蝌蚪网

Innovation Diffusion in Heterogeneous Populations: Contagion, Social Influence, and Social Learning

By H. Peyton Young

蝌蚪网 Review, December 2009

New ideas, products, and practices take time to diffuse, a fact that is often attributed to some form of heterogeneity among potential adopters. This paper examines three broad classes of diffusion models -- contagion, social influence, and social lear...

Sibling Rivalry in Africa

By Jonathan Morduch

蝌蚪网 Review, May 2000

An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan

By Maria Marta Ferreyra

蝌蚪网 Journal: Economic Policy, February 2009

In this paper, I develop an empirical framework for the analysis of large-scale policies, and apply it to study the effects of school finance reform on the Detroit metropolitan area. Exploiting school finance reform in Michigan in 1994, I estimate a ge...

Did Credit Rating Agencies Make Unbiased Assumptions on CDOs?

By John M. Griffin and Dragon Yongjun Tang

蝌蚪网 Review, May 2011

We compare key CDO assumptions from two departments within the same rating agency but with different financial incentives. Assumptions made by the ratings division are more favorable than those by the surveillance department. The differences are not expla...

Report of the Editor: 蝌蚪网 Journal: Macroeconomics

By Olivier Blanchard

蝌蚪网 Review, May 2009

Toward a Quantification of the Effects of Microsoft's Conduct

By Chris E. Hall and Robert E. Hall

蝌蚪网 Review, May 2000

Open Access and Dynamic Efficiency

By Tilman Klumpp and Xuejuan Su

蝌蚪网 Journal: Microeconomics, May 2010

In our model, production of a final good requires access to an excludable resource owned by an integrated firm. The quality of the resource depends on an investment by the owner and impacts the downstream demand curve. Under open access, the owner must s...

Professional Forecasters' View of Permanent and Transitory Shocks to GDP

By Spencer D. Krane

蝌蚪网 Journal: Macroeconomics, January 2011

This paper examines how the professional forecasters comprising the Blue Chip Economic Consensus view shocks to GDP. I use an unobserved components model of the forecast revisions to identify forecasters' perceptions of permanent and transitory shocks t...

A Continuous-Time Model of Multilateral Bargaining

By Attila Ambrus and Shih En Lu

蝌蚪网 Journal: Microeconomics, February 2015

We propose a finite-horizon continuous-time framework for coalitional bargaining, in which players can make offers at random discrete times. In our model: (i) expected payoffs in Markov perfect equilibrium (MPE) are unique, generating sharp predictions an...

Macroeconomics for a Modern Economy

By Edmund S. Phelps

蝌蚪网 Review, June 2007

Market Contagion: Evidence from the Panics of 1854 and 1857

By Morgan Kelly and Cormac O Grada

蝌蚪网 Review, December 2000

To test a model of contagion--where individuals hear some bad news and communicate it to their acquaintances, who then pass it on, leading to a market panic--requires a knowledge of the information networks of participants, something hitherto unavailable....

Intrinsic Bubbles: The Case of Stock Prices: Comment

By Lucy F. Ackert and William C. Hunter

蝌蚪网 Review, December 1999

A Preference Regime Model of Bull and Bear Markets

By Stephen Gordon and Pascal St-Amour

蝌蚪网 Review, September 2000

Trends in Multi-authored Papers in Economics

By John Hudson

Journal of Economic Perspectives, Summer 1996

This paper looks at the growth of multiple-authored papers in eight leading economics journals. In 1950, multiple authorship was a relative rarity. By the 1990s, it had become commonplace. An empirical analysis suggests that this growth has not been even ...

Minutes of the Annual Meeting: Atlanta, GA, January 4, 2010

By John J. Siegfried

蝌蚪网 Review, May 2010

Heat Exposure and Youth Migration in Central America and the Caribbean

By Javier Baez, German Caruso, Valerie Mueller, and Chiyu Niu

蝌蚪网 Review, May 2017

We employ a triple difference-in-difference approach, using censuses and georeferenced temperature data, to quantify heat effects on internal migration in Central America and the Caribbean. A 1-standard deviation increase in heat would affect the lives of...

The Greenspan Era: Discretion, Rather than Rules

By Benjamin M. Friedman

蝌蚪网 Review, May 2006

How Much Should Americans Be Saving for Retirement?

By B. Douglas Bernheim, Lorenzo Forni, Jagadeesh Gokhale, and Laurence J. Koltikoff

蝌蚪网 Review, May 2000

Is Wikipedia Biased?

By Shane Greenstein and Feng Zhu

蝌蚪网 Review, May 2012

This study empirically examines whether Wikipedia has a neutral point of view. It develops a method for measuring the slant of 28 thousand articles about US politics. In its earliest years, Wikipedia's political entries lean Democrat on average. The slant...

Symposium on Takeovers

[Symposium: Takeovers]

By Hal R. Varian

Journal of Economic Perspectives, Winter 1988

Of the hundred largest mergers and acquisitions on record up to 1984, 65 occurred between 1981 and 1983, and only 11 occurred prior to 1979. During the 1981-84 period, there were at least 45 transactions of over a billion dollars apiece; prior to this per...