This paper provides a theory and evidence for why firms with higher markups extend more trade credit, focusing on a financing cost channel that is distinct from existing competition-based …
This paper analyzes the effectiveness of a tax on inflation policy (TIP)—a fiscal instrument that would require firms to pay a tax proportional to the increase in their prices—as a complement to …
Haupt and Hitzig introduce a framework for comparing the privacy properties of different mechanism protocols. The core research question is: when a designer commits to implementing a social choice …
This paper asks how much adverse selection would arise in critical illness insurance (CII) markets if consumers can observe polygenic indexes (PGIs) — genetic risk scores derived from millions of …
Bergemann, Heumann, and Wang study consumer surplus when a monopolist simultaneously engages in second-degree price discrimination (screening consumers within each market segment through …