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Wiring the Labor Market

[Symposium: E-Commerce]

By David H. Autor

Journal of Economic Perspectives, Winter 2001

Workers and jobs are naturally heterogeneous and the quality of their interaction when paired is difficult to forecast. The Internet promises to open new channels for worker-firm communications. What are the consequences of this opening? I discuss three l...

Business-to-Business Electronic Commerce

[Symposium: E-Commerce]

By David Lucking-Reiley and Daniel F. Spulber

Journal of Economic Perspectives, Winter 2001

Just as the industrial revolution mechanized the manufacturing functions of firms, the information revolution is automating their merchant functions. Four types of potential productivity gains are expected from business-to-business (B2B) electronic commer...

Canada: Life beyond the Looking Glass

[Symposium: The North American Economy]

By John F. Helliwell

Journal of Economic Perspectives, Winter 2001

Canada's population, a tenth that of the United States, is perched close to the U.S. northern border, tightly but asymmetrically tied to U.S. information networks. However, trade, capital and population mobility remains an order of magnitude tighter among...

The Impact of NAFTA on the United States

[Symposium: The North American Economy]

By Mary E. Burfisher, Sherman Robinson, and Karen Thierfelder

Journal of Economic Perspectives, Winter 2001

We describe the main economic arguments posed for and against the North American Free Trade Agreement (NAFTA) during the U.S. policy debate. To evaluate these arguments, we analyze recent trade data and survey post-NAFTA studies. We find that both the U.S...

Anomalies: Risk Aversion

By Matthew Rabin and Richard H. Thaler

Journal of Economic Perspectives, Winter 2001

Economists ubiquitously employ a simple and elegant explanation for risk aversion: It derives from the concavity of the utility-of-wealth function within the expected-utility framework. We show that this explanation is not plausible in most applications, ...