Hill Edwards, Justene. Savings and Trust: The Rise and Betrayal of the Freedman's Bank

By Eric Chyn

Journal of Economic Literature, September 2025

Kaplow, Louis. Rethinking Merger Analysis

By Carl Shapiro

Journal of Economic Literature, September 2025

Merrill, Thomas W. The Chevron Doctrine: Its Rise and Fall, and the Future of the Administrative State

By Jonathan H. Adler

Journal of Economic Literature, September 2025

Choosing Wisely: A Multibidding Approach

By David Pérez-Castrillo and David Wettstein

American Economic Review, December 2002

Mshomba, Richard E. Africa and Preferential Trade: An Unpredictable Path for Development

By Evelyn (Wamboye) Nyadwera

Journal of Economic Literature, September 2025

Vaheesan, Sandeep. Democracy in Power: A History of Electrification in the United States

By Carl Kitchens

Journal of Economic Literature, September 2025

The Big Short (Interest): Closing the Loopholes in the Dividend-Withholding Tax

By Elisa Casi, Evelina Gavrilova, David Murphy, and Floris T. Zoutman

American Economic Journal: Economic Policy

We study the effect of stricter enforcement of the dividend-withholding tax (DWT). We focus on a 2016 Danish enforcement reform and compare Denmark to its Nordic neighbors. Throughout the Nordic stock markets, shares on loan spike sharply around dividen...

Agency Pricing and Bargaining: Evidence from the E-Book Market

By Babur De los Santos, Daniel P. O’Brien, and Matthijs R. Wildenbeest

American Economic Journal: Microeconomics

This paper examines how wholesale and agency contracts affect retail prices under bargaining. In wholesale, downstream firms set prices; in agency, upstream firms do. Depending on bargaining power, agency leads to higher or lower prices relative to wholes...

Strategic Evidence Disclosure in Networks and Equilibrium Discrimination

By Leonie Baumann and Rohan Dutta

American Economic Journal: Microeconomics

A group of agents with ex-ante independent and identically uncertain quality compete for a prize, awarded by a principal. Agents may possess evidence about the quality of those they share a social connection with (neighbours), and themselves. In one eq...

The Impact of Unions on the Wage Distribution: Evidence from Higher Education

By Michael Baker, Yosh Halberstam, Kory Kroft, Alexandre Mas, and Derek Messacar

American Economic Review: Insights

We estimate the impact of unionization on the wage distribution of Canadian university faculty using longitudinal administrative data on salaries and exploiting the staggered rollout of unionization across institutions. We find that unionization compres...

Annotated Listing of New Books

Journal of Economic Literature, September 2025

JEL Classification System for Books

Journal of Economic Literature, September 2025

Opportunity Hunters: A Model of Competitive Sequential Inspections

By Ran Eilat, Zvika Neeman, and Eilon Solan

American Economic Journal: Microeconomics

We introduce a new type of games, called “opportunity-hunting games,” in which two players compete to discover an uncertain event (“opportunity”) that occurs at an unobserved and random point in time. Players can inspect whether the event has al...

RETRACTED BY THE AUTHORS: Effects of Environmental and Land Use Regulation in the Oil and Gas Industry Using the Wyoming Checkerboard as an Experimental Design

By Mitch Kunce, Shelby Gerking, and William Morgan

American Economic Review, December 2002

Dominated Pension Investments: The Role of Search Frictions and Unawareness

By Karin Kinnerud and Louise Lorentzon

American Economic Journal: Applied Economics

We conduct a large-scale field experiment in the Swedish pension system to examine to what extent information and search frictions explain dominated high-fee index fund choices. Three findings stand out: (i) Letters that increase awareness of a dominat...

Order Effects and Teacher Labor Supply: A Nation-Wide RCT in Ecuador

By Nicolás Ajzenman, Gregory Elacqua, Luana Marotta, and Anne Sofie Olsen

American Economic Journal: Applied Economics

We evaluate a nationwide zero-cost intervention to reduce teacher sorting, where lower-income students are more likely to attend understaffed schools with less qualified teachers. Our approach was grounded in an insight from behavioral economics known as ...

Relocating Development Economics: The First Generation of Modern Indian Economists by Maria Bach

By Alex M. Thomas

Journal of Economic Literature

An Evolutionary Perspective on Updating Risk and Ambiguity Preferences

By Philipp Sadowski and Todd Sarver

American Economic Review: Insights

Using an evolutionary approach, we address the prominent tension in the literature that updating of ambiguity and non-expected-utility preferences cannot, in general, be both dynamically consistent and consequentialist. Perhaps not surprisingly, evoluti...

Front Matter

American Economic Journal: Applied Economics, October 2025

Labor Supply and Entertainment Innovations: Evidence from the US TV Rollout

By George Fenton and Felix Koenig

American Economic Journal: Applied Economics, October 2025

We study the impact of entertainment technology on labor supply. Using Social Security work histories and a natural experiment arising from the regulated US rollout of television, we estimate that a station launch reduced the probability of working by aro...