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We study the effect of legal constraints in an environment in which agents face demand shocks they would like to smooth but also have weakness of will: agents' long and short run preferences are misaligned. Some agents are sophisticatedthey know they will make inconsistent intertemporal...
Youth curfew ordinances are a widely touted, yet little studied, policy tool available to local police departments. This paper evaluates the effectiveness of curfew ordinances by comparing the arrest behavior of various age groups within a city before and after curfew enactment. The evidence...
We examine the extent to which Canadian firms complied with domestic corporate governance best practice guidelines and U.S. corporate governance law including the Sarbanes-Oxley Act. We ask whether voluntary compliance under both regimes occurred and whether cross-listing status and ownership...
We investigate the conditions for the desirability of exclusive intellectual property rights for innovators as opposed to weak rights, allowing for some degree of imitation and ex post competition. The comparison between the two alternatives reduces to a specific ratio test, which suggests that...
As a result of Title IX, there has been a large increase in participation of women in college sports, while mens participation has remained roughly constant. We model the resource allocation decision across sports before and after Title IX was imposed. If the number of sports is held constant,...
The relationship between crime and immigration has been a matter of controversy in the United States and around the world. This paper investigates empirically the case of Spain. From 1999 to 2009, Spain had a large wave of immigration from different areas of the globe. At the same time, crime...
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