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Dynamic Amnesty Programs

By Sam Kapon

òòò½Íø Review, December 2022

A regulator faces a stream of agents engaged in crimes with stochastic returns. The regulator designs an amnesty program, committing to a time path of punishments for criminals who report their crimes. In an optimal program, time variation in the returns ...

Using Neural Networks to Predict Microspatial Economic Growth

By Arman Khachiyan, Anthony Thomas, Huye Zhou, Gordon Hanson, Alex Cloninger, Tajana Rosing, and Amit K. Khandelwal

òòò½Íø Review: Insights, December 2022

We apply deep learning to daytime satellite imagery to predict changes in income and population at high spatial resolution in US data. For grid cells with lateral dimensions of 1.2 km and 2.4 km (where the average US county has dimension of 51.9 km), our ...

Getting Permission

By Peicong Hu and Joel Sobel

òòò½Íø Review: Insights, December 2022

A manager has access to expert advisers. The manager selects at most one project and can implement it only if one expert provides support. The game in which the manager consults experts simultaneously typically has multiple equilibria, including one in wh...

A Taste of Their Own Medicine: Guideline Adherence and Access to Expertise

By Amy Finkelstein, Petra Persson, Maria Polyakova, and Jesse M. Shapiro

òòò½Íø Review: Insights, December 2022

We use administrative data from Sweden to study adherence to 63 medication-related guidelines. We compare the adherence of patients without personal access to medical expertise to that of patients with access, namely doctors and their close relatives. We ...

Legal Markets

By Gillian K. Hadfield

Journal of Economic Literature, December 2022

The existence of an effective legal system is assumed throughout economic analysis, and yet there has been little study of the economics of legal markets themselves. Research to date has focused narrowly on the economics of markets for lawyers. In this re...

Local Policy Choice: Theory and Empirics

By David R. Agrawal, William H. Hoyt, and John D. Wilson

Journal of Economic Literature, December 2022

This paper critically surveys the growing literature on the policy choices of local governments. First, we identify various reasons for local government policy interactions, including fiscal competition, bidding for firms, yardstick competition, expendi...