This paper presents a rational expectations model of asset prices with rationally inattentive investors that, unlike previous papers, explains both the substantial amount of equity wealth invested domestically and the puzzling time series behavior of the home bias - an initial plateau before...

Search engines are important access channels to news content of traditional newspapers with Google alone responsible for 35% of online visits to news outlets in the European Union. Yet, the effects of Google Search on market competition and information diversity have received scant attention....

The vast majority of the empirical literature on crime has focused on the effects of "supply-side" shocks such as the severity of laws and enforcement. In this paper we analyze the effects of a large and unexpected "demand-side" shock: the drop in daytime population in Washington, DC caused by...

In this paper we empirically explore the make-or-buy decisions of peripheral services in manufacturing plants using detailed information on a data set from a new plant-level survey from 926 plants distributed in all manufacturing industries in Spain. In particular, survey respondents are asked...