The American Economic Review

最新文章

• Rules of thumb versus dynamic programming AI翻译
  作者：Lettau, M; Uhlig, H
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; Tilburg University; Princeton University
  摘要：This paper studies decision-making with rules of thumb in the context of dynamic decision problems and compares it to dynamic programming. A rule is a fixed mapping from a subset of states into actions. Rules are compared by averaging over past experiences. This can lead to favoring rules which are only applicable in good states. Correcting this good state bias requires solving the dynamic program. We provide a general framework and characterize the asymptotic properties, We apply it to provid...
• The geography of Medicare AI翻译
  作者：Cutler, DM; Sheiner, L
  作者单位：Harvard University; Federal Reserve System - USA
• The winner's curse and public information in common value auctions: Reply AI翻译
  作者：Campbell, CM; Kagel, JH; Levin, D
  作者单位：University System of Ohio; Ohio State University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
• Measures of agricultural support policies in transition economies: 1994-1997 AI翻译
  作者：Valdés, A
  作者单位：The World Bank
• Technological revolutions AI翻译
  作者：Caselli, F
  作者单位：University of Chicago
  摘要：In skill-biased (de-skilling) technological revolutions learning investments required by new machines are greater (smaller) than those required by preexisting machines. Skill-biased (de-skilling) revolutions trigger reallocations of capital from slow- (fast-) to fast- (slow-) learning workers, thereby reducing the relative and absolute wages of the former. The model of skill-biased (de-skilling) revolutions provides insight into developments since the mid-1970's (in the 1910's). The empirical ...
• Endogenous technological change and wage inequality AI翻译
  作者：Lloyd-Ellis, H
  作者单位：University of Toronto
  摘要：Although microeconomic studies find a positive relationship between R&D and skill premia, much of the recent rise in U.S. wage inequality was accompanied by slowing labor-productivity growth and relatively slow introduction of new technologies. These conflicting observations are consistent with the effects of a skewed distribution of absorptive capacities-the rate at which technology-specific skills can be acquired-in a model of endogenous technological change. The framework is used to assess ...
• Commodity taxes under fiscal competition: Stackelberg equilibrium and optimality AI翻译
  作者：Wang, YQ
  作者单位：Chinese University of Hong Kong
• Examining the employer-size wage premium in the manufacturing, retail trade, and service industries using employer-employee matched data AI翻译
  作者：Bayard, K; Troske, KR
  作者单位：University System of Maryland; University of Maryland College Park; University of Missouri System; University of Missouri Columbia
• Models of energy use: Putty-putty versus putty-clay AI翻译
  作者：Atkeson, A; Kehoe, PJ
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; National Bureau of Economic Research; University of Pennsylvania
• Gaming against managers in incentive systems: Experimental results with Chinese students and Chinese managers AI翻译
  作者：Cooper, BJ; Kagel, JH; Lo, W; Gu, QL
  作者单位：University System of Ohio; Case Western Reserve University; University System of Ohio; Ohio State University; National Dong Hwa University; Donghua University
  摘要：We examine strategic interactions between firms and planners in China, comparing behavior between: (i) students and managers with field experience with this situation, (ii) standard versus increased monetary incentives, and (iii) sessions conducted in context, making explicit reference to interactions between planners and managers, and those without any such references. The dynamics of play are similar across treatments with play only gradually, and incompletely, converging on a pooling equil...