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The Economics of Online Crime

[Symposium: Internet Economics]

By Tyler Moore, Richard Clayton, and Ross Anderson

Journal of Economic Perspectives, Summer 2009

This paper will focus on online crime, which has taken off as a serious industry since about 2004. Until then, much of the online nuisance came from amateur hackers who defaced websites and wrote malicious software in pursuit of bragging rights. But now c...

The Strategy of Manipulating Conflict

By Sandeep Baliga and Tomas ³§Âáö²õ³Ù°ùö³¾

òòò½Íø Review, October 2012

Two players choose hawkish or dovish actions in a conflict game with incomplete information. An "extremist," who can either be a hawk or a dove, attempts to manipulate decision making. If actions are strategic complements, a hawkish extremist increases th...

Optimal Project Selection Mechanisms

By Talia Bar and Sidartha Gordon

òòò½Íø Journal: Microeconomics, August 2014

We study mechanisms for selecting up to m out of n projects. Project managers' private information on quality is elicited through transfers. Under limited liability, the optimal mechanism selects projects that maximize some function of the project's obser...

The Evolution of Medical Spending Risk

[Symposium: Household Risks]

By Jonathan Gruber and Helen Levy

Journal of Economic Perspectives, Fall 2009

How has the economic risk of health spending changed over time for U.S. households? We describe trends in aggregate health spending in the United States and how private insurance markets and public insurance programs have changed over time. We then presen...

Pay for Percentile

By Gadi Barlevy and Derek Neal

òòò½Íø Review, August 2012

We propose an incentive scheme for educators that links compensation to the ranks of their students within comparison sets. Under certain conditions, this scheme induces teachers to allocate socially optimal levels of effort. Moreover, because this scheme...

In Defense of the NSF Economics Program

[Symposium: NSF Funding for Economists]

By Robert A. Moffitt

Journal of Economic Perspectives, Summer 2016

The NSF Economics program funds basic research in economics across all its disparate fields. Its budget has experienced a long period of stagnation and decline, with its real value in 2013 below that in 1980 and having declined by 50 percent as a percent ...