Faculty Spotlight

Professor Christopher Snyder named editor of the Journal of Law and Economics

The Journal of Law and Economics is an academic journal published by the University of Chicago Press. It publishes articles on the economic analysis of regulation and the behavior of regulated firms, the political economy of legislation and legislative processes, law and finance, corporate finance and governance, and industrial organization. The journal is sponsored by the University of Chicago Law School.

Professor Snyder's research focuses on Industrial Organization, Microeconomic Theory and Law and Economics. His recent work has focused on healthcare and vaccines and the economics of open access journals, among other things. In addition to teaching undergraduate students, he is a research associate with the NBER in the Law and Economics Program. Snyder also serves as Secretary-Treasurer of the Industrial Organization Society, and as an Associate Editor for the Review of Industrial Organization.

Is the global trade system broken?

On May 9th 2018,  as a featured guest, Professor Nina Pavcnik was invited to The Economist Online Debate Is the global trade system broken?. She provided her perspective of how governments should best help global trade system.

“Before answering how governments should help the losers from free trade, it is important to ask whether governments should help losers from free trade. The argument for it does not have to invoke morality; it can rely on economic principles.

Freer trade raises aggregate living standards in a country, but it generates winners and losers. Those hurt by international trade will likely oppose further liberalisation and call for protectionism, jeopardising the economic benefits of trade to the society as a whole. If governments want support for freer trade -- which is potentially even more important in today’s world of global supply chains -- they need to help those who are left jobless.

Study: DACA increased immigrants’ education, labor force participation, and productivity

Professor Na'ama Shenhav (with Elira Kuka and Kevin Shih)'s working paper “Do Human Capital Decisions Respond to the Returns to Education? Evidence from DACA,” was released in February by the National Bureau of Economic Research. The paper studies the human capital responses of undocumented youth to a salient shock in the returns to schooling provided by the Deferred Action for Childhood Arrivals program (DACA). Tracking the outcomes of undocumented youth before and after DACA, the authors provide compelling evidence that an important share of the gap in the high school graduation, college attendance and teenage pregnancy of undocumented students and their peers is attributable to the uncertain and limited returns to schooling. The study found that the Deferred Action for Childhood Arrivals program under fire by the Trump Administration has significantly changed the lives of young people who came to the United States illegally as children.

Protection For The Steel Industry Is As Old As America

TUESDAY, APRIL 24, 2018, NPR Morning Edition Correspondent John Ydstie speaks with Dartmouth Professor Douglas Irwin about tariffs on imported steel. 

“President Trump's tariffs on imported steel aren't the first time the industry has gotten protection from the U.S. government. Not by a long shot. In fact, tariff protection for the industry — which politicians often say is a vital national interest — goes back to the very beginning of the republic.”  Click here to listen the full show on NPR.

Eric V. Edmonds

Research Interests: Child labor, education, development, demography

Courses Taught: Development Economics (Economics 24), Topics in Development Economics (Economics 44)

Office: 308 Rockefeller Hall

Research Spotlight

“You Get What You Pay For: Transitory Effects of Transitory Schooling Support in a Population Vulnerable to Child Labor” (with M. Shrestha), draft, Oct. 2012.

Background: In 2001, the Child Labor Education Initiative prioritized the promotion of education to combat child labor. Projects include paying school fees or providing living support. However, the US government constrains duration to a maximum of five years, so any support is necessarily short-lived. This study seeks to address two issues: comparing the impact of scholarship and stipend programs in encouraging school enrollment and determining whether transitory monetary transfers persist beyond the period of assistance.

Patricia M. Anderson

Research Interests: Economics of obesity, social insurance, labor markets

Courses Taught: The Price Systems (Economics 01), Econometrics (Economics 20), Labor Economics (Economics 27)

Office: 316 Rockefeller Hall

Research Spotlight

“Is Being in School Better? The Impact of School on Children’s BMI When Starting Age is Endogenous” (with Kristin Butcher, Elizabeth Cascio and Diane Schanzenbach) Journal of Health Economics, Sept. 2011,  vol. 30, no.5, pp. 977 - 986.

Background: Concerns about childhood obesity have spurred debate about school policies, particularly those that make junk food available to students. However, many studies do not address whether attending school per se is deleterious for one’s health. This paper investigates the impact of being in school versus not being in school on body weight and obesity.

Christopher M. Snyder

Research Interests: Industrial organization, microeconomic theory, law and economics

Courses Taught: Microeconomics (Economics 21), Competition and Strategy (Economics 25), Advanced Topics in Microeconomics (Economics 81)

Office: 312A Silsby Hall

Research Spotlight

“Economics Perspectives on the Advance Market Commitment for Pneumococcal Vaccines” (with Wills Begor and Ernst Berndt) Health Affairs, Aug. 2011, vol. 30 no. 8, pp.1508-1517

Background: Pneumococcal disease is the most common vaccine-preventable cause of death for young children worldwide. In order to reduce mortality from this disease, it is important to figure out how to rapidly increase the availability of these vaccines in poor countries. In this paper, the authors consider the economics of a new financing programming known as the “advance market commitment,” which substantially increased the speed of the rollout of second-generation pneumococcal vaccines.

Eric Zitzewitz

Research Interests: Agency problems in financial services, prediction markets

Courses Taught: Topics in Money and Finance (Economics 46)

Office: 304C Silsby Hall

Research Spotlight

“Forensic Economics” Journal of Economics Literature, Sept. 2012, vol. 50 no. 3, pp.731-769

Background: In many aspects of life, people have incentives to conceal their behavior, especially when the behavior in question is unethical or illegal. The field of forensic economics seeks to apply economic and statistical theory in order to detect the existence of “hidden behaviors” to which people will not readily admit. This survey paper provides an overview of the growing field of forensic economics.