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Abstract: Using a newly-created measure of technology novelty, this paper identifies periods with and without technology breakthroughs from the 1980s to the 2020s in the US. It is found that market concentration decreases at the advent of revolutionary technologies.

Abstract: Using firm-level data from the US Census Longitudinal Business Database (LBD), this paper exhibits novel evidence about a wave of specialization experienced by US firms in the 1980s and 1990s.

Abstract: Many countries vary in their regulations regarding premarital health examinations, which is a form of information disclosure. To examine how premarital health examinations aect marriage quality and children’s health, we exploit a policy shock in China that changes premarital health examinations from mandatory to voluntary.

Abstract: An information-based model is developed where traditional and digital advertising finance the provision of free media goods and a affect price competition. Digital advertising is directed toward consumers while traditional advertising is undirected.

We estimate the effects of spousal labor supply on individuals’ labor supply by using the 1994-1995 initiation of China’s …

We find that the increased supply of college graduates resulting from college enrollment expansion in China increases college premiums …