The American Economic Review

最新文章

• Collusive practices in repeated English auctions: Experimental evidence on bidding rings AI翻译
  作者：Phillips, OR; Menkhaus, DJ; Coatney, KT
  作者单位：University of Wyoming; University of Wyoming; United States Department of Agriculture (USDA)
• How welfare policies affect child and adolescent achievement AI翻译
  作者：Clark-Kauffman, E; Duncan, GJ; Morris, P
  作者单位：Northwestern University
• Social security and individual accounts as elements of overall risk-sharing AI翻译
  作者：Shiller, RJ
  作者单位：Yale University; Yale University
• Optimal contracting with subjective evaluation AI翻译
  作者：MacLeod, WB
  作者单位：University of Southern California; University of Southern California
  摘要：This paper extends the standard principal-agent model to allow for subjective evaluation. The optimal contract results in more compressed pay relative to the case with verifiable performance measures. Moreover, discrimination against an individual implies lower pay and performance, suggesting that the extent of discrimination as measured after controlling for performance may underestimate the level of true discrimination. Finally, the optimal contract entails the use of bonus pay rather than t...
• Optimal pricing mechanisms with unknown demand AI翻译
  作者：Segal, I
  作者单位：Stanford University
  摘要：The standard profit-maximizing multiunit auction intersects the submitted demand curve with a preset reservation supply curve, which is determined using the distribution from which the buyers' valuations are drawn. However, when this distribution is unknown, a preset supply curve cannot maximize monopoly profits. The optimal pricing mechanism in this situation sets a price for each buyer on the basis of the demand distribution inferred statistically from other buyers' bids. The resulting profi...
• The effects of environmental regulation on technology diffusion: The case of chlorine manufacturing AI翻译
  作者：Snyder, LD; Miller, NH; Stavins, RN
  作者单位：Harvard University
• The performance of forecast-based monetary policy rules under model uncertainty AI翻译
  作者：Levin, A; Wieland, V; Williams, JC
  作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; Goethe University Frankfurt
  摘要：We investigate the performance of forecast-based monetary policy rules using five macroeconomic models that reflect a wide range of views on aggregate dynamics. We identify the key characteristics of rules that are robust to model uncertainty; such rules respond to the one-year-ahead inflation forecast and to the current output gap and incorporate a substantial degree of policy inertia. In contrast, rules with longer forecast horizons are less robust and are prone to generating indeterminacy. ...
• Market design: The policy uses of theory AI翻译
  作者：McMillan, J
  作者单位：Stanford University
• The evolution of human life expectancy and intelligence in hunter-gatherer economies AI翻译
  作者：Robson, AJ; Kaplan, HS
  作者单位：Western University (University of Western Ontario); University of New Mexico
  摘要：The economics of hunting and gathering must have driven the biological evolution of human characteristics, since hunter-gatherer societies prevailed for the two million years of human history. These societies feature huge intergenerational resource flows, suggesting that these resource flows should replace fertility as the key demographic consideration. It is then theoretically expected that life expectancy and brain size would increase simultaneously, as apparently occurred during our evoluti...
• Pregnancy and the demand for cigarettes AI翻译
  作者：Bradford, WD
  作者单位：Medical University of South Carolina