Rebel radio

[Research Highlight]

June 26, 2020

Can a simple message to come home convince insurgents to leave the battlefield?

Field Experiments and the Practice of Economics

By Abhijit Vinayak Banerjee

American Economic Review, July 2020

Field Experiments and the Practice of Policy

By Esther Duflo

American Economic Review, July 2020

Experimentation, Innovation, and Economics

By Michael Kremer

American Economic Review, July 2020

The experimental method not only helps identify causal relationships, but also provides economists with a rich sense of context, focuses research on specific practical questions, stimulates collaboration with practitioners and specialists from other field...

Front Matter

American Economic Review, July 2020

Incentivized Kidney Exchange

By Tayfun Sönmez, M. Utku Ünver, and M. Bumin Yenmez

American Economic Review, July 2020

Over the last 15 years, kidney exchange has become a mainstream paradigm to increase transplants. However, compatible pairs do not participate, and full benefits from exchange can be realized only if they do. We propose incentivizing compatible pairs to p...

The Competitive Impact of Vertical Integration by Multiproduct Firms

By Fernando Luco and Guillermo Marshall

American Economic Review, July 2020

We study the impact of vertical integration on pricing incentives in multiproduct industries. To do so, we exploit recent variation in vertical structure in the US carbonated-beverage industry. While the elimination of double marginalization with vertical...

Risk Premia and the Real Effects of Money

By Sebastian Di Tella

American Economic Review, July 2020

This paper proposes a flexible-price theory of the role of money in an economy with incomplete idiosyncratic risk sharing. When the risk premium goes up, money provides a safe store of value that prevents interest rates from falling, reducing investment. ...

Relational Contracting, Negotiation, and External Enforcement

By Joel Watson, David A. Miller, and Trond E. Olsen

American Economic Review, July 2020

We study relational contracting and renegotiation in environments with external enforcement of long-term contractual arrangements. A long-term contract governs the stage games that the contracting parties will play in the future (depending on verifiable...

Acquiring Information through Peers

By Bernard Herskovic and João Ramos

American Economic Review, July 2020

We develop an endogenous network formation model, in which agents form connections to acquire information. Our model features complementarity in actions as agents care not only about accuracy of their decision-making but also about the actions of other ag...

Home Values and Firm Behavior

By Saleem Bahaj, Angus Foulis, and Gabor Pinter

American Economic Review, July 2020

The homes of firm owners are an important source of finance for ongoing businesses. We use UK microdata to show that a £1 increase in the value of the homes of a firm's directors increases the firm's investment by £0.03. This effect is concentrated amon...

Best Practices for Economists

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The gender gap in economics

[Research Highlight]

August 30, 2017

Swarthmore’s Amanda Bayer discusses sexism in the profession and what to do about it.

Seeking equity outside academia

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Is the economics profession’s pay gap different when working for the government?

Regulation by Shaming: Deterrence Effects of Publicizing Violations of Workplace Safety and Health Laws

By Matthew S. Johnson

American Economic Review, June 2020

Publicizing firms' socially undesirable actions may enhance firms' incentives to avoid such actions. In 2009, the Occupational Safety and Health Administration (OSHA) began issuing press releases about facilities that violated safety and health regulation...

Regulation by shaming

[Research Highlight]

June 18, 2020

Publicizing safety violations at one company has ripple effects that lead to improvements at other workplaces.

The tyranny of the top five

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Is there too much pressure to publish in the highest-ranked journals?

CSWEP Panel Event - July 7, 2020

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2020 Candidates for Office

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The Fall in Global Fertility: A Quantitative Model

By Tiloka de Silva and Silvana Tenreyro

American Economic Journal: Macroeconomics, July 2020

Over the past six decades, fertility rates have fallen dramatically in most middle- and low-income countries. To analyze these developments, we study a quantitative model of endogenous human capital and fertility choice, augmented to allow for social norm...