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Investment, Productivity, and Selection in the U.S. Shale Boom
Ryan Kellogg, University of Chicago
Why was the U.S. shale oil and gas revolution so revolutionary? As the U.S. Energy Information Administration quipped in 2024, ``the U.S....
Combining Complements: Theory and Evidence from Cancer Treatment Innovation
Rebekah Dix, Yale University
Innovations often combine several components to achieve outcomes greater than the “sum of the parts.” We argue that such combination...
The Risk Protection Value of Moral Hazard
Victoria Marone, Yale University
Health insurance lowers the out-of-pocket price of healthcare, and it is well-established that this leads to higher utilization of care....
