Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Spring 2005

Comments

Journal of Economic Perspectives, Spring 2005

Notes

Journal of Economic Perspectives, Spring 2005

Front Matter

American Economic Review, November 2021

Market Entry, Fighting Brands, and Tacit Collusion: Evidence from the French Mobile Telecommunications Market

By Marc Bourreau, Yutec Sun, and Frank Verboven

American Economic Review, November 2021

We study a major new entry in the French mobile telecommunications market, followed by the introduction of fighting brands by the three incumbents. Using an empirical oligopoly model, we find that the incumbents' fighting brand strategies are difficult to...

Distinguished Lecture on Economics in Government-What We Don't Know Could Hurt Us: Some Reflections on the Measurement of Economic Activity

By Katharine G. Abraham

Journal of Economic Perspectives, Summer 2005

The routine production of U.S. economic statistics dates back to the early part of the twentieth century. But in recent decades, as services output has continued to expand a system of economic statistics that had been designed during the manufacturing era...

Bargaining under the Illusion of Transparency

By Kristóf Madarász

American Economic Review, November 2021

This paper studies bargaining with noncommon priors where the buyer projects and exaggerates the probability that her private information may leak to the seller. Letting the buyer name her price first, raises the seller's payoff above his payoff from post...

Naïve Learning with Uninformed Agents

By Abhijit Banerjee, Emily Breza, Arun G. Chandrasekhar, and Markus Mobius

American Economic Review, November 2021

The DeGroot model has emerged as a credible alternative to the standard Bayesian model for studying learning on networks, offering a natural way to model naïve learning in a complex setting. One unattractive aspect of this model is the assumption that ...

Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing

By Bruno Biais, Johan Hombert, and Pierre-Olivier Weill

American Economic Review, November 2021

Incentive problems make securities' payoffs imperfectly pledgeable, limiting agents' ability to issue liabilities. We analyze the equilibrium consequences of such endogenous incompleteness in a dynamic exchange economy. Because markets are endogenously in...

Venting Out: Exports during a Domestic Slump

By Miguel Almunia, Pol Antràs, David Lopez-Rodriguez, and Eduardo Morales

American Economic Review, November 2021

We study the relationship between domestic-demand shocks and exports using data for Spanish manufacturing firms in 2002–2013. Exploiting plausibly exogenous geographical variation caused by the Great Recession, we find that firms whose domestic sales de...

The Causal Interpretation of Two-Stage Least Squares with Multiple Instrumental Variables

By Magne Mogstad, Alexander Torgovitsky, and Christopher R. Walters

American Economic Review, November 2021

Empirical researchers often combine multiple instrumental variables (IVs) for a single treatment using two-stage least squares (2SLS). When treatment effects are heterogeneous, a common justification for including multiple IVs is that the 2SLS estimand ...

Constrained Pseudo-Market Equilibrium

By Federico Echenique, Antonio Miralles, and Jun Zhang

American Economic Review, November 2021

We propose a pseudo-market solution to resource allocation problems subject to constraints. Our treatment of constraints is general: including bihierarchical constraints due to considerations of diversity in school choice, or scheduling in course allocati...

Labor Supply Responses to Learning the Tax and Benefit Schedule

By Andreas R. Kostøl and Andreas S. Myhre

American Economic Review, November 2021

Despite the implications for policy, empirical evidence on the relative importance of factors that shape labor supply responses is missing. This paper helps fill this gap and quantifies the role of information frictions versus other frictions by combining...

The Intergenerational Effects of a Large Wealth Shock: White Southerners after the Civil War

By Philipp Ager, Leah Boustan, and Katherine Eriksson

American Economic Review, November 2021

The nullification of slave wealth after the US Civil War (1861–1865) was one of the largest episodes of wealth compression in history. We document that White Southern households that owned more slaves in 1860 lost substantially more wealth by 1870, rela...

Eight Questions about Corruption

[Symposium: Institutions]

By Jakob Svensson

Journal of Economic Perspectives, Summer 2005

This paper will discuss eight frequently asked questions about public corruption: (1) What is corruption? (2) Which countries are the most corrupt? (3) What are the common characteristics of countries with high corruption? (4) What is the magnitude of cor...

Front Matter

American Economic Journal: Microeconomics, November 2021

The Times They Are A-Changing: Experimenting with Dynamic Adverse Selection

By Felipe A. Araujo, Stephanie W. Wang, and Alistair J. Wilson

American Economic Journal: Microeconomics, November 2021

We examine a common value dynamic matching environment where adverse selection accrues slowly over time. Theoretical best responses are therefore time varying, and the prior experimental literature suggests that sequential environments might lead to great...

An Empirical Dynamic Model of Trade with Consumer Accumulation

By Paul Piveteau

American Economic Journal: Microeconomics, November 2021

This paper develops a dynamic structural model of trade in which firms slowly accumulate consumers in foreign markets. Estimating the model using export data from individual firms and a particle Markov chain Monte Carlo estimator, the model predicts lower...

Prosecutor Quality, Witness Participation, Crime, and Reform

By Andrew F. Daughety and Jennifer F. Reinganum

American Economic Journal: Microeconomics, November 2021

We develop a model wherein concerns about prosecutor quality reduce the willingness of witnesses to cooperate with prosecutors. This causes an increase in the crime rate and in wrongly convicted innocent defendants. Because citizens are taxpayers and may ...