The identical agent, identical good Bertrand game is associated with prices at marginal cost - the Bertrand Paradox. If consumers make occasional mistakes I show that the standard Bertrand game gives rise to positive profits and prices above marginal cost. Some firms charge low prices to capture...

Domestic violence generates long-term effects on offenders, victims, and other household members. Insight into triggers of family violence can inform policy and improve services aimed at reducing abusive behavior. We investigate potential domestic violence triggers by analyzing unexpected losses...

Experience goods are those where the utility received is not known until consumed. The purchase can be viewed as a lottery. Consequently, risk preferences should affect willingness to pay and the price. Data from panels of experts rating cigars is used to test this assertion. For inexpensive...

We ask what the relationship is between pawn shops and crime. The dominant narrative is that pawn shops reduce the transaction costs of crime and, consequently, promote it. We explore the alternative where pawn shops address the financial distress of those in need, which reduces the incentive to...