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In this paper, we explore the determinants of recent entry into local exchange service, and the role that regulatory policies have had in aiding this policy objective. Our results suggest that the 1996 Telecommunications Act did lead to some entry, but that strategic non-price behavior by...
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Commentary from a panel discussion on IRS restructuring between Elizabeth Wagner, Margaret Richardson, Fred Goldberg, Donald Alexander, and Joel Slemrod.
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Over the past twenty years real wages have stagnated despite substantial technical progress. This runs contrary to the widespread belief that technological change increases real wages. This paper presents a theoretical model showing that technical progress could reduce wages. This hypothesis is...
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