A new survey of 745 small businesses shows little change in the size dis- tribution of businesses between 2012 and 2016, except among businesses with 40–74 employees, in a way that is closely related to whether they of- fer health insurance coverage. Using measures of...
A hedonic model featuring quality-quantity tradeoffs reveals a number of surprising market behaviors that can result from price regulations that are imposed on competitive markets for products that have adjustable non-price attributes. Quality need not clear a...
National accounts of economic output and prosperity, such as gross domestic product (GDP) or net domestic product (NDP), offer an incomplete picture of economic well-being. Building on previous work to improve estimates of the levels of economic output, this paper...
