Measuring Unilateral Market Power in Wholesale Electricity Markets: The California Market, 1998-2000

By Frank A. Wolak

American Economic Review, May 2003

What Do Bargainers' Preferences Look Like? Experiments with a Convex Ultimatum Game

By James Andreoni, Marco Castillo, and Ragan Petrie

American Economic Review, June 2003

The ultimatum game, by its all-or-nothing nature, makes it difficult to discern what kind of preferences may be generating choices. We explore a game that convexifies the decisions, allowing us a better look at the indifference curves of bargainers while ...

One Size Fits All? Heckscher-Ohlin Specialization in Global Production

By Peter K. Schott

American Economic Review, June 2003

This paper introduces a new technique for testing the Heckscher-Ohlin model that allows for the possibility that countries with sufficiently disparate endowments specialize in unique subsets of goods. Results based upon industry-level data reject one-size...

Relational Incentive Contracts

By Jonathan Levin

American Economic Review, June 2003

Standard incentive theory models provide a rich framework for studying informational problems but assume that contracts can be perfectly enforced. This paper studies the design of self-enforced relational contracts. I show that optimal contracts often can...

Pregnancy and the Demand for Cigarettes

By W. David Bradford

American Economic Review, December 2003

Dynamic Pricing in the Presence of Antidumping Policy: Theory and Evidence

By Bruce A. Blonigen and Jee-Hyeong Park

American Economic Review, March 2004

Antidumping (AD) trade protection policies allow government agencies to recalculate AD duties based on foreign firms' most recent pricing behavior. We examine the resulting dynamic pricing problem of a foreign firm facing such policy. We show that the exp...

Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption

By Martin Lettau and Sydney C. Ludvigson

American Economic Review, March 2004

The Impact of Labor Strikes on Consumer Demand: An Application to Professional Sports

By Martin B. Schmidt and David J. Berri

American Economic Review, March 2004

Policy Options in a Liquidity Trap

By Gauti B. Eggertsson and Michael Woodford

American Economic Review, May 2004

Task-Specific Human Capital

By Robert Gibbons and Michael Waldman

American Economic Review, May 2004

Hospital Transaction Prices and Managed-Care Discounting for Selected Medical Technologies

By Avi Dor, Michael Grossman, and Siran M. Koroukian

American Economic Review, May 2004

Property Rights to Technical Knowledge in Premodern Europe, 1300 -1800

By Stephan R. Epstein

American Economic Review, May 2004

Do We Underestimate the Benefits of Cultural Competition?

By Bryan Caplan and Tyler Cowen

American Economic Review, May 2004

Psychology and the Market

By Edward L. Glaeser

American Economic Review, May 2004

Does Competition Destroy Ethical Behavior?

By Andrei Shleifer

American Economic Review, May 2004

A Behavioral-Economics View of Poverty

By Marianne Bertrand, Sendhil Mullainathan, and Eldar Shafir

American Economic Review, May 2004

Toward National Well-Being Accounts

By Daniel Kahneman, Alan B. Krueger, David Schkade, Norbert Schwarz, and Arthur Stone

American Economic Review, May 2004

Incentives and Discrimination

By Eyal Winter

American Economic Review, June 2004

Aid, Policies, and Growth: Comment

By William Easterly, Ross Levine, and David Roodman

American Economic Review, June 2004

Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach

By Xavier Sala-I-Martin, Gernot Doppelhofer, and Ronald I. Miller

American Economic Review, September 2004

This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It introduces and employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates by averaging OLS coefficient...