Many economic decisions involve a binary choice - for example, when consumers decide to purchase a good or when firms decide to enter a new market. In such settings, agents' choices often depend on imperfect expectations of the future payoffs from their decision (expectational error) as well as...

In setting prices for physician services, Medicare solicits input from a committee that evaluates proposals from industry. We investigate whether this arrangement leads to prices biased toward the interests of committee members. We find that increasing a measure of affiliation between the...

The Affordable Care Act (ACA) established health insurance marketplaces where consumers can buy individual coverage. Leveraging novel credit card and bank account micro-data, we identify new enrollees in the California marketplace and measure their health spending and premium payments. Following...

Under the Affordable Care Act, individual states have discretion in how they define coverage regions, within which insurers must charge the same premium to buyers of the same age, family structure, and smoking status. We exploit variation in these definitions to investigate whether the size of...

This paper analyses the determinants of grades achieved in three core subjects by first-year Economics undergraduate students at Universidad Carlos III de Madrid, over the period 2001-2005. Gender, nationality, type of school, specialization track at high school and the grades at the university...

En este artículo utilizamos variación geográfica plausiblemente exógena en la reducción de la demanda interna causada por la Gran Recesión en España para documentar la existencia de una robusta relación causal negativa a nivel de empresa entre cambios provocados por la demanda en las...

Se aborda el estudio de la produccion industrial a un nivel agregado siguiendo la metodologia de analisis coyuntural de un fenomeno concreto expuesta en Espasa (1988). A partir de la informacion estadistica disponible, se ha seleccionado el Indice de Produccion Industrial (IPI) elaborado por el...