This paper analyzes the impact of rate regulation on the structure of insurance markets for private passenger automobile insurance. The paper argues that states' restrictions on automobile insurers' rates of return will distort the structure of the market by distorting insurers' entry and output...

Between 1850 and 1920, most U.S. states enacted laws expanding the rights of married women to own and control their separate property and to own their market earnings. The economic approach to property rights implies that as married women gain economic rights, the incentive to invest in girls’...