In most times and places, women on average marry older men. We propose a partial explanation
for this difference and for why it is diminishing. In a society in which the economic roles …

In many applications, assumptions about the log-concavity of a probability distribution allow
just enough special structure to yield a workable theory. This paper catalogs a series of …

We model firms as competing for socially responsible consumers by linking the provision of
a public good (environmentally friendly or socially responsible activities) to sales of their …

While most takeover models assume atomistic stockholders, we analyze a single-raider model
with finitely many stockholders. Because the raider can always make some stockholders …

We examine how biased financial reports (managed earnings) affect product market
competition and how product market competition affects incentives to bias financial reports in a …

Standard economic intuition would say that private provision of public goods will be inefficient
due to free-rider problems. This view is in contrast to the results in the literature on full …

This paper reports on a series of laboratory experiments designed to evaluate a mechanism
for the voluntary provision of public good. The public good is provided if the total …

Since 1995, managers of thousands of firms have voluntarily disclosed the expected date of
their firm’s next quarterly earnings announcement to Thomson Financial Services Inc. These …

We analyze a dynamic game between consumers and the sole seller of a durable good.
Unlike previous analyses, we assume that there exists a finite collection of buyers rather than a …

The announcement of a takeover bid causes significant increases in the target's stock price,
but the possibility that a bid is motivated to cause this increase so that the bidder can sell his …