College men’s basketball players have alleged that the NCAA’s illegal cap on athletic scholarships leads to lower scholarships than would prevail in a free market. Recently, the NCAA increased the limit on athletic scholarships. We compare the marginal revenue product (MRP) of men’s...

We study the causal effect of an active learning teaching method on grades. We designed a randomized experiment with students at an undergraduate business and economics program in Chile. Two groups were taught by the same professor: the control group used traditional lectures, while the...

In many recent antitrust cases, manufacturers of complex high- technology equipment have been accused of exercising market power in the sale of proprietary service or parts necessary to maintain the machines they produce. The manufacturer generally concedes that it has market power in selling...

In many recent antitrust cases, manufacturers of complex high-technology equipment have been accused of exercising market power in the sale of proprietary service or parts necessary to maintain the machines they produce. The manufacturer generally concedes that it has market power in selling the...

A number of private colleges and universities have chosen not to compete for students by offering merit-based financial aid. In addition, until 1990 many of these schools jointly calculated a student's financial need. I theoretically and empirically analyze the effects of different financial aid...

We empirically test some implications from location theory using the location of Los Angeles area gasoline stations in physical space and in the space of product attributes. We consider the effect of demand patterns, entry costs, and several proxies for competition--the total number of stations,...