Tax and Occupancy of Business Properties: Evidence from UK Business Rate Reliefs

By Ben Lockwood, Martin Simmler, and Eddy H. F. Tam

American Economic Journal: Economic Policy, August 2026

We study how UK property tax rates impact commercial vacancies and rents, using new data and exploiting exogenous variations in two major property tax reliefs: small business relief and retail relief. We estimate that both reliefs are effective at achievi...

Attracting and Retaining Highly Effective Educators in Hard-to-Staff Schools

By Andrew Morgan, Minh Nguyen, Eric Hanushek, Ben Ost, and Steven Rivkin

American Economic Journal: Economic Policy, August 2026

Attracting and retaining effective teachers in high-poverty schools remains a persistent challenge. We evaluate the impact of an initiative that offered substantial performance-based compensation to highly effective teachers in the lowest-achieving school...

Alcohol, Labor, and Agriculture

By David M. A. Murphy

American Economic Journal: Economic Policy, August 2026

I evaluate a randomized control trial in rural Kenya in which selected households received cognitive behavioral therapy and medication to reduce alcohol abuse. At 16 months post-intervention, the program decreased the likelihood of positive spot breathaly...

Female Leaders and Intrahousehold Dynamics: Evidence from State Elections in India

By S. Anukriti, Bilge Erten, and Priya Mukherjee

American Economic Journal: Economic Policy, August 2026

We study the impact of women's political representation on the well-being of their female constituents, specifically in the domain of health. Increasing women's political representation leads to greater public provision of reproductive health care service...

Are Building Codes an Effective Adaptation to Wind Risk? Evidence from Remotely Detected Blue Tarps

By David Wolf and Kenji Takeuchi

American Economic Journal: Economic Policy, August 2026

Hurricanes cause significant wind and water damage, yet economic research primarily focuses on the latter due to data limitations. We overcome this problem by analyzing photographs taken after Hurricane Irma (2017 ) to locate blue-tarped homes. Using a re...

Racial and Ethnic Inequality and the China Shock

By Lisa B. Kahn, Lindsay Oldenski, and Geunyong Park

American Economic Journal: Economic Policy, August 2026

Minority workers tend to be disproportionately harmed by negative economic shocks. Indeed, we show that Hispanic populations experienced worse employment losses, relative to Whites, due to import competition from China largely due to lower education level...

Disentangling Probabilistic and Strategic Errors

By Sen Geng and Menglong Guan

American Economic Journal: Microeconomics

In many strategic environments with asymmetric information, systematic decision mistakes can arise from two sources: failures in probabilistic reasoning when updating beliefs and incorrect strategic inference about opponents’ private information or c...

The risk of research

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How do companies weigh the tradeoffs with R&D investment?

Front Matter

American Economic Review, August 2026

Remote Work and City Structure

By Ferdinando Monte, Charly Porcher, and Esteban Rossi-Hansberg

American Economic Review, August 2026

Relative to remote work, working downtown facilitates valuable interactions with other in-office workers but entails commuting costs. The resulting coordination mechanism can lead to multiple stationary equilibria with varying levels of remote work. Tempo...

Professional Motivations in the Public Sector: Evidence from Police Officers

By Aaron Chalfin and Felipe Gonçalves

American Economic Review, August 2026

We study how public sector workers balance their professional motivations with private economic concerns, focusing on police arrests. Arrests made near the end of an officer's shift typically require overtime work, and officers respond by reducing arrest ...

Uncertainty and Change: Survey Evidence of Firms' Subjective Beliefs

By Rüdiger Bachmann, Kai Carstensen, Stefan Lautenbacher, Manuel Menkhoff, and Martin Schneider

American Economic Review, August 2026

This paper studies how managers plan under uncertainty. In a new panel survey of German manufacturing firms, we observe both forecasts of sales growth and a quantitative measure of subjective uncertainty. We show that subjective uncertainty reflects chang...

Energy Transitions in Regulated Markets

By Gautam Gowrisankaran, Ashley Langer, and Mar Reguant

American Economic Review, August 2026

Natural gas has replaced coal as the dominant fuel for US electricity generation. However, utilities in regulated US states have retired coal more slowly than others. We build a structural model of rate-of-return regulation during an energy transition whe...

Merger Effects and Antitrust Enforcement: Evidence from US Consumer Packaged Goods

By Vivek Bhattacharya, Gastón Illanes, and David Stillerman

American Economic Review, August 2026

We document the effects of a comprehensive set of mergers of consumer packaged goods manufacturers on prices, quantities, and product assortment. Across specifications, we find a small average price effect of mergers (−0.5−1.1 percent) but substantial...

Designing Dynamic Reassignment Mechanisms: Evidence from GP Allocation

By Ingrid Huitfeldt, Victoria Marone, and Daniel Waldinger

American Economic Review, August 2026

We study the problem of designing a dynamic reassignment mechanism when agents' preferences over objects change over time. In the context of Norway's system for (re)assigning patients to general practitioners (GPs), we provide direct evidence of misalloca...

Random Utility with Unobservable Alternatives

By Haruki Kono, Kota Saito, and Alec Sandroni

American Economic Review, August 2026

The random utility model (RUM), a cornerstone in economics, is typically studied under the assumption that choice frequencies of all alternatives are observable. In practice, however, some alternatives have unobservable choice frequencies and are commonly...

The Productivity of Professions: Evidence from the Emergency Department

By David Chan and Yiqun Chen

American Economic Review, August 2026

This paper studies the productivity of nurse practitioners (NPs) and physicians, two professions performing overlapping tasks but with starkly different backgrounds, training, and pay. Using quasi-experimental variation in patient assignment to NPs versus...

Additionality and Asymmetric Information in Environmental Markets: Evidence from Conservation Auctions

By Karl M. Aspelund and Anna Russo

American Economic Review, August 2026

Mechanisms that aim to reduce environmental degradation at low cost can be undermined when participants' conservation actions are not marginal to the incentive—or "additional"—as the lowest-cost participants may not be the highest social value. We inv...

Community Engagement and Public Safety: Evidence from Crime Enforcement Targeting Immigrants

By Felipe Gonçalves, Elisa Jácome, and Emily Weisburst

American Economic Review, August 2026

We study the role of victim reporting in the production of public safety. We examine the Secure Communities program, a crime-reduction policy that involved police in detecting unauthorized immigrants and increased deportation fears in immigrant communitie...

Schedule and Pricing

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