School choice and American democracy -- Evaluating voucher programs -- Seeking and using a voucher -- Attending urban schools -- Social consequences -- The urban test score gap -- Satisfaction with urban schools -- Vouchers and urban schools

Commodity Derivatives: A Guide for Future Practitioners describes the origins and uses of these important markets. Commodities are often used as inputs in the production of other products, and commodity prices are notoriously volatile. Derivatives include forwards, futures, options and swaps;...

We study a model that characterizes the conditions under which past misbehavior becomes the subject of present scandal, with consequences for both the implicated politician and the parties that work with him. In the model, both authentic and fake scandals arise endogenously within a political...

Politicians, especially executives, regularly seek to project their influence into new policy domains. In some instances, they do so only after having secured the requisite statutory authority; in others, they intervene without prior authorization, hoping that their actions henceforth serve as...

This review critically evaluates the largely consensual view that wars naturally and reflexively augment presidential power. After summarizing the key arguments advanced by presidency scholars in the aftermath of World War II, this article canvasses the existing empirical basis for their claims...