Airline Shareholders Were the Big Losers from Deregulation
Consumers, on the other hand, gained in good times and bad
Equity-Rich Homeowners Overpay for Their Next House
Less diligent as shoppers, such buyers help drive up home prices
Long Before COVID-19, School Summer Breaks Disrupted Women’s Careers
Households with kids ages 6 to 12 feel the interruption most
$52.6 Billion: Extra Cost to Consumers of Add-On Drug Patents
The figure is a subset, not covering huge expense of extended patents on high-priced biologics like Humira
Improving Airlift Schedules with Algorithms
Splitting complex problems into parts simplifies and greatly speeds the task
Local-Level Mortgage Lending: How Competition Pushes Rates Higher, Not Lower
A study finds unexpected impact when a disruptive player enters market
To Wall Street, There’s No Crisis Like a Banking Crisis
Tyler Muir finds that neither war nor deep recession darkens investor sentiment like sudden turmoil in the financial system
How Local Governance Came to England’s Economy
Nico Voigtländer found that to combat arbitrary taxes and corruption, merchants persuaded the king to cede control
Quick Quiz — Then Impress Your Friends With These Factoids
Fake Amazon reviews, cultural norms around gender, and stocks held in Robinhood accounts
How Aware Are Companies of Competitors’ Use of Robots and AI?
Also: fake reviews on Amazon; the impact of the LA mansion tax; and the valuable location data your phone collects
Currency Moves and Company Performance
Also, the continuing impact on the Indian economy of long-ago British rule, Chinese citizen involvement in local government and fallout from the LA wildfires
Quick Quiz — No Penalty for Guessing
How investors react to volatility, the marshmallow test reconsidered and the role of gender in some career advice
Lack of Urgency Can Undermine a Popular Behavioral Nudge
Encouraging pre-commitment to a future behavior helps people do hard things — but it can backfire
Bringing a Sharper Focus to the Study of the Decline of Investment Diversification
Research measures the impact of global economic factors on returns
We Think Illegal Products Are More Effective
Because they’re harder to get, we assume they’re more potent — and thus preferable over legal ones.