The Shaping of Higher Education: The Formative Years in the United States, 1890 to 1940

[Symposium: The Economics of Higher Education]

By Claudia Goldin and Lawrence F. Katz

Journal of Economic Perspectives, Winter 1999

The authors trace the origins of the key features of U.S. higher education today--the coexistence of small liberal arts colleges and large research universities; the substantial share of enrollment in the public sector; and varying levels of support provi...

Community Size and Network Closure

By Hunt Allcott, Dean Karlan, Markus M. Möbius, Tanya S. Rosenblat, and Adam Szeidl

American Economic Review, May 2007

Does Teaching Enhance Research in Economics?

By William E. Becker and Peter E. Kennedy

American Economic Review, May 2005

Crises and the Development of Economic Institutions: Some Microeconomic Evidence

By Raghuram Rajan and Rodney Ramcharan

American Economic Review, May 2016

This paper studies the long run effects of financial crises using new bank and town level data from around the Great Depression. We find evidence that banking markets became much more concentrated in areas that experienced a greater initial collapse in th...

Exclusive Contracts and Market Dominance

By Giacomo Calzolari and Vincenzo Denicolò

American Economic Review, November 2015

We propose a new theory of exclusive dealing. The theory is based on the assumption that a dominant firm has a competitive advantage over its rivals, and that the buyers' willingness to pay for the product is private information. In this setting, the domi...

New Estimates of the Impact of Child Disability on Maternal Employment

By Elizabeth T. Powers

American Economic Review, May 2001

The Economics of Privacy

By Alessandro Acquisti, Curtis Taylor, and Liad Wagman

Journal of Economic Literature, June 2016

This article summarizes and draws connections among diverse streams of theoretical and empirical research on the economics of privacy. We focus on the economic value and consequences of protecting and disclosing personal information, and on consumers' und...

School Desegregation and Urban Change: Evidence from City Boundaries

By Leah Platt Boustan

American Economic Journal: Applied Economics, January 2012

I examine changes in the city-suburban housing price gap in metropolitan areas with and without court-ordered desegregation plans over the 1970s, narrowing my comparison to housing units on opposite sides of district boundaries. Desegregation of public sc...

Welfare without Happiness

By Faruk Gul and Wolfgang Pesendorfer

American Economic Review, May 2007

Minutes of the Annual Business Meeting: Chicago, IL: January 7, 2012

By John J. Siegfried

American Economic Review, May 2012

Bidding with Securities: Comment

By Yeon-Koo Che and Jinwoo Kim

American Economic Review, September 2010

Peter DeMarzo, Ilan Kremer, and Andrzej Skrzypacz (2005) analyzed auctions in which bidders compete in securities. They show that a steeper security leads to a higher expected revenue for the seller, and also use this to establish the revenue ranking betw...

Credit Ratings and Security Prices in the Subprime MBS Market

By Adam Ashcraft, Paul Goldsmith-Pinkham, Peter Hull, and James Vickery

American Economic Review, May 2011

We present and discuss preliminary evidence suggesting that credit ratings significantly influenced prices for subprime mortgage-backed securities issued in the period leading up to the recent financial crisis. Ratings are closely correlated with prices e...

Aggregate Impacts of a Gift of Time

By Jungmin Lee, Daiji Kawaguchi, and Daniel S. Hamermesh

American Economic Review, May 2012

How would people spend additional time if confronted by permanent declines in market work? We examine the impacts of cuts in legislated standard hours which raised employers' overtime costs in Japan around 1990 and in Korea in the early 2000s. Using time-...

Symposium on Mergers and Antitrust

[Symposium: Horizontal Mergers and Antitrust]

By Steven C. Salop

Journal of Economic Perspectives, Fall 1987

The Journal asked three mainstream industrial organization economists to comment on both current merger enforcement and merger reform proposals: Lawrence White, Franklin Fisher, and Richard Schmalensee. The Journal of Economic Perspectives

The Influence of Technology on Foreign Direct Investment

By Jane Ihrig

American Economic Review, May 2005

Can Financial Engineering Cure Cancer?

By David E. Fagnan, Jose Maria Fernandez, Andrew W. Lo, and Roger M. Stein

American Economic Review, May 2013

Traditional financing sources such as private and public equity may not be ideal for investment projects with low probabilities of success, long time horizons, and large capital requirements. Nevertheless, such projects, if not too highly correlated, may ...

Efficient Auctions and Interdependent Types

By Dirk Bergemann, Stephen Morris, and Satoru Takahashi

American Economic Review, May 2012

We consider the efficient allocation of a single good with interdependent values in a quasi-linear environment. We present an approach to modeling interdependent preferences distinguishing between "payoff types" and "belief types" and report a characteriz...

Backing, the Quantity Theory, and the Transition to the US Dollar, 1723-1850

By Peter L. Rousseau

American Economic Review, May 2007

Pricing-to-Market in a Ricardian Model of International Trade

By Andrew Atkeson and Ariel Burstein

American Economic Review, May 2007

Report of the Committee on Economic Education for 2009

By Michael Watts

American Economic Review, May 2010