Correspondence

By Peter J. Boettke

Journal of Economic Perspectives, Spring 1989

Correpondence regarding: Information and the Coase Theorem Anomalies, Parimutel Betting Markets: Racetracks and Lotteries

Auctions and Bidding: A Primer

[Symposium: Auctions]

By Paul Milgrom

Journal of Economic Perspectives, Summer 1989

The "Winner's Curse," is just one of the surprising and puzzling conclusions turned up by modern research into auctions. Another is the theoretical proposition that, for example, a sealed-bid Treasury bill auction in which each buyer pays a price equal to...

How Auctions Work for Wine and Art

[Symposium: Auctions]

By Orley Ashenfelter

Journal of Economic Perspectives, Summer 1989

At the first wine auction I ever attended, I saw the repeal of the law of one price. This empirical surprise led me to begin collecting data on wine auctions, to interview auctioneers, and even to buy a little wine. In the meantime I have also had the opp...

Auctions as an Allocation Mechanism in Academia: The Case of Faculty Offices

[Symposium: Auctions]

By William J. Boyes and Stephen K. Happel

Journal of Economic Perspectives, Summer 1989

A six-story addition to Arizona State University's College of Business was completed in 1983, causing entire departments to be uprooted and relocated. Faculty offices had to be reassigned as a result. What seemed to be a trivial problem, the allocation of...

The Reform of Federal Deposit Insurance

[Symposium: Federal Deposit Insurance]

By Lawrence J. White

Journal of Economic Perspectives, Fall 1989

In early 1989, the system of deposit insurance in the United States was in crisis. The Federal Savings and Loan Insurance Corporation (FSLIC), the U.S. government agency that provided deposit insurance for savings and loan (thrift) institutions, had susta...

Spontaneous Order

[Symposium: Social Norms]

By Robert Sugden

Journal of Economic Perspectives, Fall 1989

In a fishing village on the Yorkshire coast, there used to be an unwritten rule about the gathering of driftwood after a storm. Whoever was first onto a stretch of the shore after high tide was allowed to take whatever he wished without interference from ...

The Benefits of Asymmetric Markets

By Tibor Scitovsky

Journal of Economic Perspectives, Winter 1990

Economists are often so mesmerized by the magic of perfect competition that they neglect or fail to notice other, equally important achievements of the real market economy around us, most of which seem to result from monopoly tempered by competition and c...

Socialist Economics: The Disequilibrium School and the Shortage Economy

By Jozef M. van Brabant

Journal of Economic Perspectives, Spring 1990

This article focuses on the debate between Richard Portes and Janos Kornai as the respective exponents of two interpretations of economic behavior in centrally planned economies: the disequilibrium school, and the theory of the shortage economy. My object...

Retrospectives: Ceteris Paribus

By Joseph Persky

Journal of Economic Perspectives, Spring 1990

In Webster's Dictionary is an example of how to use "ceteris paribus": [S]taple-growing states are, ceteris paribus, more favorable to slave labor than manufacturing states." I suspect it would take a minor treatise to elucidate fully the ceteris paribus ...

Policy Watch: Tax Credits for Low-Income Workers with Children

By C. Eugene Steuerle

Journal of Economic Perspectives, Summer 1990

The most important tax credits available to low-income households with children are the earned income tax credit (EITC), the child tax credit, and the child and dependent care tax credit (hereafter, child-care credit). Only the EITC and the child-care cre...

Correspondence: Human Resources in South Korea

By Semoon Chang

Journal of Economic Perspectives, Summer 1991

The Limits of Trade Policy Reform in Developing Countries

[Symposium: Trade Liberalization and Development]

By Dani Rodrik

Journal of Economic Perspectives, Winter 1992

Trade reform is now raising some new issues. This paper deals with three sets of questions: First, how can trade reform be sustained? Can governments convince business, labor, or consumers that trade reform will be lasting, so as to forestall possible adv...

Notes

Journal of Economic Perspectives, Spring 1993

Front Matter

Journal of Economic Perspectives, Spring 1993

JEL Classification System

Journal of Economic Literature, September 2012

Evidence on the Incidence of Wage Posting, Wage Bargaining, and On-the-Job Search

By Robert E. Hall and Alan B. Krueger

American Economic Journal: Macroeconomics, October 2012

Some workers bargain with prospective employers before accepting a job. Others face a posted wage as a take-it-or-leave-it opportunity. Both modes of wage determination have generated large bodies of research. We surveyed a representative sample of US wor...

Front Matter

American Economic Journal: Applied Economics, October 2012

Who Matters in Coordination Problems?

By József Sákovics and Jakub Steiner

American Economic Review, December 2012

Agents face a coordination problem akin to the adoption of a network technology. A principal announces investment subsidies that, at minimal cost, attain a given likelihood of successful coordination. Optimal subsidies target agents who impose high ext...

Social Learning with Coarse Inference

By Antonio Guarino and Philippe Jehiel

American Economic Journal: Microeconomics, February 2013

We study social learning by boundedly rational agents. Agents take a decision in sequence, after observing their predecessors and a private signal. They are unable to make perfect inferences from their predecessors' decisions: they only understand the r...

Public Transfers and Domestic Violence: The Roles of Private Information and Spousal Control

By Gustavo J. Bobonis, Melissa González-Brenes, and Roberto Castro

American Economic Journal: Economic Policy, February 2013

We study whether transfer programs in which funds are targeted to women decrease the incidence of spousal abuse. We examine the impact of the Mexican Oportunidades program on spousal abuse rates and threats of violence using data from a specialized sur...