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American Economic Review

Vol. 102 No. 1 February 2012

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Title

Abstract

Author

Front Matter (pp. i-ii)

Optimal Interventions in Markets with Adverse Selection

Thomas Philippon and Vasiliki Skreta

(pp. 1-28)

Overcoming Adverse Selection: How Public Intervention Can Restore Market Functioning

Jean Tirole

(pp. 29-59)

Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts

Emmanuel Farhi and Jean Tirole

(pp. 60-93)

New Trade Models, Same Old Gains?

Costas Arkolakis, Arnaud Costinot and Andrés Rodríguez-Clare

(pp. 94-130)

The Environment and Directed Technical Change

Daron Acemoglu, Philippe Aghion, Leonardo Bursztyn and David Hemous

(pp. 131-66)

Americans Do IT Better: US Multinationals and the Productivity Miracle

Nicholas Bloom, Raffaella Sadun and John Van Reenen

(pp. 167-201)

The Value of Information in the Court: Get It Right, Keep It Tight

Matias Iaryczower and Matthew Shum

(pp. 202-37)

Macroeconomic Effects of Financial Shocks

Urban Jermann and Vincenzo Quadrini

(pp. 238-71)

The Effects of Housing Assistance on Labor Supply: Evidence from a Voucher Lottery

Brian A. Jacob and Jens Ludwig

(pp. 272-304)

Standard Setting Committees: Consensus Governance for Shared Technology Platforms

Timothy Simcoe

(pp. 305-36)

A Continuous Dilemma

Daniel Friedman and Ryan Oprea

(pp. 337-63)

Understanding International Prices: Customers as Capital

Lukasz A. Drozd and Jaromir B. Nosal

(pp. 364-95)

Compulsory Licensing: Evidence from the Trading with the Enemy Act

Petra Moser and Alessandra Voena

(pp. 396-427)

Testing Efficient Risk Sharing with Heterogeneous Risk Preferences

Maurizio Mazzocco and Shiv Saini

(pp. 428-68)

A Structural Analysis of Disappointment Aversion in a Real Effort Competition

David Gill and Victoria Prowse

(pp. 469-503)

SHORTER PAPERS

Why Don't We See Poverty Convergence?

Martin Ravallion

(pp. 504-23)

SHORTER PAPERS

Was the New Deal Contractionary?

Gauti B. Eggertsson

(pp. 524-55)

SHORTER PAPERS

The Internet and Local Wages: A Puzzle

Chris Forman, Avi Goldfarb and Shane Greenstein

(pp. 556-75)

SHORTER PAPERS

The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market

Santosh Anagol and Hugh Hoikwang Kim

(pp. 576-93)

SHORTER PAPERS

Contracts versus Salaries in Matching

Federico Echenique

(pp. 594-601)

SHORTER PAPERS

Efficient Pollution Regulation: Getting the Prices Right: Comment

Art Fraas and Randall Lutter

(pp. 602-07)

SHORTER PAPERS

Efficient Pollution Regulation: Getting the Prices Right: Reply

Nicholas Z. Muller and Robert Mendelsohn

(pp. 608-12)

SHORTER PAPERS

Efficient Pollution Regulation: Getting the Prices Right: Corrigendum (Mortality Rate Update)

Nicholas Z. Muller and Robert Mendelsohn

(pp. 613-16)