I study a screening game in a competitive insurance market in which insurance customers differ with respect to both accident probability and degree of risk aversion. It is shown that indifference curves of customers may cross twice; thus the single crossing property does not hold. When differences...

Over a decade ago, several Canadian provinces replaced their retail sales taxes by value-added taxes. This paper estimates the effects of this tax substitution on business investment in the reforming provinces. Consistent with theory, we find that the reform led to significant increases in...

Today’s teens are members of the first generation to have never known a world without instantaneous and nearly ubiquitous mobile phone access. They also must surmount greater hurdles to driver’s licensing than any previous generation faced. And they are struggling to transition...

Many urban planners promote mixed-use developments as one component of a broader sustainable development strategy. Scholars and advocates argue that these neighborhoods have the potential to reduce traffic congestion by promoting fewer trips, shorter travel distances, and alternative modes of...

Immigrants are more likely to travel by carpool than the US-born. Strong ethnic ties within immigrant communities may contribute to immigrants’ propensity to carpool, enabling residents to find carpool partners more easily and increasing the likelihood that residents will travel to and...

Immigrants to the United States walk, bicycle, and use transit and carpools more than U.S.-born residents do. These differences persist over time and across income groups. The differences appear strongest when immigrants reside in immigrant neighborhoods with high concentrations of other...

Conventional wisdom has it that proportional representation leads to more coalition governments and so to greater government spending, especially in redistributive categories favoured by special-interest groups. In contrast, we show in a theoretical model that first-past-the-post systems of...

For the past fifteen years, Colombia has been engaged in a grand experiment in decentralization. Since 1986, subnational government spending has increased dramatically, as the regions have assumed greater control of health and education programs and other local services, and an increasing...