Consumers lacking information prefer name-brand over store-brand products
When people purchase painkillers for a headache, but also when they buy salt or sugar, they opt for brand-name products, even if there are cheaper store-brand products with the same composition. This can be explained by a ...
Juvenile incarceration yields less schooling, more crime
Teenagers who are incarcerated tend to have substantially worse outcomes later in life than those who avoid serving time for similar offenses, according to a distinctive new study co-authored by an MIT scholar.
Parents' reliance on welfare leads to more welfare use by their children, study finds
If parents rely on welfare, do their children become more likely to follow suit?
New study shows the Euro leading to uniform prices across countries
Economics has a "law of one price," which states that identical goods should, in theory, sell for identical prices—or else markets will even out the differences. Empirical work on the topic, however, has produced little ...
Night-time brilliance lights up political patronage
In some countries, a region that can lay claim to being the birthplace of a country's political leader is likely to get preferential treatment – bias that shines out when the intensity of night lights is compared with that ...
Rethinking investment risk
Financial innovation is supposed to reduce risk—in theory, at least. Yes, new financial instruments based on the housing market helped cause the financial crisis of 2008. But in the abstract, those same instruments have ...
Doctor, doctor: Why the job market for married couples in medicine works well
Since World War II, women have entered the American workforce in greater numbers than ever before. For married couples, this presents a wrinkle, since it can be hard for both partners to find a desirable job in the same locale.
Unique study reduces pollution in India while calling conventional auditing markets into question
The structure of the auditing business appears problematic: Typically, major companies pay auditors to examine their books under the so-called "third-party" audit system. But when an auditing firm's revenues come directly ...
Study challenges notion that umpires call more strikes for pitchers of same race
(Phys.org) —A University of Michigan study challenges previous research that suggests umpire discrimination exists in Major League Baseball.
Medicare auction will face severe difficulties, research shows
Medicare's new method for buying medical supplies and equipment -- everything from wheelchairs and hospital beds to insulin shots and oxygen tanks -- is doomed to face severe difficulties, according to a new study by Caltech ...