Erratum: Macroeconomic Effects of Financial Shocks

By Urban Jermann and Vincenzo Quadrini

American Economic Review, April 2012

Multiproduct Quality Competition: Fighting Brands and Product Line Pruning

By Justin P. Johnson and David P. Myatt

American Economic Review, June 2003

Firms selling multiple quality-differentiated products frequently alter their product lines when a competitor enters the market. We present a model of multiproduct monopoly and duopoly using a general "upgrades" approach that yields a powerful analytical ...

Make Versus Buy in Trucking: Asset Ownership, Job Design, and Information

By George P. Baker and Thomas N. Hubbard

American Economic Review, June 2003

Explaining patterns of asset ownership is a central goal of both organizational economics and industrial organization. We develop a model of asset ownership in trucking, which we test by examining how the adoption of different classes of on-board computer...

Socioeconomic Status and Child Health: Why Is the Relationship Stronger for Older Children?

By Janet Currie and Mark Stabile

American Economic Review, December 2003

Deposit Competition and Financial Fragility: Evidence from the US Banking Sector

By Mark Egan, Ali Hortaçsu, and Gregor Matvos

American Economic Review, January 2017

We develop a structural empirical model of the US banking sector. Insured depositors and run-prone uninsured depositors choose between differentiated banks. Banks compete for deposits and endogenously default. The estimated demand for uninsured deposits d...

The Vulcanization of the Human Brain: A Neural Perspective on Interactions Between Cognition and Emotion

[Symposium: Cognition, Brain Science and Economics]

By Jonathan D. Cohen

Journal of Economic Perspectives, Fall 2005

Emotions may explain inconsistencies in human behavior and forms of behavior that some have deemed irrational, though such behavior may seem more sensible after a discussion of the functions that emotions serve—or may have once served in our evolutionar...

Wage Dispersion in the Search and Matching Model

By Dale T. Mortensen

American Economic Review, May 2010

Front Matter

Journal of Economic Literature, June 2015

Driving under the (Cellular) Influence

By Saurabh Bhargava and Vikram S. Pathania

American Economic Journal: Economic Policy, August 2013

We investigate the causal link between driver cell phone use and crash rates by exploiting a natural experiment induced by the 9 pm price discontinuity that characterizes a majority of recent cellular plans. We first document a 7.2 percent jump in driver ...

Economics in the Former Soviet Union

By Michael Alexeev, Clifford Gaddy, and Jim Leitzel

Journal of Economic Perspectives, Spring 1992

One of the most notable, but least discussed, aspects of the halting attempts during the past six years to reform the economies of the Soviet Union, and now those of its successor states, has been the prominent role played by professional economists. Not ...

Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks

By Karel Mertens and Morten O. Ravn

American Economic Journal: Economic Policy, May 2012

We provide evidence on the dynamic effects of tax liability changes in the United States. We distinguish between surprise and anticipated tax changes. Preannounced but not yet implemented tax cuts give rise to contractions in output, investment, and hours...

Optimal Inflation for the US Economy

By Roberto M. Billi

American Economic Journal: Macroeconomics, July 2011

This paper studies the optimal long-run inflation rate (OIR) in a small New Keynesian model, where the only policy instrument is a short-term nominal interest rate that may occasionally run against a zero lower bound (ZLB). The model allows for worst-case...

Immigrants and Human-Capital Investment

By Harriet Orcutt Duleep and Mark C. Regets

American Economic Review, May 1999

Standard Setting Committees: Consensus Governance for Shared Technology Platforms

By Timothy Simcoe

American Economic Review, February 2012

Voluntary Standard Setting Organizations (SSOs) use a consensus process to create new compatibility standards. Practitioners have suggested that SSOs are increasingly politicized and perhaps incapable of producing timely standards. This article develops a...

Investigating Income Effects in Scanner Data: Do Gasoline Prices Affect Grocery Purchases?

By Dora Gicheva, Justine Hastings, and Sofia Villas-Boas

American Economic Review, May 2010

The Day Care Assignment: A Dynamic Matching Problem

By John Kennes, Daniel Monte, and Norovsambuu Tumennasan

American Economic Journal: Microeconomics, November 2014

We study the problem of centralized allocation of children to public daycare centers, illustrated by the case of Denmark. Our framework applies to problems of dynamic matching in which there is entry and exit of agents over time; for example, the schoo...

Do Employers Use Unemployment as a Sorting Criterion When Hiring? Evidence from a Field Experiment

By Stefan Eriksson and Dan-Olof Rooth

American Economic Review, March 2014

The stigma associated with long-term unemployment spells could create large inefficiencies in labor markets. While the existing literature points toward large stigma effects, it has proven difficult to estimate causal relationships. Using data from a fiel...

Trade, Tastes, and Nutrition in India

By David Atkin

American Economic Review, August 2013

This paper explores the causes and consequences of regional taste differences. I introduce habit formation into a standard general equilibrium model. Household tastes evolve over time to favor foods consumed as a child. Thus, locally abundant foods are...

Electoral Accountability and Corruption: Evidence from the Audits of Local Governments

By Claudio Ferraz and Frederico Finan

American Economic Review, June 2011

We show that political institutions affect corruption levels. We use audit reports in Brazil to construct new measures of political corruption in local governments and test whether electoral accountability affects the corruption practices of incumbent ...

Book Reviews

Journal of Economic Literature, December 2017