Optimal Contracting with Subjective Evaluation

By W. Bentley MacLeod

American Economic Review, March 2003

This paper extends the standard principal-agent model to allow for subjective evaluation. The optimal contract results in more compressed pay relative to the case with verifiable performance measures. Moreover, discrimination against an individual implies...

Corporate Lobbying and Commitment Failure in Capital Taxation

By Nicolas Marceau and Michael Smart

American Economic Review, March 2003

Access to Food and the Biological Standard of Living: Perspectives on the Nutritional Status of Native Americans

By John Komlos

American Economic Review, March 2003

Redistributive Promises and the Adoption of Economic Reform

By Sanjay Jain and Sharun W. Mukand

American Economic Review, March 2003

Speed Limit Policies: The Output Gap and Optimal Monetary Policy

By Carl Walsh

American Economic Review, March 2003

Expert Opinion and Compensation: Evidence from a Musical Competition

By Victor A. Ginsburgh and Jan C. van Ours

American Economic Review, March 2003

Choosing the Wrong Calling Plan? Ignorance and Learning

By Eugenio J. Miravete

American Economic Review, March 2003

Energy, the Stock Market, and the Putty-Clay Investment Model

By Chao Wei

American Economic Review, March 2003

The Mismatch Between Life Insurance Holdings and Financial Vulnerabilities: Evidence from the Health and Retirement Study

By B. Douglas Bernheim, Lorenzo Forni, Jagadeesh Gokhale, and Laurence J. Kotlikoff

American Economic Review, March 2003

Monetary and Nonmonetary Punishment in the Voluntary Contributions Mechanism

By David Masclet, Charles Noussair, Steven Tucker, and Marie-Claire Villeval

American Economic Review, March 2003

Jealousy and Equilibrium Overconsumption

By Bill Dupor and Wen-Fang Liu

American Economic Review, March 2003

Organizational Design and Technology Choice under Intrafirm Bargaining: Reply

By Lars A. Stole and Jeffrey Zwiebel

American Economic Review, March 2003

Globalization and Its Challenges

By Stanley Fischer

American Economic Review, May 2003

The Future of the IMF

By Ricardo J. Caballero

American Economic Review, May 2003

The World Bank of the Future

By Abhijit V. Banerjee and Ruimin He

American Economic Review, May 2003

The Future of the IMF and World Bank: Panel Discussion

By Stanley Fischer, Allan H. Meltzer, Jeffrey D. Sachs, and Nicholas Stern

American Economic Review, May 2003

Trade Structure, Industrial Structure, and International Business Cycles

By Marianne Baxter and Michael A. Kouparitsas

American Economic Review, May 2003

How Does Globalization Affect the Synchronization of Business Cycles?

By M. Ayhan Kose, Eswar S. Prasad, and Marco E. Terrones

American Economic Review, May 2003

Why Has the U.S. Economy Become Less Correlated with the Rest of the World?

By Jonathan Heathcote and Fabrizio Perri

American Economic Review, May 2003

In this paper we do two things. First we document that over the last 40 years the U.S. business cycle has become less synchronized with the cycle in the rest of the world. Second we try to explain why this has happened. We use a general-equilibrium model ...

Sovereign Debt Restructuring: Messy or Messier?

By Anne Krueger

American Economic Review, May 2003