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В разделе собрана информация о статьях по экономике, социологии и менеджменту. Во многих случаях приводятся полные тексты статей. (подробнее...)

American Economic Review

Опубликовано на портале: 15-12-2002
Pierre-Olivier Gourinchas, Jonathan A. Parker American Economic Review. 2001.  Vol. 91. No. 2. P. 406-412. 
One of the basic motives for saving is the accumulation of wealth to ensure future welfare. Both introspection and extant research on consumption insurance find that people face substantial risks that they do not fairly pool. A simple decomposition that characterizes the importance of precautionary saving in the US economy is presented. This decomposition is used as an organizing framework to present four main findings: 1. the concavity of the consumption policy rule, 2. the importance of precautionary saving for life-cycle saving and wealth accumulation, 3. the contribution of changes in risk to fluctuations in aggregate consumption, and 4. the significant impact of incomplete markets on aggregate fluctuations in calibrated general-equilibrium models. The study is concluded with directions for future research.
Опубликовано на портале: 07-03-2003
Hans Staehle American Economic Review. 1942.  Vol. 32. No. 2. P. 321-333. 
Дается обзор современных автору количественных исследований в экономике, а именно литературы по статистическому анализу функций затрат.
ресурс содержит полный текст, либо отрывок из него
Опубликовано на портале: 30-09-2003
Herbert A. Simon American Economic Review. 1959.  P. 253-283. 
Статья нобелевского лауреата Герберта Саймона посвящена критике абсолютной рациональности и максимизирующего поведения и предложению других подходов к моделированию человеческого поведения. Чрезвычайно интересная и полезная статья с точки зрения методологии общественных наук (как для экономистов, так и для социологов и менеджеров).
ресурс содержит полный текст, либо отрывок из него
Опубликовано на портале: 15-10-2004
Fritz Machlup American Economic Review. 1967.  Vol. 57. No. 1. P. 1-33. 
Обзорная статья, посвященная методологической дискуссии 1940-х гг., в которой обсуждалась важность реалистичных предпосылок в экономических моделях. Основная борьба произошла на страницах "American Economic Review", где с марта 1946 г. по март 1947 г. появились шесть статей и сообщений Р. Лестера и Ф. Махлупа, отстаивавших противоположные точки зрения по этому вопросу. Как пишет Махлуп, "Борьба была ожесточенной и даже жестокой. Тысячи студентов, изучавших экономическую теорию, вольных или невольных читателей, которых стремительность обмена ударами либо шокировала, либо развлекала, могли подумать, что оппоненты теперь навсегда останутся смертельными врагами. Но эти читатели ошиблись бы. Еще прежде чем мы дошли до последнего раунда борьбы, мы обменивались дружескими письмами (декабрь 1946 г.) с уверениями, что мы не испытываем недобрых чувств друг к другу. Мы остались лучшими друзьями; в течение нескольких лет Ричард Лестер и я являемся коллегами по работе; и в знак нашей дружбы он великодушно принял мое предложение разделить сегодня со мной председательство на сессии. Таким образом, ветераны обеих противоборствующих сторон войны 1946 г. объединились для осмотра поля битвы. Это, между прочим, не означает, что кто-то из нас склонил другого в "истинную веру"..."
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию
Опубликовано на портале: 31-08-2003
Anne O. Krueger American Economic Review. 1974.  Vol. 64. No. 3. P. 291-303. 
Studies the impact of competitive import licenses on the economy. Value of rents associated with import licenses; Relationship between welfare cost of quantitative restrictions and tariff equivalents; Impact of wage legislation on equilibrium levels of unemployment. (Из Ebsco)
ресурс содержит полный текст, либо отрывок из него
Опубликовано на портале: 15-12-2002
Amartya Sen American Economic Review. 1999.  Vol. 89. No. 3. P. 349-378. 
The subject of social choice includes within its capacious frame various problems with the common feature of relating social judgments and group decisions to the views and interests of the individuals who make up the society or the group. Some challenges and foundational problems faced by social choice theory as a discipline are discussed. Social choice theory is a subject in which formal and mathematical techniques have been very extensively used. Voting-based procedures are entirely natural for some kinds of social choice problems, such as elections, referendums, or committee decisions. They are, however, altogether unsuitable for many other problems of social choice. Impossibility results in social choice theory - led by the pioneering work of Arrow (1951) - have often been interpreted as being thoroughly destructive of the possibility of reasoned and democratic social choice, including welfare economics. That view is argued against.
Опубликовано на портале: 15-12-2002
Jonathan A. Parker American Economic Review. 1999.  Vol. 89. No. 4. P. 959-973. 
The key implication of rational expectations and the basic life-cycle/permanent-income hypothesis: that predictable changes in income have no effect on the growth rate of consumption expenditures, is examined. This implication is important for understanding the effectiveness and optimal timing of fiscal policy, the causes and propagation of business cycles, and the effects of income fluctuations on the growth rate of the economy. Using household-level consumption data from the Consumer Expenditure Survey, whether expenditures on nondurable goods increase contemporaneously with predictable changes in Social Security tax withholding is tested. It is found that households do change their consumption expenditures in response to the predictable fluctuations in income induced by the Social Security tax system.
Опубликовано на портале: 03-10-2003
Annette Vissing-Jorgensen, Tobias J. Moskowitz American Economic Review. 2002.  Vol. 92. No. 4. P. 745-778. 
