American Economic Review
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Competition and unanimity [статья]
Опубликовано на портале: 07-02-2003H. De Angelo American Economic Review. 1971. Vol. 71. No. 1. P. 18-27.
Focuses on competition and unanimity. Unanimity in general collective choice settings; Value maximization's support for corporate policy; Partial-equilibrium notion of competition. (Из Ebsco)
Опубликовано на портале: 08-12-2003Richard E. Romano, Dennis Epple American Economic Review. 1998. Vol. 88. No. 1. P. 33-62.
A theoretical and computational model with tax-financed, tuition-free public schools and competitive, tuition-financed private schools is developed. Students differ by ability and income. Achievement depends on own ability and on peers' abilities. Equilibrium has a strict hierarchy of school qualities and two-dimensional student sorting with stratification by ability and income. In private schools, high-ability, low-income students receive tuition discounts, while low-ability, high-income students pay tuition premia. Tuition vouchers increase the relative size of the private sector and the extent of student sorting, and benefit high-ability students relative to low-ability students.
Contestability vs. competition [статья]
Опубликовано на портале: 31-03-2003William G. Shepherd American Economic Review. 1984. Vol. 74. No. 4. P. 572-587 .
Analyzes the ultra-free entry as normative contribution to industrial organization. Ultra-free entry in context of the evolving field of industrial organization; Assessment of the conceptual validity of William Baumol, Elizabeth Bailey John Panzar and Robert Willig's analysis in representing the nature of competition; Empirical issues in measuring and testing ultra-free entry. (Из Ebsco)
Опубликовано на портале: 18-03-2003William Jack Baumol American Economic Review. 1982. Vol. 72. No. 1. P. 1-15.
Presents a transcript of the presidential address delivered at the 94th Meeting of the American Economic Association on December 29, 1981. Discussion of developments in the theory of industry structure; Welfare attributes of contestable markets behavior; Characteristics of oligopoly equilibrium; Intertemporal vulnerability to inefficient entry. (Из Ebsco)
Опубликовано на портале: 15-12-2002Ernst Fehr, Simon Gachter American Economic Review. 2000. Vol. 90. No. 4. P. 980-994.
This paper shows experimentally that there is a widespread willingness of cooperators to punish free-riders. Results indicate that this holds true even if punishment is costly and does not provide any material benefits for the punisher. In addition, evidence is provided that free-riders are punished the more heavily the more they deviate from the cooperation levels of the cooperators.
Опубликовано на портале: 06-02-2003Gerald R. Faulhaber American Economic Review. 1975. Vol. 65. No. 5. P. 966-77.
Analyzes the issues of cross-subsidization in public enterprises with economies of joint production. Incentives to competitive entry and subsidy-free prices; Relation of welfare maximizing prices to subsidy-free prices; Price elasticity of demand; Costs of alternative means of supply; Choice between protected monopoly and open competition.
Опубликовано на портале: 15-07-2004Lawrence J. Christiano, Martin Stewart Eichenbaum American Economic Review. 1992. No. 382. P. 430-450.
Hours worked and the return to working are weakly correlated. Traditionally, the ability to account for this fact has been a litmus test for macroeconomic models. Existing real-business-cycle models fail this test dramatically. We modify prototypical real-business-cycle models by allowing government consumption shocks to influence labor-market dynamics. This modification can, in principle, bring the models into closer conformity with the data. Our empirical results indicate that it does.
Опубликовано на портале: 15-12-2002Lois Joy American Economic Review. 2000. Vol. 90. No. 2. P. 471-475.
Do gender differences in college majors and qualifications account for gender differences in labor market outcomes? For the overwhelming majority of men and women, The Baccalauarate and Beyond Longitudinal Study data suggest that the answer is no. Within the majority of majors and occupations, men earn more than women in first jobs. The exception to this is for science and humanities majors, were men do not obtain a wage advantage over women. However, even within the sciences, women are more than twice as likely as men to end up in clerical first jobs, which are considered by students to be among the least satisfactory jobs.
