The Impact of Bankruptcy on Airline Service Levels

By Severin Borenstein and Nancy L. Rose

American Economic Review, May 2003

The Effects of Environmental Regulation on Technology Diffusion: The Case of Chlorine Manufacturing

By Lori D. Snyder, Nolan H. Miller, and Robert N. Stavins

American Economic Review, May 2003

Report of the Committee on the Status of Women in the Economics Profession

American Economic Review, May 2003

Optimal Pricing Mechanisms with Unknown Demand

By Ilya Segal

American Economic Review, June 2003

The standard profit-maximizing multiunit auction intersects the submitted demand curve with a preset reservation supply curve, which is determined using the distribution from which the buyers' valuations are drawn. However, when this distribution is unkno...

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 ...

A Theory of Defensive Skill-Biased Innovation and Globalization

By Mathias Thoenig and Thierry Verdier

American Economic Review, June 2003

This paper considers a dynamic model of innovations in which firms can endogenously bias the direction of technological change. Both in a North-North and North-South context, we show that, when globalization triggers an increased threat of technological l...

School Choice: A Mechanism Design Approach

By Atila Abdulkadiroğlu and Tayfun Sönmez

American Economic Review, June 2003

A central issue in school choice is the design of a student assignment mechanism. Education literature provides guidance for the design of such mechanisms but does not offer specific mechanisms. The flaws in the existing school choice plans result in appe...

Do Government Grants to Private Charities Crowd Out Giving or Fund-raising?

By James Andreoni and A. Abigail Payne

American Economic Review, June 2003

Economists have long observed that crowding out of government grants to private charities is incomplete. The accepted belief is that givers treat the grants as imperfect substitutes for private giving. We theoretically and empirically investigate a second...

Forward and Backward Intergenerational Goods: Why Is Social Security Good for the Environment?

By Antonio Rangel

American Economic Review, June 2003

This paper studies the ability of nonmarket institutions to invest optimally in forward intergenerational goods (FIGs), such as education and the environment, when agents are selfish or exhibit paternalistic altruism. We show that backward intergeneration...

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...

Verifying the Solution from a Nonlinear Solver: A Case Study

By B. D. McCullough and H. D. Vinod

American Economic Review, June 2003

Simple Menus of Contracts in Cost-Based Procurement and Regulation

By William P. Rogerson

American Economic Review, June 2003

Consequences of Bank Distress During the Great Depression

By Charles W. Calomiris and Joseph R. Mason

American Economic Review, June 2003

Crime, Inequality, and Unemployment

By Kenneth Burdett, Ricardo Lagos, and Randall Wright

American Economic Review, December 2003

Clubs with Entrapment

By Avinash Dixit

American Economic Review, December 2003

Costly Voting

By Tilman Borgers

American Economic Review, March 2004

What are good voting rules if voting is costly? We analyze this question for the case that an electorate chooses among two alternatives. In a symmetric private value model of voting we show that majority voting with voluntary participation Paretodominates...

Do Police Reduce Crime? Estimates Using the Allocation of Police Forces After a Terrorist Attack

By Rafael Di Tella and Ernesto Schargrodsky

American Economic Review, March 2004

An important challenge in the crime literature is to isolate causal effects of police on crime. Following a terrorist attack on the main Jewish center in Buenos Aires, Argentina, in July 1994, all Jewish institutions received police protection. Thus, this...

Asset Prices, Financial Instability, and Monetary Policy

By Charles R. Bean

American Economic Review, May 2004

Serial Default and the "Paradox" of Rich-to-Poor Capital Flows

By Carmen M. Reinhart and Kenneth S. Rogoff

American Economic Review, May 2004

Monetary and Fiscal Remedies for Deflation

By Alan J. Auerbach and Maurice Obstfeld

American Economic Review, May 2004