The American Economic Review

最新文章

• Disease eradication: Private versus public vaccination AI翻译
  作者：Geoffard, PY; Philipson, T
  作者单位：University of Chicago
• Reconsidering the fiscal role of government: The international perspective AI翻译
  作者：Tanzi, V; Schuknecht, L
• Technology, factor supplies, and international specialization: Estimating the neoclassical model AI翻译
  作者：Harrigan, J
  摘要：The neoclassical model of trade predicts that international specialization will be jointly determined by cross-country differences in relative factor endowments and technology levels. This paper specifies an empirical model of specialization consistent with the neoclassical explanation. In the model, a sector's share of GDP depends on relative factor supplies and relative technology differences, and the estimated parameters of the model have a clear connection to theoretical parameters. The mo...
• Transaction costs and price volatility: Evidence from commission deregulation AI翻译
  作者：Jones, CM; Seguin, PJ
  作者单位：University of Michigan System; University of Michigan
• Russian dilemmas AI翻译
  作者：Leijonhufvud, A; Ruhl, C
  作者单位：University of Trento
• The decision to export in Colombia: An empirical model of entry with sunk costs AI翻译
  作者：Roberts, MJ; Tybout, JR
  作者单位：Georgetown University; National Bureau of Economic Research
  摘要：Recent theoretical models of entry predict that, in the presence of sunk costs, current market participation is affected by prior experience. This paper quantifies the effect of prior exporting experience on the decisions of Colombian manufacturing plants to participate in foreign markets. It develops a dynamic discrete-choice model of exporting behavior that separates the roles of profit heterogeneity and sunk entry costs in explaining plants' exporting status. Stink costs are found to be sig...
• The Council of Economic Advisers: From stabilization to resource allocation AI翻译
  作者：Feldstein, M
  作者单位：National Bureau of Economic Research
• Interactions between the seasonal and business cycles in production and inventories AI翻译
  作者：Cecchetti, SG; Kashyap, AK; Wilcox, DW
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; University System of Ohio; Ohio State University; National Bureau of Economic Research; University of Chicago; Federal Reserve System - USA; Federal Reserve System - USA
  摘要：This paper shows that in several U.S. manufacturing industries, the seasonal variability of production and inventories varies with the state of the business cycle. We present a simple model which implies that if firms reduce the seasonal variability of their production as the economy strengthens, and they either hold constant or increase the stock of inventories they bring into the high-production seasons of the year, then they must be facing upward-sloping and convex marginal cost curves. We ...
• Technological progress, mobility, and economic growth AI翻译
  作者：Galor, O; Tsiddon, D
  作者单位：Centre for Economic Policy Research - UK; Tel Aviv University
  摘要：This paper analyzes the relationship between technological progress, wage inequality, intergenerational earnings mobility, and economic growth. In periods of major technological inventions, a decline in the relative importance of initial conditions raises inequality, enhances mobility, and generates a larger concentration of high-ability individuals in technologically advanced sectors, stimulating future technological progress and growth. However, once technologies become more accessible, mobi...
• HMO penetration and the cost of health care: Market discipline or market segmentation? AI翻译
  作者：Baker, LC; Corts, KS
  作者单位：Harvard University