Intelligence, Errors and Cooperation in Repeated Interactions

Cupid’s Invisible Hand: Social Surplus and Identification in Matching Models

Caught between Cultures: Unintended Consequences of Improving Opportunity for Immigrant Girls

Interventions and Cognitive Spillovers

Recovering Investor Expectations from Demand for Index Funds

Patience and Comparative Development

Killer Incentives: Rivalry, Performance and Risk-Taking among German Fighter Pilots, 1939-45

Coordination and Continuous Stochastic Choice

Multi-Asset Noisy Rational Expectations Equilibrium with Contingent Claims

Folk Theorem in Repeated Games with Private Monitoring

Financial Regulation in a Quantitative Model of the Modern Banking System

Overcoming Free-Riding in Bandit Games

Lending Relationships and Optimal Monetary Policy

An Equilibrium Analysis of the Long-Term Care Insurance Market

Central Bank Swap Lines: Evidence on the Effects of the Lender of Last Resort

Trade Finance and the Durability of the Dollar

Patent Screening, Innovation, and Welfare

Entrepreneurial Human Capital and Firm Dynamics

Policy Effects of International Taxation on Firm Dynamics and Capital Structure

Forbidden Fruits: The Political Economy of Science, Religion, and Growth

Geography and Agricultural Productivity: Cross-Country Evidence from Micro Plot-Level Data

Endogenous Social Interactions with Unobserved Networks

A Theory of Monetary Union and Financial Integration

Fiscal Multipliers and Foreign Holdings of Public Debt

Firm Dynamics, On-the-Job Search and Labor Market Fluctuations

Who Chooses Commitment? Evidence and Welfare Implications

Liquidity Constraints in the U.S. Housing Market

Priority Design in Centralized Matching Markets

Winning by Default: Why is There So Little Competition in Government Procurement?

Measuring the Incentive to Collude: The Vitamin Cartels, 1990-1999

Confidence and the Propagation of Demand Shocks

Fragile Self-Esteem

Liquidity Risk and Long-Term Finance: Evidence from a Natural Experiment

Are High-Interest Loans Predatory? Theory and Evidence from Payday Lending

The Gift of Moving: Intergenerational Consequences of a Mobility Shock

Firm Heterogeneity in Consumption Baskets: Evidence from Home and Store Scanner Data

Concentration Bias in Intertemporal Choice

The real effects of monetary expansions: evidence from a large-scale historical experiment

Risk Premium Shocks Can Create Inefficient Recessions

Spatial Equilibrium, Search Frictions and Dynamic Efficiency in the Taxi Industry

Welfare effects of dynamic matching: An empirical analysis

Rationalizability, Observability and Common Knowledge

Collateral Booms and Information Depletion

International Spillovers and Local Credit Cycles

Structural Breaks in an Endogenous Growth Model

Skill-Biased Structural Change

Conditional Superior Predictive Ability

Roman Transport Network Connectivity and Economic Integration

Long-Term Effects of Childhood Nutrition: Evidence from a School Lunch Reform

Corruption and Firms

From Immigrants to Americans: Race and Assimilation during the Great Migration

The UK as a Technological Follower: Higher Education Expansion and the College Wage Premium

The Extensive Margin of Aggregate Consumption Demand

Risky Matching

Demographics and automation

Exchange Rate Exposure and Firm Dynamics

Understanding the Size of the Government Spending Multiplier: It’s in the Sign

Instrument-Based vs. Target-Based Rules

Quasi-Experimental Shift-Share Research Designs

Social Connectedness and Local Contagion

Uncertainty in the Hot Hand Fallacy: Detecting Streaky Alternatives to Random Bernoulli Sequences

Migration and Informal Insurance: Evidence from a Randomized Controlled Trial and a Structural Model

A Menu of Insurance Contracts for the Unemployed

An Elementary Theory of Directed Technical Change and Wage Inequality

Should Robots Be Taxed?

