The job market for academic economists is examined with data from a sample of applicants for a position at a middle-tier university. Search methods and outcomes are reported, and regression results for an accepted salary equation are presented. A recursive system of equations is also estimated...

Previous research identifies a negative externality associated with mortgage foreclosures. Houses in the neighborhood surrounding a foreclosed property sell for less, all things being equal. This paper explores the effect of short sales on condominium prices in downtown San Diego, California....

This classroom experiment introduces students to the concept of double marginalization, i.e., the exercise of market power at successive vertical layers in a supply chain. By taking on roles of firms, students determine how the mark-ups are set at each successive production stage. They learn...