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Showing 421-440 of 668 items.

Crime, Inequality, and Unemployment

By Kenneth Burdett, Ricardo Lagos, and Randall Wright

American Economic Review, December 2003

www.aeaweb.org/articles?id=10.1257/000282803322655536

Clubs with Entrapment

By Avinash Dixit

American Economic Review, December 2003

www.aeaweb.org/articles?id=10.1257/000282803322655572

What are good voting rules if voting is costly? We analyze this question for the case that an electorate chooses among two alternatives. In a symmetric private value model of voting we show that majority voting with voluntary participation Paretodominates...

www.aeaweb.org/articles?id=10.1257/000282804322970706

Do Police Reduce Crime? Estimates Using the Allocation of Police Forces After a Terrorist Attack

By Rafael Di Tella and Ernesto Schargrodsky

American Economic Review, March 2004

An important challenge in the crime literature is to isolate causal effects of police on crime. Following a terrorist attack on the main Jewish center in Buenos Aires, Argentina, in July 1994, all Jewish institutions received police protection. Thus, this...

www.aeaweb.org/articles?id=10.1257/000282804322970733

Asset Prices, Financial Instability, and Monetary Policy

By Charles R. Bean

American Economic Review, May 2004

www.aeaweb.org/articles?id=10.1257/0002828041301795

Serial Default and the "Paradox" of Rich-to-Poor Capital Flows

By Carmen M. Reinhart and Kenneth S. Rogoff

American Economic Review, May 2004

www.aeaweb.org/articles?id=10.1257/0002828041302370

Monetary and Fiscal Remedies for Deflation

By Alan J. Auerbach and Maurice Obstfeld

American Economic Review, May 2004

www.aeaweb.org/articles?id=10.1257/0002828041301948

Referrals

By Luis Garicano and Tano Santos

American Economic Review, June 2004

This paper studies the matching of opportunities with talent when costly diagnosis confers an informational advantage to the agent undertaking it. When this agent is underqualified, adverse selection prevents efficient referrals through fixed-price contra...

www.aeaweb.org/articles?id=10.1257/0002828041464506

Incentives and Discrimination

By Eyal Winter

American Economic Review, June 2004

www.aeaweb.org/articles?id=10.1257/0002828041464434

The Macroeconomics of Labor and Credit Market Imperfections

By Etienne Wasmer and Philippe Weil

American Economic Review, September 2004

Credit market imperfections influence the labor market and aggregate economic activity. In turn, macroeconomic factors have an impact on the credit sector. To assess these effects in a tractable general-equilibrium framework, we introduce endogenous searc...

www.aeaweb.org/articles?id=10.1257/0002828042002525

Insurance, Consumption, and Saving: A Dynamic Analysis in Continuous Time

By R.A. Somerville

American Economic Review, September 2004

This paper shows how the demand for non-life insurance interacts with consumption and saving. The analysis is set in continuous time, using the maximum principle. When insurance is actuarially fair, the insurance and consumption decisions are separable. W...

www.aeaweb.org/articles?id=10.1257/0002828042002642

Rational Overoptimism (and Other Biases)

By Eric Van den Steen

American Economic Review, September 2004

Rational agents with differing priors tend to be overoptimistic about their chances of success. In particular, an agent who tries to choose the action that is most likely to succeed, is more likely to choose an action of which he overestimated, rather tha...

www.aeaweb.org/articles?id=10.1257/0002828042002697