蝌蚪网

Report of the Editor: 蝌蚪网 Journal: Microeconomics

By Andrew Postlewaite

蝌蚪网 Review, May 2011

Fiscal Policy and the Great Recession in the Euro Area

By 骋眉苍迟别谤 Coenen, Roland Straub, and Mathias Trabandt

蝌蚪网 Review, May 2012

How much did fiscal policy contribute to euro area real GDP growth during the Great Recession? We estimate that discretionary fiscal measures have increased annualized quarterly real GDP growth during the crisis by up to 1.6 percentage points. We obtain o...

Expectation Damages, Divisible Contracts, and Bilateral Investment

By Susanne Ohlendorf

蝌蚪网 Review, September 2009

This paper examines the efficiency of expectation damages as a breach remedy in a bilateral trade setting with renegotiation and relationship-specific investment by the buyer and the seller. As demonstrated by Edlin and Reichelstein (1996), no contract th...

Bequest and Wealth Accumulation: Are Some Pieces of the Puzzle Missing?

By Denis Kessler and Andre Masson

Journal of Economic Perspectives, Summer 1989

The lively debate between Laurence J. Kotlikoff and Franco Modigliani presented in the Spring 1988 issue of this journal concerns an old question: what is the main motivation for saving and therefore for the accumulation of wealth? More specifically, what...

Doubts About the McKinnon Standard

By Rudiger Dornbusch

Journal of Economic Perspectives, Winter 1988

[This paper responds to "Monetary and Exchange Rate Policies for International Financial Stability: A Proposal," by Ronald I. McKinnon, in this same issue.] For over ten years, Ronald McKinnon has advocated a new monetary system centered on fixed exchange...

The Credit Crisis: Conjectures about Causes and Remedies

By Douglas W. Diamond and Raghuram G. Rajan

蝌蚪网 Review, May 2009

Retrospectives: Consumer Sovereignty

By Joseph Persky

Journal of Economic Perspectives, Winter 1993

The term "consumer sovereignty" is usually traced to William Harold Hutt and his 1936 book Economists and the Public: A Study of Competition and Opinion. Hutt paid only passing attention to the maximization of consumer welfare or the achievement of market...

A Comment on the Economics of Labor Adjustment: Mind the Gap: Rejoinder

By Russell Cooper and Jonathan L. Willis

蝌蚪网 Review, September 2004

Why Dowries?

By Maristella Botticini and Aloysius Siow

蝌蚪网 Review, September 2003

Understanding Ethnic Identity in Africa: Evidence from the Implicit Association Test (IAT)

By Sara Lowes, Nathan Nunn, James A. Robinson, and Jonathan Weigel

蝌蚪网 Review, May 2015

We use a variant of the Implicit Association Test (IAT) to examine individuals' implicit attitudes towards various ethnic groups. Using a population from the Democratic Republic of Congo, we find that the IAT measures show evidence of an implicit bias ...

The Market for New Ph. D. Economists in 2002

By John J. Siegfried and Wendy A. Stock

蝌蚪网 Review, May 2004

Team versus Individual Play in Finitely Repeated Prisoner Dilemma Games

By John H. Kagel and Peter McGee

蝌蚪网 Journal: Microeconomics, May 2016

In finitely repeated prisoner dilemma games, two-person teams start with significantly less cooperation than individuals, consistent with results from the psychology literature. This quickly gives way to teams cooperating more than individuals. Team di...

A Change Would Do You Good .... An Experimental Study on How to Overcome Coordination Failure in Organizations

By Jordi Brandts and David J. Cooper

蝌蚪网 Review, June 2006

We study how financial incentives can be used to overcome a history of coordination failure using controlled laboratory experiments. Subjects' payoffs depend on coordinating at high effort levels. In an initial phase, the benefits of coordination are l...

Completing China's Move to the Market

[Symposium: China]

By Dwight H. Perkins

Journal of Economic Perspectives, Spring 1994

Beginning in late 1978, by luck as much as design, China arrived at a strategy for market-oriented economic reform that combined substantial reform with rapid growth in GDP and exports. The sequencing of reform began with the 'easy to reform' sectors, agr...

Personal Retirement Accounts and Saving

By Emma Aguila

蝌蚪网 Journal: Economic Policy, November 2011

Aging populations are leading countries worldwide to social security reforms. Many countries are moving from pay-as-you-go to personal retirement account (PRA) systems because of their financial sustainability and positive impact on private savings. PRA s...

Was the Monetarist Tradition Invented?

By George S. Tavlas

Journal of Economic Perspectives, Fall 1998

In 1969, Harry Johnson charged that Milton Friedman 'invented' a Chicago oral quantity theory tradition, the idea being that in order to launch a monetarist counter-revolution, Friedman needed to establish a linkage with pre-Keynesian orthodoxy. This pape...

Loss Aversion in Post-Sale Purchases of Consumer Products and Their Substitutes

By Debajyoti Ray, Matthew Shum, and Colin F. Camerer

蝌蚪网 Review, May 2015

This paper considers the measurement of consumer loss aversion in product markets. We introduce a test based on a "substitution effect," focusing on how the end of a sale affects sales not of the good itself, but a substitute good. Such an effect cannot b...

The Bank of Amsterdam and the Leap to Central Bank Money

By Stephen Quinn and William Roberds

蝌蚪网 Review, May 2007

Competitive Framing

By Ran Spiegler

蝌蚪网 Journal: Microeconomics, August 2014

I present a simple framework for modeling two-firm market competition when consumer choice is "frame-dependent", and firms use costless "marketing messages" to influence the consumer's frame. This framework embeds several recent models in the "behavioral ...

A Theory of Brain Drain and Public Funding for Higher Education in the United States

By Felicia Ionescu and Linnea A. Polgreen

蝌蚪网 Review, May 2009