{"status":"ok","message-type":"work-list","message-version":"1.0.0","message":{"facets":{},"total-results":4237,"items":[{"indexed":{"date-parts":[[2023,10,5]],"date-time":"2023-10-05T01:51:49Z","timestamp":1696470709402},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1946]]},"DOI":"10.2307\/2296088","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:40:51Z","timestamp":1150414851000},"page":"82","source":"Crossref","is-referenced-by-count":4,"title":["A New View of the Economics of International Readjustment"],"prefix":"10.1093","volume":"14","author":[{"given":"Thomas","family":"Balogh","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/14\/2\/82\/6938926\/14-2-82.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T02:12:01Z","timestamp":1503540721000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296088"}},"issued":{"date-parts":[[1946]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1946]]}},"URL":"https:\/\/doi.org\/10.2307\/2296088","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1946]]}},{"indexed":{"date-parts":[[2022,4,1]],"date-time":"2022-04-01T23:55:20Z","timestamp":1648857320411},"reference-count":32,"publisher":"Oxford University Press (OUP)","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Review of Economic Studies"],"DOI":"10.1093\/restud\/rdw036","type":"journal-article","created":{"date-parts":[[2016,7,12]],"date-time":"2016-07-12T08:20:34Z","timestamp":1468311634000},"page":"rdw036","source":"Crossref","is-referenced-by-count":2,"title":["Intergenerational Disagreement and Optimal Taxation of Parental Transfers"],"prefix":"10.1093","author":[{"given":"Nicola","family":"Pavoni","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Hakki","family":"Yazici","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2016,7,9]]},"reference":[{"key":"2016072718295038000_rdw036v2.1","doi-asserted-by":"publisher","DOI":"10.1086\/260265"},{"key":"2016072718295038000_rdw036v2.2","doi-asserted-by":"publisher","DOI":"10.2307\/2297753"},{"key":"2016072718295038000_rdw036v2.3","doi-asserted-by":"publisher","DOI":"10.1093\/geront\/39.3.261"},{"key":"2016072718295038000_rdw036v2.4","doi-asserted-by":"crossref","unstructured":"Cremer H. , Pestieau P. , (2011), Wealth and Wealth Transfer Taxation: Asurvey, In Albi E. , and Martinez-Vasquez J. , (eds), The Elgar Guide to Tax Systems, (Northampton, MA:Edward Elgar)183\u2013217.","DOI":"10.4337\/9780857933898.00012"},{"key":"2016072718295038000_rdw036v2.5","doi-asserted-by":"publisher","DOI":"10.1162\/0033553041382111"},{"key":"2016072718295038000_rdw036v2.6","doi-asserted-by":"publisher","DOI":"10.1162\/qjec.2009.124.4.1541"},{"key":"2016072718295038000_rdw036v2.7","doi-asserted-by":"crossref","unstructured":"Doepke M. , and Zilibotti F. , (2014), Parenting with Style: Altruism and Paternalismin Intergenerational Preference Transmission, (UBSCENTER-Working Papers No.008, UBS International Center of Economics in Society\u2013Department of Economics-University of Zurich).","DOI":"10.3386\/w20214"},{"key":"2016072718295038000_rdw036v2.8","doi-asserted-by":"crossref","unstructured":"Farhi E. , and Gabaix X. , (2015), Optimal Taxation with Behavioural Agents (Working Paper No.21524, NBER).","DOI":"10.3386\/w21524"},{"key":"2016072718295038000_rdw036v2.9","doi-asserted-by":"publisher","DOI":"10.1162\/qjec.2010.125.2.635"},{"key":"2016072718295038000_rdw036v2.10","doi-asserted-by":"publisher","DOI":"10.1016\/j.jpubeco.2003.06.001"},{"key":"2016072718295038000_rdw036v2.11","first-page":"258","article-title":"Hyperbolic Discounting and Consumption","volume-title":"Advances in Economics and Econometrics: Theoryand Applications, Eighth World Congress","volume":"1","author":"Harris","year":"2002"},{"key":"2016072718295038000_rdw036v2.12","unstructured":"Jacobson D.B , Raub B.G , and Johnson B.W (2007), The Estate Tax: Ninety Years and Counting, (Technical report, Internal Revenue Service Department of the Treasury)."},{"key":"2016072718295038000_rdw036v2.13","doi-asserted-by":"publisher","DOI":"10.1016\/0047-2727(95)01482-H"},{"key":"2016072718295038000_rdw036v2.14","unstructured":"Kaplow L. , (2001), A Frame work for Assessing Estate and Gift Taxation, In Gale W. , Hines J. , and Slemrod J. , (eds), Rethinking Estate and Gift Taxation (Washington DC: Brookings Institution Press) 164\u2013215."},{"key":"2016072718295038000_rdw036v2.15","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-0262.2005.00630.x"},{"key":"2016072718295038000_rdw036v2.16","first-page":"139","article-title":"Economics of Estate Taxation: A Brief Review of Theory and Evidence","volume":"63","author":"Kopczuk","year":"2009","journal-title":"Tax Law Review"},{"key":"2016072718295038000_rdw036v2.17","doi-asserted-by":"publisher","DOI":"10.1111\/1468-0262.00400"},{"key":"2016072718295038000_rdw036v2.18","doi-asserted-by":"publisher","DOI":"10.3982\/ECTA8611"},{"key":"2016072718295038000_rdw036v2.19","unstructured":"Laibson D. (1994), Self-Control and Saving (Discussion Paper)."},{"key":"2016072718295038000_rdw036v2.20","doi-asserted-by":"publisher","DOI":"10.1162\/003355397555253"},{"key":"2016072718295038000_rdw036v2.21","doi-asserted-by":"publisher","DOI":"10.1016\/S1574-003X(97)80022-0"},{"key":"2016072718295038000_rdw036v2.22","doi-asserted-by":"publisher","DOI":"10.2307\/2296779"},{"key":"2016072718295038000_rdw036v2.23","unstructured":"Morris S. , Postlewaite A. , (1997), Observational Implications of Non-Exponential Discounting (Technical Report)."},{"key":"2016072718295038000_rdw036v2.24","doi-asserted-by":"publisher","DOI":"10.1257\/aer.89.1.103"},{"key":"2016072718295038000_rdw036v2.25","doi-asserted-by":"publisher","DOI":"10.1257\/000282803321947029"},{"key":"2016072718295038000_rdw036v2.26","doi-asserted-by":"publisher","DOI":"10.1016\/j.jpubeco.2006.03.001"},{"key":"2016072718295038000_rdw036v2.27","unstructured":"Pavoni N. , and Yazici H. , (2014), Present-Bias Preferences and Optimal Taxation of Parental Transfers (Unpublished manuscript)."},{"key":"2016072718295038000_rdw036v2.28","doi-asserted-by":"crossref","unstructured":"Pavoni N. , and Yazici H. , (2015 ), Optimal Life-Cycle Capital Taxation Under Self-Control problems, The Economic Journal, forthcoming.doi:10.1111\/ecoj.12323.","DOI":"10.1111\/ecoj.12323"},{"key":"2016072718295038000_rdw036v2.29","doi-asserted-by":"publisher","DOI":"10.2307\/2296547"},{"key":"2016072718295038000_rdw036v2.30","doi-asserted-by":"publisher","DOI":"10.3982\/ECTA10712"},{"key":"2016072718295038000_rdw036v2.31","doi-asserted-by":"crossref","unstructured":"Stokey N.L , Lucas R.E JR. , and Prescott E.C , (1989), Recursive Methods in Economic Dynamics (Cambridge, MA:Harvard University Press).","DOI":"10.2307\/j.ctvjnrt76"},{"key":"2016072718295038000_rdw036v2.32","doi-asserted-by":"publisher","DOI":"10.2307\/2295722"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/84\/3\/1264\/17932713\/rdw036.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,9,11]],"date-time":"2019-09-11T01:25:10Z","timestamp":1568165110000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1093\/restud\/rdw036"}},"issued":{"date-parts":[[2016,7,9]]},"references-count":32,"alternative-id":["10.1093\/restud\/rdw036"],"URL":"https:\/\/doi.org\/10.1093\/restud\/rdw036","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2016,7,9]]}},{"indexed":{"date-parts":[[2022,4,5]],"date-time":"2022-04-05T04:44:33Z","timestamp":1649133873703},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1973,1]]},"DOI":"10.2307\/2296745","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:15:27Z","timestamp":1150416927000},"page":"139","source":"Crossref","is-referenced-by-count":1,"title":["A Note on the Generalized Production Function"],"prefix":"10.1093","volume":"40","author":[{"given":"Jorge E. F.","family":"Pol","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/40\/1\/139\/4393573\/40-1-139.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:29:05Z","timestamp":1503534545000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296745"}},"issued":{"date-parts":[[1973,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1973,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2296745","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1973,1]]}},{"indexed":{"date-parts":[[2023,2,27]],"date-time":"2023-02-27T08:31:08Z","timestamp":1677486668969},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1936,6]]},"DOI":"10.2307\/2967629","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:31:31Z","timestamp":1150399891000},"page":"217","source":"Crossref","is-referenced-by-count":1,"title":["South African Native Taxation"],"prefix":"10.1093","volume":"3","author":[{"given":"Daphne","family":"Trevor","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/3\/3\/217\/4383925\/3-3-217.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T18:05:38Z","timestamp":1503511538000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2967629"}},"issued":{"date-parts":[[1936,6]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1936,6]]}},"URL":"https:\/\/doi.org\/10.2307\/2967629","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1936,6]]}},{"indexed":{"date-parts":[[2023,8,23]],"date-time":"2023-08-23T01:53:01Z","timestamp":1692755581550},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1959,2]]},"DOI":"10.2307\/2296168","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:54:19Z","timestamp":1150401259000},"page":"75","source":"Crossref","is-referenced-by-count":4,"title":["A Statistical Summary of the Extent of Import Control in the United Kingdom Since the War"],"prefix":"10.1093","volume":"26","author":[{"given":"M. F. W.","family":"Hemming","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"C. M.","family":"Miles","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"G. F.","family":"Ray","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/26\/2\/75\/4411594\/26-2-75.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:46:19Z","timestamp":1503531979000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296168"}},"issued":{"date-parts":[[1959,2]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1959,2]]}},"URL":"https:\/\/doi.org\/10.2307\/2296168","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1959,2]]}},{"indexed":{"date-parts":[[2023,10,27]],"date-time":"2023-10-27T04:53:56Z","timestamp":1698382436818},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1993,1]]},"DOI":"10.2307\/2297818","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:13:28Z","timestamp":1150420408000},"page":"197","source":"Crossref","is-referenced-by-count":7,"title":["Least-Squares Learning and the Stability of Equilibria with Externalities"],"prefix":"10.1093","volume":"60","author":[{"given":"Bartholomew J.","family":"Moore","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/60\/1\/197\/4480704\/60-1-197.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:05:12Z","timestamp":1503525912000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297818"}},"issued":{"date-parts":[[1993,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1993,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2297818","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1993,1]]}},{"indexed":{"date-parts":[[2024,7,23]],"date-time":"2024-07-23T06:31:16Z","timestamp":1721716276802},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1939,2]]},"DOI":"10.2307\/2967393","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:34:31Z","timestamp":1150400071000},"page":"100","source":"Crossref","is-referenced-by-count":8,"title":["Commodity Stocks and Prices"],"prefix":"10.1093","volume":"6","author":[{"given":"J. K.","family":"Eastham","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/6\/2\/100\/4514586\/6-2-100.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T19:35:27Z","timestamp":1503516927000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2967393"}},"issued":{"date-parts":[[1939,2]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1939,2]]}},"URL":"https:\/\/doi.org\/10.2307\/2967393","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1939,2]]}},{"indexed":{"date-parts":[[2022,4,5]],"date-time":"2022-04-05T07:20:58Z","timestamp":1649143258998},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1936,6,1]]},"DOI":"10.1093\/restud\/3.3.235","type":"journal-article","created":{"date-parts":[[2012,11,20]],"date-time":"2012-11-20T21:05:30Z","timestamp":1353445530000},"page":"235-235","source":"Crossref","is-referenced-by-count":0,"title":["Books and Monographs Received"],"prefix":"10.1093","volume":"3","member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/3\/3\/235\/4383970\/3-3-235.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T18:05:45Z","timestamp":1503511545000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1093\/restud\/3.3.235"}},"issued":{"date-parts":[[1936,6,1]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1936,6,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/3.3.235","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1936,6,1]]}},{"indexed":{"date-parts":[[2022,4,5]],"date-time":"2022-04-05T07:09:21Z","timestamp":1649142561006},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1958,10]]},"DOI":"10.2307\/2295861","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:54:02Z","timestamp":1150401242000},"page":"70","source":"Crossref","is-referenced-by-count":0,"title":["Neutral Money in Patinkin's \"Money, Interest, and Prices\""],"prefix":"10.1093","volume":"26","author":[{"given":"P.","family":"Wonnacott","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/26\/1\/70\/4434551\/26-1-70.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:57:22Z","timestamp":1503529042000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2295861"}},"issued":{"date-parts":[[1958,10]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1958,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2295861","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1958,10]]}},{"indexed":{"date-parts":[[2022,4,4]],"date-time":"2022-04-04T23:28:10Z","timestamp":1649114890404},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1952]]},"DOI":"10.2307\/2295844","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:46:36Z","timestamp":1150415196000},"page":"105","source":"Crossref","is-referenced-by-count":0,"title":["Entrepreneur's Risk, Lender's Risk, and Investment"],"prefix":"10.1093","volume":"20","author":[{"given":"S.","family":"Wellisz","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/20\/2\/105\/4396090\/20-2-105.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:34:30Z","timestamp":1503534870000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2295844"}},"issued":{"date-parts":[[1952]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1952]]}},"URL":"https:\/\/doi.org\/10.2307\/2295844","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1952]]}},{"indexed":{"date-parts":[[2022,3,31]],"date-time":"2022-03-31T13:47:22Z","timestamp":1648734442746},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1971,1]]},"DOI":"10.2307\/2296626","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:11:04Z","timestamp":1150402264000},"page":"113","source":"Crossref","is-referenced-by-count":4,"title":["Note on \"The Structure of Utility Functions\""],"prefix":"10.1093","volume":"38","author":[{"given":"K.","family":"Vind","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/38\/1\/113\/4362201\/38-1-113.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T18:51:34Z","timestamp":1503514294000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296626"}},"issued":{"date-parts":[[1971,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1971,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2296626","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1971,1]]}},{"indexed":{"date-parts":[[2022,4,2]],"date-time":"2022-04-02T08:23:48Z","timestamp":1648887828998},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1958,6]]},"DOI":"10.2307\/2295991","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:53:31Z","timestamp":1150415611000},"page":"206","source":"Crossref","is-referenced-by-count":1,"title":["Risk Bearing and Income Taxation"],"prefix":"10.1093","volume":"25","author":[{"given":"Nicholas","family":"Kaldor","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/25\/3\/206\/4432457\/25-3-206.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T02:51:59Z","timestamp":1503543119000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2295991"}},"issued":{"date-parts":[[1958,6]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1958,6]]}},"URL":"https:\/\/doi.org\/10.2307\/2295991","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1958,6]]}},{"indexed":{"date-parts":[[2023,9,13]],"date-time":"2023-09-13T18:02:19Z","timestamp":1694628139008},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1974,7]]},"DOI":"10.2307\/2296755","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:18:56Z","timestamp":1150402736000},"page":"353","source":"Crossref","is-referenced-by-count":14,"title":["The Estimation of Non-Linear Econometric Equations: An Application to the Specification and Estimation of an Aggregate Putty-Clay Relation for the United Kingdom"],"prefix":"10.1093","volume":"41","author":[{"given":"Grayham E.","family":"Mizon","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/41\/3\/353\/4423265\/41-3-353.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T21:07:54Z","timestamp":1503522474000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296755"}},"issued":{"date-parts":[[1974,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1974,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2296755","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1974,7]]}},{"indexed":{"date-parts":[[2022,3,30]],"date-time":"2022-03-30T20:52:08Z","timestamp":1648673528873},"reference-count":0,"publisher":"JSTOR","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1952,1,1]]},"DOI":"10.2307\/restud\/19.3.i","type":"journal-article","created":{"date-parts":[[2012,12,10]],"date-time":"2012-12-10T21:10:03Z","timestamp":1355173803000},"page":"i-iii","source":"Crossref","is-referenced-by-count":0,"title":["Index to The Review of Economic Studies"],"prefix":"10.2307","volume":"19","member":"1121","container-title":["The Review of Economic Studies"],"language":"en","deposited":{"date-parts":[[2018,5,9]],"date-time":"2018-05-09T09:47:43Z","timestamp":1525859263000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/restud.oxfordjournals.org\/lookup\/doi\/10.2307\/restud\/19.3.i"}},"issued":{"date-parts":[[1952,1,1]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1952,1,1]]}},"URL":"https:\/\/doi.org\/10.2307\/restud\/19.3.i","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1952,1,1]]}},{"indexed":{"date-parts":[[2022,3,30]],"date-time":"2022-03-30T07:11:32Z","timestamp":1648624292459},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1984,7]]},"DOI":"10.2307\/2297434","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:41:24Z","timestamp":1150418484000},"page":"461","source":"Crossref","is-referenced-by-count":2,"title":["Nonuniform Pricing with Unobservable Numbers of Purchases"],"prefix":"10.1093","volume":"51","author":[{"given":"Michael L.","family":"Katz","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/51\/3\/461\/4418331\/51-3-461.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:55:56Z","timestamp":1503536156000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297434"}},"issued":{"date-parts":[[1984,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1984,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2297434","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1984,7]]}},{"indexed":{"date-parts":[[2023,8,31]],"date-time":"2023-08-31T05:50:31Z","timestamp":1693461031660},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1978,6]]},"DOI":"10.2307\/2297355","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:27:00Z","timestamp":1150417620000},"page":"389","source":"Crossref","is-referenced-by-count":5,"title":["Distributional Goals and Optimal Growth"],"prefix":"10.1093","volume":"45","author":[{"given":"Owen","family":"Stanley","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/45\/2\/389\/4530986\/45-2-389.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T04:29:30Z","timestamp":1503548970000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297355"}},"issued":{"date-parts":[[1978,6]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1978,6]]}},"URL":"https:\/\/doi.org\/10.2307\/2297355","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1978,6]]}},{"indexed":{"date-parts":[[2022,4,3]],"date-time":"2022-04-03T08:41:59Z","timestamp":1648975319342},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1957,6]]},"DOI":"10.2307\/2296073","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:52:05Z","timestamp":1150415525000},"page":"215","source":"Crossref","is-referenced-by-count":1,"title":["A Reply to Mr. Kemp"],"prefix":"10.1093","volume":"24","author":[{"given":"A. R.","family":"Bergstrom","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/24\/3\/215\/4383619\/24-3-215.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:04:34Z","timestamp":1503525874000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296073"}},"issued":{"date-parts":[[1957,6]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1957,6]]}},"URL":"https:\/\/doi.org\/10.2307\/2296073","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1957,6]]}},{"indexed":{"date-parts":[[2022,3,30]],"date-time":"2022-03-30T22:12:00Z","timestamp":1648678320295},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1940,6,1]]},"DOI":"10.2307\/2967405","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:35:47Z","timestamp":1150400147000},"page":"180-184","source":"Crossref","is-referenced-by-count":1,"title":["The Keynesian Equations and the Balance of Payments"],"prefix":"10.1093","volume":"7","author":[{"given":"M.","family":"Bronfenbrenner","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/7\/3\/180\/4441590\/7-3-180.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:33:53Z","timestamp":1503527633000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2967405"}},"issued":{"date-parts":[[1940,6,1]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1940,6,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2967405","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1940,6,1]]}},{"indexed":{"date-parts":[[2022,3,31]],"date-time":"2022-03-31T22:50:30Z","timestamp":1648767030005},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1974,10]]},"DOI":"10.2307\/2296707","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:19:26Z","timestamp":1150402766000},"page":"571","source":"Crossref","is-referenced-by-count":1,"title":["A Note on \"A Four-Flagged Lemma\""],"prefix":"10.1093","volume":"41","author":[{"given":"Karl","family":"Vind","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/41\/4\/571\/4411894\/41-4-571.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:47:26Z","timestamp":1503532046000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296707"}},"issued":{"date-parts":[[1974,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1974,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2296707","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1974,10]]}},{"indexed":{"date-parts":[[2022,9,16]],"date-time":"2022-09-16T16:09:48Z","timestamp":1663344588933},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1943]]},"DOI":"10.2307\/2967516","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:38:30Z","timestamp":1150400310000},"page":"20","source":"Crossref","is-referenced-by-count":3,"title":["The Welfare Significance of Productive Labour"],"prefix":"10.1093","volume":"11","author":[{"given":"Hla","family":"Myint","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/11\/1\/20\/4369988\/11-1-20.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T19:46:44Z","timestamp":1503517604000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2967516"}},"issued":{"date-parts":[[1943]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1943]]}},"URL":"https:\/\/doi.org\/10.2307\/2967516","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1943]]}},{"indexed":{"date-parts":[[2022,3,30]],"date-time":"2022-03-30T12:16:12Z","timestamp":1648642572388},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1975,10]]},"DOI":"10.2307\/2296796","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:22:00Z","timestamp":1150417320000},"page":"597","source":"Crossref","is-referenced-by-count":0,"title":["The Aggregate Excess Demand Correspondence and the Structure of Economies with Externalities"],"prefix":"10.1093","volume":"42","author":[{"given":"D. T.","family":"Scheffman","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/42\/4\/597\/4482423\/42-4-597.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:09:57Z","timestamp":1503526197000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296796"}},"issued":{"date-parts":[[1975,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1975,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2296796","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1975,10]]}},{"indexed":{"date-parts":[[2022,4,3]],"date-time":"2022-04-03T08:21:50Z","timestamp":1648974110417},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1990,10]]},"DOI":"10.2307\/2298094","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:08:16Z","timestamp":1150420096000},"page":"699","source":"Crossref","is-referenced-by-count":0,"title":["Comparative Statics and Relative Convexity"],"prefix":"10.1093","volume":"57","author":[{"given":"P.","family":"Simmons","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/57\/4\/699\/4392572\/57-4-699.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:26:59Z","timestamp":1503534419000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2298094"}},"issued":{"date-parts":[[1990,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1990,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2298094","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1990,10]]}},{"indexed":{"date-parts":[[2022,4,1]],"date-time":"2022-04-01T12:19:24Z","timestamp":1648815564281},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1950]]},"DOI":"10.2307\/2295975","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:44:44Z","timestamp":1150400684000},"page":"154","source":"Crossref","is-referenced-by-count":2,"title":["Thomas Joplin and the Theory of Interest"],"prefix":"10.1093","volume":"18","author":[{"given":"Ronald L.","family":"Meek","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/18\/3\/154\/6939026\/18-3-154.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T21:10:31Z","timestamp":1503522631000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2295975"}},"issued":{"date-parts":[[1950]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1950]]}},"URL":"https:\/\/doi.org\/10.2307\/2295975","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1950]]}},{"indexed":{"date-parts":[[2023,9,13]],"date-time":"2023-09-13T05:42:04Z","timestamp":1694583724002},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1983,4]]},"DOI":"10.2307\/2297423","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:39:00Z","timestamp":1150403940000},"page":"375","source":"Crossref","is-referenced-by-count":6,"title":["Efficient Decentralisation with a Transferable Good"],"prefix":"10.1093","volume":"50","author":[{"given":"M. J.","family":"Browning","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/50\/2\/375\/4356048\/50-2-375.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T18:34:22Z","timestamp":1503513262000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297423"}},"issued":{"date-parts":[[1983,4]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1983,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2297423","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1983,4]]}},{"indexed":{"date-parts":[[2022,4,1]],"date-time":"2022-04-01T14:52:46Z","timestamp":1648824766252},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1981,7]]},"DOI":"10.2307\/2297163","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:34:45Z","timestamp":1150418085000},"page":"511","source":"Crossref","is-referenced-by-count":4,"title":["Games with Self-Generating Distributions"],"prefix":"10.1093","volume":"48","author":[{"given":"H. M.","family":"Shefrin","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/48\/3\/511\/4415740\/48-3-511.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T03:58:31Z","timestamp":1503547111000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297163"}},"issued":{"date-parts":[[1981,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1981,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2297163","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1981,7]]}},{"indexed":{"date-parts":[[2025,3,19]],"date-time":"2025-03-19T10:02:04Z","timestamp":1742378524722},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1935,10]]},"DOI":"10.2307\/2967571","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:30:26Z","timestamp":1150414226000},"page":"50","source":"Crossref","is-referenced-by-count":10,"title":["A Note on the Theory of Price Index Numbers"],"prefix":"10.1093","volume":"3","author":[{"given":"A. P.","family":"Lerner","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/3\/1\/50\/4506083\/3-1-50.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:18:55Z","timestamp":1503526735000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2967571"}},"issued":{"date-parts":[[1935,10]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1935,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2967571","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1935,10]]}},{"indexed":{"date-parts":[[2023,11,15]],"date-time":"2023-11-15T17:39:00Z","timestamp":1700069940368},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1939,6]]},"DOI":"10.2307\/2967643","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:34:51Z","timestamp":1150414491000},"page":"177","source":"Crossref","is-referenced-by-count":8,"title":["The Process of Unemployment in the Depressed Areas. (1935-1938)"],"prefix":"10.1093","volume":"6","author":[{"given":"H. W.","family":"Singer","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/6\/3\/177\/4391231\/6-3-177.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:24:07Z","timestamp":1503527047000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2967643"}},"issued":{"date-parts":[[1939,6]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1939,6]]}},"URL":"https:\/\/doi.org\/10.2307\/2967643","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1939,6]]}},{"indexed":{"date-parts":[[2023,11,7]],"date-time":"2023-11-07T01:39:51Z","timestamp":1699321191246},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1949,1,1]]},"DOI":"10.2307\/2296278","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:43:32Z","timestamp":1150415012000},"page":"189-197","source":"Crossref","is-referenced-by-count":6,"title":["The Community Indifference Map: A Construction"],"prefix":"10.1093","volume":"17","author":[{"given":"W. J.","family":"Baumol","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/17\/3\/189\/4510502\/17-3-189.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:32:34Z","timestamp":1503527554000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296278"}},"issued":{"date-parts":[[1949,1,1]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1949,1,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2296278","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1949,1,1]]}},{"indexed":{"date-parts":[[2022,4,1]],"date-time":"2022-04-01T03:48:13Z","timestamp":1648784893747},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Rev Econ Studies"],"published-print":{"date-parts":[[2003,10]]},"DOI":"10.1111\/1467-937x.00262","type":"journal-article","created":{"date-parts":[[2003,12,2]],"date-time":"2003-12-02T08:23:06Z","timestamp":1070353386000},"page":"697-697","source":"Crossref","is-referenced-by-count":0,"title":["Editorial Announcement"],"prefix":"10.1093","volume":"70","author":[{"given":"Orazio","family":"Attanasio","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Michael","family":"Woodford","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/70\/4\/697\/4363638\/70-4-697.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:31:51Z","timestamp":1503531111000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/1467-937X.00262"}},"issued":{"date-parts":[[2003,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[2003,10]]}},"alternative-id":["10.1111\/1467-937X.00262"],"URL":"https:\/\/doi.org\/10.1111\/1467-937x.00262","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2003,10]]}},{"indexed":{"date-parts":[[2022,8,4]],"date-time":"2022-08-04T13:08:19Z","timestamp":1659618499338},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1936,2]]},"DOI":"10.2307\/2967506","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:30:57Z","timestamp":1150399857000},"page":"147","source":"Crossref","is-referenced-by-count":3,"title":["I. Note on Dr. Machlup's Article"],"prefix":"10.1093","volume":"3","author":[{"given":"Milton","family":"Friedman","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/3\/2\/147\/4551460\/3-2-147.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:02:53Z","timestamp":1503532973000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2967506"}},"issued":{"date-parts":[[1936,2]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1936,2]]}},"URL":"https:\/\/doi.org\/10.2307\/2967506","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1936,2]]}},{"indexed":{"date-parts":[[2025,8,7]],"date-time":"2025-08-07T08:55:18Z","timestamp":1754556918553},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1992,7]]},"DOI":"10.2307\/2297869","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T21:12:26Z","timestamp":1150405946000},"page":"635","source":"Crossref","is-referenced-by-count":45,"title":["Aggregation with Log-Linear Models"],"prefix":"10.1093","volume":"59","author":[{"given":"Arthur","family":"Lewbel","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/59\/3\/635\/4616939\/59-3-635.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T21:09:29Z","timestamp":1503522569000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297869"}},"issued":{"date-parts":[[1992,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1992,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2297869","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1992,7]]}},{"indexed":{"date-parts":[[2024,3,2]],"date-time":"2024-03-02T05:27:53Z","timestamp":1709357273531},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Rev Econ Studies"],"published-print":{"date-parts":[[2004,10]]},"DOI":"10.1111\/j.1467-937x.2004.00314.x","type":"journal-article","created":{"date-parts":[[2004,10,1]],"date-time":"2004-10-01T04:01:18Z","timestamp":1096603278000},"page":"1027-1063","source":"Crossref","is-referenced-by-count":0,"title":["A Perpetual Race to Stay Ahead"],"prefix":"10.1093","volume":"71","author":[{"given":"Johannes","family":"Horner","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["Review of Economic Studies"],"language":"en","deposited":{"date-parts":[[2015,4,9]],"date-time":"2015-04-09T19:55:54Z","timestamp":1428609354000},"score":0.0,"resource":{"primary":{"URL":"http:\/\/doi.wiley.com\/10.1111\/j.1467-937X.2004.00314.x"}},"issued":{"date-parts":[[2004,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[2004,10]]}},"alternative-id":["10.1111\/j.1467-937X.2004.00314.x"],"URL":"https:\/\/doi.org\/10.1111\/j.1467-937x.2004.00314.x","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2004,10]]}},{"indexed":{"date-parts":[[2025,7,24]],"date-time":"2025-07-24T12:23:47Z","timestamp":1753359827644},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1989,4]]},"DOI":"10.2307\/2297463","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:04:56Z","timestamp":1150419896000},"page":"297","source":"Crossref","is-referenced-by-count":7,"title":["Price Aggregation When Price-Taking Firms' Prices Vary"],"prefix":"10.1093","volume":"56","author":[{"given":"Rulon D.","family":"Pope","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Robert G.","family":"Chambers","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/56\/2\/297\/4413511\/56-2-297.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T03:52:11Z","timestamp":1503546731000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297463"}},"issued":{"date-parts":[[1989,4]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1989,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2297463","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1989,4]]}},{"indexed":{"date-parts":[[2025,9,20]],"date-time":"2025-09-20T21:09:22Z","timestamp":1758402562506},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1979,1]]},"DOI":"10.2307\/2297175","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:28:25Z","timestamp":1150417705000},"page":"97","source":"Crossref","is-referenced-by-count":6,"title":["Implicit Contracts and Employment Theory"],"prefix":"10.1093","volume":"46","author":[{"given":"H. M.","family":"Polemarchakis","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/46\/1\/97\/4423600\/46-1-97.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T01:08:37Z","timestamp":1503536917000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297175"}},"issued":{"date-parts":[[1979,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1979,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2297175","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1979,1]]}},{"indexed":{"date-parts":[[2025,9,17]],"date-time":"2025-09-17T14:55:23Z","timestamp":1758120923996},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1978,2,1]]},"DOI":"10.2307\/2297096","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:26:19Z","timestamp":1150417579000},"page":"203-207","source":"Crossref","is-referenced-by-count":36,"title":["Prices vs. Quantities: A Critical Note on the Use of Approximations"],"prefix":"10.1093","volume":"45","author":[{"given":"J. M.","family":"Malcomson","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/45\/1\/203\/4428458\/45-1-203.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T02:42:45Z","timestamp":1503542565000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297096"}},"issued":{"date-parts":[[1978,2,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1978,2,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2297096","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1978,2,1]]}},{"indexed":{"date-parts":[[2026,1,16]],"date-time":"2026-01-16T07:34:22Z","timestamp":1768548862389,"version":"3.49.0"},"reference-count":45,"publisher":"Oxford University Press (OUP)","issue":"4","license":[{"start":{"date-parts":[[2021,11,2]],"date-time":"2021-11-02T00:00:00Z","timestamp":1635811200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/journals\/pages\/open_access\/funder_policies\/chorus\/standard_publication_model"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2022,7,9]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>Informal care provided by adult children substitutes for formal long-term care services. However, information about children is not used in pricing long-term care insurance which pays only for formal care. I start by providing descriptive evidence that private information about children\u2019s informal care likelihood results in adverse selection: the market attracts a disproportionate number of individuals who face higher formal care utilization risk due to a lower probability of receiving care from their children. To quantify the welfare consequence of adverse selection, I develop and estimate a dynamic intergenerational model featuring long-term care insurance, savings, informal care provision, and employment choices. Based on the estimated equilibrium insurance market framework, I show that using information about children in pricing insurance contracts reduces adverse selection and results in the average welfare gain of $6,200 per family. Using the non-cooperative feature of the model, I also quantify to what extent parents forgo long-term care insurance to avoid diminishing children\u2019s informal care incentive.<\/jats:p>","DOI":"10.1093\/restud\/rdab075","type":"journal-article","created":{"date-parts":[[2021,10,28]],"date-time":"2021-10-28T19:14:36Z","timestamp":1635448476000},"page":"1993-2025","source":"Crossref","is-referenced-by-count":20,"title":["An Equilibrium Analysis of the Long-Term Care Insurance Market"],"prefix":"10.1093","volume":"89","author":[{"given":"Ami","family":"Ko","sequence":"first","affiliation":[{"name":"Georgetown University"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2021,11,2]]},"reference":[{"key":"2022071815034282300_B1","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1111\/j.1468-0262.2007.00731.x","article-title":"Sequential Estimation of Dynamic Discrete Games","volume":"75","author":"AGUIRREGABIRIA,","year":"2007","journal-title":"Econometrica"},{"key":"2022071815034282300_B2","doi-asserted-by":"crossref","first-page":"363","DOI":"10.1146\/annurev-economics-111809-125038","article-title":"Practical Methods for Estimation of Dynamic Discrete Choice Models","volume":"3","author":"ARCIDIACONO,","year":"2011","journal-title":"Annual Review of Economics"},{"key":"2022071815034282300_B3","doi-asserted-by":"crossref","first-page":"1331","DOI":"10.1111\/j.1468-0262.2007.00796.x","article-title":"Estimating Dynamic Models of Imperfect Competition","volume":"75","author":"BAJARI,","year":"2007","journal-title":"Econometrica"},{"key":"2022071815034282300_B4","doi-asserted-by":"crossref","first-page":"766","DOI":"10.1093\/restud\/rdx036","article-title":"Evaluating Long-Term-Care Policy Options, Taking the Family Seriously","volume":"85","author":"BARCZYK,","year":"2018","journal-title":"Review of Economic Studies"},{"key":"2022071815034282300_B5","doi-asserted-by":"crossref","first-page":"1045","DOI":"10.1086\/261351","article-title":"The Strategic Bequest Motive","volume":"93","author":"BERNHEIM,","year":"1985","journal-title":"Journal of Political Economy"},{"key":"2022071815034282300_B6","doi-asserted-by":"crossref","first-page":"981","DOI":"10.3982\/ECTA15295","article-title":"Old, Frail, and Uninsured: Accounting for Features of the U.S. Long-Term Care Insurance Market","volume":"87","author":"BRAUN,","year":"2019","journal-title":"Econometrica"},{"key":"2022071815034282300_B7","article-title":"Long Term Care Survey, Broker World","year":"2009-2015"},{"key":"2022071815034282300_B8","doi-asserted-by":"crossref","first-page":"1967","DOI":"10.1016\/j.jpubeco.2007.02.010","article-title":"Why Is the Market for Long-Term Care Insurance So Small?","volume":"91","author":"BROWN,","year":"2007","journal-title":"Journal of Public Economics"},{"key":"2022071815034282300_B9","doi-asserted-by":"crossref","first-page":"1083","DOI":"10.1257\/aer.98.3.1083","article-title":"The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market","volume":"98","author":"BROWN,","year":"2008","journal-title":"American Economic Review"},{"key":"2022071815034282300_B10","doi-asserted-by":"crossref","first-page":"191","DOI":"10.3368\/jhr.XLI.1.191","article-title":"Informal Care and the Division of End-of-Life Transfers","volume":"41","author":"BROWN,","year":"2006","journal-title":"Journal of Human Resources"},{"key":"2022071815034282300_B11","doi-asserted-by":"crossref","first-page":"1205","DOI":"10.1111\/j.1468-2354.2009.00566.x","article-title":"Formal Home Health Care, Informal Care, and Family Decision Making","volume":"50","author":"BYRNE,","year":"2009","journal-title":"International Economic Review"},{"key":"2022071815034282300_B12","doi-asserted-by":"crossref","first-page":"263","DOI":"10.1257\/aer.103.3.263","article-title":"Is Ignorance Bliss? The Effect of Asymmetric Information between Spouses on Intra-Household Allocations","volume":"103","author":"CASTILLA,","year":"2013","journal-title":"American Economic Review: Papers & Proceedings"},{"key":"2022071815034282300_B13","doi-asserted-by":"crossref","first-page":"1065","DOI":"10.1086\/704759","article-title":"Early and Late Human Capital Investments, Borrowing Constraints, and the Family","volume":"128","author":"CAUCUTT,","year":"2020","journal-title":"Journal of Political Economy"},{"key":"2022071815034282300_B14","doi-asserted-by":"crossref","first-page":"1174","DOI":"10.1016\/j.jhealeco.2005.05.001","article-title":"Can Family Caregiving Substitute for Nursing Home Care?","volume":"24","author":"CHARLES,","year":"2005","journal-title":"Journal of Health Economics"},{"key":"2022071815034282300_B15","doi-asserted-by":"crossref","DOI":"10.3386\/w21483","article-title":"Family Spillovers of Long-Term Care Insurance","author":"COE,","year":"2015"},{"key":"2022071815034282300_B16","doi-asserted-by":"crossref","first-page":"65","DOI":"10.1007\/s11166-011-9120-6","article-title":"\u2018Two-Sided Intergenerational Moral Hazard, Long-Term Care Insurance, and Nursing Home Use","volume":"43","author":"COURBAGE,","year":"2011","journal-title":"Journal of Risk and Uncertainty"},{"key":"2022071815034282300_B17","doi-asserted-by":"crossref","first-page":"743","DOI":"10.1111\/j.1467-937X.2004.00302.x","article-title":"Wealth Inequality and Intergenerational Links","volume":"71","author":"DE NARDI,","year":"2004","journal-title":"Review of Economic Studies"},{"key":"2022071815034282300_B18","doi-asserted-by":"crossref","first-page":"39","DOI":"10.1086\/651674","article-title":"Why Do the Elderly Save? The Role of Medical Expenses","volume":"118","author":"DE NARDI,","year":"2010","journal-title":"Journal of Political Economy"},{"key":"2022071815034282300_B19","doi-asserted-by":"crossref","first-page":"311","DOI":"10.1146\/annurev.economics.050708.143254","article-title":"Beyond Testing: Empirical Models of Insurance Markets","volume":"2","author":"EINAV,","year":"2010","journal-title":"Annual Review of Economics"},{"key":"2022071815034282300_B20","article-title":"Harnessing the Potential of Family Caregivers: A Solution to the U.S. Long-Term Care Crisis?","author":"FAHLE,","year":"2014"},{"key":"2022071815034282300_B21","doi-asserted-by":"crossref","first-page":"938","DOI":"10.1257\/aer.96.4.938","article-title":"Multiple Dimensions of Private Information: Evidence from the Long-Term Care Insurance Market","volume":"96","author":"FINKELSTEIN,","year":"2006","journal-title":"American Economic Review"},{"key":"2022071815034282300_B22","doi-asserted-by":"crossref","first-page":"709","DOI":"10.1111\/jori.12030","article-title":"Testing for Asymmetric Information Using \u201cUnused Observables\u201d in Insurance Markets: Evidence from the U.K. Annuity Market","volume":"81","author":"FINKELSTEIN,","year":"2014","journal-title":"Journal of Risk and Insurance"},{"key":"2022071815034282300_B23","article-title":"What is the Source of the Intergenerational Correlation in Earnings?","author":"GAYLE,","year":"2018"},{"key":"2022071815034282300_B24","doi-asserted-by":"crossref","first-page":"531","DOI":"10.3368\/jhr.52.2.1214-6839R1","article-title":"Bequests and Informal Long-Term Care: Evidence from the HRS Exit-Interviews","volume":"52","author":"GRONECK,","year":"2017","journal-title":"Journal of Human Resources"},{"key":"2022071815034282300_B25","article-title":"Public Survey Data","year":"1998-2010"},{"key":"2022071815034282300_B26","doi-asserted-by":"crossref","first-page":"1713","DOI":"10.3982\/ECTA10931","article-title":"Private Information and Insurance Rejections","volume":"81","author":"HENDREN,","year":"2013","journal-title":"Econometrica"},{"key":"2022071815034282300_B27","doi-asserted-by":"crossref","first-page":"497","DOI":"10.2307\/2298122","article-title":"Conditional Choice Probabilities and the Estimation of Dynamic Models","volume":"60","author":"HOTZ,","year":"1993","journal-title":"Review of Economic Studies"},{"key":"2022071815034282300_B28","doi-asserted-by":"crossref","first-page":"265","DOI":"10.2307\/2297981","article-title":"A Simulation Estimator for Dynamic Models of Discrete Choice","volume":"61","author":"HOTZ,","year":"1994","journal-title":"Review of Economic Studies"},{"key":"2022071815034282300_B29","doi-asserted-by":"crossref","first-page":"360","DOI":"10.1086\/261987","article-title":"Precautionary Saving and Social Insurance","volume":"103","author":"HUBBARD,","year":"1995","journal-title":"Journal of Political Economy"},{"key":"2022071815034282300_B30","article-title":"Improved Wealth Measures in the Health and Retirement Study","author":"HURD,","year":"2016"},{"key":"2022071815034282300_B31","doi-asserted-by":"crossref","first-page":"446","DOI":"10.1086\/666588","article-title":"Moving Back Home: Insurance against Labor Market Risk","volume":"120","author":"KAPLAN,","year":"2012","journal-title":"Journal of Political Economy"},{"key":"2022071815034282300_B32","doi-asserted-by":"crossref","first-page":"335","DOI":"10.5034\/inquiryjrnl_42.4.335","article-title":"Long-Term Care Over an Uncertain Future: What Can Current Retirees Expect?","volume":"42","author":"KEMPER,","year":"2005\/2006","journal-title":"Inquiry"},{"key":"2022071815034282300_B33","doi-asserted-by":"crossref","first-page":"855","DOI":"10.1086\/700765","article-title":"\u2018On the Intergenerational Transmission of Economic Status","volume":"127","author":"LEE,","year":"2019","journal-title":"Journal of Political Economy"},{"key":"2022071815034282300_B34","doi-asserted-by":"crossref","first-page":"2513","DOI":"10.1257\/aer.20141651","article-title":"Incidental Bequests and the Choice to Self-Insure Late-Life Risks","volume":"108","author":"LOCKWOOD,","year":"2018","journal-title":"American Economic Review"},{"key":"2022071815034282300_B35","doi-asserted-by":"crossref","first-page":"988","DOI":"10.1086\/261912","article-title":"Separate Spheres Bargaining and the Marriage Market","volume":"101","author":"LUNDBERG,","year":"1993","journal-title":"Journal of Political Economy"},{"key":"2022071815034282300_B36","doi-asserted-by":"crossref","first-page":"82","DOI":"10.1093\/geronb\/52B.Special_Issue.82","article-title":"Transfer Behavior within the Family: Results from the Asset and Health Dynamics Study","volume":"52B","author":"MCGARRY,","year":"1997","journal-title":"Journals of Gerontology Series B"},{"key":"2022071815034282300_B37","article-title":"National Survey of Nursing Home and Assisted Living Costs","year":"2008"},{"key":"2022071815034282300_B38","article-title":"Long-Term Care Insurance and the Family","author":"MOMMAERTS,","year":"2016"},{"key":"2022071815034282300_B39","doi-asserted-by":"crossref","first-page":"373","DOI":"10.1111\/j.1756-2171.2007.tb00073.x","article-title":"Simple Estimators for the Parameters of Discrete Dynamic Games (with Entry\/Exit Examples)","volume":"38","author":"PAKES,","year":"2007","journal-title":"Rand Journal of Economics"},{"key":"2022071815034282300_B40","doi-asserted-by":"crossref","first-page":"395","DOI":"10.1111\/1467-937X.00092","article-title":"Uncertain Medical Expenses and Precautionary Saving Near the End of the Life Cycle","volume":"66","author":"PALUMBO,","year":"1999","journal-title":"Review of Economic Studies"},{"key":"2022071815034282300_B41","doi-asserted-by":"crossref","first-page":"153","DOI":"10.1086\/261673","article-title":"The Rational Nonpurchase of Long-Term Care Insurance","volume":"98","author":"PAULY,","year":"1990","journal-title":"Journal of Political Economy"},{"key":"2022071815034282300_B42","doi-asserted-by":"crossref","first-page":"901","DOI":"10.1111\/j.1467-937X.2008.00496.x","article-title":"Asymptotic Least Squares Estimators for Dynamic Games","volume":"75","author":"PESENDORFER,","year":"2008","journal-title":"Review of Economic Studies"},{"key":"2022071815034282300_B43","doi-asserted-by":"crossref","first-page":"63","DOI":"10.1111\/iere.12095","article-title":"Dynamic Wage and Employment Effects of Elder Parent Care","volume":"56","author":"SKIRA,","year":"2015","journal-title":"International Economic Review"},{"key":"2022071815034282300_B44","first-page":"12","article-title":"An Overview of the U.S. LTC Insurance Market (Past and Present): The Economic Need for LTC Insurance, the History of LTC Regulation & Taxation and the Development of LTC Product Design Features","year":"2014"},{"key":"2022071815034282300_B45","doi-asserted-by":"crossref","first-page":"65","DOI":"10.1007\/BF00353331","article-title":"Long-Term Care Insurance and Bequests as Instruments for Shaping Intergenerational Relationships","volume":"12","author":"ZWEIFEL,","year":"1996","journal-title":"Journal of Risk and Uncertainty"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdab075\/42562766\/rdab075.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/89\/4\/1993\/44998547\/rdab075.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/89\/4\/1993\/44998547\/rdab075.