We use a comprehensive Swedish credit register to document that firms throughout the size distribution have access to fairly large and reasonably priced credit lines, but borrow relatively little from them. We rationalize this using a theoretical framework in which the expected cost of financial...

We use a comprehensive Swedish credit register to document that firms throughout the size distribution have access to fairly large and reasonably priced credit lines, but borrow relatively little from them. We rationalize this using a theoretical framework in which the expected cost of financial...

Limiting the spread of contagious diseases can involve both government-managed and voluntary efforts. Governments have a number of policy options beyond direct intervention that can shape individuals' responses to a pandemic and its associated costs. During its first wave of COVID-19 cases,...

Limiting the spread of contagious diseases can involve both government-managed and voluntary efforts. Governments have a number of policy options beyond direct intervention that can shape individuals' responses to a pandemic and its associated costs. During its first wave of COVID-19 cases,...

Despite contentious debate on the role of concealed-carry legislation in the U.S., little is known about individual decisions to legally carry concealed handguns in public. Using data on concealed-carry permit applications from 1998 to 2012, we explore the degree to which individuals respond to...

Despite contentious debate on the role of concealed-carry legislation in the U.S., little is known about individual decisions to legally carry concealed handguns in public. Using data on concealed-carry permit applications from 1998 to 2012, we explore the degree to which individuals respond to...