JEL Classification System

Journal of Economic Literature, December 2007

Minimax Play at Wimbledon

By Mark Walker and John Wooders

American Economic Review, December 2001

Do Vertical Mergers Facilitate Upstream Collusion?

By Volker Nocke and Lucy White

American Economic Review, September 2007

We investigate the impact of vertical mergers on upstream firms' ability to collude when selling to downstream firms in a repeated game. We show that vertical mergers give rise to an outlets effect: the deviation profits of cheating unintegrated firms ...

Extreme Walrasian Dynamics: The Gale Example in the Lab

By Sean Crockett, Ryan Oprea, and Charles Plott

American Economic Review, December 2011

We study David Gale's (1963) economy using laboratory markets. Tatonnement theory predicts prices will diverge from an equitable interior equilibrium toward infinity or zero depending only on initial prices. The inequitable equilibria determined by the...

Book Reviews

Journal of Economic Literature, September 2015

Electricity Consumption and Durable Housing: Understanding Cohort Effects

By Dora L. Costa and Matthew E. Kahn

American Economic Review, May 2011

We find that households living in California homes built in the 1960s and 1970s had high electricity consumption in 2000 relative to houses of more recent vintages because the price of electricity at the time of home construction was low. Homes built in t...

JEL Classifications

Journal of Economic Literature, June 2008

Birthdays, Schooling, and Crime: Regression-Discontinuity Analysis of School Performance, Delinquency, Dropout, and Crime Initiation

By Philip J. Cook and Songman Kang

American Economic Journal: Applied Economics, January 2016

Dropouts have high crime rates, but is there a direct causal link? This study, utilizing administrative data for six cohorts of public school children in North Carolina, demonstrates that those born just after the cut date for enrolling in public kinderga...

Front Matter

Journal of Economic Literature, March 2013

The Effect of Hurricane Katrina on the Labor Market Outcomes of Evacuees

By Jeffrey A. Groen and Anne E. Polivka

American Economic Review, May 2008

Analyzing the Spectrum of Asset Returns: Jump and Volatility Components in High Frequency Data

By Yacine Aït-Sahalia and Jean Jacod

Journal of Economic Literature, December 2012

This paper reports some of the recent developments in the econometric analysis of semimartingales estimated using high frequency financial returns. It describes a simple yet powerful methodology to decompose asset returns sampled at high frequency into t...

Monitoring Corruptible Politicians

By Gustavo J. Bobonis, Luis R. Cámara Fuertes, and Rainer Schwabe

American Economic Review, August 2016

Does monitoring corrupt activities induce a sustained reduction in corruption? Using longitudinal data on audits of municipal governments in Puerto Rico, we show corruption is considerably lower in municipalities with timely audits—before elections....

JEL Classification System

Journal of Economic Literature, March 2009

Exchange-Rate Policy for Developing Countries

By Roberto Chang and Andres Velasco

American Economic Review, May 2000

Does Schooling Cause Growth?

By Mark Bils and Peter J. Klenow

American Economic Review, December 2000

A number of economists find that growth and schooling are highly correlated across countries. A model is examined in which the ability to build on the human capital of one's elders plays an important role in linking growth to schooling. The model is calib...

The Origins of State Capacity: Property Rights, Taxation, and Politics

By Timothy Besley and Torsten Persson

American Economic Review, September 2009

Economists generally assume that the state has sufficient institutional capacity to support markets and levy taxes. This paper develops a framework where "policy choices" in market regulation and taxation are constrained by past investments in legal an...

Front Matter

Journal of Economic Literature, September 2012

Doctoral Dissertations in Economics

Journal of Economic Literature, December 2012

Buffalo Hunt: International Trade and the Virtual Extinction of the North American Bison

By M. Scott Taylor

American Economic Review, December 2011

In the sixteenth century, North America contained 25 to 30 million buffalo; by the late nineteenth century fewer than 100 remained. While removing the buffalo east of the Mississippi took over 100 years, the remaining 10 to 15 million buffalo on the Great...

How Effective Are US Renewable Energy Subsidies in Cutting Greenhouse Gases?

By Brian C. Murray, Maureen L. Cropper, Francisco C. de la Chesnaye, and John M. Reilly

American Economic Review, May 2014

The federal tax code provides preferential treatment for the production and use of renewable energy. We report estimates of the subsidies' effects on greenhouse gases (GHG) emissions developed in a recent National Research Council (NRC) Report. Due to lac...