Referrals

By Luis Garicano and Tano Santos

American Economic Review, June 2004

This paper studies the matching of opportunities with talent when costly diagnosis confers an informational advantage to the agent undertaking it. When this agent is underqualified, adverse selection prevents efficient referrals through fixed-price contra...

Incentives and Discrimination

By Eyal Winter

American Economic Review, June 2004

The Macroeconomics of Labor and Credit Market Imperfections

By Etienne Wasmer and Philippe Weil

American Economic Review, September 2004

Credit market imperfections influence the labor market and aggregate economic activity. In turn, macroeconomic factors have an impact on the credit sector. To assess these effects in a tractable general-equilibrium framework, we introduce endogenous searc...

Insurance, Consumption, and Saving: A Dynamic Analysis in Continuous Time

By R.A. Somerville

American Economic Review, September 2004

This paper shows how the demand for non-life insurance interacts with consumption and saving. The analysis is set in continuous time, using the maximum principle. When insurance is actuarially fair, the insurance and consumption decisions are separable. W...

Rational Overoptimism (and Other Biases)

By Eric Van den Steen

American Economic Review, September 2004

Rational agents with differing priors tend to be overoptimistic about their chances of success. In particular, an agent who tries to choose the action that is most likely to succeed, is more likely to choose an action of which he overestimated, rather tha...

Effects of Technology on Incentive Design of Share Contracts

By Priyanka Pandey

American Economic Review, September 2004

Deception: The Role of Consequences

By Uri Gneezy

American Economic Review, March 2005

Parental Child Care in Single-Parent, Cohabiting, and Married-Couple Families: Time-Diary Evidence from the United Kingdom

By Charlene M. Kalenkoski, David C. Ribar, and Leslie S. Stratton

American Economic Review, May 2005

Access to Care, Provider Choice, and the Infant Health Gradient

By Anna Aizer, Adriana Lleras-Muney, and Mark Stabile

American Economic Review, May 2005

The 1918 Influenza Pandemic and Subsequent Health Outcomes: An Analysis of SIPP Data

By Douglas Almond and Bhashkar Mazumder

American Economic Review, May 2005

Is Pay-as-You-Drive Insurance a Better Way to Reduce Gasoline than Gasoline Taxes?

By Ian W. H. Parry

American Economic Review, May 2005

Metropolitan-Specific Estimates of the Price Elasticity of Supply of Housing, and Their Sources

By Richard K. Green, Stephen Malpezzi, and Stephen K. Mayo

American Economic Review, May 2005

Grants versus Loans for Development Banks

By Jeremy Bulow and Kenneth Rogoff

American Economic Review, May 2005

Modeling Bond Yields in Finance and Macroeconomics

By Francis X. Diebold, Monika Piazzesi, and Glenn D. Rudebusch

American Economic Review, May 2005

CBO's Analysis of the Macroeconomic Effects of the President's Budget

By Benjamin R. Page

American Economic Review, May 2005

Report of the Search Committee for the Editor of the AER

American Economic Review, May 2005

Are Two Heads Better Than One? Team versus Individual Play in Signaling Games

By David J. Cooper and John H. Kagel

American Economic Review, June 2005

We compare individuals with two-person teams in signaling game experiments. Teams consistently play more strategically than individuals and generate positive synergies in more difficult games, beating a demanding "truth-wins" norm. The superior performanc...

The Wrong Kind of Transparency

By Andrea Prat

American Economic Review, June 2005

Secrecy and Safety

By Andrew F. Daughety and Jennifer F. Reinganum

American Economic Review, September 2005

We provide a model showing that the use of confidential settlement as a strategy for a firm facing tort litigation leads to lower average safety of products sold than would occur if the firm were committed to openness. A rational risk-neutral consumer's r...

Herd Behavior in a Laboratory Financial Market

By Marco Cipriani and Antonio Guarino

American Economic Review, December 2005

We study herd behavior in a laboratory financial market. Subjects receive private information on the fundamental value of an asset and trade it in sequence with a market maker. The market maker updates the asset price according to the history of trades. T...