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,7,18]],"date-time":"2022-07-18T15:17:44Z","timestamp":1658157464000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/89\/4\/1993\/6415841"}},"issued":{"date-parts":[[2021,11,2]]},"references-count":45,"journal-issue":{"issue":"4","published-online":{"date-parts":[[2021,11,2]]},"published-print":{"date-parts":[[2022,7,9]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdab075","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2022,7,1]]},"published":{"date-parts":[[2021,11,2]]}},{"indexed":{"date-parts":[[2026,1,19]],"date-time":"2026-01-19T11:11:30Z","timestamp":1768821090183,"version":"3.49.0"},"reference-count":33,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2004,1]]},"DOI":"10.1111\/0034-6527.00281","type":"journal-article","created":{"date-parts":[[2003,12,16]],"date-time":"2003-12-16T09:44:31Z","timestamp":1071567871000},"page":"193-215","source":"Crossref","is-referenced-by-count":61,"title":["Persistence of Employment Fluctuations: A Model of Recurring Job Loss"],"prefix":"10.1093","volume":"71","author":[{"given":"Michael J.","family":"Pries","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2004,1]]},"reference":[{"key":"key\n\t\t\t\t20170710082157_R1","first-page":"112","article-title":"Business Cycles and Labor-Market Search","volume":"86","author":"Andolfatto","year":"1996","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20170710082157_R2","volume-title":"Is There a Cleansing Effect in Recessions? Evidence from Wage Data","author":"Barlevy","year":"2000"},{"key":"key\n\t\t\t\t20170710082157_R3","doi-asserted-by":"crossref","first-page":"65","DOI":"10.1111\/1467-937X.00198","article-title":"The Sullying Effect of Recessions","volume":"69","author":"Barlevy","year":"2002","journal-title":"The Review of Economic Studies"},{"key":"key\n\t\t\t\t20170710082157_R4","doi-asserted-by":"crossref","first-page":"666","DOI":"10.1086\/261325","article-title":"Real Wages over the Business Cycle: Evidence from Panel Data","volume":"93","author":"Bils","year":"1985","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t20170710082157_R5","doi-asserted-by":"crossref","first-page":"1","DOI":"10.2307\/2534495","article-title":"The Beveridge Curve","volume":"No. 1","author":"Blanchard","year":"1989","journal-title":"Brookings Papers on Economic Activity"},{"key":"key\n\t\t\t\t20170710082157_R6","doi-asserted-by":"crossref","first-page":"85","DOI":"10.2307\/2534505","article-title":"The Cyclical Behavior of the Gross Flows of U.S. Workers","volume":"No. 2","author":"Blanchard","year":"1990","journal-title":"Brookings Papers on Economic Activity"},{"key":"key\n\t\t\t\t20170710082157_R7","volume-title":"Unemployment and Labor Force Participation in a Model of Precautionary Savings","author":"Chatterjee","year":"2001"},{"key":"key\n\t\t\t\t20170710082157_R8","first-page":"492","article-title":"Output Dynamics and Real-Business-Cycle Models","volume":"85","author":"Cogley","year":"1995","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20170710082157_R9","doi-asserted-by":"crossref","first-page":"933","DOI":"10.1111\/1468-2354.00048","article-title":"Can the Mortensen-Pissarides Matching Model Match the Business-Cycle Facts?","volume":"40","author":"Cole","year":"1999","journal-title":"International Economic Review"},{"key":"key\n\t\t\t\t20170710082157_R10","doi-asserted-by":"crossref","first-page":"482","DOI":"10.1257\/aer.90.3.482","article-title":"Job Destruction and Propagation of Shocks","volume":"90","author":"den Haan","year":"2000","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20170710082157_R11","doi-asserted-by":"crossref","first-page":"206","DOI":"10.1086\/209831","article-title":"Job Stability in the United States","volume":"15","author":"Diebold","year":"1997","journal-title":"Journal of Labor Economics"},{"key":"key\n\t\t\t\t20170710082157_R12","doi-asserted-by":"crossref","first-page":"554","DOI":"10.1086\/298362","article-title":"The Analysis of Interfirm Worker Mobility","volume":"12","author":"Farber","year":"1994","journal-title":"Journal of Labor Economics"},{"key":"key\n\t\t\t\t20170710082157_R13","first-page":"716","article-title":"The Importance of Lifetime Jobs in the U.S. Economy","volume":"72","author":"Hall","year":"1982","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20170710082157_R14","first-page":"17","article-title":"Labor Demand, Supply, and Employment Volatility","volume-title":"NBER Macroeconomics Annual","author":"Hall","year":"1991"},{"key":"key\n\t\t\t\t20170710082157_R15","doi-asserted-by":"crossref","first-page":"221","DOI":"10.2307\/2534575","article-title":"Lost Jobs","volume":"No. 1","author":"Hall","year":"1995","journal-title":"Brookings Papers on Economic Activity"},{"key":"key\n\t\t\t\t20170710082157_R16","doi-asserted-by":"crossref","first-page":"279","DOI":"10.2307\/2297382","article-title":"On the Efficiency of Matching and Related Models of Search and Unemployment","volume":"57","author":"Hosios","year":"1990","journal-title":"The Review of Economic Studies"},{"key":"key\n\t\t\t\t20170710082157_R17","doi-asserted-by":"crossref","first-page":"165","DOI":"10.1086\/209851","article-title":"Persistent Effects of Job Displacement: The Importance of Multiple Job Losses","volume":"15","author":"Huff Stevens","year":"1997","journal-title":"Journal of Labor Economics"},{"key":"key\n\t\t\t\t20170710082157_R18","first-page":"685","article-title":"Earnings Losses of Displaced Workers","volume":"83","author":"Jacobson","year":"1993","journal-title":"The American Economic Review"},{"key":"key\n\t\t\t\t20170710082157_R19","doi-asserted-by":"crossref","first-page":"1246","DOI":"10.1086\/260834","article-title":"Firm-specific Capital and Turnover","volume":"87","author":"Jovanovic","year":"1979","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t20170710082157_R20","doi-asserted-by":"crossref","first-page":"972","DOI":"10.1086\/260808","article-title":"Job Matching and the Theory of Turnover","volume":"87","author":"Jovanovic","year":"1979","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t20170710082157_R21","doi-asserted-by":"crossref","first-page":"269","DOI":"10.1016\/0304-3932(95)01216-8","article-title":"Search in the Labor Market and the Real Business Cycle","volume":"36","author":"Merz","year":"1995","journal-title":"Journal of Monetary Economic"},{"key":"key\n\t\t\t\t20170710082157_R22","doi-asserted-by":"crossref","first-page":"397","DOI":"10.2307\/2297896","article-title":"Job Creation and Job Destruction in the Theory of Unemployment","volume":"61","author":"Mortensen","year":"1994","journal-title":"The Review of Economic Studies"},{"key":"key\n\t\t\t\t20170710082157_R23","first-page":"11","article-title":"The Evolution of Unemployment in the United States: 1968\u20131985","volume-title":"NBER Macroeconomics Annual","author":"Murphy","year":"1987"},{"key":"key\n\t\t\t\t20170710082157_R24","volume-title":"Learning-by-Doing versus Learning About Match Quality: Can We Tell Them Apart?","author":"Nagyp\u00e1l","year":"2000"},{"key":"key\n\t\t\t\t20170710082157_R25","doi-asserted-by":"crossref","first-page":"1371","DOI":"10.2307\/2118392","article-title":"Loss of Skill During Unemployment and the Persistence of Employment Shocks","volume":"107","author":"Pissarides","year":"1992","journal-title":"Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t20170710082157_R26","doi-asserted-by":"crossref","first-page":"457","DOI":"10.2307\/2297899","article-title":"Search Unemployment with On-the-job Search","volume":"61","author":"Pissarides","year":"1994","journal-title":"The Review of Economic Studies"},{"key":"key\n\t\t\t\t20170710082157_R27","unstructured":"Pries\n              M. J.\n            \n          \n          Labor Market Frictions and the Propagation of Business Cycle Shocks\n          1999\n          Stanford University\n          Ph.D. thesis"},{"key":"key\n\t\t\t\t20170710082157_R28","volume-title":"Hiring Policies, Labor Market Institutions, and Labor Market Flows","author":"Pries","year":"2001"},{"key":"key\n\t\t\t\t20170710082157_R29","first-page":"71","article-title":"Real-Business-Cycle Models and the Forecastable Movements in Output, Hours, and Consumption","volume":"86","author":"Rotemberg","year":"1996","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20170710082157_R30","first-page":"319","article-title":"Are Workers Permanently Scarred by Job Displacements?","volume":"81","author":"Ruhm","year":"1991","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20170710082157_R31","volume-title":"Wage Inequality and Unemployment over the Business Cycle","author":"Shimer","year":"1997"},{"key":"key\n\t\t\t\t20170710082157_R32","first-page":"195","article-title":"How Precise Are Estimates of the Natural Rate of Unemployment?","volume-title":"Reducing Inflation: Motivation and Strategy","author":"Staiger","year":"1997"},{"key":"key\n\t\t\t\t20170710082157_R33","first-page":"322","article-title":"The Importance of Lifetime Jobs in the U.S. Economy, Revisited","volume":"82","author":"Ureta","year":"1992","journal-title":"American Economic Review"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/71\/1\/193\/18329950\/71-1-193.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:37:23Z","timestamp":1503527843000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/0034-6527.00281"}},"issued":{"date-parts":[[2004,1]]},"references-count":33,"journal-issue":{"issue":"1","published-online":{"date-parts":[[2004,1]]},"published-print":{"date-parts":[[2004,1]]}},"URL":"https:\/\/doi.org\/10.1111\/0034-6527.00281","ISSN":["1467-937X","0034-6527"],"issn-type":[{"value":"1467-937X","type":"electronic"},{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[2004,1]]}},{"indexed":{"date-parts":[[2025,10,12]],"date-time":"2025-10-12T19:33:45Z","timestamp":1760297625344},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1987,7]]},"DOI":"10.2307\/2297572","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:58:33Z","timestamp":1150419513000},"page":"499","source":"Crossref","is-referenced-by-count":11,"title":["A Theory of Monetary Exchange"],"prefix":"10.1093","volume":"54","author":[{"given":"Alfred Lorn","family":"Norman","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/54\/3\/499\/4443064\/54-3-499.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T02:37:43Z","timestamp":1503542263000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297572"}},"issued":{"date-parts":[[1987,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1987,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2297572","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1987,7]]}},{"indexed":{"date-parts":[[2025,11,3]],"date-time":"2025-11-03T04:34:16Z","timestamp":1762144456240},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1979,4]]},"DOI":"10.2307\/2297055","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:28:58Z","timestamp":1150403338000},"page":"319","source":"Crossref","is-referenced-by-count":18,"title":["Large Economies with Trading Uncertainty"],"prefix":"10.1093","volume":"46","author":[{"given":"Douglas","family":"Gale","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/46\/2\/319\/4421118\/46-2-319.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T21:02:52Z","timestamp":1503522172000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297055"}},"issued":{"date-parts":[[1979,4]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1979,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2297055","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1979,4]]}},{"indexed":{"date-parts":[[2025,10,3]],"date-time":"2025-10-03T09:11:32Z","timestamp":1759482692052},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1980,7]]},"DOI":"10.2307\/2296939","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:32:33Z","timestamp":1150417953000},"page":"733","source":"Crossref","is-referenced-by-count":5,"title":["Vertical and Horizontal Communication in Economic Processes"],"prefix":"10.1093","volume":"47","author":[{"given":"Robert L.","family":"Welch","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/47\/4\/733\/4354970\/47-4-733.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:31:39Z","timestamp":1503527499000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296939"}},"issued":{"date-parts":[[1980,7]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1980,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2296939","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1980,7]]}},{"indexed":{"date-parts":[[2025,10,29]],"date-time":"2025-10-29T03:15:44Z","timestamp":1761707744052},"reference-count":21,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Rev Econ Studies"],"published-print":{"date-parts":[[2004,12]]},"DOI":"10.1111\/0034-6527.00316","type":"journal-article","created":{"date-parts":[[2004,12,24]],"date-time":"2004-12-24T20:36:54Z","timestamp":1103920614000},"page":"1119-1141","source":"Crossref","is-referenced-by-count":13,"title":["The Agency Cost of Internal Collusion and Schumpeterian Growth"],"prefix":"10.1093","volume":"71","author":[{"given":"David","family":"Martimort","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Thierry","family":"Verdier","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","reference":[{"key":"b1_187","doi-asserted-by":"crossref","unstructured":"D. Acemoglu, P. Aghion, and F. Zillibotti (2002 ); \"Distance to Frontier, Selection and Economic Growth\" (NBER Working Paper No. 9066).","DOI":"10.3386\/w9066"},{"key":"b2_188","doi-asserted-by":"publisher","DOI":"10.1023\/A:1009833807671"},{"key":"b3_189","doi-asserted-by":"publisher","DOI":"10.1111\/1467-937X.00110"},{"key":"b4_190","doi-asserted-by":"publisher","DOI":"10.2307\/2951613"},{"key":"b5_191","volume-title":"Endogenous Growth Theory","author":"Aghion P.","year":"1998"},{"key":"b6_192","doi-asserted-by":"crossref","first-page":"525","DOI":"10.1257\/aer.91.3.525","volume":"91","author":"Che Y. K.","year":"2001","journal-title":"American Economic Review"},{"key":"b7_193","volume-title":"Le Phenomene Bureaucratique","author":"Crozier M.","year":"1962"},{"key":"b8_194","volume-title":"Men Who Manage","author":"Dalton M.","year":"1959"},{"key":"b9_195","doi-asserted-by":"publisher","DOI":"10.1111\/1467-937X.000244"},{"key":"b10_196","doi-asserted-by":"publisher","DOI":"10.1111\/1467-937X.00237"},{"key":"b11_197","volume-title":"The Sociology of Economic Life","author":"Granovetter M.","year":"1992"},{"key":"b12_198","volume-title":"Innovation and Growth in the Global Economy","author":"Grossman G.","year":"1992"},{"key":"b13_199","doi-asserted-by":"crossref","DOI":"10.1515\/9781400829453","volume-title":"The Theory of Incentives: The Principal-Agent Model","author":"Laffont J. J.","year":"2002"},{"key":"b14_200","doi-asserted-by":"crossref","unstructured":"D. Marin, and T. Verdier (2003 ); \"Globalization and the Empowerment of Human Capital\" (Mimeo, University of Munich and DELTA).","DOI":"10.2139\/ssrn.462680"},{"key":"b15_201","doi-asserted-by":"publisher","DOI":"10.1111\/1467-937X.00114"},{"key":"b16_202","doi-asserted-by":"publisher","DOI":"10.1023\/A:1026574718420"},{"key":"b17_203","volume-title":"The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities","author":"Olson M.","year":"1982"},{"key":"b18_204","volume-title":"Power in Organizations","author":"Pfeffer J.","year":"1981"},{"key":"b19_205","doi-asserted-by":"publisher","DOI":"10.2307\/2971712"},{"key":"b20_206","doi-asserted-by":"publisher","DOI":"10.1162\/003355300555051"},{"key":"b21_207","first-page":"181","volume":"2","author":"Tirole J.","year":"1986","journal-title":"Journal of Law, Economic and Organization"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/71\/4\/1119\/18333076\/71-4-1119.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2020,4,4]],"date-time":"2020-04-04T23:23:49Z","timestamp":1586042629000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/0034-6527.00316"}},"issued":{"date-parts":[[2004,12]]},"references-count":21,"journal-issue":{"issue":"4","published-print":{"date-parts":[[2004,12]]}},"alternative-id":["10.1111\/0034-6527.00316"],"URL":"https:\/\/doi.org\/10.1111\/0034-6527.00316","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2004,12]]}},{"indexed":{"date-parts":[[2025,11,11]],"date-time":"2025-11-11T12:45:08Z","timestamp":1762865108777,"version":"build-2065373602"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1978,10,1]]},"DOI":"10.2307\/2297242","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:27:40Z","timestamp":1150403260000},"page":"393-404","source":"Crossref","is-referenced-by-count":67,"title":["The Balance of Trade in a Model of Temporary Equilibrium with Rationing"],"prefix":"10.1093","volume":"45","author":[{"given":"A.","family":"Dixit","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/45\/3\/393\/4475381\/45-3-393.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T19:52:26Z","timestamp":1503517946000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297242"}},"issued":{"date-parts":[[1978,10,1]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1978,10,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2297242","ISSN":["0034-6527","1467-937X"],"issn-type":[{"type":"print","value":"0034-6527"},{"type":"electronic","value":"1467-937X"}],"published":{"date-parts":[[1978,10,1]]}},{"indexed":{"date-parts":[[2025,11,11]],"date-time":"2025-11-11T12:45:09Z","timestamp":1762865109092},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1970,7]]},"DOI":"10.2307\/2296723","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:10:13Z","timestamp":1150402213000},"page":"305","source":"Crossref","is-referenced-by-count":14,"title":["Some Elementary Selection Processes in Economics"],"prefix":"10.1093","volume":"37","author":[{"given":"M. J.","family":"Farrell","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/37\/3\/305\/4375735\/37-3-305.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T20:35:00Z","timestamp":1503520500000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296723"}},"issued":{"date-parts":[[1970,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1970,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2296723","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1970,7]]}},{"indexed":{"date-parts":[[2025,11,11]],"date-time":"2025-11-11T12:45:13Z","timestamp":1762865113350},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1961,10]]},"DOI":"10.2307\/2296182","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:57:31Z","timestamp":1150415851000},"page":"51","source":"Crossref","is-referenced-by-count":14,"title":["A Model for the Long-Run Theory of Value"],"prefix":"10.1093","volume":"29","author":[{"given":"Peter","family":"Newman","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"J. N.","family":"Wolfe","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/29\/1\/51\/4478450\/29-1-51.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:19:45Z","timestamp":1503533985000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296182"}},"issued":{"date-parts":[[1961,10]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1961,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2296182","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1961,10]]}},{"indexed":{"date-parts":[[2025,11,11]],"date-time":"2025-11-11T12:45:20Z","timestamp":1762865120055},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1968,1]]},"DOI":"10.2307\/2974407","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:22:50Z","timestamp":1150420970000},"page":"57","source":"Crossref","is-referenced-by-count":62,"title":["Neutral Inventions and Production Functions"],"prefix":"10.1093","volume":"35","author":[{"given":"R.","family":"Sato","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"M. J.","family":"Beckmann","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/35\/1\/57\/4357401\/35-1-57.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:38:46Z","timestamp":1503527926000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2974407"}},"issued":{"date-parts":[[1968,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1968,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2974407","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1968,1]]}},{"indexed":{"date-parts":[[2025,11,11]],"date-time":"2025-11-11T12:45:26Z","timestamp":1762865126952},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1983,10]]},"DOI":"10.2307\/2297769","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:40:11Z","timestamp":1150404011000},"page":"677","source":"Crossref","is-referenced-by-count":17,"title":["Voting for Public Goods"],"prefix":"10.1093","volume":"50","author":[{"given":"R. J.","family":"Aumann","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"M.","family":"Kurz","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"A.","family":"Neyman","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/50\/4\/677\/4517928\/50-4-677.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T20:05:20Z","timestamp":1503518720000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297769"}},"issued":{"date-parts":[[1983,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1983,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2297769","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1983,10]]}},{"indexed":{"date-parts":[[2025,11,11]],"date-time":"2025-11-11T12:45:27Z","timestamp":1762865127106},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1991,1]]},"DOI":"10.2307\/2298047","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:08:51Z","timestamp":1150420131000},"page":"93","source":"Crossref","is-referenced-by-count":43,"title":["Interest on Reserves and Sunspot Equilibria: Friedman's Proposal Reconsidered"],"prefix":"10.1093","volume":"58","author":[{"given":"Bruce D.","family":"Smith","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/58\/1\/93\/4361372\/58-1-93.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:49:28Z","timestamp":1503528568000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2298047"}},"issued":{"date-parts":[[1991,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1991,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2298047","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1991,1]]}},{"indexed":{"date-parts":[[2025,11,11]],"date-time":"2025-11-11T12:45:29Z","timestamp":1762865129672},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1994,1,1]]},"DOI":"10.2307\/2297876","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:15:34Z","timestamp":1150420534000},"page":"45-56","source":"Crossref","is-referenced-by-count":28,"title":["Monopolistic Competition with Endogenous Specialization"],"prefix":"10.1093","volume":"61","author":[{"given":"M. L.","family":"Weitzman","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/61\/1\/45\/4421067\/61-1-45.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T01:02:44Z","timestamp":1503536564000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297876"}},"issued":{"date-parts":[[1994,1,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1994,1,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2297876","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1994,1,1]]}},{"indexed":{"date-parts":[[2025,5,18]],"date-time":"2025-05-18T06:05:48Z","timestamp":1747548348246},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1967,1,1]]},"DOI":"10.2307\/2296575","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:03:58Z","timestamp":1150401838000},"page":"143-151","source":"Crossref","is-referenced-by-count":16,"title":["Lemmas for a Theory of Approximate Optimal Growth"],"prefix":"10.1093","volume":"34","author":[{"given":"C. C.","family":"von Weizsacker","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/34\/1\/143\/4477713\/34-1-143.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T20:14:59Z","timestamp":1503519299000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296575"}},"issued":{"date-parts":[[1967,1,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1967,1,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2296575","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1967,1,1]]}},{"indexed":{"date-parts":[[2025,10,4]],"date-time":"2025-10-04T22:10:36Z","timestamp":1759615836483},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1992,4]]},"DOI":"10.2307\/2297957","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:12:02Z","timestamp":1150420322000},"page":"331","source":"Crossref","is-referenced-by-count":33,"title":["Staggered and Synchronized Price Policies Under Inflation: The Multiproduct Monopoly Case"],"prefix":"10.1093","volume":"59","author":[{"given":"Eytan","family":"Sheshinski","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Yoram","family":"Weiss","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/59\/2\/331\/4456822\/59-2-331.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:23:20Z","timestamp":1503530600000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297957"}},"issued":{"date-parts":[[1992,4]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1992,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2297957","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1992,4]]}},{"indexed":{"date-parts":[[2025,11,19]],"date-time":"2025-11-19T22:24:59Z","timestamp":1763591099235},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1960,2]]},"DOI":"10.2307\/2296133","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:55:29Z","timestamp":1150415729000},"page":"121","source":"Crossref","is-referenced-by-count":6,"title":["A Rejoinder to Mr. Atsumi and Professor Tobin"],"prefix":"10.1093","volume":"27","author":[{"given":"Nicholas","family":"Kaldor","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/27\/2\/121\/4459015\/27-2-121.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:28:42Z","timestamp":1503530922000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296133"}},"issued":{"date-parts":[[1960,2]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1960,2]]}},"URL":"https:\/\/doi.org\/10.2307\/2296133","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1960,2]]}},{"indexed":{"date-parts":[[2026,4,1]],"date-time":"2026-04-01T19:51:13Z","timestamp":1775073073744,"version":"3.50.1"},"reference-count":81,"publisher":"Oxford University Press (OUP)","license":[{"start":{"date-parts":[[2025,11,10]],"date-time":"2025-11-10T00:00:00Z","timestamp":1762732800000},"content-version":"am","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/pages\/standard-publication-reuse-rights"}],"content-domain":{"domain":[],"crossmark-restriction":false},"abstract":"<jats:title>Abstract<\/jats:title>\n                  <jats:p>We use variation in state corporate income tax rates to re-examine the relation between taxes and corporate leverage. Contrary to prior research, corporate leverage rises after tax cuts for small private firms. An estimated dynamic equilibrium model shows that tax cuts make capital more productive and spur the use of leverage. Tax cuts also produce more distant default thresholds and lower credit spreads. These effects outweigh the lower interest tax deduction and lead to higher optimal leverage choices, especially for firms with flexible investment policies. The presence of the interest tax deduction raises consumer welfare in equilibrium.<\/jats:p>","DOI":"10.1093\/restud\/rdaf094","type":"journal-article","created":{"date-parts":[[2025,11,7]],"date-time":"2025-11-07T13:09:00Z","timestamp":1762520940000},"source":"Crossref","is-referenced-by-count":2,"title":["Taxes Depress Corporate Borrowing: Evidence from Private Firms"],"prefix":"10.1093","author":[{"given":"Ivan T","family":"Ivanov","sequence":"first","affiliation":[{"name":"Federal Reserve Bank of Chicago ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Luke","family":"Pettit","sequence":"additional","affiliation":[{"name":"George Mason University ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Toni M","family":"Whited","sequence":"additional","affiliation":[{"name":"University of Michigan and NBER ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2025,11,10]]},"reference":[{"key":"2025112113265322600_rdaf094-B1","doi-asserted-by":"crossref","first-page":"1553","DOI":"10.1093\/qje\/qjx023","article-title":"Measuring the Sensitivity of Parameter Estimates to Sample Statistics","volume":"132","author":"Andrews","year":"2017","journal-title":"Quarterly Journal of Economics"},{"key":"2025112113265322600_rdaf094-B2","doi-asserted-by":"crossref","first-page":"322","DOI":"10.1093\/rfs\/hhx080","article-title":"Estimating and Testing Dynamic Corporate Finance Models","volume":"31","author":"Bazdresch","year":"2018","journal-title":"Review of Financial Studies"},{"key":"2025112113265322600_rdaf094-B3","author":"Bernthal","year":"2012"},{"key":"2025112113265322600_rdaf094-B4","author":"Beyhaghi","year":"2024"},{"key":"2025112113265322600_rdaf094-B5","doi-asserted-by":"crossref","first-page":"391","DOI":"10.1111\/j.1467-937X.2007.00426.x","article-title":"Uncertainty and Investment Dynamics","volume":"74","author":"Bloom","year":"2007","journal-title":"Review of Economic Studies"},{"key":"2025112113265322600_rdaf094-B6","author":"Board of Governors of the Federal Reserve System","year":"2022"},{"key":"2025112113265322600_rdaf094-B7","author":"Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation","year":"2020"},{"key":"2025112113265322600_rdaf094-B8","doi-asserted-by":"crossref","first-page":"3253","DOI":"10.1093\/restud\/rdae007","article-title":"Revisiting Event-Study Designs: Robust and Efficient Estimation","volume":"91","author":"Borusyak","year":"2024","journal-title":"Review of Economic Studies"},{"key":"2025112113265322600_rdaf094-B9","doi-asserted-by":"crossref","first-page":"1731","DOI":"10.1111\/jofi.13024","article-title":"Weathering Cash Flow Shocks","volume":"76","author":"Brown","year":"2021","journal-title":"Journal of Finance"},{"key":"2025112113265322600_rdaf094-B10","doi-asserted-by":"crossref","first-page":"379","DOI":"10.1257\/aer.104.2.379","article-title":"A Macroeconomic Model with a Financial Sector","volume":"104","author":"Brunnermeier","year":"2014","journal-title":"American Economic Review"},{"key":"2025112113265322600_rdaf094-B11","doi-asserted-by":"crossref","first-page":"35","DOI":"10.2308\/JATA-2021-010","article-title":"Debt and Taxes? The Effect of Tax Cuts & Jobs Act of 2017 Interest Limitations on Capital Structure","volume":"45","author":"Carrizosa","year":"2023","journal-title":"Journal of the American Taxation Association"},{"key":"2025112113265322600_rdaf094-B12","author":"CCH Incorporated","year":"2017"},{"key":"2025112113265322600_rdaf094-B13","author":"Center for Research in Security Prices","year":"2020"},{"key":"2025112113265322600_rdaf094-B14","doi-asserted-by":"crossref","first-page":"2362","DOI":"10.1016\/j.jpubeco.2008.07.005","article-title":"State Investment Tax Incentives: A Zero-Sum Game?","volume":"92","author":"Chirinko","year":"2008","journal-title":"Journal of Public Economics"},{"key":"2025112113265322600_rdaf094-B15","author":"Council of State Governments","year":"2011"},{"key":"2025112113265322600_rdaf094-B16","doi-asserted-by":"crossref","first-page":"877","DOI":"10.1257\/aer.101.2.877","article-title":"The Cyclical Behavior of Debt and Equity Finance","volume":"101","author":"Covas","year":"2011","journal-title":"American Economic Review"},{"key":"2025112113265322600_rdaf094-B17","doi-asserted-by":"crossref","first-page":"2964","DOI":"10.1257\/aer.20181169","article-title":"Two-Way Fixed Effects Estimators with Heterogeneous Treatment Effects","volume":"9","author":"de Chaisemartin","year":"2020","journal-title":"American Economic Review"},{"key":"2025112113265322600_rdaf094-B18","author":"de Chaisemartin","year":"2021"},{"key":"2025112113265322600_rdaf094-B19","doi-asserted-by":"crossref","first-page":"409","DOI":"10.1006\/redy.1998.0011","article-title":"Capital Adjustment Patterns in Manufacturing Plants","volume":"1","author":"Doms","year":"1998","journal-title":"Review of Economic Dynamics"},{"key":"2025112113265322600_rdaf094-B20","doi-asserted-by":"crossref","first-page":"277","DOI":"10.1017\/S0022109015000174","article-title":"Taxes and Capital Structure","volume":"50","author":"Faccio","year":"2015","journal-title":"Journal of Financial and Quantitative Analysis"},{"key":"2025112113265322600_rdaf094-B21","doi-asserted-by":"crossref","first-page":"271","DOI":"10.1093\/rfs\/hhv052","article-title":"Do Measures of Financial Constraints Measure Financial Constraints?","volume":"29","author":"Farre-Mensa","year":"2015","journal-title":"Review of Financial Studies"},{"key":"2025112113265322600_rdaf094-B22","doi-asserted-by":"crossref","first-page":"19","DOI":"10.1111\/j.1540-6261.1989.tb02402.x","article-title":"Dynamic Capital Structure Choice: Theory and Tests","volume":"44","author":"Fischer","year":"1989","journal-title":"Journal of Finance"},{"key":"2025112113265322600_rdaf094-B23","first-page":"1","article-title":"Corporate Taxes and Capital Structure: A Long-Term Historical Perspective","volume":"8","author":"Fleckenstein","year":"2019","journal-title":"Critical Finance Review"},{"key":"2025112113265322600_rdaf094-B24","doi-asserted-by":"crossref","first-page":"1834","DOI":"10.1093\/rfs\/hhaa083","article-title":"Corporate Money Demand","volume":"34","author":"Gao","year":"2021","journal-title":"Review of Financial Studies"},{"key":"2025112113265322600_rdaf094-B25","author":"Gilchrist","year":"2013"},{"key":"2025112113265322600_rdaf094-B26","doi-asserted-by":"crossref","first-page":"1262","DOI":"10.1086\/701357","article-title":"State Taxation and the Reallocation of Business Activity: Evidence From Establishment-Level Data","volume":"127","author":"Giroud","year":"2019","journal-title":"Journal of Political Economy"},{"key":"2025112113265322600_rdaf094-B27","author":"Glover","year":"2015"},{"key":"2025112113265322600_rdaf094-B28","doi-asserted-by":"crossref","first-page":"483","DOI":"10.1086\/322893","article-title":"An EBIT-Based Model of Dynamic Capital Structure","volume":"74","author":"Goldstein","year":"2001","journal-title":"Journal of Business"},{"key":"2025112113265322600_rdaf094-B29","doi-asserted-by":"crossref","first-page":"467","DOI":"10.1111\/j.1540-6261.2009.01541.x","article-title":"Levered Returns","volume":"65","author":"Gomes","year":"2010","journal-title":"Journal of Finance"},{"key":"2025112113265322600_rdaf094-B30","doi-asserted-by":"crossref","first-page":"254","DOI":"10.1016\/j.jeconom.2021.03.014","article-title":"Difference-in-Differences with Variation in Treatment Timing","volume":"225","author":"Goodman-Bacon","year":"2021","journal-title":"Journal of Econometrics"},{"key":"2025112113265322600_rdaf094-B31","doi-asserted-by":"crossref","first-page":"41","DOI":"10.1016\/0304-405X(95)00857-B","article-title":"Debt and the Marginal Tax Rate","volume":"41","author":"Graham","year":"1996","journal-title":"Journal of Financial Economics"},{"key":"2025112113265322600_rdaf094-B32","doi-asserted-by":"crossref","first-page":"1909","DOI":"10.1093\/rfs\/hhq009","article-title":"New Evidence on Measuring Financial Constraints: Moving beyond the KZ Index","volume":"23","author":"Hadlock","year":"2010","journal-title":"Review of Financial Studies"},{"key":"2025112113265322600_rdaf094-B33","doi-asserted-by":"crossref","first-page":"119","DOI":"10.1017\/S026646660909063X","article-title":"GMM Estimation for Dynamic Panels with Fixed Effects and Strong Instruments at Unity","volume":"26","author":"Han","year":"2010","journal-title":"Econometric Theory"},{"key":"2025112113265322600_rdaf094-B34","doi-asserted-by":"crossref","first-page":"684","DOI":"10.1016\/j.jfineco.2015.01.004","article-title":"As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage From State Tax Changes","volume":"118","author":"Heider","year":"2015","journal-title":"Journal of Financial Economics"},{"key":"2025112113265322600_rdaf094-B35","doi-asserted-by":"crossref","first-page":"825","DOI":"10.1111\/jofi.12862","article-title":"Beyond Random Assignment: Credible Inference of Causal Effects in Dynamic Economies","volume":"75","author":"Hennessy","year":"2020","journal-title":"Journal of Finance"},{"key":"2025112113265322600_rdaf094-B36","doi-asserted-by":"crossref","first-page":"1129","DOI":"10.1111\/j.1540-6261.2005.00758.x","article-title":"Debt Dynamics","volume":"60","author":"Hennessy","year":"2005","journal-title":"Journal of Finance"},{"key":"2025112113265322600_rdaf094-B37","doi-asserted-by":"crossref","first-page":"1705","DOI":"10.1111\/j.1540-6261.2007.01255.x","article-title":"How Costly is External Financing? Evidence From a Structural Estimation","volume":"62","author":"Hennessy","year":"2007","journal-title":"Journal of Finance"},{"key":"2025112113265322600_rdaf094-B38","doi-asserted-by":"crossref","first-page":"36","DOI":"10.1016\/j.jpubeco.2018.11.002","article-title":"Investment Ramifications of Distortionary Tax Subsidies","volume":"172","author":"Hines","year":"2019","journal-title":"Journal of Public Economics"},{"key":"2025112113265322600_rdaf094-B39","doi-asserted-by":"crossref","first-page":"1403","DOI":"10.1162\/qjec.2009.124.4.1403","article-title":"Misallocation and Manufacturing TFP in China and India","volume":"124","author":"Hsieh","year":"2009","journal-title":"Quarterly Journal of Economics"},{"key":"2025112113265322600_rdaf094-B40","author":"Hundsdoerfer","year":"2023"},{"key":"2025112113265322600_rdaf094-B41","doi-asserted-by":"crossref","first-page":"503","DOI":"10.1111\/jmcb.12964","article-title":"Bank Supervision and Syndicated Lending","volume":"55","author":"Ivanov","year":"2023","journal-title":"Journal of Money, Credit, and Banking"},{"key":"2025112113265322600_rdaf094-B42","doi-asserted-by":"crossref","first-page":"1097","DOI":"10.1257\/aer.99.4.1097","article-title":"Can News About the Future Drive the Business Cycle?","volume":"99","author":"Jaimovich","year":"2009","journal-title":"American Economic Review"},{"key":"2025112113265322600_rdaf094-B43","author":"Joint Committee on Taxation","year":"2024"},{"key":"2025112113265322600_rdaf094-B44","doi-asserted-by":"crossref","first-page":"205","DOI":"10.1093\/qje\/qjac030","article-title":"Asset Specificity of Non-Financial Firms","volume":"138","author":"Kermani","year":"2023","journal-title":"Quarterly Journal of Economics"},{"key":"2025112113265322600_rdaf094-B45","doi-asserted-by":"crossref","first-page":"1213","DOI":"10.1111\/j.1540-6261.1994.tb02452.x","article-title":"Corporate Debt Value, Bond Covenants, and Optimal Capital Structure","volume":"49","author":"Leland","year":"1994","journal-title":"Journal of Finance"},{"key":"2025112113265322600_rdaf094-B46","author":"LexisNexis","year":"2020"},{"key":"2025112113265322600_rdaf094-B47","doi-asserted-by":"crossref","first-page":"1453","DOI":"10.1093\/rfs\/hhw008","article-title":"Collateral, Taxes, and Leverage","volume":"29","author":"Li","year":"2016","journal-title":"Review of Financial Studies"},{"key":"2025112113265322600_rdaf094-B48","doi-asserted-by":"crossref","first-page":"279","DOI":"10.1093\/rof\/rfy020","article-title":"Labor and Capital Dynamics Under Financing Frictions","volume":"23","author":"Michaels","year":"2019","journal-title":"Review of Finance"},{"key":"2025112113265322600_rdaf094-B49","first-page":"433","article-title":"Corporate Income Taxes and the Cost of Capital: A Correction","volume":"53","author":"Modigliani","year":"1963","journal-title":"American Economic Review"},{"key":"2025112113265322600_rdaf094-B50","author":"Moody\u2019s","year":"2024"},{"key":"2025112113265322600_rdaf094-B51","author":"Moody\u2019s","year":"2024"},{"key":"2025112113265322600_rdaf094-B52","doi-asserted-by":"crossref","first-page":"1883","DOI":"10.1111\/jofi.12183","article-title":"Agency Conflicts and Cash: Estimates From a Dynamic Model","volume":"69","author":"Nikolov","year":"2014","journal-title":"Journal of Finance"},{"key":"2025112113265322600_rdaf094-B53","first-page":"272","article-title":"The Effect of Corporate Taxation on Investment and Financial Policy: Evidence From the DPAD","volume":"10","author":"Ohrn","year":"2018","journal-title":"American Economic Journal: Economic Policy"},{"key":"2025112113265322600_rdaf094-B54","doi-asserted-by":"crossref","first-page":"2473","DOI":"10.3982\/ECTA15949","article-title":"Financial Heterogeneity and the Investment Channel of Monetary Policy","volume":"88","author":"Ottonello","year":"2020","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2025112113265322600_rdaf094-B55","doi-asserted-by":"crossref","first-page":"466","DOI":"10.1016\/j.jfineco.2013.03.002","article-title":"Collateral and Capital Structure","volume":"109","author":"Rampini","year":"2013","journal-title":"Journal of Financial Economics"},{"key":"2025112113265322600_rdaf094-B56","doi-asserted-by":"crossref","first-page":"4242","DOI":"10.1093\/rfs\/hhq095","article-title":"Capital Structure and Debt Structure","volume":"23","author":"Rauh","year":"2010","journal-title":"Review of Financial Studies"},{"key":"2025112113265322600_rdaf094-B57","doi-asserted-by":"crossref","first-page":"763","DOI":"10.1257\/aer.100.3.763","article-title":"The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks","volume":"100","author":"Romer","year":"2010","journal-title":"American Economic Review"},{"key":"2025112113265322600_rdaf094-B62","author":"S&P Global","year":"2020"},{"key":"2025112113265322600_rdaf094-B63","author":"S&P Global","year":"2024"},{"key":"2025112113265322600_rdaf094-B58","doi-asserted-by":"crossref","first-page":"158","DOI":"10.1016\/j.jpubeco.2018.09.006","article-title":"Replication Data for: The Structure of Corporate Taxation and Its Impact on State Tax Revenues and Economic Activity","volume":"167","author":"Serrato","year":"2018","journal-title":"Journal of Public Economics"},{"key":"2025112113265322600_rdaf094-B59","doi-asserted-by":"crossref","first-page":"158","DOI":"10.1016\/j.jpubeco.2018.09.006","article-title":"The Structure of Corporate Taxation and Its Impact on State Tax Revenues and Economic Activity","volume":"167","author":"Serrato","year":"2018","journal-title":"Journal of Public Economics"},{"key":"2025112113265322600_rdaf094-B60","doi-asserted-by":"crossref","first-page":"176","DOI":"10.1111\/j.1540-627X.2007.00206.x","article-title":"On Governance and Agency Issues in Small Firms","volume":"45","author":"Smith","year":"2007","journal-title":"Journal of Small Business Management"},{"key":"2025112113265322600_rdaf094-B61","first-page":"323","article-title":"The Rise of Pass-Throughs and the Decline of the Labor Share","volume":"4","author":"Smith","year":"2022","journal-title":"American Economic Review: Insights"},{"key":"2025112113265322600_rdaf094-B64","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1561\/0500000035","article-title":"Dynamic Models and Structural Estimation in Corporate Finance","volume":"6","author":"Strebulaev","year":"2012","journal-title":"Foundations and Trends in Finance"},{"key":"2025112113265322600_rdaf094-B65","doi-asserted-by":"crossref","first-page":"1057","DOI":"10.1093\/revfin\/hhm007","article-title":"Bank Lines of Credit in Corporate Finance: An Empirical Analysis","volume":"22","author":"Sufi","year":"2009","journal-title":"Review of Financial Studies"},{"key":"2025112113265322600_rdaf094-B66","author":"Tax Policy Center","year":"2023"},{"key":"2025112113265322600_rdaf094-B67","author":"The Federation of Tax Administrators","year":"2020"},{"key":"2025112113265322600_rdaf094-B68","author":"The Tax Foundation","year":"2020"},{"key":"2025112113265322600_rdaf094-B69","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1111\/j.1540-6261.1988.tb02585.x","article-title":"The Determinants of Capital Structure Choice","volume":"43","author":"Titman","year":"1988","journal-title":"Journal of Finance"},{"key":"2025112113265322600_rdaf094-B75","author":"U.S. Census Bureau, Population Division","year":"2017"},{"key":"2025112113265322600_rdaf094-B70","author":"United States Bureau of Economic Analysis","year":"2019"},{"key":"2025112113265322600_rdaf094-B71","author":"United States Bureau of Economic Analysis","year":"2019"},{"key":"2025112113265322600_rdaf094-B72","author":"United States Bureau of Economic Analysis","year":"2020"},{"key":"2025112113265322600_rdaf094-B73","author":"United States Bureau of Labor Statistics","year":"2024"},{"key":"2025112113265322600_rdaf094-B74","author":"United States Department of Housing and Urban Development","year":"2021"},{"key":"2025112113265322600_rdaf094-B76","author":"Walls & Associates","year":"2020"},{"key":"2025112113265322600_rdaf094-B77","doi-asserted-by":"crossref","first-page":"431","DOI":"10.1162\/rest.91.2.431","article-title":"Beggar thy Neighbor? The In-State, Out-Of-State, and Aggregate Effects of R&D Tax Credits","volume":"91","author":"Wilson","year":"2009","journal-title":"Review of of Economics and Statistics"},{"key":"2025112113265322600_rdaf094-B78","doi-asserted-by":"crossref","first-page":"3979","DOI":"10.1093\/rfs\/hhx119","article-title":"What\u2019s Behind Smooth Dividends? Evidence From Structural Estimation","volume":"31","author":"Wu","year":"2018","journal-title":"Review of Financial Studies"},{"key":"2025112113265322600_rdaf094-B79","doi-asserted-by":"crossref","first-page":"1437","DOI":"10.1086\/701424","article-title":"Tax Cuts for Whom? Heterogeneous Effects of Tax Changes on Growth and Employment","volume":"127","author":"Zidar","year":"2019","journal-title":"Journal of Political Economy"},{"key":"2025112113265322600_rdaf094-B80","doi-asserted-by":"crossref","first-page":"91","DOI":"10.1086\/685594","article-title":"Business in the United States: Who Owns it and How Much Tax do They Pay?","volume":"30","author":"Zwick","year":"2016","journal-title":"Tax Policy and the Economy"},{"key":"2025112113265322600_rdaf094-B81","doi-asserted-by":"crossref","first-page":"217","DOI":"10.1257\/aer.20140855","article-title":"Tax Policy and Heterogeneous Investment Behavior","volume":"107","author":"Zwick","year":"2017","journal-title":"American Economic Review"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdaf094\/65252476\/rdaf094.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdaf094\/65252476\/rdaf094.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,11,21]],"date-time":"2025-11-21T18:27:05Z","timestamp":1763749625000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/advance-article\/doi\/10.1093\/restud\/rdaf094\/8317877"}},"issued":{"date-parts":[[2025,11,10]]},"references-count":81,"URL":"https:\/\/doi.org\/10.1093\/restud\/rdaf094","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2025,11,10]]},"article-number":"rdaf094"},{"indexed":{"date-parts":[[2026,4,1]],"date-time":"2026-04-01T02:30:25Z","timestamp":1775010625831,"version":"3.50.1"},"reference-count":37,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2018,1,1]]},"DOI":"10.1093\/restud\/rdx021","type":"journal-article","created":{"date-parts":[[2017,5,14]],"date-time":"2017-05-14T15:06:26Z","timestamp":1494774386000},"page":"581-610","source":"Crossref","is-referenced-by-count":29,"title":["Distributional Comparative Statics"],"prefix":"10.1093","volume":"85","author":[{"given":"Martin Kaae","family":"Jensen","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2017,5,17]]},"reference":[{"key":"key\n\t\t\t\t20171222085535_B1","doi-asserted-by":"crossref","first-page":"27","DOI":"10.1016\/j.geb.2013.03.009","article-title":"\u201cAggregate Comparative Statics\u201d","volume":"81","year":"2013","journal-title":"Games and Economic Behavior"},{"key":"key\n\t\t\t\t20171222085535_B2","doi-asserted-by":"crossref","first-page":"587","DOI":"10.1086\/680685","article-title":"\u201cRobust Comparative Statics in Large Dynamic Economies\u201d","volume":"123","year":"2015","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t20171222085535_B3","doi-asserted-by":"crossref","first-page":"659","DOI":"10.2307\/2118417","article-title":"\u201cUninsured Idiosyncratic Risk and Aggregate Saving\u201d","volume":"109","year":"1994","journal-title":"Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t20171222085535_B4","doi-asserted-by":"crossref","first-page":"187","DOI":"10.1162\/003355302753399481","article-title":"\u201cMonotone Comparative Statics under Uncertainty\u201d","volume":"117","year":"2002","journal-title":"Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t20171222085535_B5","doi-asserted-by":"crossref","first-page":"244","DOI":"10.1016\/0022-0531(70)90039-6","article-title":"\u201cOn the Measurement of Inequality\u201d","volume":"2","year":"1970","journal-title":"Journal of Economic Theory"},{"key":"key\n\t\t\t\t20171222085535_B6","doi-asserted-by":"crossref","first-page":"981","DOI":"10.2307\/2171853","article-title":"\u201cOn the Concavity of the Consumption Function\u201d","volume":"64","year":"1996","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20171222085535_B7","article-title":"\u201cLiquidity Constraints and Precautionary Saving\u201d","year":"2001"},{"key":"key\n\t\t\t\t20171222085535_B8","doi-asserted-by":"crossref","first-page":"146","DOI":"10.2307\/1924845","article-title":"\u201cA Formula for the Gini Coefficient\u201d","volume":"61","year":"1979","journal-title":"Review of Economics and Statistics"},{"key":"key\n\t\t\t\t20171222085535_B9","volume-title":"Foundations of Modern Macroeconomics","year":"2009","edition":"2nd edn"},{"key":"key\n\t\t\t\t20171222085535_B10","doi-asserted-by":"crossref","first-page":"769","DOI":"10.1111\/j.1467-937X.2004.00303.x","article-title":"\u201cPrecautionary Wealth Accumulation\u201d","volume":"71","year":"2004","journal-title":"Review of Economic Studies"},{"key":"key\n\t\t\t\t20171222085535_B11","article-title":"\u201cDistributional Comparative Statics\u201d","year":"2012"},{"key":"key\n\t\t\t\t20171222085535_B12","article-title":"\u201cThe Class of $k$-Convex Functions\u201d","journal-title":"Online Supplement"},{"key":"key\n\t\t\t\t20171222085535_B13","doi-asserted-by":"crossref","first-page":"297","DOI":"10.7146\/math.scand.a-11086","article-title":"\u201cA Representation Theorem For a Convex Cone of Quasi Convex Functions\u201d","volume":"30","year":"1972","journal-title":"Mathematica Scandinavica"},{"key":"key\n\t\t\t\t20171222085535_B14","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/0165-1765(89)90147-X","article-title":"\u201cThe Effect of Demand Uncertainty on a Precommitted Monopoly Price\u201d","volume":"30","year":"1989","journal-title":"Economics Letters"},{"key":"key\n\t\t\t\t20171222085535_B15","doi-asserted-by":"crossref","first-page":"53","DOI":"10.2307\/2938334","article-title":"\u201cPrecautionary Saving in the Small and in the Large\u201d","volume":"58","year":"1990","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20171222085535_B16","doi-asserted-by":"crossref","first-page":"97","DOI":"10.1016\/0893-9659(96)00020-1","article-title":"\u201cConvexity of Set-Valued Maps\u201d","volume":"9","year":"1996","journal-title":"Applied Mathematics Letters"},{"key":"key\n\t\t\t\t20171222085535_B17","doi-asserted-by":"crossref","first-page":"473","DOI":"10.1086\/260580","article-title":"\u201cRules Rather than Discretion: The Inconsistency of Optimal Plans\u201d","volume":"85","year":"1977","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t20171222085535_B18","doi-asserted-by":"crossref","first-page":"64","DOI":"10.2307\/2077967","article-title":"\u201cThe Effect of Uncertainty on Investment: Some Stylized Facts\u201d","volume":"28","year":"1996","journal-title":"Journal of Money, Credit, and Banking"},{"key":"key\n\t\t\t\t20171222085535_B19","volume-title":"Microeconomic Theory","year":"1995"},{"key":"key\n\t\t\t\t20171222085535_B20","doi-asserted-by":"crossref","first-page":"1695","DOI":"10.1111\/1468-0262.00467","article-title":"\u201cThe Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity\u201d","volume":"71","year":"2003","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20171222085535_B21","doi-asserted-by":"crossref","first-page":"1255","DOI":"10.2307\/2938316","article-title":"\u201cRationalizability, and Learning, and Equilibrium in Games with Strategic Complementarities\u201d","volume":"58","year":"1990","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20171222085535_B22","first-page":"441","article-title":"\u201cComparing Equilibria\u201d","volume":"84","year":"1994","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20171222085535_B23","doi-asserted-by":"crossref","first-page":"583","DOI":"10.1111\/1468-0262.00296","article-title":"\u201cEnvelope Theorems for Arbitrary Choice Sets\u201d","volume":"70","year":"2002","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20171222085535_B24","doi-asserted-by":"crossref","first-page":"157","DOI":"10.2307\/2951479","article-title":"\u201cMonotone Comparative Statics\u201d","volume":"62","year":"1994","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20171222085535_B25","doi-asserted-by":"crossref","first-page":"64","DOI":"10.1016\/j.jmoneco.2014.01.003","article-title":"\u201cCentral Bank Communication Design in a Lucas-Phelps Economy\u201d","volume":"63","year":"2014","journal-title":"Journal of Monetary Economics"},{"key":"key\n\t\t\t\t20171222085535_B26","article-title":"\u201cHigher Order Risk Attitudes, Demographics, and Financial Decisions\u201d","year":"2011"},{"key":"key\n\t\t\t\t20171222085535_B27","doi-asserted-by":"crossref","first-page":"401","DOI":"10.1111\/j.1468-0262.2006.00752.x","article-title":"\u201cThe Comparative Statics of Constrained Optimization Problems\u201d","volume":"75","year":"2007","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20171222085535_B28","doi-asserted-by":"crossref","first-page":"2333","DOI":"10.3982\/ECTA9869","article-title":"\u201cAggregating the Single Crossing Property\u201d","volume":"80","year":"2012","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20171222085535_B29","doi-asserted-by":"crossref","first-page":"66","DOI":"10.1016\/0022-0531(71)90034-2","article-title":"\u201cIncreasing Risk II: Its Economic Consequences\u201d","volume":"3","year":"1971","journal-title":"Journal of Economic Theory"},{"key":"key\n\t\t\t\t20171222085535_B30","volume-title":"Stochastic Orders","year":"2007"},{"key":"key\n\t\t\t\t20171222085535_B31","doi-asserted-by":"crossref","first-page":"304","DOI":"10.1090\/S0002-9939-1971-0274349-1","article-title":"\u201cFixed Points of Order Preserving Multifunctions\u201d","volume":"28","year":"1971","journal-title":"Proceedings of the American Mathematical Society"},{"key":"key\n\t\t\t\t20171222085535_B32","volume-title":"Recursive Methods in Economic Dynamics","year":"1989"},{"key":"key\n\t\t\t\t20171222085535_B33","article-title":"\u201cConcave Consumption Function and Precautionary Wealth Accumulation\u201d","year":"2015"},{"key":"key\n\t\t\t\t20171222085535_B34","doi-asserted-by":"crossref","first-page":"305","DOI":"10.1287\/opre.26.2.305","article-title":"\u201cMinimizing a Submodular Function on a Lattice\u201d","volume":"26","year":"1978","journal-title":"Operations Research"},{"key":"key\n\t\t\t\t20171222085535_B35","volume-title":"Supermodularity and Complementarity","year":"1998"},{"key":"key\n\t\t\t\t20171222085535_B36","doi-asserted-by":"crossref","first-page":"339","DOI":"10.1016\/j.jet.2006.02.009","article-title":"\u201cMonotone Equilibria in Bayesian Games of Strategic Complementarities\u201d","volume":"134","year":"2007","journal-title":"Journal of Economic Theory"},{"key":"key\n\t\t\t\t20171222085535_B37","volume-title":"Microeconomic Analysis","year":"1992","edition":"3rd edn"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/85\/1\/581\/23033609\/rdx021.