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In this study we examine the impact of internet use on the duration of non-sequential search in the housing market. We develop a model of partial equilibrium in the housing market which suggests an ambiguous effect on the ...

The first essay finds that the market betas of value and small stocks have decreased by about 75% in the second half of the twentieth century. The decline in beta can be related to a long-term improvement in economic ...

This thesis is the collection of three independent studies that analyze the interplay between institutions and economic development. In Chapter 1, I examine the relationship between wealth inequality and institutions. I ...

This thesis consists of three independent chapters on nominal exchange rates. The first chapter adds to the forward bias puzzle by noting that while the exchange rate of a small commodity-exporting economy can be closely ...

This dissertation consists of three essays on the local regulation of housing supply and its influence on house price volatility. I begin by describing the local supply-side dynamics of housing price and stock in each of ...

This thesis investigates individual decision-making in response to government policies, in particular, state lotteries and the welfare "family cap." Despite considerable controversy surrounding the use of state lotteries ...

The first chapter studies Entrepreneurship and the Stigma of Failure. Entrepreneurial activity varies substantially across countries and sectors and appears to be related to the stigma of failure. To understand this ...

This dissertation consists of three chapters. The first chapter explores the effect of Wal-Mart expansion on local retail employment. The phenomenal expansion of Wal-Mart provides a clean case for studying the labor-market ...

This thesis includes three essays on the interaction between financial market institutions and market liquidity, and its implications for financial stability. The first essay studies an overlapping generations model of a ...

This thesis is a collection of three essays analyzing the economic effects of taxation, market structure, and the regulatory environment on financial markets, focusing in particular on financial intermediaries such as banks ...