Policy & the Economy

November 2, 2015
Do High-Frequency Traders Deserve Their Bad Rap?
Though suspicions abound, HFTs generally help markets function and grow.
Robert Korajczyk and Dermot Murphy

September 8, 2015
Why Power Companies Love Smart Meters
Smart meters provide richer data, enabling smarter pricing strategies and a smoother electricity supply chain.
Özge İşlegen, Baris Ata and Asligul Serasu Duran

August 3, 2015
Two Distinct Motivations Drive Violence against Americans in the Middle East
Lessons about cultural dominance have implications for the business world.
Jim Sidanius, Nour Kteily, Shana Levin, Felicia Pratto and Milan Obaidi

July 6, 2015
The Economics of the Illegal Drug Market
An argument for sentencing dealers based on the purity of their product.
Manolis Galenianos, Rosalie Liccardo Pacula and Nicola Persico

June 22, 2015
Who Bears the Cost of the Uninsured? Nonprofit Hospitals.
When governments do not provide health insurance, hospitals must provide it instead.
Craig Garthwaite, Tal Gross and Matthew J. Notowidigdo

June 2, 2015
Can Wikipedia Be Trusted?
Crowdsourced Wikipedia entries are more biased than Encyclopaedia Britannica articles.
Shane Greenstein and Feng Zhu

June 2, 2015
It Pays to Be Honest—Even When You’re Selling Junk
Disclosing flaws can drive auction bids up.
Steven Tadelis and Florian Zettelmeyer

May 1, 2015
Collaborating to Save Lives
For an integrated healthcare organization, culture is the key to operational efficiency.
Leemore S. Dafny and William Ocasio

April 6, 2015
The Superfluousness of Realtors
Homes sold through Realtors do not garner a price premium over ones sold by owners.
Igal Hendel, Aviv Nevo and François Ortalo-Magné

March 2, 2015
To Bluff or Not to Bluff
Game theory says it’s pure mathematics. But human psychology matters, too.
Ehud Kalai and Kent Grayson

January 5, 2015
What Will It Take to Regulate the Stock Markets?
Better data and better cooperation are needed.
Torben Andersen

December 1, 2014
Is Your Household Liquid Enough?
Ample cash reserves aid households when faced with the unexpected.
Scott R. Baker

December 1, 2014
Fixing the Next Mortgage Crisis
What if mortgages could be refinanced automatically?
Janice C. Eberly and Arvind Krishnamurthy

November 3, 2014
Keeping in Justice’s Good Graces
A discussion with Aviv Nevo on his tenure at the Department of Justice
Aviv Nevo

September 2, 2014
Is Economic Growth a Question of Culture?
A decade of research shows how culture seeps into economic decisions.
Paola Sapienza

August 4, 2014
Online Brands Show Their Stuff Offline
Building brick-and-mortar showrooms can have big payoffs for online retailers.
David Bell, Santiago Gallino and Antonio Moreno-Garcia

August 4, 2014
The Hidden Benefits of Unemployment Insurance
A pioneering study reveals that the benefits of unemployment insurance include reductions in mortgage defaults and improved access to credit.
Joanne W. Hsu, David A. Matsa and Brian Melzer

July 7, 2014
A Fine Fiscal Balance
A conversation with Jan Eberly on sustainable fiscal policy.
Janice C. Eberly

July 7, 2014
More Insurers, Lower Premiums?
Evidence from U.S. health insurance marketplaces.
Leemore S. Dafny, Jonathan Gruber and Christopher Ody

June 2, 2014
Does Immigration Increase Crime?
Nationwide statistics suggest no impact on violent crime.
Jörg L. Spenkuch
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