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,12,22]],"date-time":"2017-12-22T15:49:42Z","timestamp":1513957782000},"score":0.0,"resource":{"primary":{"URL":"http:\/\/academic.oup.com\/restud\/article\/85\/1\/581\/3829690"}},"issued":{"date-parts":[[2017,5,17]]},"references-count":37,"journal-issue":{"issue":"1","published-online":{"date-parts":[[2017,5,17]]},"published-print":{"date-parts":[[2018,1,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdx021","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2018,1]]},"published":{"date-parts":[[2017,5,17]]}},{"indexed":{"date-parts":[[2026,3,26]],"date-time":"2026-03-26T20:52:35Z","timestamp":1774558355655,"version":"3.50.1"},"reference-count":27,"publisher":"Oxford University Press (OUP)","issue":"5","license":[{"start":{"date-parts":[[2020,2,28]],"date-time":"2020-02-28T00:00:00Z","timestamp":1582848000000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/journals\/pages\/open_access\/funder_policies\/chorus\/standard_publication_model"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2020,10,1]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>We show that a change in organizational structure from partnerships to public companies\u2014which weakens contractual commitment\u2014can lead to higher investment in high return-and-risk activities, higher productivity (value added per employee) and greater income dispersion (inequality). These predictions are consistent with the observed evolution of the financial sector where the switch from partnerships to public companies has been especially important in the decades that preceded the 21st Century financial crisis.<\/jats:p>","DOI":"10.1093\/restud\/rdaa008","type":"journal-article","created":{"date-parts":[[2020,2,25]],"date-time":"2020-02-25T20:16:29Z","timestamp":1582661789000},"page":"2165-2204","source":"Crossref","is-referenced-by-count":12,"title":["Commitment in Organizations and the Competition for Talent"],"prefix":"10.1093","volume":"87","author":[{"given":"Thomas","family":"Cooley","sequence":"first","affiliation":[{"name":"Stern School of Business, New York University and NBER"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Ramon","family":"Marimon","sequence":"additional","affiliation":[{"name":"European University Institute, UPF - BarcelonaGSE, CEPR and NBER"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Vincenzo","family":"Quadrini","sequence":"additional","affiliation":[{"name":"University of Southern California and CEPR"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2020,2,28]]},"reference":[{"key":"2021051220471280800_B1","article-title":"Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent","author":"ACHARYA,","year":"2014"},{"key":"2021051220471280800_B2","first-page":"388","article-title":"Contracts as a Barrier to Entry","volume":"77","author":"AGHION,","year":"1987","journal-title":"American Economic Review"},{"key":"2021051220471280800_B3","doi-asserted-by":"crossref","first-page":"285","DOI":"10.1111\/0034-6527.00285","article-title":"Optimal Lending Contracts and Firm Dynamics","volume":"71","author":"ALBUQUERQUE,","year":"2004","journal-title":"Review of Economic Studies"},{"key":"2021051220471280800_B4","doi-asserted-by":"crossref","first-page":"709","DOI":"10.1111\/jofi.12385","article-title":"Cream-Skimming in Financial Markets","volume":"71","author":"BOLTON,","year":"2016","journal-title":"Journal of Finance"},{"key":"2021051220471280800_B5","doi-asserted-by":"crossref","first-page":"839","DOI":"10.1111\/jofi.12225","article-title":"Yesterdays Heroes: Compensation and Risk at Financial Firms","volume":"70","author":"CHENG,","year":"2015","journal-title":"Journal of Finance"},{"key":"2021051220471280800_B6","doi-asserted-by":"crossref","DOI":"10.3386\/w15426","article-title":"Executive Compensation: Facts","author":"CLEMENTI,","year":"2009"},{"key":"2021051220471280800_B7","first-page":"229","article-title":"A Theory of Financing Constraints and Firm Dynamics","volume":"121","author":"CLEMENTI,","year":"2006","journal-title":"Quarterly Journal of Economics"},{"key":"2021051220471280800_B8","doi-asserted-by":"crossref","first-page":"817","DOI":"10.1086\/421170","article-title":"Aggregate Consequences of Limited Contract Enforceability","volume":"112","author":"COOLEY,","year":"2004","journal-title":"Journal of Political Economy"},{"key":"2021051220471280800_B9","doi-asserted-by":"crossref","first-page":"87","DOI":"10.1007\/s10693-009-0066-7","article-title":"Mergers and Acquisitions of Financial Institutions: A Review of the Post-2000 Literature","volume":"36","author":"DEYOUNG,","year":"2009","journal-title":"Journal of Financial Service Research"},{"key":"2021051220471280800_B10","doi-asserted-by":"crossref","first-page":"2822","DOI":"10.1093\/rfs\/hhq153","article-title":"The Effect of Risk on the CEO Market","volume":"24","author":"EDMANS,","year":"2011","journal-title":"Review of Financial Studies"},{"key":"2021051220471280800_B11","volume-title":"The Partnership: The Making of Goldman Sachs","author":"ELLIS,","year":"2008"},{"key":"2021051220471280800_B12","doi-asserted-by":"crossref","first-page":"2079","DOI":"10.1093\/rfs\/hhm031","article-title":"Optimal Long-Term Financial Contracting","volume":"20","author":"FISHMAN,","year":"2007","journal-title":"Review of Financial Studies"},{"key":"2021051220471280800_B13","doi-asserted-by":"crossref","first-page":"105","DOI":"10.1016\/0304-405X(94)00816-J","article-title":"Executive Pay and Performance. Evidence from the U.S. Banking Industry","volume":"39","author":"HUBBARD,","year":"1995","journal-title":"Journal of Financial Economics"},{"key":"2021051220471280800_B14","doi-asserted-by":"crossref","first-page":"291","DOI":"10.1257\/aer.104.1.291","article-title":"Partnerships versus Corporations: Moral Hazard, Sorting, and Ownership Structure","volume":"104","author":"KAYA,","year":"2014","journal-title":"American Economic Review"},{"key":"2021051220471280800_B15","first-page":"131","article-title":"Profit Sharing and the Role of Professional Partnerships","volume":"120","author":"LEVIN,","year":"2005","journal-title":"Quarterly Journal of Economics"},{"key":"2021051220471280800_B16","doi-asserted-by":"crossref","first-page":"1589","DOI":"10.3982\/ECTA9902","article-title":"Recursive Contracts","volume":"87","author":"MARCET,","year":"2019","journal-title":"Econometrica"},{"key":"2021051220471280800_B17","doi-asserted-by":"crossref","first-page":"976","DOI":"10.1016\/j.jet.2011.01.001","article-title":"Competition, Human Capital and Income Inequality with Limited Commitment","volume":"146","author":"MARIMON,","year":"2011","journal-title":"Journal of Economic Theory"},{"key":"2021051220471280800_B18","article-title":"The Envelope Theorem, Euler and Bellman Equations, without differentiability","author":"MARIMON,","year":"2019"},{"key":"2021051220471280800_B19","doi-asserted-by":"crossref","first-page":"385","DOI":"10.1086\/262077","article-title":"Competitive Search Equilibrium","volume":"105","author":"MOEN,","year":"1997","journal-title":"Journal of Political Economy"},{"key":"2021051220471280800_B20","first-page":"1551","article-title":"Wages and Human Capital in the U.S. Financial Industry: 1909-2006","volume":"127","author":"PHILIPPON,","year":"2012","journal-title":"Quarterly Journal of Economics"},{"key":"2021051220471280800_B21","doi-asserted-by":"crossref","first-page":"2295","DOI":"10.1111\/1468-0262.00377","article-title":"Equilibrium Wage Dispersion with Worker and Employer Heterogeneity","volume":"70","author":"POSTEL-VINAY,","year":"2002","journal-title":"Econometrica"},{"key":"2021051220471280800_B22","doi-asserted-by":"crossref","first-page":"31","DOI":"10.1111\/ecoj.12040","article-title":"The Impact of Firing Restrictions on Labour Market Equilibrium in the Presence of On-the-Job Search","volume":"124","author":"POSTEL-VINAY,","year":"2013","journal-title":"The Economic Journal"},{"key":"2021051220471280800_B23","doi-asserted-by":"crossref","first-page":"713","DOI":"10.1016\/j.jmoneco.2003.08.014","article-title":"Investment and Liquidation in Renegotiation-Proof Contracts with Moral Hazard","volume":"51","author":"QUADRINI,","year":"2004","journal-title":"Journal of Monetary Economics"},{"key":"2021051220471280800_B24","article-title":"Restrictions on Executive Mobility and Reallocation: The Aggregate Effect of Non-competing Contracts","author":"SHI,","year":"2018"},{"key":"2021051220471280800_B25","doi-asserted-by":"crossref","first-page":"599","DOI":"10.2307\/2297484","article-title":"On Repeated Moral Hazard with Discounting","volume":"54","author":"SPEAR,","year":"1987","journal-title":"Review of Economic Studies"},{"key":"2021051220471280800_B26","doi-asserted-by":"crossref","DOI":"10.2307\/j.ctvjnrt76","volume-title":"Recursive Methods in Economic Dynamics","author":"STOKEY,","year":"1989"},{"key":"2021051220471280800_B27","doi-asserted-by":"crossref","first-page":"72","DOI":"10.1006\/jeth.1997.2293","article-title":"Incentives, CEO Compensation, and Shareholder Wealth in a Dynamic Agency Model","volume":"76","author":"WANG,","year":"1997","journal-title":"Journal of Economic Theory"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdaa008\/32926704\/rdaa008.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/87\/5\/2165\/37927858\/rdaa008.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/87\/5\/2165\/37927858\/rdaa008.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2021,5,12]],"date-time":"2021-05-12T20:47:43Z","timestamp":1620852463000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/87\/5\/2165\/5766142"}},"issued":{"date-parts":[[2020,2,28]]},"references-count":27,"journal-issue":{"issue":"5","published-online":{"date-parts":[[2020,2,28]]},"published-print":{"date-parts":[[2020,10,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdaa008","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2020,10]]},"published":{"date-parts":[[2020,2,28]]}},{"indexed":{"date-parts":[[2026,3,29]],"date-time":"2026-03-29T07:21:39Z","timestamp":1774768899835,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1971,4]]},"DOI":"10.2307\/2296783","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:11:55Z","timestamp":1150402315000},"page":"265","source":"Crossref","is-referenced-by-count":26,"title":["Majority Voting and Social Choice"],"prefix":"10.1093","volume":"38","author":[{"given":"J.","family":"Craven","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/38\/2\/265\/4378556\/38-2-265.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T20:40:59Z","timestamp":1503520859000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296783"}},"issued":{"date-parts":[[1971,4]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1971,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2296783","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1971,4]]}},{"indexed":{"date-parts":[[2026,3,28]],"date-time":"2026-03-28T03:14:34Z","timestamp":1774667674332,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1937,2]]},"DOI":"10.2307\/2967606","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:32:07Z","timestamp":1150399927000},"page":"77","source":"Crossref","is-referenced-by-count":151,"title":["A Theory of the Business Cycle"],"prefix":"10.1093","volume":"4","author":[{"given":"Michal","family":"Kalecki","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/4\/2\/77\/4345160\/4-2-77.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T20:33:50Z","timestamp":1503520430000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2967606"}},"issued":{"date-parts":[[1937,2]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1937,2]]}},"URL":"https:\/\/doi.org\/10.2307\/2967606","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1937,2]]}},{"indexed":{"date-parts":[[2026,3,27]],"date-time":"2026-03-27T07:56:48Z","timestamp":1774598208396,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1994,1,1]]},"DOI":"10.2307\/2297879","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:15:34Z","timestamp":1150420534000},"page":"109-129","source":"Crossref","is-referenced-by-count":53,"title":["Renegotiation and Optimality in Agency Contracts"],"prefix":"10.1093","volume":"61","author":[{"given":"C.-T. A.","family":"Ma","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/61\/1\/109\/4420953\/61-1-109.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T01:02:21Z","timestamp":1503536541000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297879"}},"issued":{"date-parts":[[1994,1,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1994,1,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2297879","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1994,1,1]]}},{"indexed":{"date-parts":[[2026,4,9]],"date-time":"2026-04-09T04:49:53Z","timestamp":1775710193155,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1991,6]]},"DOI":"10.2307\/2297825","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T21:10:19Z","timestamp":1150405819000},"page":"621","source":"Crossref","is-referenced-by-count":217,"title":["Optimal Learning by Experimentation"],"prefix":"10.1093","volume":"58","author":[{"given":"Philippe","family":"Aghion","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Patrick","family":"Bolton","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Christopher","family":"Harris","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Bruno","family":"Jullien","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/58\/4\/621\/4418056\/58-4-621.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T20:55:19Z","timestamp":1503521719000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297825"}},"issued":{"date-parts":[[1991,6]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1991,6]]}},"URL":"https:\/\/doi.org\/10.2307\/2297825","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1991,6]]}},{"indexed":{"date-parts":[[2025,12,18]],"date-time":"2025-12-18T19:32:53Z","timestamp":1766086373721},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1983,10]]},"DOI":"10.2307\/2297765","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:40:11Z","timestamp":1150404011000},"page":"625","source":"Crossref","is-referenced-by-count":10,"title":["Market Structure and the Durability of Goods"],"prefix":"10.1093","volume":"50","author":[{"given":"Andrew B.","family":"Abel","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/50\/4\/625\/4517867\/50-4-625.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T20:04:23Z","timestamp":1503518663000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297765"}},"issued":{"date-parts":[[1983,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1983,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2297765","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1983,10]]}},{"indexed":{"date-parts":[[2026,1,8]],"date-time":"2026-01-08T18:03:36Z","timestamp":1767895416952,"version":"3.49.0"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1995,7]]},"DOI":"10.2307\/2298034","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:17:59Z","timestamp":1150420679000},"page":"381","source":"Crossref","is-referenced-by-count":112,"title":["Moral Hazard, Financial Constraints and Sharecropping in El Oulja"],"prefix":"10.1093","volume":"62","author":[{"given":"Jean-Jacques","family":"Laffont","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Mohamed Salah","family":"Matoussi","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/62\/3\/381\/4440277\/62-3-381.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T02:29:16Z","timestamp":1503541756000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2298034"}},"issued":{"date-parts":[[1995,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1995,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2298034","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1995,7]]}},{"indexed":{"date-parts":[[2026,1,25]],"date-time":"2026-01-25T03:04:19Z","timestamp":1769310259051,"version":"3.49.0"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2007,7]]},"DOI":"10.1111\/roes.2007.74.issue-3","type":"journal-issue","created":{"date-parts":[[2010,8,4]],"date-time":"2010-08-04T08:42:52Z","timestamp":1280911372000},"source":"Crossref","is-referenced-by-count":7,"prefix":"10.1093","volume":"74","member":"286","container-title":["Review of Economic Studies"],"language":"en","deposited":{"date-parts":[[2010,8,4]],"date-time":"2010-08-04T08:42:52Z","timestamp":1280911372000},"score":0.0,"resource":{"primary":{"URL":"http:\/\/doi.wiley.com\/10.1111\/roes.2007.74.issue-3"}},"issued":{"date-parts":[[2007,7]]},"references-count":0,"journal-issue":{"issue":"3"},"URL":"https:\/\/doi.org\/10.1111\/roes.2007.74.issue-3","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[2007,7]]}},{"indexed":{"date-parts":[[2026,1,27]],"date-time":"2026-01-27T21:55:21Z","timestamp":1769550921580,"version":"3.49.0"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1976,10]]},"DOI":"10.2307\/2297220","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:23:36Z","timestamp":1150417416000},"page":"439","source":"Crossref","is-referenced-by-count":17,"title":["Money, Expectations and the Existence of a Temporary Equilibrium"],"prefix":"10.1093","volume":"43","author":[{"given":"Bryce","family":"Hool","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/43\/3\/439\/4424292\/43-3-439.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T01:09:56Z","timestamp":1503536996000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297220"}},"issued":{"date-parts":[[1976,10]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1976,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2297220","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1976,10]]}},{"indexed":{"date-parts":[[2026,3,20]],"date-time":"2026-03-20T04:06:02Z","timestamp":1773979562196,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1968,10]]},"DOI":"10.2307\/2296771","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:06:28Z","timestamp":1150416388000},"page":"443","source":"Crossref","is-referenced-by-count":57,"title":["The Core of an Economy with a Measure Space of Economic Agents"],"prefix":"10.1093","volume":"35","author":[{"given":"W.","family":"Hildenbrand","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/35\/4\/443\/4468593\/35-4-443.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:59:56Z","timestamp":1503529196000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296771"}},"issued":{"date-parts":[[1968,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1968,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2296771","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1968,10]]}},{"indexed":{"date-parts":[[2026,3,21]],"date-time":"2026-03-21T03:31:08Z","timestamp":1774063868038,"version":"3.50.1"},"reference-count":66,"publisher":"Oxford University Press (OUP)","issue":"2","license":[{"start":{"date-parts":[[2018,1,30]],"date-time":"2018-01-30T00:00:00Z","timestamp":1517270400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/journals\/pages\/open_access\/funder_policies\/chorus\/standard_publication_model"}],"funder":[{"name":"European Research Council","award":["283483"],"award-info":[{"award-number":["283483"]}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2019,3,1]]},"DOI":"10.1093\/restud\/rdy011","type":"journal-article","created":{"date-parts":[[2018,1,22]],"date-time":"2018-01-22T20:11:25Z","timestamp":1516651885000},"page":"593-626","source":"Crossref","is-referenced-by-count":76,"title":["The Effectiveness of Hiring Credits"],"prefix":"10.1093","volume":"86","author":[{"given":"Pierre","family":"Cahuc","sequence":"first","affiliation":[{"name":"Crest-Ensae, Ecole Polytechnique, IZA, CEPR"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"St\u00e9phane","family":"Carcillo","sequence":"additional","affiliation":[{"name":"OECD, Sciences Po and IZA"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Thomas","family":"Le Barbanchon","sequence":"additional","affiliation":[{"name":"Bocconi University"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2018,1,30]]},"reference":[{"key":"key\n\t\t\t\t2019022512104010500_B1","first-page":"170","volume":"81","author":"ABOWD","year":"1999"},{"key":"key\n\t\t\t\t2019022512104010500_B2","article-title":"\u201cThe Tail of Two Countries: Minimum Wage and Employment in France and the United-States\u201d","author":"ABOWD","year":"2006"},{"key":"key\n\t\t\t\t2019022512104010500_B3","doi-asserted-by":"crossref","first-page":"37","DOI":"10.1093\/restud\/rdr015","article-title":"\u201cEducation Choices in Mexico: Using a Structural Model and a Randomized Experiment to Evaluate PROGRESA\u201d","volume":"79","author":"ATTANASIO","year":"2012","journal-title":"Review of Economic Studies"},{"key":"key\n\t\t\t\t2019022512104010500_B4","doi-asserted-by":"crossref","first-page":"1063","DOI":"10.3982\/ECTA8659","article-title":"\u201cDoes Industrial Composition Matter for Wages? A Test of Search and Bargaining Theory\u201d","volume":"80","author":"BEAUDRY","year":"2012","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t2019022512104010500_B5","doi-asserted-by":"crossref","DOI":"10.3386\/w20568","article-title":"\u201cIn Search of Labor Demand\u201d","author":"BEAUDRY","year":"2014"},{"key":"key\n\t\t\t\t2019022512104010500_B6","article-title":"\u201cSubsidies to Small Business?\u201d","author":"BECKER","year":"2010"},{"key":"key\n\t\t\t\t2019022512104010500_B7","doi-asserted-by":"crossref","first-page":"480","DOI":"10.1016\/j.labeco.2009.04.003","article-title":"\u201cDo Regional Payroll Tax Reductions Boost Employment?\u201d","volume":"16","author":"BENNMARKER","year":"2009","journal-title":"Labour Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B8","doi-asserted-by":"crossref","first-page":"249","DOI":"10.1162\/003355304772839588","article-title":"\u201cHow Much Should We Trust Differences-in-Differences Estimates?\u201d","volume":"119","author":"BERTRAND","year":"2004","journal-title":"Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B9","first-page":"209","article-title":"Employment in Construction and Distribution Industries: The impact of the New Jobs Tax Credit\u201d","volume-title":"Studies in Labour Markets","author":"BISHOP","year":"1981"},{"key":"key\n\t\t\t\t2019022512104010500_B10","doi-asserted-by":"crossref","first-page":"569","DOI":"10.1162\/1542476041423368","article-title":"\u201cEvaluating the Employment Impact of a Mandatory Job Search Program\u201d","volume":"2","author":"BLUNDELL","year":"2004","journal-title":"Journal of the European Economic Association"},{"key":"key\n\t\t\t\t2019022512104010500_B11","doi-asserted-by":"crossref","first-page":"440","DOI":"10.1016\/j.red.2012.07.001","article-title":"\u201cAccounting For Endogeneity in Matching Function Estimation\u201d","volume":"16","author":"BOROWCZYK-MARTINS","year":"2013","journal-title":"Review of Economic Dynamics"},{"key":"key\n\t\t\t\t2019022512104010500_B12","first-page":"27","article-title":"\u201cCompetition within Sectors in France\u201d","author":"BOUIS","year":"2008","journal-title":"Tresor-Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B13","article-title":"\u201cIntra Firm Bargaining and Shapley Values\u201d","author":"BRUGEMANN","year":"2016"},{"key":"key\n\t\t\t\t2019022512104010500_B14","volume-title":"Labor Economis","author":"CAHUC","year":"2014","edition":"2nd edn"},{"key":"key\n\t\t\t\t2019022512104010500_B15","doi-asserted-by":"crossref","first-page":"943","DOI":"10.1111\/j.1468-2354.2008.00502.x","article-title":"\u201cA Theory of Wages and Labour Demand with Intrafirm Bargaining and Matching Frictions\u201d","volume":"48","author":"CAHUC","year":"2008","journal-title":"International Economic Review"},{"key":"key\n\t\t\t\t2019022512104010500_B16","article-title":"\u201cA Practitioner\u2019s Guide to Cluster-Robust Inference\u201d","author":"CAMERON","year":"2015","journal-title":"Journal of Human Resources"},{"key":"key\n\t\t\t\t2019022512104010500_B17","doi-asserted-by":"crossref","first-page":"22","DOI":"10.1177\/001979399204600103","article-title":"\u201cUsing Regional Variation in Wages to Measure the Effects of the Federal Minimum Wage\u201d","volume":"46","author":"CARD","year":"1992","journal-title":"Industrial and Labor Relations Review"},{"key":"key\n\t\t\t\t2019022512104010500_B18","doi-asserted-by":"crossref","first-page":"29","DOI":"10.3406\/estat.2010.9585","article-title":"\u201cL\u2019impact Des Seuils De 10, 20 et 50 Salari\u00e9s Sur La Taille Des Entreprises Fran\u00e7aises\u201d","volume":"437","author":"CECI-RENAUD","year":"2010","journal-title":"\u00c9conomie et Statistique, Programme National Pers\u00e9e"},{"key":"key\n\t\t\t\t2019022512104010500_B19","doi-asserted-by":"crossref","first-page":"451","DOI":"10.1146\/annurev.economics.050708.142910","article-title":"\u201cSufficient Statistics for Welfare Analysis: A Bridge Between Structural and Reduced-Form Methods\u201d","volume":"1","author":"CHETTY","year":"2009","journal-title":"Annual Review of Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B20","first-page":"703","article-title":"\u201cCapital-Market Imperfections and Countercyclical Markups: Theory and Evidence\u201d","volume":"86","author":"CHEVALIER","year":"1996","journal-title":"The American Economic Review"},{"key":"key\n\t\t\t\t2019022512104010500_B21","doi-asserted-by":"crossref","first-page":"3","DOI":"10.3406\/estat.2001.7420","article-title":"\u201cUne Nouvelle \u00c9valuation Des Effets Des All\u00e9gements De Charges Sociales Sur Les Bas Salaires\u201d","volume":"348","author":"CR\u00c9PON","year":"2001","journal-title":"\u00c9conomie et Statistique, Programme National Pers\u00e9e"},{"key":"key\n\t\t\t\t2019022512104010500_B22","doi-asserted-by":"crossref","first-page":"531","DOI":"10.1093\/qje\/qjt001","article-title":"\u201cDo Labor Market Policies have Displacement Effects? Evidence from a Clustered Randomized Experiment\u201d","volume":"128","author":"CR\u00c9PON","year":"2013","journal-title":"Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B23","first-page":"019","article-title":"\u201cL\u2019indemnisation Par le R\u00e9gime d\u2019assurance Ch\u00f4mage\u201d","volume-title":"Mars","year":"2012"},{"key":"key\n\t\t\t\t2019022512104010500_B24","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/j.jmoneco.2011.10.001","article-title":"\u201cLabor Market Flows in the Cross Section and Over Time\u201d","volume":"59","author":"DAVIS","year":"2012","journal-title":"Journal of Monetary Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B25","volume-title":"Job Creation and Destruction","author":"DAVIS","year":"1996"},{"key":"key\n\t\t\t\t2019022512104010500_B26","first-page":"297","article-title":"\u201cMonopolistic Competition and Optimum Product Diversity\u201d","volume":"67","author":"DIXIT","year":"1977","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t2019022512104010500_B27","article-title":"\u201cDo Payroll Tax Cuts Raise Youth Employment?\u201d","author":"EGEBARK","year":"2013"},{"key":"key\n\t\t\t\t2019022512104010500_B28","doi-asserted-by":"crossref","first-page":"1495","DOI":"10.1093\/restud\/rds008","article-title":"\u201cExplaining and Forecasting Results of the Self-sufficiency Project\u201d","volume":"79","author":"FERRALL","year":"2012","journal-title":"Review of Economic Studies"},{"key":"key\n\t\t\t\t2019022512104010500_B29","doi-asserted-by":"crossref","first-page":"1013","DOI":"10.1111\/j.1468-0262.2006.00693.x","article-title":"\u201cMinimum Wage Effects on Labor Market Outcomes under Search, Bargaining, and Endogenous Contact Rates\u201d","volume":"74","author":"FLINN","year":"2006","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t2019022512104010500_B30","doi-asserted-by":"crossref","first-page":"973","DOI":"10.1111\/jeea.12032","article-title":"\u201cNote for a New Guide to Keynes, Wages Aggregate Demand and Employment\u201d","volume":"11","author":"GALI","year":"2013","journal-title":"Journal of the European Economic Association"},{"key":"key\n\t\t\t\t2019022512104010500_B31","doi-asserted-by":"crossref","first-page":"3385","DOI":"10.1257\/aer.20120737","article-title":"\u201cEstimating Neighbourhood Choice Models: Lessons from a Housing Assistance Experiment\u201d","volume":"105","author":"GALIANI","year":"2015","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t2019022512104010500_B32","doi-asserted-by":"crossref","DOI":"10.3386\/w18841","article-title":"\u201cFirm Size Distortions and the Productivity Distribution: Evidence from France\u201d","author":"GARICANO","year":"2013"},{"key":"key\n\t\t\t\t2019022512104010500_B33","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.2119055","article-title":"\u201cEstimating Equilibrium Effects of Job Search Assistance\u201d","author":"GAUTIER","year":"2012"},{"key":"key\n\t\t\t\t2019022512104010500_B34","doi-asserted-by":"crossref","first-page":"271","DOI":"10.1093\/qje\/qjw035","article-title":"\u201cFirm Leverage, Consumer Demand, and Employment Losses During the Great Recession\u201d","volume":"132","author":"GIROUD","year":"2017","journal-title":"Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B35","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.958027","article-title":"\u201cThe Impact of Payroll Tax Reductions on Employment and Wages: A Natural Experiment Using Firm Level Data\u201d","author":"GOOS","year":"2007"},{"key":"key\n\t\t\t\t2019022512104010500_B36","doi-asserted-by":"crossref","first-page":"377","DOI":"10.3982\/QE338","article-title":"\u201cSize-Dependent Regulations, Firm Size Distribution, and Reallocation\u201d","volume":"5","author":"GOURIO","year":"2014","journal-title":"Quantitative Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B37","doi-asserted-by":"crossref","first-page":"305","DOI":"10.1257\/aer.20141297","article-title":"\u201cHigh Discounts and High Unemployment\u201d","volume":"107","author":"HALL","year":"2017","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t2019022512104010500_B38","doi-asserted-by":"crossref","first-page":"1692","DOI":"10.1257\/aer.98.4.1692","article-title":"\u201cThe Cyclical Behaviour of Equilibrium Unemployment and Vacancies Revisited\u201d","volume":"98","author":"HAGEDORN","year":"2008","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t2019022512104010500_B39","doi-asserted-by":"crossref","first-page":"60","DOI":"10.1016\/j.euroecorev.2015.01.013","article-title":"\u201cThe Cyclicality of the Separation and Job Finding Rates in France\u201d","volume":"76","author":"HAIRAULT","year":"2015","journal-title":"European Economic Review"},{"key":"key\n\t\t\t\t2019022512104010500_B40","article-title":"\u201cDoes Labor Cost Affect Companies\u2019 Labor Demand, and Who Cares?\u201d","author":"HAMERMESH","year":"2013"},{"key":"key\n\t\t\t\t2019022512104010500_B41","doi-asserted-by":"crossref","first-page":"49","DOI":"10.1016\/j.jpubeco.2012.09.007","article-title":"\u201cThe Employment Effects of Low-wage Subsidies\u201d","volume":"97","author":"HUTTUNEN","year":"2013","journal-title":"Journal of Public Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B42","doi-asserted-by":"crossref","first-page":"877","DOI":"10.1016\/j.euroecorev.2006.02.005","article-title":"\u201cThe Empirical Content of the Job Search Model: Labor Mobility and Wage Distribution in Europe and the U.S.\u201d","volume":"50","author":"JOLIVET","year":"2006","journal-title":"European Economic Review"},{"key":"key\n\t\t\t\t2019022512104010500_B43","doi-asserted-by":"crossref","first-page":"3030","DOI":"10.1257\/aer.20131702","article-title":"\u201cEfficient Firm Dynamics in a Frictional Labor Market\u201d","volume":"105","author":"KAAS","year":"2015","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t2019022512104010500_B44","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.1619507","article-title":"\u201cSubsidizing Job Creation in the Great Recession\u201d","author":"KITAO","year":"2010"},{"key":"key\n\t\t\t\t2019022512104010500_B45","doi-asserted-by":"crossref","first-page":"27","DOI":"10.1016\/j.labeco.2009.07.005","article-title":"\u201cThe Shape of Hiring and Separation Costs in France\u201d","volume":"17","author":"KRAMARZ","year":"2010","journal-title":"Labour Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B46","doi-asserted-by":"crossref","first-page":"115","DOI":"10.1016\/S0047-2727(00)00137-7","article-title":"\u201cThe Impact of Differential Payroll Tax Subsidies on Minimum Wage Employment\u201d","volume":"82","author":"KRAMARZ","year":"2001","journal-title":"Journal of Public Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B47","article-title":"\u201cMarket Externalities from Large Unemployment Insurance Benefit Extension Programs\u201d","author":"LALIVE","year":"2013"},{"key":"key\n\t\t\t\t2019022512104010500_B48","doi-asserted-by":"crossref","first-page":"94","DOI":"10.1016\/j.euroecorev.2015.08.007","article-title":"\u201cThe Own-Wage Elasticity of Labor Demand: A Meta-Regression Analysis\u201d","volume":"80","author":"LICHTER","year":"2015","journal-title":"European Economic Review"},{"key":"key\n\t\t\t\t2019022512104010500_B49","doi-asserted-by":"crossref","first-page":"16","DOI":"10.1186\/s40172-015-0031-7","article-title":"\u201cEvaluating Search and Matching Models Using Experimental Data\u201d","volume":"4","author":"LISE","year":"2015","journal-title":"IZA Journal of Labor Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B50","first-page":"973","article-title":"\u201cImperfect Competition in Labour Markets\u201d","volume-title":"Handbook of Labor Economics","author":"MANNING","year":"2011"},{"key":"key\n\t\t\t\t2019022512104010500_B51","doi-asserted-by":"crossref","first-page":"385","DOI":"10.1086\/262077","article-title":"\u201cCompetitive Search Equilibrium\u201d","volume":"105","author":"MOEN","year":"1997","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t2019022512104010500_B52","doi-asserted-by":"crossref","first-page":"2509","DOI":"10.1257\/aer.102.6.2509","article-title":"\u201cThe Contribution of Large and Small Employers to Job Creation in Times of High and Low Unemployment\u201d","volume":"102","author":"MOSCARINI","year":"2012","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t2019022512104010500_B53","article-title":"\u201cThe Cyclical Behaviour of the Price-Cost Markup\u201d","author":"NEKARDA","year":"2013"},{"key":"key\n\t\t\t\t2019022512104010500_B54","doi-asserted-by":"crossref","first-page":"1111","DOI":"10.1177\/0019793916683930","article-title":"\u201cThe Employment Effects of State Hiring Credit\u201d","volume":"70","author":"NEUMARK","year":"2017","journal-title":"Industrial and Labor Relations Review"},{"key":"key\n\t\t\t\t2019022512104010500_B55","volume-title":"Employment Outlook","year":"2010"},{"key":"key\n\t\t\t\t2019022512104010500_B56","first-page":"173","article-title":"\u201cThe New Jobs Tax Credit: An Evaluation of the 1977\u201378 Wage Subsidy Program\u201d","volume":"69","author":"PERLOFF","year":"1979","journal-title":"American Economic Review, American Economic Association"},{"key":"key\n\t\t\t\t2019022512104010500_B57","article-title":"\u201cSubsidies to Small Business?\u201d","author":"POSNER","year":"2010"},{"key":"key\n\t\t\t\t2019022512104010500_B58","doi-asserted-by":"crossref","first-page":"195","DOI":"10.1111\/j.1467-937X.2006.00374.x","article-title":"\u201cDeep Habits\u201d","volume":"73","author":"RAVN","year":"2006","journal-title":"The Review of Economic Studies"},{"key":"key\n\t\t\t\t2019022512104010500_B59","first-page":"63","article-title":"\u201cMarkups and the Business Cycle\u201d","volume-title":"National Bureau of Economic Research Macroeconomics Annual","author":"ROTEMBERG","year":"1991"},{"key":"key\n\t\t\t\t2019022512104010500_B60","article-title":"\u201cThe Financial Channel of Wage Rigidity\u201d","author":"SCHOEFER","year":"2015"},{"key":"key\n\t\t\t\t2019022512104010500_B61","article-title":"\u201cEffects of Payroll Tax Cuts for Young Workers\u201d","author":"SKEDINGER","year":"2014"},{"key":"key\n\t\t\t\t2019022512104010500_B62","doi-asserted-by":"crossref","first-page":"370","DOI":"10.1016\/j.labeco.2007.04.004","article-title":"\u201cDifferential Effects of Active Labour Market Programs for the Unemployed\u201d","volume":"15","author":"SIANESI","year":"2008","journal-title":"Labour Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B63","doi-asserted-by":"crossref","first-page":"375","DOI":"10.2307\/2297888","article-title":"\u201cIntrafirm Bargaining under Non-binding Contracts\u201d","volume":"63","author":"STOLE","year":"1996","journal-title":"Review of Economic Studies"},{"key":"key\n\t\t\t\t2019022512104010500_B64","doi-asserted-by":"crossref","first-page":"1384","DOI":"10.1257\/aer.96.5.1384","article-title":"\u201cAssessing the Impact of a School Subsidy Program in Mexico: Using a Social Experiment to Validate a Dynamic Behavioural Model of Child Schooling and Fertility\u201d","volume":"96","author":"TODD","year":"2006","journal-title":"American Economic Review, American Economic Association"},{"key":"key\n\t\t\t\t2019022512104010500_B65","doi-asserted-by":"crossref","first-page":"145","DOI":"10.1111\/j.0022-1821.2005.00250.x","article-title":"\u201cMarket Power and Price Movements over the Business Cycle\u201d","volume":"53","author":"WILSON","year":"2005","journal-title":"The Journal of Industrial Economics"},{"key":"key\n\t\t\t\t2019022512104010500_B66","first-page":"441","article-title":"\u201cBehavioural Model versus Experimentation: The Effects of Housing Subsidies on Rent\u201d","volume-title":"Methods of Operations Research 50","author":"WISE","year":"1985"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/86\/2\/593\/27980341\/rdy011.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,8,13]],"date-time":"2022-08-13T00:35:07Z","timestamp":1660350907000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/86\/2\/593\/4829925"}},"issued":{"date-parts":[[2018,1,30]]},"references-count":66,"journal-issue":{"issue":"2","published-online":{"date-parts":[[2018,1,30]]},"published-print":{"date-parts":[[2019,3,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdy011","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2019,3]]},"published":{"date-parts":[[2018,1,30]]}},{"indexed":{"date-parts":[[2026,3,18]],"date-time":"2026-03-18T08:51:53Z","timestamp":1773823913568,"version":"3.50.1"},"reference-count":47,"publisher":"Oxford University Press (OUP)","issue":"3","license":[{"start":{"date-parts":[[2020,8,3]],"date-time":"2020-08-03T00:00:00Z","timestamp":1596412800000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/journals\/pages\/open_access\/funder_policies\/chorus\/standard_publication_model"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2021,5,22]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>We model the building of a city, estimate parameters of the model, and calculate welfare losses from institutional frictions encountered in changing land-use. We distinguish formal and slum construction technologies; in contrast to slums, formal structures can be built tall, are durable, and non-malleable. As the city grows areas are initially developed informally, then formally, and then redeveloped periodically. Slums are modelled as a technology choice; however, institutional frictions in land markets may hinder their conversion to formal usage that requires secure property rights. Using unique data on Nairobi for 2003 and 2015, we develop a novel set of facts that support assumptions of the model, estimate all parameters of the model, and calculate welfare losses of conversion frictions. We track the dynamic evolution of the city and compare it with model predictions. In the core city formal sector, about a third of buildings were torn down over 12 years and replaced by buildings on average three times higher. For slums in older areas near the centre, even after buying out slumlords, overcoming institutional frictions would yield gains amounting to about ${\\$}$18,000 per slum household, thirty times typical annual slum rent payments.<\/jats:p>","DOI":"10.1093\/restud\/rdaa042","type":"journal-article","created":{"date-parts":[[2020,7,27]],"date-time":"2020-07-27T11:27:00Z","timestamp":1595849220000},"page":"1157-1192","source":"Crossref","is-referenced-by-count":62,"title":["Building the City: From Slums to a Modern Metropolis"],"prefix":"10.1093","volume":"88","author":[{"given":"J Vernon","family":"Henderson","sequence":"first","affiliation":[{"name":"London School of Economics and Political Science"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Tanner","family":"Regan","sequence":"additional","affiliation":[{"name":"London School of Economics and Political Science"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Anthony J","family":"Venables","sequence":"additional","affiliation":[{"name":"University of Oxford and Monash University"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2020,8,3]]},"reference":[{"key":"2021052219311295500_B1","article-title":"New Estimates of the Elasticity of Substitution of Land for Capital","author":"AHLFELDT,","year":"2014"},{"key":"2021052219311295500_B2","doi-asserted-by":"crossref","first-page":"861","DOI":"10.1162\/rest_a_00734","article-title":"Tall Buildings and Land Values: Height and Construction Cost Elasticities in Chicago, 1870\u20132010","volume":"100","author":"AHLFELDT,","year":"2018","journal-title":"Review of Economics and Statistics"},{"key":"2021052219311295500_B3","doi-asserted-by":"crossref","first-page":"2127","DOI":"10.3982\/ECTA10876","article-title":"The Economics of Density; Evidence from the Berlin Wall","volume":"83","author":"AHLFELDT,","year":"2015","journal-title":"Econometrica"},{"key":"2021052219311295500_B4","doi-asserted-by":"crossref","first-page":"425","DOI":"10.1006\/juec.2000.2199","article-title":"Spatial Growth and Redevelopment with Perfect Foresight and Durable Housing","volume":"49","author":"BRAID,","year":"2001","journal-title":"Journal of Urban Economics"},{"key":"2021052219311295500_B5","doi-asserted-by":"crossref","first-page":"725","DOI":"10.1162\/rest.91.4.725","article-title":"Gentrification and Neighbourhood Housing Cycle","volume":"91","author":"BRUECKNER,","year":"2009","journal-title":"Review of Economics and Statistics"},{"key":"2021052219311295500_B6","first-page":"127","article-title":"The Value of Land in the United States: 1975-2005","volume-title":"Land Policies and Their Outcomes","author":"CASE,","year":"2007"},{"key":"2021052219311295500_B7","doi-asserted-by":"crossref","first-page":"1971","DOI":"10.1111\/ecoj.12626","article-title":"On the Determinants of Slum Formation","volume":"129","author":"CAVALCANTI,","year":"2019","journal-title":"The Economic Journal"},{"key":"2021052219311295500_B8","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.3090324","article-title":"The Production Function for Housing: Evidence from France","author":"COMBES,","year":"2017"},{"key":"2021052219311295500_B9","doi-asserted-by":"crossref","first-page":"1556","DOI":"10.1093\/restud\/rdy063","article-title":"The Costs of Agglomeration: House and Land Prices in French Cities","volume":"86","author":"COMBES,","year":"2019","journal-title":"Review of Economic Studies"},{"key":"2021052219311295500_B10","doi-asserted-by":"crossref","DOI":"10.1111\/j.1540-5842.2006.00797.x","volume-title":"Planet of Slums","author":"DAVIS,","year":"2006"},{"key":"2021052219311295500_B11","first-page":"467","article-title":"Urban Land Use","volume-title":"Handbook of Regional and Urban Economics","author":"DURANTON,","year":"2015"},{"key":"2021052219311295500_B12","volume-title":"Mathare Valley: A Case Study of Uncontrolled Settlement in Nairobi","author":"ETHERTON,","year":"1971"},{"key":"2021052219311295500_B13","article-title":"Of Cities and Slums","author":"FERREIRA,","year":"2016"},{"key":"2021052219311295500_B14","first-page":"22","article-title":"Spatial Development Processes with Renewal in a Growing City","volume":"12","author":"FUJITA,","year":"1982","journal-title":"Journal of Urban Economics"},{"key":"2021052219311295500_B15","article-title":"The Welfare Consequences of Urban Renewal: Evidence from the Mumbai Mills Redevelopment","author":"GETCHER,","year":"2018"},{"key":"2021052219311295500_B16","volume-title":"Kenya State of the Cities Baseline Survey 2012-2013","author":"GULYANI,","year":"2012"},{"key":"2021052219311295500_B17","doi-asserted-by":"crossref","first-page":"1916","DOI":"10.1016\/j.worlddev.2008.02.010","article-title":"Slum Real Estate: The Low-Quality High-Price Puzzle in Nairobi\u2019s Slum Rental Market and its implications for Theory and Practice","volume":"36","author":"GULYANI,","year":"2008","journal-title":"World Development"},{"key":"2021052219311295500_B18","doi-asserted-by":"crossref","first-page":"2377","DOI":"10.1257\/aer.20171673","article-title":"Cities in Bad Shape: Urban Geometry in India","volume":"110","author":"HARARI,","year":"2020","journal-title":"American Economic Review"},{"key":"2021052219311295500_B19","article-title":"Slum Upgrading and Long-run Urban Development: Evidence from Indonesia","author":"HARARI,","year":"2019"},{"key":"2021052219311295500_B20","doi-asserted-by":"crossref","first-page":"714","DOI":"10.1111\/j.1468-2427.2007.00751.x","article-title":"Tenement City: The Emergence of Multi-storey Districts Through Large-scale Private Landlordism in Nairobi","volume":"31","author":"HUCHZERMEYER,","year":"2007","journal-title":"International Journal of Urban and Reginal Research"},{"key":"2021052219311295500_B21","article-title":"Consultancy Services for City\/Municipal Situational Analysis of Conditions of Informal Settlements in 15 Municipalities","year":"2013"},{"key":"2021052219311295500_B22","doi-asserted-by":"crossref","first-page":"129","DOI":"10.1093\/acprof:oso\/9780199782482.003.0006","article-title":"In Search of Order: State Systems of Property Rights and Their Failings","volume-title":"Where There Is No Government: Enforcing Property Rights in Common Law Africa","author":"JOIREMAN,","year":"2011"},{"key":"2021052219311295500_B23","article-title":"Property Taxation on Kenya","author":"KELLY,","year":"2003"},{"key":"2021052219311295500_B24","article-title":"Report on Riparian Lands Conservation and Management Policy Framework","year":"2018","journal-title":"Kenya National Land Commission"},{"key":"2021052219311295500_B25","volume-title":"Population and Housing Census","year":"1999"},{"key":"2021052219311295500_B26","volume-title":"Kenya Population and Housing Census","year":"2009"},{"key":"2021052219311295500_B27","article-title":"Africa\u2019s Cities: Opening Doors to the World","author":"LALL,","year":"2017","journal-title":"World Bank"},{"key":"2021052219311295500_B28","doi-asserted-by":"crossref","first-page":"187","DOI":"10.1257\/jep.27.4.187","article-title":"The Economics of Slums in the Developing World","volume":"27","author":"MARX,","year":"2013","journal-title":"Journal of Economic Perspectives"},{"key":"2021052219311295500_B29","first-page":"25","article-title":"City Planning in Nairobi: The Stakes, the People, the Sidetracking","volume-title":"Nairobi Today: The Paradox of a Fragmented City","author":"MEDARD,","year":"2006"},{"key":"2021052219311295500_B30","article-title":"Planning Ahead for Better Neighbourhoods: Long Run Evidence from Tanzania","author":"MICHAELS,","year":"2019"},{"key":"2021052219311295500_B31","article-title":"Policy Review for Zones 3, 4 and 5, Nairobi, Kenya 42nd ISoCaRP Congress","author":"MWAURA,","year":"2006"},{"key":"2021052219311295500_B32","article-title":"An Evaluation of Property Rate Collection and Enforcement of Devolved Systems of Governance: A Case Study of Nairobi City-County","author":"NARUBI,","year":"2015","journal-title":"MA thesis, University of Nairobi, Department of Real Estate and Construction Management"},{"key":"2021052219311295500_B33","article-title":"The Dynamics and Implications of Sustaining Urban Spatial Segregation in Kenya: Experiences from Nairobi Metropolis","author":"OLIMA,","year":"2001"},{"key":"2021052219311295500_B34","article-title":"Nairobi Vacant Land Listings","year":"2015"},{"key":"2021052219311295500_B35","volume-title":"Nairobi Building Footprints and Heights","year":"2015"},{"key":"2021052219311295500_B36","doi-asserted-by":"crossref","DOI":"10.1596\/1813-9450-8482","article-title":"The Informal City","author":"SELOD,","year":"2018"},{"key":"2021052219311295500_B37","first-page":"142","article-title":"The Ndungu Report: Land and Graft in Kenya","volume":"32","author":"SOUTHALL,","year":"2005","journal-title":"Review of African Political Economy"},{"key":"2021052219311295500_B38","first-page":"103","article-title":"Land Tenure in Slum Upgrading Projects","author":"SYAGGA,","year":"2011","journal-title":"Les cahiers d\u2019Afrique de l\u2019Est, IFRA Nairobi"},{"key":"2021052219311295500_B39","article-title":"A Rapid Economic Appraisal of Rents in Slums and Informal Settlements","author":"SYAGGA,","year":"2002","journal-title":"Prepared for Government of Kenya and UN-HABITAT Collaborative Nairobi Slum Upgrading Initiative"},{"key":"2021052219311295500_B40","doi-asserted-by":"crossref","first-page":"150","DOI":"10.1016\/j.apgeog.2018.02.002","article-title":"The Morphology of the Arrival City\u2014A Global Categorization Based on Literature Surveys and Remotely Sensed Data","volume":"92","author":"TAUBENBOCK,","year":"2018","journal-title":"Applied Geography"},{"key":"2021052219311295500_B41","article-title":"World Urbanization Prospects, 2018","year":"2018"},{"key":"2021052219311295500_B42","volume-title":"Ghana Housing Profile","year":"2011"},{"key":"2021052219311295500_B43","volume-title":"Slum Almanac 2015\/2016: Tracking Improvement in the Lives of Slum Dwellers","year":"2016"},{"key":"2021052219311295500_B44","article-title":"Shuttle Radar Topography Mission, 1 Arc Second scene SRTM_f03_s002e036, Finished Version 3.0, Global Land Cover Facility, University of Maryland, College Park, Maryland","year":"2005"},{"key":"2021052219311295500_B45","doi-asserted-by":"crossref","first-page":"114","DOI":"10.1080\/00045608.2013.846157","article-title":"Toward Open Source Kenya: Creating and Sharing a GIS Database of Nairobi","volume":"104","author":"WILLIAMS,","year":"2014","journal-title":"Annals of the Association of American Geographers"},{"key":"2021052219311295500_B46","volume-title":"Where Is the Wealth of Nations: Measuring Capital for the 21","year":"2006"},{"key":"2021052219311295500_B47","volume-title":"Nairobi Building Footprints Circa 2003 and Plot Boundaries Circa 2010","year":"2015"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdaa042\/33797400\/rdaa042.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/88\/3\/1157\/38107968\/rdaa042.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/88\/3\/1157\/38107968\/rdaa042.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2021,5,22]],"date-time":"2021-05-22T19:31:59Z","timestamp":1621711919000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/88\/3\/1157\/5880001"}},"issued":{"date-parts":[[2020,8,3]]},"references-count":47,"journal-issue":{"issue":"3","published-online":{"date-parts":[[2020,8,3]]},"published-print":{"date-parts":[[2021,5,22]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdaa042","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2021,5,1]]},"published":{"date-parts":[[2020,8,3]]}},{"indexed":{"date-parts":[[2026,3,4]],"date-time":"2026-03-04T08:47:56Z","timestamp":1772614076953,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1984,1]]},"DOI":"10.2307\/2297704","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:40:36Z","timestamp":1150404036000},"page":"53","source":"Crossref","is-referenced-by-count":43,"title":["Product Differentiation with Imperfect Information"],"prefix":"10.1093","volume":"51","author":[{"given":"Asher","family":"Wolinsky","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/51\/1\/53\/4476629\/51-1-53.