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ESSAYS
December 17, 2013
Originally published in Foreign Affairs.
On May 29, 2013, British immigration officers raided the Alternative Tuck Shop, a café just down the road from Oxford University’s economics department, where South Asian and Middle Eastern employees serve tea, scones, and sandwiches. The ...
WORKING PAPERS
July 15, 2013
We argue that in pharmaceutical markets, variation in the arrival time of consumer heterogeneity creates differences between a producer’s ability to extract consumer surplus with preventives and treatments, potentially distorting R&D decisions. If consumers vary only in disease risk, reven...