Should capacitated firms set prices responsively to uncertain market conditions in a competitive environment? We study a duopoly selling differentiated substitutable products with fixed capacities under demand uncertainty, where firms can either commit to a fixed price ex ante, or elect to price...

We examine how shareholder litigation affects workplace safety. To identify a causal impact, we exploit the staggered adoption of Universal Demand (UD) laws by U.S. states, which lowers shareholder derivative litigation risk. Using establishment-level injury data and a Covid-19 exposure dataset...

This short note revisits the long-standing issue of the relationship between government borrowings and interest rates using VAR models. In particular, we consider the dynamic impacts of both official deficit and implicit debt on the interest rates. Two measures of unfunded Social Security...

This study uses the Continuous Medicare History Sample (CMHS), a longitudinal sample of Medicare beneficiaries from 1974 to 1997, to identify persistence in Medicare reimbursements. Consistent estimates of Medicare reimbursement persistence are obtained using a dynamic panel Tobit model. Lagged...

This paper investigates the impact of US Export-Import Bank (EXIM) on US exports particularly in the wake of international competition from foreign national export credit agencies (ECAs). We employ a gravity framework on a country-industry-year-level panel dataset that matches EXIM...

It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a two-sided market...

Motivated by several practical selling scenarios that require previous purchases to unlock future options, we consider a multi-stage assortment optimization problem, where the seller makes sequential assortment decisions with commitment, and the customer makes sequential choices to maximize her...

In this work, we study the assortment planning games in which multiple retailers interact in the market. Each retailer owns some of the products and their goal is to select a subset of products, i.e., an assortment to o er to the customers so as to maximize their expected revenue. The purchase...

Cover -- Contents -- Preface -- Acknowledgments -- Acronyms -- Map -- Introduction -- Ch 1 China-Taiwan Economic Relations -- Trade: Data Problems, Economic Drivers, and Political Barriers -- Direct Investment and Portfolio Holdings -- Flows of People -- Conclusions -- Ch 2 Bilateral Effects of...