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Book Reviews

Journal of Economic Literature, September 2011

Sticky Wages: Evidence from Quarterly Microeconomic Data

By 贬别谤惫茅 Le Bihan, 闯茅谤茅尘颈 惭辞苍迟辞谤苍猫蝉, and Thomas Heckel

蝌蚪网 Journal: Macroeconomics, July 2012

Using an original micro-dataset from France, we investigate nominal wage stickiness. Nominal wage changes are found to occur at a quarterly frequency of around 38 percent over our sample period, and to be to a large extent staggered across establishments,...

Who Matters in Coordination Problems?

By 闯贸锄蝉别蹿 厂谩办辞惫颈肠蝉 and Jakub Steiner

蝌蚪网 Review, December 2012

Agents face a coordination problem akin to the adoption of a network technology. A principal announces investment subsidies that, at minimal cost, attain a given likelihood of successful coordination. Optimal subsidies target agents who impose high ext...

Book Reviews

Journal of Economic Literature, December 2013

Financial Risk Management: When Does Independence Fail?

By Augustin Landier, David Sraer, and David Thesmar

蝌蚪网 Review, May 2009

School Resources and Student Outcomes: An Overview of the Literature and New Evidence from North and South Carolina

[Symposium: Primary and Secondary Education]

By David Card and Alan B. Krueger

Journal of Economic Perspectives, Fall 1996

This paper reviews and interprets the literature on the effects of school resources on students' eventual earnings and educational attainment. In addition, new evidence is presented on the impact of the great disparity in school resources between black an...

Growth, Adoption, and Use of Mobile E-Commerce

By Liran Einav, Jonathan Levin, Igor Popov, and Neel Sundaresan

蝌蚪网 Review, May 2014

We document some early effects of how mobile devices might change Internet and retail commerce. We present three main findings based on an analysis of eBay's mobile shopping application and core Internet platform. First, early adopters of mobile e-commerc...

Inputs and Impacts in Charter Schools: KIPP Lynn

By Joshua D. Angrist, Susan M. Dynarski, Thomas J. Kane, Parag A. Pathak, and Christopher R. Walters

蝌蚪网 Review, May 2010

Time Is Money: Choosing between Charitable Activities

By Naomi E. Feldman

蝌蚪网 Journal: Economic Policy, February 2010

This paper analyzes the impact of a preferential tax-price for monetary donations on the joint decision to donate time (volunteer) and money. The methodological approach takes into account that consumption of each charitable good affects consumption of...

Climate Change and Birth Weight

By Olivier Deschenes, Michael Greenstone, and Jonathan Guryan

蝌蚪网 Review, May 2009

Household Surveys in Crisis

By Bruce D. Meyer, Wallace K. C. Mok, and James X. Sullivan

Journal of Economic Perspectives, Fall 2015

Household surveys, one of the main innovations in social science research of the last century, are threatened by declining accuracy due to reduced cooperation of respondents. While many indicators of survey quality have steadily declined in recent d...

Surviving the Global Financial Crisis: Foreign Ownership and Establishment Performance

By Laura Alfaro and Maggie Xiaoyang Chen

蝌蚪网 Journal: Economic Policy, August 2012

We examine the differential response of establishments to the recent global financial crisis with particular emphasis on the role of foreign ownership. Using a worldwide establishment panel dataset, we investigate how multinational subsidiaries around the...

Using Selection on Observed Variables to Assess Bias from Unobservables When Evaluating Swan-Ganz Catheterization

By Joseph G. Altonji, Todd E. Elder, and Christopher R. Taber

蝌蚪网 Review, May 2008

The Composition Effect of Consumption around Retirement: Evidence from Singapore

By Sumit Agarwal, Jessica Pan, and Wenlan Qian

蝌蚪网 Review, May 2015

It is well established that consumption is "hump" shaped over an individual's lifecycle, peaking in middle age and then declining in the years that follow. Prior research has documented that consumption declines at retirement, which is inconsistent with t...

Content-Based Agendas and Qualified Majorities in Sequential Voting

By Andreas Kleiner and Benny Moldovanu

蝌蚪网 Review, June 2017

We analyze sequential, binary voting schemes in settings where several privately informed agents have single-peaked preferences over a finite set of alternatives, and we focus on robust equilibria that do not depend on assumptions about the players' belie...

Generalized Systematic Risk

By Ohad Kadan, Fang Liu, and Suying Liu

蝌蚪网 Journal: Microeconomics, May 2016

We generalize the concept of "systematic risk" to a broad class of risk measures potentially accounting for high distribution moments, downside risk, rare disasters, as well as other risk attributes. We offer two different approaches. First is an equil...

The Response of Household Saving to the Large Shock of German Reunification

By Nicola Fuchs-Schundeln

蝌蚪网 Review, December 2008

German reunification was a large, unexpected shock for East Germans. Exploiting German reunification as a natural experiment, I analyze the validity of the life-cycle consumption model. I derive three stylized features concerning the saving behavior of...

Exclusive Dealing and Entry, When Buyers Compete: Comment

By Julian Wright

蝌蚪网 Review, June 2009

In a recent paper, Chiara Fumagalli and Massimo Motta (2006) challenge the idea that an incumbent can foreclose efficient entry in the face of scale economies by using exclusive contracts. They claim that inefficient exclusion does not arise when buyers a...

Cooperative Investments and the Value of Contracting

By Yeon-Koo Che and Donald B. Hausch

蝌蚪网 Review, March 1999

Recent articles have shown that contracts can support the efficient outcome for bilateral trade even in the face of specific investments and incomplete contracting. These studies typically considered 'selfish' investments that benefit the investor (e.g., ...

The Role of Information in Medical Markets: An Analysis of Publicly Reported Outcomes in Cardiac Surgery

By David M. Cutler, Robert S. Huckman, and Mary Beth Landrum

蝌蚪网 Review, May 2004