A vigorous debate is underway about privatization through mandatory arbitration. One group
thinks that it is an efficient mode of dispute resolution. Another group believes that access to …

This article measures the extent to which prices exceed marginal costs in the US natural gas
distribution market during the period 1991–2007. We find large departures from marginal …

Residential natural gas customers in the United States face volumetric charges that average
about 30 percent more than the marginal cost of gas. This inefficient departure from marginal …

We investigate the efficiency and environmental impacts of electricity market restructuring by
examining changes in fuel efficiency, cost of coal purchases, and utilization among coal …

We estimate expenditures by US natural gas distribution firms to reduce natural gas leaks.
Reducing leaks averts commodity losses (valued at around 5/Mcfthousandcubicfeet) …

Industry-wide shocks can have heterogeneous impacts on firms' costs due to different firm
characteristics. The heterogeneity of these impacts is crucial for understanding the pass …

This paper focuses on two specific issues in the design of a domestic cap and trade program
for GHGs-whether the cap should be located upstream or downstream, and whether trading …

Lack of compliance with consumer protection law has been a crucial problem in the field for
as long as such law has existed. In the aftermath of the consumer movement of the 1960s …

Moral hazard and opportunism is an inherent part of contracting and procurement strategies,
especially in complex transactions that require co-creation, which is often the case in the …

I evaluate how loan officers screen uncodified, soft information using data from China. After
documenting substantial differences in loan decisions and outcomes across loan officers, I …