Page 40 – The Review of Economic Studies

We are all behavioral, more or less: A taxonomy of consumer decision making

26 July 2022

Victor Stango and Jonathan Zinman

We examine how 17 behavioral biases relate to each other, to three standard measures of risk and time preferences, to cognitive skills, personality, and demographics, and to outcomes in household finance, well-being, and health.

Infrequent Random Portfolio Decisions in an Open Economy Model

26 July 2022

Philippe Bacchetta, Eric van Wincoop and Eric R. Young

We introduce a portfolio friction in a two-country DSGE model where investors face a constant probability to make new portfolio decisions.

Sentimental Business Cycles

22 July 2022

Andresa Lagerborg, Evi Pappa and Morten O. Ravn

We estimate the dynamic causal effects of consumer sentiment shocks in the US.

Reputation Building under Observational Learning

22 July 2022

Harry Pei

A patient seller interacts with a sequence of myopic consumers.

Price Discrimination and Public Policy in the U.S. College Market

22 July 2022

Ian Fillmore

In the United States, the federal government grants colleges access to a student’s Free Application for Federal Student Aid (FAFSA) which facilitates substantial price discrimination.

When Less is More: Improving Choices in Health Insurance Markets

22 July 2022

Jason Abaluck and Jonathan Gruber

We study the impact of changing choice set size on the quality of choices in health insurance markets.

The Missing Profits of Nations

22 July 2022

Thomas Tørsløv, Ludvig Wier and Gabriel Zucman

By exploiting new macroeconomic data known as foreign affiliates statistics, we show that affiliates of foreign multinational firms are an order of magnitude more profitable than local firms in a number of low-tax countries.

Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle

15 July 2022

Patrick J. Kehoe, Pierlauro Lopez, Virgiliu Midrigan and Elena Pastorino

Recent work has demonstrated that existing solutions of the unemployment volatility puzzle are at odds with the procylicality of the opportunity cost of employment, the cyclicality of wages, and the volatility of risk-free rates.

Posts

We are all behavioral, more or less: A taxonomy of consumer decision making

Infrequent Random Portfolio Decisions in an Open Economy Model

Sentimental Business Cycles

Reputation Building under Observational Learning

Price Discrimination and Public Policy in the U.S. College Market

When Less is More: Improving Choices in Health Insurance Markets

The Missing Profits of Nations

Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle

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