Endogenous Effective Discounting, Credit Constraints, and Wealth Inequality

By Jeremy Tobacman

American Economic Review, May 2009

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Spring 1993

Scale Economies and Industry Agglomeration Externalities: A Dynamic Cost Function Approach

By Catherine J. Morrison Paul and Donald S. Siegel

American Economic Review, March 1999

Scale economies and agglomeration externalities are alleged to be important determinants of economic growth. To assess these effects, the authors outline and estimate a microfoundations model based on a dynamic cost function specification. This model prov...

The Short and Long Run Benefits of Financial Integration

By Riccardo Colacito and Mariano M. Croce

American Economic Review, May 2010

Does Less Income Mean Less Representation?

By Eric Brunner, Stephen L. Ross, and Ebonya Washington

American Economic Journal: Economic Policy, May 2013

We assemble a novel dataset of matched legislative and constituent votes and demonstrate that less income does not mean less representation. We show: (i) The opinions of high- and low-income voters are highly correlated; the legislator's vote often refle...

Flexible Estimation of Treatment Effect Parameters

By Thomas MaCurdy, Xiaohong Chen, and Han Hong

American Economic Review, May 2011

A variety of identification strategies have a common cell structure, in which the observed heterogeneity of the regression defines a partition of the sample into cells. Typically in the presence of exogenous covariates that define the cell structure, iden...

Technology Adoption with Exit in Imperfectly Informed Equity Markets

By Katrin Tinn

American Economic Review, June 2010

This paper focuses on the importance of equity markets in facilitating the exit of entrepreneurs investing in technology. Entrepreneurs' willingness to invest and aggregate output is affected in two opposite ways. First, uncertainty about equity price or...

Intrafirm Trade and Product Contractibility

By Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding, and Peter K. Schott

American Economic Review, May 2010

How Retirement Saving Programs Increase Saving

[Symposium: Government Incentives for Saving]

By James M. Poterba, Steven F. Venti, and David A. Wise

Journal of Economic Perspectives, Fall 1996

This paper summarizes the authors work on the effect of IRA and 401(k) contributions on net personal saving. They consider many different nonparametric approaches to controlling for heterogeneity in individual saving behavior and conclude that the weight ...

Optimal Pension Systems with Simple Instruments

By Mikhail Golosov, Ali Shourideh, Maxim Troshkin, and Aleh Tsyvinski

American Economic Review, May 2013

We analyze optimal pension systems relying on simple policy instruments in a lifecycle environment which admits endogenous decisions of how much to work as well as when to retire. The optimality in this context means the highest welfare that can be achie...

Credit Rationing?

By Dan Bernhardt

American Economic Review, March 2000

Generational Accounting in Europe

By Bernd Raffelhuschen

American Economic Review, May 1999

Sharing Ambiguity

By Larry G. Epstein

American Economic Review, May 2001

Surplus Maximization and Optimality

By Edward E. Schlee

American Economic Review, October 2013

Expected consumer's surplus rarely represents preferences over price lotteries. Still, I give sufficient conditions for policies which maximize aggregate expected surplus to be interim Pareto Optimal. Besides two standard partial equilibrium conditions, I...

Bargaining in Stationary Networks

By Mihai Manea

American Economic Review, August 2011

We study an infinite horizon game in which pairs of players connected in a network are randomly matched to bargain. Players who reach agreement are replaced by new players at the same positions in the network. We show that all equilibria are payoff equiva...

Vertical Control of Price and Inventory

By Harish Krishnan and Ralph A. Winter

American Economic Review, December 2007

This paper offers a simple approach to the theory of decentralizing inventory and pricing decisions along a supply chain. We consider an upstream manufacturer selling to two outlets, which compete as differentiated duopolists and face uncertain demand....

What Do College Seniors Know about Economics?

By William B. Walstad and Sam Allgood

American Economic Review, May 1999

An Interpretation of Recent Research on Exchange Rate Target Zones

By Lars E. O. Svensson

Journal of Economic Perspectives, Fall 1992

How do exchange rate bands work compared to completely fixed rates (between realignments); or, more precisely, what are the dynamics of exchange rates, interest rates, and central bank interventions within exchange rate bands? Does the difference between ...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Fall 1999

Corrigendum: Emerging Market Currency Excess Returns

By Stephen Gilmore and Fumio Hayashi

American Economic Journal: Macroeconomics, January 2012