Economics
When Cash Isn’t an Option, Consumers Lose Out
Paper currency is associated with crime and tax avoidance, but low-income consumers often rely on it. New research from Yale SOM’s David Argente puts a figure on how much those consumers forfeit when governments ban cash payments.
Bringing the Economist’s Tool Kit to the Policies that Shape Markets
Katja Seim, the Sharon Oster Professor of Economics and Management, investigates the complex forces behind the infrastructure of everyday life with an aim of enabling data-driven improvement to policy tools and making markets function better.
Is Dynamic Airline Pricing Costing Us?
Prices for airline tickets rise and fall depending on demand. Yale SOM’s Aniko Öry and Kevin Williams investigated whether such pricing makes airlines and customers better off.
R&D Investment Can Have Multiplier Effects—If It’s Made in the Right Industries
A new study co-authored by Prof. Song Ma finds that allocating research funding to certain scientific fields can have long-term ripple effects across sectors and countries.
The End of Noncompete Agreements May Be Near
Earlier this month, the Federal Trade Commission unveiled a proposal that would block companies from limiting their employees’ ability to work for a rival through noncompete agreements. We asked Yale SOM’s Fiona Scott Morton about the ban’s potential impact on wages, innovation, and the economy as a whole.
Will the Fed Keep Raising Rates?
We asked Prof. William English, a former Fed official, to interpret the announcements at the Federal Open Market Committee’s monthly meeting last week.
Can the Inflation Reduction Act Bring Down Drug Prices?
We asked Prof. Fiona Scott Morton, an expert on competition in the healthcare industry, whether the new legislation will make a difference—and what it will take to get drug prices under control.
Do Homebuyers’ Expectations Align with Reality?
People’s predictions of long-term home price growth were wildly optimistic in the early 2000s but have become more cautious since the Great Recession, according to a study co-authored by Robert Shiller of Yale SOM.
Why Making Banking Data Portable Isn’t Always Good for Borrowers
In theory, rules requiring banks to share consumer data with third parties increase competition and help consumers. In practice, it’s not so simple, according to a new study co-authored by Yale SOM’s Jidong Zhou.
The Rise of the Mutual Fund Is Reducing Corporate Competition and Hurting Consumers
Mutual funds have become large shareholders in most public U.S. firms. The resulting overlaps in ownership are boosting corporate profits but harming consumers, according to a new study co-authored by Florian Ederer of Yale SOM.
Real-Time Placement Odds Can Smooth the School Choice Process
Some families going through the school placement process overestimate their chances of getting into their top choices, and fail to match at any school as a result. Warnings about the placement odds at top schools can dramatically reduce non-placements.
