In this paper, we explore whether the alignment of the date a household receives Supplemental Nutrition Assistance Program (SNAP) benefits with the start of the calendar month affects the smoothness of household monthly expenditures. Across states, what day in the calendar month households...

Firms often worry about how buyers will react when there is an inventory shortage, but the anticipation of facing a shortage may also impact buyer behavior. In this paper we use a combination of theoretical modeling, computational methods, and laboratory experiments to understand buyers' search...

Research and Development (R&D) investments can lead to robust stock returns in many instances. Investments in R&D create significant information asymmetry between the firm and the general public, which can lead to volatile trading activity as a result of the uncertainty stemming from the R&D...