Efficient Entry in Competing Auctions

By James Albrecht, Pieter A. Gautier, and Susan Vroman

American Economic Review, October 2014

In this paper, we demonstrate the efficiency of seller entry in a model of competing auctions in which we allow for both buyer and seller heterogeneity. This generalizes existing efficiency results in the competitive search literature by simultaneously ...

Sorting through Search and Matching Models in Economics

By Hector Chade, Jan Eeckhout, and Lones Smith

Journal of Economic Literature, June 2017

Toward understanding assortative matching, this is a self-contained introduction to research on search and matching. We first explore the nontransferable and perfectly transferable utility matching paradigms, and then a unifying imperfectly transferable u...

Inflation Expectations, Learning, and Supermarket Prices: Evidence from Survey Experiments

By Alberto Cavallo, Guillermo Cruces, and Ricardo Perez-Truglia

American Economic Journal: Macroeconomics, July 2017

Information frictions play a central role in the formation of household inflation expectations, but there is no consensus about their origins. We address this question with novel evidence from survey experiments. We document two main findings. First, indi...

The Math Gender Gap: The Role of Culture

By Natalia Nollenberger, Núria Rodríguez-Planas, and Almudena Sevilla

American Economic Review, May 2016

This paper investigates the effect of gender-related culture on the math gender gap by analysing math test scores of second-generation immigrants, who are all exposed to a common set of host country laws and institutions. We find that immigrant girls whos...

Information Gatekeepers on the Internet and the Competitiveness of Homogeneous Product Markets

By Michael R. Baye and John Morgan

American Economic Review, June 2001

We examine the equilibrium interaction between a market for price information (controlled by a gatekeeper) and the homogenous product market it serves. The gatekeeper charges fees to firms that advertise prices on its Internet site and to consumers who ac...

Is There a Trade-Off between Inflation and Output Stabilization?

By Alejandro Justiniano, Giorgio E. Primiceri, and Andrea Tambalotti

American Economic Journal: Macroeconomics, April 2013

We find that the answer is no in an estimated DSGE model of the US economy in which exogenous movements in workers' market power are not a major driver of observed economic fluctuations. If they are, the tension between the conflicting stabilization ob...

Limited Insurance within the Household: Evidence from a Field Experiment in Kenya

By Jonathan Robinson

American Economic Journal: Applied Economics, October 2012

In developing countries, unexpected income shocks are common but informal insurance is typically incomplete. An important question is therefore whether risk-sharing within the household is effective. This paper presents results from a field experiment wit...

Policy Watch: The Marriage Penalty

By James Alm, Stacy Dickert-Conlin, and Leslie A. Whittington

Journal of Economic Perspectives, Summer 1999

Many government programs have implicit penalties or subsidies for marriage. For example, many couples pay higher income taxes when married than their combined tax liabilities as single filers, while many other couples receive a marriage subsidy because th...

Replication and Economics Journal Policies

By Jan H. Höffler

American Economic Review, May 2017

Economics journals with reproducibility policies are cited more often than others. For the minority of journals with a mandatory and enforced policy, this is significant when controlling for time and journal effects. To cope with the large variety of soft...

Notes

Journal of Economic Perspectives, Spring 1992

Poverty, Political Freedom, and the Roots of Terrorism

By Alberto Abadie

American Economic Review, May 2006

The Pluralism of Fairness Ideals: An Experimental Approach

By Alexander W. Cappelen, Astri Drange Hole, Erik Ø Sørensen, and Bertil Tungodden

American Economic Review, June 2007

A core question in the contemporary debate on distributive justice is how to understand fairness in situations involving production. Important theories of distributive justice, such as strict egalitarianism, liberal egalitarianism, and libertarianism, ...

Who Is (More) Rational?

By Syngjoo Choi, Shachar Kariv, Wieland Müller, and Dan Silverman

American Economic Review, June 2014

Revealed preference theory offers a criterion for decision-making quality: if decisions are high quality then there exists a utility function the choices maximize. We conduct a large-scale experiment to test for consistency with utility maximization. Cons...

Gender Diversity on Corporate Boards: Do Women Contribute Unique Skills?

By Daehyun Kim and Laura T. Starks

American Economic Review, May 2016

We show that gender diversity in corporate boards could improve firm value because of the contributions that women make to the board. Prior studies examine valuation effects of gender-diverse boards and reach mixed conclusions. To help resolve this conund...

Foreword

By Richard Thaler

American Economic Review, May 2015

Reference-Dependent Risk Attitudes

By Botond Kőszegi and Matthew Rabin

American Economic Review, September 2007

We use Koszegi and Rabin's (2006) model of reference-dependent utility, and an extension of it that applies to decisions with delayed consequences, to study preferences over monetary risk. Because our theory equates the reference point with recent prob...

The Margins of Global Sourcing: Theory and Evidence from US Firms

By Pol Antràs, Teresa C. Fort, and Felix Tintelnot

American Economic Review, September 2017

We develop a quantifiable multi-country sourcing model in which firms self-select into importing based on their productivity and country-specific variables. In contrast to canonical export models where firm profits are additively separable across destinat...

When Labor Disputes Bring Cities to a Standstill: The Impact of Public Transit Strikes on Traffic, Accidents, Air Pollution, and Health

By Stefan Bauernschuster, Timo Hener, and Helmut Rainer

American Economic Journal: Economic Policy, February 2017

Many governments have banned strikes in public transportation. Whether this can be justified depends on whether strikes endanger public safety or health. We use time-series and cross-sectional variation in powerful registry data to quantify the effects of...

Parties or Problem Sets: Review Article on How College Works and Paying for the Party

By William R. Johnson

Journal of Economic Literature, March 2017

The potential of Internet-enabled distance learning to transform higher education focuses attention on exactly what residential higher-education institutions do for and to their students. Two recent books marshal detailed quantitative and subjective data ...

Double/Debiased/Neyman Machine Learning of Treatment Effects

By Victor Chernozhukov, Denis Chetverikov, Mert Demirer, Esther Duflo, Christian Hansen, and Whitney Newey

American Economic Review, May 2017

Chernozhukov et al. (2016) provide a generic double/de-biased machine learning (ML) approach for obtaining valid inferential statements about focal parameters, using Neyman-orthogonal scores and cross-fitting, in settings where nuisance parameters are est...