The American Economic Review

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• Historical property rights, sociality, and the emergence of impersonal exchange in long-distance trade AI翻译
  作者：Kimbrough, Erik O.; Smith, Vernon L.; Wilson, Bart J.
  作者单位：George Mason University; Chapman University System; Chapman University
  摘要：This laboratory experiment explores the extent to which impersonal exchange emerges from personal exchange with opportunities for long-distance trade. We design a three-commodity production and exchange economy in which agents in three geographically separated villages must develop multilateral exchange networks to import a good only available abroad. For treatments, we induce two distinct institutional histories to investigate how past experience with property rights affects the evolution of ...
• Macroeconomics for a modern economy AI翻译
  作者：Phelps, Edmund S.
  作者单位：Columbia University
• The search for economics talent: Doctoral completion and research productivity AI翻译
  作者：Grove, Wayne A.; Wu, Stephen
  作者单位：Le Moyne College; Hamilton College
• The missing motivation in macroeconomics AI翻译
  作者：Akerlof, George A.
  作者单位：University of California System; University of California Berkeley
• Credible commitment to optimal escape from a liquidity trap: The role of the balance sheet of an independent central bank AI翻译
  作者：Jeanne, Olivier; Svensson, Lars E. O.
  作者单位：International Monetary Fund; Princeton University; National Bureau of Economic Research
• Consumer bankruptcy: A fresh start AI翻译
  作者：Livshits, Igor; MacGee, James; Tertilt, Michele
  作者单位：Western University (University of Western Ontario); Stanford University
• Does price matter in charitable giving? Evidence from a large-scale natural field experiment AI翻译
  作者：Karlan, Dean; List, John A.
  作者单位：Yale University; University of Chicago; National Bureau of Economic Research
  摘要：We conducted a natural field experiment to further our understanding of the economics of charity. Using direct mail solicitations to over 50,000 prior donors of a nonprofit organization, we tested the effectiveness of a matching grant on charitable giving. We find that the match offer increases both the revenue per solicitation and the response rate. Larger match ratios (i.e., $3:$1 and $2:$1) relative to a smaller match ratio ($1:$1) had no additional impact, however. The results provide aven...
• Effects of environmental and land use regulation in the oil and gas industry using the Wyoming checkerboard as an experimental design (Retraction of vol 92, pg 1588, 2002) AI翻译
  作者：Gerking, Shelby; Morgan, William E.
  作者单位：State University System of Florida; University of Central Florida; University of Wyoming
• Optimal inattention to the stock market AI翻译
  作者：Abel, Andrew B.; Eberly, Janice C.; Panageas, Stavros
  作者单位：University of Pennsylvania; Northwestern University
• Internet advertising and the generalized second-price auction: Selling billions of dollars worth of keywords AI翻译
  作者：Edelman, Benjamin; Ostrovsky, Michael; Schwarz, Michael
  作者单位：Harvard University; Stanford University; Yahoo! Inc
  摘要：We investigate the generalized second-price (GSP) auction, a new mechanism used by search engines to sell online advertising. Although GSP looks similar to the Vickrey-Clarke-Groves (VCG) mechanism, its properties are very different. Unlike the VCG mechanism, GSP generally does not have an equilibrium in dominant strategies, and truth-telling is not an equilibrium of GSP. To analyze the properties of GSP, we describe the generalized English auction that corresponds to GSP and show that it has ...