By examining an online computer exchange, we find that sellers who place higher nonbinding ask prices have higher outstanding offers and remain on the exchange longer, suggesting a willingness to hold out for higher offers. Additionally, higher ask prices deter buyers from making offers. The...

We present publication data for recent graduates of 50 economics Ph.D. programs. The data show that publishing output is highly concentrated among graduates of the top programs; the top three programs, for example, generate more than 25% of aggregate publishing output in our sample. We use the...

This article proposes a dynamic labor market discrimination model based on Bayesian updating of beliefs by the employer. The employer forms initial beliefs of worker ability conditional on group and updates his beliefs each period based on observed output. Inaccurate initial priors lead to...