
The Economic Cost of OPEC’s Control of Global Oil
By John Asker
OPEC, the global cartel of oil producing…

Aging Population and Aging Firms
By Hugo Hopenhayn
During the last 40 years, the US economy…

Technology Transfer and Early Industrial Development: Evidence from the Sino-Soviet Alliance
By Michela Giorcelli and Bo Li
The importance of international…

Droughts, Deluges, and (River) Diversions: Valuing Market-Based Water Reallocation
Climate change will continue to amplify water scarcity and…

Restorative Justice and Recidivism: Evidence from the Make-it-Right Program
The United States criminal justice policy has historically…

Market power in rural labor markets
There are increasing worries about rising `market power’…

Enforcing Wealth Taxes in the Developing World: Quasi-Experimental Evidence from Colombia
The rise in income and wealth inequality has spurred a renewed…

Arbitration in Wage Negotiations
Arbitration is a private bilateral conflict resolution procedure…

The Intergeneration Impact of the Freedman’s Bank Failure
In the U.S. today, there exist large racial disparity in…

Granular Comparative Advantage
Large firms play a pivotal role in international trade, with…