Default Effects and Follow-on Behavior: Evidence from an Electricity Pricing Program

Workforce Composition, Productivity, and Labor Regulations in a Compensating Differentials Theory of Informality

Global Imbalances and Policy Wars at the Zero Lower Bound

Monopoly without a Monopolist: An Economic Analysis of the Bitcoin Payment System

A Theory of Foreign Exchange Interventions

Choice with Endogenous Categorization

Dynastic Precautionary Savings

Recoverability and Expectations-Driven Fluctuations

Identifying Shocks via Time-Varying Volatility

Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach

Credit Shocks and Equilibrium Dynamics in Consumer Durable Goods Markets

A Reply to Campbell and Mau

On “Trade Induced Technical Change: The Impact of Chinese Imports on Innovation, IT and Productivity”

Optimal Taxation with Private Insurance

Rules without Commitment: Reputation and Incentives

The Returns to Nursing: Evidence from a Parental-Leave Program

Informational Herding, Optimal Experimentation, and Contrarianism

Improving Management with Individual and Group-Based Consulting: Results from a Randomized Experiment in Colombia

Record-Keeping and Cooperation in Large Societies

Reorganization or Liquidation: Bankruptcy Choice and Firm Dynamics

Prizes versus Contracts as Incentives for Innovation

A Theory of Narrow Thinking

Nonparametric Analysis of Time-Inconsistent Preferences

Adverse Selection in the Marriage Market: HIV Testing and Marriage in Rural Malawi

Identifying the Costs of a Public Health Success: Arsenic Well Water Contamination and Productivity in Bangladesh

The Value of Unemployment Insurance

The Equilibrium Impact of Agricultural Risk on Intermediate Inputs and Aggregate Productivity

All-Pay Oligopolies: Price Competition with Unobservable Inventory Choices

Variation margins, fires sales, and information-constrained optimality

Fiscal Rules as Bargaining Chips

The Gender Earnings Gap in the Gig Economy: Evidence from over a Million Rideshare Drivers

Learning from House Prices: Amplification and Business Fluctuations

Measuring Bias in Consumer Lending

The Aggregate Implications of Mergers and Acquisitions

What Would You Do with $500? Spending Responses to Gains, Losses, News and Loans

Intergenerational mobility in the very long run: Florence 1427-2011

Investments in Social Ties, Risk Sharing, and Inequality

Understanding Cultural Persistence and Change

Motivational Ratings

The Cutoff Structure of Top Trading Cycles in School Choice

Balance Sheet Channel with Information-Trading Frictions in Secondary Markets

Property Rights, Land Misallocation and Agricultural Efficiency in China

Signaling to Experts

Stochastic Revealed Preferences with Measurement Error

Learning to Game the System

Augmenting Markets with Mechanisms

Social Norms, Labor Market Opportunities, and the Marriage Gap Between Skilled and Unskilled Women

Conventions under heterogeneous behavioral rules

Back to Basics: Basic Research Spillovers, Innovation Policy and Growth

Trade and Domestic Production Networks

Face-to-Face Communication in Organisations

Abatement Strategies and the Cost of Environmental Regulation: Emission Standards on the European Car Market

Anonymity or Distance? Job Search and Labour Market Exclusion in a Growing African City

Browsing versus Studying: A Pro-Market Case for Regulation

A Model of Relative Thinking

Shadow Banking and the Four Pillars of Traditional Financial Intermediation

When Is Pure Bundling Optimal?

