Measuring Self-Control Problems

By John Ameriks, Andrew Caplin, John Leahy, and Tom Tyler

American Economic Review, June 2007

We develop a survey instrument to measure self-control problems in a sample of highly educated adults. This measure relates in the manner that theory predicts to liquid wealth accumulation and personality measures. Yet while self-control problems are typi...

Assessing the Economic Understanding of U.S. High School Students

By William B. Walstad and Ken Rebeck

American Economic Review, May 2001

Bond Risk Premia

By John H. Cochrane and Monika Piazzesi

American Economic Review, March 2005

We study time variation in expected excess bond returns. We run regressions of one-year excess returns on initial forward rates. We find that a single factor, a single tent-shaped linear combination of forward rates, predicts excess returns on one- to fiv...

Do We Have a New E-conomy?

By Martin Neil Baily and Robert Z. Lawrence

American Economic Review, May 2001

International Taxation and Cross-Border Banking

By Harry Huizinga, Johannes Voget, and Wolf Wagner

American Economic Journal: Economic Policy, May 2014

This paper examines empirically how international taxation affects the volume and pricing of cross-border banking activities for a sample of banks in 38 countries over the 1998�2008 period. International double taxation of foreign-source bank inco...

Puzzles: The Other Person's Envelope Is Always Greener

By Barry Nalebuff

Journal of Economic Perspectives, Winter 1989

The Puzzles feature in this issue is devoted to answering a puzzle that appeared in the Spring 1988 issue: "The Other Person's Envelope is Always Greener." The response to this puzzle was overwhelming. Below, I recap the problem and then discuss the myria...

Symposium on Management of Local Commons

[Symposium]

By Pranab Bardhan

Journal of Economic Perspectives, Fall 1993

Report of the Editor: American Economic Review

By Pinelopi Koujianou Goldberg

American Economic Review, May 2013

An A for Effort

By Omari H. Swinton

American Economic Review, May 2015

This paper uses a unique and rich administrative data set to analyze the impact of the introduction of a new grading policy on graduations rates at Benedict College, a Historically Black College in Columbia, South Carolina. According to the new grading po...

Stock Price Booms and Expected Capital Gains

By Klaus Adam, Albert Marcet, and Johannes Beutel

American Economic Review, August 2017

Investors' subjective capital gains expectations are a key element explaining stock price fluctuations. Survey measures of these expectations display excessive optimism (pessimism) at market peaks (troughs). We formally reject the hypothesis that this is ...

Equilibrium Bids in Sponsored Search Auctions: Theory and Evidence

By Tilman Börgers, Ingemar Cox, Martin Pesendorfer, and Vaclav Petricek

American Economic Journal: Microeconomics, November 2013

This paper presents a game theoretic analysis of the generalized second-price auction that the company Overture operated in 2004 to sell sponsored search listings on search engines. We construct a model that embodies few prior assumptions about paramet...

On the Evolution of the Firm Size Distribution: Facts and Theory

By Luís M B Cabral and José Mata

American Economic Review, September 2003

Using a comprehensive data set of Portuguese manufacturing firms, we show that the firm size distribution is significantly right-skewed, evolving over time toward a lognormal distribution. We also show that selection accounts for very little of this evolu...

Aid Effectiveness – Opening the Black Box

By François Bourguignon and Mark Sundberg

American Economic Review, May 2007

Correspondent: Keynes as a Noise Trader

By Robert Piron

Journal of Economic Perspectives, Spring 1991

Consolidation of New Democracy, Mass Attitudes, and Clientelism

By Adi Brender and Allan Drazen

American Economic Review, May 2009

Group Reputations, Stereotypes, and Cooperation in a Repeated Labor Market

By Paul J. Healy

American Economic Review, December 2007

Reputation effects and other-regarding preferences have both been used to predict cooperative outcomes in markets with inefficient equilibria. Existing reputation-building models require either infinite time horizons or publicly observed identities, bu...

The Flattening Firm and Product Market Competition: The Effect of Trade Liberalization on Corporate Hierarchies

By Maria Guadalupe and Julie Wulf

American Economic Journal: Applied Economics, October 2010

This paper establishes a causal effect of product market competition on various characteristics of organizational design. Using a unique panel dataset on firm hierarchies of large US firms (1986-1999) and a quasi-natural experiment (trade liberalization)...

Correspondence

By Richard C. Leone, Bernard Wasow, Earl L. Grinols, David Mustard, William R. Eadington, William Walter Brown, and Christina D. Romer

Journal of Economic Perspectives, Winter 2000

Perspectives on the New Architecture for the US National Accounts

By Michael J. Boskin

American Economic Review, May 2009

Social Security Financing: Facts, Fantasies, Foibles, and Follies

By Robert L. Clark

American Economic Review, May 2004