This paper explores the effects of municipal regulations of home-sharing websites on market structure and prices. I build on existing theoretical work on peer-to-peer markets to explain why entry regulation increases concentration and prices by disproportionately driving low capacity suppliers...

I study frictions that prevent banks and loan servicers from granting debt relief to struggling borrowers in the U.S. residential mortgage market. I explore how asymmetric information, transaction costs and aid generosity associated with granting debt relief affect mortgage foreclosure outcomes....