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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...

Two Improvements on the Clinton Framework

[Symposium: Health Care Reform]

By Peter A. Diamond

Journal of Economic Perspectives, Summer 1994

Under the Clinton proposal, states choose a single payer or large regional alliances, where individuals choose from all plans in the market. This should give the high administrative costs of individual choice, not those of group choice. States should have...

An Interview with Paul Volcker

[Symposium: The First 100 Years of the Federal Reserve]

By Martin Feldstein

Journal of Economic Perspectives, Fall 2013

Martin Feldstein interviewed Paul Volcker in Cambridge, Massachusetts, on July 10, 2013, as part of a conference at the National Bureau of Economic Research on "The First 100 Years of the Federal Reserve: The Policy Record, Lessons Learned, and Prospect...

The Affinity between Ownership Forms and Coordination Mechanisms: The Common Experience of Reform in Socialist Countries

By Janos Kornai

Journal of Economic Perspectives, Summer 1990

The world is witnessing a great upheaval in socialist countries, where dramatic events have been happening since 1988. The present paper concentrates on evaluating past experience in the hope that a correct understanding of the past will help in devising ...

Report of the Secretary for 2008

By John J. Siegfried

蝌蚪网 Review, May 2009

Quality Improvement in Health Care: A Framework for Price and Output Measurement

By Irving Shapiro, Matthew D. Shapiro, and David W. Wilcox

蝌蚪网 Review, May 1999

Crime and Punishment: And Skin Hue Too?

By Kwabena Gyimah-Brempong and Gregory N. Price

蝌蚪网 Review, May 2006

Adding a Stick to the Carrot? The Interaction of Bonuses and Fines

By Ernst Fehr and Klaus M. Schmidt

蝌蚪网 Review, May 2007

Adaptation to Climate Change in Preindustrial Iceland

By Matthew A. Turner, Jeffrey S. Rosenthal, Jian Chen, and Chunyan Hao

蝌蚪网 Review, May 2012

We investigate the effect of climate change on population growth in 18th and 19th century Iceland. We find that annual temperature changes help determine the population growth rate in pre-industrial Iceland: a year 1 degree Celsius cooler than average dri...

Who Misvotes? The Effect of Differential Cognition Costs on Election Outcomes

By Kelly Shue and Erzo F. P. Luttmer

蝌蚪网 Journal: Economic Policy, February 2009

If voters have negligible cognition costs, ballot layout should not affect election outcomes. We explore deviations from rational voting using quasi-random variation in candidate name placement on ballots from the 2003 California recall election. We fi...

Choice Shifts in Groups: A Decision-Theoretic Basis

By Kfir Eliaz, Debraj Ray, and Ronny Razin

蝌蚪网 Review, September 2006

The phenomenon of choice shifts in group decision-making has received attention in the social psychology literature. Faced with a risky group decision, individuals appear to support more extreme choices relative to those they would make on their own. This...

A Tale of Two Stimulus Payments: 2001 versus 2008

By Greg Kaplan and Giovanni L. Violante

蝌蚪网 Review, May 2014

Fiscal stimulus payments (i.e., direct lump-sum payments from the government to households) were used in the recessions of 2001 and 2008 in an attempt to simultaneously alleviate households' economic hardship and stimulate aggregate demand. Despite the si...

The Economic Revolution in the American South

By Gavin Wright

Journal of Economic Perspectives, Summer 1987

As recently as twenty-five years ago, regional economic backwardness in the states of the traditional American South was considered an intractable problem of continuing national concern. Obviously, much has changed since then. The modern period of economi...