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T20:04:16Z","timestamp":1503518656000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297704"}},"issued":{"date-parts":[[1984,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1984,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2297704","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1984,1]]}},{"indexed":{"date-parts":[[2026,3,21]],"date-time":"2026-03-21T20:59:01Z","timestamp":1774126741523,"version":"3.50.1"},"reference-count":40,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[2012,10,1]]},"DOI":"10.1093\/restud\/rds014","type":"journal-article","created":{"date-parts":[[2012,2,23]],"date-time":"2012-02-23T01:39:36Z","timestamp":1329961176000},"page":"1271-1307","source":"Crossref","is-referenced-by-count":19,"title":["Intertemporal Distortions in the Second Best"],"prefix":"10.1093","volume":"79","author":[{"given":"S.","family":"Albanesi","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"R.","family":"Armenter","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2012,2,22]]},"reference":[{"key":"1_39025194","doi-asserted-by":"crossref","first-page":"159","DOI":"10.1016\/j.jmoneco.2007.12.003","volume":"55","year":"2008","journal-title":"JOURNAL OF MONETARY ECONOMICS"},{"key":"2_39025193","doi-asserted-by":"crossref","first-page":"619","DOI":"10.1111\/j.1468-0262.2008.00849.x","volume":"76","year":"2008","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"3_26921488","doi-asserted-by":"crossref","first-page":"1158","DOI":"10.1086\/601445","volume":"103","year":"1995","journal-title":"Journal of Political Economy","ISSN":"https:\/\/id.crossref.org\/issn\/0022-3808","issn-type":"print"},{"key":"4_38998190","doi-asserted-by":"crossref","first-page":"1220","DOI":"10.1086\/343744","volume":"110","year":"2002","journal-title":"Journal of Political Economy","ISSN":"https:\/\/id.crossref.org\/issn\/0022-3808","issn-type":"print"},{"issue":"1","key":"9_39024445","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1111\/j.1467-937X.2006.00367.x","volume":"73","year":"2006","journal-title":"The Review of Economic Studies","ISSN":"https:\/\/id.crossref.org\/issn\/0034-6527","issn-type":"print"},{"issue":"2","key":"10_39023041","doi-asserted-by":"publisher","first-page":"285","DOI":"10.1111\/0034-6527.00285","volume":"71","year":"2004","journal-title":"The Review of Economic Studies","ISSN":"https:\/\/id.crossref.org\/issn\/0034-6527","issn-type":"print"},{"key":"11_42337371","doi-asserted-by":"crossref","first-page":"2275","DOI":"10.1016\/j.jpubeco.2008.04.015","volume":"92","year":"2008","ISSN":"https:\/\/id.crossref.org\/issn\/0047-2727","issn-type":"print"},{"key":"13_35638268","first-page":"3","volume":"23","year":"1999","journal-title":"FEDERAL RESERVE BANK OF MINNEAPOLIS QUARTERLY REVIEW"},{"issue":"3","key":"14_38402246","doi-asserted-by":"publisher","first-page":"427","DOI":"10.2307\/2297858","volume":"59","year":"1992","journal-title":"The Review of Economic Studies","ISSN":"https:\/\/id.crossref.org\/issn\/0034-6527","issn-type":"print"},{"key":"15_35724616","doi-asserted-by":"crossref","first-page":"64","DOI":"10.1006\/jeth.1995.1032","volume":"66","year":"1995","ISSN":"https:\/\/id.crossref.org\/issn\/0022-0531","issn-type":"print"},{"key":"17_25288518","doi-asserted-by":"crossref","first-page":"607","DOI":"10.2307\/1911310","volume":"54","year":"1986","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"18_28954549","doi-asserted-by":"crossref","first-page":"783","DOI":"10.1086\/261706","volume":"98","year":"1990","journal-title":"Journal of Political Economy","ISSN":"https:\/\/id.crossref.org\/issn\/0022-3808","issn-type":"print"},{"key":"22_39627574","doi-asserted-by":"crossref","first-page":"25","DOI":"10.1257\/aer.99.1.25","volume":"99","year":"2009","journal-title":"The American economic review","ISSN":"https:\/\/id.crossref.org\/issn\/0002-8282","issn-type":"print"},{"key":"23_42337372","doi-asserted-by":"crossref","first-page":"147","DOI":"10.1016\/0047-2727(95)01514-0","volume":"60","year":"1996","ISSN":"https:\/\/id.crossref.org\/issn\/0047-2727","issn-type":"print"},{"key":"25_39022553","doi-asserted-by":"crossref","first-page":"295","DOI":"10.1016\/0047-2727(78)90050-6","volume":"10","year":"1978","ISSN":"https:\/\/id.crossref.org\/issn\/0047-2727","issn-type":"print"},{"key":"26_28808993","doi-asserted-by":"crossref","first-page":"338","DOI":"10.1006\/jeth.2001.2877","volume":"105","year":"2002","ISSN":"https:\/\/id.crossref.org\/issn\/0022-0531","issn-type":"print"},{"key":"27_42337373","doi-asserted-by":"crossref","first-page":"908","DOI":"10.1086\/657996","volume":"118","year":"2010","journal-title":"Journal of Political Economy","ISSN":"https:\/\/id.crossref.org\/issn\/0022-3808","issn-type":"print"},{"key":"28_39024802","doi-asserted-by":"crossref","first-page":"365","DOI":"10.1086\/518741","volume":"115","year":"2007","journal-title":"Journal of Political Economy","ISSN":"https:\/\/id.crossref.org\/issn\/0022-3808","issn-type":"print"},{"key":"29_41874745","doi-asserted-by":"crossref","first-page":"93","DOI":"10.1016\/0165-1889(80)90053-6","volume":"2","year":"1980","ISSN":"https:\/\/id.crossref.org\/issn\/0165-1889","issn-type":"print"},{"issue":"3","key":"32_39022507","doi-asserted-by":"publisher","first-page":"569","DOI":"10.1111\/1467-937X.00256","volume":"70","year":"2003","journal-title":"The Review of Economic Studies","ISSN":"https:\/\/id.crossref.org\/issn\/0034-6527","issn-type":"print"},{"key":"33_39023836","doi-asserted-by":"crossref","first-page":"257","DOI":"10.1086\/500549","volume":"114","year":"2006","journal-title":"Journal of Political Economy","ISSN":"https:\/\/id.crossref.org\/issn\/0022-3808","issn-type":"print"},{"key":"34_42337374","doi-asserted-by":"crossref","first-page":"93","DOI":"10.1006\/jeth.1996.2238","volume":"73","year":"1997","ISSN":"https:\/\/id.crossref.org\/issn\/0022-0531","issn-type":"print"},{"key":"35_28021264","doi-asserted-by":"crossref","first-page":"59","DOI":"10.1016\/0047-2727(85)90020-9","volume":"28","year":"1985","ISSN":"https:\/\/id.crossref.org\/issn\/0047-2727","issn-type":"print"},{"key":"36_38998196","doi-asserted-by":"crossref","first-page":"907","DOI":"10.1111\/1468-0262.00314","volume":"70","year":"2002","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"37_39022312","doi-asserted-by":"crossref","first-page":"184","DOI":"10.1016\/S0022-0531(03)00255-2","volume":"119","year":"2004","ISSN":"https:\/\/id.crossref.org\/issn\/0022-0531","issn-type":"print"},{"issue":"4","key":"38_38371413","doi-asserted-by":"publisher","first-page":"865","DOI":"10.2307\/2298103","volume":"60","year":"1993","journal-title":"The Review of Economic Studies","ISSN":"https:\/\/id.crossref.org\/issn\/0034-6527","issn-type":"print"},{"issue":"4","key":"39_38371690","doi-asserted-by":"publisher","first-page":"595","DOI":"10.2307\/2297795","volume":"63","year":"1996","journal-title":"The Review of Economic Studies","ISSN":"https:\/\/id.crossref.org\/issn\/0034-6527","issn-type":"print"},{"key":"42_42337375","doi-asserted-by":"crossref","first-page":"423","DOI":"10.1016\/S0047-2727(99)00016-X","volume":"73","year":"1999","ISSN":"https:\/\/id.crossref.org\/issn\/0047-2727","issn-type":"print"},{"key":"44_27528442","doi-asserted-by":"crossref","first-page":"55","DOI":"10.1016\/0304-3932(83)90049-1","volume":"12","year":"1983","journal-title":"JOURNAL OF MONETARY ECONOMICS"},{"key":"46_42337376","doi-asserted-by":"crossref","first-page":"174","DOI":"10.1006\/jeth.1997.2389","volume":"79","year":"1998","ISSN":"https:\/\/id.crossref.org\/issn\/0022-0531","issn-type":"print"},{"issue":"2","key":"47_39024650","doi-asserted-by":"publisher","first-page":"487","DOI":"10.1111\/j.1467-937X.2006.00384.x","volume":"73","year":"2006","journal-title":"The Review of Economic Studies","ISSN":"https:\/\/id.crossref.org\/issn\/0034-6527","issn-type":"print"},{"key":"48_28954560","doi-asserted-by":"crossref","first-page":"1491","DOI":"10.1111\/1468-0262.00255","volume":"69","year":"2001","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"49_27572665","doi-asserted-by":"crossref","first-page":"713","DOI":"10.1016\/j.jmoneco.2003.08.014","volume":"51","year":"2004","journal-title":"JOURNAL OF MONETARY ECONOMICS"},{"key":"50_39024249","doi-asserted-by":"crossref","first-page":"547","DOI":"10.1111\/1468-0262.00295","volume":"70","year":"2002","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"52_26179068","doi-asserted-by":"crossref","first-page":"69","DOI":"10.2307\/1911724","volume":"53","year":"1985","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"54_41874746","doi-asserted-by":"crossref","first-page":"410","DOI":"10.1016\/j.red.2006.03.001","volume":"9","year":"2006","journal-title":"REVIEW OF ECONOMIC DYNAMICS"},{"key":"55_39675581","doi-asserted-by":"crossref","first-page":"36","DOI":"10.1016\/j.jet.2004.07.009","volume":"127","year":"2006","ISSN":"https:\/\/id.crossref.org\/issn\/0022-0531","issn-type":"print"},{"key":"57_39023856","doi-asserted-by":"crossref","first-page":"438","DOI":"10.1006\/redy.2000.0122","volume":"4","year":"2001","journal-title":"REVIEW OF ECONOMIC DYNAMICS"},{"key":"58_39022556","doi-asserted-by":"crossref","first-page":"367","DOI":"10.1016\/0022-0531(90)90023-D","volume":"51","year":"1990","ISSN":"https:\/\/id.crossref.org\/issn\/0022-0531","issn-type":"print"},{"key":"62_39024251","doi-asserted-by":"crossref","first-page":"250","DOI":"10.1016\/0022-0531(92)90055-M","volume":"58","year":"1992","ISSN":"https:\/\/id.crossref.org\/issn\/0022-0531","issn-type":"print"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/79\/4\/1271\/18406154\/rds014.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T18:06:17Z","timestamp":1503511577000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1093\/restud\/rds014"}},"issued":{"date-parts":[[2012,2,22]]},"references-count":40,"journal-issue":{"issue":"4","published-online":{"date-parts":[[2012,10,18]]},"published-print":{"date-parts":[[2012,10,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rds014","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2012,2,22]]}},{"indexed":{"date-parts":[[2026,4,18]],"date-time":"2026-04-18T06:05:34Z","timestamp":1776492334316,"version":"3.51.2"},"reference-count":55,"publisher":"Oxford University Press (OUP)","issue":"4","license":[{"start":{"date-parts":[[2018,5,25]],"date-time":"2018-05-25T00:00:00Z","timestamp":1527206400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/journals\/pages\/open_access\/funder_policies\/chorus\/standard_publication_model"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2019,7,1]]},"abstract":"<jats:title>Abstract<\/jats:title><jats:p>We model and test two school-based peer cultures: one that stigmatizes effort and one that rewards ability. The model shows that either may reduce participation in educational activities when peers can observe participation and performance. We design a field experiment that allows us to test for, and differentiate between, these two concerns. We find that peer pressure reduces takeup of an SAT prep package virtually identically across two very different high school settings. However, the effects arise from very distinct mechanisms: a desire to hide effort in one setting and a desire to hide low ability in the other.<\/jats:p>","DOI":"10.1093\/restud\/rdy026","type":"journal-article","created":{"date-parts":[[2018,5,17]],"date-time":"2018-05-17T03:12:08Z","timestamp":1526526728000},"page":"1487-1526","source":"Crossref","is-referenced-by-count":81,"title":["Cool to be Smart or Smart to be Cool? Understanding Peer Pressure in Education"],"prefix":"10.1093","volume":"86","author":[{"given":"Leonardo","family":"Bursztyn","sequence":"first","affiliation":[{"name":"University of Chicago and NBER"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Georgy","family":"Egorov","sequence":"additional","affiliation":[{"name":"Kellogg School of Management, Northwestern University and NBER"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Robert","family":"Jensen","sequence":"additional","affiliation":[{"name":"Wharton School, University of Pennsylvania and NBER"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2018,5,25]]},"reference":[{"key":"2019062814023453800_B1","first-page":"245","article-title":"\u201cSocial Norms and the Enforcement of Laws\u201d","volume":"15","author":"ACEMOGLU,","year":"2017","journal-title":"Journal of the European Economic Association"},{"key":"2019062814023453800_B2","first-page":"715","article-title":"\u201cEconomics and Identity\u201d","volume":"115","author":"AKERLOF,","year":"2000","journal-title":"Quarterly Journal of Economics"},{"key":"2019062814023453800_B3","doi-asserted-by":"crossref","DOI":"10.1515\/9781400834181","volume-title":"Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being","author":"AKERLOF,","year":"2010"},{"key":"2019062814023453800_B4","doi-asserted-by":"crossref","first-page":"544","DOI":"10.1257\/aer.99.1.544","article-title":"\u201cDoing Good or Doing Well? Image Motivation and Monetary Incentives in Behaving Prosocially\u201d","volume":"99","author":"ARIELY,","year":"2009","journal-title":"American Economic Review"},{"key":"2019062814023453800_B5","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/j.jpubeco.2014.06.014","article-title":"\u201cNo Margin, No Mission? A Field Experiment on Incentives for Public Services Delivery\u201d","volume":"120","author":"ASHRAF,","year":"2014","journal-title":"Journal of Public Economics"},{"key":"2019062814023453800_B6","doi-asserted-by":"crossref","first-page":"44","DOI":"10.1016\/j.jebo.2014.01.001","article-title":"\u201cAwards Unbundled: Evidence from a Natural Field Experiment\u201d","volume":"100","author":"ASHRAF,","year":"2014","journal-title":"Journal of Economic Behavior & Organization"},{"key":"2019062814023453800_B7","first-page":"551","article-title":"\u201cAn Economic Analysis of Acting White\u201d","volume":"120","author":"AUSTEN-SMITH,","year":"2005","journal-title":"Quarterly Journal of Economics"},{"key":"2019062814023453800_B8","volume-title":"Maori Youth: A Psychoethnological Study of Cultural Deprivation","author":"AUSUBEL,","year":"1977"},{"key":"2019062814023453800_B9","first-page":"349","article-title":"\u201cVeblen Effects in a Theory of Conspicuous Consumption\u201d","volume":"86","author":"BAGWELL,","year":"1996","journal-title":"American Economic Review,"},{"key":"2019062814023453800_B10","doi-asserted-by":"crossref","first-page":"1652","DOI":"10.1257\/aer.96.5.1652","article-title":"\u201cIncentives and Prosocial Behavior\u201d","volume":"96","author":"B\u00e9NABOU,","year":"2006","journal-title":"American Economic Review"},{"key":"2019062814023453800_B11","article-title":"\u201cLaws and Norms\u201d","author":"B\u00e9nabou,","year":"2011"},{"key":"2019062814023453800_B12","doi-asserted-by":"crossref","first-page":"905","DOI":"10.1162\/003355300554944","article-title":"\u201cSect, Subsidy, and Sacrifice: An Economist\u2019s View of Ultra-Orthodox Jews\u201d","volume":"115","author":"BERMAN,","year":"2000","journal-title":"Quarterly Journal of Economics"},{"key":"2019062814023453800_B13","doi-asserted-by":"crossref","first-page":"841","DOI":"10.1086\/261957","article-title":"\u201cA Theory of Conformity\u201d","volume":"102","author":"BERNHEIM,","year":"1994","journal-title":"Journal of Political Economy"},{"key":"2019062814023453800_B14","doi-asserted-by":"crossref","first-page":"246","DOI":"10.1111\/j.1467-8624.2007.00995.x","article-title":"\u201cImplicit Theories of Intelligence Predict Achievement Across an Adolescent Transition: A Longitudinal Study and an Intervention\u201d","volume":"78","author":"BLACKWELL,","year":"2007","journal-title":"Child Development"},{"key":"2019062814023453800_B15","volume-title":"Preparation for College Admission Exams","author":"BRIGGS,","year":"2009"},{"key":"2019062814023453800_B16","doi-asserted-by":"crossref","first-page":"1273","DOI":"10.3982\/ECTA11991","article-title":"\u201cUnderstanding Mechanisms Underlying Peer Effects\u201d","volume":"82","author":"BURSZTYN,","year":"2014","journal-title":"Econometrica"},{"key":"2019062814023453800_B17","doi-asserted-by":"crossref","first-page":"1329","DOI":"10.1093\/qje\/qjv021","article-title":"\u201cHow Does Peer Pressure Affect Educational Investments?\u201d","volume":"130","author":"BURSZTYN,","year":"2015","journal-title":"Quarterly Journal of Economics"},{"key":"2019062814023453800_B18","doi-asserted-by":"crossref","first-page":"131","DOI":"10.1146\/annurev-economics-063016-103625","article-title":"\u201cSocial Image and Economic Behavior in the Field: Identifying, Understanding and Shaping Social Pressure\u201d","volume":"9","author":"BURSZTYN,","year":"2017","journal-title":"Annual Review of Economics"},{"key":"2019062814023453800_B19","doi-asserted-by":"crossref","first-page":"439","DOI":"10.1086\/600143","article-title":"\u201cDoes Your Cohort Matter? Measuring Peer Effects in College Achievement\u201d","volume":"27","author":"CARRELL,","year":"2009","journal-title":"Journal of Labor Economics"},{"key":"2019062814023453800_B20","doi-asserted-by":"crossref","first-page":"855","DOI":"10.3982\/ECTA10168","article-title":"\u201cFrom Natural Variation to Optimal Policy? The Lucas Critique Meets Peer Effects\u201d","volume":"81","author":"CARRELL,","year":"2013","journal-title":"Econometrica"},{"key":"2019062814023453800_B21","article-title":"\u201cSignaling, Stigma, and Silence in Social Learning\u201d","author":"CHANDRASEKHAR,","year":"2016","journal-title":"manuscript"},{"key":"2019062814023453800_B22","doi-asserted-by":"crossref","first-page":"425","DOI":"10.1162\/qjec.2009.124.2.425","article-title":"\u201cConspicuous Consumption and Race\u201d","volume":"124","author":"CHARLES,","year":"2009","journal-title":"Quarterly Journal of Economics"},{"key":"2019062814023453800_B23","doi-asserted-by":"crossref","first-page":"79","DOI":"10.2307\/1885060","article-title":"\u201cSignaling Games and Stable Equilibria\u201d","volume":"102","author":"CHO,","year":"1987","journal-title":"Quarterly Journal of Economics"},{"key":"2019062814023453800_B24","volume-title":"The Adolescent Society: The Social Life of the Teenager and Its Impact on Education.","author":"COLEMAN,","year":"1961"},{"key":"2019062814023453800_B25","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1093\/qje\/qjr050","article-title":"\u201cTesting for Altruism and Social Pressure in Charitable Giving\u201d","volume":"127","author":"DELLAVIGNA,","year":"2012","journal-title":"Quarterly Journal of Economics"},{"key":"2019062814023453800_B26","doi-asserted-by":"crossref","first-page":"143","DOI":"10.1093\/restud\/rdw056","article-title":"\u201cVoting to Tell Others\u201d","volume":"84","author":"DELLAVIGNA,","year":"2017","journal-title":"Review of Economic Studies"},{"key":"2019062814023453800_B27","first-page":"158","article-title":"\u201cAre High-Quality Schools Enough to Increase Achievement among the Poor? Evidence from the Harlem Children\u2019s Zone\u201d","volume":"3","author":"DOBBIE,","year":"2011","journal-title":"American Economic Journal: Applied Economics"},{"key":"2019062814023453800_B28","doi-asserted-by":"crossref","first-page":"1739","DOI":"10.1257\/aer.101.5.1739","article-title":"\u201cPeer Effects, Teacher Incentives, and the Impact of Tracking: Evidence from a Randomized Evaluation in Kenya\u201d","volume":"101","author":"DUFLO,","year":"2011","journal-title":"American Economic Review"},{"key":"2019062814023453800_B29","volume-title":"Mindset: The New Psychology of Success","author":"DWECK,","year":"2007"},{"key":"2019062814023453800_B30","doi-asserted-by":"crossref","first-page":"176","DOI":"10.1007\/BF01112192","article-title":"\u201cBlack Students\u2019 School Success: Coping with the \u2018Burden of Acting White\u2019\u201d","volume":"18","author":"FORDHAM,","year":"1986","journal-title":"The Urban Review"},{"key":"2019062814023453800_B31","volume-title":"Choosing the Right Pond: Human Behavior and the Quest for Status","author":"FRANK,","year":"1985"},{"key":"2019062814023453800_B32","doi-asserted-by":"crossref","first-page":"335","DOI":"10.1177\/1043463107080450","article-title":"\u201cA Model of Social Interactions and Endogenous Poverty Traps\u201d","volume":"19","author":"FRYER,","year":"2007","journal-title":"Rationality and Society"},{"key":"2019062814023453800_B33","article-title":"\u201cThe Production of Human Capital in Developed Countries: Evidence from 196 Randomized Field Experiments\u201d","volume-title":"Handbook of Field Experiments,","author":"FRYER,","year":"2017"},{"key":"2019062814023453800_B34","doi-asserted-by":"crossref","first-page":"232","DOI":"10.1257\/aer.103.3.232","article-title":"\u201cAchieving Escape Velocity: Neighborhood and School Interventions to Reduce Persistent Inequality\u201d","volume":"103","author":"FRYER,","year":"2013","journal-title":"American Economic Review"},{"key":"2019062814023453800_B35","doi-asserted-by":"crossref","first-page":"380","DOI":"10.1016\/j.jpubeco.2009.10.011","article-title":"\u201cAn Empirical Analysis of \u2018Acting White\u2019,\u201d","volume":"94","author":"FRYER,","year":"2010","journal-title":"Journal of Public Economics"},{"key":"2019062814023453800_B36","volume-title":"The Urban Villagers: Group and Class in the Life of Italian-Americans","author":"GANS,","year":"1962"},{"key":"2019062814023453800_B37","volume-title":"The Presentation of Self in Everyday Life","author":"GOFFMAN,","year":"1959"},{"key":"2019062814023453800_B38","article-title":"\u201cMany Challenges Arise in Education Students Who Change Schools Frequently\u201d","volume-title":"GAO-11-40","author":"Government Accountability Office (GAO)","year":"2010"},{"key":"2019062814023453800_B39","doi-asserted-by":"crossref","first-page":"233","DOI":"10.1257\/000282804322970788","article-title":"\u201cPublic Housing, Housing Vouchers, and Student Achievement: Evidence from Public Housing Demolitions in Chicago\u201d","volume":"94","author":"JACOB,","year":"2004","journal-title":"American Economic Review"},{"key":"2019062814023453800_B40","doi-asserted-by":"crossref","first-page":"1993","DOI":"10.3982\/ECTA5781","article-title":"\u201cObserving Unobservables: Identifying Information Asymmetries With a Consumer Credit Field Experiment\u201d","volume":"77","author":"KARLAN,","year":"2009","journal-title":"Econometrica"},{"key":"2019062814023453800_B41","doi-asserted-by":"crossref","first-page":"83","DOI":"10.1111\/j.1468-0262.2007.00733.x","article-title":"\u201cExperimental Analysis of Neighborhood Effects\u201d","volume":"75","author":"KLING,","year":"2007","journal-title":"Econometrica"},{"key":"2019062814023453800_B42","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.2568069","article-title":"\u201cBehavioral Economics of Education: Progress and Possibilities\u201d","author":"LAVECCHIA,","year":"2015"},{"key":"2019062814023453800_B43","doi-asserted-by":"crossref","first-page":"311","DOI":"10.1080\/00071005.1991.9973893","article-title":"\u201cAlternative Education: Lessons from Gypsy Thought and Practice\u201d","volume":"39","author":"LEE,","year":"1991","journal-title":"British Journal of Educational Studies"},{"key":"2019062814023453800_B44","doi-asserted-by":"crossref","first-page":"183","DOI":"10.2307\/1882692","article-title":"\u201cBandwagon, Snob, and Veblen Effects in the Theory of Consumers? Demand\u201d","volume":"64","author":"LEIBENSTEIN,","year":"1950","journal-title":"Quarterly Journal of Economics"},{"key":"2019062814023453800_B45","doi-asserted-by":"crossref","DOI":"10.1037\/10019-000","volume-title":"Principles of Topological Psychology","author":"LEWIN,","year":"1936"},{"key":"2019062814023453800_B46","doi-asserted-by":"crossref","first-page":"112","DOI":"10.1257\/aer.99.1.112","article-title":"\u201cPeers at Work\u201d","volume":"99","author":"MAS,","year":"2009","journal-title":"American Economic Review"},{"key":"2019062814023453800_B47","doi-asserted-by":"crossref","first-page":"1533","DOI":"10.1162\/003355303322552865","article-title":"\u201cThe Long-Run Consequences of Living in a Poor Neighborhood\u201d","volume":"118","author":"OREOPOULOS,","year":"2003","journal-title":"Quarterly Journal of Economics"},{"key":"2019062814023453800_B48","doi-asserted-by":"crossref","first-page":"1208","DOI":"10.1086\/692711","article-title":"\u201cPartisan Interactions: Evidence from a Field Experiment in the United States\u201d","volume":"125","author":"PEREZ-TRUGLIA,","year":"2017","journal-title":"Journal of Political Economy"},{"key":"2019062814023453800_B49","article-title":"\u201cUrban R.I. Districts Challenged by Churning\u201d","author":"Providence Journal","year":"2016"},{"key":"2019062814023453800_B50","volume-title":"The Person and the Situation: Perspectives of Social Psychology","author":"ROSS,","year":"1991"},{"key":"2019062814023453800_B51","doi-asserted-by":"crossref","first-page":"681","DOI":"10.1162\/00335530151144131","article-title":"\u201cPeer Effects with Random Assignment: Results for Dartmouth Roommates\u201d","volume":"116","author":"SACERDOTE,","year":"2001","journal-title":"Quarterly Journal of Economics"},{"key":"2019062814023453800_B52","doi-asserted-by":"crossref","first-page":"355","DOI":"10.2307\/1882010","article-title":"\u201cJob Market Signaling\u201d","volume":"87","author":"SPENCE,","year":"1973","journal-title":"Quarterly Journal of Economics"},{"key":"2019062814023453800_B53","volume-title":"The Theory of the Leisure Class","author":"VEBLEN,","year":"1899"},{"key":"2019062814023453800_B54","article-title":"\u201cThousands Move in and Out of Schools During the Year, Creating Disruptions\u201d","author":"WASHINGTON Post","year":"2015"},{"key":"2019062814023453800_B55","doi-asserted-by":"crossref","first-page":"9","DOI":"10.1162\/003465303762687677","article-title":"\u201cPeer Effects in Academic Outcomes: Evidence from a Natural Experiment\u201d","volume":"85","author":"ZIMMERMAN,","year":"2003","journal-title":"Review of Economics and Statistics"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/86\/4\/1487\/28883105\/rdy026.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,8,23]],"date-time":"2022-08-23T20:33:59Z","timestamp":1661286839000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/86\/4\/1487\/5003980"}},"issued":{"date-parts":[[2018,5,25]]},"references-count":55,"journal-issue":{"issue":"4","published-online":{"date-parts":[[2018,5,25]]},"published-print":{"date-parts":[[2019,7,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdy026","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2019,7]]},"published":{"date-parts":[[2018,5,25]]}},{"indexed":{"date-parts":[[2026,4,21]],"date-time":"2026-04-21T04:56:21Z","timestamp":1776747381206,"version":"3.51.2"},"reference-count":45,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"DOI":"10.1111\/j.1467-937x.2009.00596.x","type":"journal-article","created":{"date-parts":[[2010,3,22]],"date-time":"2010-03-22T14:50:41Z","timestamp":1269269441000},"page":"914-936","source":"Crossref","is-referenced-by-count":39,"title":["Equilibrium Asset Prices and Investor Behaviour in the Presence of Money Illusion"],"prefix":"10.1093","volume":"77","author":[{"given":"SULEYMAN","family":"BASAK","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"HONGJUN","family":"YAN","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2010,3,22]]},"reference":[{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB1|cit1","doi-asserted-by":"crossref","first-page":"411","DOI":"10.1257\/00028280260136192","article-title":"\u201cBehavioral Macroeconomics and Macroeconomic Behavior\u201d","volume":"92","author":"AKERLOF","year":"2002","journal-title":"American Economic Review"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB2|cit2","first-page":"708","article-title":"\u201cCan Small Deviations from Rationality Make Significant Differences to Economic Equilibria?\u201d","volume":"75","author":"AKERLOF","year":"1985","journal-title":"American Economic Review"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB3|cit3","doi-asserted-by":"crossref","first-page":"797","DOI":"10.1111\/j.1540-6261.2008.01332.x","article-title":"\u201cThe Term Structure of Real Rates and Expected Inflation\u201d","volume":"63","author":"ANG","year":"2008","journal-title":"Journal of Finance"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB4|cit4","doi-asserted-by":"crossref","first-page":"241","DOI":"10.1093\/rfs\/9.1.241","article-title":"\u201cInflation, Asset Prices, and the Term Structure of Interest Rates in Monetary Economies\u201d","volume":"9","author":"BAKSHI","year":"1996","journal-title":"Review of Financial Studies"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB5|cit5","first-page":"1051","volume-title":"Handbook of the Economics of Finance","author":"BARBERIS","year":"2003"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB6|cit6","doi-asserted-by":"crossref","first-page":"361","DOI":"10.1016\/S0304-3932(97)00027-5","article-title":"\u201cInflation, Real Interest Rates, and the Bond Market: A Study of UK Nominal and Index-Linked Government Bond Prices\u201d","volume":"39","author":"BARR","year":"1997","journal-title":"Journal of Monetary Economics"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB7|cit7","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1111\/1467-9965.00061","article-title":"\u201cCurrency Prices, the Nominal Exchange Rate, and Security Prices in a Two-country Dynamic Monetary Equilibrium\u201d","volume":"9","author":"BASAK","year":"1999","journal-title":"Mathematical Finance"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB8|cit8","doi-asserted-by":"crossref","unstructured":"BASAK , S. YAN , H. 2007 \u201cEquilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion: A Preference-Based Formulation,\u201d","DOI":"10.2139\/ssrn.623561"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB9|cit9","unstructured":"BASU , S. MARKOV , S. SHIVAKUMAR , L. 2005 \u201cDo Financial Analysts Suffer from Inflation Illusion\u201d"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB10|cit10","doi-asserted-by":"crossref","first-page":"135","DOI":"10.1093\/rfs\/hhm043","article-title":"\u201cMoney Illusion and Housing Frenzies\u201d","volume":"21","author":"BRUNNERMEIER","year":"2008","journal-title":"Review of Financial Studies"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB11|cit11","first-page":"803","volume-title":"Handbook of the Economics of Finance","author":"CAMPBELL","year":"2003"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB57|cit12","first-page":"173","volume-title":"Advances in Behavioral Finance","volume":"Vol. II","author":"CAMPBELL","year":"2005"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB13|cit13","doi-asserted-by":"crossref","first-page":"19","DOI":"10.1257\/0002828041301533","article-title":"\u201cInflation Illusion and Stock Prices\u201d","volume":"94","author":"CAMPBELL","year":"2004","journal-title":"American Economic Review Papers and Proceedings"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB14|cit14","doi-asserted-by":"crossref","first-page":"521","DOI":"10.1111\/j.1475-679X.2005.00181.x","article-title":"\u201cInflation Illusion and Post-Earnings-Announcement Drift\u201d","volume":"43","author":"CHORDIA","year":"2005","journal-title":"Journal of Accounting Research"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB15|cit15","first-page":"319","article-title":"\u201cThe Sensitivity of Tests of the Intertemporal Allocation of Consumption to Near-Rational Alternatives\u201d","volume":"79","author":"COCHRANE","year":"1989","journal-title":"American Economic Review"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB16|cit16","first-page":"639","article-title":"\u201cMoney Illusion in the Stock Market: The Modigliani-Cohn Hypothesis\u201d","volume":"120","author":"COHEN","year":"2005","journal-title":"Quarterly Journal of Economics"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB17|cit17","doi-asserted-by":"crossref","first-page":"33","DOI":"10.1016\/0022-0531(89)90067-7","article-title":"\u201cOptimal Consumption and Portfolio Policies when Asset Prices Follow a Diffusion Process\u201d","volume":"49","author":"COX","year":"1989","journal-title":"Journal of Economic Theory"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB18|cit18","doi-asserted-by":"crossref","first-page":"3","DOI":"10.1016\/0304-405X(88)90020-7","article-title":"\u201cDividend Yields and Expected Stock Returns\u201d","volume":"22","author":"FAMA","year":"1988","journal-title":"Journal of Financial Economics"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB19|cit19","doi-asserted-by":"crossref","first-page":"1239","DOI":"10.1257\/aer.91.5.1239","article-title":"\u201cDoes Money Illusion Matter?\u201d","volume":"91","author":"FEHR","year":"2001","journal-title":"American Economic Review"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB20|cit20","doi-asserted-by":"crossref","first-page":"246","DOI":"10.1016\/j.geb.2006.04.005","article-title":"\u201cMoney Illusion and Coordination Failure\u201d","volume":"58","author":"FEHR","year":"2007","journal-title":"Games and Economic Behavior"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB21|cit21","volume-title":"The Money Illusion","author":"FISHER","year":"1928"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB22|cit22","doi-asserted-by":"crossref","first-page":"1233","DOI":"10.1162\/003355301753265561","article-title":"\u201cLoss Aversion and Seller Behavior: Evidence from the Housing Market\u201d","volume":"116","author":"GENESOVE","year":"2001","journal-title":"Quarterly Journal of Economics"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB23|cit23","doi-asserted-by":"crossref","first-page":"1203","DOI":"10.1093\/rfs\/12.5.1203","article-title":"\u201cStock Returns and Inflation with Supply and Demand Disturbances\u201d","volume":"12","author":"HESS","year":"1999","journal-title":"Review of Financial Studies"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB24|cit24","doi-asserted-by":"crossref","first-page":"1149","DOI":"10.1111\/j.1467-937X.2007.00439.x","article-title":"\u201cConsensus Consumer and Intertemporal Asset Pricing with Heterogeneous Beliefs\u201d","volume":"74","author":"JOUINI","year":"2007","journal-title":"Review of Economic Studies"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB25|cit25","doi-asserted-by":"crossref","first-page":"1449","DOI":"10.1257\/000282803322655392","article-title":"\u201cMaps of Bounded Rationality: Psychology for Behavioral Economics\u201d","volume":"93","author":"KAHNEMAN","year":"2003","journal-title":"American Economic Review"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB26|cit26","doi-asserted-by":"crossref","first-page":"1157","DOI":"10.1137\/0325086","article-title":"\u201cOptimal Portfolio and Consumption Decisions for a `Small Investor' on a Finite Horizon\u201d","volume":"25","author":"KARATZAS","year":"1987","journal-title":"SIAM Journal of Control and Optimization"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB27|cit27","doi-asserted-by":"crossref","DOI":"10.1007\/978-1-4684-0302-2","volume-title":"Brownian Motion and Stochastic Calculus","author":"KARATZAS","year":"1988"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB28|cit28","volume-title":"The General Theory of Employment, Interest and Money","author":"KEYNES","year":"1936"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB29|cit29","doi-asserted-by":"crossref","first-page":"192","DOI":"10.2307\/1882507","article-title":"\u201cThe Fundamental Assumptions of Mr. Keynes' Monetary Theory of Unemployment\u201d","volume":"5","author":"LEONTIEF","year":"1936","journal-title":"Quarterly Journal of Economics"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB30|cit30","doi-asserted-by":"crossref","first-page":"97","DOI":"10.2307\/1911512","article-title":"\u201cThe Present-Value Relation: Tests Based on Implied Variance Bounds\u201d","volume":"49","author":"LEROY","year":"1981","journal-title":"Econometrica"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB31|cit31","doi-asserted-by":"crossref","first-page":"57","DOI":"10.1023\/A:1011164615592","article-title":"\u201cA $\\mu$-$\\sigma$-Risk Aversion Paradox and Wealth Dependent Utility\u201d","volume":"23","author":"LOFFLER","year":"2001","journal-title":"Journal of Risk and Uncertainty"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB32|cit32","doi-asserted-by":"crossref","first-page":"529","DOI":"10.2307\/1885395","article-title":"\u201cSmall Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly\u201d","volume":"100","author":"MANKIW","year":"1985","journal-title":"Quarterly Journal of Economics"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB33|cit33","unstructured":"MIAO , J. XIE , D. 2007 \u201cMonetary Policy and Economic Growth under Money Illusion\u201d"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB34|cit34","doi-asserted-by":"crossref","first-page":"24","DOI":"10.2469\/faj.v35.n2.24","article-title":"\u201cInflation, Rational Valuation, and the Market\u201d","volume":"35","author":"MODIGLIANI","year":"1979","journal-title":"Financial Analysts Journal"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB35|cit35","volume-title":"Money, Interest, and Prices","author":"PATINKIN","year":"1965"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB36|cit36","volume-title":"Asset Prices and Monetary Policy","author":"PIAZZESI","year":"2008"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB37|cit37","doi-asserted-by":"crossref","first-page":"335","DOI":"10.1086\/344430","article-title":"\u201cEffect of Face Value on Product Valuation in Foreign Currencies\u201d","volume":"29","author":"RAGHUBIR","year":"2002","journal-title":"Journal of Consumer Research"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB38|cit38","doi-asserted-by":"crossref","first-page":"29","DOI":"10.2307\/3594994","article-title":"\u201cThe Decline of Inflation and the Bull Market of 1982-1999\u201d","volume":"37","author":"RITTER","year":"2002","journal-title":"Journal of Financial and Quantitative Analysis"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB39|cit39","doi-asserted-by":"crossref","first-page":"341","DOI":"10.1162\/003355397555208","article-title":"\u201cMoney Illusion\u201d","volume":"112","author":"SHAFIR","year":"1997","journal-title":"Quarterly Journal of Economics"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB40|cit40","doi-asserted-by":"crossref","first-page":"632","DOI":"10.1162\/003465302760556468","article-title":"\u201cReexamining Stock Valuation and Inflation: The Implications of Analysts' Earnings Forecasts\u201d","volume":"84","author":"SHARPE","year":"2002","journal-title":"Review of Economics and Statistics"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB41|cit41","first-page":"421","article-title":"\u201cDo Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends?\u201d","volume":"71","author":"SHILLER","year":"1981","journal-title":"American Economic Review"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB42|cit42","doi-asserted-by":"crossref","first-page":"159","DOI":"10.2307\/2534703","article-title":"\u201cPublic Resistance to Indexation: A Puzzle\u201d","volume":"1","author":"SHILLER","year":"1997","journal-title":"Brookings Papers on Economic Activity"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB43|cit43","first-page":"1","article-title":"\u201cRationality as Process and as Product of Thought\u201d","volume":"68","author":"SIMON","year":"1978","journal-title":"American Economic Review"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB44|cit44","doi-asserted-by":"crossref","first-page":"698","DOI":"10.1016\/j.socec.2007.01.006","article-title":"\u201cMoney Illusion in Financial Decision Making: The Influence of Nominal Representation of Share Price\u201d","volume":"36","author":"SVEDSATER","year":"2007","journal-title":"Journal of Socio-Economics"},{"key":"10.1111\/j.1467-937X.2009.00596.x-BIB45|cit45","doi-asserted-by":"crossref","first-page":"1935","DOI":"10.1287\/mnsc.1080.0911","article-title":"\u201cNatural Selection in Financial Markets: Does It Work?\u201d","volume":"54","author":"YAN","year":"2008","journal-title":"Management Science"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/77\/3\/914\/18376609\/77-3-914.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,5,27]],"date-time":"2019-05-27T12:23:46Z","timestamp":1558959826000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/j.1467-937X.2009.00596.x"}},"issued":{"date-parts":[[2010,3,22]]},"references-count":45,"journal-issue":{"issue":"3"},"URL":"https:\/\/doi.org\/10.1111\/j.1467-937x.2009.00596.x","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2010,3,22]]}},{"indexed":{"date-parts":[[2026,4,21]],"date-time":"2026-04-21T04:47:32Z","timestamp":1776746852004,"version":"3.51.2"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1973,7]]},"DOI":"10.2307\/2296461","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:16:23Z","timestamp":1150416983000},"page":"419","source":"Crossref","is-referenced-by-count":250,"title":["Afriat and Revealed Preference Theory"],"prefix":"10.1093","volume":"40","author":[{"given":"W. E.","family":"Diewert","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/40\/3\/419\/4523162\/40-3-419.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:29:50Z","timestamp":1503534590000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296461"}},"issued":{"date-parts":[[1973,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1973,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2296461","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1973,7]]}},{"indexed":{"date-parts":[[2026,4,19]],"date-time":"2026-04-19T05:04:56Z","timestamp":1776575096964,"version":"3.51.2"},"reference-count":70,"publisher":"Oxford University Press (OUP)","issue":"5","license":[{"start":{"date-parts":[[2019,12,24]],"date-time":"2019-12-24T00:00:00Z","timestamp":1577145600000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/journals\/pages\/open_access\/funder_policies\/chorus\/standard_publication_model"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2020,10,1]]},"abstract":"<jats:title>Abstract<\/jats:title><jats:p>We study the effects of monetary announcements when agents face Knightian uncertainty about the commitment capacity of the monetary authority. Households are ambiguity averse and differentially exposed to inflation due to differences in wealth. In response to the announcement of a future monetary loosening, only wealthy households (creditors) act as if the announcement will be fully implemented, due to the potential wealth losses from future inflation. As a result the economy responds as if aggregate net wealth falls, which attenuates the effects of the announcement. Redistributing from super-wealthy to middle-wealthy households makes the announcement more expansionary, in the extreme as expansionary as under a fully credible announcement.<\/jats:p>","DOI":"10.1093\/restud\/rdz062","type":"journal-article","created":{"date-parts":[[2019,12,20]],"date-time":"2019-12-20T20:11:44Z","timestamp":1576872704000},"page":"2356-2398","source":"Crossref","is-referenced-by-count":19,"title":["Ambiguous Policy Announcements"],"prefix":"10.1093","volume":"87","author":[{"given":"Claudio","family":"Michelacci","sequence":"first","affiliation":[{"name":"Einaudi Institute for Economics and Finance and CEPR"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Luigi","family":"Paciello","sequence":"additional","affiliation":[{"name":"Einaudi Institute for Economics and Finance and CEPR"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2019,12,24]]},"reference":[{"key":"2020090100522106200_B1","doi-asserted-by":"crossref","first-page":"871","DOI":"10.1111\/jeea.12155","article-title":"Price Level Changes and the Redistribution of Nominal Wealth across the Euro Area","volume":"14","author":"ADAM,","year":"2016","journal-title":"Journal of the European Economic Association"},{"key":"2020090100522106200_B2","volume-title":"Austerity: When It Works and When It Doesn\u2019t","author":"ALESINA,","year":"2019"},{"key":"2020090100522106200_B3","doi-asserted-by":"crossref","DOI":"10.21033\/wp-2018-12","volume-title":"Delphic and Odyssean Monetary Policy Shocks: Evidence from the Euro Area","author":"ANDRADE,","year":"2018"},{"key":"2020090100522106200_B4","first-page":"1","article-title":"Forward Guidance and Heterogeneous Beliefs","volume":"11","author":"ANDRADE,","year":"2019","journal-title":"American Economic Journal: Macroeconomics"},{"key":"2020090100522106200_B5","volume-title":"Forward Guidance without Common Knowledge","author":"ANGELETOS,","year":"2017"},{"key":"2020090100522106200_B6","doi-asserted-by":"crossref","first-page":"505","DOI":"10.1111\/iere.12113","article-title":"Inflation Expectations and Behavior: Do Survey Respondents Act on their Beliefs?","volume":"56","author":"ARMANTIER,","year":"2015","journal-title":"International Economic Review"},{"key":"2020090100522106200_B7","doi-asserted-by":"crossref","first-page":"2333","DOI":"10.1257\/aer.20160137","article-title":"Monetary Policy and the Redistribution Channel","volume":"109","author":"AUCLERT,","year":"2019","journal-title":"American Economic Review"},{"key":"2020090100522106200_B8","volume-title":"A Note on Multipliers in NK Models with GHH Preferences","author":"AUCLERT,","year":"2018"},{"key":"2020090100522106200_B9","doi-asserted-by":"crossref","first-page":"42","DOI":"10.1016\/j.jmoneco.2014.12.005","article-title":"Risk and Ambiguity in Models of Business Cycles","volume":"69","author":"BACKUS,","year":"2015","journal-title":"Journal of Monetary Economics"},{"key":"2020090100522106200_B10","doi-asserted-by":"crossref","first-page":"773","DOI":"10.1111\/0022-1082.00226","article-title":"Trading is Hazardous to your Wealth: The Common Stock Investment Performance of Individual Investors","volume":"55","author":"BARBER,","year":"2000","journal-title":"Journal of Finance"},{"key":"2020090100522106200_B11","doi-asserted-by":"crossref","first-page":"1095","DOI":"10.1086\/260266","article-title":"Are Government Bonds Net Wealth?","volume":"82","author":"BARRO,","year":"1974","journal-title":"Journal of Political Economy"},{"key":"2020090100522106200_B12","doi-asserted-by":"crossref","first-page":"488","DOI":"10.1016\/j.jet.2018.10.007","article-title":"The Signaling Effect of Raising Inflation","volume":"178","author":"BARTHELEMY,","year":"2018","journal-title":"Journal of Economic Theory"},{"key":"2020090100522106200_B13","doi-asserted-by":"crossref","DOI":"10.3386\/w15227","volume-title":"Costly Portfolio Adjustment","author":"BONAPARTE,","year":"2009"},{"key":"2020090100522106200_B14","doi-asserted-by":"crossref","first-page":"541","DOI":"10.1162\/qjec.2006.121.2.541","article-title":"Globalization and the Gains from Variety","volume":"121","author":"BRODA,","year":"2006","journal-title":"Quarterly Journal of Economics"},{"key":"2020090100522106200_B15","doi-asserted-by":"crossref","first-page":"15","DOI":"10.1257\/000282803321455142","article-title":"Why Don\u2019t Prices Rise during Periods of Peak Demand? Evidence from Scanner Data","volume":"93","author":"CHEVALIER,","year":"2003","journal-title":"American Economic Review"},{"key":"2020090100522106200_B16","doi-asserted-by":"crossref","first-page":"78","DOI":"10.1086\/659312","article-title":"When is the Government Spending Multiplier Large?","volume":"119","author":"CHRISTIANO,","year":"2011","journal-title":"Journal of Political Economy"},{"key":"2020090100522106200_B17","volume-title":"The Usefulness of Forward Guidance","author":"COEUR\u00c9,","year":"2013"},{"key":"2020090100522106200_B18","first-page":"174","article-title":"Rules Rather than Discretion: The Inconsistency of Optimal Plans","volume":"118","author":"COOLEY,","year":"2004","journal-title":"Journal of Economic Theory"},{"key":"2020090100522106200_B19","volume-title":"The Forward Guidance Puzzle","author":"DEL NEGRO,","year":"2015"},{"key":"2020090100522106200_B20","doi-asserted-by":"crossref","first-page":"559","DOI":"10.1016\/j.jfineco.2016.01.003","article-title":"Ambiguity Aversion and Household Portfolio Choice Puzzles: Empirical Evidence","volume":"119","author":"DIMMOCK,","year":"2016","journal-title":"Journal of Financial Economics"},{"key":"2020090100522106200_B21","volume-title":"Triumph of the Optimists: 101 Years of Global Investment Returns","author":"DIMSON,","year":"2009"},{"key":"2020090100522106200_B22","first-page":"297","article-title":"Monopolistic Competition and Optimum Product Diversity","volume":"67","author":"DIXIT,","year":"1977","journal-title":"The American Economic Review"},{"key":"2020090100522106200_B23","doi-asserted-by":"crossref","first-page":"1069","DOI":"10.1086\/508379","article-title":"Inflation and the Redistribution of Nominal Wealth","volume":"114","author":"DOEPKE,","year":"2006","journal-title":"Journal of Political Economy"},{"key":"2020090100522106200_B24","first-page":"65","article-title":"The ECB\u2019s Forward Guidance","year":"2014","journal-title":"Monthly Bulletin April"},{"key":"2020090100522106200_B25","article-title":"Euro Money Market Study 2014","volume-title":"European Central Bank","year":"2015"},{"key":"2020090100522106200_B26","doi-asserted-by":"crossref","first-page":"139","DOI":"10.1353\/eca.2003.0010","article-title":"Zero Bound on Interest Rates and Optimal Monetary Policy","volume":"2003","author":"EGGERTSSON,","year":"2003","journal-title":"Brookings Papers on Economic Activity"},{"key":"2020090100522106200_B27","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/S0022-0531(03)00097-8","article-title":"Recursive Multiple-Priors","volume":"113","author":"EPSTEIN,","year":"2003","journal-title":"Journal of Economic Theory"},{"key":"2020090100522106200_B28","doi-asserted-by":"crossref","first-page":"3887","DOI":"10.1257\/aer.20171400","article-title":"Monetary Policy, Bounded Rationality, and Incomplete Markets","volume":"109","author":"FARHI,","year":"2019","journal-title":"American Economic Review"},{"key":"2020090100522106200_B29","doi-asserted-by":"crossref","first-page":"337","DOI":"10.2307\/1907327","article-title":"The Debt-Deflation Theory of Great Depressions","volume":"1","author":"FISHER,","year":"1933","journal-title":"Econometrica"},{"key":"2020090100522106200_B30","doi-asserted-by":"crossref","DOI":"10.3386\/w22954","article-title":"A Behavioral New Keynesian Model","author":"GABAIX,","year":"2016"},{"key":"2020090100522106200_B31","first-page":"42","article-title":"Rational Inattention to News: The Perils of Forward Guidance","volume":"8","author":"GABALLO,","year":"2016","journal-title":"American Economic Journal: Maxroeconomics"},{"key":"2020090100522106200_B32","doi-asserted-by":"crossref","first-page":"86","DOI":"10.1257\/aer.20170110","article-title":"Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis","volume":"109","author":"GARCIA-SCHMIDT,","year":"2019","journal-title":"American Economic Review"},{"key":"2020090100522106200_B33","first-page":"379","article-title":"Expectations and Investment","volume-title":"NBER Macroeconomics Annual 2015","author":"GENNAIOLI,","year":"2016"},{"key":"2020090100522106200_B34","doi-asserted-by":"crossref","first-page":"141","DOI":"10.1016\/0304-4068(89)90018-9","article-title":"Maxmin Expected Utility with Non-unique Prior","volume":"18","author":"GILBOA,","year":"1989","journal-title":"Journal of Mathematical Economics"},{"key":"2020090100522106200_B35","volume-title":"Social Insurance, Information Revelation, and Lack of Commitment","author":"GOLOSOV,","year":"2017"},{"key":"2020090100522106200_B36","first-page":"283","article-title":"Optimal Fiscal and Monetary Policy (without Commitment)","volume-title":"Monetary Economics","author":"GOLOSOV,","year":"2010"},{"key":"2020090100522106200_B37","first-page":"402","article-title":"Investment, Capacity Utilization, and the Real Business Cycle","volume":"78","author":"GREENWOOD,","year":"1988","journal-title":"American Economic Review"},{"key":"2020090100522106200_B38","doi-asserted-by":"crossref","first-page":"247","DOI":"10.1093\/epolic\/eiw003","article-title":"Monnet\u2019s Error?","volume":"31","author":"GUISO,","year":"2016","journal-title":"Economic Policy"},{"key":"2020090100522106200_B39","doi-asserted-by":"crossref","first-page":"1451","DOI":"10.1016\/j.jmoneco.2005.06.001","article-title":"Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective","volume":"53","author":"GUVENEN,","year":"2006","journal-title":"Journal of Monetary Economics"},{"key":"2020090100522106200_B40","doi-asserted-by":"crossref","first-page":"511","DOI":"10.1214\/16-STS570","article-title":"Ambiguity Aversion and Model Misspecification: An Economic Perspective","volume":"31","author":"HANSEN,","year":"2016","journal-title":"Statistical Science"},{"key":"2020090100522106200_B41","doi-asserted-by":"crossref","first-page":"60","DOI":"10.1257\/aer.91.2.60","article-title":"Robust Control and Model Uncertainty","volume":"91","author":"HANSEN,","year":"2001","journal-title":"American Economic Review"},{"key":"2020090100522106200_B42","doi-asserted-by":"crossref","DOI":"10.1515\/9781400829385","volume-title":"Robustness","author":"HANSEN,","year":"2008"},{"key":"2020090100522106200_B43","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.2358467","volume-title":"Micro and Macro Analysis on Household Income, Wealth and Saving in the Euro Area","author":"HONKKILA,","year":"2013"},{"key":"2020090100522106200_B44","doi-asserted-by":"crossref","first-page":"543","DOI":"10.1146\/annurev.economics.050708.142955","article-title":"Subjective Probabilities in Household Surveys","volume":"1","author":"HURD,","year":"2009","journal-title":"Annual Review of Economics"},{"key":"2020090100522106200_B45","volume-title":"Uncertainty Aversion and Heterogeneous Beliefs in Linear Models","author":"ILUT,","year":"2016"},{"key":"2020090100522106200_B46","doi-asserted-by":"crossref","first-page":"2368","DOI":"10.1257\/aer.104.8.2368","article-title":"Ambiguous Business Cycles","volume":"104","author":"ILUT,","year":"2014","journal-title":"American Economic Review"},{"key":"2020090100522106200_B47","doi-asserted-by":"crossref","DOI":"10.3386\/w22958","volume-title":"Learning, Confidence, and Business Cycles","author":"ILUT,","year":"2016"},{"key":"2020090100522106200_B48","volume-title":"Quantitative Easing without Rational Expectations","author":"IOVINO,","year":"2017"},{"key":"2020090100522106200_B49","volume-title":"A Note on Unconventional Monetary Policy in HANK","author":"KAPLAN,","year":"2016"},{"key":"2020090100522106200_B50","doi-asserted-by":"crossref","first-page":"697","DOI":"10.1257\/aer.20160042","article-title":"Monetary Policy According to Hank","volume":"108","author":"KAPLAN,","year":"2018","journal-title":"American Economic Review"},{"key":"2020090100522106200_B51","doi-asserted-by":"crossref","first-page":"464","DOI":"10.1257\/jel.50.2.464","article-title":"Micro and Macro Labor Supply Elasticities: A Reassessment of Conventional Wisdom","volume":"50","author":"KEANE,","year":"2012","journal-title":"Journal of Economic Literature"},{"key":"2020090100522106200_B52","doi-asserted-by":"crossref","DOI":"10.3386\/w17614","volume-title":"Household Stock Market Beliefs and Learning","author":"K\u00c9ZDI,","year":"2011"},{"key":"2020090100522106200_B53","doi-asserted-by":"crossref","first-page":"195","DOI":"10.1016\/0304-3932(88)90030-X","article-title":"Production, Growth and Business Cycles. I. The Basic Neoclassical Model","volume":"21","author":"KING,","year":"1988","journal-title":"Journal of Monetary Economics"},{"key":"2020090100522106200_B54","doi-asserted-by":"crossref","first-page":"87","DOI":"10.1023\/A:1020529028761","article-title":"Production, Growth and Business Cycles: Technical Appendix","volume":"20","author":"KING,","year":"2002","journal-title":"Computational Economics"},{"key":"2020090100522106200_B55","doi-asserted-by":"crossref","first-page":"1849","DOI":"10.1111\/j.1468-0262.2005.00640.x","article-title":"A Smooth Model of Decision Making under Ambiguity","volume":"73","author":"KLIBANOFF,","year":"2005","journal-title":"Econometrica"},{"key":"2020090100522106200_B56","doi-asserted-by":"crossref","first-page":"473","DOI":"10.1086\/260580","article-title":"Rules Rather than Discretion: The Inconsistency of Optimal Plans","volume":"85","author":"KYDLAND,","year":"1977","journal-title":"Journal of Political Economy"},{"key":"2020090100522106200_B57","doi-asserted-by":"crossref","first-page":"1447","DOI":"10.1111\/j.1468-0262.2006.00716.x","article-title":"Ambiguity Aversion, Robustness, and the Variational Representation of Preferences","volume":"74","author":"MACCHERONI,","year":"2006","journal-title":"Econometrica"},{"key":"2020090100522106200_B58","doi-asserted-by":"crossref","DOI":"10.3386\/w20882","volume-title":"The Power of Forward Guidance Revisited","author":"MCKAY,","year":"2015"},{"key":"2020090100522106200_B59","doi-asserted-by":"crossref","first-page":"651","DOI":"10.1080\/00036846.2018.1506085","article-title":"Inflation Surprises and Inflation Expectations in the Euro Area","volume":"51","author":"MICCOLI,","year":"2019","journal-title":"Applied Economics"},{"key":"2020090100522106200_B60","first-page":"307","article-title":"Measuring Market Power in the Ready-to-eat Cereal Industry","volume":"69","author":"NEVO,","year":"2001","journal-title":"American Economic Review"},{"key":"2020090100522106200_B61","doi-asserted-by":"crossref","first-page":"129","DOI":"10.1002\/ijfe.1572","article-title":"Pricing the ECB\u2019s Forward Guidance with the EONIA Swap Curve","volume":"22","author":"PICAULT,","year":"2017","journal-title":"International Journal of Finance and Economics"},{"key":"2020090100522106200_B62","doi-asserted-by":"crossref","first-page":"11","DOI":"10.1016\/0167-2231(86)90035-7","article-title":"Theory ahead of business-cycle measurement","volume":"25","author":"PRESCOTT,","year":"1986","journal-title":"Carnegie-Rochester conference series on public policy"},{"key":"2020090100522106200_B63","doi-asserted-by":"crossref","first-page":"11","DOI":"10.1016\/0167-2231(86)90035-7","article-title":"Theory Ahead of Business Cycle Measurement","volume":"25","author":"PRESCOTT,","year":"1986","journal-title":"Carnegie-Rochester Series on Public Policy"},{"key":"2020090100522106200_B64","article-title":"Essay on the Funding System","volume-title":"The Works of David Ricardo","author":"RICARDO,","year":"1888"},{"key":"2020090100522106200_B65","doi-asserted-by":"crossref","first-page":"1187","DOI":"10.1086\/261117","article-title":"Sticky Prices in the United States","volume":"90","author":"ROTEMBERG,","year":"1982","journal-title":"Journal of Political Economy"},{"key":"2020090100522106200_B66","doi-asserted-by":"crossref","first-page":"47","DOI":"10.3982\/ECTA8155","article-title":"Axiomatic foundations of multiplier preferences","volume":"79","author":"STRZALECKI,","year":"2011","journal-title":"Econometrica"},{"key":"2020090100522106200_B67","author":"TOBIN,","year":"1982","journal-title":"Asset Accumulation and Economic Activity: Reflections on Contemporary Macroeconomic Theory"},{"key":"2020090100522106200_B68","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.3383452","volume-title":"Inflation Expectations and Choices of Households","author":"VELLEKOOP,","year":"2019"},{"key":"2020090100522106200_B69","doi-asserted-by":"crossref","DOI":"10.3386\/w21448","volume-title":"Incomplete Markets and Aggregate Demand","author":"WERNING,","year":"2015"},{"key":"2020090100522106200_B70","volume-title":"Empirical Properties of Inflation Expectations and the Zero Lower Bound","author":"WIEDERHOLT,","year":"2014"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdz062\/31721654\/rdz062.