Authors document the return to investing in U.S. nonpublicly traded equity. Entrepre neurial investment is extremely concentrated,yet despite its poor diversi cation, wend that the returns to private equity are no higher than the returns to publicequity. Given the large public equity premium, it is puzzling why households wilingly invest substantialamounts in a single privately held firm with a seemingly far worse risk-return trade-of. Authors briefly discuss how large nonpecuniary benefits, a preference for skewness, or overestimates of the probability of survival could potentialy explain investment in private equity despite these findings.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию
Опубликовано на портале: 01-10-2003
William J. Fellner American Economic Review. 1953.  Vol. 43. No. 2. P. 484-494. 
Рассматриваются основные аналитические составляющие теории распределения начала 50-х годов XX века, базирующейся на концепции предельной производительности. Постулируется существование различных версий современной автору теории распределения. Особое внимание уделяется проблеме определения стоимости.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию
Опубликовано на портале: 03-11-2004
Robert E. Hall American Economic Review. 2001.  Vol. 91. No. 5. P. 1185-1202. 
The value of a firm's securities measures the value of the firm's productive assets. If the assets include only capital goods and not a permanent monopoly franchise, the value of the securities measures the value of the capital. Finally, if the price of the capital can be measured or inferred, the quantity of capital is the value divided by the price. A standard model of adjustment costs enables the inference of the price of installed capital. Data from U.S. corporations over the past 50 years imply that corporations have formed large amounts of intangible capital, especially in the past decade.
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Опубликовано на портале: 16-03-2005
Graciela L. Kaminsky, Carmen M. Reinhart American Economic Review. 1999.  Vol. 89. No. 3. P. 473-500. 
In the wake of the Mexican and Asian currency turmoil, the subject of financial crises has come to the forefront of academic and policy discussions. This paper analyzes the links between banking and currency crises. We find that: problems in the banking sector typically precede a currency crisis--the currency crisis deepens the banking crisis, activating a vicious spiral; financial liberalization often precedes banking crises. The anatomy of these episodes suggests that crises occur as the economy enters a recession, following a prolonged boom in economic activity that was fueled by credit, capital inflows, and accompanied by an overvalued currency.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию
Опубликовано на портале: 06-02-2003
John Maurice Clark American Economic Review. 1940.  Vol. 30. No. 2. P. 241-56. 
The paper of which this is an enlarged and revised version was read at a joint Round Table of the American Economic Association and the Econometric Society, during the meetings at Philadelphia, December, 1939. Where one of the conditions of perfect competition is absent, the presence of others may lead to greater rather than less imperfection. Long-run curves of individual demand and cost are flatter than commonly represented, and the imperfections of competition correspondingly less. Industry subject to fluctuating demand requires prices in excess of short-run marginal cost. Favorable conditions appear to include a sloping individual demand curve, and some uncertainty whether a reduction of price will be promptly met. With standardized products, a chaotic market tends toward ruinous competition. Pure oligopoly is seldom found; the important case being that of openly-quoted prices with varying amounts of deviations on actual sales. Standard products with sloping individual demand curves are also possible. While extreme quality differentials approach monopoly, more moderate ones may be workably competitive, especially with further growth of closer substitutes and better knowledge of qualities on the part of buyers.
ресурс содержит полный текст, либо отрывок из него
Опубликовано на портале: 15-12-2002
Anthony P. Carnevale, Richard A. Fry, Lindsay B. Lowell American Economic Review. 2001.  Vol. 91. No. 2. P. 159-163. 
An immigrant's ability to understand the spoken word is a preeminent English ability for labor-market success on average. Reading, writing, and speaking ability are not significantly predictors of immigrant wages after considering ability to understand the spoken word. The magnitude of the wage impact of understanding only is similar to that found in the literature on speaking only, suggesting their kinship in an underlying construct of English proficiency, and reinforcing the finding that language matters. These findings indicate that hearing and comprehending are perhaps most fundamental in the immigrant labor market. The findings also suggest that, after having achieved a given level of understanding of the spoken word, then improved skills in speaking, reading, and writing do matter to employers. Understanding is the key starting place to getting into the labor market and that subsequent incremental increases in productivity may require a greater array of English skills.
Опубликовано на портале: 16-03-2005
Stephen Morris, Hyun Song Shin American Economic Review. 1998.  Vol. 88. No. 3. P. 587-597. 
Even though self-fulfilling currency attacks lead to multiple equilibria when fundamentals are common knowledge, we demonstrate the uniqueness of equilibrium when speculators face a small amount of noise in their signals about the fundamentals. This unique equilibrium depends not only on the fundamentals, but also on financial variables, such as the quantity of hot money in circulation and the costs of speculative trading. In contrast to multiple equilibrium models, our model allows analysis of policy proposals directed at curtailing currency attacks.
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Опубликовано на портале: 31-03-2003
Martin K. Perry American Economic Review. 1978.  Vol. 68. No. 4. P. 561-570. 
Proposes a definition of backward integration for the analysis of vertical integration by imperfectly competitive firms. Impact of backward integration on monopsonist's choices of input production and employment; Structure of input supply; Impact of integration on the earnings of independent suppliers. (Из Ebsco)
ресурс содержит полный текст, либо отрывок из него