蝌蚪网

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...

Testing Intertemporal Substitution, Implicit Contracts, and Hours Restriction Models of the Labor Market Using Micro Data

By John C. Ham and Kevin T. Reilly

蝌蚪网 Review, September 2002

We present new tests of three theories of the labor market: intertemporal substitution, hours restrictions, and implicit contracts. The intertemporal substitution test we implement is an exclusion test robust to many specification errors and we consistent...

Targeting Nominal Income Growth or Inflation?

By Henrik Jensen

蝌蚪网 Review, September 2002

Within a simple New Keynesian model emphasizing forward-looking behavior of private agents, I evaluate optimal nominal income growth targeting versus optimal inflation targeting. When the economy is mainly subject to shocks that do not involve monetary po...

Geography of the Family

By Kai A. Konrad, Harald 碍眉苍别尘耻苍诲, Kjell Erik Lommerud, and Julio R. Robledo

蝌蚪网 Review, September 2002

We study the residential choice of siblings who are altruistic towards their parents. The firstborn child's location choice influences the behavior of the second-born child and can shift some of the burden of providing care for the parents from one child ...

Longer-Term Effects of Head Start

By Eliana Garces, Duncan Thomas, and Janet Currie

蝌蚪网 Review, September 2002

Specially collected data on adults in the Panel Study of Income Dynamics are used to provide evidence on the longer-term effects of Head Start, an early intervention program for poor preschool-age children. Whites who attended Head Start are, relative to ...

Dynamic Inconsistencies: Counterfactual Implications of a Class of Rational-Expectations Models

By Arturo Estrella and Jeffrey C. Fuhrer

蝌蚪网 Review, September 2002

Terror as a Bargaining Instrument: A Case Study of Dowry Violence in Rural India

By Francis Bloch and Vijayendra Rao

蝌蚪网 Review, September 2002

Antidumping Investigations and the Pass-Through of Antidumping Duties and Exchange Rates

By Bruce A. Blonigen and Stephen E. Haynes

蝌蚪网 Review, September 2002

Revisiting Kindness and Confusion in Public Goods Experiments

By Daniel Houser and Robert Kurzban

蝌蚪网 Review, September 2002

Implementing the Efficient Allocation of Pollution

By John Duggan and Joanne Roberts

蝌蚪网 Review, September 2002

The Gains From Self-Ownership and the Expansion of Women's Rights

By Rick Geddes and Dean Lueck

蝌蚪网 Review, September 2002

Last-Minute Bidding and the Rules for Ending Second-Price Auctions: Evidence from eBay and Amazon Auctions on the Internet

By Alvin E. Roth and Axel Ockenfels

蝌蚪网 Review, September 2002

Do Corrupt Governments Receive Less Foreign Aid?

By Alberto Alesina and Beatrice Weder

蝌蚪网 Review, September 2002

JEL Classification System

Journal of Economic Literature, September 2006

Traditional Institutions Meet the Modern World: Caste, Gender, and Schooling Choice in a Globalizing Economy

By Kaivan Munshi and Mark Rosenzweig

蝌蚪网 Review, September 2006

This paper addresses the question of how traditional institutions interact with the forces of globalization to shape the economic mobility and welfare of particular groups of individuals in the new economy. We explore the role of one such traditional i...

Testing Mixed-Strategy Equilibria When Players Are Heterogeneous: The Case of Penalty Kicks in Soccer

By P.-A. Chiappori, S. Levitt, and T. Groseclose

蝌蚪网 Review, September 2002