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Data and the Aggregate Economy

By Laura Veldkamp and Cindy Chung

Journal of Economic Literature, June 2024

Recent data technology innovations, such as artificial intelligence and machine learning, have transformed the production of knowledge and increased the importance of data. This review explores how data—digitized information—has been modeled within cl...

Combinatorial Auctions in Practice

By Ignacio Palacios-Huerta, David C. Parkes, and Richard Steinberg

Journal of Economic Literature, June 2024

We survey the uses of combinatorial auctions that have been deployed in practice, giving emphasis to their key representational and economic aspects. In addition, we discuss behavioral economics considerations on both the bidder and auctioneer sides of th...

Optimal Income Taxation

By Louis Kaplow

Journal of Economic Literature, June 2024

This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout the analysis, path...

Can Marshall plus Malthus Explain the Evolution of Ancient Societies? A Review of Economic Prehistory by Dow and Reed

By Samuel Bowles and Amy Bogaard

Journal of Economic Literature, September 2024

In a work of extraordinary scope and scholarship, Gregory K. Dow and Clyde G. Reed deploy conventional microeconomic theory to explain "six transitions that shaped the world," namely, the transitions to sedentism, farming, inequality, war, cities, and sta...