The American Economic Review

最新文章

• Fat Tails and the Social Cost of Carbon AI翻译
  作者：Weitzman, Martin L.
  作者单位：Harvard University
• Stochastic Choice: An Optimizing Neuroeconomic Model AI翻译
  作者：Woodford, Michael
  作者单位：Columbia University
• Do Prices and Attributes Explain International Differences in Food Purchases? AI翻译
  作者：Dubois, Pierre; Griffith, Rachel; Nevo, Aviv
  作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; University of London; London School Economics & Political Science; Northwestern University
  摘要：Food purchases differ substantially across countries. We use detailed household-level data from the United States, France, and the United Kingdom to (i) document these differences; (ii) estimate a demand system for food and nutrients; and (iii) simulate counterfactual choices if households faced prices and nutritional characteristics from other countries. We find that differences in prices and characteristics are important and can explain some difference (e. g., United States-France difference...
• Time Allocation and Task Juggling AI翻译
  作者：Coviello, Decio; Ichino, Andrea; Persico, Nicola
  作者单位：Universite de Montreal; HEC Montreal; University of Bologna; European University Institute; Northwestern University
  摘要：A single worker allocates her time among different projects which are progressively assigned. When the worker works on too many projects at the same time, the output rate decreases and completion time increases according to a law which we derive. We call this phenomenon task juggling and argue that it is pervasive in the workplace. We show that task juggling is a strategic substitute of worker effort. We then present a model where task juggling is the result of lobbying by clients, or coworker...
• Term Premia and Inflation Uncertainty: Empirical Evidence from an International Panel Dataset: Comment AI翻译
  作者：Bauer, Michael D.; Rudebusch, Glenn D.; Wu, Jing Cynthia
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - San Francisco; University of Chicago
  摘要：Term premia implied by maximum likelihood estimates of affine term structure models are misleading because of small-sample bias. We show that accounting for this bias alters the conclusions about the trend, cycle, and macroeconomic determinants of the term premia estimated in Wright (2011). His term premium estimates are essentially acyclical, and often just parallel the secular trend in long-term interest rates. In contrast, bias-corrected term premia show pronounced countercyclical behavior,...
• Efficient Entry in Competing Auctions AI翻译
  作者：Albrecht, James; Gautier, Pieter A.; Vroman, Susan
  作者单位：Georgetown University; Vrije Universiteit Amsterdam
  摘要：In this paper, we demonstrate the efficiency of seller entry in a model of competing auctions in which we allow for both buyer and seller heterogeneity. This generalizes existing efficiency results in the competitive search literature by simultaneously allowing for nonrival (many-on-one) meetings and private information.
• Gift Exchange versus Monetary Exchange: Theory and Evidence AI翻译
  作者：Duffy, John; Puzzello, Daniela
  作者单位：University of California System; University of California Irvine; Indiana University System; Indiana University Bloomington
  摘要：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 which Pareto dominate the monetary equilibrium. We find that subjects avoid the gift exchange equilibria in favor of the monetary equilibrium. We also study versions of the model without money where all equilibria involve non-monetary gift exchang...
• Estimates of Annual Consumption Expenditures and Its Major Components in the PSID in Comparison to the CE AI翻译
  作者：Andreski, Patricia; Li, Geng; Samancioglu, Mehmet Zahid; Schoeni, Robert
  作者单位：University of Michigan System; University of Michigan; Federal Reserve System - USA; Federal Reserve System Board of Governors; University of Michigan System; University of Michigan; University of Michigan System; University of Michigan; University of Michigan System; University of Michigan
• Renegotiation Policies in Sovereign Defaults AI翻译
  作者：Arellano, Cristina; Bai, Yan
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research; University of Rochester
• The Impact of Medicaid on Labor Market Activity and Program Participation: Evidence from the Oregon Health Insurance Experiment AI翻译
  作者：Baicker, Katherine; Finkelstein, Amy; Song, Jae; Taubman, Sarah
  作者单位：Harvard University; Harvard T.H. Chan School of Public Health; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research