The American Economic Review

最新文章

• Good principals or good peers? Parental valuation of school characteristics, tiebout equilibrium, and the incentive effects of competition among jurisdictions AI翻译
  作者：Rothstein, Jesse M.
  作者单位：Princeton University; Princeton University
• War and institutions: New evidence from Sierra Leone AI翻译
  作者：Bellows, John; Miguel, Edward
  作者单位：University of California System; University of California Berkeley
• Politically connected firms AI翻译
  作者：Faccio, M
  作者单位：Vanderbilt University
• National treatment in the GATT AI翻译
  作者：Horn, H
  作者单位：Stockholm University
• Taxes, cigarette consumption, and smoking intensity AI翻译
  作者：Adda, Jerome; Cornaglia, Francesca
  作者单位：University of London; University College London
  摘要：This paper analyses the compensatory behavior of smokers. Exploiting data on cotinine concentration-a metabolite of nicotine-measured in a large population of smokers over time, we show that smokers compensate for tax hikes by extracting more nicotine per cigarette. Our study makes two important contributions. First, as, smoking a given cigarette more intensively is detrimental to health, our results, question the usefulness of tax increases. Second, we develop a model of rational addiction wh...
• Persistent distortionary policies with asymmetric information AI翻译
  作者：Mitcell, MF; Moro, A
  作者单位：University of Iowa; Federal Reserve System - USA; Federal Reserve Bank - New York
• On the workings of a cartel: Evidence from the Norwegian cement industry AI翻译
  作者：Röller, LH; Steen, F
  作者单位：Humboldt University of Berlin; Norwegian School of Economics (NHH)
• Speculative growth: Hints from the US economy AI翻译
  作者：Caballero, Ricardo J.; Farhi, Emmanuel; Hammour, Mohamad L.
  作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
  摘要：We propose a framework for understanding episodes of vigorous economic expansion and extreme asset valuations. We interpret this phenomenon as a high-valuation equilibrium with a low cost of capital based on optimism about future funding. The key ingredient for such equilibrium is feedback from increased growth to a decline in the long-run cost of capital. This feedback arises when an expansion comes with technological progress in the capital sector, when fiscal rules generate procyclical fisc...
• Life-cycle variation in the association between current and lifetime earnings AI翻译
  作者：Haider, Steven; Solon, Gary
  作者单位：Michigan State University; University of Michigan System; University of Michigan
• A letter to Ben Bernanke AI翻译
  作者：Mankiw, N. Gregory
  作者单位：Harvard University