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/87\/5\/2356\/33702183\/rdz062.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/87\/5\/2356\/33702183\/rdz062.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,10,9]],"date-time":"2022-10-09T05:02:16Z","timestamp":1665291736000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/87\/5\/2356\/5686395"}},"issued":{"date-parts":[[2019,12,24]]},"references-count":70,"journal-issue":{"issue":"5","published-online":{"date-parts":[[2019,12,24]]},"published-print":{"date-parts":[[2020,10,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdz062","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2020,10]]},"published":{"date-parts":[[2019,12,24]]}},{"indexed":{"date-parts":[[2026,4,11]],"date-time":"2026-04-11T09:54:09Z","timestamp":1775901249713,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1977,10]]},"DOI":"10.2307\/2296904","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:25:33Z","timestamp":1150403133000},"page":"511","source":"Crossref","is-referenced-by-count":376,"title":["A Bidding Model of Perfect Competition"],"prefix":"10.1093","volume":"44","author":[{"given":"Robert","family":"Wilson","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/44\/3\/511\/4419019\/44-3-511.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T20:57:41Z","timestamp":1503521861000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296904"}},"issued":{"date-parts":[[1977,10]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1977,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2296904","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1977,10]]}},{"indexed":{"date-parts":[[2026,4,13]],"date-time":"2026-04-13T09:15:00Z","timestamp":1776071700769,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1990,7]]},"DOI":"10.2307\/2298017","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:07:25Z","timestamp":1150420045000},"page":"331","source":"Crossref","is-referenced-by-count":71,"title":["Strategic Models of Sovereign-Debt Renegotiations"],"prefix":"10.1093","volume":"57","author":[{"given":"Raquel","family":"Fernandez","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Robert W.","family":"Rosenthal","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/57\/3\/331\/4446927\/57-3-331.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T02:48:48Z","timestamp":1503542928000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2298017"}},"issued":{"date-parts":[[1990,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1990,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2298017","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1990,7]]}},{"indexed":{"date-parts":[[2026,4,14]],"date-time":"2026-04-14T01:49:13Z","timestamp":1776131353938,"version":"3.50.1"},"reference-count":45,"publisher":"Oxford University Press (OUP)","issue":"6","license":[{"start":{"date-parts":[[2023,2,18]],"date-time":"2023-02-18T00:00:00Z","timestamp":1676678400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/pages\/standard-publication-reuse-rights"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2023,11,8]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>Left-digit bias (or 99-cent pricing) has been discussed extensively in economics, psychology, and marketing. Despite this, we show that the rideshare company, Lyft, was not using a 99-cent pricing strategy prior to our study. Based on observational data from over 600 million Lyft sessions followed by a field experiment conducted with 21 million Lyft passengers, we provide evidence of large discontinuities in demand at dollar values. Approximately half of the downward slope of the demand curve occurs discontinuously as the price of a ride drops below a dollar value (e.g. $14.00 to $13.99). If our short-run estimates persist in the longer run, we calculate that Lyft could increase its profits by roughly $160M per year by employing a left-digit bias pricing strategy. Our results showcase the robustness of an important behavioral bias for a large, modern company and its persistence in a highly competitive market.<\/jats:p>","DOI":"10.1093\/restud\/rdad014","type":"journal-article","created":{"date-parts":[[2023,2,18]],"date-time":"2023-02-18T19:37:21Z","timestamp":1676749041000},"page":"3186-3237","source":"Crossref","is-referenced-by-count":20,"title":["Left-Digit Bias at Lyft"],"prefix":"10.1093","volume":"90","author":[{"given":"John A","family":"List","sequence":"first","affiliation":[{"name":"Department of Economics, University of Chicago, Australian National University, ex-Lyft Chief Economist, and NBER"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Ian","family":"Muir","sequence":"additional","affiliation":[{"name":"ex-Director of the Department of Economics, Lyft"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Devin","family":"Pope","sequence":"additional","affiliation":[{"name":"Booth School of Business, University of Chicago and NBER"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Gregory","family":"Sun","sequence":"additional","affiliation":[{"name":"Olin Business School, Washington University in St. Louis"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2023,2,18]]},"reference":[{"key":"2023111001040751000_rdad014-B1","doi-asserted-by":"crossref","DOI":"10.1023\/A:1023581927405","article-title":"Effects of $9 Price Endings on Retail Sales: Evidence from Field Experiments","volume":"1","author":"Anderson","year":"2003","journal-title":"Quantitative Marketing and Economics"},{"key":"2023111001040751000_rdad014-B2","doi-asserted-by":"crossref","first-page":"467","DOI":"10.2307\/2951620","article-title":"Identification and Estimation of Local Average Treatment Effects","volume":"62","author":"Angrist","year":"1994","journal-title":"Econometrica"},{"key":"2023111001040751000_rdad014-B3","doi-asserted-by":"crossref","first-page":"499","DOI":"10.1111\/1467-937X.00141","article-title":"The Interpretation of Instrumental Variables Estimators in Simultaneous Equation Models with an Application to the Demand for Fish","volume":"67","author":"Angrist","year":"2000","journal-title":"Review of Economic Studies"},{"key":"2023111001040751000_rdad014-B4","doi-asserted-by":"crossref","first-page":"293","DOI":"10.1016\/j.jet.2015.04.010","article-title":"Which Demand Systems Can be Generated by Discrete Choice?","volume":"158","author":"Armstrong","year":"2015","journal-title":"Journal of Economic Theory"},{"key":"2023111001040751000_rdad014-B5","doi-asserted-by":"publisher","DOI":"10.2139\/ssrn.2538816","article-title":"Left-Digit Bias and Inattention in Retail Prices: Evidence from a Field Experiment","author":"Ashton","year":"2014","journal-title":"SSRN Electronic Journal"},{"key":"2023111001040751000_rdad014-B6","doi-asserted-by":"crossref","first-page":"41","DOI":"10.1016\/S0165-1765(97)00009-8","article-title":"Why Are So Many Goods Priced to End in Nine? And Why This Practice Hurts the Producers","volume":"54","author":"Basu","year":"1997","journal-title":"Economics Letters"},{"key":"2023111001040751000_rdad014-B7","first-page":"125","article-title":"Consumer Cognition and Pricing in the Nines in Oligopolistic Markets","volume":"15","author":"Basu","year":"2006","journal-title":"Journal of Economics & Management Strategy"},{"key":"2023111001040751000_rdad014-B8","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1086\/258584","article-title":"Irrational Behavior and Economic Theory","volume":"70","author":"Becker","year":"1962","journal-title":"Journal of Political Economy"},{"key":"2023111001040751000_rdad014-B9","doi-asserted-by":"crossref","first-page":"1351","DOI":"10.1162\/qjec.2007.122.4.1351","article-title":"Measuring and Explaining Management Practices Across Firms and Countries","volume":"122","author":"Bloom","year":"2007","journal-title":"The Quarterly Journal of Economics"},{"key":"2023111001040751000_rdad014-B10","doi-asserted-by":"crossref","first-page":"220","DOI":"10.1257\/aer.103.1.220","article-title":"Are Consumers Myopic? Evidence from New and Used Car Purchases","volume":"103","author":"Busse","year":"2013","journal-title":"American Economic Review"},{"key":"2023111001040751000_rdad014-B11","doi-asserted-by":"crossref","first-page":"497","DOI":"10.1016\/j.jretai.2012.05.001","article-title":"Product Category Pricing and Future Price Attractiveness: 99-Ending Pricing in a Memory-Based Context","volume":"88","author":"Carver","year":"2012","journal-title":"Journal of Retailing"},{"key":"2023111001040751000_rdad014-B12","doi-asserted-by":"crossref","first-page":"1145","DOI":"10.1257\/aer.99.4.1145","article-title":"Salience and Taxation: Theory and Evidence","volume":"99","author":"Chetty","year":"2009","journal-title":"American Economic Review"},{"key":"2023111001040751000_rdad014-B13","author":"Cohen","year":"2016"},{"key":"2023111001040751000_rdad014-B14","doi-asserted-by":"crossref","first-page":"1217","DOI":"10.1257\/aer.97.4.1217","article-title":"Projection Bias in Catalog Orders","volume":"97","author":"Conlin","year":"2007","journal-title":"American Economic Review"},{"key":"2023111001040751000_rdad014-B41","first-page":"111","article-title":"Discrete Prices and the Incidence and Efficiency of Excise Taxes","volume":"12","author":"Conlon","year":"2020","journal-title":"American Economic Journal: Economic Policy"},{"key":"2023111001040751000_rdad014-B15","article-title":"Psychology and Economics: Evidence from the Field","volume":"44","author":"DellaVigna","year":"2009","journal-title":"Journal of Economic Literature"},{"key":"2023111001040751000_rdad014-B16","doi-asserted-by":"publisher","DOI":"10.2139\/ssrn.3367978","article-title":"Uniform Pricing in US Retail Chains","author":"DellaVigna","year":"2019","journal-title":"SSRN Electronic Journal"},{"key":"2023111001040751000_rdad014-B17","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1093\/qje\/qjr050","article-title":"Testing for Altruism and Social Pressure in Charitable Giving","volume":"127","author":"DellaVigna","year":"2012","journal-title":"The Quarterly journal of Economics"},{"key":"2023111001040751000_rdad014-B18","doi-asserted-by":"crossref","first-page":"143","DOI":"10.1093\/restud\/rdw056","article-title":"Voting to Tell Others","volume":"84","author":"Dellavigna","year":"2016","journal-title":"The Review of Economic Studies"},{"key":"2023111001040751000_rdad014-B19","author":"Dellavigna","year":"2016"},{"key":"2023111001040751000_rdad014-B20","doi-asserted-by":"crossref","first-page":"353","DOI":"10.1162\/0033553041382111","article-title":"Contract Design and Self-Control: Theory and Evidence","volume":"119","author":"DellaVigna","year":"2004","journal-title":"The Quarterly Journal of Economics"},{"key":"2023111001040751000_rdad014-B42","author":"Dube","year":"2020"},{"key":"2023111001040751000_rdad014-B21","article-title":"Price Discontinuities in an Online Market for Used Cars","volume":"64","author":"Englmaier","year":"2017","journal-title":"Management Science"},{"key":"2023111001040751000_rdad014-B22","doi-asserted-by":"crossref","first-page":"122","DOI":"10.1016\/j.jpubeco.2016.10.006","article-title":"Optimal Taxation When People Do Not Maximize Well-Being","volume":"144","author":"Gerritsen","year":"2015","journal-title":"Journal of Public Economics"},{"key":"2023111001040751000_rdad014-B23","doi-asserted-by":"crossref","first-page":"3130","DOI":"10.1257\/aer.101.7.3130","article-title":"Who Thinks about the Competition? Managerial Ability and Strategic Entry in US Local Telephone Markets","volume":"101","author":"Goldfarb","year":"2011","journal-title":"American Economic Review"},{"key":"2023111001040751000_rdad014-B24","doi-asserted-by":"crossref","DOI":"10.1007\/b97848","volume-title":"A Distribution-Free Theory of Nonparametric Regression","author":"Gy\u00f6rfi","year":"2002"},{"key":"2023111001040751000_rdad014-B25","doi-asserted-by":"crossref","first-page":"1311","DOI":"10.1093\/qje\/qju015","article-title":"Learning Through Noticing: Theory and Evidence from a Field Experiment","volume":"129","author":"Hanna","year":"2014","journal-title":"The Quarterly Journal of Economics"},{"key":"2023111001040751000_rdad014-B26","doi-asserted-by":"crossref","first-page":"1009","DOI":"10.1257\/0022051043004577","article-title":"Field Experiments","volume":"42","author":"Harrison","year":"2004","journal-title":"Journal of Economic Literature"},{"key":"2023111001040751000_rdad014-B43","author":"Hilger","year":"2018"},{"key":"2023111001040751000_rdad014-B27","doi-asserted-by":"crossref","first-page":"86","DOI":"10.1111\/j.0741-6261.2008.00005.x","article-title":"Understanding Strategic Bidding in Multi-Unit Auctions: A Case Study of the Texas Electricity Spot Market","volume":"39","author":"Horta\u00e7su","year":"2008","journal-title":"RAND Journal of Economics"},{"key":"2023111001040751000_rdad014-B28","doi-asserted-by":"crossref","first-page":"104","DOI":"10.1111\/j.1465-7295.2008.00136.x","article-title":"That\u2019s News To Me! Information Revelation In Professional Certification Markets","volume":"48","author":"Jin","year":"2010","journal-title":"Economic Inquiry, Western Economic Association International"},{"key":"2023111001040751000_rdad014-B29","first-page":"575","article-title":"Estimating the Effect of Salience in Wholesale and Retail Car Markets","volume":"103","author":"Lacetera","year":"2012","journal-title":"American Economic Review"},{"key":"2023111001040751000_rdad014-B30","author":"Laibson","year":"2007"},{"key":"2023111001040751000_rdad014-B31","doi-asserted-by":"crossref","first-page":"41","DOI":"10.1162\/00335530360535144","article-title":"Does Market Experience Eliminate Market Anomalies?","volume":"118","author":"List","year":"2003","journal-title":"The Quarterly Journal of Economics"},{"key":"2023111001040751000_rdad014-B32","doi-asserted-by":"crossref","first-page":"1131","DOI":"10.1086\/422564","article-title":"Testing Neoclassical Competitive Theory in Multilateral Decentralized Markets","volume":"112","author":"List","year":"2004","journal-title":"Journal of Political Economy"},{"key":"2023111001040751000_rdad014-B33","author":"List","year":"2022"},{"key":"2023111001040751000_rdad014-B34","doi-asserted-by":"crossref","first-page":"1479","DOI":"10.1287\/mnsc.1120.1657","article-title":"The Loser\u2019s Curse: Decision Making and Market Efficiency in the National Football League Draft","volume":"59","author":"Massey","year":"2013","journal-title":"Management Science"},{"key":"2023111001040751000_rdad014-B44","volume-title":"Prospect Theory in the Housing Market","author":"Meng","year":"2020"},{"key":"2023111001040751000_rdad014-B35","volume-title":"Machine Learning: A Probabalistic Perspective","author":"Murphy","year":"2012"},{"key":"2023111001040751000_rdad014-B36","article-title":"Revisiting Regression Adjustment in Experiments with Heterogeneous Treatment Effects","author":"Negi","year":"2019","journal-title":"Econometric Reviews"},{"key":"2023111001040751000_rdad014-B45","doi-asserted-by":"crossref","first-page":"3261","DOI":"10.1093\/jeea\/jvz065","article-title":"The Price of Inattention: Evidence from the Swedish Housing Market","volume":"18","author":"Repetto","year":"2020","journal-title":"Journal of the European Economic Association"},{"key":"2023111001040751000_rdad014-B37","volume-title":"Models of Man","author":"Simon","year":"1957"},{"key":"2023111001040751000_rdad014-B38","doi-asserted-by":"crossref","first-page":"1617","DOI":"10.1287\/mnsc.46.12.1617.12078","article-title":"Price-Endings when Prices Signal Quality","volume":"46","author":"Stiving","year":"2000","journal-title":"Management Science"},{"key":"2023111001040751000_rdad014-B39","doi-asserted-by":"crossref","first-page":"57","DOI":"10.1086\/209493","article-title":"An Empirical analysis of Price Endings with Scanner Data","volume":"24","author":"Stiving","year":"1997","journal-title":"Journal of Consumer Research"},{"key":"2023111001040751000_rdad014-B40","doi-asserted-by":"publisher","DOI":"10.2139\/ssrn.3413019","article-title":"More Than a Penny\u2019s Worth: Left-Digit Bias and Firm Pricing","author":"Strulov-Shlain","year":"2021","journal-title":"SSRN Electronic Journal"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdad014\/50448594\/rdad014.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/90\/6\/3186\/52976789\/rdad014.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/90\/6\/3186\/52976789\/rdad014.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,11,10]],"date-time":"2023-11-10T01:06:02Z","timestamp":1699578362000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/90\/6\/3186\/7045819"}},"issued":{"date-parts":[[2023,2,18]]},"references-count":45,"journal-issue":{"issue":"6","published-online":{"date-parts":[[2023,2,18]]},"published-print":{"date-parts":[[2023,11,8]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdad014","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2023,11]]},"published":{"date-parts":[[2023,2,18]]}},{"indexed":{"date-parts":[[2026,4,26]],"date-time":"2026-04-26T09:44:58Z","timestamp":1777196698354,"version":"3.51.4"},"reference-count":42,"publisher":"Oxford University Press (OUP)","issue":"1","license":[{"start":{"date-parts":[[2025,3,21]],"date-time":"2025-03-21T00:00:00Z","timestamp":1742515200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/pages\/standard-publication-reuse-rights"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2026,1,13]]},"abstract":"<jats:title>Abstract<\/jats:title>\n                  <jats:p>We study identification and inference in first-price auctions with risk-averse bidders and selective entry, building on a flexible framework we call the Affiliated Signal with Risk Aversion (AS-RA) model. Assuming exogenous variation in either the number of potential bidders (N) or a continuous instrument (z) shifting opportunity costs of entry, we provide a sharp characterization of the nonparametric restrictions implied by equilibrium bidding. This characterization implies that risk neutrality is nonparametrically testable. In addition, with sufficient variation in both N and z, the AS-RA model primitives are nonparametrically identified (up to a bounded constant) on their equilibrium domains. Finally, we explore new methods for inference in set-identified auction models based on Chen et al. (2018, Econometrica, vol. 86, 1965\u20132018), as well as novel and fast computational strategies using Mathematical Programming with Equilibrium Constraints. Simulation studies reveal the good finite-sample performance of our inference methods, which can readily be adapted to other set-identified flexible equilibrium models with parameter-dependent support.<\/jats:p>","DOI":"10.1093\/restud\/rdaf016","type":"journal-article","created":{"date-parts":[[2025,3,11]],"date-time":"2025-03-11T08:28:31Z","timestamp":1741681711000},"page":"366-403","source":"Crossref","is-referenced-by-count":2,"title":["Identification and Inference in First-Price Auctions with Risk-Averse Bidders and Selective Entry"],"prefix":"10.1093","volume":"93","author":[{"given":"Xiaohong","family":"Chen","sequence":"first","affiliation":[{"name":"Department of Economics, Yale University ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Matthew","family":"Gentry","sequence":"additional","affiliation":[{"name":"Department of Economics, Florida State University ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Tong","family":"Li","sequence":"additional","affiliation":[{"name":"Department of Economics, Vanderbilt University ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Jingfeng","family":"Lu","sequence":"additional","affiliation":[{"name":"Department of Economics, National University of Singapore ,","place":["Singapore"]}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2025,3,21]]},"reference":[{"key":"2026011312491878300_rdaf016-B1","doi-asserted-by":"crossref","first-page":"809","DOI":"10.3982\/QE469","article-title":"Identification of Time and Risk Preferences in Buy-Price Auctions","volume":"8","author":"Ackerberg","year":"2017","journal-title":"Quantitative Economics"},{"key":"2026011312491878300_rdaf016-B2","doi-asserted-by":"crossref","first-page":"1","DOI":"10.3982\/ECTA14030","article-title":"Quantile Selection Models with an Application to Understanding Changes in Wage Inequality","volume":"85","author":"Arellano","year":"2017","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026011312491878300_rdaf016-B3","doi-asserted-by":"crossref","first-page":"375","DOI":"10.1086\/319558","article-title":"Information and Competition in U.S. Forest Service Timber Auctions","volume":"109","author":"Athey","year":"2001","journal-title":"Journal of Political Economy"},{"key":"2026011312491878300_rdaf016-B4","doi-asserted-by":"crossref","first-page":"207","DOI":"10.1093\/qje\/qjq001","article-title":"Comparing Open and Sealed bid Auctions: Evidence from Timber Auctions","volume":"126","author":"Athey","year":"2011","journal-title":"The Quarterly Journal of Economics"},{"key":"2026011312491878300_rdaf016-B5","doi-asserted-by":"crossref","first-page":"329","DOI":"10.2307\/1593721","article-title":"The Winner\u2019s Curse, Reserve Prices, and Endogenous Entry: Empirical Insights from EBay Auctions","volume":"34","author":"Bajari","year":"2003","journal-title":"The Rand Journal of Economics"},{"key":"2026011312491878300_rdaf016-B6","doi-asserted-by":"crossref","first-page":"703","DOI":"10.1086\/432138","article-title":"Are Structural Estimates of Auction Models Reasonable? Evidence from Experimental Data","volume":"113","author":"Bajari","year":"2005","journal-title":"Journal of Political Economy"},{"key":"2026011312491878300_rdaf016-B7","doi-asserted-by":"crossref","first-page":"112","DOI":"10.1093\/restud\/rdq001","article-title":"Semiparametric Estimation of First-Price Auctions with Risk-Averse Bidders","volume":"78","author":"Campo","year":"2011","journal-title":"The Review of Economic Studies"},{"key":"2026011312491878300_rdaf016-B8","doi-asserted-by":"crossref","first-page":"5549","DOI":"10.1016\/S1573-4412(07)06076-X","volume-title":"Handbook of Econometrics","author":"Chen","year":"2007"},{"key":"2026011312491878300_rdaf016-B9","doi-asserted-by":"crossref","first-page":"1965","DOI":"10.3982\/ECTA14525","article-title":"Monte Carlo Confidence Sets for Identified Sets","volume":"86","author":"Chen","year":"2018","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026011312491878300_rdaf016-B10","doi-asserted-by":"crossref","first-page":"1445","DOI":"10.1111\/j.1468-0262.2004.00540.x","article-title":"Likelihood Estimation and Inference in a Class of Nonregular Econometric Models","volume":"72","author":"Chernozhukov","year":"2004","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026011312491878300_rdaf016-B11","doi-asserted-by":"crossref","first-page":"121","DOI":"10.2307\/2526953","article-title":"Piecewise Pseudo-Maximum Likelihood Estimation in Empirical Models of Auctions","volume":"34","author":"Donald","year":"1993","journal-title":"International Economic Review"},{"key":"2026011312491878300_rdaf016-B12","doi-asserted-by":"crossref","first-page":"836","DOI":"10.1080\/01621459.2000.10474275","article-title":"Geometric Understanding of Likelihood Ratio Statistics","volume":"95","author":"Fan","year":"2000","journal-title":"Journal of the American Statistical Association"},{"key":"2026011312491878300_rdaf016-B13","doi-asserted-by":"crossref","first-page":"315","DOI":"10.3982\/ECTA10293","article-title":"Identification in Auctions with Selective Entry","volume":"82","author":"Gentry","year":"2014","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026011312491878300_rdaf016-B14","doi-asserted-by":"crossref","first-page":"298","DOI":"10.1016\/j.jfineco.2018.10.007","article-title":"Entry and Competition in Takeover Auctions","volume":"132","author":"Gentry","year":"2019","journal-title":"Journal of Financial Economics"},{"key":"2026011312491878300_rdaf016-B15","doi-asserted-by":"crossref","DOI":"10.1017\/9781139029834","volume-title":"Fundamentals of Nonparametric Bayesian Inference","author":"Ghosal","year":"2017"},{"key":"2026011312491878300_rdaf016-B42","doi-asserted-by":"crossref","first-page":"525","DOI":"10.1111\/1468-0262.00123","article-title":"Optimal Nonparametric Estimation of First-Price Auctions","volume":"68","author":"Guerre","year":"2000","journal-title":"Econometrica"},{"key":"2026011312491878300_rdaf016-B16","doi-asserted-by":"crossref","first-page":"1193","DOI":"10.3982\/ECTA7028","article-title":"Nonparametric Identification of Risk Aversion in First-Price Auctions under Exclusion Restrictions","volume":"77","author":"Guerre","year":"2009","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026011312491878300_rdaf016-B17","author":"Haile","year":"2003"},{"key":"2026011312491878300_rdaf016-B18","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1086\/344801","article-title":"Inference with an Incomplete Model of English Auctions","volume":"111","author":"Haile","year":"2003","journal-title":"Journal of Political Economy"},{"key":"2026011312491878300_rdaf016-B19","doi-asserted-by":"crossref","first-page":"115","DOI":"10.1111\/1467-937X.00239","article-title":"Empirical Implications of Equilibrium Bidding in First Price, Symmetric, Common Value Auctions","volume":"70","author":"Hendricks","year":"2003","journal-title":"Review of Economic Studies"},{"key":"2026011312491878300_rdaf016-B20","doi-asserted-by":"crossref","first-page":"1307","DOI":"10.1111\/1468-0262.00451","article-title":"Asymptotic Efficiency in Parametric Structural Models with Parameter-Dependent Support","volume":"71","author":"Hirano","year":"2003","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026011312491878300_rdaf016-B21","author":"Kong","year":"2017"},{"key":"2026011312491878300_rdaf016-B22","doi-asserted-by":"crossref","first-page":"840","DOI":"10.1111\/1756-2171.12342","article-title":"Not Knowing the Competition: Evidence and Implications for Auction Design","volume":"51","author":"Kong","year":"2020","journal-title":"The Rand Journal of Economics"},{"key":"2026011312491878300_rdaf016-B23","doi-asserted-by":"crossref","first-page":"2653","DOI":"10.1257\/aer.101.6.2653","article-title":"Bid Preference Programs and Participation in Highway Procurement Auctions","volume":"101","author":"Krasnokutskaya","year":"2011","journal-title":"American Economic Review"},{"key":"2026011312491878300_rdaf016-B24","first-page":"585","article-title":"Equilibrium in Auctions with Entry","volume":"84","author":"Levin","year":"1994","journal-title":"The American Economic Review"},{"key":"2026011312491878300_rdaf016-B25","first-page":"341","article-title":"Hidden Reserve Prices with Risk Averse Bidders","volume":"12","author":"Li","year":"2017","journal-title":"Frontiers of Economics in China"},{"key":"2026011312491878300_rdaf016-B26","doi-asserted-by":"crossref","first-page":"524","DOI":"10.1111\/1756-2171.12096","article-title":"Auctions with Selective Entry and Risk Averse Bidders: Theory and Evidence","volume":"46","author":"Li","year":"2015","journal-title":"The Rand Journal of Economics"},{"key":"2026011312491878300_rdaf016-B27","doi-asserted-by":"crossref","first-page":"837","DOI":"10.1111\/j.1468-2354.2010.00603.x","article-title":"Testing for Affiliation in First-Price Auctions Using Entry Behavior","volume":"51","author":"Li","year":"2010","journal-title":"International Economic Review"},{"key":"2026011312491878300_rdaf016-B28","doi-asserted-by":"crossref","first-page":"1397","DOI":"10.1111\/j.1467-937X.2009.00558.x","article-title":"Entry and Competition Effects in First-Price Auctions: Theory and Evidence from Procurement Auctions","volume":"76","author":"Li","year":"2009","journal-title":"Review of Economic Studies"},{"key":"2026011312491878300_rdaf016-B29","doi-asserted-by":"crossref","first-page":"73","DOI":"10.1007\/s00199-008-0331-2","article-title":"Auction Design with Opportunity Cost","volume":"38","author":"Lu","year":"2009","journal-title":"Economic Theory"},{"key":"2026011312491878300_rdaf016-B30","doi-asserted-by":"crossref","first-page":"871","DOI":"10.1002\/jae.1032","article-title":"Estimating Risk Aversion from Ascending and Sealed-Bid Auctions: The Case of Timber Auction Data","volume":"23","author":"Lu","year":"2008","journal-title":"Journal of Applied Econometrics"},{"key":"2026011312491878300_rdaf016-B31","doi-asserted-by":"crossref","first-page":"519","DOI":"10.1111\/1468-0262.00294","article-title":"Inference on Regressions with Interval Data on a Regressor or Outcome","volume":"70","author":"Manski","year":"2002","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026011312491878300_rdaf016-B32","doi-asserted-by":"crossref","first-page":"46","DOI":"10.1016\/j.jeconom.2013.04.005","article-title":"What Model for Entry in First-Price Auctions? A Nonparametric Approach","volume":"176","author":"Marmer","year":"2013","journal-title":"Journal of Econometrics"},{"key":"2026011312491878300_rdaf016-B33","doi-asserted-by":"crossref","first-page":"1473","DOI":"10.2307\/1913516","article-title":"Optimal Auctions with Risk-Averse Bidders","volume":"52","author":"Maskin","year":"1984","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026011312491878300_rdaf016-B34","doi-asserted-by":"crossref","first-page":"633","DOI":"10.2307\/1913603","article-title":"Comparing Auctions for Risk Averse Buyers: A Buyer\u2019s Point of View","volume":"55","author":"Matthews","year":"1987","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026011312491878300_rdaf016-B35","first-page":"355","volume-title":"Handbook of Econometrics","author":"Molinari","year":"2020"},{"key":"2026011312491878300_rdaf016-B36","doi-asserted-by":"crossref","DOI":"10.1007\/978-1-4757-3076-0","volume-title":"An Introduction to Copulas","author":"Nelsen","year":"1999"},{"key":"2026011312491878300_rdaf016-B37","doi-asserted-by":"crossref","first-page":"1830","DOI":"10.1257\/aer.103.5.1830","article-title":"When Should Sellers use Auctions?","volume":"103","author":"Roberts","year":"2013","journal-title":"American Economic Review"},{"key":"2026011312491878300_rdaf016-B38","doi-asserted-by":"crossref","first-page":"53","DOI":"10.1016\/0165-1765(85)90126-0","article-title":"Competitive Bidding with Entry Costs","volume":"17","author":"Samuelson","year":"1985","journal-title":"Economics Letters"},{"key":"2026011312491878300_rdaf016-B39","doi-asserted-by":"crossref","first-page":"549","DOI":"10.1006\/jeth.1996.0031","article-title":"Ranking Auctions with Risk Averse Bidders","volume":"68","author":"Smith","year":"1996","journal-title":"Journal of Economic Theory"},{"key":"2026011312491878300_rdaf016-B40","doi-asserted-by":"crossref","first-page":"2213","DOI":"10.3982\/ECTA7925","article-title":"Constrained Optimization Approaches to Estimation of Structural Models","volume":"80","author":"Su","year":"2012","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026011312491878300_rdaf016-B41","doi-asserted-by":"crossref","first-page":"181","DOI":"10.1016\/j.geb.2005.12.004","article-title":"Indicative Bidding and a Theory of Two-Stage Auctions","volume":"58","author":"Ye","year":"2007","journal-title":"Games and Economic Behavior"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdaf016\/62518984\/rdaf016.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/93\/1\/366\/62518984\/rdaf016.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/93\/1\/366\/62518984\/rdaf016.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2026,1,13]],"date-time":"2026-01-13T17:49:28Z","timestamp":1768326568000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/93\/1\/366\/8089903"}},"issued":{"date-parts":[[2025,3,21]]},"references-count":42,"journal-issue":{"issue":"1","published-online":{"date-parts":[[2025,3,21]]},"published-print":{"date-parts":[[2026,1,13]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdaf016","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2026,1]]},"published":{"date-parts":[[2025,3,21]]}},{"indexed":{"date-parts":[[2026,5,3]],"date-time":"2026-05-03T07:16:06Z","timestamp":1777792566595,"version":"3.51.4"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[2000,10,1]]},"DOI":"10.1111\/1467-937x.00146","type":"journal-article","created":{"date-parts":[[2003,12,1]],"date-time":"2003-12-01T17:20:05Z","timestamp":1070299205000},"page":"585-607","source":"Crossref","is-referenced-by-count":84,"title":["Wage and Technology Dispersion"],"prefix":"10.1093","volume":"67","author":[{"given":"D.","family":"Acemoglu","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"R.","family":"Shimer","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/67\/4\/585\/4788963\/67-4-585.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:38:52Z","timestamp":1503527932000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/1467-937X.00146"}},"issued":{"date-parts":[[2000,10,1]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[2000,10,1]]}},"URL":"https:\/\/doi.org\/10.1111\/1467-937x.00146","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2000,10,1]]}},{"indexed":{"date-parts":[[2026,2,7]],"date-time":"2026-02-07T16:46:02Z","timestamp":1770482762664,"version":"3.49.0"},"reference-count":54,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2010,10]]},"DOI":"10.1111\/j.1467-937x.2010.00607.x","type":"journal-article","created":{"date-parts":[[2010,4,14]],"date-time":"2010-04-14T23:30:09Z","timestamp":1271287809000},"page":"1231-1261","source":"Crossref","is-referenced-by-count":55,"title":["Estimating Intertemporal Allocation Parameters using Synthetic Residual Estimation"],"prefix":"10.1093","volume":"77","author":[{"given":"SULE","family":"ALAN","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"MARTIN","family":"BROWNING","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2010,8,13]]},"reference":[{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB1|cit1","doi-asserted-by":"crossref","first-page":"588","DOI":"10.1016\/j.red.2006.06.003","article-title":"\u201cEntry Costs and Stock Market Participation over the Life Cycle\u201d","volume":"9","author":"ALAN","year":"2006","journal-title":"Review of Economic Dynamics"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB2|cit2","doi-asserted-by":"crossref","first-page":"309","DOI":"10.1002\/jae.1037","article-title":"\u201cEstimating Euler Equations with Noisy Data: Two Exact GMM Estimators\u201d","volume":"24","author":"ALAN","year":"2009","journal-title":"Journal of Applied Econometrics"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB3|cit3","doi-asserted-by":"crossref","first-page":"293","DOI":"10.2307\/1885065","article-title":"\u201cTesting the Response of Consumption to Income Changes with Noisy Panel Data\u201d","volume":"102","author":"ALTONJI","year":"1987","journal-title":"Quarterly Journal of Economics"},{"issue":"3","key":"10.1111\/j.1467-937X.2010.00607.x-BIB4|cit4","doi-asserted-by":"crossref","first-page":"273","DOI":"10.1016\/0304-4076(85)90001-6","article-title":"\u201cInstrumental Variable Estimator for the Nonlinear Errors-in-variables Model\u201d","volume":"28","author":"AMEMIYA","year":"1985","journal-title":"Journal of Econometrics"},{"issue":"3","key":"10.1111\/j.1467-937X.2010.00607.x-BIB5|cit5","doi-asserted-by":"crossref","first-page":"239","DOI":"10.1111\/1468-0475.00036","article-title":"\u201cOn the Interaction of Risk and Time Preferences: An Experimental Study\u201d","volume":"2","author":"ANDERHUB","year":"2001","journal-title":"German Economic Review"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB6|cit6","doi-asserted-by":"crossref","DOI":"10.1016\/j.jebo.2009.09.006","article-title":"\u201cPreference Heterogeneity in Experiments: Comparing the Field and Lab\u201d","author":"ANDERSEN","year":"2010","journal-title":"Journal of Economic Behavior and Organization"},{"issue":"1","key":"10.1111\/j.1467-937X.2010.00607.x-BIB7|cit7","doi-asserted-by":"crossref","first-page":"47","DOI":"10.1016\/0304-4076(82)90095-1","article-title":"\u201cFormulation and Estimation of Dynamic-Models Using Panel Data\u201d","volume":"18","author":"ANDERSON","year":"1982","journal-title":"Journal of Econometrics"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB8|cit8","doi-asserted-by":"crossref","first-page":"406","DOI":"10.1016\/j.red.2003.09.003","article-title":"\u201cEstimating Euler Equations\u201d","volume":"7","author":"ATTANASIO","year":"2004","journal-title":"Review of Economic Dynamics"},{"issue":"4","key":"10.1111\/j.1467-937X.2010.00607.x-BIB9|cit9","doi-asserted-by":"crossref","first-page":"771","DOI":"10.1086\/340774","article-title":"\u201cAsset Holding and Consumption Volatility\u201d","volume":"110","author":"ATTANASIO","year":"2002","journal-title":"Journal of Political Economy"},{"issue":"6","key":"10.1111\/j.1467-937X.2010.00607.x-BIB10|cit10","doi-asserted-by":"crossref","first-page":"1121","DOI":"10.1086\/601443","article-title":"\u201cIs Consumption Growth Consistent with Intertemporal Optimization: Evidence from the Consumer Expenditure Survey\u201d","volume":"103","author":"ATTANASIO","year":"1995","journal-title":"Journal of Political Economy"},{"issue":"2","key":"10.1111\/j.1467-937X.2010.00607.x-BIB11|cit11","doi-asserted-by":"crossref","first-page":"537","DOI":"10.1162\/003355397555280","article-title":"\u201cPreference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study\u201d","volume":"112","author":"BARSKY","year":"1997","journal-title":"Quarterly Journal of Economics"},{"issue":"474","key":"10.1111\/j.1467-937X.2010.00607.x-BIB12|cit12","doi-asserted-by":"crossref","first-page":"821","DOI":"10.1111\/1468-0297.00661","article-title":"\u201cMeasuring Risk Attitudes in a Natural Experiment: Data from the Television Game Show Lingo\u201d","volume":"111","author":"BEETSMA","year":"2001","journal-title":"Economic Journal"},{"issue":"7","key":"10.1111\/j.1467-937X.2010.00607.x-BIB13|cit13","doi-asserted-by":"crossref","first-page":"935","DOI":"10.1002\/jae.921","article-title":"\u201cHealth Insurance and Retirement of Married Couples\u201d","volume":"21","author":"BLAU","year":"2006","journal-title":"Journal of Applied Econometrics"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB14|cit14","first-page":"109","article-title":"\u201cInitial Conditions and Efficient Estimation in Dynamic Panel Data Models\u201d","volume":"20\/21","author":"BLUNDELL","year":"1991","journal-title":"Annales d'Economie et de Statistique"},{"issue":"5","key":"10.1111\/j.1467-937X.2010.00607.x-BIB15|cit15","doi-asserted-by":"crossref","first-page":"1064","DOI":"10.1086\/317668","article-title":"\u201cLuxuries are Easier to Postpone: A Proof\u201d","volume":"108","author":"BROWNING","year":"2000","journal-title":"Journal of Political Economy"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB16|cit16","unstructured":"BROWNING , M. EJRNAE S. M. ALVARAEZ , J. 2006 \u201cModelling Income Processes with Lots of Heterogeneity\u201d"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB17|cit17","first-page":"1797","article-title":"\u201cHousehold Saving: Micro Theories and Micro Facts\u201d","volume":"24","author":"BROWNING","year":"1996","journal-title":"Journal of Economic Literature"},{"issue":"3","key":"10.1111\/j.1467-937X.2010.00607.x-BIB18|cit18","doi-asserted-by":"crossref","first-page":"339","DOI":"10.1198\/073500103288619007","article-title":"\u201cWealth Accumulation Over the Life Cycle and Precautionary Savings\u201d","volume":"21","author":"CAGETTI","year":"2003","journal-title":"Journal of Business and Economic Statistics"},{"issue":"1","key":"10.1111\/j.1467-937X.2010.00607.x-BIB19|cit19","doi-asserted-by":"crossref","DOI":"10.2202\/1534-6013.1003","article-title":"\u201cDeath to the Log-Linearized Consumption Euler Equation!\u201d","volume":"1","author":"CARROLL","year":"2001","journal-title":"Advances in Macroeconomics"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB20|cit20","doi-asserted-by":"crossref","first-page":"41","DOI":"10.1016\/S0304-3932(97)00036-6","article-title":"\u201cThe Nature of Precautionary Wealth\u201d","volume":"40","author":"CARROLL","year":"1997","journal-title":"Journal of Monetary Economics"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB21|cit21","doi-asserted-by":"crossref","first-page":"225","DOI":"10.2307\/2297110","article-title":"\u201cAnalysis of Covariance with Qualitative Data\u201d","volume":"47","author":"CHAMBERLAIN","year":"1980","journal-title":"Review of Economic Studies"},{"issue":"3","key":"10.1111\/j.1467-937X.2010.00607.x-BIB22|cit22","doi-asserted-by":"crossref","first-page":"745","DOI":"10.1257\/aer.97.3.745","article-title":"\u201cEstimating Risk Preferences from Deductible Choice\u201d","volume":"97","author":"COHEN","year":"2007","journal-title":"American Economic Review"},{"issue":"5","key":"10.1111\/j.1467-937X.2010.00607.x-BIB23|cit23","doi-asserted-by":"crossref","first-page":"1221","DOI":"10.2307\/2938366","article-title":"\u201cSaving and Liquidity Constraints\u201d","volume":"59","author":"DEATON","year":"1991","journal-title":"Econometrica"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB24|cit24","doi-asserted-by":"crossref","unstructured":"DOHMEN , T. FALK , A. HUFFMAN , D. SUNDE , U. SCHUPP , J. WAGNER , G. G. 2005 \u201cIndividual Risk Attitudes: New Evidence From a Large, Representative, Experimentally-Validated Survey\u201d","DOI":"10.2139\/ssrn.807408"},{"issue":"2","key":"10.1111\/j.1467-937X.2010.00607.x-BIB25|cit25","doi-asserted-by":"crossref","first-page":"165","DOI":"10.1023\/A:1011109625844","article-title":"\u201cEstimating Risk Attitudes using Lotteries; A Large Sample Approach\u201d","volume":"22","author":"DONKERS","year":"2001","journal-title":"Journal of Risk and Uncertainty"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB26|cit26","unstructured":"ECKEL , C. JOHNSON , C. MONTMARQUETTE , C. 2004 \u201cSaving Decisions of the Working Poor: Short- and Long-Term Horizons\u201d"},{"issue":"13","key":"10.1111\/j.1467-937X.2010.00607.x-BIB27|cit27","doi-asserted-by":"crossref","first-page":"1477","DOI":"10.1080\/0003684032000151287","article-title":"\u201cSurvey Measures of Risk Aversion and Prudence\u201d","volume":"35","author":"EISENHAUER","year":"2003","journal-title":"Applied Economics"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB28|cit28","doi-asserted-by":"crossref","first-page":"395","DOI":"10.1111\/j.1467-937X.2005.00337.x","article-title":"\u201cThe Effects of Health, Wealth, and Wages on Labor Supply and Retirement Behavior\u201d","volume":"72","author":"FRENCH","year":"2005","journal-title":"Review of Economic Studies"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB29|cit29","unstructured":"FRENCH , E. JONES , J. B. 2004 \u201cThe Effects of Health Insurance and Self Insurance on Retirement Behavior\u201d"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB30|cit30","doi-asserted-by":"crossref","first-page":"657","DOI":"10.1017\/S0266466600006976","article-title":"\u201cWhich Moments to Match?\u201d","volume":"12","author":"GALLANT","year":"1996","journal-title":"Econometric Theory"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB31|cit31","doi-asserted-by":"crossref","first-page":"S85","DOI":"10.1002\/jae.3950080507","article-title":"\u201cIndirect Inference\u201d","volume":"8","author":"GOURIEROUX","year":"1993","journal-title":"Journal of Applied Econometrics"},{"issue":"1","key":"10.1111\/j.1467-937X.2010.00607.x-BIB32|cit32","doi-asserted-by":"crossref","first-page":"47","DOI":"10.1111\/1468-0262.00269","article-title":"\u201cConsumption Over the Life Cycle\u201d","volume":"70","author":"GOURINCHAS","year":"2002","journal-title":"Econometrica"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB86|cit33","volume-title":"Insurance: A Theoretical Analysis and Policy Implication","author":"GUISO","year":"2006"},{"issue":"7","key":"10.1111\/j.1467-937X.2010.00607.x-BIB34|cit34","doi-asserted-by":"crossref","first-page":"1451","DOI":"10.1016\/j.jmoneco.2005.06.001","article-title":"\u201cReconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macro-economic Perspective\u201d","volume":"53","author":"GUVENEN","year":"2006","journal-title":"Journal of Monetary Economics"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB35|cit35","doi-asserted-by":"crossref","unstructured":"HALL , G. RUST , J. 2002 \u201cEconometric Methods for Endogenously Sampled Time Series: The Case of Commodity Price Speculation in the Steel Market\u201d","DOI":"10.3386\/t0278"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB36|cit36","doi-asserted-by":"crossref","DOI":"10.1016\/S0193-2306(2005)10","volume-title":"Field Experiments in Economics","author":"HARRISON","year":"2005"},{"issue":"4","key":"10.1111\/j.1467-937X.2010.00607.x-BIB37|cit37","doi-asserted-by":"crossref","first-page":"57","DOI":"10.1257\/jep.15.4.57","article-title":"\u201cMismeasured Variables in Econometric Analysis: Problems from the Right and Problems from the Left\u201d","volume":"15","author":"HAUSMAN","year":"2001","journal-title":"Journal of Economic Perspectives"},{"issue":"9","key":"10.1111\/j.1467-937X.2010.00607.x-BIB38|cit38","doi-asserted-by":"crossref","first-page":"3042","DOI":"10.1016\/j.jedc.2006.10.002","article-title":"\u201cHow Important is Discount Rate Heterogeneity for Wealth Inequality\u201d","volume":"31","author":"HENDRICKS","year":"2007","journal-title":"Journal of Economic Dynamics and Control"},{"issue":"3","key":"10.1111\/j.1467-937X.2010.00607.x-BIB39|cit39","doi-asserted-by":"crossref","first-page":"902","DOI":"10.1257\/0002828054201459","article-title":"\u201cRisk Aversion and Incentive Effects: New Data without Order Effects\u201d","volume":"95","author":"HOLT","year":"2005","journal-title":"American Economic Review"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB40|cit40","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/S0304-4076(03)00116-7","article-title":"\u201cA Simple Estimator for Nonlinear Error in Variable Models\u201d","volume":"117","author":"HONG","year":"2003","journal-title":"Journal of Econometrics"},{"issue":"2","key":"10.1111\/j.1467-937X.2010.00607.x-BIB41|cit41","doi-asserted-by":"crossref","first-page":"360","DOI":"10.1086\/261987","article-title":"\u201cPrecautionary Saving and Social Insurance\u201d","volume":"103","author":"HUBBARD","year":"1995","journal-title":"Journal of Political Economy"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB42|cit42","unstructured":"KAHVECIOGLU , D. C. 2005 \u201cAsset Allocation, Bequests and Wealth Dynamics of the Elderly\u201d"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB43|cit43","volume-title":"Handbook of Labor Economics","author":"KATZ","year":"1999"},{"issue":"1","key":"10.1111\/j.1467-937X.2010.00607.x-BIB44|cit44","first-page":"245","article-title":"\u201cIncome and Wealth Heterogeneity in the Macroeconomy\u201d","volume":"2","author":"KRUSELL","year":"1998","journal-title":"Journal of Political Economy"},{"issue":"1","key":"10.1111\/j.1467-937X.2010.00607.x-BIB45|cit45","doi-asserted-by":"crossref","first-page":"54","DOI":"10.1086\/261740","article-title":"\u201cPoverty and the Rate of Time Preference: Evidence from Panel Data\u201d","volume":"99","author":"LAWRANCE","year":"1991","journal-title":"Journal of Political Economy"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB46|cit46","doi-asserted-by":"crossref","unstructured":"LOW , H. MEGHIR , C. PISTAFERRI , L. 2008 \u201cWage Risk and Employment Risk Over the Life Cycle\u201d","DOI":"10.1920\/wp.ifs.2008.0806"},{"issue":"2","key":"10.1111\/j.1467-937X.2010.00607.x-BIB47|cit47","doi-asserted-by":"crossref","first-page":"242","DOI":"10.1162\/00346530151143789","article-title":"\u201cApproximation Bias in Linearized Euler Equations\u201d","volume":"83","author":"LUDVIGSON","year":"2001","journal-title":"Journal of Economics and Statistics"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB48|cit48","doi-asserted-by":"crossref","first-page":"73","DOI":"10.1016\/0304-3932(91)90005-9","article-title":"\u201cLiquidity Constraints and the Permanent Income Hypothesis\u201d","volume":"27","author":"RUNKLE","year":"1991","journal-title":"Journal of Monetary Economics"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB49|cit49","doi-asserted-by":"crossref","first-page":"117","DOI":"10.1016\/S0304-3878(98)00080-7","article-title":"\u201cDiscount Rate Heterogeneity and Social Security Reform\u201d","volume":"57","author":"SAMWICK","year":"1998","journal-title":"Journal of Development Economics"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB50|cit50","doi-asserted-by":"crossref","first-page":"33","DOI":"10.1111\/j.1468-0262.2004.00477.x","article-title":"\u201cEstimation of Nonlinear Models with Measurement Error\u201d","volume":"72","author":"SCHENNACH","year":"2004","journal-title":"Econometrica"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB51|cit51","doi-asserted-by":"crossref","first-page":"93","DOI":"10.1016\/0165-1765(84)90033-8","article-title":"\u201cThe Permanent Income Hypothesis and the Real Interest Rate\u201d","volume":"14","author":"SHAPIRO","year":"1984","journal-title":"Economics Letters"},{"issue":"4","key":"10.1111\/j.1467-937X.2010.00607.x-BIB52|cit52","doi-asserted-by":"crossref","first-page":"825","DOI":"10.1086\/340782","article-title":"\u201cLimited Asset Market Participation and the Elasticity of Intertemporal Substitution\u201d","volume":"110","author":"VISSING-JORGENSEN","year":"2002","journal-title":"Journal of Political Economy"},{"key":"10.1111\/j.1467-937X.2010.00607.x-BIB53|cit53","doi-asserted-by":"crossref","first-page":"259","DOI":"10.1016\/S0304-4076(01)00079-3","article-title":"\u201cGMM Estimation in Panel Data Models with Measurement Error\u201d","volume":"104","author":"WANSBEEK","year":"2001","journal-title":"Journal of Econometrics"},{"issue":"1","key":"10.1111\/j.1467-937X.2010.00607.x-BIB107|cit54","doi-asserted-by":"crossref","first-page":"39","DOI":"10.1002\/jae.770","article-title":"\u201cSimple Solutions to the Initial Conditions Problem in Dynamic, Nonlinear Panel Data Models with Unobserved Heterogeneity\u201d","volume":"20","author":"WOOLRIDGE","year":"2005","journal-title":"Journal of Applied Econometrics"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/77\/4\/1231\/18355933\/77-4-1231.