Price controls are worse than you think

Markets, diff-in-diff, and "The Missing Intercept" problem

On the meaning of price discrimination

Only through a process do markets become competitive

Federal Reserve Governor Lisa Cook signaled her intention to remain at the central bank in defiance of calls for her resignation by President Donald Trump over allegations of mortgage fraud.

Supply and demand invariably overcome any effort to defy or outsmart them.

Some principles of taxation

Some principles of taxation

The real "cautionary tale" is that the old taxi cartels were bad

Research suggests not.

Economic policy insight #1: A price is a signal wrapped in an incentive.

Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.

I'll take the win for supply and demand. But is it a good policy?

We document the effects of a comprehensive set of US retail mergers. On average, prices increase by 1.5% and quantities decrease by 2.3%, with significant heter

Combining theory and empirics around market dynamics

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

In a disturbing (if unsurprising) trend, Republican FCC and FTC commissioners are deliberately misusing “free speech” rhetoric in an Orwellian attempt to justify government intervention…

The very factors that make tech companies targets are also what make them valuable to consumers.

Matt speaks with Brian Albrecht about how policymakers can think more like economists by emphasizing the role of prices, trade-offs, and unintended consequences in shaping effective policies. Brian an...

And offering some hopefully better ones with medium confidence

Justice’s Google case may finally bring home trustbusting’s irrelevance in today’s economy.

Is the UK failing to build for its future?