"Quick Response" Economic Stimulus: The Effect of Small-Value Digital Coupons on Spending

By Jianwei Xing, Eric Yongchen Zou, Zhentao Yin, Yong Wang, and Zhenhua Li

American Economic Journal: Macroeconomics, October 2023

We study a new consumption stimulus program implemented by a large Chinese city that leverages mobile payment platforms to dispense massive amounts of small-value digital coupons. Exploiting a "rush" design of the dispensing process in which over 1 millio...

Congratulations to Claudia Goldin on being awarded the 2023 Nobel Prize in Economic Sciences

[News]

October 06, 2023

Former AEA President Claudia Goldin lauded for her research on women’s labor market outcomes.

Comparing labor market efficiency across Europe

[Page]

How do the consequences of losing a job vary in different European countries?

What hurts minorities’ progress in economics?

[Research Highlight]

August 31, 2020

Professor Gary Hoover discusses how to make the economics profession more welcoming to underrepresented groups.

EconLit Brochure

[Page]

Share EconLit information with your colleagues and library patrons.

More than Words: Leaders' Speech and Risky Behavior during a Pandemic

By Nicolás Ajzenman, Tiago Cavalcanti, and Daniel Da Mata

American Economic Journal: Economic Policy, August 2023

This paper investigates whether the anti-scientific rhetoric of modern populists can induce followers to engage in risky behavior. We gather electoral information, credit card expenses, and geo-localized mobile phone data for approximately 60 million devi...

Call for Papers: 30th Annual Conference of the Multinational Finance Society

[News]

October 23, 2023

The submission deadline is January 15, 2024.

Cultural division in the United States

[Page]

Is American culture growing further apart?

Front Matter

American Economic Journal: Microeconomics, November 2023

Trade-ins and Transaction Costs in the Market for Used Business Jets

By Charles Hodgson

American Economic Journal: Microeconomics, November 2023

Manufacturers of durable goods can encourage consumers facing transaction costs to upgrade by accepting used units as trade-ins. These "buyback schemes" increase demand for new units, but increase the supply of used units if trade-ins are resold. I invest...

Evaluating the Impact of Online Market Integration—Evidence from the EU Portable PC Market

By Néstor Duch-Brown, Lukasz Grzybowski, André Romahn, and Frank Verboven

American Economic Journal: Microeconomics, November 2023

We develop a framework to evaluate the impact of market integration, accounting for spillovers between multiple distribution channels. We adapt the standard random coefficients logit demand model to allow for substitution between channels and consumer arb...

Using Team Discussions to Understand Behavior in Indefinitely Repeated Prisoner's Dilemma Games

By David J. Cooper and John H. Kagel

American Economic Journal: Microeconomics, November 2023

We compare behavior of two person teams with individuals in indefinitely repeated prisoner dilemma games with perfect monitoring. Team discussions are used to understand the rationale underlying these choices and how these choices come about. There are th...