During the first wave of COVID-19 in Europe, people’s retail and recreation mobility, a high-frequency proxy for consumption, correlated negatively with the increase in the number of COVID-19 daily cases. We propose a new identification strategy to assess how much of the drop in retail...

This study provides a review of important legal cases and empirical studies on Right-to-Work RTW laws. Twenty-seven US states have passed RTW laws since 1946, but the proposed Protecting the Right to Organize (PRO) Act 2021 intends to override some of their important provisions. Evidence on RTW...

In this paper we note that unrelated research in the management and finance fields, if combined, makes predictions concerning board reforms in emerging countries. Specifically, outside directors' demographic characteristics that are salient to foreign investors should reduce stock price...

We formulate a horizontal differentiation model with price-sensitive demand and asymmetric transport costs, in the context of transport scheduling. Two competitors choose fares and departure times in a fixed time interval. Consumers are distributed uniformly along the interval; their location...

This paper presents a theoretical model of remanufacturing where a duopoly of original manufacturers produces a component of a final good. The specific component that needs to be replaced during the lifetime of the final good creates a secondary market where independent remanufacturers enter the...

We compare the short-run welfare effects of two types of settlement agreements, quot;reverse paymentsquot; of the brand-name drug makers to generic producers not to enter the market and delayed entry when these payments are restricted both under the entry injunction (imposed by the Hatch-Waxman...

Government regulation of financial reporting by publicly listed firms, coupled with a punitive regime for violation of generally accepted accounting principles (GAAP), has been in place in the United States for seven decades. Whether this regime is effective or useful is an open question,...

In this paper, we examine the economic impact of the Sarbanes-Oxley Act (SOX) by analyzing foreign listing behavior onto U.S. and U.K. stock exchanges before and after the enactment of SOX in 2002. Using a sample of all listing events onto U.S. and U.K. exchanges from 1995-2006, we develop an...

In the Western intellectual tradition usury law has historically been the foremost bulwark shielding consumers from harsh credit practices. Historically, the United States commitment to usury law has been deep and consistent. However, the recent rapid growth of the payday loan industry belies...

This paper claims that special purpose independent agencies such as quangos provide an avenue for understanding the personal vote and political control of administrative policymaking in Britain. Quangos make policies that directly influence particularistic concerns in an MP's constituency,...