The American Economic Review

最新文章

• Did the Housing Price Bubble Clobber Local Labor Market Job and Worker Flows When It Burst? AI翻译
  作者：Abowd, John M.; Vilhuber, Lars
  作者单位：Cornell University
• The Nonlinear Relationship between Terrorism and Poverty AI翻译
  作者：Enders, Walter; Hoover, Gary A.
  作者单位：University of Alabama System; University of Alabama Tuscaloosa
• Copyright Research in the Digital Age: Moving from Piracy to the Supply of New Products AI翻译
  作者：Waldfogel, Joel
  作者单位：University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research
• What Drives US Foreign Borrowing? Evidence on the External Adjustment to Transitory and Permanent Shocks AI翻译
  作者：Corsetti, Giancarlo; Konstantinou, Panagiotis Th.
  作者单位：Centre for Economic Policy Research - UK; University of Cambridge; University of Macedonia
• Spatial Differentiation and Vertical Mergers in Retail Markets for Gasoline AI翻译
  作者：Houde, Jean-Francois
  作者单位：University of Pennsylvania
  摘要：This paper studies an empirical model of spatial competition applied to gasoline markets. The main feature is to specify commuting paths as the locations'' of consumers in a Hotelling-style model. As a result, spatial differentiation depends in an intuitive way on the structure of the road network and the direction of traffic flows. The model is estimated using panel data on the Quebec City gasoline market and used to evaluate the consequences of a recent vertical merger. Difference-in-differe...
• The Value of Information in the Court: Get it Right, Keep it Tight AI翻译
  作者：Iaryczower, Matias; Shum, Matthew
  作者单位：Princeton University; California Institute of Technology
  摘要：We estimate an equilibrium model of decision making in the US Supreme Court that takes into account both private information and ideological differences between justices. We measure the value of information in the court by the probability that a justice votes differently from how she would have voted without case-specific information. Our results suggest a sizable value of information: in 44 percent of cases, justices' initial leanings are changed by their personal assessments of the case. Our...
• Disaster Risk and Business Cycles AI翻译
  作者：Gourio, Francois
  作者单位：Boston University; National Bureau of Economic Research
  摘要：Motivated by the evidence that risk premia are large and countercyclical, this paper studies a tractable real business cycle model with a small risk of economic disaster, such as the Great Depression. An increase in disaster risk leads to a decline of employment, output, investment, stock prices, and interest rates, and an increase in the expected return on risky assets. The model matches well data on quantities, asset prices, and particularly the relations between quantities and prices, sugge...
• Understanding Bubbly Episodes AI翻译
  作者：Carvalho, Vasco M.; Martin, Alberto; Ventura, Jaume
• The Impact of the Massachusetts Health Care Reform on Health Care Use Among Children AI翻译
  作者：Miller, Sarah
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign
• The Long-Term Effects of UI Extensions on Employment AI翻译
  作者：Schmieder, Johannes F.; von Wachter, Till; Bender, Stefan
  作者单位：Boston University; Columbia University