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,5,31]],"date-time":"2023-05-31T20:26:25Z","timestamp":1685564785000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/j.1467-937X.2010.00607.x"}},"issued":{"date-parts":[[2010,8,13]]},"references-count":54,"journal-issue":{"issue":"4","published-print":{"date-parts":[[2010,10]]}},"URL":"https:\/\/doi.org\/10.1111\/j.1467-937x.2010.00607.x","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[2010,8,13]]}},{"indexed":{"date-parts":[[2026,2,7]],"date-time":"2026-02-07T15:56:41Z","timestamp":1770479801339,"version":"3.49.0"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1989,10]]},"DOI":"10.2307\/2297499","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:05:57Z","timestamp":1150419957000},"page":"535","source":"Crossref","is-referenced-by-count":23,"title":["Tests of Additive Derivative Constraints"],"prefix":"10.1093","volume":"56","author":[{"given":"Thomas M.","family":"Stoker","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/56\/4\/535\/4518547\/56-4-535.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:11:10Z","timestamp":1503533470000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297499"}},"issued":{"date-parts":[[1989,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1989,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2297499","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1989,10]]}},{"indexed":{"date-parts":[[2026,2,8]],"date-time":"2026-02-08T09:59:14Z","timestamp":1770544754944,"version":"3.49.0"},"reference-count":59,"publisher":"Oxford University Press (OUP)","issue":"5","license":[{"start":{"date-parts":[[2024,9,11]],"date-time":"2024-09-11T00:00:00Z","timestamp":1726012800000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/pages\/standard-publication-reuse-rights"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2025,9,5]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>We construct a novel panel dataset for interwar Soviet Union to study the causes of Ukrainian famine mortality (Holodomor) during 1932\u20133 and document several facts: (1) Ukraine produced enough food in 1932 to avoid famine in Ukraine; (2) 1933 mortality in the Soviet Union was increasing in the pre-famine ethnic Ukrainian population share and (3) was unrelated to food productivity across regions; (4) this pattern exists even outside of Ukraine; (5) migration restrictions exacerbated mortality; (6) actual and planned grain procurement were increasing and actual and planned grain retention (production minus procurement) were decreasing in the ethnic Ukrainian population share across regions. The results imply that anti-Ukrainian bias in Soviet policy contributed to high Ukrainian famine mortality, and that this bias systematically targeted ethnic Ukrainians across the Soviet Union.<\/jats:p>","DOI":"10.1093\/restud\/rdae091","type":"journal-article","created":{"date-parts":[[2024,9,11]],"date-time":"2024-09-11T06:43:26Z","timestamp":1726037006000},"page":"3276-3305","source":"Crossref","is-referenced-by-count":5,"title":["The Causes of Ukrainian Famine Mortality, 1932\u201333"],"prefix":"10.1093","volume":"92","author":[{"given":"Andrei","family":"Markevich","sequence":"first","affiliation":[{"name":"University of Helsinki, Finland, New Economic School , Russia, and CEPR, USA"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Natalya","family":"Naumenko","sequence":"additional","affiliation":[{"name":"George Mason University, USA"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Nancy","family":"Qian","sequence":"additional","affiliation":[{"name":"Kellogg School of Management at Northwestern University , NBER, BREAD, CEPR, USA \\query[-3pc]{AQ3} \\query[-1.5pc]{AQ4}"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2024,9,11]]},"reference":[{"key":"2025090512565315500_rdae091-B1","volume-title":"Naselenie Sovetskogo Soyuza: 1922\u20131991","author":"Andreev","year":"1993"},{"key":"2025090512565315500_rdae091-B2","volume-title":"Demographicheskaya Istroriya Rossii: 1927\u20131959","author":"Andreev","year":"1998"},{"key":"2025090512565315500_rdae091-B3","volume-title":"Red Famine: Stalin\u2019s War on Ukraine","author":"Applebaum","year":"2017"},{"key":"2025090512565315500_rdae091-B4","doi-asserted-by":"crossref","first-page":"101471","DOI":"10.1016\/j.eeh.2022.101471","article-title":"Persecution, Pogroms and Genocide: A Conceptual Framework and New Evidence","volume":"86","author":"Becker","year":"2022","journal-title":"Explorations in Economic History"},{"key":"2025090512565315500_rdae091-B5","doi-asserted-by":"crossref","first-page":"1947","DOI":"10.1093\/ej\/ueaa127","article-title":"Climate Risk, Cooperation and the Co-Evolution of Culture and Institutions","volume":"131","author":"Buggle","year":"2021","journal-title":"The Economic Journal"},{"key":"2025090512565315500_rdae091-B6","first-page":"87","article-title":"Golod 1921 Goda I Deyatelnost Inostrannykh Organizatsiy","volume":"14","author":"Bukhman","year":"1923","journal-title":"Vestnik Statistiki"},{"key":"2025090512565315500_rdae091-B7","author":"Casta\u00f1eda Dower","year":"2023"},{"key":"2025090512565315500_rdae091-B8","doi-asserted-by":"crossref","first-page":"103663","DOI":"10.1016\/j.euroecorev.2021.103663","article-title":"The Value of a Statistical Life in a Dictatorship: Evidence From Stalin","volume":"133","author":"Casta\u00f1eda Dower","year":"2021","journal-title":"The European Economic Review"},{"key":"2025090512565315500_rdae091-B9","doi-asserted-by":"crossref","first-page":"205","DOI":"10.1017\/S004388712100023X","article-title":"Explaining Out-Group Bias in Weak States: Religion and Legibility in the 1891\/1892 Russian Famine","volume":"74","author":"Charnysh","year":"2022","journal-title":"World Politics"},{"key":"2025090512565315500_rdae091-B10","first-page":"613","article-title":"The Industrialization and Economic Development of Russia through the Lens of a Neoclassical Growth Model","volume":"84","author":"Cheremukhin","year":"2017","journal-title":"The Review of Economic Studies"},{"key":"2025090512565315500_rdae091-B11","volume-title":"The Harvest of Sorrow: Soviet Collectivization and the Terror-Famine","author":"Conquest","year":"1986"},{"key":"2025090512565315500_rdae091-B12","volume-title":"Tragediya Sovetskoj Derevni. Kollektivizatsiya I Raskulachivanie. Dokumenti I Materialy V 5 Tomakh, 1927\u20131939","author":"Danilov","year":"1999\u20132006"},{"key":"2025090512565315500_rdae091-B13","volume-title":"The Stalin-Kaganovich Correspondence, 1931-36","author":"Davies","year":"2003"},{"key":"2025090512565315500_rdae091-B14","author":"Davies","year":"2009"},{"key":"2025090512565315500_rdae091-B15","doi-asserted-by":"crossref","DOI":"10.1093\/oso\/9780199251919.001.0001","volume-title":"Famine Demography: Perspectives from the Past and Present","author":"Dyson","year":"2002"},{"key":"2025090512565315500_rdae091-B16","author":"Egorov","year":"2020"},{"key":"2025090512565315500_rdae091-B17","doi-asserted-by":"crossref","first-page":"823","DOI":"10.1080\/09668130500199392","article-title":"The Role of Leadership Perceptions and of Intent in the Soviet Famine of 1931-1934","volume":"57","author":"Ellman","year":"2005","journal-title":"Europe-Asia Studies"},{"key":"2025090512565315500_rdae091-B18","doi-asserted-by":"crossref","first-page":"1087","DOI":"10.1086\/682584","article-title":"Strategic Mass Killings","volume":"123","author":"Esteban","year":"2015","journal-title":"Journal of Political Economy"},{"key":"2025090512565315500_rdae091-B19","first-page":"223","volume-title":"Famines in European History. The Last Great European Famines Reconsidered","author":"Graziosi","year":"2015"},{"key":"2025090512565315500_rdae091-B20","doi-asserted-by":"crossref","first-page":"34","DOI":"10.1016\/j.jce.2010.12.001","article-title":"Rational Dictators and the Killing of Innocents: Data from Stalin\u2019s Archives","volume":"39","author":"Gregory","year":"2011","journal-title":"Journal of Comparative Economics"},{"key":"2025090512565315500_rdae091-B21","doi-asserted-by":"crossref","first-page":"730","DOI":"10.1093\/restud\/rdaa028","article-title":"The Origins of Violence in Rwanda","volume":"88","author":"Heldring","year":"2020","journal-title":"The Review of Economic Studies"},{"key":"2025090512565315500_rdae091-B22","volume-title":"Ethnic Groups in Conflict","author":"Horowitz","year":"1985"},{"key":"2025090512565315500_rdae091-B23","volume-title":"Golod 1932\u20131933 Godov V SSSR: Ukraina, Kazakhstan, Severnyi Kavkaz, Povolzhie, Tsentralno-Chernozemnaia Oblast, Zapadnaia Sibir, Ural","author":"Ivnitskii","year":"2009"},{"key":"2025090512565315500_rdae091-B24","doi-asserted-by":"crossref","first-page":"18","DOI":"10.1016\/j.jebo.2014.02.023","article-title":"\u2018Unfinished Business\u2019: Historic Complementarities, Political Competition and Ethnic Violence in Gujarat","volume":"104","author":"Jha","year":"2014","journal-title":"Journal of Economic Behavior & Organization"},{"key":"2025090512565315500_rdae091-B25","author":"Khrushchev","year":"1970"},{"key":"2025090512565315500_rdae091-B26","volume-title":"Golod 1932\u20131933 Godov: Tragediya Rossiyskoy Derevni","author":"Kondrashin","year":"2008"},{"key":"2025090512565315500_rdae091-B27","doi-asserted-by":"crossref","first-page":"34","DOI":"10.1257\/aer.20191701","article-title":"Conflict and Intergroup Trade: Evidence from the 2014 Russia-Ukraine Crisis","volume":"113","author":"Korovkin","year":"2023","journal-title":"American Economic Review"},{"key":"2025090512565315500_rdae091-B28","volume-title":"Stalin. Waiting for Hitler, 1929-1941","author":"Kotkin","year":"2017"},{"key":"2025090512565315500_rdae091-B29","doi-asserted-by":"crossref","first-page":"492","DOI":"10.1017\/nps.2019.55","article-title":"Regional 1932-1933 Famine Losses: A Comparative Analysis of Ukraine and Russia","volume":"48","author":"Levchuk","year":"2020","journal-title":"Nationalities Papers"},{"key":"2025090512565315500_rdae091-B30","volume-title":"Sotsializatziya Zemli V Rossii","author":"Litoshenko","year":"2001"},{"key":"2025090512565315500_rdae091-B31","first-page":"102","article-title":"Pishchevoe Znachenie Sovremennikh Produktov Pitaniya","volume":"1\u20134","author":"Lositskiy","year":"1920","journal-title":"Vestnik Statistiki"},{"key":"2025090512565315500_rdae091-B32","volume-title":"Sostoyane pitaniya gorodskogo naseleniya SSSR 1919\u20131924 gg","author":"","year":"1926"},{"key":"2025090512565315500_rdae091-B33","volume-title":"Sostoyane pitaniya selskogo naseleniya SSSR 1920\u20131924 gg","author":"","year":"1928"},{"key":"2025090512565315500_rdae091-B34","volume-title":"The Affirmative Action Empire: Nations and Nationalism in the Soviet Union, 1923-1939","author":"Martin","year":"2001"},{"key":"2025090512565315500_rdae091-B35","doi-asserted-by":"crossref","first-page":"1568","DOI":"10.1093\/restud\/rdv016","article-title":"The Institutional Causes of China\u2019s Great Famine, 1959-1961","volume":"82","author":"Meng","year":"2015","journal-title":"The Review of Economic Studies"},{"key":"2025090512565315500_rdae091-B36","volume-title":"After the Holodomor: The Enduring Impact of the Great Famine on Ukraine","author":"Mesl\u00e9","year":"2013"},{"key":"2025090512565315500_rdae091-B37","author":"Murin","year":"1997"},{"key":"2025090512565315500_rdae091-B38","doi-asserted-by":"crossref","first-page":"156","DOI":"10.1017\/S0022050720000625","article-title":"The Political Economy of Famine: The Ukrainian Famine of 1933","volume":"81","author":"Naumenko","year":"2021","journal-title":"The Journal of Economic History"},{"key":"2025090512565315500_rdae091-B39","doi-asserted-by":"publisher","author":"Naumenko","year":"2024","DOI":"10.2139\/ssrn.5218314"},{"key":"2025090512565315500_rdae091-B40","volume-title":"Famine: A Short History","author":"\u00d3 Gr\u00e1da","year":"2009"},{"key":"2025090512565315500_rdae091-B41","volume-title":"Naselenie Rossii V XX Veke: Istoricheskie Ocherky. Vol. 1 1900\u20131939","author":"Polyakov","year":"2000"},{"key":"2025090512565315500_rdae091-B42","volume-title":"Ne po Svoej Vole\u22ef Istoriya i Geografiya Prinuditelnikh Migratsij v SSSR","author":"Polyan","year":"2001"},{"key":"2025090512565315500_rdae091-B43","volume-title":"Vserossijskoe Uchreditelnoe Sobranie. Entsiklopedia. (All-Russian Constitutional Assembly. Encyclopedia)","author":"Protasov","year":"2014"},{"key":"2025090512565315500_rdae091-B44","doi-asserted-by":"crossref","first-page":"41","DOI":"10.1257\/aer.20160999","article-title":"Mobilizing the Masses for Genocide","volume":"111","author":"Rogall","year":"2021","journal-title":"American Economic Review"},{"key":"2025090512565315500_rdae091-B45","doi-asserted-by":"crossref","first-page":"1254","DOI":"10.1177\/0022002720904768","article-title":"A Theory of Demographically Targeted Repression","volume":"64","author":"Rozenas","year":"2020","journal-title":"Journal of Conflict Resolution"},{"key":"2025090512565315500_rdae091-B46","doi-asserted-by":"crossref","first-page":"569","DOI":"10.1017\/S0003055419000066","article-title":"Mass Repression and Political Loyalty: Evidence from Stalin\u2019s \u2018Terror by Hunger\u2019","volume":"113","author":"Rozenas","year":"2019","journal-title":"American Political Science Review"},{"key":"2025090512565315500_rdae091-B47","doi-asserted-by":"crossref","first-page":"53","DOI":"10.25336\/P6FC7G","article-title":"Demography of a Man-Made Human Catastrophe: The Case of Massive Famine in Ukraine 1932-1933","volume":"42","author":"Rudnytskyi","year":"2015","journal-title":"Canadian Studies in Population"},{"key":"2025090512565315500_rdae091-B48","volume-title":"Poverty and Famines. An Essay on Entitlement and Deprivation","author":"Sen","year":"1981"},{"key":"2025090512565315500_rdae091-B49","author":"State Duma","year":"2008"},{"key":"2025090512565315500_rdae091-B50","doi-asserted-by":"crossref","first-page":"267","DOI":"10.1177\/0022343317751261","article-title":"Stalin\u2019s Terror and the Long-Term Political Effects of Mass Repression","volume":"55","author":"Talibova","year":"2018","journal-title":"Journal of Peace Research"},{"key":"2025090512565315500_rdae091-B52","author":"Tauger","year":"2001"},{"key":"2025090512565315500_rdae091-B51","doi-asserted-by":"crossref","first-page":"70","DOI":"10.2307\/2500600","article-title":"The 1932 Harvest and the Famine of 1933","volume":"50","author":"Tauger","year":"1991","journal-title":"Slavic Review"},{"key":"2025090512565315500_rdae091-B53","doi-asserted-by":"crossref","DOI":"10.1093\/oso\/9780195101973.001.0001","volume-title":"Peasant Rebels Under Stalin: Collectivization and the Culture of Peasant Resistance","author":"Viola","year":"1996"},{"key":"2025090512565315500_rdae091-B54","volume-title":"The Unknown Gulag: The Lost World of Stalin\u2019s Special Settlements","author":"Viola","year":"2007"},{"key":"2025090512565315500_rdae091-B55","doi-asserted-by":"crossref","first-page":"1947","DOI":"10.1093\/qje\/qju020","article-title":"Propaganda and Conflict: Evidence from the Rwandan Genocide","volume":"129","author":"Yanagizawa-Drott","year":"2014","journal-title":"The Quarterly Journal of Economics"},{"key":"2025090512565315500_rdae091-B56","author":"Yaremko","year":"2022"},{"key":"2025090512565315500_rdae091-B57","volume-title":"Stalinskaia \u201cRevolutsia Sverkhu\u201d Posle \u201cVelikogo Pereloma\u201d. 1930\u20131939: Politika, Osuschestvlenie, Rezultaty","author":"Zelenin","year":"2006"},{"key":"2025090512565315500_rdae091-B58","author":"Zelenin","year":"1994"},{"key":"2025090512565315500_rdae091-B59","doi-asserted-by":"crossref","first-page":"47","DOI":"10.1257\/jel.20221564","article-title":"New Russian Economic History","volume":"62","author":"Zhuravskaya","year":"2024","journal-title":"The Journal of Economic Literature"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdae091\/59385720\/rdae091.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/92\/5\/3276\/59385720\/rdae091.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/92\/5\/3276\/59385720\/rdae091.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,9,5]],"date-time":"2025-09-05T16:57:33Z","timestamp":1757091453000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/92\/5\/3276\/7754909"}},"issued":{"date-parts":[[2024,9,11]]},"references-count":59,"journal-issue":{"issue":"5","published-online":{"date-parts":[[2024,9,11]]},"published-print":{"date-parts":[[2025,9,5]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdae091","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2025,10]]},"published":{"date-parts":[[2024,9,11]]}},{"indexed":{"date-parts":[[2026,2,19]],"date-time":"2026-02-19T00:07:56Z","timestamp":1771459676061,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"5","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1982]]},"DOI":"10.2307\/2297188","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:37:57Z","timestamp":1150403877000},"page":"761","source":"Crossref","is-referenced-by-count":46,"title":["Time Series Representations of Economic Variables and Alternative Models of the Labour Market"],"prefix":"10.1093","volume":"49","author":[{"given":"Orley","family":"Ashenfelter","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"David","family":"Card","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/49\/5\/761\/4409226\/49-5-761.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:38:04Z","timestamp":1503531484000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297188"}},"issued":{"date-parts":[[1982]]},"references-count":0,"journal-issue":{"issue":"5","published-print":{"date-parts":[[1982]]}},"URL":"https:\/\/doi.org\/10.2307\/2297188","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1982]]}},{"indexed":{"date-parts":[[2026,2,11]],"date-time":"2026-02-11T07:55:33Z","timestamp":1770796533904,"version":"3.50.0"},"reference-count":90,"publisher":"Oxford University Press (OUP)","license":[{"start":{"date-parts":[[2026,1,24]],"date-time":"2026-01-24T00:00:00Z","timestamp":1769212800000},"content-version":"am","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by-nc-nd\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"abstract":"<jats:title>Abstract<\/jats:title>\n                  <jats:p>We examine how the rise of institutional ownership has influenced firms\u2019 political activities. We find that, after the acquisition of a large stake, a firm\u2019s political action committee giving mirrors more closely that of the acquiring investor. Consistent with a causal interpretation, this pattern is also observed for acquisitions driven by new index inclusions. The pattern is stronger when firms\u2019 management faces contentious proposals in shareholder meetings and may thus need institutional investors\u2019 support. We further show that firms\u2019 giving shifts away from business-relevant politicians and is strongly aligned with the individual campaign donations of the institutional investors\u2019 employees. These results, together with the finding that the effects are larger for more \u201cpartisan\u201d and privately owned investors, suggest that the influence we uncover is driven by institutional investors\u2019 own political views, rather than a profit-maximizing strategy for the portfolio firms.<\/jats:p>","DOI":"10.1093\/restud\/rdag010","type":"journal-article","created":{"date-parts":[[2026,1,22]],"date-time":"2026-01-22T12:52:37Z","timestamp":1769086357000},"source":"Crossref","is-referenced-by-count":0,"title":["Investing in Influence: Investors, Portfolio Firms, and Political Giving"],"prefix":"10.1093","author":[{"given":"Marianne","family":"Bertrand","sequence":"first","affiliation":[{"name":"University of Chicago Booth School of Business, NBER and CEPR ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Matilde","family":"Bombardini","sequence":"additional","affiliation":[{"name":"UC Berkeley Haas School of Business, NBER and CEPR ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Raymond","family":"Fisman","sequence":"additional","affiliation":[{"name":"Boston University and NBER ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Francesco","family":"Trebbi","sequence":"additional","affiliation":[{"name":"UC Berkeley Haas School of Business, NBER and CEPR ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Eyub","family":"Yegen","sequence":"additional","affiliation":[{"name":"Hong Kong University of Science and Technology ,","place":["China"]}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2026,1,24]]},"reference":[{"key":"2026020910242796200_rdag010-B1","doi-asserted-by":"crossref","first-page":"277","DOI":"10.1257\/aer.103.1.277","article-title":"Innovation and Institutional Ownership","volume":"103","author":"Aghion","year":"2013","journal-title":"The American Economic Review"},{"key":"2026020910242796200_rdag010-B2","doi-asserted-by":"crossref","first-page":"1294","DOI":"10.1086\/722414","article-title":"Common Ownership, Competition, and Top Management Incentives","volume":"131","author":"Anton","year":"2022","journal-title":"Journal of Political Economy"},{"key":"2026020910242796200_rdag010-B3","doi-asserted-by":"crossref","first-page":"111","DOI":"10.1016\/j.jfineco.2016.03.003","article-title":"Passive Investors, Not Passive Owners","volume":"121","author":"Appel","year":"2016","journal-title":"Journal of Financial Economics"},{"key":"2026020910242796200_rdag010-B4","doi-asserted-by":"crossref","first-page":"2720","DOI":"10.1093\/rfs\/hhy106","article-title":"Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism","volume":"32","author":"Appel","year":"2019","journal-title":"The Review of Financial Studies"},{"key":"2026020910242796200_rdag010-B5","doi-asserted-by":"crossref","first-page":"999","DOI":"10.3982\/ECTA17906","article-title":"General Equilibrium Oligopoly and Ownership Structure","volume":"89","author":"Azar","year":"2021","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026020910242796200_rdag010-B6","author":"Backus","year":"2019"},{"key":"2026020910242796200_rdag010-B7","first-page":"923","article-title":"Shining Light on Corporate Political Spending","volume":"101","author":"Bebchuk","year":"2013","journal-title":"The Georgetown Law Journal"},{"key":"2026020910242796200_rdag010-B8","doi-asserted-by":"crossref","first-page":"89","DOI":"10.1257\/jep.31.3.89","article-title":"The Agency Problems of Institutional Investors","volume":"31","author":"Bebchuk","year":"2017","journal-title":"Journal of Economic Perspectives"},{"key":"2026020910242796200_rdag010-B9","author":"Bebchuk","year":"2019"},{"key":"2026020910242796200_rdag010-B10","first-page":"923","article-title":"Shining Light on Corporate Political Spending","volume":"101","author":"Bebchuk","year":"2012","journal-title":"The Georgetown Law Journal"},{"key":"2026020910242796200_rdag010-B11","author":"Berle","year":"1932"},{"key":"2026020910242796200_rdag010-B12","doi-asserted-by":"crossref","first-page":"2065","DOI":"10.1257\/aer.20180615","article-title":"Tax-Exempt Lobbying: Corporate Philanthropy as a Tool for Political Influence","volume":"110","author":"Bertrand","year":"2020","journal-title":"The American Economic Review"},{"key":"2026020910242796200_rdag010-B13","doi-asserted-by":"crossref","first-page":"2413","DOI":"10.1093\/qje\/qjab023","article-title":"Hall of Mirrors: Corporate Philanthropy and Strategic Advocacy","volume":"136","author":"Bertrand","year":"2021","journal-title":"The Quarterly Journal of Economics"},{"key":"2026020910242796200_rdag010-B14","author":"Bertrand","year":"2023"},{"key":"2026020910242796200_rdag010-B15","doi-asserted-by":"crossref","first-page":"3885","DOI":"10.1257\/aer.104.12.3885","article-title":"Is It Whom You Know or What You Know? An Empirical Assessment of the Lobbying Process","volume":"104","author":"Bertrand","year":"2014","journal-title":"The American Economic Review"},{"key":"2026020910242796200_rdag010-B16","author":"BoardEx","year":"2019"},{"key":"2026020910242796200_rdag010-B17","author":"Boller","year":"2020"},{"key":"2026020910242796200_rdag010-B18","doi-asserted-by":"crossref","first-page":"320","DOI":"10.1016\/j.jfineco.2020.03.004","article-title":"Investor Ideology","volume":"137","author":"Bolton","year":"2020","journal-title":"Journal of Financial Economics"},{"key":"2026020910242796200_rdag010-B19","doi-asserted-by":"crossref","first-page":"329","DOI":"10.1016\/j.jinteco.2008.03.003","article-title":"Firm Heterogeneity and Lobby Participation","volume":"75","author":"Bombardini","year":"2008","journal-title":"Journal of International Economics"},{"key":"2026020910242796200_rdag010-B20","doi-asserted-by":"crossref","first-page":"587","DOI":"10.1016\/j.jpubeco.2010.11.018","article-title":"Votes or Money? Theory and Evidence From the US Congress","volume":"95","author":"Bombardini","year":"2011","journal-title":"Journal of Public Economics"},{"key":"2026020910242796200_rdag010-B21","doi-asserted-by":"crossref","first-page":"18","DOI":"10.1016\/j.jinteco.2011.11.011","article-title":"Competition and Political Organization: Together or Alone in Lobbying for Trade Policy?","volume":"87","author":"Bombardini","year":"2012","journal-title":"Journal of International Economics"},{"key":"2026020910242796200_rdag010-B22","doi-asserted-by":"crossref","first-page":"391","DOI":"10.1146\/annurev-economics-082019-024350","article-title":"Empirical Models of Lobbying","volume":"12","author":"Bombardini","year":"2020","journal-title":"Annual Review of Economics"},{"key":"2026020910242796200_rdag010-B23","author":"Bombardini","year":"2025"},{"key":"2026020910242796200_rdag010-B24","doi-asserted-by":"crossref","first-page":"367","DOI":"10.1515\/bap-2016-0004","article-title":"Avenues of Influence: On the Political Expenditures of Corporations and Their Directors and Executives","volume":"18","author":"Bonica","year":"2016","journal-title":"Business and Politics"},{"key":"2026020910242796200_rdag010-B25","doi-asserted-by":"crossref","first-page":"171","DOI":"10.1016\/j.jfineco.2017.06.013","article-title":"The Effects of Institutional Investor Objectives on Firm Valuation and Governance","volume":"126","author":"Borochin","year":"2017","journal-title":"Journal of Financial Economics"},{"key":"2026020910242796200_rdag010-B26","doi-asserted-by":"crossref","first-page":"2723","DOI":"10.1093\/rfs\/hhv037","article-title":"The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes","volume":"28","author":"Brav","year":"2015","journal-title":"The Review of Financial Studies"},{"key":"2026020910242796200_rdag010-B27","doi-asserted-by":"crossref","first-page":"237","DOI":"10.1016\/j.jfineco.2018.06.012","article-title":"How Does Hedge Fund Activism Reshape Corporate Innovation?","volume":"130","author":"Brav","year":"2018","journal-title":"Journal of Financial Economics"},{"key":"2026020910242796200_rdag010-B28","doi-asserted-by":"crossref","first-page":"1729","DOI":"10.1111\/j.1540-6261.2008.01373.x","article-title":"Hedge Fund Activism, Corporate Governance, and Firm Performance","volume":"63","author":"Brav","year":"2008","journal-title":"The Journal of Finance"},{"key":"2026020910242796200_rdag010-B29","author":"Brav","year":"2022"},{"key":"2026020910242796200_rdag010-B30","doi-asserted-by":"crossref","first-page":"2758","DOI":"10.1111\/1911-3846.12705","article-title":"Investors\u2019 Perceptions of Activism Via Voting: Evidence From Contentious Shareholder Meetings","volume":"38","author":"Brochet","year":"2021","journal-title":"Contemporary Accounting Research"},{"key":"2026020910242796200_rdag010-B31","doi-asserted-by":"crossref","first-page":"732","DOI":"10.2307\/2095832","article-title":"The Political Partisanship of American Business: A Study of Corporate Political Action Committees","volume":"52","author":"Burris","year":"1987","journal-title":"American Sociological Review"},{"key":"2026020910242796200_rdag010-B32","first-page":"207","article-title":"Do Institutional Investors Prefer Near-Term Earnings Over Long-Run Value?","volume":"18","author":"Bushee","year":"2001","journal-title":"Contemporary Accounting Research"},{"key":"2026020910242796200_rdag010-B33","doi-asserted-by":"crossref","first-page":"245","DOI":"10.1093\/rapstu\/ras004","article-title":"Mutual Fund Industry Selection and Persistence","volume":"2","author":"Busse","year":"2012","journal-title":"Review of Asset Pricing Studies"},{"key":"2026020910242796200_rdag010-B34","doi-asserted-by":"crossref","first-page":"200","DOI":"10.1016\/j.jeconom.2020.12.001","article-title":"Difference-in-Differences with Multiple Time Periods","volume":"225","author":"Callaway","year":"2021","journal-title":"Journal of Econometrics"},{"key":"2026020910242796200_rdag010-B35","doi-asserted-by":"crossref","first-page":"669","DOI":"10.1016\/j.jfineco.2019.04.012","article-title":"Mutual Fund Board Connections and Proxy Voting","volume":"134","author":"Calluzzo","year":"2019","journal-title":"Journal of Financial Economics"},{"key":"2026020910242796200_rdag010-B36","doi-asserted-by":"crossref","first-page":"212","DOI":"10.1093\/rfs\/hhu041","article-title":"Regression Discontinuity and the Price Effects of Stock Market Indexing","volume":"28","author":"Chang","year":"2015","journal-title":"The Review of Financial Studies"},{"key":"2026020910242796200_rdag010-B37","author":"Christoffersen","year":"2015"},{"key":"2026020910242796200_rdag010-B38","author":"Coates","year":"2018"},{"key":"2026020910242796200_rdag010-B39","doi-asserted-by":"crossref","DOI":"10.2307\/jj.15552482","volume-title":"The Problem of Twelve: When a Few Financial Institutions Control Everything","author":"Coates","year":"2023"},{"key":"2026020910242796200_rdag010-B40","author":"Colonnelli","year":"2022"},{"key":"2026020910242796200_rdag010-B41","first-page":"2020","article-title":"Corporate Governance in the Presence of Active and Passive Delegated Investment","volume":"695","author":"Corum","year":"2021","journal-title":"European Corporate Governance Institute\u2013Finance Working Paper"},{"key":"2026020910242796200_rdag010-B42","author":"CRSP","year":"2019"},{"key":"2026020910242796200_rdag010-B43","doi-asserted-by":"crossref","first-page":"163","DOI":"10.1146\/annurev-polisci-100711-135308","article-title":"Advancing the Empirical Research on Lobbying","volume":"17","author":"de Figueiredo","year":"2014","journal-title":"Annual Review of Political Science"},{"key":"2026020910242796200_rdag010-B44","doi-asserted-by":"crossref","DOI":"10.1093\/acprof:oso\/9780190215514.001.0001","volume-title":"The Business of America is Lobbying: How Corporations Became Politicized and Politics Became More Corporate","author":"Drutman","year":"2015"},{"key":"2026020910242796200_rdag010-B45","doi-asserted-by":"crossref","first-page":"693","DOI":"10.1016\/j.jfineco.2018.08.013","article-title":"Do Institutional Investors Drive Corporate Social Responsibility? International Evidence","volume":"131","author":"Dyck","year":"2019","journal-title":"Journal of Financial Economics"},{"key":"2026020910242796200_rdag010-B46","doi-asserted-by":"crossref","first-page":"79","DOI":"10.1093\/rfs\/hhs114","article-title":"The Price of a Ceo\u2019s Rolodex","volume":"26","author":"Engelberg","year":"2013","journal-title":"The Review of Financial Studies"},{"key":"2026020910242796200_rdag010-B47","author":"ETF-Global","year":"2019"},{"key":"2026020910242796200_rdag010-B48","author":"FEC","year":"2019"},{"key":"2026020910242796200_rdag010-B49","author":"Fos","year":"2022"},{"key":"2026020910242796200_rdag010-B50","doi-asserted-by":"crossref","first-page":"000","DOI":"10.1086\/707307","article-title":"Quid Pro Quo? Corporate Returns to Campaign Contributions","volume":"82","author":"Fowler","year":"2020","journal-title":"The Journal of Politics"},{"key":"2026020910242796200_rdag010-B51","doi-asserted-by":"crossref","first-page":"461","DOI":"10.1162\/qjec.2006.121.2.461","article-title":"Institutional Investors and Stock Market Volatility","volume":"121","author":"Gabaix","year":"2006","journal-title":"The Quarterly Journal of Economics"},{"key":"2026020910242796200_rdag010-B52","doi-asserted-by":"crossref","first-page":"229","DOI":"10.1162\/003355301556392","article-title":"Institutional Investors and Equity Prices","volume":"116","author":"Gompers","year":"2001","journal-title":"The Quarterly Journal of Economics"},{"key":"2026020910242796200_rdag010-B53","doi-asserted-by":"crossref","first-page":"254","DOI":"10.1016\/j.jeconom.2021.03.014","article-title":"Difference-in-Differences With Variation in Treatment Timing","volume":"225","author":"Goodman-Bacon","year":"2021","journal-title":"Journal of Econometrics"},{"key":"2026020910242796200_rdag010-B54","doi-asserted-by":"crossref","first-page":"432","DOI":"10.1257\/pandp.20181010","article-title":"Ownership, Concentration, and Investment","volume":"108","author":"Guti\u00e9rrez","year":"2018","journal-title":"AEA Papers and Proceedings"},{"key":"2026020910242796200_rdag010-B55","doi-asserted-by":"crossref","first-page":"91","DOI":"10.1093\/rfs\/hhab023","article-title":"Do Index Funds Monitor?","volume":"35","author":"Heath","year":"2022","journal-title":"The Review of Financial Studies"},{"key":"2026020910242796200_rdag010-B56","doi-asserted-by":"crossref","first-page":"446","DOI":"10.1093\/rfs\/hhu062","article-title":"Are Mutual Funds Active Voters","volume":"28","author":"Iliev","year":"2015","journal-title":"The Review of Financial Studies"},{"key":"2026020910242796200_rdag010-B57","author":"ISS","year":"2024"},{"key":"2026020910242796200_rdag010-B58","doi-asserted-by":"crossref","first-page":"305","DOI":"10.1016\/0304-405X(76)90026-X","article-title":"Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure","volume":"3","author":"Jensen","year":"1976","journal-title":"Journal of Financial Economics"},{"key":"2026020910242796200_rdag010-B59","doi-asserted-by":"crossref","first-page":"269","DOI":"10.1093\/restud\/rdv029","article-title":"Policy Influence and Private Returns from Lobbying in the Energy Sector","volume":"83","author":"Kang","year":"2016","journal-title":"Review of Economic Studies"},{"key":"2026020910242796200_rdag010-B60","doi-asserted-by":"crossref","first-page":"150","DOI":"10.1016\/j.jfineco.2023.02.005","article-title":"Political Ideology and International Capital Allocation","volume":"148","author":"Kempf","year":"2023","journal-title":"Journal of Financial Economics"},{"key":"2026020910242796200_rdag010-B61","first-page":"343","article-title":"The Dynamics of Firm Lobbying","volume":"6","author":"Kerr","year":"2014","journal-title":"American Economic Journal: Economic Policy"},{"key":"2026020910242796200_rdag010-B62","doi-asserted-by":"crossref","first-page":"213","DOI":"10.1111\/jofi.13085","article-title":"Institutional Investors and Corporate Governance: The Incentive to be Engaged","volume":"77","author":"Lewellen","year":"2022","journal-title":"The Journal of Finance"},{"key":"2026020910242796200_rdag010-B63","doi-asserted-by":"crossref","first-page":"1813","DOI":"10.1093\/rfs\/hhab059","article-title":"When Shareholders Disagree: Trading After Shareholder Meetings","volume":"35","author":"Li","year":"2022","journal-title":"The Review of Financial Studies"},{"key":"2026020910242796200_rdag010-B64","doi-asserted-by":"crossref","first-page":"2394","DOI":"10.1086\/701811","article-title":"Overlapping Ownership, R&D Spillovers, and Antitrust Policy","volume":"127","author":"L\u00f3pez","year":"2019","journal-title":"Journal of Political Economy"},{"key":"2026020910242796200_rdag010-B65","doi-asserted-by":"crossref","first-page":"1158","DOI":"10.2307\/2130811","article-title":"Determinants of PAC Participation Among Large Corporations","volume":"47","author":"Masters","year":"1985","journal-title":"The Journal of Politics"},{"key":"2026020910242796200_rdag010-B66","doi-asserted-by":"crossref","first-page":"2905","DOI":"10.1111\/jofi.12393","article-title":"Behind the Scenes: The Corporate Governance Preferences of Institutional Investors","volume":"71","author":"McCahery","year":"2016","journal-title":"The Journal of Finance"},{"key":"2026020910242796200_rdag010-B67","author":"OpenSecrets","year":"2024"},{"key":"2026020910242796200_rdag010-B68","doi-asserted-by":"crossref","first-page":"859","DOI":"10.1093\/rfs\/hhac055","article-title":"Benchmarking Intensity","volume":"36","author":"Pavlova","year":"2023","journal-title":"The Review of Financial Studies"},{"key":"2026020910242796200_rdag010-B69","first-page":"669","article-title":"A Proposal to Limit the Anti-Competitive Power of Institutional Investors","volume":"81","author":"Posner","year":"2017","journal-title":"Antitrust Law Journal"},{"key":"2026020910242796200_rdag010-B70","author":"RepRisk","year":"2024"},{"key":"2026020910242796200_rdag010-B71","doi-asserted-by":"crossref","first-page":"443","DOI":"10.1093\/jleo\/ewx009","article-title":"Campaign Contributions from Corporate Executives in Lieu of Political Action Committees","volume":"33","author":"Richter","year":"2017","journal-title":"Journal of Law, Economics, & Organization"},{"key":"2026020910242796200_rdag010-B72","author":"Sammon","year":"2024"},{"key":"2026020910242796200_rdag010-B73","doi-asserted-by":"crossref","first-page":"413","DOI":"10.1146\/annurev-financial-110217-022747","article-title":"Common-Ownership Concentration and Corporate Conduct","volume":"10","author":"Schmalz","year":"2018","journal-title":"Annual Review of Financial Economics"},{"key":"2026020910242796200_rdag010-B74","doi-asserted-by":"crossref","first-page":"1195","DOI":"10.1086\/261731","article-title":"Campaign Contributions as Investments: The US House of Representatives, 1980\u20131986","volume":"98","author":"Snyder","year":"1990","journal-title":"Journal of Political Economy"},{"key":"2026020910242796200_rdag010-B75","author":"S&P-Global","year":"2019"},{"key":"2026020910242796200_rdag010-B76","doi-asserted-by":"crossref","first-page":"963","DOI":"10.2307\/2991842","article-title":"The Value of Committee Seats in the United States Senate, 1947\u201391","volume":"43","author":"Stewart III","year":"1999","journal-title":"American Journal of Political Science"},{"key":"2026020910242796200_rdag010-B77","author":"Stewart III","year":"2019"},{"key":"2026020910242796200_rdag010-B78","doi-asserted-by":"crossref","first-page":"135","DOI":"10.1007\/s11127-005-4750-3","article-title":"Some Talk: Money in Politics. A (partial) Review of the Literature","volume":"124","author":"Stratmann","year":"2005","journal-title":"Public Choice"},{"key":"2026020910242796200_rdag010-B79","doi-asserted-by":"crossref","first-page":"175","DOI":"10.1016\/j.jeconom.2020.09.006","article-title":"Estimating Dynamic Treatment Effects in Event Studies With Heterogeneous Treatment Effects","volume":"225","author":"Sun","year":"2021","journal-title":"Journal of Econometrics"},{"key":"2026020910242796200_rdag010-B80","author":"Tahoun","year":"2023"},{"key":"2026020910242796200_rdag010-B81","doi-asserted-by":"crossref","first-page":"685","DOI":"10.1162\/rest_a_01321","article-title":"Influence-Seeking in US Corporate Elites\u2019 Campaign Contribution Behavior","volume":"107","author":"Teso","year":"2025","journal-title":"The Review of Economics and Statistics"},{"key":"2026020910242796200_rdag010-B82","doi-asserted-by":"crossref","first-page":"1171","DOI":"10.1086\/707619","article-title":"Moderation or Strategy? Political Giving by Corporations and Trade Groups","volume":"82","author":"Thieme","year":"2020","journal-title":"The Journal of Politics"},{"key":"2026020910242796200_rdag010-B83","author":"Thomson-Reuters","year":"2019"},{"key":"2026020910242796200_rdag010-B84","doi-asserted-by":"crossref","first-page":"131","DOI":"10.2202\/1469-3569.1034","article-title":"Are PAC Contributions and Lobbying Linked? New Evidence From the 1995 Lobby Disclosure Act","volume":"4","author":"Tripathi","year":"2002","journal-title":"Business and Politics"},{"key":"2026020910242796200_rdag010-B85","doi-asserted-by":"crossref","first-page":"281","DOI":"10.1146\/annurev-soc-071913-043215","article-title":"The Political Mobilization of Firms and Industries","volume":"40","author":"Walker","year":"2014","journal-title":"Annual Review of Sociology"},{"key":"2026020910242796200_rdag010-B86","author":"Wermers-WRDS","year":"2019"},{"key":"2026020910242796200_rdag010-B87","author":"WRDS","year":"2019"},{"key":"2026020910242796200_rdag010-B88","author":"Yegen","year":"2019"},{"key":"2026020910242796200_rdag010-B89","author":"Yegen","year":"2020"},{"key":"2026020910242796200_rdag010-B90","doi-asserted-by":"crossref","first-page":"1193","DOI":"10.1287\/mnsc.2019.3454","article-title":"The Missing New Funds","volume":"66","author":"Zhu","year":"2020","journal-title":"Management Science"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdag010\/66564824\/rdag010.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdag010\/66564824\/rdag010.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2026,2,9]],"date-time":"2026-02-09T15:24:41Z","timestamp":1770650681000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/advance-article\/doi\/10.1093\/restud\/rdag010\/8440167"}},"issued":{"date-parts":[[2026,1,24]]},"references-count":90,"URL":"https:\/\/doi.org\/10.1093\/restud\/rdag010","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2026,1,24]]},"article-number":"rdag010"},{"indexed":{"date-parts":[[2026,2,11]],"date-time":"2026-02-11T15:56:30Z","timestamp":1770825390787,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1977,10]]},"DOI":"10.2307\/2296898","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:25:33Z","timestamp":1150403133000},"page":"393","source":"Crossref","is-referenced-by-count":190,"title":["The Noisy Monopolist: Imperfect Information, Price Dispersion and Price Discrimination"],"prefix":"10.1093","volume":"44","author":[{"given":"Steven","family":"Salop","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/44\/3\/393\/4418913\/44-3-393.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T20:57:25Z","timestamp":1503521845000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296898"}},"issued":{"date-parts":[[1977,10]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1977,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2296898","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1977,10]]}},{"indexed":{"date-parts":[[2026,2,15]],"date-time":"2026-02-15T20:50:00Z","timestamp":1771188600721,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1976,10]]},"DOI":"10.2307\/2297231","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:23:36Z","timestamp":1150417416000},"page":"527","source":"Crossref","is-referenced-by-count":26,"title":["On the Possibility of Steadily Growing per capita Consumption in an Economy with a Wasting and Non-Replenishable Resource"],"prefix":"10.1093","volume":"43","author":[{"given":"Hideo","family":"Suzuki","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/43\/3\/527\/4424448\/43-3-527.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T01:10:28Z","timestamp":1503537028000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297231"}},"issued":{"date-parts":[[1976,10]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1976,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2297231","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1976,10]]}},{"indexed":{"date-parts":[[2026,2,15]],"date-time":"2026-02-15T03:40:26Z","timestamp":1771126826938,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1985,1]]},"DOI":"10.2307\/2297476","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:42:51Z","timestamp":1150418571000},"page":"153","source":"Crossref","is-referenced-by-count":153,"title":["Optimal Growth, Resource Amenities and the Preservation of Natural Environments"],"prefix":"10.1093","volume":"52","author":[{"given":"Jeffrey A.","family":"Krautkraemer","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/52\/1\/153\/4433605\/52-1-153.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T02:54:56Z","timestamp":1503543296000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297476"}},"issued":{"date-parts":[[1985,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1985,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2297476","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1985,1]]}},{"indexed":{"date-parts":[[2026,3,13]],"date-time":"2026-03-13T10:47:17Z","timestamp":1773398837230,"version":"3.50.1"},"reference-count":30,"publisher":"Oxford University Press (OUP)","issue":"5","license":[{"start":{"date-parts":[[2023,11,3]],"date-time":"2023-11-03T00:00:00Z","timestamp":1698969600000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/pages\/standard-publication-reuse-rights"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2024,9,5]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>This article studies the effects of higher bank capital requirements. Using new firm-lender matched credit data from South Korea, we document that Basel III coincided with a 25% decline in credit from regulated banks, and an increase of similar magnitude from non-bank (shadow) lenders. We use our data to estimate the effect of capital requirements on bank credit, and the spillover effect of the reform on non-bank lending. We then build a general equilibrium model with heterogeneous banks and firms that replicates these micro estimates. We find that Basel III can account for most of the observed decrease in regulated bank lending and about three quarters of the increase in shadow lending. The latter is driven exclusively by general equilibrium effects of the reform.<\/jats:p>","DOI":"10.1093\/restud\/rdad105","type":"journal-article","created":{"date-parts":[[2023,11,7]],"date-time":"2023-11-07T23:20:08Z","timestamp":1699399208000},"page":"3047-3084","source":"Crossref","is-referenced-by-count":5,"title":["Capital Regulation and Shadow Finance: A Quantitative Analysis"],"prefix":"10.1093","volume":"91","author":[{"given":"Hyunju","family":"Lee","sequence":"first","affiliation":[{"name":"Department of Economics, University of Houston , USA"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Sunyoung","family":"Lee","sequence":"additional","affiliation":[{"name":"Department of Finance, Seoul National University , South Korea"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Radoslaw","family":"Paluszynski","sequence":"additional","affiliation":[{"name":"Department of Economics, University of Houston , USA"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2023,11,3]]},"reference":[{"key":"2024090423525164800_rdad105-B1","author":"Aguiar","year":"2016"},{"key":"2024090423525164800_rdad105-B2","doi-asserted-by":"crossref","first-page":"837","DOI":"10.1111\/ecin.12501","article-title":"Monetary Policy and Anti-Cyclical Bank Capital Regulation","volume":"56","author":"Aliaga-D\u00edaz","year":"2018","journal-title":"Economic Inquiry"},{"key":"2024090423525164800_rdad105-B3","doi-asserted-by":"crossref","first-page":"525","DOI":"10.1086\/696272","article-title":"How Much Do Idiosyncratic Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data","volume":"126","author":"Amiti","year":"2018","journal-title":"Journal of Political Economy"},{"key":"2024090423525164800_rdad105-B4","doi-asserted-by":"crossref","first-page":"315","DOI":"10.1257\/aer.p20151092","article-title":"Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low-Risk Anomaly","volume":"105","author":"Baker","year":"2015","journal-title":"American Economic Review: Papers & Proceedings"},{"key":"2024090423525164800_rdad105-B5","doi-asserted-by":"crossref","first-page":"1748","DOI":"10.1093\/restud\/rdab088","article-title":"Financial Regulation in a Quantitative Model of Modern Banking System","volume":"89","author":"Begenau","year":"2022","journal-title":"The Review of Economic Studies"},{"key":"2024090423525164800_rdad105-B6","doi-asserted-by":"crossref","first-page":"391","DOI":"10.3982\/ECTA16599","article-title":"Banks, Liquidity Management and Monetary Policy","volume":"90","author":"Bianchi","year":"2022","journal-title":"Econometrica"},{"key":"2024090423525164800_rdad105-B7","author":"Blattner","year":"2020"},{"key":"2024090423525164800_rdad105-B8","author":"Buchack","year":"2018"},{"key":"2024090423525164800_rdad105-B9","author":"Buchack","year":"2018"},{"key":"2024090423525164800_rdad105-B10","doi-asserted-by":"crossref","first-page":"2975","DOI":"10.3982\/ECTA16930","article-title":"Capital Requirements in a Quantitative Model of Banking Industry Dynamics","volume":"89","author":"Corbae","year":"2021","journal-title":"Econometrica"},{"key":"2024090423525164800_rdad105-B11","author":"Davydiuk","year":"2019"},{"key":"2024090423525164800_rdad105-B12","author":"Dempsey","year":"2022"},{"key":"2024090423525164800_rdad105-B13","doi-asserted-by":"crossref","first-page":"2097","DOI":"10.1093\/rfs\/hhu022","article-title":"Microprudential Regulation in a Dynamic Model of Banking","volume":"27","author":"De Nicol\u00f2","year":"2014","journal-title":"Review of Financial Studies"},{"key":"2024090423525164800_rdad105-B14","author":"Faria-e-Castro","year":"2020"},{"key":"2024090423525164800_rdad105-B15","author":"Goel","year":"2019"},{"key":"2024090423525164800_rdad105-B16","doi-asserted-by":"crossref","first-page":"2586","DOI":"10.1257\/aer.20181047","article-title":"Bartik Instruments: What, When, Why, and How","volume":"110","author":"Goldsmith-Pinkham","year":"2020","journal-title":"American Economic Review"},{"key":"2024090423525164800_rdad105-B17","doi-asserted-by":"crossref","first-page":"2181","DOI":"10.1093\/rfs\/hhaa106","article-title":"The Rise of Shadow Banking: Evidence from Capital Regulation","volume":"34","author":"Irani","year":"2021","journal-title":"Review of Financial Studies"},{"key":"2024090423525164800_rdad105-B18","author":"Jamilov","year":"2020"},{"key":"2024090423525164800_rdad105-B19","doi-asserted-by":"crossref","first-page":"2301","DOI":"10.1257\/aer.102.5.2301","article-title":"Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications","volume":"102","author":"Jim\u00e9nez","year":"2012","journal-title":"American Economic Review"},{"key":"2024090423525164800_rdad105-B20","author":"Kashyap","year":"2010"},{"key":"2024090423525164800_rdad105-B21","doi-asserted-by":"crossref","first-page":"1413","DOI":"10.1257\/aer.98.4.1413","article-title":"Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market","volume":"98","author":"Khwaja","year":"2008","journal-title":"American Economic Review"},{"key":"2024090423525164800_rdad105-B22","author":"Kim","year":"2019"},{"key":"2024090423525164800_rdad105-B23","doi-asserted-by":"crossref","first-page":"1780","DOI":"10.1093\/rfs\/hhw022","article-title":"The Shadow Cost of Bank Capital Requirements","volume":"29","author":"Kisin","year":"2016","journal-title":"The Review of Financial Studies"},{"key":"2024090423525164800_rdad105-B24","author":"Lee","year":"2022"},{"key":"2024090423525164800_rdad105-B25","doi-asserted-by":"crossref","first-page":"508","DOI":"10.2307\/3003596","article-title":"On the Size Distribution of Business Firms","volume":"9","author":"Lucas","year":"1978","journal-title":"The Bell Journal of Economics"},{"key":"2024090423525164800_rdad105-B26","doi-asserted-by":"crossref","first-page":"473","DOI":"10.1111\/fima.12253","article-title":"Bank Capital Buffers in a Dynamic Model","volume":"49","author":"Mankart","year":"2020","journal-title":"Financial Management"},{"key":"2024090423525164800_rdad105-B27","doi-asserted-by":"crossref","first-page":"55","DOI":"10.1111\/jofi.12735","article-title":"The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects","volume":"74","author":"Morais","year":"2019","journal-title":"The Journal of Finance"},{"key":"2024090423525164800_rdad105-B28","author":"Nguyen","year":"2014"},{"key":"2024090423525164800_rdad105-B29","author":"R\u00edos-Rull","year":"2020"},{"key":"2024090423525164800_rdad105-B30","doi-asserted-by":"crossref","first-page":"298","DOI":"10.1016\/j.jmoneco.2007.12.001","article-title":"The Welfare Cost of Bank Capital Requirements","volume":"55","author":"Van den Heuvel","year":"2008","journal-title":"Journal of Monetary Economics"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdad105\/55562551\/rdad105.