Faculty had a busy August:
- Knittel on gas prices: they rise fast but they fall slow. The reason may not be what you expect.
- Prof. Carrell shows having bad kids in the classroom creates quite large negative externalities. Here’s the newspaper’s account and here’s the NBER link.
- Rising incomes increases demand for trade which induces innovation that reduces the cost of trade and raises incomes. Wash, rinse, repeat. Governments screw with this process. Prof. Meissner’s evidence.