Does culture matter in economic behavior? Ultimatum game bargaining among the Machiguenga of the Peruvian Amazon [статья]
Опубликовано на портале: 15-12-2002Joseph Henrich American Economic Review. 2000. Vol. 90. No. 4. P. 973-979.
This article addresses the assumptions that humans everywhere deploy the same cognitive machinery for making economic decisions and, consequently, will respond similarly when faced with comparable economic circumstances. These assumptions are addressed with experimental evidence from the Peruvian Amazon.
Опубликовано на портале: 15-12-2002Christos Kotsogiannis, Michael J. Keen American Economic Review. 2002. Vol. 92. No. 1. P. 363-370.
The relative strengths of vertical and horizontal tax externalities turn on the balance between the interest responsiveness of the supply of savings and demand for capital, the extent to which immobile factors are taxed by the states, and the strength of preferences between federal and state expenditures. The vertical externality will dominate if the aggregate tax base of the federation is responsible to the state tax instrument. Tax interactions in federations are more complex than has often been supposed.
Опубликовано на портале: 15-12-2002Jere R. Behrman, Mark R. Rosenzweig American Economic Review. 2002. Vol. 92. No. 1. P. 323-334.
The positive cross-sectional relationship between the schooling of mothers and their children is substantially biased upward due to correlations between schooling and heritable ability as well as assortative mating. An increase in the schooling of women would not have beneficial effects in terms of the schooling of children. Increased maternal schooling leads to reduced home time for mothers. Anticipating the consequences of investing in women's schooling requires attention to the role that schooling plays in the marriage market as well as to opportunities in the labor market for women.
Does money illusion matter? [статья]
Опубликовано на портале: 15-12-2002Ernst Fehr, Jean-Robert Tyran American Economic Review. 2001. Vol. 91. No. 5. P. 1239-1262.
This paper shows that a small amount of individual-level money illusion may cause considerable aggregate nominal inertia after a negative nominal shock. In addition, the results indicate that negative and positive nominal shocks have asymmetric effects because of money illusion. While nominal inertia is quite substantial and long lasting after a negative shock, it is rather small after a positive shock.
Опубликовано на портале: 15-12-2002Gordon B. Dahl, Michael R. Ransom American Economic Review. 1999. Vol. 89. No. 4. P. 703-727.
Economists and psychologists argue that individuals skew personal beliefs to accord with their own interests. To test for this presence of self-serving beliefs, 1,200 members of the Mormon Church were surveyed about tithing. A tithe is a voluntary contribution equal to 10% of income. Since respondents must decide privately what income items to tithe, how the income definition depends on an individual's religious and financial incentives was observed. Surprisingly little evidence was found that an individual's financial situation influences beliefs about what counts as income for the tithe. However, ambiguity increases the role for self-serving biases.
Опубликовано на портале: 15-12-2002Marianne Bertrand, Sendhil Mullainathan American Economic Review. 2001. Vol. 91. No. 2. P. 67-72.
Four main messages emerge from the study of subjective survey data. First, a large experimental literature by and large supports economists' skepticism of subjective questions. Second, put in an econometric framework, these findings cast serious doubts on attempts to use subjective data as dependent variables, because the measurement error appears to correlate with a large set of characteristics in behaviors. Third, these data may be useful as explanatory variables. Finally, the empirical work suggests that subjective variables are useful in practice for explaining differences in behavior across individuals. Changes in answers to these questions, however, do not appear useful in explaining changes in behavior.
Опубликовано на портале: 31-03-2003Stan J. Liebowitz American Economic Review. 1982. Vol. 72. No. 4. P. 816-824.
Focuses on the relationship between market structure and monopoly power. Durability models; New-used goods model; Durability and monopoly in the new-used model; Interdependence between market structure and durability. (Из Ebsco)