We provide evidence on how two important types of institutions - dismissal barriers, and bonus pay - affect contract enforcement behavior in a market with incomplete contracts and repeated interactions. Dismissal barriers are shown to have a strong negative impact on worker performance, and...

In this paper we study the causal impact of police on crime by looking at what happened to crime before and after the terror attacks that hit central London in July 2005. The attacks resulted in a large redeployment of police officers to central London boroughs as compared to outer London - in...

The emergence of the multi-sided platform business model has had a profound impact on the news publishing industry. By acting as gatekeepers to news traffic, large online platforms have become unavoidable trading partners for news businesses, and exert substantial bargaining power in their...

The Consumer Financial Protection Bureau has been steeped in partisan controversy since its founding in 2011. While generally championed by those on the left, many on the right have been skeptical if not hostile to the Bureau’s mission. The Bureau’s enforcement regime has unsurprisingly...

Controversial police use-of-force incidents have eroded police legitimacy, and body-worn cameras (BWCs) have received extensive attention as a key reform. I study the causal effects of BWCs on the use of force and law enforcement outcomes. Previous studies that randomized BWC deployment at the...

The author analyses whether or not competition policy should aim to achieve non-competition-related goals. Should other considerations than consumer welfare be taken into account in the standard merger assessment? Furthermore, the author examines how competition regimes can meet the public...

Contractual clauses like FIDIC’s notice requirement for contractor’s claims has long been perceived to be unenforceable under Indian law, being hit by Section 28(b) of the Indian Contract Act 1872. However, a deeper appreciation of this theme shows something else. It requires an examination...