蝌蚪网

Cliometrics and the Nobel

By Claudia Goldin

Journal of Economic Perspectives, Spring 1995

In October 1993, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics to Robert William Fogel and Douglass Cecil North 'for having renewed research in economic history.' The Academy noted that 'they were pioneers in the branch of eco...

Report of the Editor: 蝌蚪网 Journal: Economic Policy

By Alan J. Auerbach

蝌蚪网 Review, May 2010

Enterprise Reform in Chinese Industry

[Symposium: China]

By Gary H. Jefferson and Thomas G. Rawski

Journal of Economic Perspectives, Spring 1994

This paper begins by using a structure-conduct-performance perspective to show that partial reform improved the operation of China's state industries during the 1980s. The authors review the achievements of industries outside the state sector, emphasizing...

Gender Differences in the Labor Market: Impact of IRCA

By Catalina Amuedo-Dorantes, Cynthia Bansak, and Steven Raphael

蝌蚪网 Review, May 2007

Oil and Conflict: What Does the Cross Country Evidence Really Show?

By Anca M. Cotet and Kevin K. Tsui

蝌蚪网 Journal: Macroeconomics, January 2013

This paper re-examines the effect of oil wealth on political violence. Using a unique historical panel dataset of oil discoveries, we show that simply controlling for country fixed effects removes the statistical association between the value of oil re...

Optimal Provision of Multiple Excludable Public Goods

By Hanming Fang and Peter Norman

蝌蚪网 Journal: Microeconomics, November 2010

This paper studies the optimal provision mechanism for multiple excludable public goods. For a class of problems with symmetric goods and binary valuations, we show that the optimal mechanism involves bundling if a regularity condition, akin to a hazard r...

The Effects of Tax Shocks on Output: Not So Large, but Not Small Either

By Roberto Perotti

蝌蚪网 Journal: Economic Policy, May 2012

I argue that, on theoretical grounds, the discretionary component of taxation should be allowed to have different effects than the automatic response of tax revenues to macroeconomic variables. Based on a novel dataset, I show two results. First, response...

Incentives and Student Learning: A Natural Experiment with Economics Problem Sets

By Wayne A. Grove and Tim Wasserman

蝌蚪网 Review, May 2006

Relational Contracts and the Value of Loyalty

By Simon Board

蝌蚪网 Review, December 2011

This paper characterizes the optimal contract for a principal who repeatedly chooses among N potential agents under the threat of holdup. Over time, the principal would like to trade with different agents; however, the possibility of ex-post opportunism a...

Neglected Risks: The Psychology of Financial Crises

By Nicola Gennaioli, Andrei Shleifer, and Robert Vishny

蝌蚪网 Review, May 2015

We model a financial market in which investor beliefs are shaped by representativeness. Investors overreact to a series of good news, because such a series is representative of a good state. A few bad news do not change investor minds because the good sta...

Overconfidence and Diversification

By Yuval Heller

蝌蚪网 Journal: Microeconomics, February 2014

Experimental evidence suggests that people tend to be overconfident in the sense that they overestimate the accuracy of their private information. In this paper, we show that risk-averse principals might prefer overconfident agents in various strategic i...

Credo of a Lucky Textbook Author

By Paul A. Samuelson

Journal of Economic Perspectives, Spring 1997

At war's end, introductory economics textbooks were overdue for a revolutionary advance. Change conspired to tempt the author to bring to the beginning course the rudiments of Keynesian macroeconomics. The impact was explosive. In reaction to criticisms o...

Report: Committee on Government Relations

By Robert Moffitt

蝌蚪网 Review, May 2013

Challenges in Merger Simulation Analysis

By Christopher R. Knittel and Konstantinos Metaxoglou

蝌蚪网 Review, May 2011

In this paper, we share our experience with merger simulations using a Random Coefficient Logit model on the demand side and assuming a static Bertrand game on the supply side. Drawing largely from our work in Knittel and Metaxoglou (2008), we show that d...

Facts and Figures on Intermediated Trade

By Bernardo S. Blum, Sebastian Claro, and Ignatius Horstmann

蝌蚪网 Review, May 2010

A Note on Liquidity Risk Management

By Markus K. Brunnermeier and Motohiro Yogo

蝌蚪网 Review, May 2009

Nobel Laureate Robert E. Lucas, Jr.: Architect of Modern Macroeconomics

By V. V. Chari

Journal of Economic Perspectives, Winter 1998

In 1995, Robert E. Lucas was awarded the Nobel Memorial Prize for Economic Science. This review places Lucas's work in a historical context and evaluates the effect of this work on the economics profession. Lucas's central contribution is that he develope...

Gaming against Managers in Incentive Systems: Experimental Results with Chinese Students and Chinese Managers

By David J. Cooper, John H. Kagel, Wei Lo, and Qing Liang Gu

蝌蚪网 Review, September 1999

We examine strategic interactions between firms and planners in China, comparing behavior between: (i) students and managers with field experience with this situation, (ii) standard versus increased monetary incentives, and (iii) sessions conducted "in co...

Minutes of the Meeting of the Executive Committee: Atlanta, GA, January 2, 2010

By John J. Siegfried

蝌蚪网 Review, May 2010

Do Natural Field Experiments Afford Researchers More or Less Control Than Laboratory Experiments?

By Omar Al-Ubaydli and John A. List

蝌蚪网 Review, May 2015

A commonly held view is that laboratory experiments provide researchers with more "control" than natural field experiments. This paper explores how natural field experiments can provide researchers with more control than laboratory experiments. While labo...