Accepted Papers

The Review of Economic Studies is one of the most highly respected academic journals in the field of economics. It is known for publishing leading research in all areas of economics, from microeconomics to macroeconomics. The journal is published by the Oxford University Press.

View published articles on Oxford University Press

Endogenous Uncertainty and Credit Crunches

Ludwig Straub and Robert Ulbricht

We develop a theory of endogenous uncertainty in which the ability of investors to learn about firm-level fundamentals is impaired during financial crises. At the same time, higher uncertainty reinforces financial distress. Through this two-way feedback loop, a temporary financial shock can cause a persistent reduction in risky lending, output, and employment that coincides with increased uncertainty, default rates, credit spreads and disagreement among forecasters.

Repayment Flexibility and Risk Taking: Experimental Evidence from Credit Contracts

Marianna Battaglia, Selim Gulesci, and Andreas Madestam

A widely held view is that small firms in developing countries are prevented from making profitable investments by lack of access to credit and insurance markets. One solution is to provide repayment flexibility in credit contracts. Repayment flexibility eases both the credit constraint, as it allows for increased spending during the startup phase, and offers insurance, in case of fluctuations in income.

Bargaining as a Struggle Between Competing Attempts at Commitment

Rohan Dutta

The strategic importance of commitment in bargaining is widely acknowledged. Yet disentangling its role from key features of canonical models, such as proposal power and reputational concerns, is difficult. This paper introduces a model of bargaining with strategic commitment at its core. Following Schelling (1956), commitment ability stems from the costly nature of concession and is endogenously determined by players’ demands.

How Credit Constraints Impact Job Finding Rates, Sorting & Aggregate Output

Kyle Herkenhoff, Gordon Phillips, and Ethan Cohen-Cole

How do consumer credit markets affect the allocation of workers to firms, output, and labor productivity? We address this question in two steps. First, we use new microdata to estimate empirical elasticities of job search patterns to credit. Second, we estimate our novel theory of sorting under risk aversion to match these elasticities, and then we conduct aggregate counterfactuals.

Follow us

The Review of Economic Studies Follow

The official account of the Review of Economic Studies, one of the world's top economics journals.

RevEconStudies
Retweet on Twitter The Review of Economic Studies Retweeted

Version 2.0 of the National Elections Database is online!
We now cover presidential and parliamentary elections 1789–2023, extending the post-1945 data of Electoral Turnovers @RevEconStudies (https://academic.oup.com/restud/advance-article/doi/10.1093/restud/rdae108/7899604).
w/ @benjaminmarx and @vincent_rollet

Reply on Twitter 1930598811006587041 Retweet on Twitter 1930598811006587041 84 Like on Twitter 1930598811006587041 297 Twitter 1930598811006587041
Retweet on Twitter The Review of Economic Studies Retweeted

``Many networks naturally form as people come together to form subgraphs, e.g. as coauthors of a paper, or other teams. This is the basis for a new, computationally tractable method of estimating network formation."

From Chandrasekhar & @JacksonmMatt:

https://www.restud.com/a-network-formation-model-based-on-subgraphs/

Reply on Twitter 1896484969868062832 Retweet on Twitter 1896484969868062832 20 Like on Twitter 1896484969868062832 84 Twitter 1896484969868062832
Retweet on Twitter The Review of Economic Studies Retweeted

Recently accepted to #REStud, ``Simultaneous Search and Adverse Selection," from Auster, Gottardi and Wolthoff @rpwolthoff:

https://www.restud.com/simultaneous-search-and-adverse-selection/

Reply on Twitter 1896445588729917790 Retweet on Twitter 1896445588729917790 6 Like on Twitter 1896445588729917790 26 Twitter 1896445588729917790
Retweet on Twitter The Review of Economic Studies Retweeted

Recently accepted to #REStud, ``Affiliated Common Value Auctions with Costly Entry," from Murto & Välimäki:

https://www.restud.com/affiliated-common-value-auctions-with-costly-entry/

Reply on Twitter 1896440059316035607 Retweet on Twitter 1896440059316035607 3 Like on Twitter 1896440059316035607 13 Twitter 1896440059316035607
Load More