Heat Exposure and Youth Migration in Central America and the Caribbean

By Javier Baez, German Caruso, Valerie Mueller, and Chiyu Niu

American Economic Review, May 2017

We employ a triple difference-in-difference approach, using censuses and georeferenced temperature data, to quantify heat effects on internal migration in Central America and the Caribbean. A 1-standard deviation increase in heat would affect the lives of...

The Greenspan Era: Discretion, Rather than Rules

By Benjamin M. Friedman

American Economic Review, May 2006

How Much Should Americans Be Saving for Retirement?

By B. Douglas Bernheim, Lorenzo Forni, Jagadeesh Gokhale, and Laurence J. Koltikoff

American Economic Review, May 2000

Is Wikipedia Biased?

By Shane Greenstein and Feng Zhu

American Economic Review, May 2012

This study empirically examines whether Wikipedia has a neutral point of view. It develops a method for measuring the slant of 28 thousand articles about US politics. In its earliest years, Wikipedia's political entries lean Democrat on average. The slant...

Symposium on Takeovers

[Symposium: Takeovers]

By Hal R. Varian

Journal of Economic Perspectives, Winter 1988

Of the hundred largest mergers and acquisitions on record up to 1984, 65 occurred between 1981 and 1983, and only 11 occurred prior to 1979. During the 1981-84 period, there were at least 45 transactions of over a billion dollars apiece; prior to this per...

Recent Theoretical Work on the Soft Budget Constraint

By Eric S. Maskin

American Economic Review, May 1999

An Estimate Dynamic Model of Entry, Exit, and Growth in Oligopoly Retail Markets

By Victor Aguirregabiria, Pedro Mira, and Hernan Roman

American Economic Review, May 2007

The Pricing of Academic Journals: A Two-Sided Market Perspective

By Doh-Shin Jeon and Jean-Charles Rochet

American Economic Journal: Microeconomics, May 2010

More and more academic journals are adopting an open access policy by which articles are accessible free of charge, while publication costs are recovered through author fees. We study the consequences of this open access policy on the quality standard of ...

Long Run Risks, Credit Markets, and Financial Structure

By Harjoat S. Bhamra, Lars-Alexander Kuehn, and Ilya A. Strebulaev

American Economic Review, May 2010

How Strong Are Weak Patents?

By Joseph Farrell and Carl Shapiro

American Economic Review, September 2008

We study the welfare economics of probabilistic patents that are licensed without a full determination of validity. We examine the social value of instead determining patent validity before licensing to downstream technology users, in terms of deadweig...

Detecting Illegal Arms Trade

By Stefano DellaVigna and Eliana La Ferrara

American Economic Journal: Economic Policy, November 2010

We propose a method to detect illegal arms trade based on investor knowledge. We focus on countries under arms embargo and identify events that suddenly increase or decrease conflict intensity. If a weapon-making company is trading illegally, an event tha...

Ideologues Beat Idealists

By Sambuddha Ghosh and Vinayak Tripathi

American Economic Journal: Microeconomics, May 2012

Our model considers a majority election between two candidates—an ideologue committed to a fixed policy and an idealist who implements the ex post choice of the majority. Voters are aware that their individual rankings of policies may change after t...

Pandora's Auctions: Dynamic Matching with Unknown Preferences

By Daniel Fershtman and Alessandro Pavan

American Economic Review, May 2017

Matching theory typically assumes that agents know their values for possible partners and confines attention to settings in which matching is either static, or driven by population dynamics. In many environments of interest, instead, dynamics originate in...

Are Drugs Substitutes or Complements for Intensive (and Expensive) Medical Treatment

By Yuting Zhang, Joseph P. Newhouse, and Katherine Baicker

American Economic Review, May 2011

Little is known about the relationship between variation in drug and non-drug medical treatment and how areas may substitute one type of care for the other. Using pharmacy and medical claims data for Medicare beneficiaries, we examine whether areas with m...

Inward Foreign Direct Investment and Racial Employment Patterns in US Manufacturing

By Abera Gelan, Kaye Husbands Fealing, and James Peoples

American Economic Review, May 2007

Patent Litigation with Endogenous Disputes

By James E. Bessen and Michael J. Meurer

American Economic Review, May 2006

Inertia of Forward-Looking Expectations

By Stephen Morris and Hyun Song Shin

American Economic Review, May 2006

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Spring 1992

Testing the (S, s) Model

By Christopher Foote, Erik Hurst, and John Leahy

American Economic Review, May 2000

Working to Improve the Consumer Price Index

[Symposium: Measuring the CPI]

By Katharine G. Abraham, John S. Greenlees, and Brent R. Moulton

Journal of Economic Perspectives, Winter 1998

In this paper, we first comment on the recent (1996) report of the Advisory Commission to Study the Consumer Price Index, appointed by the U.S. Senate Finance Committee, and the recommendations it contains. We then describe some of the initiatives current...