Working Papers

From The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State
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185: The State of U.S. Corporate Governance: What's Right and What's Wrong?

Steven N. Kaplan and Bengt Holmstrom

184: The Corporate Governance Role of the Media

Luigi Zingales and Alexander Dyck

183: Banks and Markets: The Changing Character of European Finance

Raghuram Rajan and Luigi Zingales

182: Peoples Opium? Religion and Economic Attitudes

Luigi Zingales, Paola Sapienza and Luigi Guiso

181: Illegal Sports Bookmakers

Koleman Strumpf

180: Social Security and Democracy

Casey B. Mulligan and Ricard Gil Sala-I-Martin X.

179: Remembrance and Appreciation Roundtable – George J. Stigler (1911-1991): Scholar, Father, Dissertation Advisor, Referee, Textbook Writer and Policy Analyst

Claire Friedland, Craufurd Goodwin, Claire H. Hammond, J. Daniel Hammond, David Levy, Steven G. Medema, Michele I. Naples, Warren Samuels and Stephen M. Stigler

178: The Dual Effects of Intellectual Property Regulations: Within- and Between-Patent Competition in The US Pharmaceuticals Industry

Frank Lichtenberg and Tomas Philipson

177: Offsetting Behavior and Medical Breakthroughs

Sam Peltzman

176: Cooperative Technology Adoption Under Global Competition: The Case of Japanese Cotton Spinning Industry

Serguey Braguinsky, Atsushi Ohyama and David Rose

175: Bidder Discounts and Target Premia in Takeovers

Serguey Braguinsky and Boyan Jovanovic

174: The Growth of Obesity and Technological Change: A Theoretical and Empirical Examination

Darius Lakdawalla and Tomas Philipson

173: Does Local Financial Development Matter?

Luigi Zingales

172: Private Benefits of Control: An International Comparison

Luigi Zingales

171: Economic Limits on "Rational" Democratic Redistribution

Casey B. Mulligan

170: A Century of Labor-Leisure Distortions

Casey B. Mulligan

169: Offsetting Behavior and Medical Breakthroughs

Sam Peltzman

168: It's What You Know, Not How You Learned to Teach It: Evidence from a Study of the Effects of Knowledge an d Pedagogy on Student Achievement

William B. Vogt and Robert Strauss

167: Could we Tell if Health Insurance Mandates Cause Unemployment? A Note on the Literature

William B. Vogt and Jayanta Bhattacharya

166: A Simple Model of Pharmaceutical Price Dynamics, version 1.1

William B. Vogt and Jayanta Bhattacharya

165: The Veterans' Bonus of 1936 and the Abortive Recovery from the Great Depression

Lester G. Telser

164: Competition, Monopoly, and Aftermarkets

Dennis Carlton and Michael Waldman

163: Entrepreneurial Ability, Market Selection and Setting Up an Infant Industry-Theory and Evidence from the Japanese Cotton Textile Industry

Atsushi Ohyama, Serguey Braguinsky and Kevin M. Murphy

162: The Effects of School Quality on the Youth Labor Market

Sam Peltzman and Kevin M. Murphy

161: Teaching Microeconomics in Wonderland

B. Peter Pashigian

160: Status, Lotteries, and Inequality

Gary Becker, Ivan Werning and Kevin M. Murphy

159: Merit Motives & Government Intervention: Public Finance in Reverse

Casey B. Mulligan and Tomas Philipson

158: Obstacles To Optimal Policy: The Interplay of Politics and Economics in Shaping Bank Supervision and Regulation Reforms

Randall S. Kroszner

157: Can Monopoly Unionism Explain Publicly Induced Retirement?

Casey B. Mulligan

156: Alcohol

Philip J. Cook and Michael Moore

155: Does Political Ambiguity Pay? Corporate Campaign contributions and the Rewards to Legislator Reputation

Randall S. Kroszner and Thomas Stratmann

154: Gerontocracy, Retirement, and Social Security

Casey B. Mulligan and Xavier Sala-i-Martin

153: Firm Responses to Growing Inequality in Income and the Cost of Time

B. Peter Pashigian and Jeanne-Mey Sun

152: Immigrant Earnings: Language Skills, Linguistic Concentrations and the Business Cycle

Barry Chiswick and Paul Miller

151: Is the Financial System Politically Independent? Perspectives on the Political Economy of Banking and Financial Regulation

Randall S. Kroszner

150: Bankers on Boards: Monitoring Conflicts of Interest & Lender Liability

Randall S. Kroszner and Philip E. Strahan

149: A Model of Destination Language Acquistion: Application to Male Immigrants in Canada

Barry Chiswick

148: The Complementarity of Language and Other Human Capital: Immigrant Earnings in Canada

Barry Chiswick

147: Are Immigrants Favorably Self-Selected? An Economic Analysis

Barry Chiswick

146: The Rise in Old Age Longevity and the Market for Long-Term Care

Tomas Philipson and Darius Lakdawalla

145: The Strategic Use Of Tying To Preserve And Create Market Power In Evolving Industries

Dennis Carlton and Michael Waldman

144: Deadweight Costs and the Size of Government

Gary Becker and Casey B. Mulligan

143: Contracts, Externalities, and Incentives in Shopping Malls: An Empirical Analysis

B. Peter Pashigian and Eric Gould

142: Prices Rise Faster Than They Fall

Sam Peltzman

141: Defense Procurement Fraud, Penalties, and Contractor Influence

Jonathan Karpoff, Scott D. Lee and Valaria P. Vendrzyk

140: The Absorption of Highly Skilled Immigrants: Israel, 1990 - 1995

Yoram Weiss and Zvi Eckstein

139: Social Status and Economic Performance: A Survey

Yoram Weiss and Chaim Fershtman

138: Ethic Norms and Their Transformation Through Reputational Cascades

Timur Kuran

137: Interests, Institutions, and Ideology in the Republican Conversion to Trade Liberalization, 1934-1945

Douglas A. Irwin and Randall S. Kroszner

136: The Political Economy of Deregulation: Evidence From the Relaxation of Bank Branching Restrictions in the United States

Randall S. Kroszner and Philip E. Strahan