Identity-Based Policies and Identity Manipulation: Evidence from Colonial Punjab

By Guilhem Cassan

American Economic Journal: Economic Policy, November 2015

I study identity-marker based policies and demonstrate the existence of identity manipulation. I analyze the impact of the Punjab Alienation of Land Act (1901), a caste-based legislation, on identity manipulation. Using data from the colonial census, I sh...

Trust and Reciprocity between Spouses in India

By Carolina Castilla

American Economic Review, May 2015

I present results from the first trust game conducted among married couples. The experiment consisted of a one-shot trust game where spouses were taken into separate rooms, not allowed to communicate, given a significant endowment, and both strategies and...

Offshoring and the Role of Trade Agreements

By Pol Antràs and Robert W. Staiger

American Economic Review, December 2012

The rise of offshoring of intermediate inputs raises important questions for commercial policy. Do the distinguishing features of offshoring introduce novel reasons for trade policy intervention? Does offshoring create new problems of global policy coo...

Equilibrium Investment and Asset Prices under Imperfect Corporate Control

By James Dow, Gary Gorton, and Arvind Krishnamurthy

American Economic Review, June 2005

We integrate a widely accepted version of the separation of ownership and control—Michael Jensen's (1986) free cash flow theory—into a dynamic equilibrium model, and study the effect of imperfect corporate control on asset prices and investment. Aggre...

Height, Health, and Inequality: The Distribution of Adult Heights in India

By Angus Deaton

American Economic Review, May 2008

An Experimental Test of Flexible Combinatorial Spectrum Auction Formats

By Christoph Brunner, Jacob K. Goeree, Charles A. Holt, and John O. Ledyard

American Economic Journal: Microeconomics, February 2010

This paper reports laboratory experiments that evaluate the performance of a flexible package bidding format developed by the FCC, in comparison with other combinatorial formats. In general, the interest of policy makers in combinatorial auctions is ju...

Dynamic Scoring: An Introduction to the Issues

By Alan J. Auerbach

American Economic Review, May 2005

Minimax Play at Wimbledon: Comment

By Shih-Hsun Hsu, Chen-Ying Huang, and Cheng-Tao Tang

American Economic Review, March 2007

Efficiency and Information Aggregation in Auctions

By Wolfgang Pesendorfer and Jeroen M. Swinkels

American Economic Review, June 2000

The tension between allocative efficiency and information aggregation is explored in the context of an auction: k identical objects of unknown quality are auctioned off to n bidders whose tastes affect their valuation of an object of given quality. Bidder...

Wealth Concentration in a Developing Economy: Paris and France, 1807-1994

By Thomas Piketty, Gilles Postel-Vinay, and Jean-Laurent Rosenthal

American Economic Review, March 2006

Using large samples of estate tax returns, we construct new series on wealth concentration in Paris and France from 1807 to 1994. Inequality increased until 1914 because industrial and financial estates grew dramatically. Then, adverse shocks, rather than...

The Effects of Global Shocks on Small Commodity-Exporting Economies: Lessons from Canada

By Valery Charnavoki and Juan J. Dolado

American Economic Journal: Macroeconomics, April 2014

We propose a structural dynamic factor model of a small commodity-exporting economy, using Canada as a representative case study. Combining large panel data sets of the global and do- mestic economies, sign restrictions are used to identify relevant d...

Migration and Imperfect Monitoring: Implications for Intra-Household Allocation

By Joyce J. Chen

American Economic Review, May 2006

The Poverty Gap in School Spending Following the Introduction of Title I

By Elizabeth U. Cascio and Sarah Reber

American Economic Review, May 2013

Title I of the 1965 Elementary and Secondary Education Act explicitly directed more federal aid for K-12 education to poorer areas for the first time in US history, with a goal of promoting regional convergence in school spending. Using newly collected da...

Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit

By Michael W. Klein, Joe Peek, and Eric S. Rosengren

American Economic Review, June 2002

During the 1980's, theories were developed to explain the striking correlation between real exchange rates and foreign direct investment (FDI). However, this relationship broke down for Japanese FDI in the 1990's, as the real exchange rate appreciated whi...

The Control Premium: A Preference for Payoff Autonomy

By David Owens, Zachary Grossman, and Ryan Fackler

American Economic Journal: Microeconomics, November 2014

We document individuals' willingness to pay to control their own payoff. Experiment participants choose whether to bet on themselves or on a partner answering a quiz question correctly. Given participants' beliefs, which we elicit separately, expected-mo...

A Reason for Quantity Regulation

By Edward L. Glaeser and Andrei Shleifer

American Economic Review, May 2001

Institutions versus Policies: A Tale of Two Islands

By Peter Blair Henry and Conrad Miller

American Economic Review, May 2009

Secrets of the Academy: The Drivers of University Endowment Success

By Josh Lerner, Antoinette Schoar, and Jialan Wang

Journal of Economic Perspectives, Summer 2008

University endowments have received much attention recently for their superior investment returns compared with other institutional investors. This study documents trends in college and university endowment returns and investments in the United States bet...

Information and Prices with Capacity Constraints

By Benjamin Lester

American Economic Review, June 2011

In the theoretical literature on consumer search, one conclusion is nearly universal: as buyers become better able to observe and compare prices ex ante, sellers will set lower prices in equilibrium. In this paper, I examine a standard consumer search mod...

Pathways to Adjustment: The Case of Information Technology Workers

By John Bound, Breno Braga, Joseph M. Golden, and Sarah Turner

American Economic Review, May 2013

One long-standing hypothesis about science and engineering labor markets is that the supply of highly skilled workers is likely to be inelastic in the short run. We consider the market for computer scientists and electrical engineers (IT workers) and the ...