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Truthful Revelation Mechanisms for Simultaneous Common Agency Games

By Alessandro Pavan and Giacomo Calzolari

蝌蚪网 Journal: Microeconomics, May 2010

We introduce new revelation mechanisms for simultaneous common agency games which, although they do not always permit a complete equilibrium characterization, do facilitate the characterization of the equilibrium outcomes that are typically of interest in...

A Model-Based Evaluation of the Debate on the Size of the Tax Multiplier

By Ryan Chahrour, Stephanie 厂肠丑尘颈迟迟-骋谤辞丑茅, and 惭补谤迟铆苍 Uribe

蝌蚪网 Journal: Economic Policy, May 2012

The SVAR and narrative approaches to estimating tax multipliers deliver significantly different results. The former yields multipliers of about 1 and the latter of about 3. The two approaches differ along two important dimensions: the identification schem...

Anti-Poverty Policy for Families in the Next Century: From Welfare to Work--and Worries

[Symposium: Forecasts for the Future of the Economy]

By David T. Ellwood

Journal of Economic Perspectives, Winter 2000

This paper reveals that recent changes in social policy have included both sharp cutbacks in welfare for non-working families and dramatic increases in supports for low income working families. It explores the reasons for these changes, and documents how ...

Optimal Intermediary Rents

By Josef Schroth

蝌蚪网 Journal: Macroeconomics, January 2016

This paper studies a dynamic production economy with financial intermediation. It is assumed that claims held on intermediaries cannot be fully enforced such that intermediation is subject to intermediary equity requirements. It is shown that competitive ...

Behind the GATE Experiment: Evidence on Effects of and Rationales for Subsidized Entrepreneurship Training

By Robert W. Fairlie, Dean Karlan, and Jonathan Zinman

蝌蚪网 Journal: Economic Policy, May 2015

Theories of market failures and targeting motivate the promotion of entrepreneurship training programs and generate testable predictions regarding heterogeneous treatment effects from such programs. Using a large randomized evaluation in the United States...

Minutes of the Annual Business Meeting: Philadelphia, PA, January 4, 2014

By Peter L. Rousseau

蝌蚪网 Review, May 2014

Subjective Well-Being and Income: Is There Any Evidence of Satiation?

By Betsey Stevenson and Justin Wolfers

蝌蚪网 Review, May 2013

Many scholars have argued that once "basic needs" have been met, further rises in income are not associated with further increases in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of r...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Spring 1988

Seeking the Roots of Entrepreneurship: Insights from Behavioral Economics

[Symposium: Entrepreneurship]

By Thomas Astebro, Holger Herz, Ramana Nanda, and Roberto A. Weber

Journal of Economic Perspectives, Summer 2014

There is a growing body of evidence that many entrepreneurs seem to enter and persist in entrepreneurship despite earning low risk-adjusted returns. This has lead to attempts to provide explanations—using both standard economic theory and behavioral...

Policy Watch: Government Analysis of the Benefits and Costs of Regulation

By Robert W. Hahn

Journal of Economic Perspectives, Fall 1998

Recently, Congress has shown a greater interest in assessing the economic impact of regulation. This interest was driven in part by estimates that federal regulation costs several hundred billion dollars annually. In 1996, Congress required the director o...

Modernizing China's Growth Paradigm

By Eswar S. Prasad and Raghuram G. Rajan

蝌蚪网 Review, May 2006

Trade and Carbon Taxes

By Joshua Elliott, Ian Foster, Samuel Kortum, Todd Munson, Fernando P茅rez Cervantes, and David Weisbach

蝌蚪网 Review, May 2010

The Market Evaluation of Criminality: Evidence from the Auction of British Convict Labor in America, 1767-1775

By Farley Grubb

蝌蚪网 Review, March 2001

Land and Racial Wealth Inequality

By Melinda C. Miller

蝌蚪网 Review, May 2011

Could racial wealth inequality have been reduced if freed slaves had been granted land following the Civil War? This paper exploits a plausibly exogenous variation in policies of the Cherokee Nation and southern United States to identify the impact of fre...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Fall 1994

Retrospectives: Animal Spirits

By Roger Koppl

Journal of Economic Perspectives, Summer 1991

John Maynard Keynes argued that when the conditions for rational action are not present, people are driven by "animal spirits." This article briefly considers Keynes' argument, and the history of the term.

Eight Reasons Why Real versus Nominal Interest Rates Is the Most Important Concept in Macroeconomics Principles Courses

By Peter E. Kennedy

蝌蚪网 Review, May 2000

Did Medicare Induce Pharmaceutical Innovation?

By Daron Acemoglu, David Cutler, Amy Finkelstein, and Joshua Linn

蝌蚪网 Review, May 2006

The Lack of an Empirical Rationale for a Revival of Discretionary Fiscal Policy

By John B. Taylor

蝌蚪网 Review, May 2009

International Data on Measuring Management Practices

By Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur, and John Van Reenen

蝌蚪网 Review, May 2016

We examine methods used to survey firms on their management and organizational practices. We contrast the strengths and weaknesses of "open ended questions" (like the World Management Survey) with "closed questions" (like the MOPS). For this type of data,...