Working Papers

Since brokers operate a two-sided platform for trading homes, this model explains the 6 real estate broker commission and implies that commission rates should be higher where price-rent ratios are higher.

Why do banks fail? The authors create a panel covering most commercial banks from 1863 through 2024 to study the history of failing banks in the United States.

This paper's authors study the spatial expansion of banks in response to the banking deregulation of the 1980s and '90s in order to develop a spatial theory of banking.

The authors show how max-share identification could be problematic and that stringent conditions are required to accurately identify the shock of interest.

Research shows the H-1B program induced Indians to switch to computer science occupations and helped drive the shift in IT production from the United States to India.