Now showing items 1-2 of 2
On the dynamic decision to participate in crime
Our research examines the decision to participate in crime using a dynamic model of individual choice under uncertainty. The motivation for studying this decision in a dynamic framework is twofold. First, it allows us to ...
Carrots and sticks: Enforceable effort and the minimum wage
Rent controls lead not only to a smaller market quantity of rental housing; they also result in a deterioration in the quality of available rental housing. A model of the labor market is presented in which the same kind ...