The rapid development of digital finance has transformed traditional financial institutions. We investigate the effect and economic consequences of bank digital transformation on corporate financial constraints using data from China. The results show that bank digital transformation alleviates...

College graduates tend to marry each other. We use detailed Norwegian data to show that strong assortativity further arises by institution and field of study, especially among high earners from elite programs. Admission discontinuities reveal that enrollment itself, rather than selection,...

This paper studies how dynamic changes in the search environment affect consumer search and purchase behavior. We develop a dynamic model that incorporates a non-stationary search environment and propose a feasible estimation procedure to estimate its parameters. We apply our model and...