Haste or Waste? Peer Pressure and Productivity in the Emergency Department

Self-enforcing agreements and forward induction reasoning

Stability, Strategy-Proofness, and Cumulative Offer Mechanisms

The Cyclicality of Sales and Aggregate Price Flexibility

Robust Mechanism Design of Exchange

The Impact of Immigration on Wages, Internal Migration, and Welfare

The Macroeconomics of Microfinance

Informational Robustness in Intertemporal Pricing

Only time will tell: A theory of deferred compensation

Bank Capital Redux: Solvency, Liquidity and Crisis

The Effects of Competition and Entry in Multi-sided Markets

Optimal Automatic Stabilizers

Monetary Policy for a Bubbly World

The Revelation Principle in Multistage Games

Building the city: from slums to a modern metropolis

Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications

Shocking Racial Attitudes: Black G.I.s in Europe

Likelihood Ratio Based Tests for Markov Regime Switching

Cognitive Imprecision and Small-Stakes Risk Aversion

A Theory of Strategic Uncertainty and Cultural Diversity

Carbon taxes and climate commitment with non-constant time preference

Development Projects and Economic Networks: Lessons From Rural Gambia

On the iterated estimation of dynamic discrete choice games

Identity Politics and Trade Policy

Diversion in the Criminal Justice System

Heads or Tails: The Impact of a Coin Toss on Major Life Decisions and Subsequent Happiness

The Origins of Violence in Rwanda

The Union Threat

Managerial Delegation, Law Enforcement, and Aggregate Productivity

Human Capital Development and Parental Investment in India

Monetary Policy and the Predictability of Nominal Exchange Rates

Multiple Equilibria in Open Economies with Collateral Constraints

Endogenous Agency Problems and the Dynamics of Rents

Disease Control and Inequality Reduction: Evidence from a Tuberculosis Testing and Vaccination Campaign

Top of the Class: The Importance of Ordinal Rank

US Monetary Policy and the Global Financial Cycle

How Efficient Are Decentralized Auction Platforms?

Housing Wealth Effects: The Long View

Measuring Ex-Ante Welfare in Insurance Markets

The Cost of Job Loss

Random Inspections and Periodic Reviews: Optimal Dynamic Monitoring

Child-Related Transfers, Household Labor Supply and Welfare

Structural Change in Investment and Consumption: A Unified Analysis

Policy Inertia, Election Uncertainty and Incumbency Disadvantage of Political Parties

Crime is Terribly Revealing: Information Technology and Police Productivity

Commitment in Organizations and the Competition for Talent

The Efficiency of Real-World Bargaining: Evidence from Wholesale Used-Auto Auctions

Long-run Effects of Lottery Wealth on Psychological Well-being

Macroprudential Regulation Versus Mopping Up After the Crash

Unemployment Fluctuations, Match Quality and the Wage Cyclicality of New Hires

How Do Foreclosures Exacerbate Housing Downturns?

Teachers’ Pay for Performance in the Long-Run: The Dynamic Pattern of Treatment Effects on Students’ Educational and Labour Market Outcomes in Adulthood

The Political Economy of Debt and Entitlements

A Bias Bound Approach to Nonparametric Inference

Diffusion of Being Pivotal and Immoral Outcomes

Approximate Random Allocation Mechanisms

Ambiguous Policy Announcements

Labor Market Frictions, Firm Growth and International Trade

How Quantitative Easing Works: Evidence on the Refinancing Channel

The Production of Information in an Online World

Germs, Social Networks and Growth

Exchange Rate Policies at the Zero Lower Bound

Firm Response to Competitive Shocks: Evidence from China’s Minimum Wage Policy

A Quantitative Theory of Political Transitions

National Industry Trade Shocks, Local Labor Markets, and Agglomeration Spillovers

International Financial Integration and Crisis Contagion

Does Advertising Serve as a Signal? Evidence from a Field Experiment in Mobile Search

Externalities and Benefit Design in Health Insurance

Money, Banking and Financial Markets

Aging in Place, Housing Maintenance and Reverse Mortgages

Frictional Goods Markets: Theory and Applications

The Exposure Problem and Market Design

Consumer Scores and Price Discrimination

Using Elasticities to Derive Optimal Bankruptcy Exemptions

Measuring “Schmeduling”

Mergers, Innovation, and Entry-Exit Dynamics: Consolidation of the Hard Disk Drive Industry, 1996-2016

