The collapse of the clearinghouse for the entry-level gastroenterology labor market offers a unique opportunity to … kind that occurred in the gastroenterology market. We find that a reduction in demand for positions leads to the collapse … posed by market participants about whether the clearinghouse could be successfully restarted, and that this would relieve …

We consider nonparametric identification in models of differentiated products markets, using only market level … models widely used in applied work. We allow for product/market-specific unobservables, endogenous product characteristics (e …

run in a general setting with minimal restrictions on endowments, beliefs, or utility functions. We show that the market …

play an important role in shaping perceptions of fairness. Buyers used to high market prices, for example, are more likely … to perceive high prices as fair than buyers used to low market prices. Similarly, employees used to high wages are more …

like market power. We study pharmaceutical firms' payments to physicians, leveraging instrumental variables based on … regional spillovers from hospitals' conflict-of-interest policies and market shocks due to patent expiration. We find that the …

Nursing homes participate simultaneously in a regulated and an unregulated market, and are required to supply the same … care of Medicaid patients, whereas nursing homes charge "private pay" patients what the market will bear. Quality is … determined by competition in the"private pay" patient market. The greater the size of the "private pay" market relative to the …

. Economists have developed a large number of plausible market mechanisms for the efficient provision of public goods, and the …

a single political unit. It then proceeds to enquire whether market mechanisms could be used to choose optimally the … common policy of heterogenous actors, and thus provide an alternative to political decision-making. The advantage of market … fundamental logical objections or impossible practical obstacles to such market games, and even if they are rejected in principle …