the seemingly failure of the private insurance market to provide coverage for terrorism losses after the attack on … September 11, 2001. This paper surveys the evidence of the supposed private market failures after 9/11 and the arguments for …

This study explores economic aspects of the market for long term care (LTC) with a special focus on Japan. First, we …

the small size of this market is driven primarily by supply side market imperfections or by limitations to demand, however …, is unresolved, largely due to the paucity of data about the structure of the private market. We provide what is to our … findings are consistent with the presence of supply side market imperfections. However, we also find enormous gender …

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 …

Digital platforms like Uber can enhance market transparency and mitigate moral hazard via ratings of buyers and sellers …

In the automobile industry, as in many tradable goods markets, firms usually earn their highest market share within … their domestic market. The goal of this paper is to disentangle the supply- and demand-driven sources of the home market … advantage. While trade costs, foreign production costs, and taste heterogeneity all matter for market outcomes, we find that a …

We study short-term market risks implied by weekly S&P 500 index options. The introduction of weekly options has … short-term risks. Such short-dated options provide an easy and direct way to study market volatility and jump risks. Unlike … shape of the negative market jump tail risk which is not spanned by market volatility. Incidents of such tail shape shifts …

simultaneously product and labor market imperfections, this paper quantifies industry differences in both types of imperfections … Hall's econometric framework for estimating price-cost margins by nesting three labor market settings (perfect competition … market imperfections. Consistent with differences in institutions and in the industrial relations system in the two countries …