Eligibility Recertification and Dynamic Opt-In Incentives in Income-Tested Social Programs: Evidence from Medicaid/CHIP

By Zhuan Pei

American Economic Journal: Economic Policy, February 2017

Conventional labor supply studies assume constant eligibility monitoring of income-tested program participants, but the time between two consecutive eligibility certifications (the "recertification period") can be as long as a year for Medicaid/CHIP recip...

Auctions with Anticipated Regret: Theory and Experiment

By Emel Filiz-Ozbay and Erkut Y. Ozbay

American Economic Review, September 2007

This paper demonstrates theoretically and experimentally that in first-price auctions overbidding with respect to the risk neutral Nash equilibrium might be driven from anticipated loser regret (felt when bidders lose at an affordable price). Different in...

How Sensitive Are Low Income Families to Health Plan Prices?

By David Chan and Jonathan Gruber

American Economic Review, May 2010

Distinguished Lecture on Economics in Government: Big Bills Left on the Sidewalk: Why Some Nations Are Rich, and Others Poor

By Mancur Olson

Journal of Economic Perspectives, Spring 1996

Some research presumes that, when rational parties bargain, nothing is left on the table, so that social outcomes are efficient and leave countries on the frontiers of their aggregate production functions. A study of differences in per capita incomes acro...

Meiping Sun on how a $1 MTA farecard surcharge had a $200 million effect

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What happened when the NYC subway system tried to cut down on paper waste

Asymmetric Information, Adverse Selection and Online Disclosure: The Case of eBay Motors

By Gregory Lewis

American Economic Review, June 2011

Since Akerlof (1970), economists have understood the adverse selection problem that information asymmetries can create in used goods markets. The remarkable growth in online used goods auctions thus poses a puzzle. Part of the solution is that sellers vol...

Coercive Contract Enforcement: Law and the Labor Market in Nineteenth Century Industrial Britain

By Suresh Naidu and Noam Yuchtman

American Economic Review, February 2013

British Master and Servant law made employee contract breach a criminal offense until 1875. We develop a contracting model generating equilibrium contract breach and prosecutions, then exploit exogenous changes in output prices to examine the effects of...

Policy Persistence

By Stephen Coate and Stephen Morris

American Economic Review, December 1999

Roberto Chang on the impact of low interest rates on emerging markets

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What has happened with global interest rates since the Great Recession?

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Summer 2015

Shun Wang on whether a richer China is a happier China

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Economic growth and happiness don't necessarily go hand in hand

Yue Li on how people think about saving for retirement

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A lab experiment showed people don't always do the best job planning ahead

Institutional Corruption and Election Fraud: Evidence from a Field Experiment in Afghanistan

By Michael Callen and James D. Long

American Economic Review, January 2015

We investigate the relationship between political networks, weak institutions, and election fraud during the 2010 parliamentary election in Afghanistan combining: (i) data on political connections between candidates and election officials; (ii) a nationwi...

Zaiyan Wei on the economics of online reviews

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How does the size of a website's audience affect the tone of online reviews?

Leadership and Information

By Mana Komai, Mark Stegeman, and Benjamin E. Hermalin

American Economic Review, June 2007

An organization makes collective decisions through neither markets nor contracts. Instead, rational agents voluntarily choose to follow a leader. In many cases, incentive problems are solved: the unique nondegenerate equilibrium achieves the first best, e...

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...

On the Sources of the Great Moderation

By Jordi Galí and Luca Gambetti

American Economic Journal: Macroeconomics, January 2009

The Great Moderation in the US economy has been accompanied by large changes in the comovements among output, hours, and labor productivity. Those changes are reflected in both conditional and unconditional second moments as well as in the impulse resp...

Back to Fundamentals: Equilibrium in Abstract Economies

By Michael Richter and Ariel Rubinstein

American Economic Review, August 2015

We propose a new abstract definition of equilibrium in the spirit of competitive equilibrium: a profile of alternatives and a public ordering (expressing prestige, price, or a social norm) such that each agent prefers his assigned alternative to all lower...

American Economic Association Universal Academic Questionnaire Summary Statistics

By Charles E. Scott and John J. Siegfried

American Economic Review, May 2016

Dynamic Delegation of Experimentation

By Yingni Guo

American Economic Review, August 2016

I study a dynamic relationship where a principal delegates experimentation to an agent. Experimentation is modeled as a one-armed bandit that yields successes following a Poisson process. Its unknown intensity is high or low. The agent has private informa...