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Evidence on Discrimination in Consumer Markets

[Symposium: Discrimination in Product, Credit and Labor Markets]

By John Yinger

Journal of Economic Perspectives, Spring 1998

Economists have contributed to the measurement of racial and ethnic discrimination in consumption and to the identification of its causes, especially in housing markets and car sales. To test the hypothesis that discrimination exists, economists have turn...

The Fall of Enron

[Symposium: Enron and Conflict of Interest]

By Paul M. Healy and Krishna G. Palepu

Journal of Economic Perspectives, Spring 2003

The financial reporting and disclosure problems at Enron, as well as the high market valuations for its stock raise troubling questions about the functioning of capital market intermediaries, regulators and governance experts whose are supposed to ensure ...

Corporate Earnings: Facts and Fiction

[Symposium: Enron and Conflict of Interest]

By Baruch Lev

Journal of Economic Perspectives, Spring 2003

Manipulated earnings played a central role in the slew of corporate scandals which surfaced during the last three years. This article focuses on the vulnerability of earnings to manipulation by managers: it surveys the empirical record of manipulation, th...

Contracts Between Art and Commerce

[Symposium: Cultural Economics]

By Richard E. Caves

Journal of Economic Perspectives, Spring 2003

Contract structures used in the arts and entertainment industries are central to understanding their economic organization. The structures spring from common bedrock traits of these industries--pervasive product differentiation, all costs sunk, consumers'...

Some Economics of Ticket Resale

[Symposium: Cultural Economics]

By Pascal Courty

Journal of Economic Perspectives, Spring 2003

A large number of brokers and scalpers resell a significant fraction of event tickets at substantial markups and they manage to do so despite the fact that promoters and ticketing agencies do not support resell for profits and often attempt to block secon...