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 …

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 …

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 …

. 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 …

This study explores empirically the price dynamics within two distinct market institutions - a double oral auction …, which resembles modern asset markets, and a bilateral exchange market, which represents markets that have existed for …, 1889, 1896)) and the excess rent model (Smith (1962, 1965)) in both market institutions. Our approach is unique in that we …

apparatus for understanding NTU allocation markets, as such covering the housing market and other markets for large indivisible …. Generically, we show that there can be five and only five qualitatively distinct forms of market transition: Graft; Prune and … computing market equilibria …