On the Robustness of Anchoring Effects in WTP and WTA Experiments

By Drew Fudenberg, David K. Levine, and Zacharias Maniadis

American Economic Journal: Microeconomics, May 2012

We reexamine the effects of the anchoring manipulation of Ariely, Loewenstein, and Prelec (2003) on the evaluation of common market goods and find very weak anchoring effects. We perform the same manipulation on the evaluation of binary lotteries, and fin...

Minutes of the Meeting of the Executive Committee: Denver, CO, January 6, 2011

By John J. Siegfried

American Economic Review, May 2011

Distinguished Fellow: Herbert Scarf's Contributions to Economics

By Kenneth J. Arrow and Timothy J. Kehoe

Journal of Economic Perspectives, Fall 1994

For the past thirty-five years, Herbert Scarf has made fundamental contributions in studies of inventories, the core, computation of equilibria, and integer programming. His work has simultaneously sought the most general and abstract formulations while s...

Differential Impacts of Immigrants on Native Black and White Workers

By Paul Ong and Don Mar

American Economic Review, May 2007

Estimating the Effect of Salience in Wholesale and Retail Car Markets

By Meghan R. Busse, Nicola Lacetera, Devin G. Pope, Jorge Silva-Risso, and Justin R. Sydnor

American Economic Review, May 2013

We investigate whether the first digit of an odometer reading is more salient to consumers than subsequent digits. We find that retail transaction prices and volumes of used vehicles drop discontinuously at 10,000-mile odometer thresholds, echoing effects...

Voter Preferences, Polarization, and Electoral Policies

By Yuichiro Kamada and Fuhito Kojima

American Economic Journal: Microeconomics, November 2014

In most variants of the Hotelling-Downs model of election, it is assumed that voters have concave utility functions. This assumption is arguably justified in issues such as economic policies, but convex utilities are perhaps more appropriate in others suc...

Time Use, Emotional Well-Being, and Unemployment: Evidence from Longitudinal Data

By Alan B. Krueger and Andreas I. Mueller

American Economic Review, May 2012

This paper provides new evidence on the time use and emotional well-being of unemployed individuals in the weeks before and after starting a new job. The major findings are: (1) time spent on home production drops sharply at the time of re-employment, eve...

Annual Income and Identity Formation among Persons of Mexican Descent

By Patrick L. Mason

American Economic Review, May 2001

Did the Tax Reform Act of 1986 Simplify Tax Matters?

[Symposium: Tax Reform Act of 1986]

By Joel Slemrod

Journal of Economic Perspectives, Winter 1992

This paper attempts to assess whether the Tax Reform Act of 1986 simplified tax matters significantly, or at all. I conclude that, despite a few scattered signs that tax-related financial planning has declined, the compliance cost of the income tax system...

Report: Committee on Economic Education

By Sam Allgood

American Economic Review, May 2013

Editors' Introduction

By William R. Johnson and Jane E. Voros

American Economic Review, May 2008

Gift Exchange versus Monetary Exchange: Theory and Evidence

By John Duffy and Daniela Puzzello

American Economic Review, June 2014

We study the Lagos and Wright (2005) model of monetary exchange in the laboratory. With a finite population of sufficiently patient agents, this model has a unique monetary equilibrium and a continuum of non-monetary gift exchange equilibria, some of w...

Information Aggregation and Strategic Abstention in Large Laboratory Elections

By Marco Battaglini, Rebecca B. Morton, and Thomas R. Palfrey

American Economic Review, May 2008

Beware of Venturing into Private Equity

[Symposium: Private Equity]

By Ludovic Phalippou

Journal of Economic Perspectives, Winter 2009

As a step towards understanding whether a private equity governance structure reduces overall agency conflicts relative to a public equity governance structure (as is often argued), this paper describes the contracts between private equity funds and inve...

Pride and Diversity in Social Economies

By Fabio Maccheroni, Massimo Marinacci, and Aldo Rustichini

American Economic Journal: Microeconomics, November 2014

We study a two-period economy in which agents preferences take into account their relative economic position. The study builds on a decision theoretic analysis of the social emotions that underlie these relative concerns. These emotions, envy and pride...

The Power of Political Voice: Women's Political Representation and Crime in India

By Lakshmi Iyer, Anandi Mani, Prachi Mishra, and Petia Topalova

American Economic Journal: Applied Economics, October 2012

Using state-level variation in the timing of political reforms, we find that an increase in female representation in local government induces a large and significant rise in documented crimes against women in India. Our evidence suggests that this increa...

Economics: A Moral Inquiry with Religious Origins

By Benjamin M. Friedman

American Economic Review, May 2011

In contrast to the standard interpretation of the origins of economics out of the secular European Enlightenment of the 18th century, the transition in thinking that we rightly identify with Adam Smith and his contemporaries and followers, which gave us e...

"Build-or-Buy" Strategies in the Local Loop

By Marc Bourreau and Pınar Doğan

American Economic Review, May 2006

Poverty Volatility and Macroeconomic Quiescence

By Philip N. Jefferson

American Economic Review, May 2008

Computer Network Resources for Economists

[Symposium: Internet]

By William L. Goffe

Journal of Economic Perspectives, Summer 1994

This paper outlines resources for economists on the Internet, the large and very rapidly expanding computer network that is revolutionizing research in many fields. Even at this early stage, there are a number of very useful resources (such as large datab...