蝌蚪网

Strategic Interaction and Networks

By Yann 叠谤补尘辞耻濒濒茅, Rachel Kranton, and Martin D'Amours

蝌蚪网 Review, March 2014

Geography and social links shape economic interactions. In industries, schools, and markets, the entire network determines outcomes. This paper analyzes a large class of games and obtains a striking result. Equilibria depend on a single network measure:...

Passenger Profiling, Imperfect Screening, and Airport Security

By Nicola Persico and Petra E. Todd

蝌蚪网 Review, May 2005

Longevity Expectations and Death: Can People Predict Their Own Demise?

By V. Kerry Smith, Donald H. Taylor, and Frank A. Sloan

蝌蚪网 Review, September 2001

Time Series Analysis, Cointegration, and Applications

By Clive W.J. Granger

蝌蚪网 Review, June 2004

Endogenous Growth Theory: Intellectual Appeal and Empirical Shortcomings

[Symposium: New Growth Theory]

By Howard Pack

Journal of Economic Perspectives, Winter 1994

This paper examines whether the recent theoretical insights stemming from endogenous growth theory have provided a better guide to explaining actual growth experience than the neoclassical model. The paper considers the available empirical evidence on a n...

Wage Subsidies for Microenterprises

By Suresh de Mel, David McKenzie, and Christopher Woodruff

蝌蚪网 Review, May 2010

Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania: Reply

By David Card and Alan B. Krueger

蝌蚪网 Review, December 2000

How High Are Rates of Return to Fertilizer? Evidence from Field Experiments in Kenya

By Esther Duflo, Michael Kremer, and Jonathan Robinson

蝌蚪网 Review, May 2008

Inequality and Markets: Some Implications of Occupational Diversity

By Dilip Mookherjee and Debraj Ray

蝌蚪网 Journal: Microeconomics, November 2010

This paper studies income distribution in an economy with borrowing constraints. Parents leave both financial and educational bequests; these determine the occupational choices of children. Occupational returns are determined by market conditions. If the ...

Shocks and Government Beliefs: The Rise and Fall of American Inflation

By Thomas Sargent, Noah Williams, and Tao Zha

蝌蚪网 Review, September 2006

We use a Bayesian Markov Chain Monte Carlo algorithm to estimate the parameters of a 聯true聰 data-generating mechanism and those of a sequence of approximating models that a monetary authority uses to guide its decisions. Gaps between a true expectati...

Speculative Asset Prices

By Robert J. Shiller

蝌蚪网 Review, June 2014

The Record and Prospects of the All-Volunteer Military in the United States

By John T. Warner and Beth J. Asch

Journal of Economic Perspectives, Spring 2001

From the onset of World War II until July 1973, the draft was a fact of life for male youth in the United States. Since then, America's armed forces have been staffed by volunteers. Recent recruiting difficulties have precipitated calls from some quarters...

From Today's City to Tomorrow's City: An Empirical Investigation of Urban Land Assembly

By Leah Brooks and Byron Lutz

蝌蚪网 Journal: Economic Policy, August 2016

Because cities are constrained by the boundaries of land ownership, fundamental urban modifications require land delineation changes. We evaluate whether there is enough land assembly--the joining together of two or more parcels of land--to put land to it...

Is Cost-Cutting Evidence of X-Inefficiency?

By Severin Borenstein and Joseph Farrell

蝌蚪网 Review, May 2000

Catastrophe Economics: The National Flood Insurance Program

By Erwann O. Michel-Kerjan

Journal of Economic Perspectives, Fall 2010

Hurricane Betsy, which hit Louisiana September 9, 1965, was one of the most intense, deadly, and costly storms ever to make landfall in the United States: it killed 76 people in Louisiana and caused $1.5 billion in damage—equal to nearly $10 billion...

A Comment on the Economics of Labor Adjustment: Mind the Gap: Reply

By Ricardo J. Caballero and Eduardo M.R.A. Engel

蝌蚪网 Review, September 2004

Family Firms and Labor Relations

By Holger M. Mueller and Thomas Philippon

蝌蚪网 Journal: Macroeconomics, April 2011

This paper examines the relationship between family ownership and the quality of labor relations. We find that family ownership is more prevalent in countries in which labor relations are hostile, consistent with the notion that family firms are particula...

Report of the Secretary

By Peter L. Rousseau

蝌蚪网 Review, May 2014

Incentive Reversal

By Eyal Winter

蝌蚪网 Journal: Microeconomics, August 2009

By incentive reversal we refer to situations in which an increase in rewards for all agents results in fewer agents exerting effort. We show that externalities among peers may give rise to such intriguing situations even when all agents are fully ratio...

Minimum Wages and Firm Profitability

By Mirko Draca, Stephen Machin, and John Van Reenen

蝌蚪网 Journal: Applied Economics, January 2011

We study the impact of minimum wages on firm profitability, exploiting the changes induced by the introduction of a UK national minimum wage in 1999. We use pre-policy information on the distribution of wages to implement a difference-in-differences appro...