This paper analyses the effect of the abolition of compulsory military service (CMS) on university enrolment in Italy. A triple-difference model is used to account for various potentially confounding factors. The identification strategy exploits variation along three dimensions: (a) between...

Banking regulations often differ between countries: Some regulators require banks to document their evaluation of firms’ creditworthiness, which determines the banks’ choice of lending technology. In a theoretical model, we study how differences in regulation influence competition between...