Becoming an Effective Bystander in the Profession

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Becoming an Effective Bystander in the Profession Grand Hyatt, Texas Ballroom Salon F Chair: Christina Romer (University of California-Berkeley) Panelists: Susanna Borgelt (Right to Be __________.)

Federal Trade Commission

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Watch Pamela Meyerhofer (FTC)

Government Jobs

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Watch Misty Lee Heggeness

Policy for Papers Conducting Experiments and Collecting Primary Data

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2024 Awards & Presidential Address

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Front Matter

American Economic Review, February 2024

Asset-Based Microfinance for Microenterprises: Evidence from Pakistan

By Faisal Bari ⓡ Kashif Malik ⓡ Muhammad Meki ⓡ Simon Quinn

American Economic Review, February 2024

We run a field experiment offering graduated microcredit clients the opportunity to finance a business asset worth four times their usual borrowing limit. We implement this using a hire-purchase contract; our control group is offered a zero interest loan ...

Gender Differences in Medical Evaluations: Evidence from Randomly Assigned Doctors

By Marika Cabral and Marcus Dillender

American Economic Review, February 2024

Little is known about what drives gender disparities in health care and related social insurance benefits. Using data and variation from the Texas workers' compensation program, we study the impact of gender match between doctors and patients on medical e...

The Nurture of Nature and the Nature of Nurture: How Genes and Investments Interact in the Formation of Skills

By Mikkel Aagaard Houmark, Victor Ronda, and Michael Rosholm

American Economic Review, February 2024

This paper studies the interplay between genetics and family investments in the process of skill formation. We model and estimate the joint evolution of skills and parental investments throughout early childhood. We document three genetic mechanisms: the ...

Old Age Risks, Consumption, and Insurance

By Richard Blundell, Margherita Borella, Jeanne Commault, and Mariacristina De Nardi

American Economic Review, February 2024

In the United States, after age 65, households face income and health risks, and a large fraction of these risks are transitory. While consumption significantly responds to transitory income shocks, out-of-pocket medical expenses do not. In contrast, both...

Pricing Power in Advertising Markets: Theory and Evidence

By Matthew Gentzkow, Jesse M. Shapiro, Frank Yang, and Ali Yurukoglu

American Economic Review, February 2024

Existing theories of media competition imply that advertisers will pay a lower price in equilibrium to reach consumers who multi-home across competing outlets. We generalize and extend this theoretical result and test it using data from television and soc...

Prolonged Learning and Hasty Stopping: The Wald Problem with Ambiguity

By Sarah Auster, Yeon-Koo Che, and Konrad Mierendorff

American Economic Review, February 2024

This paper studies sequential information acquisition by an ambiguity-averse decision-maker (DM), who decides how long to collect information before taking an irreversible action. The agent optimizes against the worst-case belief and updates prior by prio...

Distinguishing Common Ratio Preferences from Common Ratio Effects Using Paired Valuation Tasks

By Christina McGranaghan, Kirby Nielsen, Ted O'Donoghue, Jason Somerville, and Charles D. Sprenger

American Economic Review, February 2024

Without strong assumptions about how noise manifests in choices, we can infer little from existing empirical observations of the common ratio effect (CRE) about whether there exists an underlying common ratio preference (CRP). We propose to solve this inf...

Expanding markets

[Research Highlight]

January 24, 2024

What happens to incumbents when more sellers are added to online platforms?

Smaller Slices of a Growing Pie: The Effects of Entry in Platform Markets

By Oren Reshef

American Economic Journal: Microeconomics, November 2023

Entry of new firms onto a platform has an ambivalent effect on the incumbent firms operating on the platform: the main tension lies between the negative effects of increased competitive pressure and positive indirect network effects. This paper empiricall...

The Immigrant Next Door

By Leonardo Bursztyn, Thomas Chaney, Tarek A. Hassan, and Aakaash Rao

American Economic Review, February 2024

We study how decades-long exposure to individuals of a given foreign descent shapes natives' attitudes and behavior toward that group. Using individualized donations data, we show that long-term exposure to a given foreign ancestry leads to more generous ...

Front Matter

American Economic Journal: Microeconomics, February 2024

Exit Dilemma: The Role of Private Learning on Firm Survival

By Doruk Cetemen and Chiara Margaria

American Economic Journal: Microeconomics, February 2024

We study the exit of duopolists from a stochastically declining market. Firms privately learn about the market conditions from observing the stochastic arrival of customers, while exit decisions are publicly observed. A larger firm is more likely to have ...

Social Connectedness and Information Markets

By Rachel Kranton and David McAdams

American Economic Journal: Microeconomics, February 2024

This paper investigates information quality in a simple model of socially connected information markets. Suppliers' payoffs derive from the fraction of consumers who see their stories. Consumers prefer to share and act only on high-quality information. Qu...