The American Economic Review

最新文章

• Trade and the Global Recession AI翻译
  作者：Eaton, Jonathan; Kortum, Samuel; Neiman, Brent; Romalis, John
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; National Bureau of Economic Research; Yale University; University of Chicago; University of Sydney
  摘要：We develop a dynamic multicountry general equilibrium model to investigate forces acting on the global economy during the Great Recession and ensuing recovery. Our multisector framework accounts completely for countries' trade, investment, production, and GDPs in terms of different sets of shocks. Applying the model to 21 countries, we investigate the 29 percent drop in world trade in manufactures during the period 2008-2009. A shift in final spending away from tradable sectors, largely caused...
• Disruptive Change in the Taxi Business: The Case of Uber AI翻译
  作者：Cramer, Judd; Krueger, Alan B.
  作者单位：Princeton University
• Has the Increased Attachment of Women to the Labor Market Changed a Family's Ability to Smooth Income Shocks? AI翻译
  作者：Gorbachev, Olga
  作者单位：University of Delaware
• Toward an International Migration Regime AI翻译
  作者：Sachs, Jeffrey D.
  作者单位：Columbia University
• The Determinants and Welfare Implications of US Workers' Diverging Location Choices by Skill: 1980-2000 AI翻译
  作者：Diamond, Rebecca
  作者单位：Stanford University
  摘要：From 1980 to 2000, the rise in the US college/high school graduate wage gap coincided with increased geographic sorting as college graduates concentrated in high wage, high rent cities. This paper estimates a structural spatial equilibrium model to determine causes and welfare consequences of this increased skill sorting. While local labor demand changes fundamentally caused the increased skill sorting, it was further fueled by endogenous increases in amenities within higher skill cities. Chan...
• Dictating the Risk: Experimental Evidence on Giving in Risky Environments: Comment AI翻译
  作者：Krawczyk, Michal; Le Lec, Fabrice
  作者单位：University of Warsaw; heSam Universite; Universite Pantheon-Sorbonne
  摘要：Based on experimental dictator games with probabilistic prospects, Brock, Lange, and Ozbay (2013) conclude that neither ex post nor ex ante comparisons can fully account for observed behavior. We argue that their conclusion that ex ante comparisons cannot explain the data is at best weakly supported by their results, and do so on three grounds: (i) the absence of significant differences between the most relevant treatments, (ii) the implicit assumption of subjects' risk neutrality, and (iii) t...
• Intertemporal Price Discrimination: Dynamic Arrivals and Changing Values AI翻译
  作者：Garrett, Daniel F.
  作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
  摘要：We study the profit-maximizing price path of a monopolist selling a durable good to buyers who arrive over time and whose values for the good evolve stochastically. The setting is completely stationary with an infinite horizon. Contrary to the case with constant values, optimal prices fluctuate with time. We argue that consumers' randomly changing values offer an explanation for temporary price reductions that are often observed in practice.
• Endogenous Entry to - Security-Bid Auctions AI翻译
  作者：Sogo, Takeharu; Bernhardt, Dan; Liu, Tingjun
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Warwick; University of Hong Kong; Renmin University of China
  摘要：We endogenize entry to a security-bid auction, where participation is costly and bidders must decide given their private valuations whether to participate. We first consider any minimum reserve security-bid of a fixed expected value that weakly exceeds the asset's value when retained by the seller. DeMarzo, Kremer, and Skrzypacz (2005) establish that with a fixed number of bidders, auctions with steeper securities yield the seller more revenues. Counterintuitively, we find that auctions with s...
• Network Structure and the Aggregation of Information: Theory and Evidence from Indonesia AI翻译
  作者：Alatas, Vivi; Banerjee, Abhijit; Chandrasekhar, Arun G.; Hanna, Rema; Olken, Benjamin A.
  作者单位：The World Bank; Massachusetts Institute of Technology (MIT); Stanford University; Harvard University
  摘要：We use unique data from over 600 Indonesian communities on what individuals know about the poverty status of others to study how network structure influences information aggregation. We develop a model of semi-Bayesian learning on networks, which we structurally estimate using within-village data. The model generates qualitative predictions about how cross-village patterns of learning relate to network structure, which we show are borne out in the data. We apply our findings to a community-bas...
• Behavioral Economics: Past, Present, and Future AI翻译
  作者：Thaler, Richard H.
  作者单位：University of Chicago