Advertising is often criticized for presenting only partial or selective information about products. This criticism is particularly pronounced for health products, where large asymmetries in information may exist between consumers and firms. This paper explores how government restrictions...

In April 2006, the real estate listing service in Massachusetts adopted a new policy that prohibits home sellers from resetting their properties' "days on market" through relisting. We study the effect of this new policy on home sales along the Massachusetts-Rhode Island border, using homes in...

There are many technology platforms that bring benefits only when users share data. In healthcare, this is a key policy issue, because of the potential cost savings and quality improvements from 'big data' in the form of sharing electronic patient data across medical providers. Indeed, one...

NFTs have become a popular word, with 20% of Americans somewhat familiar with what it means. This article explains what NFTs are, the use cases for NFTs, and the limitations. It also explores the last mile problem, which has to do with challenges in assigning correct ownership of NFTs

When a multi-channel retailer opens its first retail store in a state, the firm is obligated to collect sales taxes on all Internet and catalog orders shipped to that state. In this paper, we assess how opening a store affects Internet and catalog demand. We analyze purchase behavior among...

Online rating systems can lead, on occasion, to reviews that are unfair or unrepresentative of the true quality provided. On the one hand, receiving an unfairly low rating once, might induce participants to exert more effort and receive a better rating the next time. On the other hand, it might...

This paper empirically investigates the statistical relation between levels of patent litigation and venture capital ("VC") investment in the U.S. We find that VC investment, a major funding source for entrepreneurial activity, initially increases with the number of litigated patents, but that...