Child labor may impose positive and negative, direct and indirect effects on the long-term development of an individual. This study employs the Brazil Living Standards Measurement Study Survey to examine the long-run consequences of child labor on an adults income, health and educational...

Child labor may impose positive and negative, direct and indirect effects on the long-term development of an individual. This study employs the Brazil Living Standards Measurement Study Survey to examine the long-run consequences of child labor on an adults income, health and educational...

In open internet auctions with deadlines, some bids made near the deadline are randomly lost. Roth and coauthors have demonstrated via full-information examples that multiple bidders bidding late can nevertheless be equilibrium behavior, as the cost to one bidder of a lost bid can be outweighed...

When faced with a run on a “systemically important” but insolvent bank in 1889, the Banque de France pre-emptively organized a lifeboat to ensure that depositors were protected and an orderly liquidation could proceed. To protect the Banque from losses on its lifeboat loan, a guarantee...

Prior literature on quality disclosure focuses on whether information provision affects consumer choice. This paper extends this research and explores whether information presentation affects consumer responsiveness in the context of Assisted Reproductive Technology (ART) reports. I find that...

If the intensity parameter in a jump diffusion model is identically zero, then parameters characterizing the jump size density cannot be identified. In general, this lack of identification precludes consistent estimation of identified parameters. Hence, it should be standard practice to...

Value of Statistical Life (VSL) studies suggest that people’s willingness to pay for statistical lives is consistent with their willingness to pay for identified lives. The idea that the valuations are different may be no more than an artifact of the economic method for valuing statistical...

We examine consumers’ use of publicized quality information in Medicare home health care, a setting where consumer prices, travel costs, and service bundles do not vary across providers. This setting offers an opportunity to better isolate how consumers react to quality information independent...