Human cadavers are crucial to medical science. While the debate on how to secure sufficient cadavers has focused primarily on donors’ behaviors, procuring organizations’ roles in increasing donations remain less explored. The United States offers a unique setting in which to examine this...

The North American Free Trade Agreement (NAFTA) was signed by President William Jefferson Clinton in 1992. Although NAFTA is a trade and tariff initiative it has profound consequences for labor and the U.S. economy. Since its implementation NAFTA has resulted in the permanent elimination of more...

This essay discusses various aspects of corporate organization in Japan and the United States. First it examines some concrete empirical questions, such as relative differences in decentralization of decision-making, and in outsourcing. Next it turns to more theoretical and historical questions...

The U.S. residential housing market collapse illustrates the consequences of ignoring risk while funding mortgage borrowing. Collateral over-valuation was a foundational piece of the crisis. Over the past few decades, secondary markets, securitization, policy and psychology increased the flow of...

In the present paper an empirical analysis will point out that government debt as a percentage of GDP has a negative impact (among others) on banking profitability. This impact will be even worse when this debt as a percentage of GDP exceeds a certain critical level. The sample covers during the...

Field experiments provide the clearest window into the true impact of many policies, allowing us to understand what works, what does not, and why. Yet, their widespread use has not been accompanied by a deep understanding of the political economy of their adoption in policy circles. This study...

Competent public agencies are associated with better economic outcomes. Beyond competence, political leaders need to secure the loyalty of their agencies. Unfortunately, several theories predict a tradeoff between these two valued features. This paper finds that recruitment into agencies is...

This paper examines whether a proactive personality instrument, designed to assess whether an individual possesses personality traits often linked to entrepreneurship, is robust to international applications. We present the instrument to three cohorts of MBA students: a group in Michigan,...

Using data on U.S. state and federal taxes and transfers over a quarter century, we estimate a regression model that yields the marginal effect of any shift of market income share from one quintile to another on the entire post tax, post-transfer income distribution. We identify exogenous income...

This paper highlights the separation between surplus value production and realization in Marx's work. A new method of estimating surplus value production at the industry level is proposed and implemented. Marx's procedure of transforming labor values into prices of production shows that...