Measuring the Welfare Gains from Optimal Incentive Regulation

Population and Conflict

Regulating Household Leverage

(Il)legal Assignments in School Choice

Long-Term Impacts of Childhood Medicaid Expansions on Outcomes in Adulthood

Poor Little Rich Kids? The Role of Nature versus Nurture in Wealth and Other Economic Outcomes and Behaviors

Frictional intermediation in over-the-counter markets

Coarse Pricing Policies

Optimality of Debt under Flexible Information Acquisition

Optimal Dynamic Carbon Taxes in a Climate-Economy Model with Distortionary Fiscal Policy

The Contingent Effect of Management Practices

Knowledge Spillovers through Networks of Scientists

The Development Effects of the Extractive Colonial Economy: The Dutch Cultivation System in Java

A Macroeconomic Model with Financial Panics

Dynamic Inconsistency in Food Choice: Experimental Evidence from Two Food Deserts

Vintage-specific driving restrictions

The Glittering Prizes: Career Incentives and Bureaucrat Performance

Identification and Estimation in Non-Fundamental Structural VARMA Models

Gifts of the Immigrants, Woes of the Natives: Lessons from the Age of Mass Migration

Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches

Consumption network effects

Salience, Myopia, and Complex Dynamic Incentives: Evidence from Medicare Part D

Backlash: The Unintended Effects of Language Prohibition in US Schools after World War I

Competing Teams

Pairwise Kidney Exchange over the Blood Group Barrier

Manipulated Electorates and Information Aggregation

External Validity in a Stochastic World: Evidence from Low-Income Countries

What Are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka

Immigrants and the Making of America

The Pecking Order of Segmentation and Liquidity-Injection Policies in a Model of Contagious Crises

Estimation with Aggregate Shocks

Identification and Estimation of Dynamic Games when Players’ Beliefs Are Not in Equilibrium

Optimal Bank Regulation and Fiscal Capacity

Discrete actions in information-constrained decision problems

Weak States: Causes and Consequences of the Sicilian Mafia

Uncertainty shocks as second-moment news shocks

Using Gossips to Spread Information: Theory and Evidence from Two Randomized Controlled Trials

Extended Gravity

The Impact of Consumer Credit Access on Unemployment

International Shocks, Variable Markups and Domestic Prices

Rank Effects in Bargaining: Evidence from Government Formation

Public Goods Institutions, Human Capital, and Growth: Evidence from German History

Middleman Minorities and Ethnic Violence: Anti-Jewish Pogroms in the Russian Empire

Crime, Intimidation, and Whistleblowing: A Theory of Inference from Unverifiable Reports

Competitive Screening under Heterogeneous Information

Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism

Revenue Management Without Commitment: Dynamic Pricing and Periodic Flash Sales

The Elasticity of Intergenerational Substitution, Parental Altruism, and Fertility Choice

Behavioral Characterizations of Naivete for Time-Inconsistent Preferences

Deforestation in the Amazon: A Unified Framework for Estimation and Policy Analysis

Regional Transfer Multipliers

House Price Beliefs and Mortgage Leverage Choice

Household Sharing and Commitment: Evidence from Panel Data on Individual Expenditures and Time Use

Inference on causal and structural parameters using many moment inequalities

Automobile Prices in Market Equilibrium with Unobserved Price Discrimination

The Costs of Agglomeration: House and Land Prices in French Cities

Growth Through Inter-sectoral Knowledge Linkages

Government Debt Management: The Long and the Short of It

Do Female Officers Improve Law Enforcement Quality? Effects on Crime Reporting and Domestic Violence

The New Keynesian Transmission Mechanism: A Heterogeneous-Agent Perspective

Providing Advice to Job Seekers at Low Cost: An Experimental Study on On-Line Advice

