This research develops a theory of how market structure and belief formation drive survival and ownership of marketplaces. This paper explains the process for deriving theoretical predictions about these phenomena and suggests how comparison of theoretical predictions with actual outcomes in the...

This paper empirically investigates the relationship between commodity prices and wages in the rural labor markets of a developing country (i.e., Bangladesh). Given its basis on a theoretical justification for hysteresis, this empirical study provides a more complete method for investigating...

Using data for Mississippi, this paper revisits Burkey and Simkins' (2004) work on factors determining the number of payday lenders and banks. With data at two levels of geographic aggregation, the paper discovers whether empirical results are robust and allows for uncertainty in geographic...

This paper discusses some of the reasons why the Internet might have a positive effect on the international trade in agricultural and horticultural commodities between the United States and its partners. It provides some simple econometric tests which differentiate the export and import effects...

This paper presents a theory of how industry structure and beliefs about Internet marketplace use have driven choice and ownership of marketplaces. The theory's predictions suggest that surviving Internet marketplaces will be those with strong historical linkages in an industry and those owned...

The experiment explained in this paper helps students to understand the importance of network externalities in the evolution of industries and technology. Complex enough to permit exploration of the role of strategic pricing in network industries, the method is still flexible enough to allow...

Payday lending, pawn lending, and other alternative financial services experienced rapid growth in the two decades up until the most recent financial crisis. Immediately before and since that time, these businesses have confronted increasing regulatory pressure both at the state and federal...

This paper discusses the clear and important role of social, institutional, and psychological factors in the behavior of low-income households, and the paper makes direct arguments in favor of policy interventions to alleviate some the challenges of these households in that context. Qualitative...

This paper presents a simple model of peer selection in a static, single-period model setting. Given the connections between consumption and how one perceives the consumption of peers, this project takes a further step backward in terms of understanding the process of consumer self-segregation...