College men’s basketball players have alleged that the NCAA’s illegal cap on athletic scholarships leads to lower scholarships than would prevail in a free market. Recently, the NCAA increased the limit on athletic scholarships. We compare the marginal revenue product (MRP) of men’s...

Over 20 recent antitrust cases have turned on whether competition in complex durable-equipment markets prevents manufacturers from exercising market power over proprietary aftermarket products and services. We show that the price in the aftermarket will exceed marginal cost despite competition...

Over 20 recent antitrust cases have turned on whether competition in complex durable-equipment markets prevents manufacturers from exercising market power over proprietary aftermarket products and services. We show that the price in the aftermarket will exceed marginal cost despite competition...

Prior research has identified statistically significant but small income effects for children’s cognitive, language, and social outcomes. We examine the impact of family economic resources on developmental outcomes in early childhood, the stage of life during which developmental psychologists...