Access to credit can affect the quality of healthcare that hospitals deliver, pointing to important spillover effects of credit market frictions on health outcomes, from Cyrus Aghamolla, Pinar Karaca-Mandic, Xuelin Li, and Richard T. Thakor nber.org/papers/w28709

Shedding light on a legal mechanism through which innovative firms may maintain their market power, and its ramifications for innovation and policies Xuelin Li U of SC Economics, Andrew W. Lo MIT Sloan School of Management, Richard Thakor Carlson School of Management ow.ly/ohbd50FR5hc