White-Collar Crime Writ Small: A Case Study of Bagels, Donuts, and the Honor System

By Steven D. Levitt

American Economic Review, May 2006

The Impact of Group Membership on Cooperation and Norm Enforcement: Evidence Using Random Assignment to Real Social Groups

By Lorenz Goette, David Huffman, and Stephan Meier

American Economic Review, May 2006

Vertical Integration and Competition

By Philippe Aghion, Rachel Griffith, and Peter Howitt

American Economic Review, May 2006

When Does Coordination Require Centralization? Corrigendum

By Ricardo Alonso, Wouter Dessein, and Niko Matouschek

American Economic Review, June 2008

Front Matter

American Economic Journal: Applied Economics, October 2016

The Economic Performance of African-American-Owned Banks: The Role of Loan Loss Provisions

By Christopher C. Henderson

American Economic Review, May 1999

Habit Formation in Voting: Evidence from Rainy Elections

By Thomas Fujiwara, Kyle Meng, and Tom Vogl

American Economic Journal: Applied Economics, October 2016

We estimate habit formation in voting--the effect of past on current turnout--by exploiting transitory voting cost shocks. Using county-level data on US presidential elections from 1952-2012, we find that rainfall on current and past election days reduces...

Notes

Journal of Economic Perspectives, Spring 2013

Do Expiring Budgets Lead to Wasteful Year-End Spending? Evidence from Federal Procurement

By Jeffrey B. Liebman and Neale Mahoney

American Economic Review, November 2017

Many organizations have budgets that expire at the end of the fiscal year and may face incentives to rush to spend resources on low-quality projects at year's end. We test these predictions using data on procurement spending by the US federal government...

Technology and the Changing Family: A Unified Model of Marriage, Divorce, Educational Attainment, and Married Female Labor-Force Participation

By Jeremy Greenwood, Nezih Guner, Georgi Kocharkov, and Cezar Santos

American Economic Journal: Macroeconomics, January 2016

Marriage has declined since 1960, with the drop being more significant for noncollege-educated individuals versus college-educated ones. Divorce has increased, more so for the noncollege-educated. Additionally, positive assortative mating has risen. Incom...

Rational Inattention and Organizational Focus

By Wouter Dessein, Andrea Galeotti, and Tano Santos

American Economic Review, June 2016

This paper studies optimal communication flows in organizations. A production process can be coordinated ex ante, by letting agents stick to a prespecified plan of action. Alternatively, agents may adapt to task-specific shocks, in which case tasks must b...

Behavioral Welfare Economics and Redistribution

By Marc Fleurbaey and Erik Schokkaert

American Economic Journal: Microeconomics, August 2013

Behavioral economics has shaken the view that individuals have well-defined, consistent and stable preferences. This raises a challenge for welfare economics, which takes as a key postulate that individual preferences should be respected. We argue, in ...

The Virtues of Hesitation: Optimal Timing in a Non-stationary World

By Urmee Khan and Maxwell B. Stinchcombe

American Economic Review, March 2015

In many economic, political, and social situations, circumstances change at random points in time, reacting is costly, and reactions appropriate to present circumstances may become inappropriate upon future changes, requiring further costly reaction. Wait...

A Patent System for Both Diffusion and Exclusion

[Symposium: Intellectual Property]

By Janusz A. Ordover

Journal of Economic Perspectives, Winter 1991

Public policy analysis of optimal patent regimes is often framed as a tradeoff between static and dynamic efficiency. In this analytical framework, weak patent protection and strict antitrust policy are taken to be directed toward static concerns, while p...

Correspondence

Journal of Economic Perspectives, Winter 1997

Product and Occupational Liability

[Symposium: The Economics of Liability]

By W. Kip Viscusi

Journal of Economic Perspectives, Summer 1991

Increased liability for risks posed by jobs and products has transformed the cost structure of job and product markets. Liability costs used to be an incidental expense; now they are a factor of substantial economic consequence. The costs associated with ...

Is an Automaker's Road to Bankruptcy Paved with Customers' Beliefs?

By Ali Hortaçsu, Gregor Matvos, Chaehee Shin, Chad Syverson, and Sriram Venkataraman

American Economic Review, May 2011

We explore the role the feedback loop between firms' financial health and consumers' demand for their products plays in the auto market. We construct a simple model of an automaker making pricing and debt service (continuation) decisions while recognizing...

Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience

By John A. List

American Economic Review, May 2011

A vibrant literature has emerged that suggests willingness to pay and willingness to accept measures of value are quite different for inexperienced consumers but that value differences erode with market experience. One potential shortcoming of this litera...

Report of the Editor: Journal of Economic Perspectives

By David Autor

American Economic Review, May 2011

Vertical Targeting and Leakage in Carbon Policy

By James B. Bushnell and Erin T. Mansur

American Economic Review, May 2011

This paper examines the intersection between two aspects of climate policy design. The first is the point of regulation: should it be placed on pollution sources, carbon-rich inputs, or consumers? The second aspect concerns the external effects of a local...