The American Economic Review

最新文章

• Adding a stick to the carrot? The interaction of bonuses and fines AI翻译
  作者：Fehr, Ernst; Schmidt, Klaus A.
  作者单位：University of Zurich; University of Munich
• Surviving Andersonville: The benefits of social networks in POW camps AI翻译
  作者：Costa, Dora L.; Kahn, Matthew E.
  作者单位：Massachusetts Institute of Technology (MIT); University of California System; University of California Los Angeles; University of California System; University of California Los Angeles
• The technology of skill formation AI翻译
  作者：Cunha, Flavio; Heckman, James
  作者单位：University of Chicago
• Search in asset markets: Market structure, liquidity, and welfare AI翻译
  作者：Lagos, Ricardo; Rocheteau, Guillaume
  作者单位：New York University; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; Federal Reserve System - USA; Federal Reserve Bank - Cleveland
• How occupied France financed its own exploitation in World War II AI翻译
  作者：Occhino, Filippo; Oosterlinck, Kim; White, Eugene N.
  作者单位：Rutgers University System; Rutgers University New Brunswick; Universite Libre de Bruxelles
• Vertical control of price and inventory AI翻译
  作者：Krishnan, Harish; Winter, Ralph A.
  作者单位：University of British Columbia
  摘要：This paper offers a simple approach to the theory of decentralizing inventory and pricing decisions along a supply chain. We consider an upstream manufacturer selling to two outlets, which compete as differentiated duopolists and face uncertain demand. Demand spillovers between the outlets arise in the event of stockouts. The price mechanism, in which each outlet pays a two-part price and chooses price and inventory, virtually never coordinates incentives efficiently. Contracts that can elicit...
• Projection bias in catalog orders AI翻译
  作者：Conlin, Michael; O'Donoghue, Ted; Vogelsang, Nmothy J.
  作者单位：Michigan State University; Cornell University
  摘要：Evidence suggests that people understand qualitatively how tastes change over time, but underestimate the magnitudes. This evidence is limited, however, to laboratory evidence or surveys of reported happiness. We test for such projection bias infield data. Using data on catalog orders of cold-weather items, we find evidence of projection bias over the weather-specifically, people's decisions are over influenced by the current weather. Our estimates suggest that if the order-date temperature de...
• Exchange Asymmetries incorrectly interpreted as evidence of endowment effect theory and prospect theory? AI翻译
  作者：Plott, Charles R.; Zeiler, Kathryn
  作者单位：California Institute of Technology; Georgetown University
• Meeting strangers and friends of friends: How random are social networks? AI翻译
  作者：Jackson, Matthew O.; Rogers, Brian W.
  作者单位：Stanford University; Northwestern University
  摘要：We present a dynamic model of network formation where nodes find other nodes with whom to form links in two ways: some are found uniformly at random, while others are found by searching locally through the current structure of the network (e.g., meeting friends of friends). This combination of meeting processes results in a spectrum of features exhibited by large social networks, including the presence of more high- and low-degree nodes than when links are formed independently at random, havin...
• On the cyclicality of research and development AI翻译
  作者：Barlevy, Gadi
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago
  摘要：Economists have recently argued recessions play a useful role in fostering growth. Yet a major source of growth, R&D, is procyclical. This paper argues one reason for procyclical R&D is a dynamic externality inherent in R&D that makes entrepreneurs short-sighted and concentrate their innovation in booms, even when it is optimal to concentrate it in recessions. Additional forces may imply that procyclical R&D is desirable, but equilibrium R&D is likely to be too procyclical, and,macroeconomic s...