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/91\/5\/3047\/58995642\/rdad105.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/91\/5\/3047\/58995642\/rdad105.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,9,5]],"date-time":"2024-09-05T19:01:28Z","timestamp":1725562888000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/91\/5\/3047\/7341980"}},"issued":{"date-parts":[[2023,11,3]]},"references-count":30,"journal-issue":{"issue":"5","published-online":{"date-parts":[[2023,11,3]]},"published-print":{"date-parts":[[2024,9,5]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdad105","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2024,10]]},"published":{"date-parts":[[2023,11,3]]}},{"indexed":{"date-parts":[[2026,5,15]],"date-time":"2026-05-15T03:12:12Z","timestamp":1778814732339,"version":"3.51.4"},"reference-count":39,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[2013,10,1]]},"DOI":"10.1093\/restud\/rdt011","type":"journal-article","created":{"date-parts":[[2013,2,24]],"date-time":"2013-02-24T01:58:59Z","timestamp":1361671139000},"page":"1338-1383","source":"Crossref","is-referenced-by-count":429,"title":["R&amp;D and Productivity: Estimating Endogenous Productivity"],"prefix":"10.1093","volume":"80","author":[{"given":"U.","family":"Doraszelski","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"J.","family":"Jaumandreu","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2013,2,23]]},"reference":[{"key":"2_39814901","doi-asserted-by":"crossref","first-page":"4171","DOI":"10.1016\/S1573-4412(07)06063-1","volume":"6","year":"2007","journal-title":"HANDBOOK OF ECONOMETRICS"},{"key":"6_36144507","doi-asserted-by":"crossref","first-page":"1795","DOI":"10.1111\/1468-0262.00470","volume":"71","year":"2003","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"7_45507796","doi-asserted-by":"crossref","first-page":"5","DOI":"10.1016\/j.jeconom.2007.01.013","volume":"141","year":"2007","ISSN":"https:\/\/id.crossref.org\/issn\/0304-4076","issn-type":"print"},{"key":"8_45507797","first-page":"105","volume":"2","year":"1974","ISSN":"https:\/\/id.crossref.org\/issn\/0022-0515","issn-type":"print"},{"key":"9_29843337","doi-asserted-by":"crossref","first-page":"552","DOI":"10.1086\/383099","volume":"112","year":"2004","journal-title":"Journal of Political Economy","ISSN":"https:\/\/id.crossref.org\/issn\/0022-3808","issn-type":"print"},{"key":"11_45507798","doi-asserted-by":"crossref","first-page":"1312","DOI":"10.1257\/aer.101.4.1312","volume":"101","year":"2011","journal-title":"The American economic review","ISSN":"https:\/\/id.crossref.org\/issn\/0002-8282","issn-type":"print"},{"key":"12_25371862","doi-asserted-by":"crossref","first-page":"71","DOI":"10.1111\/1468-0262.00390","volume":"71","year":"2003","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"13_45507799","first-page":"289","volume":"25","year":"2001","journal-title":"INVESTIGACIONES ECONOMICAS"},{"key":"14_25872989","doi-asserted-by":"crossref","first-page":"841","DOI":"10.2307\/2171802","volume":"63","year":"1995","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"15_30069851","doi-asserted-by":"crossref","first-page":"321","DOI":"10.1080\/07474930008800475","volume":"19","year":"2000","journal-title":"ECONOMETRIC REVIEWS"},{"key":"19_45507800","first-page":"1223","volume":"84","year":"2004","journal-title":"The American economic review","ISSN":"https:\/\/id.crossref.org\/issn\/0002-8282","issn-type":"print"},{"key":"21_28852359","doi-asserted-by":"crossref","first-page":"397","DOI":"10.1016\/S0022-1996(01)00154-4","volume":"57","year":"2002","ISSN":"https:\/\/id.crossref.org\/issn\/0022-1996","issn-type":"print"},{"issue":"1","key":"22_38387325","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1162\/003355302753399436","volume":"117","year":"2002","journal-title":"The Quarterly Journal of Economics","ISSN":"https:\/\/id.crossref.org\/issn\/0033-5533","issn-type":"print"},{"key":"23_34723469","doi-asserted-by":"crossref","first-page":"270","DOI":"10.1111\/1468-0297.00048","volume":"112","year":"2002","journal-title":"ECONOMIC JOURNAL"},{"key":"25_31341484","doi-asserted-by":"crossref","first-page":"333","DOI":"10.1016\/j.jdeveco.2004.06.002","volume":"75","year":"2004","ISSN":"https:\/\/id.crossref.org\/issn\/0304-3878","issn-type":"print"},{"key":"28_31552217","doi-asserted-by":"crossref","first-page":"394","DOI":"10.1257\/aer.98.1.394","volume":"98","year":"2008","journal-title":"The American economic review","ISSN":"https:\/\/id.crossref.org\/issn\/0002-8282","issn-type":"print"},{"key":"29_36409667","first-page":"930","volume":"36","year":"2005","journal-title":"The Rand journal of economics","ISSN":"https:\/\/id.crossref.org\/issn\/0741-6261","issn-type":"print"},{"key":"30_25317943","doi-asserted-by":"crossref","first-page":"92","DOI":"10.2307\/3003321","volume":"10","year":"1979","journal-title":"BELL JOURNAL OF ECONOMICS"},{"key":"35_30930900","doi-asserted-by":"crossref","first-page":"175","DOI":"10.1016\/0304-4076(94)01601-U","volume":"65","year":"1995","ISSN":"https:\/\/id.crossref.org\/issn\/0304-4076","issn-type":"print"},{"key":"36_45507801","first-page":"1978","volume":"95","year":"2008","journal-title":"The American economic review","ISSN":"https:\/\/id.crossref.org\/issn\/0002-8282","issn-type":"print"},{"key":"38_38317135","doi-asserted-by":"crossref","first-page":"263","DOI":"10.1016\/0304-4076(94)01604-X","volume":"65","year":"1995","ISSN":"https:\/\/id.crossref.org\/issn\/0304-4076","issn-type":"print"},{"key":"40_25014614","doi-asserted-by":"crossref","first-page":"1029","DOI":"10.2307\/1912775","volume":"50","year":"1982","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"41_30664024","doi-asserted-by":"crossref","first-page":"300","DOI":"10.1257\/000282804322970814","volume":"94","year":"2004","journal-title":"The American economic review","ISSN":"https:\/\/id.crossref.org\/issn\/0002-8282","issn-type":"print"},{"key":"44_39239938","doi-asserted-by":"crossref","first-page":"502","DOI":"10.2307\/2555841","volume":"27","year":"1996","journal-title":"The Rand journal of economics","ISSN":"https:\/\/id.crossref.org\/issn\/0741-6261","issn-type":"print"},{"issue":"2","key":"45_39022472","doi-asserted-by":"publisher","first-page":"317","DOI":"10.1111\/1467-937X.00246","volume":"70","year":"2003","journal-title":"The Review of Economic Studies","ISSN":"https:\/\/id.crossref.org\/issn\/0034-6527","issn-type":"print"},{"issue":"3","key":"46_39024109","doi-asserted-by":"publisher","first-page":"735","DOI":"10.1111\/j.1467-937X.2005.00350.x","volume":"72","year":"2005","journal-title":"The Review of Economic Studies","ISSN":"https:\/\/id.crossref.org\/issn\/0034-6527","issn-type":"print"},{"key":"49_30069859","doi-asserted-by":"crossref","first-page":"143","DOI":"10.2307\/1905432","volume":"12","year":"1944","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"51_45507802","first-page":"45","volume":"34","year":"1996","journal-title":"Economic Inquiry","ISSN":"https:\/\/id.crossref.org\/issn\/0095-2583","issn-type":"print"},{"key":"52_37384159","doi-asserted-by":"crossref","first-page":"809","DOI":"10.2307\/2938351","volume":"58","year":"1990","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"53_45507824","doi-asserted-by":"crossref","first-page":"419","DOI":"10.1016\/S0169-7161(05)80051-3","volume":"11","year":"1993","journal-title":"HANDBOOK OF STATISTICS"},{"key":"54_35147001","doi-asserted-by":"crossref","first-page":"565","DOI":"10.1111\/1468-0262.00037","volume":"67","year":"1999","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"55_26862662","doi-asserted-by":"crossref","first-page":"1263","DOI":"10.2307\/2171831","volume":"64","year":"1996","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"56_40107723","doi-asserted-by":"crossref","first-page":"349","DOI":"10.1016\/j.ijindorg.2005.07.002","volume":"24","year":"2006","journal-title":"INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION"},{"issue":"2","key":"57_38401240","doi-asserted-by":"publisher","first-page":"243","DOI":"10.2307\/2297690","volume":"51","year":"1984","journal-title":"The Review of Economic Studies","ISSN":"https:\/\/id.crossref.org\/issn\/0034-6527","issn-type":"print"},{"key":"59_29964963","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1111\/1368-423X.t01-1-00071","volume":"5","year":"2002","journal-title":"ECONOMETRICS JOURNAL"},{"key":"60_45507804","doi-asserted-by":"crossref","first-page":"909","DOI":"10.1016\/0014-2921(95)00100-X","volume":"40","year":"1996","ISSN":"https:\/\/id.crossref.org\/issn\/0014-2921","issn-type":"print"},{"key":"61_27213106","doi-asserted-by":"crossref","first-page":"931","DOI":"10.2307\/1912705","volume":"56","year":"1988","ISSN":"https:\/\/id.crossref.org\/issn\/0012-9682","issn-type":"print"},{"key":"62_25765729","doi-asserted-by":"crossref","first-page":"1052","DOI":"10.2307\/2233173","volume":"96","year":"1986","journal-title":"ECONOMIC JOURNAL"},{"key":"63_39566934","doi-asserted-by":"crossref","first-page":"112","DOI":"10.1016\/j.econlet.2009.04.026","volume":"104","year":"2009","ISSN":"https:\/\/id.crossref.org\/issn\/0165-1765","issn-type":"print"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/80\/4\/1338\/18386585\/rdt011.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T01:21:33Z","timestamp":1503537693000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1093\/restud\/rdt011"}},"issued":{"date-parts":[[2013,2,23]]},"references-count":39,"journal-issue":{"issue":"4","published-online":{"date-parts":[[2013,10,17]]},"published-print":{"date-parts":[[2013,10,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdt011","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2013,2,23]]}},{"indexed":{"date-parts":[[2026,5,14]],"date-time":"2026-05-14T12:00:14Z","timestamp":1778760014545,"version":"3.51.4"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1965,4]]},"DOI":"10.2307\/2296060","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:02:34Z","timestamp":1150416154000},"page":"161","source":"Crossref","is-referenced-by-count":47,"title":["Disembodied Technical Change in a Two-Sector Model"],"prefix":"10.1093","volume":"32","author":[{"given":"Peter A.","family":"Diamond","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/32\/2\/161\/4437913\/32-2-161.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T03:15:07Z","timestamp":1503544507000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296060"}},"issued":{"date-parts":[[1965,4]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1965,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2296060","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1965,4]]}},{"indexed":{"date-parts":[[2026,5,15]],"date-time":"2026-05-15T01:28:41Z","timestamp":1778808521801,"version":"3.51.4"},"reference-count":67,"publisher":"Oxford University Press (OUP)","issue":"4","license":[{"start":{"date-parts":[[2020,11,12]],"date-time":"2020-11-12T00:00:00Z","timestamp":1605139200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/journals\/pages\/open_access\/funder_policies\/chorus\/standard_publication_model"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2021,7,17]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>This article develops a search and matching model of mergers and acquisitions (M&amp;A) and uses it to evaluate the implications of merger activity for aggregate economic outcomes. The theory is consistent with a rich set of facts on U.S. M&amp;A, including sorting among merging firms, a substantial merger premium and serial acquisition. It provides a sharp link between these facts and the nature of merger gains. At the micro-level, both complementarities between merging firms and productivity improvements of target firms are important in generating gains. At the macro-level, the model suggests a significant beneficial impact of M&amp;A on aggregate outcomes\u2014the contribution to steady state output is 14$\\%$ and 4$\\%$ for consumption\u2014which occurs through the reallocation of resources across firms and equilibrium effects on firm selection and new entrepreneurship. Nevertheless, the economy is not efficient, suggesting a scope for policy improvements\u2014a simple flat tax on M&amp;A can raise steady state consumption as much as 2$\\%$ relative to the laissez-faire equilibrium. In short, the boundaries of the firm can matter for macroeconomic outcomes.<\/jats:p>","DOI":"10.1093\/restud\/rdaa077","type":"journal-article","created":{"date-parts":[[2020,11,2]],"date-time":"2020-11-02T20:13:55Z","timestamp":1604348035000},"page":"1796-1830","source":"Crossref","is-referenced-by-count":45,"title":["The Aggregate Implications of Mergers and Acquisitions"],"prefix":"10.1093","volume":"88","author":[{"given":"Joel M","family":"David","sequence":"first","affiliation":[{"name":"Federal Reserve Bank of Chicago"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2020,11,12]]},"reference":[{"key":"2021071716491222600_B1","doi-asserted-by":"crossref","first-page":"3450","DOI":"10.1257\/aer.20130470","article-title":"Innovation, Reallocation, and Growth","volume":"108","author":"ACEMOGLU,","year":"2018","journal-title":"American Economic Review"},{"key":"2021071716491222600_B2","doi-asserted-by":"crossref","first-page":"530","DOI":"10.1016\/j.jfineco.2011.09.003","article-title":"Bargaining Power and Industry Dependence in Mergers","volume":"103","author":"AHERN,","year":"2012","journal-title":"Journal of Financial Economics"},{"key":"2021071716491222600_B3","doi-asserted-by":"crossref","first-page":"543","DOI":"10.1016\/j.jcorpfin.2009.01.006","article-title":"Learning, Hubris and Corporate Serial Acquisitions","volume":"15","author":"AKTAS,","year":"2009","journal-title":"Journal of Corporate Finance"},{"key":"2021071716491222600_B4","doi-asserted-by":"crossref","first-page":"18","DOI":"10.1016\/j.jcorpfin.2010.07.002","article-title":"Serial Acquirer Bidding: An Empirical Test of the Learning Hypothesis","volume":"17","author":"AKTAS,","year":"2011","journal-title":"Journal of Corporate Finance"},{"key":"2021071716491222600_B5","doi-asserted-by":"crossref","first-page":"99","DOI":"10.1016\/j.jfineco.2012.10.010","article-title":"Learning from Repetitive Acquisitions: Evidence from the Time Between Deals","volume":"108","author":"AKTAS,","year":"2013","journal-title":"Journal of Financial Economics"},{"key":"2021071716491222600_B6","doi-asserted-by":"crossref","first-page":"103","DOI":"10.1257\/jep.15.2.103","article-title":"New Evidence And Perspectives on Mergers","volume":"15","author":"ANDRADE,","year":"2001","journal-title":"Journal of Economic Perspectives"},{"key":"2021071716491222600_B7","doi-asserted-by":"crossref","first-page":"667","DOI":"10.1111\/j.1468-0262.2006.00678.x","article-title":"Assortative Matching with Explicit Search Costs","volume":"74","author":"ATAKAN,","year":"2006","journal-title":"Econometrica"},{"key":"2021071716491222600_B8","doi-asserted-by":"crossref","first-page":"433","DOI":"10.1086\/653690","article-title":"Innovation, Firm Dynamics, and International Trade","volume":"118","author":"ATKESON,","year":"2010","journal-title":"Journal of Political Economy"},{"key":"2021071716491222600_B9","doi-asserted-by":"crossref","first-page":"1818","DOI":"10.1126\/science.1062081","article-title":"Zipf Distribution of U.S. Firm Sizes","volume":"293","author":"AXTELL,","year":"2001","journal-title":"Science"},{"key":"2021071716491222600_B10","doi-asserted-by":"crossref","first-page":"695","DOI":"10.1093\/rfs\/hhs119","article-title":"Using Option Prices to Infer Overpayments and Synergies in M&A Transactions","volume":"26","author":"BARRACLOUGH,","year":"2013","journal-title":"The Review of Financial Studies"},{"key":"2021071716491222600_B11","doi-asserted-by":"crossref","first-page":"305","DOI":"10.1257\/aer.103.1.305","article-title":"Cross-Country Differences in Productivity: The Role of Allocation and Selection","volume":"103","author":"BARTELSMAN,","year":"2013","journal-title":"American Economic Review"},{"key":"2021071716491222600_B12","doi-asserted-by":"crossref","first-page":"1268","DOI":"10.1257\/000282803769206296","article-title":"Plants and Productivity in International Trade","volume":"93","author":"BERNARD,","year":"2003","journal-title":"American Economic Review"},{"key":"2021071716491222600_B13","first-page":"289","article-title":"Corporate Takeovers","volume":"2","author":"BETTON,","year":"2008","journal-title":"Handbook of Corporate Finance: Empirical Corporate Finance"},{"key":"2021071716491222600_B14","doi-asserted-by":"crossref","first-page":"3","DOI":"10.1016\/j.jfineco.2004.05.002","article-title":"Do Tender Offers Create Value? New Methods and Evidence","volume":"76","author":"BHAGAT,","year":"2005","journal-title":"Journal of Financial Economics"},{"key":"2021071716491222600_B15","doi-asserted-by":"crossref","DOI":"10.3386\/w26711","article-title":"Misallocation or Mismeasurement?","author":"BILS,","year":"2020"},{"key":"2021071716491222600_B16","doi-asserted-by":"crossref","first-page":"847","DOI":"10.1111\/j.1540-6261.2007.01225.x","article-title":"How Are Firms Sold?","volume":"62","author":"BOONE,","year":"2007","journal-title":"Journal of Finance"},{"key":"2021071716491222600_B17","doi-asserted-by":"crossref","first-page":"445","DOI":"10.1111\/fima.12026","article-title":"When Does a Merger Create Value? Using Option Prices to Elicit Market Beliefs","volume":"43","author":"BOROCHIN,","year":"2014","journal-title":"Financial Management"},{"key":"2021071716491222600_B18","doi-asserted-by":"crossref","first-page":"493","DOI":"10.1257\/jel.20150777","article-title":"Sorting Through Search and Matching Models in Economics","volume":"55","author":"CHADE,","year":"2017","journal-title":"Journal of Economic Literature"},{"key":"2021071716491222600_B19","article-title":"Available by subscription","volume-title":"Retrieved from Wharton Research Data Service","year":"1977-2009"},{"key":"2021071716491222600_B20","doi-asserted-by":"crossref","first-page":"943","DOI":"10.1093\/qje\/qjw006","article-title":"Information, Misallocation, and Aggregate Productivity","volume":"131","author":"DAVID,","year":"2016","journal-title":"The Quarterly Journal of Economics"},{"key":"2021071716491222600_B21","volume-title":"Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions","author":"DEPAMPHILIS,","year":"2009"},{"key":"2021071716491222600_B22","doi-asserted-by":"crossref","DOI":"10.1016\/j.jcorpfin.2008.09.016","article-title":"Bidding Strategies and Takeover Premiums: A Review","author":"ECKBO,","year":"2009","journal-title":"Journal of Corporate Finance"},{"key":"2021071716491222600_B23","doi-asserted-by":"crossref","first-page":"51","DOI":"10.1146\/annurev-financial-110112-120938","article-title":"Corporate Takeovers and Economic Efficiency","volume":"6","author":"ECKBO,","year":"2014","journal-title":"Annual Review of Financial Economics"},{"key":"2021071716491222600_B24","doi-asserted-by":"crossref","first-page":"539","DOI":"10.3982\/ECTA7953","article-title":"Sorting and Decentralized Price Competition","volume":"78","author":"EECKHOUT,","year":"2010","journal-title":"Econometrica"},{"key":"2021071716491222600_B25","doi-asserted-by":"crossref","first-page":"872","DOI":"10.1093\/restud\/rdq034","article-title":"Identifying Sorting\u2014In Theory","volume":"78","author":"EECKHOUT,","year":"2011","journal-title":"The Review of Economic Studies"},{"key":"2021071716491222600_B26","doi-asserted-by":"crossref","first-page":"369","DOI":"10.1016\/j.jmoneco.2005.04.006","article-title":"Capital Reallocation and Liquidity","volume":"53","author":"EISFELDT,","year":"2006","journal-title":"Journal of Monetary Economics"},{"key":"2021071716491222600_B27","doi-asserted-by":"crossref","first-page":"177","DOI":"10.1016\/j.jfineco.2006.11.007","article-title":"Managerial Incentives, Capital Reallocation, and the Business Cycle","volume":"87","author":"EISFELDT,","year":"2008","journal-title":"Journal of Financial Economics"},{"key":"2021071716491222600_B28","doi-asserted-by":"crossref","first-page":"71","DOI":"10.1016\/j.jet.2007.02.005","article-title":"Mergers and the Market for Organization Capital","volume":"138","author":"FARIA,","year":"2008","journal-title":"Journal of Economic Theory"},{"key":"2021071716491222600_B29","first-page":"685","article-title":"Scale Economies and Synergies in Horizontal Merger Analysis","volume":"68","author":"FARRELL,","year":"2001","journal-title":"Antitrust Law Journal"},{"key":"2021071716491222600_B30","doi-asserted-by":"crossref","first-page":"1763","DOI":"10.1111\/1540-6261.00477","article-title":"What Do Returns to Acquiring Firms Tell Us? Evidence from Firms That Make Many Acquisitions","volume":"57","author":"FULLER,","year":"2002","journal-title":"The Journal of Finance"},{"key":"2021071716491222600_B31","doi-asserted-by":"crossref","first-page":"314","DOI":"10.1016\/j.jfineco.2015.02.005","article-title":"Extraordinary Acquirers","volume":"116","author":"GOLUBOV,","year":"2015","journal-title":"Journal of Financial Economics"},{"key":"2021071716491222600_B32","doi-asserted-by":"crossref","first-page":"29","DOI":"10.3982\/ECTA11301","article-title":"Identifying Equilibrium Models of Labor Market Sorting","volume":"85","author":"HAGEDORN,","year":"2017","journal-title":"Econometrica"},{"key":"2021071716491222600_B33","doi-asserted-by":"crossref","first-page":"347","DOI":"10.1162\/REST_a_00288","article-title":"Who Creates Jobs? Small Versus Large Versus Young","volume":"95","author":"HALTIWANGER,","year":"2013","journal-title":"Review of Economics and Statistics"},{"key":"2021071716491222600_B34","doi-asserted-by":"crossref","first-page":"529","DOI":"10.1016\/j.jfineco.2004.05.004","article-title":"What Drives Merger Waves?","volume":"77","author":"HARFORD,","year":"2005","journal-title":"Journal of Financial Economics"},{"key":"2021071716491222600_B35","doi-asserted-by":"crossref","first-page":"5","DOI":"10.2307\/3666381","article-title":"What Is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies","volume":"32","author":"HIETALA,","year":"2003","journal-title":"Financial Management"},{"key":"2021071716491222600_B36","doi-asserted-by":"crossref","first-page":"1127","DOI":"10.2307\/2951541","article-title":"Entry, Exit, and Firm Dynamics in Long Run Equilibrium","volume":"60","author":"HOPENHAYN,","year":"1992","journal-title":"Econometrica"},{"key":"2021071716491222600_B37","doi-asserted-by":"crossref","first-page":"1035","DOI":"10.1093\/qje\/qju014","article-title":"The Life Cycle of Plants in India and Mexico","volume":"129","author":"HSIEH,","year":"2014","journal-title":"The Quarterly Journal of Economics"},{"key":"2021071716491222600_B38","doi-asserted-by":"crossref","first-page":"46","DOI":"10.1257\/000282804322970698","article-title":"Bidder Discounts and Target Premia in Takeovers","volume":"94","author":"JOVANOVIC,","year":"2004","journal-title":"American Economic Review"},{"key":"2021071716491222600_B39","doi-asserted-by":"crossref","first-page":"198","DOI":"10.1257\/000282802320189249","article-title":"The Q-Theory of Mergers","volume":"92","author":"JOVANOVIC,","year":"2002","journal-title":"American Economic Review"},{"key":"2021071716491222600_B40","doi-asserted-by":"crossref","first-page":"765","DOI":"10.1162\/rest.90.4.765","article-title":"Mergers as Reallocation","volume":"90","author":"JOVANOVIC,","year":"2008","journal-title":"Review of Economics and Statistics"},{"key":"2021071716491222600_B41","article-title":"Mergers and Technological Change: 1885-1998","author":"JOVANOVIC,","year":"2001"},{"key":"2021071716491222600_B42","doi-asserted-by":"crossref","first-page":"1436","DOI":"10.1016\/j.jet.2010.02.013","article-title":"Sorting by Search Intensity","volume":"145","author":"LENTZ,","year":"2010","journal-title":"Journal of Economic Theory"},{"key":"2021071716491222600_B43","first-page":"3","article-title":"Self-Selection Models in Corporate Finance","author":"LI,","year":"2007","journal-title":"Handbook of Corporate Finance: Empirical Corporate Finance"},{"key":"2021071716491222600_B44","doi-asserted-by":"crossref","first-page":"508","DOI":"10.2307\/3003596","article-title":"On the Size Distribution of Business Firms","volume":"9","author":"LUCAS,","year":"1978","journal-title":"Bell Journal of Economics"},{"key":"2021071716491222600_B45","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1086\/674363","article-title":"Knowledge Growth and the Allocation of Time","volume":"122","author":"LUCAS,","year":"2014","journal-title":"Journal of Political Economy"},{"key":"2021071716491222600_B46","doi-asserted-by":"crossref","first-page":"2019","DOI":"10.1111\/0022-1082.00398","article-title":"The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains?","volume":"56","author":"MAKSIMOVIC,","year":"2001","journal-title":"Journal of Finance"},{"key":"2021071716491222600_B47","doi-asserted-by":"crossref","first-page":"3212","DOI":"10.1093\/rfs\/hhy009","article-title":"Winning by Losing: Evidence on the Long-Run Effects of Mergers","volume":"31","author":"MALMENDIER,","year":"2018","journal-title":"The Review of Financial Studies"},{"key":"2021071716491222600_B48","doi-asserted-by":"crossref","first-page":"92","DOI":"10.1016\/j.jfineco.2015.08.013","article-title":"Target Revaluation After Failed Takeover Attempts: Cash Versus Stock","volume":"119","author":"MALMENDIER,","year":"2016","journal-title":"Journal of Financial Economics"},{"key":"2021071716491222600_B49","article-title":"The Search for Corporate Control","author":"MARTOS-VILA,","year":"2008"},{"key":"2021071716491222600_B50","article-title":"Do Wealth Creating Mergers and Acquisitions Really Hurt Acquirer Shareholders?","author":"MASULIS,","year":"2008"},{"key":"2021071716491222600_B51","first-page":"1","article-title":"The Direct Entry Versus Takeover Decision and Stock Price Performance Around Takeovers","author":"MCCARDLE,","year":"1994","journal-title":"Journal of Business"},{"key":"2021071716491222600_B52","doi-asserted-by":"crossref","first-page":"1695","DOI":"10.1111\/1468-0262.00467","article-title":"The Impact of Trade on Intra-industry Reallocations and Aggregate Industry Productivity","volume":"71","author":"MELITZ,","year":"2003","journal-title":"Econometrica"},{"key":"2021071716491222600_B53","doi-asserted-by":"crossref","first-page":"201","DOI":"10.1016\/j.jfineco.2003.07.002","article-title":"Firm Size and the Gains from Acquisitions","volume":"73","author":"MOELLER,","year":"2004","journal-title":"Journal of Financial Economics"},{"key":"2021071716491222600_B54","doi-asserted-by":"crossref","first-page":"431","DOI":"10.1016\/S0304-405X(03)00119-3","article-title":"Termination Fees in Mergers and Acquisitions","volume":"69","author":"OFFICER,","year":"2003","journal-title":"Journal of Financial Economics"},{"key":"2021071716491222600_B55","doi-asserted-by":"crossref","first-page":"52","DOI":"10.1086\/674362","article-title":"Equilibrium Imitation and Growth","volume":"122","author":"PERLA,","year":"2014","journal-title":"Journal of Political Economy"},{"key":"2021071716491222600_B56","doi-asserted-by":"crossref","first-page":"34","DOI":"10.1093\/rfs\/hhs109","article-title":"R&D and the Incentives from Merger and Acquisition Activity","volume":"26","author":"PHILLIPS,","year":"2012","journal-title":"The Review of Financial Studies"},{"key":"2021071716491222600_B57","article-title":"Available by subscription","year":"1977-2009"},{"key":"2021071716491222600_B58","doi-asserted-by":"crossref","first-page":"1169","DOI":"10.1111\/j.1540-6261.2008.01355.x","article-title":"The Market for Mergers and the Boundaries of the Firm","volume":"63","author":"RHODES-KROPF,","year":"2008","journal-title":"Journal of Finance"},{"key":"2021071716491222600_B59","doi-asserted-by":"crossref","first-page":"561","DOI":"10.1016\/j.jfineco.2004.06.015","article-title":"Valuation Waves and Merger activity: The Empirical Evidence","volume":"77","author":"RHODES-KROPF,","year":"2005","journal-title":"Journal of Financial Economics"},{"key":"2021071716491222600_B60","doi-asserted-by":"crossref","first-page":"2379","DOI":"10.1111\/1540-6261.00500","article-title":"Effects of Corporate Diversification on Productivity","volume":"57","author":"SCHOAR,","year":"2002","journal-title":"Journal of Finance"},{"key":"2021071716491222600_B61","doi-asserted-by":"crossref","first-page":"343","DOI":"10.1111\/1468-0262.00112","article-title":"Assortative Matching and Search","volume":"68","author":"SHIMER,","year":"2000","journal-title":"Econometrica"},{"key":"2021071716491222600_B62","first-page":"5","article-title":"Matching, Search, and Heterogeneity","volume":"1","author":"SHIMER,","year":"2001","journal-title":"BE Journal of Macroeconomics"},{"key":"2021071716491222600_B63","article-title":"Table 7. Survival of Private Sector Establishments by Opening Year","year":"1994-2011"},{"key":"2021071716491222600_B64","article-title":"CPI for All Urban Consumers (CPI-U)","year":"1977-2009"},{"key":"2021071716491222600_B65","article-title":"Economy-Wide Table","year":"1980-2010"},{"key":"2021071716491222600_B66","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.2022413","article-title":"Are Takeovers Really Bad Deals for the Acquirers?","author":"WANG,","year":"2012"},{"key":"2021071716491222600_B67","volume-title":"Corporate Finance: An Introduction","author":"WELCH,","year":"2009"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdaa077\/36216681\/rdaa077.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/88\/4\/1796\/39073938\/rdaa077.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/88\/4\/1796\/39073938\/rdaa077.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2021,7,17]],"date-time":"2021-07-17T16:50:37Z","timestamp":1626540637000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/88\/4\/1796\/5976980"}},"editor":[{"given":"Michele","family":"Tertilt","sequence":"additional","affiliation":[],"role":[{"role":"editor","vocabulary":"crossref"}]}],"issued":{"date-parts":[[2020,11,12]]},"references-count":67,"journal-issue":{"issue":"4","published-online":{"date-parts":[[2020,11,12]]},"published-print":{"date-parts":[[2021,7,17]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdaa077","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2021,7,1]]},"published":{"date-parts":[[2020,11,12]]}},{"indexed":{"date-parts":[[2026,5,11]],"date-time":"2026-05-11T10:18:01Z","timestamp":1778494681596,"version":"3.51.4"},"reference-count":54,"publisher":"Oxford University Press (OUP)","issue":"3","license":[{"start":{"date-parts":[[2025,8,5]],"date-time":"2025-08-05T00:00:00Z","timestamp":1754352000000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/pages\/standard-publication-reuse-rights"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2026,5,11]]},"abstract":"<jats:title>Abstract<\/jats:title>\n                  <jats:p>This paper shows that the growing disparities between big and small cities in the U.S. since 1980 can be explained by firms endogenously responding to a skill-biased technology shock. With the introduction of a new skill-biased technology that is high fixed cost but low marginal cost, firms endogenously adopt more in big cities, cities that offer abundant amenities for high-skilled workers, and cities that are more productive in using high-skilled labour. In cities with more adoption, small and unproductive firms are more likely to exit the market, increasing the equilibrium rate of turnover or business dynamism\u2014a selection effect similar to Melitz (2003). Differences in technology adoption and selection account for three key components of the growing regional disparities, known as the Great Divergence: (1) big cities saw a larger increase in the relative wages and supply of skilled workers, (2) big cities saw a smaller decline in business dynamism, and (3) firms in big cities invest more intensively in information and communication technology.<\/jats:p>","DOI":"10.1093\/restud\/rdaf063","type":"journal-article","created":{"date-parts":[[2025,7,28]],"date-time":"2025-07-28T11:24:02Z","timestamp":1753701842000},"page":"2099-2132","source":"Crossref","is-referenced-by-count":2,"title":["The Geography of Business Dynamism and Skill-Biased Technical Change"],"prefix":"10.1093","volume":"93","author":[{"given":"Hannah","family":"Rubinton","sequence":"first","affiliation":[{"name":"Federal Reserve Bank of St. Louis ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2025,8,5]]},"reference":[{"key":"2026051106070205200_rdaf063-B1","doi-asserted-by":"crossref","first-page":"45","DOI":"10.1093\/restud\/rdab002","article-title":"Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach","volume":"89","author":"Achdou","year":"2021","journal-title":"The Review of Economic Studies"},{"key":"2026051106070205200_rdaf063-B2","doi-asserted-by":"crossref","first-page":"477","DOI":"10.1162\/REST_a_00550","article-title":"What Are Cities Worth? Land Rents, Local Productivity, and the Total Value of Amenities","volume":"98","author":"Albouy","year":"2016","journal-title":"The Review of Economics and Statistics"},{"key":"2026051106070205200_rdaf063-B3","doi-asserted-by":"crossref","first-page":"89","DOI":"10.1093\/qje\/qjv039","article-title":"A Unified Theory of Firm Selection and Growth","volume":"131","author":"Arkolakis","year":"2016","journal-title":"The Quarterly Journal of Economics"},{"key":"2026051106070205200_rdaf063-B4","doi-asserted-by":"crossref","first-page":"295","DOI":"10.1111\/j.1467-937X.2006.00377.x","article-title":"Firm Turnover in Imperfectly Competitive Markets","volume":"73","author":"Asplund","year":"2006","journal-title":"Review of Economic Studies"},{"key":"2026051106070205200_rdaf063-B5","doi-asserted-by":"crossref","first-page":"151","DOI":"10.1353\/eca.2018.0002","article-title":"Jobs for the Heartland: Place-Based Policies in 21st-Century America","volume":"49","author":"Austin","year":"2018","journal-title":"Brookings Papers on Economic Activity"},{"key":"2026051106070205200_rdaf063-B6","author":"Autor","year":"2016"},{"key":"2026051106070205200_rdaf063-B7","first-page":"161","article-title":"When Work Disappears: Manufacturing Decline and the Falling Marriage Market Value of Young Men","volume":"1","author":"Autor","year":"2019","journal-title":"American Economic Review: Insights"},{"key":"2026051106070205200_rdaf063-B9","doi-asserted-by":"crossref","first-page":"300","DOI":"10.1162\/rest.90.2.300","article-title":"Trends in U.S. Wage Inequality: Revising the Revisionists","volume":"90","author":"Autor","year":"2008","journal-title":"The Review of Economics and Statistics"},{"key":"2026051106070205200_rdaf063-B10","first-page":"1072","article-title":"Productivity Growth, Convergence, and Welfare: What the Long-Run Data Show","volume":"76","author":"Baumol","year":"1986","journal-title":"The American Economic Review"},{"key":"2026051106070205200_rdaf063-B11","first-page":"1","article-title":"Why Has Urban Inequality Increased?","volume":"10","author":"Baum-Snow","year":"2018","journal-title":"American Economic Journal: Applied Economics"},{"key":"2026051106070205200_rdaf063-B12","doi-asserted-by":"crossref","first-page":"988","DOI":"10.1086\/658371","article-title":"Should the Personal Computer Be Considered a Technological Revolution? Evidence from U.S. Metropolitan Areas","volume":"118","author":"Beaudry","year":"2010","journal-title":"Journal of Political Economy"},{"key":"2026051106070205200_rdaf063-B13","doi-asserted-by":"crossref","first-page":"507","DOI":"10.1086\/675534","article-title":"Productive Cities: Sorting, Selection, and Agglomeration","volume":"122","author":"Behrens","year":"2014","journal-title":"Journal of Political Economy"},{"key":"2026051106070205200_rdaf063-B14","doi-asserted-by":"crossref","first-page":"541","DOI":"10.1162\/qjec.2006.121.2.541","article-title":"Globalization and the Gains From Variety","volume":"121","author":"Broda","year":"2006","journal-title":"The Quarterly Journal of Economics"},{"key":"2026051106070205200_rdaf063-B15","doi-asserted-by":"crossref","first-page":"304","DOI":"10.1257\/aer.101.1.304","article-title":"Trade Liberalization, Exports, and Technology Upgrading: Evidence on the Impact of MERCOSUR on Argentinian Firms","volume":"101","author":"Bustos","year":"2011","journal-title":"American Economic Review"},{"key":"2026051106070205200_rdaf063-B16","doi-asserted-by":"crossref","first-page":"1163","DOI":"10.1093\/qje\/qjy006","article-title":"The Impacts of Neighborhoods on Intergenerational Mobility II: County-Level Estimates","volume":"133","author":"Chetty","year":"2018","journal-title":"The Quarterly Journal of Economics"},{"key":"2026051106070205200_rdaf063-B17","doi-asserted-by":"crossref","first-page":"1750","DOI":"10.1001\/jama.2016.4226","article-title":"The Association Between Income and Life Expectancy in the United States, 2001\u20132014","volume":"315","author":"Chetty","year":"2016","journal-title":"JAMA"},{"key":"2026051106070205200_rdaf063-B18","doi-asserted-by":"crossref","first-page":"2543","DOI":"10.3982\/ECTA8442","article-title":"The Productivity Advantages of Large Cities: Distinguishing Agglomeration From Firm Selection","volume":"80","author":"Combes","year":"2012","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026051106070205200_rdaf063-B19","author":"Davis","year":"2019"},{"key":"2026051106070205200_rdaf063-B20","author":"Davis","year":"2014"},{"key":"2026051106070205200_rdaf063-B21","doi-asserted-by":"crossref","first-page":"153","DOI":"10.1257\/aer.20130249","article-title":"A Spatial Knowledge Economy","volume":"109","author":"Davis","year":"2019","journal-title":"American Economic Review"},{"key":"2026051106070205200_rdaf063-B22","doi-asserted-by":"crossref","first-page":"297","DOI":"10.1007\/BF00393278","article-title":"Small Business and Job Creation: Dissecting the Myth and Reassessing the Facts","volume":"8","author":"Davis","year":"1996","journal-title":"Small Business Economics"},{"key":"2026051106070205200_rdaf063-B23","doi-asserted-by":"crossref","first-page":"203","DOI":"10.1257\/aer.p20161050","article-title":"Declining Business Dynamism: What We Know and the Way Forward","volume":"106","author":"Decker","year":"2016","journal-title":"American Economic Review"},{"key":"2026051106070205200_rdaf063-B24","doi-asserted-by":"crossref","first-page":"479","DOI":"10.1257\/aer.20131706","article-title":"The Determinants and Welfare Implications of US Workers\u2019 Diverging Location Choices by Skill: 1980\u20132000","volume":"106","author":"Diamond","year":"2016","journal-title":"American Economic Review"},{"key":"2026051106070205200_rdaf063-B25","doi-asserted-by":"crossref","first-page":"1001","DOI":"10.2307\/2171954","article-title":"Labor Market Institutions and the Distribution of Wages, 1973\u20131992: A Semiparametric Approach","volume":"64","author":"DiNardo","year":"1996","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026051106070205200_rdaf063-B26","author":"Eckert","year":"2019"},{"key":"2026051106070205200_rdaf063-B27","author":"Eckert","year":"2019"},{"key":"2026051106070205200_rdaf063-B28","author":"Eeckhout","year":"2019"},{"key":"2026051106070205200_rdaf063-B29","author":"Engbom","year":"2017"},{"key":"2026051106070205200_rdaf063-B30","first-page":"333","article-title":"State Taxes and Spatial Misallocation","volume":"86","author":"Fajgelbaum","year":"2019","journal-title":"Review of Economic Studies"},{"key":"2026051106070205200_rdaf063-B31","author":"Fort","year":"2018"},{"key":"2026051106070205200_rdaf063-B32","doi-asserted-by":"crossref","first-page":"47","DOI":"10.1257\/jep.32.2.47","article-title":"New Perspectives on the Decline of US Manufacturing Employment","volume":"32","author":"Fort","year":"2018","journal-title":"Journal of Economic Perspectives"},{"key":"2026051106070205200_rdaf063-B33","doi-asserted-by":"crossref","first-page":"76","DOI":"10.1016\/j.jue.2017.07.002","article-title":"Why has Regional Income Convergence in the U.S. Declined?","volume":"102","author":"Ganong","year":"2017","journal-title":"Journal of Urban Economics"},{"key":"2026051106070205200_rdaf063-B34","author":"Gaubert","year":"2014"},{"key":"2026051106070205200_rdaf063-B35","author":"Giannone","year":"2017"},{"key":"2026051106070205200_rdaf063-B36","doi-asserted-by":"crossref","first-page":"89","DOI":"10.1016\/j.jmoneco.2017.11.001","article-title":"Tarnishing the Golden and Empire States: Land-Use Restrictions and the U.S. Economic Slowdown","volume":"93","author":"Herkenhoff","year":"2018","journal-title":"Journal of Monetary Economics"},{"key":"2026051106070205200_rdaf063-B37","doi-asserted-by":"crossref","first-page":"1127","DOI":"10.2307\/2951541","article-title":"Entry, Exit, and Firm Dynamics in Long Run Equilibrium","volume":"60","author":"Hopenhayn","year":"1992","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026051106070205200_rdaf063-B38","first-page":"1","article-title":"Housing Constraints and Spatial Misallocation","volume":"11","author":"Hsieh","year":"2019","journal-title":"American Economic Journal: Macroeconomics"},{"key":"2026051106070205200_rdaf063-B39","author":"Jiao","year":"2019"},{"key":"2026051106070205200_rdaf063-B40","author":"Karahan","year":"2019"},{"key":"2026051106070205200_rdaf063-B41","doi-asserted-by":"crossref","first-page":"35","DOI":"10.2307\/2118323","article-title":"Changes in Relative Wages, 1963\u20131987: Supply and Demand Factors","volume":"107","author":"Katz","year":"1992","journal-title":"The Quarterly Journal of Economics"},{"key":"2026051106070205200_rdaf063-B42","doi-asserted-by":"crossref","first-page":"1103","DOI":"10.1162\/qjec.122.3.1103","article-title":"Selection, Growth, and the Size Distribution of Firms","volume":"122","author":"Luttmer","year":"2007","journal-title":"The Quarterly Journal of Economics"},{"key":"2026051106070205200_rdaf063-B43","doi-asserted-by":"crossref","first-page":"1695","DOI":"10.1111\/1468-0262.00467","article-title":"The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity","volume":"71","author":"Melitz","year":"2003","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026051106070205200_rdaf063-B44","doi-asserted-by":"crossref","first-page":"3855","DOI":"10.1257\/aer.20151507","article-title":"Commuting, Migration, and Local Employment Elasticities","volume":"108","author":"Monte","year":"2018","journal-title":"American Economic Review"},{"key":"2026051106070205200_rdaf063-B45","volume-title":"The New Geography of Jobs","author":"Moretti","year":"2012"},{"key":"2026051106070205200_rdaf063-B46","first-page":"65","article-title":"Real Wage Inequality","volume":"5","author":"Moretti","year":"2013","journal-title":"American Economic Journal: Applied Economics"},{"key":"2026051106070205200_rdaf063-B47","doi-asserted-by":"crossref","first-page":"929","DOI":"10.1162\/JEEA.2006.4.5.929","article-title":"A Gap for Me: Entrepreneurs and Entry","volume":"4","author":"Nocke","year":"2006","journal-title":"Journal of the European Economic Association"},{"key":"2026051106070205200_rdaf063-B48","doi-asserted-by":"crossref","first-page":"1102","DOI":"10.1093\/rfs\/hhy063","article-title":"Grown-up Business Cycles","volume":"32","author":"Pugsley","year":"2018","journal-title":"The Review of Financial Studies"},{"key":"2026051106070205200_rdaf063-B50","doi-asserted-by":"crossref","first-page":"1257","DOI":"10.1086\/261120","article-title":"Wages, Rents, and the Quality of Life","volume":"90","author":"Roback","year":"1982","journal-title":"Journal of Political Economy"},{"key":"2026051106070205200_rdaf063-B51","author":"Rossi-Hansberg","year":"2019"},{"key":"2026051106070205200_rdaf063-B53","doi-asserted-by":"crossref","first-page":"1253","DOI":"10.1162\/qjec.2010.125.3.1253","article-title":"The Geographic Determinants of Housing Supply","volume":"125","author":"Saiz","year":"2010","journal-title":"The Quarterly Journal of Economics"},{"key":"2026051106070205200_rdaf063-B54","doi-asserted-by":"crossref","first-page":"315","DOI":"10.1093\/qje\/qjv032","article-title":"Dynamic Selection: An Idea Flows Theory of Entry, Trade, and Growth *","volume":"131","author":"Sampson","year":"2015","journal-title":"The Quarterly Journal of Economics"},{"key":"2026051106070205200_rdaf063-B56","doi-asserted-by":"crossref","first-page":"1181","DOI":"10.1086\/424743","article-title":"Market Structure and Productivity: A Concrete Example","volume":"112","author":"Syverson","year":"2004","journal-title":"Journal of Political Economy"},{"key":"2026051106070205200_rdaf063-B57","author":"Walsh","year":"2020"},{"key":"2026051106070205200_rdaf063-B58","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/j.jinteco.2004.01.001","article-title":"A Simple Model of Firm Heterogeneity, International Trade, and Wages","volume":"65","author":"Yeaple","year":"2005","journal-title":"Journal of International Economics"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdaf063\/63959668\/rdaf063.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/93\/3\/2099\/63959668\/rdaf063.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/93\/3\/2099\/63959668\/rdaf063.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2026,5,11]],"date-time":"2026-05-11T10:07:12Z","timestamp":1778494032000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/93\/3\/2099\/8222576"}},"issued":{"date-parts":[[2025,8,5]]},"references-count":54,"journal-issue":{"issue":"3","published-online":{"date-parts":[[2025,8,5]]},"published-print":{"date-parts":[[2026,5,11]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdaf063","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2026,5]]},"published":{"date-parts":[[2025,8,5]]}},{"indexed":{"date-parts":[[2026,5,13]],"date-time":"2026-05-13T12:15:21Z","timestamp":1778674521261,"version":"3.51.4"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1970,7]]},"DOI":"10.2307\/2296724","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:10:13Z","timestamp":1150416613000},"page":"321","source":"Crossref","is-referenced-by-count":65,"title":["A Consumption-Oriented Theory of the Demand for Financial Assets and the Term Structure of Interest Rates"],"prefix":"10.1093","volume":"37","author":[{"given":"J. E.","family":"Stiglitz","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/37\/3\/321\/4375759\/37-3-321.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:35:02Z","timestamp":1503534902000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296724"}},"issued":{"date-parts":[[1970,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1970,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2296724","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1970,7]]}},{"indexed":{"date-parts":[[2026,5,14]],"date-time":"2026-05-14T20:29:37Z","timestamp":1778790577033,"version":"3.51.4"},"reference-count":21,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2007,4]]},"DOI":"10.1111\/j.1467-937x.2007.00427.x","type":"journal-article","created":{"date-parts":[[2007,3,23]],"date-time":"2007-03-23T10:41:51Z","timestamp":1174646511000},"page":"447-476","source":"Crossref","is-referenced-by-count":119,"title":["Foundations of Dominant-Strategy Mechanisms"],"prefix":"10.1093","volume":"74","author":[{"given":"Kim-Sau","family":"Chung","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"J.C.","family":"Ely","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2007,4]]},"reference":[{"key":"key\n\t\t\t\t20170710084538_R1","doi-asserted-by":"crossref","DOI":"10.1007\/978-3-662-03961-8","volume-title":"Infinite Dimensional Analysis: A Hitchhiker's Guide","author":"Aliprantis","year":"1999"},{"key":"key\n\t\t\t\t20170710084538_R2","doi-asserted-by":"crossref","first-page":"1521","DOI":"10.1111\/j.1468-0262.2005.00638.x","article-title":"Robust Mechanism Design","volume":"73","author":"Bergemann","year":"2005","journal-title":"Econometrica"},{"issue":"3","key":"key\n\t\t\t\t20170710084538_R3","first-page":"369","article-title":"Ex Post Implementation in Environments with Private Goods","volume":"11","author":"Bikhchandani","year":"2006","journal-title":"Theoretical Economics"},{"key":"key\n\t\t\t\t20170710084538_R4","doi-asserted-by":"crossref","first-page":"345","DOI":"10.2307\/1911240","article-title":"Optimal Selling Strategies Under Uncertainty for a Discriminating Monopolist when Demands are Interdependent","volume":"53","author":"Cr\u00e9mer","year":"1985","journal-title":"Econometrica"},{"issue":"2","key":"key\n\t\t\t\t20170710084538_R5","doi-asserted-by":"crossref","first-page":"341","DOI":"10.1162\/003355300554755","article-title":"Efficient Auctions","volume":"115","author":"Dasgupta","year":"2000","journal-title":"Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t20170710084538_R6","doi-asserted-by":"crossref","first-page":"25","DOI":"10.1016\/0047-2727(79)90043-4","article-title":"Incentives and Incomplete Information","volume":"11","author":"d'Aspremont","year":"1979","journal-title":"Journal of Public Economics"},{"issue":"3","key":"key\n\t\t\t\t20170710084538_R7","first-page":"275","article-title":"Topologies on Types","volume":"1","author":"Dekel","year":"2006","journal-title":"Theoretical Economics"},{"key":"key\n\t\t\t\t20170710084538_R8","article-title":"Interim Correlated Rationalizability","volume-title":"Theoretical Economics","author":"Dekel","year":"2007"},{"issue":"1","key":"key\n\t\t\t\t20170710084538_R9","first-page":"19","article-title":"Hierarchies of Belief and Interim Rationalizability","volume":"1","author":"Ely","year":"2006","journal-title":"Theoretical Economics"},{"key":"key\n\t\t\t\t20170710084538_R10","doi-asserted-by":"crossref","first-page":"213","DOI":"10.1111\/j.1468-0262.2006.00654.x","article-title":"On the Generic (Im)possibility of Full-Surplus Extraction in Mechanism Design","volume":"74","author":"Heifetz","year":"2006","journal-title":"Econometrica"},{"issue":"3","key":"key\n\t\t\t\t20170710084538_R11","doi-asserted-by":"crossref","first-page":"585","DOI":"10.1111\/j.1468-0262.2006.00675.x","article-title":"The Limits of Ex-Post Implementation","volume":"74","author":"Jehiel","year":"2006","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20170710084538_R12","doi-asserted-by":"crossref","first-page":"219","DOI":"10.1006\/game.2000.0817","article-title":"Optimality and Robustness of the English Auction","volume":"36","author":"Lopomo","year":"2000","journal-title":"Games and Economic Behavior"},{"key":"key\n\t\t\t\t20170710084538_R13","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1007\/BF01770224","article-title":"Formulation of Bayesian Analysis for Games with Incomplete Information","volume":"14","author":"Mertens","year":"1985","journal-title":"International Journal of Game Theory"},{"key":"key\n\t\t\t\t20170710084538_R14","volume-title":"Typical Types","author":"Morris","year":"2002"},{"key":"key\n\t\t\t\t20170710084538_R15","doi-asserted-by":"crossref","first-page":"58","DOI":"10.1287\/moor.6.1.58","article-title":"Optimal Auction Design","volume":"6","author":"Myerson","year":"1981","journal-title":"Mathematics of Operations Research"},{"key":"key\n\t\t\t\t20170710084538_R16","doi-asserted-by":"crossref","first-page":"214","DOI":"10.1016\/S0899-8256(03)00005-8","article-title":"The Effectiveness of English Auctions","volume":"43","author":"Neeman","year":"2003","journal-title":"Games and Economic Behavior"},{"key":"key\n\t\t\t\t20170710084538_R17","doi-asserted-by":"crossref","first-page":"55","DOI":"10.1016\/j.jet.2003.09.001","article-title":"The Relevance of Private Information in Mechanism Design","volume":"117","author":"Neeman","year":"2004","journal-title":"Journal of Economic Theory"},{"issue":"3","key":"key\n\t\t\t\t20170710084538_R18","doi-asserted-by":"crossref","first-page":"1199","DOI":"10.1111\/1468-0262.00322","article-title":"An Efficient Auction","volume":"70","author":"Perry","year":"2002","journal-title":"Econometrica"},{"issue":"3","key":"key\n\t\t\t\t20170710084538_R19","doi-asserted-by":"crossref","first-page":"509","DOI":"10.1257\/000282803322156963","article-title":"Optimal Pricing Mechanisms with Unknown Demand","volume":"93","author":"Segal","year":"2003","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20170710084538_R20","article-title":"Finite-Order Implications of Any Equilibrium","volume-title":"Econometrica","author":"Weinstein","year":"2007"},{"key":"key\n\t\t\t\t20170710084538_R21","doi-asserted-by":"crossref","first-page":"33","DOI":"10.1017\/CCOL0521340446.002","article-title":"Game-Theoretic Approaches to Trading Processes","volume-title":"Advances in Economic Theory: Fifth World Congress, Ch. 2","author":"Wilson","year":"1987"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/74\/2\/447\/18344531\/74-2-447.