蝌蚪网

Complexity, Flexibility, and the Make-or-Buy Decision

By Steven Tadelis

蝌蚪网 Review, May 2002

The Lens of Contract: Private Ordering

By Oliver E. Williamson

蝌蚪网 Review, May 2002

Can Web Courses Replace the Classroom in Principles of Microeconomics?

By Byron W. Brown and Carl E. Liedholm

蝌蚪网 Review, May 2002

Microeconomic Principles Teaching Tricks

By Daniel S. Hamermesh

蝌蚪网 Review, May 2002

Reconsidering Crucial Concepts in Micro Principles

By Karl E. Case

蝌蚪网 Review, May 2002

The Economic Naturalist: Teaching Introductory Students How to Speak Economics

By Robert H. Frank

蝌蚪网 Review, May 2002

Use It or Lose It: Teaching Literacy in the Economics Principles Course

By W. Lee Hansen, Michael K. Salemi, and John J. Siegfried

蝌蚪网 Review, May 2002

Promoting Economic Literacy: Panel Discussion

蝌蚪网 Review, May 2002

Technological Change, Technological Catch-up, and Capital Deepening: Relative Contributions to Growth and Convergence

By Subodh Kumar and R. Robert Russell

蝌蚪网 Review, June 2002

We decompose labor-productivity growth into components attributable to (1) technological change (shifts in the world production frontier), (2) technological catch-up (movements toward or away from the frontier), and (3) capital accumulation (movement alon...

An Experimental Test of an Optimal Growth Model

By Vivian Lei and Charles N. Noussair

蝌蚪网 Review, June 2002

This paper describes the design and behavior of an experimental economy with the structure of the Ramsey-Cass-Koopmans model of optimal growth. The experiment includes three different implementations of the model: a decentralized implementation with multi...

Tax Reform and Automatic Stabilization

By Thomas J. Kniesner and James P. Ziliak

蝌蚪网 Review, June 2002

An income tax provides implicit insurance by dampening the variability of disposable income and consumption. Using an empirical framework derived from the consumption insurance literature and data from the Panel Study of Income Dynamics we examine the eff...

Reputation and Competition

By Johannes 贬枚谤苍别谤

蝌蚪网 Review, June 2002

This paper shows how competition generates reputation-building behavior in repeated interactions when the product quality observed by consumers is a noisy signal of firms' effort level. There are two types of firms and "good" firms try to distinguish them...

Litigation Costs and Returns to Experience

By Paul Oyer and Scott Schaefer

蝌蚪网 Review, June 2002

We develop a model linking maximum damage awards available to plaintiffs in wrongful termination lawsuits, workers' propensity to sue as a function of experience, and returns to experience. Using Equal Employment Opportunity Commission data on protected-w...

The Household Bankruptcy Decision

By Scott Fay, Erik Hurst, and Michelle J. White

蝌蚪网 Review, June 2002

Auditors' Report/Audited Financial Statements

蝌蚪网 Review, June 2002

The Returns to Entrepreneurial Investment: A Private Equity Premium Puzzle?

By Tobias J. Moskowitz and Annette 痴颈蝉蝉颈苍驳-闯酶谤驳别苍蝉别苍

蝌蚪网 Review, September 2002

We document the return to investing in U.S. nonpublicly traded equity. Entrepreneurial investment is extremely concentrated, yet despite its poor diversification, we find that the returns to private equity are no higher than the returns to public equity. ...

Managing Dynamic Competition

By Tracy R. Lewis and Huseyin Yildirim

蝌蚪网 Review, September 2002

In many important high-technology markets, including software development, data processing, communications, aeronautics, and defense, suppliers learn through experience how to provide better service at lower cost. This paper examines how a buyer designs d...

Rigidity, Discretion, and the Costs of Writing Contracts

By Pierpaolo Battigalli and Giovanni Maggi

蝌蚪网 Review, September 2002

In this paper we model contract incompleteness "from the ground up," as arising endogenously from the costs of describing the environment and the parties' behavior. Optimal contracts may exhibit two forms of incompleteness: discretion, meaning that the co...

Contractual Structure and Wealth Accumulation

By Dilip Mookherjee and Debraj Ray

蝌蚪网 Review, September 2002

Can historical wealth distributions affect long-run output and inequality despite "rational" saving, convex technology and no externalities? We consider a model of equilibrium short-period financial contracts, where poor agents face credit constraints owi...

Rating Banks: Risk and Uncertainty in an Opaque Industry

By Donald P. Morgan

蝌蚪网 Review, September 2002

The pattern of disagreement between bond raters suggests that banks and insurance firms are inherently more opaque than other types of firms. Moody's and S&P split more often over these financial intermediaries, and the splits are more lopsided, as th...