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Antitrust Leniency with Multiproduct Colluders

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

òòò½Íø 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

òòò½Íø 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...

Sticky Wages: Evidence from Quarterly Microeconomic Data

By ±á±ð°ù±¹Ã© Le Bihan, ´³Ã©°ùé³¾¾± ²Ñ´Ç²Ô³Ù´Ç°ù²Ôè²õ, and Thomas Heckel

òòò½Íø 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 ´³Ã³³ú²õ±ð´Ú ³§Ã¡°ì´Ç±¹¾±³¦²õ and Jakub Steiner

òòò½Íø 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...

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...

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...