The Optimal Allocation of Prizes in Contests

By Benny Moldovanu and Aner Sela

American Economic Review, June 2001

We study a contest with multiple, nonidentical prizes. Participants are privately informed about a parameter (ability) affecting their costs of effort. The contestant with the highest effort wins the first prize, the contestant with the second-highest eff...

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Fall 2012

Women in the Economics Profession

By Shulamit B. Kahn

Journal of Economic Perspectives, Fall 1995

This article discusses evidence from recent literature on gender literature on gender differences among Ph.D. economists. It finds many gender similarities in accomplishments, including undergraduate grades, publication rates (ceteris paribus), and labor ...

Is the Volatility of the Market Price of Risk Due to Intermittent Portfolio Rebalancing?

By YiLi Chien, Harold Cole, and Hanno Lustig

American Economic Review, October 2012

Our paper examines whether the failure of unsophisticated investors to rebalance their portfolios can help to explain the countercyclical volatility of aggregate risk compensation in financial markets. To answer this question, we set up a model in which a...

An Evaluation of the Treasury Plan for Banking Reform

By Frederic S. Mishkin

Journal of Economic Perspectives, Winter 1992

The Treasury plan for banking reform--Modernizing the Financial System: Recommendations for Safer More Competitive Banks--was released on February 5, 1991 (U.S. Treasury, 1991), and has a stated purpose of promoting a safe, sound, and competitive banking ...

Antitrust Law and Innovation Cooperation

[Symposium: Collaboration, Innovation and Antitrust]

By Joseph F. Brodley

Journal of Economic Perspectives, Summer 1990

Should innovation collaboration among high technology firms be subject to the antitrust laws? My own analysis concludes that innovation collaboration, particularly when it encompasses production and marketing, can create anticompetitive risks, and should ...

The Inflation-Output Trade-Off with Downward Wage Rigidities

By Pierpaolo Benigno and Luca Antonio Ricci

American Economic Review, June 2011

The macroeconomic implications of downward nominal wage rigidities are analyzed via a dynamic stochastic general equilibrium model featuring aggregate and idiosyncratic shocks. A closed-form solution for a long-run Phillips curve relates average output...

Screening, Competition, and Job Design: Economic Origins of Good Jobs

By Björn Bartling, Ernst Fehr, and Klaus M. Schmidt

American Economic Review, April 2012

High-performance work systems give workers more discretion, thereby increasing effort productivity but also shirking opportunities. We show experimentally that screening for work attitude and labor market competition are causal determinants of the viabili...

International Trade and Income Differences

By Michael E. Waugh

American Economic Review, December 2010

I develop a novel view of the trade frictions between rich and poor countries by arguing that to reconcile bilateral trade volumes and price data within a standard gravity model, the trade frictions between rich and poor countries must be systematically a...

Corrigendum: Pride and Diversity in Social Economies

By Fabio Maccheroni, Massimo Marinacci, and Aldo Rustichini

American Economic Journal: Microeconomics, February 2015

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Spring 2017

Real Wage Inequality

By Enrico Moretti

American Economic Journal: Applied Economics, January 2013

While nominal wage differences between skilled and unskilled workers have increased since 1980, college graduates have experienced larger increases in cost of living because they have increasingly concentrated in cities with high cost of housing. Using...

JEL Classification System

Journal of Economic Literature, June 2011

White-Collar Crime Writ Small: A Case Study of Bagels, Donuts, and the Honor System

By Steven D. Levitt

American Economic Review, May 2006

The Impact of Group Membership on Cooperation and Norm Enforcement: Evidence Using Random Assignment to Real Social Groups

By Lorenz Goette, David Huffman, and Stephan Meier

American Economic Review, May 2006

Vertical Integration and Competition

By Philippe Aghion, Rachel Griffith, and Peter Howitt

American Economic Review, May 2006

When Does Coordination Require Centralization? Corrigendum

By Ricardo Alonso, Wouter Dessein, and Niko Matouschek

American Economic Review, June 2008

Front Matter

American Economic Journal: Applied Economics, October 2016

The Economic Performance of African-American-Owned Banks: The Role of Loan Loss Provisions

By Christopher C. Henderson

American Economic Review, May 1999

Habit Formation in Voting: Evidence from Rainy Elections

By Thomas Fujiwara, Kyle Meng, and Tom Vogl

American Economic Journal: Applied Economics, October 2016

We estimate habit formation in voting--the effect of past on current turnout--by exploiting transitory voting cost shocks. Using county-level data on US presidential elections from 1952-2012, we find that rainfall on current and past election days reduces...