Winners in online auctions frequently fail to complete purchases. Major auction platforms therefore allow "second-chance" offers, where the runner-up bidder pays his own bid price, and they let sellers leave negative feedback on buyers who default. We show theoretically that (i) all else equal,...

Do sexual minorities face barriers when accessing jobs with supervisory and managerial authority? And once on the managerial ladder, do they face glass ceilings that block them from higher-level posts? In this paper we find that gay men and lesbians are significantly more likely to have...

Using a survey questionnaire of academic economists in the United Kingdom, we examine the representation of ethnic and other minorities. We find that nearly 12% of UK-employed academic economists are of ethnic minority origin. However, only 1% of the sample are UK-born ethnic minority....

Richard Sylla, Richard Tilly and Gabriel Tortella, The State, the Financial System and Economic Modernization Walter Eltis, The Classical Theory of Economic Growth Rosemary Crompton, Restructuring Gender Relations and Employment: The Decline of the Male Breadwinner Robert E. Litan and Anthony M....

This paper considers alternative allocation mechanisms in the public provision of private goods for the purpose of redistribution. The benchmark policy is to ration by low quality. Better off households choose higher quality private over subsidised public provision. It is suboptimal to ration by...