By David S. Evans on December 8, 2014

When he rolls into a gas station to fill his tank, [Jack] doesn’t get out of his car. He punches a few buttons on his cellphone and within seconds he has paid for the fuel. With the same quick keystrokes on his phone, he pays for virtually everything he needs: groceries at the supermarket, a […]

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By Todd Zywicki on November 3, 2014

This was originally published on The Volokh Conspiracy at the Washington Post on November 3, 2014: I have posted a new article on SSRN, The Behavioral Law and Economics of Fixed-Rate Mortgages (and Other Just-So Stories). This is the manuscript version“the article is available in the most recent issue of theSupreme Court Economic Review (Volume […]

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By Todd Zywicki on October 20, 2014

This post first appeared in the Washington Post: I rarely (ok, never) read the New York Times but learned about an editorial today from a caller on the Bob Zadek Show, on which I appeared as a guest. The Times editorial, A Rate Cap for All Consumer Loans isn’t going to change my mind: What […]

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By David S. Evans on October 17, 2014

This volume consists of seven articles on the economics and regulation of interchange fees. All rely on the multi-sided platform framework. The first two chapters examine whether there is a market failure in setting interchange fees and present principles for considering correction to a market failure. One of the themes of these articles is that […]

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By Richard Schmalensee on October 14, 2014

On Monday, the Royal Swedish Academy announced that Jean Tirole has won the 2014 Nobel Prize in Economic Science.  It described him as one of the most influential economists of our time, noted that he has made important contributions in a number of areas, and pointed in particular to his work on how to understand […]

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By David S. Evans on October 7, 2014

This post originally appeared in Pymnts.com. The Bitcoin exchange rate gets a lot of attention. Look at all the stories today over the fact that the exchange rate dipped below $300 on October 5, 2014 for the first time in 11 months, reaching $288.82 and down $869.51 from its all time high of $1158.33 on […]

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