The American Economic Association Dues Structure

By Richard O. Beil and David N. Laband

Journal of Economic Perspectives, Fall 1996

Because consumers have an incentive to misrepresent their incomes and accurate information about consumers' incomes is costly for sellers to obtain, income-based pricing of goods or services seems unlikely to survive for long. Indeed, income-based pricing...

Classroom Games: Information Cascades

By Lisa R. Anderson and Charles A. Holt

Journal of Economic Perspectives, Fall 1996

This paper describes how to set up a classroom exercise in which students see private signals and make public decisions in sequence. A pattern of conforming decisions in this context is called an information cascade. Once a cascade starts, it is rational ...

Recommendations for Further Reading

Journal of Economic Perspectives, Fall 1996

Correspondence

Journal of Economic Perspectives, Fall 1996

Notes

Journal of Economic Perspectives, Fall 1996

Index by Author to Volume 10

Journal of Economic Perspectives, Fall 1996

Front Matter

Journal of Economic Perspectives, Fall 1996

The Origins of Endogenous Growth

[Symposium: New Growth Theory]

By Paul M. Romer

Journal of Economic Perspectives, Winter 1994

This paper describes two strands of work that converged under the heading of 'endogenous growth.' One strand, which is primarily empirical, asks whether there is a general tendency for poor countries to catch up with rich countries. The other strand, whic...

Endogenous Innovation in the Theory of Growth

[Symposium: New Growth Theory]

By Gene M. Grossman and Elhanan Helpman

Journal of Economic Perspectives, Winter 1994

This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, the authors review the implications of neoclassical growth theory and the more recent theories of 'endogenous gro...

Perspectives on Growth Theory

[Symposium: New Growth Theory]

By Robert M. Solow

Journal of Economic Perspectives, Winter 1994

This essay relates recent developments in growth theory to problems and ideas that first engaged R. F. Harrod, E. Domar, and their neoclassical successors. The body of 'new growth theory' began by finding special ways to assume that there are constant ret...

Endogenous Growth Theory: Intellectual Appeal and Empirical Shortcomings

[Symposium: New Growth Theory]

By Howard Pack

Journal of Economic Perspectives, Winter 1994

This paper examines whether the recent theoretical insights stemming from endogenous growth theory have provided a better guide to explaining actual growth experience than the neoclassical model. The paper considers the available empirical evidence on a n...

Generational Accounting: A Meaningful Way to Evaluate Fiscal Policy

[Symposium: Generational Accounting]

By Alan J. Auerbach, Jagadeesh Gokhale, and Laurence J. Kotlikoff

Journal of Economic Perspectives, Winter 1994

This paper illustrates the technique of generational accounting, a new way to evaluate fiscal policy that overcomes the inherent ambiguities of traditional deficit accounting. The authors illustrate why there is no 'correct' measure of the deficit and how...

Should Generational Accounts Replace Public Budgets and Deficits?

[Symposium: Generational Accounting]

By Robert Haveman

Journal of Economic Perspectives, Winter 1994

The author assesses the concept of 'generational accounts' and the specific accounts constructed by Alan Auerbach, Jagadeesh Gokhale, and Laurence Kotlikoff (1991). Although these accounts support the assertion of present-orientation in fiscal policy, the...

Economics in the Laboratory

By Vernon L. Smith

Journal of Economic Perspectives, Winter 1994

The questions addressed in this paper include: What is a laboratory experiment? What are the reasons why economists conduct such experiments? What have we learned? Among the many findings of experiments are included: institutions (the rules of exchange) m...

Issues in the Design of Environmental Excise Taxes

By Thomas A. Barthold

Journal of Economic Perspectives, Winter 1994

This paper explores economic, political, and practical issues that arise in the design of environmental taxes. The observed dearth of Pigouvian taxes may result from perceived political or practical problems in the design of such taxes. The author provide...

Facts and Myths about Refereeing

By Daniel S. Hamermesh

Journal of Economic Perspectives, Winter 1994

Referees' and editors' behavior is illustrated by data from a random sample of refereeing requests by seven economics journals. Referees tend to be higher-quality (better-cited, prime-age) than authors. Except for a few superstar authors, there is no matc...

How Are the Mighty Fallen: Rejected Classic Articles by Leading Economists

By Joshua S. Gans and George B. Shepherd

Journal of Economic Perspectives, Winter 1994

The authors asked the world's leading economists to describe instances in which journals rejected their articles. More than sixty essays, by a broadly diverse group that includes fifteen Nobel Prize winners, indicate that most have suffered publication re...

The Worker Adjustment and Retraining Notification Act

By John T. Addison and McKinley L. Blackburn

Journal of Economic Perspectives, Winter 1994

With the passage of the 1988 Worker Adjustment and Retraining Notification Act, the United States belatedly joined the large number of industrialized nations that require employers to provide affected workers with advance notice of a plant closing or mass...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Winter 1994

Correspondence: National Science Foundation Grants for Economics

By Milton Friedman

Journal of Economic Perspectives, Winter 1994

Correspondence regarding: National Science Foundation Grants for Economics