Statistical Discrimination and Duration Dependence in the Job Finding Rate

Frictional Labor Mobility

Strategic Choices in Polygamous Households: Theory and Evidence from Senegal

Two-step Estimation and Inference with Possibly Many Included Covariates

Attribution Bias in Consumer Choice

Trading, Profits, and Volatility in a Dynamic Information Network Model

Community Enforcement of Trust with Bounded Memory

State Taxes and Spatial Misallocation

Inference on Directionally Differentiable Functions

Refugee Migration and Electoral Outcomes

Long-Run Price Elasticities of Demand for Credit: Evidence from a Countrywide Field Experiment in Mexico

Migrants, Ancestors, and Foreign Investments

Optimal Dynamic Capital Budgeting

The Effect of Product Misperception on Economic Outcomes: Evidence from the Extended Warranty Market

Strategy-proofness in the Large

Robustly Optimal Auctions with Unknown Resale Opportunities

Information Management and Pricing in Platform Markets

Social Learning and Incentives for Experimentation and Communication

Rational Inattention, Optimal Consideration Sets and Stochastic Choice

Organized Crime, Violence, and Politics

An Experimental Test of the Lucas Asset Pricing Model

Public R&D Investments and Private-sector Patenting: Evidence from NIH Funding Rules

Breaking the Glass Ceiling? The Effect of Board Quotas on Female Labor Market Outcomes in Norway

Multidimensional Social Learning

Optimal Public Expenditure with Inefficient Unemployment

Level-k Mechanism Design

Internet and Politics: Evidence from U.K. Local Elections and Local Government Policies

Escape Dynamics in Learning Models

Innovation and Top Income Inequality

The Adoption of Network Goods: Evidence from the Spread of Mobile Phones in Rwanda

It’s Raining Men! Hallelujah? The Long-Run Consequences of Male-Biased Sex Ratios

Cool to be Smart or Smart to be Cool? Understanding Peer Pressure in Education

An Empirical Model of Wage Dispersion with Sorting

Consumer Search Costs and Preferences on the Internet

Home Price Expectations and Behavior: Evidence from a Randomized Information Experiment

Financial Intermediary Capital

Historical Antisemitism, Ethnic Specialization, and Financial Development

An Experiment on Time Preference and Misprediction in Unpleasant Tasks

The Price Effects of Cash Versus In-Kind Transfers

Analyzing the Effects of Insuring Health Risks

Intra Firm Bargaining and Shapley Values

Efficient Sovereign Default

Predictability and Power in Legislative Bargaining

Endowment Effects in the Field: Evidence from India’s IPO Lotteries

Trading Dynamics with Private Buyer Signals in the Market for Lemons

Ambiguous Correlation

Input Allocation, Workforce Management and Productivity Spillovers: Evidence from Personnel Data

Informative Cheap Talk in Elections

The Effectiveness of Hiring Credits

Carry-Along Trade

Appropriate Technology and Balanced Growth

Volume, Volatility and Public News Announcements

The Changing Returns to Crime: Do Criminals Respond to Prices?

Ask Your Doctor? Direct-to-Consumer Advertising of Pharmaceuticals

Optimal Fiscal Policy with Recursive Preferences

Mexico-US Immigration: Effects of Wages and Border Enforcement

Correlation Neglect in Belief Formation

Bad Habits and the Endogenous Timing of Urges

The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy

Moral Hazard and the Optimality of Debt

Observations on Cooperation

The Elusive Pro-Competitive Effects of Trade

When to Drop a Bombshell

Wealth and Volatility

Complexity in Structured Finance

Attention Variation and Welfare: Theory and Evidence from a Tax Salience Experiment

Structural Estimation of a Becker-Ehrlich Equilibrium Model of Crime: Allocating Police Across Cities to Reduce Crime

The Role of Firm Factors in Demand, Cost, and Export Market Selection for Chinese Footwear Producers

Better Lucky Than Rich? Welfare Analysis of Automobile License Allocations in Beijing and Shanghai