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Book Reviews

Journal of Economic Literature, December 2012

Submission Fees and Response Times in Academic Publishing

By Christopher Cotton

蝌蚪网 Review, February 2013

Both submission fees and response times enable editors to maintain an acceptable refereeing burden by discouraging the submission of articles with low probability of acceptance. When authors differ in their ability or willingness to pay submission fees an...

Elections, Capital Flows, and Politico-economic Equilibria

By Roberto Chang

蝌蚪网 Review, September 2010

We study an open economy where a pro-labor and a pro-business candidate compete in an election. The winner chooses taxes, which affect investment returns. Electoral outcomes depend on the size of the foreign debt, but the debt itself reflects expectations...

A Quantitative Theory of Information and Unsecured Credit

By Kartik Athreya, Xuan S. Tam, and Eric R. Young

蝌蚪网 Journal: Macroeconomics, July 2012

Important changes have occurred in unsecured credit markets over the past three decades. Most prominently, there have been large increases in aggregate consumer debt, the personal bankruptcy rate, the size of bankruptcies, the dispersion of interest rates...

Transaction Networks: Evidence from Mobile Money in Kenya

By William Jack, Adam Ray, and Tavneet Suri

蝌蚪网 Review, May 2013

Mobile money allows households in Kenya to spread risk more efficiently. In this paper we show that these efficiencies are achieved through deeper financial integration and expanded informal networks. Active networks are more geographically dispersed and ...

In Honor of Nobel Laureate, Franco Modigliani

By Robert C. Merton

Journal of Economic Perspectives, Fall 1987

When Gary Becker asked me to introduce Franco Modigliani on this occasion celebrating Franco's Nobel Prize, he noted that, by tradition, the honoree does not speak. It is the introducer who speaks, devoting 30 minutes or so to the laureate's chief contrib...

Partnerships versus Corporations: Moral Hazard, Sorting, and Ownership Structure

By Ayca Kaya and Galina Vereshchagina

蝌蚪网 Review, January 2014

Team production takes advantage of technological complementarities but comes with the cost of free-ridership. When workers differ in skills, the choice of sorting pattern may be associated with a nontrivial trade-off between exploiting the technologica...

Returning to the Returns to Computer Use

By Sabrina Wulff Pabilonia and Cindy Zoghi

蝌蚪网 Review, May 2005

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Fall 2007

Nineteenth-Century American Feminist Economics: From Caroline Dall to Charlotte Perkins Gilman

By Robert W. Dimand

蝌蚪网 Review, May 2000

Coalition Formation in a Legislative Voting Game

By Nels Christiansen, Sotiris Georganas, and John H. Kagel

蝌蚪网 Journal: Microeconomics, February 2014

We experimentally investigate the Jackson and Moselle (2002) model where legislators bargain over policy proposals and the allocation of private goods. Key comparative static predictions of the model hold with the introduction of private goods, including...

On the Simple Economics of Advertising, Marketing, and Product Design

By Justin P. Johnson and David P. Myatt

蝌蚪网 Review, June 2006

We propose a framework for analyzing transformations of demand. Such transformations frequently stem from changes in the dispersion of consumers' valuations, which lead to rotations of the demand curve. In many settings, profits are a U-shaped function...

Report of the Committee on the Status of Women in the Economics Profession 2010

By Barbara M. Fraumeni

蝌蚪网 Review, May 2011

Bounding the Labor Supply Responses to a Randomized Welfare Experiment: A Revealed Preference Approach

By Patrick Kline and Melissa Tartari

蝌蚪网 Review, April 2016

We study the short-term impact of Connecticut's Jobs First welfare reform experiment on women's labor supply and welfare participation decisions. A nonparametric optimizing model is shown to restrict the set of counterfactual choices compatible with ea...

The Income and Tax Share of Very High-Income Households, 1960-1995

By Daniel R. Feenberg and James M. Poterba

蝌蚪网 Review, May 2000

Behavioral Equilibrium in Economies with Adverse Selection

By Ignacio Esponda

蝌蚪网 Review, September 2008

I propose a new solution concept—behavioral equilibrium—to study environments with players who are naive, in the sense that they fail to account for the informational content of other players' actions. I apply the framework to certain adver...

Search, Liquidity, and the Dynamics of House Prices and Construction: Corrigendum

By Allen Head, Huw Lloyd-Ellis, and Hongfei Sun

蝌蚪网 Review, April 2016

Antitrust Leniency with Multiproduct Colluders

By Leslie M. Marx, Claudio Mezzetti, and Robert C. Marshall

蝌蚪网 Journal: Microeconomics, August 2015

We use a global games approach to model alternative implementations of an antitrust leniency program as applied to multiproduct colluders. We derive several policy design lessons; e.g., we show that it is possible that linking leniency across products inc...

Moving Up the Energy Ladder: The Effect of an Increase in Economic Well-Being on the Fuel Consumption Choices of the Poor in India

By Rema Hanna and Paulina Oliva

蝌蚪网 Review, May 2015

Rising household wealth may potentially impact both total fuel consumption and fuel-type composition, resulting in significant health and environmental implications. Using data from a field experiment in India, we explore the effects of a transfer program...

Policy Burdens, Accountability, and the Soft Budget Constraint

By Justin Yifu Lin and Guofu Tan

蝌蚪网 Review, May 1999