Learning-by-Doing as a Propagation Mechanism

By Yongsung Chang, Joao F. Gomes, and Frank Schorfheide

American Economic Review, December 2002

This paper suggests that skill accumulation through past work experience, or "learning-by-doing" (LBD), can provide an important propagation mechanism in a dynamic stochastic general-equilibrium model, as the current labor supply affects future productivi...

Social Value of Public Information

By Stephen Morris and Hyun Song Shin

American Economic Review, December 2002

What are the welfare effects of enhanced dissemination of public information through the media and disclosures by market participants with high public visibility? We examine the impact of public information in a setting where agents take actions appropria...

Vouchers for Private Schooling in Colombia: Evidence from a Randomized Natural Experiment

By Joshua Angrist, Eric Bettinger, Erik Bloom, Elizabeth King, and Michael Kremer

American Economic Review, December 2002

Colombia used lotteries to distribute vouchers which partially covered the cost of private secondary school for students who maintained satisfactory academic progress. Three years after the lotteries, winners were about 10 percentage points more likely to...

Information Technology and the U.S. Productivity Revival: What Do the Industry Data Say?

By Kevin J. Stiroh

American Economic Review, December 2002

Choosing Wisely: A Multibidding Approach

By David Pérez-Castrillo and David Wettstein

American Economic Review, December 2002

Effects of Environmental and Land Use Regulation in the Oil and Gas Industry Using the Wyoming Checkerboard as an Experimental Design

By Mitch Kunce, Shelby Gerking, and William Morgan

American Economic Review, December 2002

Estimating Individual Discount Rates in Denmark: A Field Experiment

By Glenn W. Harrison, Morten I. Lau, and Melonie B. Williams

American Economic Review, December 2002

Art as an Investment and the Underperformance of Masterpieces

By Jianping Mei and Michael Moses

American Economic Review, December 2002

Improving Efficiency of On-Campus Housing: An Experimental Study

By Yan Chen and Tayfun Sönmez

American Economic Review, December 2002

Protection for Sale: An Empirical Investigation: Comment

By Theo Eicher and Thomas Osang

American Economic Review, December 2002

Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data

By Judith A. Chevalier, Anil K. Kashyap, and Peter E. Rossi

American Economic Review, March 2003

We examine retail and wholesale prices for a large supermarket chain over seven and one-half years. We find that prices fall on average during seasonal demand peaks for a product, largely due to changes in retail margins. Retail margins for specific goods...

The Economic Costs of Conflict: A Case Study of the Basque Country

By Alberto Abadie and Javier Gardeazabal

American Economic Review, March 2003

This article investigates the economic effects of conflict, using the terrorist conflict in the Basque Country as a case study. We find that, after the outbreak of terrorism in the late 1960's, per capita GDP in the Basque Country declined about 10 percen...

The Evolution of Human Life Expectancy and Intelligence in Hunter-Gatherer Economies

By Arthur J. Robson and Hillard S. Kaplan

American Economic Review, March 2003

The economics of hunting and gathering must have driven the biological evolution of human characteristics, since hunter-gatherer societies prevailed for the two million years of human history. These societies feature huge intergenerational resource flows,...

Gravity with Gravitas: A Solution to the Border Puzzle

By James E. Anderson and Eric van Wincoop

American Economic Review, March 2003

Gravity equations have been widely used to infer trade flow effects of various institutional arrangements. We show that estimated gravity equations do not have a theoretical foundation. This implies both that estimation suffers from omitted variables bias...

Optimal Contracting with Subjective Evaluation

By W. Bentley MacLeod

American Economic Review, March 2003

This paper extends the standard principal-agent model to allow for subjective evaluation. The optimal contract results in more compressed pay relative to the case with verifiable performance measures. Moreover, discrimination against an individual implies...

Corporate Lobbying and Commitment Failure in Capital Taxation

By Nicolas Marceau and Michael Smart

American Economic Review, March 2003

Access to Food and the Biological Standard of Living: Perspectives on the Nutritional Status of Native Americans

By John Komlos

American Economic Review, March 2003

Redistributive Promises and the Adoption of Economic Reform

By Sanjay Jain and Sharun W. Mukand

American Economic Review, March 2003

Speed Limit Policies: The Output Gap and Optimal Monetary Policy

By Carl Walsh

American Economic Review, March 2003

Expert Opinion and Compensation: Evidence from a Musical Competition

By Victor A. Ginsburgh and Jan C. van Ours

American Economic Review, March 2003