One of Rottenberg's (1956, The baseball players' labor market. Journal of Political Economy, 64, 242-258) foundational sports economics hypotheses is that fans prefer their team to win but with more match outcome uncertainty (MOU) rather than less. The testable implication is that increase in...

The early establishment and persistence of landholding inequality is linked to poor long-run development outcomes. One crucial channel runs through human capital: large landowners historically underinvested in public goods such as schools, restricted workers and their children from to attending...

Exploiting a unique empirical setting, 1,000 vendors in 90 traditional food markets in Lima, we document that historic social ties among market founders are associated, decades later, with stricter formal (third party) enforcement of market rules, more collective action, and the greater...