Podcast Oct 1, 2024

What Can the North Dakota Railroad War of 1905 Tell Us About Regulating Modern Monopolies?

Tess Vigeland and Chad Syverson
When the Soo Line threatened to expand into the Great Northern Railway’s territory in 1905, the two companies entered a...
Topics: Industrial Organization
Research Briefs·May 1, 2024

Access to Credit Reduces the Value of Insurance

Sonia Jaffe, Anup Malani, and Julian Reif
Insurance is less valuable when people can also smooth their spending using loans. Access to a five-year loan decreases the...
Topics: Financial Markets
Podcast Apr 30, 2024

Fighting Traffic in Chicago: Lower Fares, More Trains, Fewer Buses

Tess Vigeland and Milena Almagro
American cities are overreliant on cars. Policies for reducing this gridlock and pollution range from changing public transit fares or...
Topics: Industrial Organization
Research Briefs·Apr 25, 2024

Location Sorting and Endogenous Amenities: Evidence from Amsterdam

Milena Almagro and Tomás Domínguez-Iino
Different demographic groups tend to prefer different types of amenities, and businesses respond by expanding amenities in neighborhoods with greater...
Topics: Industrial Organization
Research Briefs·Apr 3, 2024

Optimal Urban Transportation Policy: Evidence from Chicago

Milena Almagro, Felipe Barbieri, Juan Camilo Castillo, Nathaniel Hickok, and Tobias Salz
In Chicago, welfare would be increased by charging almost nothing for public transit, increasing the frequency of trains, and lowering...
Topics: Industrial Organization
Research Briefs·Mar 25, 2024

Banks in Space

Ezra Oberfield, Esteban Rossi-Hansberg, Nicholas Trachter, and Derek Wenning
The banking deregulation of the 1980s and 90s provides unique evidence of the way in which banks set up their...
Topics: Financial Markets
Research Briefs·Feb 27, 2024

A Commitment Rule for Insolvency Forum

Anthony J. Casey, Aurelio Gurrea-Martínez, and Robert K. Rasmussen
A new commitment rule regarding forums for international insolvency would not only benefit debtors and creditors, but also society at...
Topics: Financial Markets
Research Briefs·Jan 18, 2024

Refinancing Frictions, Mortgage Pricing and Redistribution

Joseph S. Vavra, David W. Berger, Konstantin Milbradt, and Fabrice Tourre
Homebuyers who refinance their mortgages more often end up paying less in the long run than those who rarely refinance....
Topics: Financial Markets
Research Briefs·Jan 17, 2024

Asset Demand of U.S. Households

Xavier Gabaix, Ralph S. J. Koijen, Federico Mainardi, Sangmin Oh, and Motohiro Yogo
New data on households’ portfolios, including ultra-high-net-worth (UHNW) households, indicate that households play a limited role in stabilizing fluctuations in...
Topics: Financial Markets