The American Economic Review

最新文章

• Selection bias, demographic effects, and ability effects in common value auction experiments AI翻译
  作者：Casari, Marco; Ham, John C.; Kagel, John H.
  作者单位：Purdue University System; Purdue University; University of Southern California; University System of Ohio; Ohio State University
  摘要：Inexperienced women, along with economics and business majors, are much more susceptible to the winner's curse, as are subjects with lower SAT/ACT scores. There are strong selection effects in bid function estimates for inexperienced and experienced subjects due to bankruptcies and bidders who have lower earnings returning less frequently as experienced subjects. These selection effects are not identified using standard econometric techniques but are identified through experimental treatment e...
• Individual behavior and group membership AI翻译
  作者：Charness, Gary; Rigotti, Luca; Rustichini, Aldo
  作者单位：University of California System; University of California Santa Barbara; Duke University; University of Minnesota System; University of Minnesota Twin Cities
  摘要：People who are members of a group and identify with it behave differently from people who perceive themselves as isolated individuals. This paper shows that group membership affects preferences over outcomes, and saliency of the group affects the perception of the environment. We manipulate the saliency of group membership by letting a player's own group watch as a passive audience as decisions are made, and/or by making part of the payoff common for members of the group. In contrast to the mi...
• Generalizing the Taylor principle AI翻译
  作者：Davig, Troy; Leeper, Eric M.
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Kansas City; Indiana University System; Indiana University Bloomington; National Bureau of Economic Research
  摘要：The paper generalizes the Taylor principle-the proposition that central banks can stabilize the macroeconomy by raising their interest rate instrument more than one-for-one in response to higher inflation-to an environment in which reaction coefficients in the monetary policy rule change regime, evolving according to a Markov process. We derive a long-run Taylor principle which delivers unique bounded equilibria in two standard models. Policy can satisfy the Taylor principle in the long run, e...
• Information percolation in large markets AI翻译
  作者：Duffie, Darrell; Manso, Gustavo
  作者单位：Stanford University; Massachusetts Institute of Technology (MIT)
• Auctions with anticipated regret: Theory and experiment AI翻译
  作者：Filiz-Ozbay, Emel; Ozbay, Erkut Y.
  作者单位：Columbia University; New York University
• Tradeoffs from integrating diagnosis and treatment in markets for health care AI翻译
  作者：Afendulis, Christopher C.; Kessler, Daniel P.
  作者单位：Harvard University; Harvard Medical School; Stanford University
• Sticky-price models and durable goods AI翻译
  作者：Barsky, Robert B.; House, Christopher L.; Kimball, Miles S.
  作者单位：University of Michigan System; University of Michigan; National Bureau of Economic Research; National Bureau of Economic Research
• Trust as a signal of a social norm and the hidden costs of incentive schemes AI翻译
  作者：Sliwka, Dirk
  作者单位：University of Cologne
• Was development assistance a mistake? AI翻译
  作者：Easterly, William
  作者单位：New York University
• Investment under uncertainty with strategic debt service AI翻译
  作者：Sundaresan, Suresh; Wang, Neng
  作者单位：Columbia University