Asymmetric Information, Adverse Selection and Online Disclosure: The Case of eBay Motors

By Gregory Lewis

American Economic Review, June 2011

Since Akerlof (1970), economists have understood the adverse selection problem that information asymmetries can create in used goods markets. The remarkable growth in online used goods auctions thus poses a puzzle. Part of the solution is that sellers vol...

Ambiguity Models and the Machina Paradoxes

By Aurélien Baillon, Olivier L'Haridon, and Laetitia Placido

American Economic Review, June 2011

Machina (2009) introduced two examples that falsify Choquet expected utility, presently one of the most popular models of ambiguity. This article shows that Machina's examples falsify not only the model mentioned, but also four other popular models for am...

Returns to Education: Evidence from UK Twins: Comment

By Vikesh Amin

American Economic Review, June 2011

In an article published in the American Economic Review, Dorothe Bonjour et al. (2003) used a dataset on female monozygotic twins and showed that the within-twin estimated return to one year of education was 7.7 percent and statistically significant at t...

Front Matter

American Economic Journal: Macroeconomics, October 2011

Front Matter

American Economic Journal: Economic Policy, May 2012

Notes

Journal of Economic Perspectives, Summer 1989

Front Matter

Journal of Economic Perspectives, Summer 1989

On Testing for Speculative Bubbles

[Symposium: Bubbles]

By Robert P. Flood and Robert J. Hodrick

Journal of Economic Perspectives, Spring 1990

The possibility that movements in prices could be due to the self-fulfilling prophecies of market participants has long intrigued observers of free markets. This paper surveys the current state of the empirically-oriented literature concerning rational dy...

Correspondence

By Richard R. Brief

Journal of Economic Perspectives, Summer 1990

Correspondence regarding: An Accountant among Economist: Conservations with Sir J. R. Hicks "Spontaneous Order" and "Social Norms and Economic Theory"

Notes

Journal of Economic Perspectives, Summer 1990

Symposium on the Economic Status of African-Americans

[Symposium: The Economic Status of African-Americans]

By Henry J. Aaron

Journal of Economic Perspectives, Fall 1990

The purpose of this symposium is to explore a number of controversial issues that divide economists and remain relevant to current debates on public policy. The central questions explored in these papers concern the economic progress of American blacks: W...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Fall 1990

Distinguished Fellow: Honoring Roy Radner

By Frank Hahn

Journal of Economic Perspectives, Winter 1992

Roy Radner has been elected a Distinguished Fellow of the American Economic Association. To illustrate the Radner style, I have chosen the example of his turnpike theorem, even though this is not quite illustrative of his central concerns. I shall follow ...

Front Matter

Journal of Economic Perspectives, Winter 1992

How Costly Is Protectionism?

By Robert C. Feenstra

Journal of Economic Perspectives, Summer 1992

How costly is protectionism? This paper begins from a U.S. perspective, examining the costs to both the U.S. and other countries from U.S. protectionism. It emphasizes that substantial costs are imposed on foreign countries by U.S. protectionism. These co...

Can Mobile Phones Improve Learning? Evidence from a Field Experiment in Niger

By Jenny C. Aker, Christopher Ksoll, and Travis J. Lybbert

American Economic Journal: Applied Economics, October 2012

The returns to educational investments hinge on whether such investments can improve the quality and persistence of educational gains. We report the results from a randomized evaluation of an adult education program in Niger, in which some students learne...

Reset Price Inflation and the Impact of Monetary Policy Shocks

By Mark Bils, Peter J. Klenow, and Benjamin A. Malin

American Economic Review, October 2012

Many business cycle models use a flat short-run Phillips curve, due to time-dependent pricing and strategic complementarities, to explain fluctuations in real output. But, in doing so, these models predict unrealistically high persistence and stability of...

Physician Agency and Adoption of Generic Pharmaceuticals

By Toshiaki Iizuka

American Economic Review, October 2012

I examine physician agency in health care services in the context of the choice between brand-name and generic pharmaceuticals. I examine micro-panel data from Japan, where physicians can legally make profits by prescribing and dispensing drugs. The resul...

The Strategy of Manipulating Conflict

By Sandeep Baliga and Tomas Sjöström

American Economic Review, October 2012

Two players choose hawkish or dovish actions in a conflict game with incomplete information. An "extremist," who can either be a hawk or a dove, attempts to manipulate decision making. If actions are strategic complements, a hawkish extremist increases th...

Retrospectives: Irving Fisher's Appreciation and Interest (1896) and the Fisher Relation

By Robert W. Dimand and Rebeca Gomez Betancourt

Journal of Economic Perspectives, Fall 2012

Irving Fisher's monograph Appreciation and Interest (1896) proposed his famous equation showing expected inflation as the difference between nominal interest and real interest rates. In addition, he drew attention to insightful remarks and numerical examp...