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,4,26]],"date-time":"2019-04-26T16:29:43Z","timestamp":1556296183000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/j.1467-937X.2007.00427.x"}},"issued":{"date-parts":[[2007,4]]},"references-count":21,"journal-issue":{"issue":"2","published-online":{"date-parts":[[2007,4]]},"published-print":{"date-parts":[[2007,4]]}},"URL":"https:\/\/doi.org\/10.1111\/j.1467-937x.2007.00427.x","ISSN":["1467-937X","0034-6527"],"issn-type":[{"value":"1467-937X","type":"electronic"},{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[2007,4]]}},{"indexed":{"date-parts":[[2026,5,11]],"date-time":"2026-05-11T15:56:44Z","timestamp":1778515004440,"version":"3.51.4"},"reference-count":35,"publisher":"Oxford University Press (OUP)","issue":"2","license":[{"start":{"date-parts":[[2023,5,11]],"date-time":"2023-05-11T00:00:00Z","timestamp":1683763200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/pages\/standard-publication-reuse-rights"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2024,3,6]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>Reclassification risk is a major concern in health insurance where contracts are typically 1 year in length but health shocks often persist for much longer. While most health systems with private insurers pair short-run contracts with substantial pricing regulations to reduce reclassification risk, long-term contracts with one-sided insurer commitment have significant potential to reduce reclassification risk without the negative side effects of price regulation, such as adverse selection. We theoretically characterize optimal long-term insurance contracts with one-sided commitment, extending the literature in directions necessary for studying health insurance markets. We leverage this characterization to provide a simple algorithm for computing optimal contracts from primitives. We estimate key market fundamentals using data on all under-65 privately insured consumers in Utah. We find that dynamic contracts are very effective at reducing reclassification risk for consumers who arrive at the market in good health, but they are ineffective for consumers who come to the market in bad health, demonstrating that there is a role for the government insurance of pre-market health risks. Individuals with steeply rising income profiles find front-loading costly, and thus relatively prefer ACA-type exchanges. Switching costs enhance, while myopia moderately compromises, the performance of dynamic contracts.<\/jats:p>","DOI":"10.1093\/restud\/rdad054","type":"journal-article","created":{"date-parts":[[2023,5,11]],"date-time":"2023-05-11T19:38:10Z","timestamp":1683833890000},"page":"1085-1121","source":"Crossref","is-referenced-by-count":7,"title":["Optimal Long-Term Health Insurance Contracts: Characterization, Computation, and Welfare Effects"],"prefix":"10.1093","volume":"91","author":[{"given":"Soheil","family":"Ghili","sequence":"first","affiliation":[{"name":"Yale School of Management"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Ben","family":"Handel","sequence":"additional","affiliation":[{"name":"Department of Economics, UC Berkeley"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Igal","family":"Hendel","sequence":"additional","affiliation":[{"name":"Department of Economics, Northwestern University"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Michael D","family":"Whinston","sequence":"additional","affiliation":[{"name":"Department of Economics and Sloan School of Management, M.I.T"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2023,5,11]]},"reference":[{"key":"2024040516404944900_rdad054-B2","author":"Aguiar","year":"2020"},{"key":"2024040516404944900_rdad054-B5","author":"Atal","year":"2016"},{"key":"2024040516404944900_rdad054-B6","author":"Atal","year":"2019"},{"key":"2024040516404944900_rdad054-B7","doi-asserted-by":"crossref","first-page":"427","DOI":"10.2307\/2297858","article-title":"On Efficient Distribution with Private Information","volume":"59","author":"Atkeson","year":"1992","journal-title":"The Review of Economic Studies"},{"key":"2024040516404944900_rdad054-B8","doi-asserted-by":"crossref","first-page":"823","DOI":"10.1162\/qjec.121.3.823","article-title":"Rare Disasters, Asset Prices, and Welfare Costs","volume":"121","author":"Barro","year":"2006","journal-title":"Quarterly Journal of Economics"},{"key":"2024040516404944900_rdad054-B10","doi-asserted-by":"crossref","first-page":"81","DOI":"10.1007\/s11166-012-9160-6","article-title":"One-Sided Commitment in Dynamic Insurance Contracts: Evidence from Private Health Insurance in Germany","volume":"46","author":"Browne","year":"2013","journal-title":"Journal of Risk and Uncertainty"},{"key":"2024040516404944900_rdad054-B11","author":"Brunnermeier","year":"2012"},{"key":"2024040516404944900_rdad054-B12","doi-asserted-by":"crossref","first-page":"3214","DOI":"10.1257\/aer.102.7.3214","article-title":"Pricing and Welfare in Health Plan Choice","volume":"102","author":"Bundorf","year":"2012","journal-title":"American Economic Review"},{"key":"2024040516404944900_rdad054-B16","doi-asserted-by":"crossref","first-page":"445","DOI":"10.1086\/261991","article-title":"Time-Consistent Health Insurance","volume":"103","author":"Cochrane","year":"1995","journal-title":"Journal of Political Economy"},{"key":"2024040516404944900_rdad054-B17","author":"Collier","year":"2017"},{"key":"2024040516404944900_rdad054-B18","doi-asserted-by":"crossref","first-page":"121","DOI":"10.1086\/426039","article-title":"Welfare-Improving Asymmetric Information in Dynamic Insurance Markets","volume":"113","author":"DeGaridel-Thoron","year":"2005","journal-title":"Journal of Political Economy"},{"key":"2024040516404944900_rdad054-B48","doi-asserted-by":"crossref","first-page":"1233","DOI":"10.2307\/2951520","article-title":"Organizing the Health Insurance Market","volume":"60","author":"Diamond","year":"1992","journal-title":"Econometrica"},{"key":"2024040516404944900_rdad054-B19","doi-asserted-by":"crossref","first-page":"596","DOI":"10.1093\/restud\/rds048","article-title":"Insurance and Taxation over the Life Cycle","volume":"80","author":"Farhi","year":"2013","journal-title":"The Review of Economic Studies"},{"key":"2024040516404944900_rdad054-B20","doi-asserted-by":"crossref","first-page":"224","DOI":"10.1257\/000282805774669808","article-title":"Dynamic Inefficiencies in Insurance Markets: Evidence from Long-Term Care Insurance","volume":"95","author":"Finkelstein","year":"2005","journal-title":"American Economic Review"},{"key":"2024040516404944900_rdad054-B21","author":"Fleitas","year":"2018"},{"key":"2024040516404944900_rdad054-B22","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/0022-0531(90)90048-O","article-title":"Short-term Contracts and Long-Term Agency Relationships","volume":"51","author":"Fudenberg","year":"1990","journal-title":"Journal of Economic Theory"},{"key":"2024040516404944900_rdad054-B24","doi-asserted-by":"crossref","first-page":"359","DOI":"10.1257\/aer.20111550","article-title":"Redistribution and Social Insurance","volume":"106","author":"Golosov","year":"2016","journal-title":"American Economic Review"},{"key":"2024040516404944900_rdad054-B25","doi-asserted-by":"crossref","first-page":"793","DOI":"10.3982\/ECTA17126","article-title":"Long-Term Contracting with Time-Inconsistent Agents","volume":"89","author":"Gottlieb","year":"2021","journal-title":"Econometrica"},{"key":"2024040516404944900_rdad054-B26","doi-asserted-by":"crossref","first-page":"2643","DOI":"10.1257\/aer.103.7.2643","article-title":"Adverse Selection and Inertia in Health Insurance Markets: When Nudging Hurts","volume":"103","author":"Handel","year":"2013","journal-title":"American Economic Review"},{"key":"2024040516404944900_rdad054-B27","doi-asserted-by":"crossref","first-page":"1261","DOI":"10.3982\/ECTA12480","article-title":"Equilibria in Health Exchanges: Adverse Selection vs. Reclassification Risk","volume":"83","author":"Handel","year":"2015","journal-title":"Econometrica"},{"key":"2024040516404944900_rdad054-B28","doi-asserted-by":"crossref","first-page":"315","DOI":"10.2307\/2297359","article-title":"A Theory of Wage Dynamics","volume":"49","author":"Harris","year":"1982","journal-title":"The Review of Economic Studies"},{"key":"2024040516404944900_rdad054-B29","author":"Hendel","year":"2016"},{"key":"2024040516404944900_rdad054-B30","doi-asserted-by":"crossref","first-page":"299","DOI":"10.1162\/00335530360535216","article-title":"The Role of Commitment in Dynamic Contracts: Evidence from Life Insurance","volume":"118","author":"Hendel","year":"2003","journal-title":"The Quarterly Journal of Economics"},{"key":"2024040516404944900_rdad054-B32","doi-asserted-by":"crossref","first-page":"395","DOI":"10.1016\/j.jhealeco.2005.09.008","article-title":"Incentive-Compatible Guaranteed Renewable Health Insurance Premiums","volume":"25","author":"Herring","year":"2006","journal-title":"Journal of Health Economics"},{"key":"2024040516404944900_rdad054-B33","author":"Herring","year":"2008"},{"key":"2024040516404944900_rdad054-B34","author":"Ho","year":"2016"},{"key":"2024040516404944900_rdad054-B36","author":"Illanes","year":"2017"},{"key":"2024040516404944900_rdad054-B49","doi-asserted-by":"crossref","first-page":"1661","DOI":"10.1016\/j.jmoneco.2005.07.019","article-title":"Competitive Risk Sharing Contracts with One-Sided Commitment","volume":"53","author":"Krueger","year":"2006","journal-title":"Journal of Monetary Economics"},{"key":"2024040516404944900_rdad054-B38","author":"Lavetti","year":"2018"},{"key":"2024040516404944900_rdad054-B39","doi-asserted-by":"crossref","first-page":"1782","DOI":"10.1111\/j.1475-6773.2006.00577.x","article-title":"How Much Risk Pooling Is There in the Individual Insurance Market?","volume":"41","author":"Marquis","year":"2006","journal-title":"Health Services Research"},{"key":"2024040516404944900_rdad054-B40","doi-asserted-by":"crossref","first-page":"W226","DOI":"10.1377\/hlthaff.25.w226","article-title":"Consumer Decision Making in the Individual Health Insurance Market","volume":"25","author":"Marquis","year":"2006","journal-title":"Health Affairs"},{"key":"2024040516404944900_rdad054-B42","doi-asserted-by":"crossref","first-page":"273","DOI":"10.1257\/aer.p20151085","article-title":"Present Bias: Lessons Learned and to be Learned","volume":"105","author":"O\u2019Donoghue","year":"2015","journal-title":"American Economic Review"},{"key":"2024040516404944900_rdad054-B43","doi-asserted-by":"crossref","first-page":"280","DOI":"10.1377\/hlthaff.W2.280","article-title":"Guaranteed Renewability and the Problem of Risk Variation in Individual Insurance Markets","volume":"21","author":"Patel","year":"2002","journal-title":"Health Affairs"},{"key":"2024040516404944900_rdad054-B44","doi-asserted-by":"crossref","first-page":"143","DOI":"10.1007\/BF01083557","article-title":"Guaranteed Renewability in Insurance","volume":"10","author":"Pauly","year":"1995","journal-title":"Journal of Risk and Uncertainty"},{"key":"2024040516404944900_rdad054-B46","doi-asserted-by":"crossref","first-page":"1281","DOI":"10.1111\/1468-0262.00158","article-title":"Risk Aversion and Expected-Utility Theory: A Calibration Theorem","volume":"68","author":"Rabin","year":"2000","journal-title":"Econometrica"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdad054\/50489766\/rdad054.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/91\/2\/1085\/57172928\/rdad054.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/91\/2\/1085\/57172928\/rdad054.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,4,5]],"date-time":"2024-04-05T16:41:05Z","timestamp":1712335265000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/91\/2\/1085\/7160373"}},"issued":{"date-parts":[[2023,5,11]]},"references-count":35,"journal-issue":{"issue":"2","published-online":{"date-parts":[[2023,5,11]]},"published-print":{"date-parts":[[2024,3,6]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdad054","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2024,3]]},"published":{"date-parts":[[2023,5,11]]}},{"indexed":{"date-parts":[[2026,5,10]],"date-time":"2026-05-10T04:39:40Z","timestamp":1778387980461,"version":"3.51.4"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1993,4]]},"DOI":"10.2307\/2298057","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:14:08Z","timestamp":1150420448000},"page":"249","source":"Crossref","is-referenced-by-count":504,"title":["A Model of Intertemporal Asset Prices Under Asymmetric Information"],"prefix":"10.1093","volume":"60","author":[{"given":"Jiang","family":"Wang","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/60\/2\/249\/4476556\/60-2-249.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:02:20Z","timestamp":1503532940000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2298057"}},"issued":{"date-parts":[[1993,4]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1993,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2298057","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1993,4]]}},{"indexed":{"date-parts":[[2026,5,10]],"date-time":"2026-05-10T07:46:36Z","timestamp":1778399196464,"version":"3.51.4"},"reference-count":35,"publisher":"Oxford University Press (OUP)","issue":"5","license":[{"start":{"date-parts":[[2021,12,27]],"date-time":"2021-12-27T00:00:00Z","timestamp":1640563200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/journals\/pages\/open_access\/funder_policies\/chorus\/standard_publication_model"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2022,9,9]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>We study how strategic interaction and cooperation are affected by the heterogeneity of cognitive skills of groups of players, over consecutive plays of repeated games with randomly matched opponents using Prisoner\u2019s Dilemma as stage game. We observe overall higher cooperation rates and average final payoffs in integrated treatment groups\u2014where subjects of different IQ levels interact together\u2014than in separated treatment groups. Lower IQ subjects are better off and higher IQ subjects are worse off in integrated groups than in separated groups. Higher IQ subjects adopt harsher strategies when they are pooled with lower IQ subjects than when they play separately. We demonstrate that this outcome should be expected in learning and evolutionary models where higher intelligence subjects exhibit lower frequency of errors in the implementation of strategies. Estimations of errors and strategies in our experimental data are consistent with the model\u2019s assumptions and predictions.<\/jats:p>","DOI":"10.1093\/restud\/rdab095","type":"journal-article","created":{"date-parts":[[2021,12,21]],"date-time":"2021-12-21T12:17:57Z","timestamp":1640089077000},"page":"2723-2767","source":"Crossref","is-referenced-by-count":40,"title":["Intelligence, Errors, and Cooperation in Repeated Interactions"],"prefix":"10.1093","volume":"89","author":[{"given":"Eugenio","family":"Proto","sequence":"first","affiliation":[{"name":"University of Glasgow, CEPR, IZA and CesIfo"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Aldo","family":"Rustichini","sequence":"additional","affiliation":[{"name":"University of Minnesota"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Andis","family":"Sofianos","sequence":"additional","affiliation":[{"name":"University of Heidelberg"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2021,12,27]]},"reference":[{"key":"2022101020364071500_B1","doi-asserted-by":"crossref","first-page":"105091","DOI":"10.1016\/j.jet.2020.105091","article-title":"Reasoning about Others\u2019 Reasoning","volume":"189","author":"ALAOUI,","year":"2020","journal-title":"Journal of Economic Theory"},{"key":"2022101020364071500_B2","doi-asserted-by":"crossref","first-page":"1297","DOI":"10.1093\/restud\/rdv052","article-title":"Endogenous Depth of Reasoning","volume":"83","author":"ALAOUI,","year":"2020","journal-title":"The Review of Economic Studies"},{"key":"2022101020364071500_B3","article-title":"Cost-benefit Analysis in Reasoning","author":"ALAOUI,","year":"2020"},{"key":"2022101020364071500_B4","first-page":"1","article-title":"The Impact of Monitoring in Infinitely Repeated Games: Perfect, Public, and Private","volume":"11","author":"AOYAGI,","year":"2020","journal-title":"American Economic Journal: Microeconomics"},{"key":"2022101020364071500_B5","doi-asserted-by":"crossref","first-page":"1135","DOI":"10.1016\/j.jet.2008.10.005","article-title":"Collusion as Public Monitoring Becomes Noisy: Experimental Evidence","volume":"144","author":"AOYAGI,","year":"2020","journal-title":"Journal of Economic Theory"},{"key":"2022101020364071500_B6","author":"AUBIN,","year":"2020","journal-title":"Differential Inclusions. Set-Valued Maps and Viability Theory"},{"key":"2022101020364071500_B7","first-page":"164","article-title":"Equilibrium Selection in the Repeated Prisoner\u2019s Dilemma: Axiomatic Approach and Experimental Evidence","volume":"3","author":"BLONSKI,","year":"2020","journal-title":"American Economic Journal: Microeconomics"},{"key":"2022101020364071500_B8","doi-asserted-by":"crossref","first-page":"117","DOI":"10.1016\/j.euroecorev.2014.07.003","article-title":"hroot: Hamburg Registration and Organization Online Tool","volume":"71","author":"BOCK,","year":"2020","journal-title":"European Economic Review"},{"key":"2022101020364071500_B9","doi-asserted-by":"crossref","first-page":"47","DOI":"10.1016\/S0022-5193(89)80188-2","article-title":"Mistakes Allow Evolutionary Stability in the Repeated Prisoner\u2019s Dilemma Game","volume":"136","author":"BOYD,","year":"2020","journal-title":"Journal of Theoretical Biology"},{"key":"2022101020364071500_B10","doi-asserted-by":"crossref","first-page":"137","DOI":"10.1006\/jeth.2002.2927","article-title":"Sophisticated Experience-weighted Attraction Learning and Strategic Teaching in Repeated Games","volume":"104","author":"CAMERER,","year":"2020","journal-title":"Journal of Economic Theory"},{"key":"2022101020364071500_B11","doi-asserted-by":"crossref","first-page":"335","DOI":"10.1007\/s00199-012-0718-y","article-title":"Learning, Teaching, and Turn Taking in the Repeated Assignment Game","volume":"54","author":"CASON,","year":"2020","journal-title":"Economic Theory"},{"key":"2022101020364071500_B12","first-page":"1591","article-title":"Cooperation under the Shadow of the Future: Experimental Evidence from Infinitely Repeated Games","volume":"95","author":"DAL B\u00d3,","year":"2020","journal-title":"American Economic Review"},{"key":"2022101020364071500_B13","doi-asserted-by":"crossref","first-page":"411","DOI":"10.1257\/aer.101.1.411","article-title":"The Evolution of Cooperation in Infinitely Repeated Games: Experimental Evidence","volume":"101","author":"DAL B\u00d3,","year":"2020","journal-title":"American Economic Review"},{"key":"2022101020364071500_B14","doi-asserted-by":"crossref","first-page":"60","DOI":"10.1257\/jel.20160980","article-title":"On the Determinants of Cooperation in Infinitely Repeated Games: A Survey","volume":"56","author":"DAL B\u00d3,","year":"2020","journal-title":"Journal of Economic Literature"},{"key":"2022101020364071500_B15","doi-asserted-by":"crossref","first-page":"3929","DOI":"10.1257\/aer.20181480","article-title":"Strategy Choice in the Infinitely Repeated Prisoner\u2019s Dilemma","volume":"109","author":"DAL B\u00d3,","year":"2020","journal-title":"American Economic Review"},{"key":"2022101020364071500_B16","doi-asserted-by":"crossref","first-page":"348","DOI":"10.1038\/nature06723","article-title":"Winners do not Punish","volume":"452","author":"DREBER,","year":"2020","journal-title":"Nature"},{"key":"2022101020364071500_B17","doi-asserted-by":"crossref","first-page":"785","DOI":"10.1016\/j.geb.2008.07.003","article-title":"Cooperative Behavior and the Frequency of Social Interaction","volume":"66","author":"DUFFY,","year":"2020","journal-title":"Games and Economic Behavior"},{"key":"2022101020364071500_B18","doi-asserted-by":"crossref","first-page":"615","DOI":"10.1016\/S1574-0714(06)01008-6","article-title":"The Economics of Fairness, Reciprocity and Altruism\u2013Experimental Evidence and New Theories","volume":"1","author":"FEHR,","year":"2020","journal-title":"Handbook of the Economics of Giving, Altruism and Reciprocity"},{"key":"2022101020364071500_B19","doi-asserted-by":"crossref","first-page":"171","DOI":"10.1007\/s10683-006-9159-4","article-title":"Z-tree: Zurich Toolbox for Ready-made Economic Experiments","volume":"10","author":"FISCHBACHER,","year":"2020","journal-title":"Experimental Economics"},{"key":"2022101020364071500_B20","doi-asserted-by":"crossref","first-page":"720","DOI":"10.1257\/aer.102.2.720","article-title":"Slow to Anger and Fast to Forgive: Cooperation in an Uncertain World","volume":"102","author":"FUDENBERG,","year":"2020","journal-title":"American Economic Review"},{"key":"2022101020364071500_B21","doi-asserted-by":"crossref","first-page":"859","DOI":"10.2307\/2938230","article-title":"Social Stability and Equilibrium","volume":"59","author":"GILBOA,","year":"2020","journal-title":"Econometrica"},{"key":"2022101020364071500_B22","doi-asserted-by":"crossref","first-page":"1619","DOI":"10.1086\/688849","article-title":"Cognitive Ability, Character Skills, and Learning to Play Equilibrium: A Level-k Analysis","volume":"124","author":"GILL,","year":"2020","journal-title":"Journal of Political Economy"},{"key":"2022101020364071500_B23","doi-asserted-by":"crossref","first-page":"1644","DOI":"10.1257\/000282802762024700","article-title":"Risk Aversion and Incentive Effects","volume":"92","author":"HOLT,","year":"2020","journal-title":"American Economic Review"},{"key":"2022101020364071500_B24","doi-asserted-by":"crossref","first-page":"573","DOI":"10.1111\/j.1542-4774.2011.01063.x","article-title":"Convergence: An Experimental Study of Teaching and Learning in Repeated Games","volume":"10","author":"HYNDMAN,","year":"2020","journal-title":"Journal of the European Economic Association"},{"key":"2022101020364071500_B25","article-title":"Are Economists\u2019 Preferences Psychologists\u2019 Personality Traits?","author":"JAGELKA,","year":"2020"},{"key":"2022101020364071500_B26","volume-title":"The Big Five Inventory: Versions 4a and 54","author":"JOHN,","year":"2020"},{"key":"2022101020364071500_B27","first-page":"114","article-title":"Paradigm Shift to the Integrative Big Five Trait Taxonomy","volume-title":"Handbook of Personality: Theory and Research","author":"JOHN,","year":"2020"},{"key":"2022101020364071500_B28","doi-asserted-by":"crossref","first-page":"489","DOI":"10.1016\/j.jebo.2008.06.010","article-title":"Are Smarter Groups More Cooperative? Evidence from Prisoner\u2019s Dilemma Experiments, 1959\u20132003","volume":"68","author":"JONES,","year":"2020","journal-title":"Journal of Economic Behavior & Organization"},{"key":"2022101020364071500_B29","doi-asserted-by":"crossref","first-page":"25","DOI":"10.1016\/0001-6918(94)90018-3","article-title":"Motivation: Cause or Confound in Information Processing\/Intelligence Correlations?","volume":"85","author":"LARSON,","year":"2020","journal-title":"Acta Psychologica"},{"key":"2022101020364071500_B30","doi-asserted-by":"crossref","first-page":"1351","DOI":"10.1086\/701355","article-title":"Intelligence, Personality, and Gains from Cooperation in Repeated Interactions","volume":"127","author":"PROTO,","year":"2020","journal-title":"Journal of Political Economy"},{"key":"2022101020364071500_B31","volume-title":"Population Games and Evolutionary Dynamics","author":"SANDHOLM,","year":"2020"},{"key":"2022101020364071500_B32","first-page":"130","article-title":"Why Imitate, and If So, How? A Boundedly Rational Approach to Multi-armed Bandits","volume":"78","author":"SCHLAG,","year":"2020","journal-title":"Journal of Economic Theory"},{"key":"2022101020364071500_B33","doi-asserted-by":"crossref","first-page":"25","DOI":"10.1007\/BF01766400","article-title":"Reexamination of the Perfectness Concept for Equilibrium Points in Extensive Games","volume":"4","author":"SELTEN,","year":"2020","journal-title":"International Journal of Game Theory"},{"key":"2022101020364071500_B34","volume-title":"Evolutionary Game Theory","author":"WEIBULL,","year":"2020"},{"key":"2022101020364071500_B35","volume-title":"Econometric Analysis of Cross Section and Panel Data","author":"WOOLDRIDGE,","year":"2020"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdab095\/42562974\/rdab095.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/89\/5\/2723\/46423595\/rdab095.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/89\/5\/2723\/46423595\/rdab095.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,10,10]],"date-time":"2022-10-10T21:07:39Z","timestamp":1665436059000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/89\/5\/2723\/6484659"}},"issued":{"date-parts":[[2021,12,27]]},"references-count":35,"journal-issue":{"issue":"5","published-online":{"date-parts":[[2021,12,27]]},"published-print":{"date-parts":[[2022,9,9]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdab095","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2022,10,1]]},"published":{"date-parts":[[2021,12,27]]}},{"indexed":{"date-parts":[[2026,5,8]],"date-time":"2026-05-08T03:48:27Z","timestamp":1778212107742,"version":"3.51.4"},"reference-count":38,"publisher":"Oxford University Press (OUP)","issue":"6","license":[{"start":{"date-parts":[[2023,1,25]],"date-time":"2023-01-25T00:00:00Z","timestamp":1674604800000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/pages\/standard-publication-reuse-rights"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2023,11,8]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>Multiproduct firms constitute a considerable share of firms and account for an even greater share of production. Nevertheless, the vast majority of production function estimates are based on the assumption that firms are single-product manufacturers. This assumption is due to a lack of data on how firms allocate their inputs across their various product lines. I provide a strategy for estimating product-specific input allocations and production functions of multiproduct firms involved in monopolistic competition. The strategy is based on using firms\u2019 product prices and output demand in solving for product-level input allocations.<\/jats:p>","DOI":"10.1093\/restud\/rdad005","type":"journal-article","created":{"date-parts":[[2023,1,23]],"date-time":"2023-01-23T20:59:27Z","timestamp":1674507567000},"page":"3315-3342","source":"Crossref","is-referenced-by-count":15,"title":["Estimating Production Functions of Multiproduct Firms"],"prefix":"10.1093","volume":"90","author":[{"given":"Nelli","family":"Valmari","sequence":"first","affiliation":[{"name":"ETLA Economic Research"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2023,1,25]]},"reference":[{"key":"2024011813424352700_rdad005-B1","author":"Ackerberg","year":"2007"},{"key":"2024011813424352700_rdad005-B2","doi-asserted-by":"crossref","first-page":"2411","DOI":"10.3982\/ECTA13408","article-title":"Identification Properties of Recent Production Function Estimators","volume":"83","author":"Ackerberg","year":"2015","journal-title":"Econometrica"},{"key":"2024011813424352700_rdad005-B3","first-page":"182","article-title":"The Extensive Margin of Exporting Products: A Firm-Level Analysis","volume":"13","author":"Arkolakis","year":"2021","journal-title":"American Economic Journal: Macroeconomics"},{"key":"2024011813424352700_rdad005-B4","author":"Baldwin","year":"2005"},{"key":"2024011813424352700_rdad005-B5","doi-asserted-by":"crossref","first-page":"105","DOI":"10.1257\/jep.21.3.105","article-title":"Firms in International Trade","volume":"21","author":"Bernard","year":"2007","journal-title":"Journal of Economic Perspectives"},{"key":"2024011813424352700_rdad005-B6","doi-asserted-by":"crossref","first-page":"70","DOI":"10.1257\/aer.100.1.70","article-title":"Multiple-Product Firms and Product Switching","volume":"100","author":"Bernard","year":"2010","journal-title":"American Economic Review"},{"key":"2024011813424352700_rdad005-B7","doi-asserted-by":"crossref","first-page":"1271","DOI":"10.1093\/qje\/qjr021","article-title":"Multiproduct Firms and Trade Liberalization","volume":"126","author":"Bernard","year":"2011","journal-title":"Quarterly Journal of Economics"},{"key":"2024011813424352700_rdad005-B8","doi-asserted-by":"crossref","first-page":"256","DOI":"10.2307\/1057018","article-title":"Modelling the Structure of Cost and Production for Multiproduct Firms","volume":"46","author":"Brown","year":"1979","journal-title":"Southern Economic Journal"},{"key":"2024011813424352700_rdad005-B9","doi-asserted-by":"crossref","first-page":"477","DOI":"10.2307\/1927120","article-title":"Flexible Cost Functions for Multiproduct Firms","volume":"62","author":"Caves","year":"1980","journal-title":"Review of Economics and Statistics"},{"key":"2024011813424352700_rdad005-B10","doi-asserted-by":"crossref","first-page":"131","DOI":"10.1257\/aer.20130090","article-title":"Reallocation and Technology: Evidence from the US Steel Industry","volume":"105","author":"Collard-Wexler","year":"2015","journal-title":"American Economic Review"},{"key":"2024011813424352700_rdad005-B11","doi-asserted-by":"crossref","first-page":"1407","DOI":"10.3982\/ECTA7617","article-title":"Product Differentiation, Multiproduct Firms, and Estimating the Impact of Trade Liberalization on Productivity","volume":"79","author":"De Loecker","year":"2011","journal-title":"Econometrica"},{"key":"2024011813424352700_rdad005-B12","doi-asserted-by":"crossref","first-page":"445","DOI":"10.3982\/ECTA11042","article-title":"Prices, Markups, and Trade Reform","volume":"84","author":"De Loecker","year":"2016","journal-title":"Econometrica"},{"key":"2024011813424352700_rdad005-B13","author":"Dhyne","year":"2020"},{"key":"2024011813424352700_rdad005-B14","author":"Dhyne","year":"2021"},{"key":"2024011813424352700_rdad005-B15","doi-asserted-by":"crossref","first-page":"1338","DOI":"10.1093\/restud\/rdt011","article-title":"R&D and Productivity: Estimating Endogenous Productivity","volume":"80","author":"Doraszelski","year":"2013","journal-title":"Review of Economic Studies"},{"key":"2024011813424352700_rdad005-B16","doi-asserted-by":"crossref","first-page":"188","DOI":"10.1111\/j.1467-937X.2009.00573.x","article-title":"Multi-product Firms and Flexible Manufacturing in the Global Economy","volume":"77","author":"Eckel","year":"2010","journal-title":"Review of Economic Studies"},{"key":"2024011813424352700_rdad005-B17","first-page":"236","article-title":"Product Versus Process: Innovation Strategies of Multiproduct Firms","volume":"10","author":"Flach","year":"2018","journal-title":"American Economic Journal: Microeconomics"},{"key":"2024011813424352700_rdad005-B18","doi-asserted-by":"crossref","first-page":"394","DOI":"10.1257\/aer.98.1.394","article-title":"Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?","volume":"98","author":"Foster","year":"2008","journal-title":"American Economic Review"},{"key":"2024011813424352700_rdad005-B19","doi-asserted-by":"crossref","first-page":"2973","DOI":"10.1086\/707736","article-title":"On the Identification of Gross Output Production Functions","volume":"128","author":"Gandhi","year":"2020","journal-title":"Journal of Political Economy"},{"key":"2024011813424352700_rdad005-B20","doi-asserted-by":"crossref","first-page":"1777","DOI":"10.1086\/701607","article-title":"Exporting and Plant-Level Efficiency Gains: It\u2019s in the Measure","volume":"127","author":"Garcia-Marin","year":"2019","journal-title":"Journal of Political Economy"},{"key":"2024011813424352700_rdad005-B21","doi-asserted-by":"crossref","first-page":"665","DOI":"10.1111\/iere.12172","article-title":"Production Function Estimation with Unobserved Input Price Dispersion","volume":"57","author":"Grieco","year":"2016","journal-title":"International Economic Review"},{"key":"2024011813424352700_rdad005-B22","doi-asserted-by":"crossref","first-page":"1379","DOI":"10.1257\/0002828043052178","article-title":"Constructing Price Indexes Across Space and Time: The Case of the European Union","volume":"94","author":"Hill","year":"2004","journal-title":"American Economic Review"},{"key":"2024011813424352700_rdad005-B23","doi-asserted-by":"crossref","first-page":"343","DOI":"10.1002\/(SICI)1099-1255(199607)11:4<343::AID-JAE404>3.0.CO;2-4","article-title":"The Inconsistency of Common Scale Estimators When Output Prices Are Unobserved and Endogenous","volume":"11","author":"Klette","year":"1996","journal-title":"Journal of Applied Econometrics"},{"key":"2024011813424352700_rdad005-B24","doi-asserted-by":"crossref","first-page":"317","DOI":"10.1111\/1467-937X.00246","article-title":"Estimating Production Functions Using Inputs to Control for Unobservables","volume":"70","author":"Levinsohn","year":"2003","journal-title":"Review of Economic Studies"},{"key":"2024011813424352700_rdad005-B25","doi-asserted-by":"crossref","first-page":"1878","DOI":"10.1111\/ajae.12215","article-title":"Proxy Variable Estimation of Multiproduct Production Functions","volume":"103","author":"Malikov","year":"2021","journal-title":"American Journal of Agricultural Economics"},{"key":"2024011813424352700_rdad005-B26","doi-asserted-by":"crossref","first-page":"495","DOI":"10.1257\/aer.104.2.495","article-title":"Market Size, Competition, and the Product Mix of Exporters","volume":"104","author":"Mayer","year":"2014","journal-title":"American Economic Review"},{"key":"2024011813424352700_rdad005-B27","doi-asserted-by":"crossref","first-page":"433","DOI":"10.2307\/1235999","article-title":"Specification and Estimation of Multiproduct Production Functions","volume":"45","author":"Mundlak","year":"1963","journal-title":"Journal of Farm Economics"},{"key":"2024011813424352700_rdad005-B28","doi-asserted-by":"crossref","first-page":"273","DOI":"10.2307\/2525512","article-title":"Transcendental Multiproduct Production Functions","volume":"5","author":"Mundlak","year":"1964","journal-title":"International Economic Review"},{"key":"2024011813424352700_rdad005-B29","doi-asserted-by":"crossref","first-page":"1411","DOI":"10.1257\/0002828043052286","article-title":"Rationalizing the Penn World Table: True Multilateral Indices for International Comparisons of Real Income","volume":"94","author":"Neary","year":"2004","journal-title":"American Economic Review"},{"key":"2024011813424352700_rdad005-B30","doi-asserted-by":"crossref","first-page":"565","DOI":"10.1111\/1468-0262.00037","article-title":"Nonparametric Estimation of Triangular Simultaneous Equations Models","volume":"67","author":"Newey","year":"1999","journal-title":"Econometrica"},{"key":"2024011813424352700_rdad005-B31","author":"OECD","year":"2013"},{"key":"2024011813424352700_rdad005-B32","doi-asserted-by":"crossref","first-page":"1263","DOI":"10.2307\/2171831","article-title":"The Dynamics of Productivity in the Telecommunications Equipment Industry","volume":"64","author":"Olley","year":"1996","journal-title":"Econometrica"},{"key":"2024011813424352700_rdad005-B33","doi-asserted-by":"crossref","first-page":"2771","DOI":"10.1086\/720465","article-title":"Within-Firm Productivity Dispersion: Estimates and Implications","volume":"130","author":"Orr","year":"2022","journal-title":"Journal of Political Economy"},{"key":"2024011813424352700_rdad005-B34","author":"Panzar","year":"1989"},{"key":"2024011813424352700_rdad005-B35","doi-asserted-by":"crossref","first-page":"142","DOI":"10.1016\/j.jinteco.2013.04.006","article-title":"Multiproduct Firms and Scope Adjustment in Globalization","volume":"91","author":"Qiu","year":"2013","journal-title":"Journal of International Economics"},{"key":"2024011813424352700_rdad005-B36","author":"Statistics Finland","year":"2012"},{"key":"2024011813424352700_rdad005-B37","author":"Statistics Finland","year":"2012"},{"key":"2024011813424352700_rdad005-B38","volume-title":"Development of a Population of Industrial Firms: The Structure of Manufacturing Industries in Norway, 1930\u20131948","author":"Wedervang","year":"1965"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdad005\/50448470\/rdad005.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/90\/6\/3315\/56205160\/rdad005.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/90\/6\/3315\/56205160\/rdad005.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,1,18]],"date-time":"2024-01-18T13:43:05Z","timestamp":1705585385000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/90\/6\/3315\/7005276"}},"issued":{"date-parts":[[2023,1,25]]},"references-count":38,"journal-issue":{"issue":"6","published-online":{"date-parts":[[2023,1,25]]},"published-print":{"date-parts":[[2023,11,8]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdad005","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2023,11]]},"published":{"date-parts":[[2023,1,25]]}},{"indexed":{"date-parts":[[2026,5,7]],"date-time":"2026-05-07T05:32:37Z","timestamp":1778131957066,"version":"3.51.4"},"reference-count":35,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Rev Econ Studies"],"published-print":{"date-parts":[[2007,4]]},"DOI":"10.1111\/j.1467-937x.2007.00429.x","type":"journal-article","created":{"date-parts":[[2007,3,23]],"date-time":"2007-03-23T10:41:51Z","timestamp":1174646511000},"page":"507-535","source":"Crossref","is-referenced-by-count":114,"title":["Building the Family Nest: Premarital Investments, Marriage Markets, and Spousal Allocations"],"prefix":"10.1093","volume":"74","author":[{"given":"MURAT","family":"IYIGUN","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"RANDALL P.","family":"WALSH","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","reference":[{"issue":"2","key":"b1_145","doi-asserted-by":"crossref","first-page":"269","DOI":"10.1086\/367679","volume":"111","author":"ANDERSON S","year":"2003","journal-title":"Journal of Political Economy"},{"key":"b2_146","unstructured":"M. J. BAKER, and J. P JACOBSEN . (2003 ), \"Marriage, Specialization, and the Gender Division of Labor\" (unpublished manuscript, University of Connecticut)."},{"key":"b3_147","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-0297.2006.01092.x"},{"key":"b4_148","volume-title":"A Treatise on the Family","author":"BECKER G. S","year":"1981"},{"key":"b5_149","doi-asserted-by":"crossref","DOI":"10.7208\/chicago\/9780226041223.001.0001","volume-title":"Human Capital","author":"BECKER G. S","year":"1993"},{"key":"b6_150","doi-asserted-by":"crossref","DOI":"10.4159\/9780674020641","volume-title":"Social Economics","author":"BECKER G. S.","year":"2000"},{"key":"b7_151","doi-asserted-by":"publisher","DOI":"10.1016\/0047-2727(86)90024-1"},{"key":"b8_152","doi-asserted-by":"crossref","first-page":"70","DOI":"10.1017\/CBO9780511598968.003","volume-title":"The Measurement of Household Welfare","author":"BOURGUIGNON F.","year":"1994"},{"key":"b9_153","doi-asserted-by":"publisher","DOI":"10.1086\/261964"},{"key":"b10_154","unstructured":"M. BROWNING, P. A. CHIAPPORI, and Y WEISS . (2003 ), \"A Simple Matching Model of the Marriage Market\" (unpublished manuscript, Columbia University)."},{"key":"b11_155","unstructured":"M. BROWNING, P. A. CHIAPPORI, and Y. WEISS (in progress), \"Economics of the Family\" (unpublished book manuscript, Tel Aviv University)."},{"key":"b12_156","doi-asserted-by":"publisher","DOI":"10.2307\/1911842"},{"key":"b13_157","doi-asserted-by":"publisher","DOI":"10.1086\/261825"},{"key":"b14_158","doi-asserted-by":"publisher","DOI":"10.1086\/324385"},{"key":"b15_159","doi-asserted-by":"crossref","unstructured":"P. A. CHIAPPORI, M. IYIGUN, and Y WEISS . (2006 ), \"Investment Schooling and the Marriage Market\" (IZA Working Paper No. 2454, November).","DOI":"10.2139\/ssrn.947518"},{"key":"b16_160","unstructured":"P. A. CHIAPPORI, and Y WEISS . (2000 ), \"Marriage Contracts and Divorce: An Equilibrium Analysis\" (unpublished manuscript, University of Chicago)."},{"key":"b17_161","unstructured":"P. A. CHIAPPORI, and Y WEISS . (2004 ), \"Divorce, Remarriage and Child Support\" (unpublished manuscript, Tel Aviv University)."},{"key":"b18_162","unstructured":"E. CHOO, S. SEITZ, and A SIOW . (2006 ), \"Marriage Matching, Fertility, and Family Labor Supplies: An Empirical Framework\" (unpublished manuscript, University of Toronto)."},{"key":"b19_163","unstructured":"E. CHOO, and A SIOW . (2005 ), \"Lifecycle Marriage Matching: Theory and Evidence\" (unpublished manuscript, University of Toronto)."},{"key":"b20_164","doi-asserted-by":"crossref","unstructured":"D. DEL BOCA, and C FLINN . (2005 ), \"Household Time Allocation and Modes of Behavior: A Theory of Sorts\" (unpublished manuscript, New York University).","DOI":"10.2139\/ssrn.841985"},{"key":"b21_165","doi-asserted-by":"crossref","unstructured":"C. GOLDIN, C. L. KATZ, and I KUZIEMKO . (2006 ), \"The Homecoming of American College Women: A Reversal of the College Gender Gap\" (NBER Working Paper No. 12139, National Bureau of Economic Research).","DOI":"10.3386\/w12139"},{"key":"b22_166","doi-asserted-by":"crossref","first-page":"103","DOI":"10.1007\/BF01213255","volume":"2","author":"GRETSKY N.","year":"1992","journal-title":"Economic Theory"},{"issue":"1999","key":"b23_167","doi-asserted-by":"crossref","first-page":"60","DOI":"10.1006\/jeth.1999.2540","volume":"88","author":"GRETSKY N.","year":"1999","journal-title":"Journal of Economic Theory"},{"issue":"2","key":"b24_168","doi-asserted-by":"crossref","first-page":"125","DOI":"10.1016\/S0167-2681(99)00053-0","volume":"40","author":"HADFIELD G. K","year":"1999","journal-title":"Journal of Economic Behavior and Organization"},{"issue":"1","key":"b25_169","doi-asserted-by":"crossref","first-page":"138","DOI":"10.1016\/j.jdeveco.2005.09.004","volume":"82","author":"IYIGUN M. F.","year":"2006","journal-title":"Journal of Development Economics"},{"key":"b26_170","doi-asserted-by":"publisher","DOI":"10.2307\/146179"},{"key":"b27_171","first-page":"811","volume":"83","author":"MacLEOD W. B.","year":"1993","journal-title":"American Economic Review"},{"key":"b28_172","doi-asserted-by":"publisher","DOI":"10.2307\/2526238"},{"key":"b29_173","doi-asserted-by":"publisher","DOI":"10.2307\/2526280"},{"key":"b30_174","doi-asserted-by":"crossref","first-page":"593","DOI":"10.2307\/2951660","volume":"62","author":"OSTROY J.","year":"1994","journal-title":"Econometrica"},{"issue":"3","key":"b31_175","doi-asserted-by":"crossref","first-page":"592","DOI":"10.1086\/339729","volume":"110","author":"PETERS M.","year":"2002","journal-title":"Journal of Political Economy"},{"key":"b32_176","unstructured":"N QIAN . (2005 ), \"Missing Women and the Price of Tea in China: The Effect of Sex-Specific Income on Sex Ratios\" (unpublished manuscript, Massachusetts Institute of Technology)."},{"key":"b33_177","doi-asserted-by":"crossref","first-page":"14","DOI":"10.1142\/S0116110583000081","volume":"1","author":"SEN A","year":"1983","journal-title":"Asian Development Review"},{"key":"b34_178","doi-asserted-by":"publisher","DOI":"10.2307\/145670"},{"key":"b35_179","doi-asserted-by":"publisher","DOI":"10.1086\/262050"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/74\/2\/507\/18345049\/74-2-507.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,2,12]],"date-time":"2024-02-12T09:57:09Z","timestamp":1707731829000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/j.1467-937X.2007.00429.x"}},"issued":{"date-parts":[[2007,4]]},"references-count":35,"journal-issue":{"issue":"2","published-print":{"date-parts":[[2007,4]]}},"alternative-id":["10.1111\/j.1467-937X.2007.00429.x"],"URL":"https:\/\/doi.org\/10.1111\/j.1467-937x.2007.00429.x","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2007,4]]}},{"indexed":{"date-parts":[[2026,5,16]],"date-time":"2026-05-16T03:43:55Z","timestamp":1778903035168,"version":"3.51.4"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1990,1]]},"DOI":"10.2307\/2297543","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T21:06:22Z","timestamp":1150405582000},"page":"63","source":"Crossref","is-referenced-by-count":131,"title":["Decentralized Trading, Strategic Behaviour and the Walrasian Outcome"],"prefix":"10.1093","volume":"57","author":[{"given":"Ariel","family":"Rubinstein","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Asher","family":"Wolinsky","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/57\/1\/63\/4564790\/57-1-63.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:34:50Z","timestamp":1503534890000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297543"}},"issued":{"date-parts":[[1990,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1990,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2297543","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1990,1]]}},{"indexed":{"date-parts":[[2026,5,16]],"date-time":"2026-05-16T04:18:09Z","timestamp":1778905089183,"version":"3.51.4"},"reference-count":22,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Rev Econ Studies"],"published-print":{"date-parts":[[2005,10]]},"DOI":"10.1111\/0034-6527.00363","type":"journal-article","created":{"date-parts":[[2005,10,26]],"date-time":"2005-10-26T11:07:50Z","timestamp":1130324870000},"page":"1107-1125","source":"Crossref","is-referenced-by-count":270,"title":["Estimation and Testing of Forecast Rationality under Flexible Loss"],"prefix":"10.1093","volume":"72","author":[{"given":"Graham","family":"Elliott","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Ivana","family":"Komunjer","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Allan","family":"Timmermann","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","reference":[{"key":"b1_93","doi-asserted-by":"crossref","first-page":"2247","DOI":"10.1016\/S1573-4412(05)80006-6","volume-title":"Handbook of Econometrics","author":"Andrews D. W. K.","year":"1994","edition":"4"},{"key":"b2_94","doi-asserted-by":"publisher","DOI":"10.1111\/1368-423X.00051"},{"key":"b3_95","doi-asserted-by":"crossref","first-page":"17","DOI":"10.2307\/2109989","volume":"77","author":"Campbell B.","year":"1995","journal-title":"Review of Economics and Statistics"},{"key":"b4_96","doi-asserted-by":"publisher","DOI":"10.1002\/(SICI)1099-1255(199609)11:5<561::AID-JAE406>3.3.CO;2-J"},{"key":"b5_97","doi-asserted-by":"crossref","first-page":"808","DOI":"10.1017\/S0266466600006277","volume":"13","author":"Christoffersen P. F.","year":"1997","journal-title":"Econometric Theory"},{"key":"b6_98","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-4076(02)00099-4"},{"key":"b7_99","doi-asserted-by":"crossref","first-page":"863","DOI":"10.2307\/2527342","volume":"39","author":"Diebold F. X.","year":"1998","journal-title":"International Economic Review"},{"key":"b8_100","first-page":"241","volume-title":"Handbook of Statistics","author":"Diebold F. X.","year":"1996","edition":"14"},{"key":"b9_101","doi-asserted-by":"publisher","DOI":"10.1111\/1468-0262.00238"},{"key":"b10_102","unstructured":"G. Elliott, I. Komunjer, and A. Timmermann (2004 ); \"Biases in Macroeconomic Forecasts: Irrationality or Asymmetric Loss?\" (Unpublished Manuscript, UCSD and Caltech)."},{"key":"b11_103","volume-title":"Forecasting Economic Time Series","author":"Granger C. W. J.","year":"1986","edition":"2"},{"key":"b12_104","doi-asserted-by":"crossref","first-page":"261","DOI":"10.1142\/9781848160156_0015","volume-title":"Statistics and Finance: An Interface","author":"Granger C. W. J.","year":"2000"},{"key":"b13_105","doi-asserted-by":"crossref","first-page":"1269","DOI":"10.2307\/1911873","volume":"50","author":"Hansen L. P.","year":"1982","journal-title":"Econometrica"},{"key":"b14_106","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-4076(00)00022-1"},{"key":"b15_107","doi-asserted-by":"crossref","first-page":"819","DOI":"10.2307\/1911031","volume":"55","author":"Newey W. K.","year":"1987","journal-title":"Econometrica"},{"key":"b16_108","doi-asserted-by":"crossref","first-page":"703","DOI":"10.2307\/1913610","volume":"55","author":"Newey W. K.","year":"1987","journal-title":"Econometrica"},{"key":"b17_109","volume-title":"Analyse","author":"Schwartz L.","year":"1997"},{"key":"b18_110","doi-asserted-by":"crossref","first-page":"1067","DOI":"10.2307\/2171956","volume":"64","author":"West K. D.","year":"1996","journal-title":"Econometrica"},{"key":"b19_111","doi-asserted-by":"publisher","DOI":"10.1016\/0022-1996(93)90003-G"},{"key":"b20_112","doi-asserted-by":"crossref","first-page":"817","DOI":"10.2307\/2527340","volume":"39","author":"West K. D.","year":"1998","journal-title":"International Economic Review"},{"key":"b21_113","volume-title":"Asymptotic Theory for Econometricians","author":"White H.","year":"2001","edition":"2"},{"key":"b22_114","doi-asserted-by":"crossref","first-page":"446","DOI":"10.1080\/01621459.1986.10478289","volume":"81","author":"Zellner A.","year":"1986","journal-title":"Journal of the American Statistical Association"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/72\/4\/1107\/18338564\/72-4-1107.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,1,5]],"date-time":"2025-01-05T06:06:24Z","timestamp":1736057184000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/0034-6527.00363"}},"issued":{"date-parts":[[2005,10]]},"references-count":22,"journal-issue":{"issue":"4","published-print":{"date-parts":[[2005,10]]}},"alternative-id":["10.1111\/0034-6527.00363"],"URL":"https:\/\/doi.org\/10.1111\/0034-6527.00363","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2005,10]]}},{"indexed":{"date-parts":[[2026,5,16]],"date-time":"2026-05-16T21:16:48Z","timestamp":1778966208539,"version":"3.51.4"},"reference-count":13,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Rev Econ Studies"],"published-print":{"date-parts":[[2003,4]]},"DOI":"10.1111\/1467-937x.00243","type":"journal-article","created":{"date-parts":[[2003,12,2]],"date-time":"2003-12-02T08:15:09Z","timestamp":1070352909000},"page":"231-251","source":"Crossref","is-referenced-by-count":86,"title":["Reputation and Survival: Learning in a Dynamic Signalling Model"],"prefix":"10.1093","volume":"70","author":[{"given":"Heski","family":"Bar-Isaac","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","reference":[{"key":"b1_71","unstructured":"H. Bar-Isaac (2001 ); \"Self-confidence and Survival\" (Mimeo, London School of Economics)."},{"key":"b2_72","doi-asserted-by":"crossref","first-page":"1124","DOI":"10.2307\/2171959","volume":"64","author":"Bergemann D.","year":"1996","journal-title":"Econometrica"},{"key":"b3_73","doi-asserted-by":"crossref","first-page":"179","DOI":"10.2307\/1885060","volume":"102","author":"Cho I.-K.","year":"1987","journal-title":"Quarterly Journal of Economics"},{"key":"b4_74","doi-asserted-by":"crossref","first-page":"838","DOI":"10.1086\/262044","volume":"104","author":"Felli L.","year":"1996","journal-title":"Journal of Political Economy"},{"key":"b5_75","doi-asserted-by":"crossref","first-page":"1799","DOI":"10.2307\/1912117","volume":"51","author":"Holmstrom B.","year":"1983","journal-title":"Econometrica"},{"key":"b6_76","doi-asserted-by":"crossref","first-page":"773","DOI":"10.2307\/2297918","volume":"61","author":"Judd K. L.","year":"1994","journal-title":"Review of Economic Studies"},{"key":"b7_77","volume-title":"Bayesian Models in Economic Theory","author":"Khilstrom R. E.","year":"1984"},{"key":"b8_78","doi-asserted-by":"publisher","DOI":"10.1086\/261408"},{"key":"b9_79","unstructured":"M. Ottaviani (1999 ); \"Monopoly Pricing with Social Learning\" (Mimeo, University College London)."},{"key":"b10_80","doi-asserted-by":"crossref","first-page":"185","DOI":"10.1016\/0022-0531(74)90066-0","volume":"9","author":"Rothschild M.","year":"1974","journal-title":"Journal of Economic Theory"},{"key":"b11_81","doi-asserted-by":"crossref","DOI":"10.2307\/j.ctvjnrt76","volume-title":"Recursive Methods in Economic Dynamics","author":"Stokey N. L.","year":"1989"},{"key":"b12_82","doi-asserted-by":"crossref","first-page":"548","DOI":"10.1257\/aer.89.3.548","volume":"89","author":"Tadelis S.","year":"1999","journal-title":"American Economic Review"},{"key":"b13_83","volume-title":"Optimization Over Time: Dynamic Programming and Stochastic Control","author":"Whittle P.","year":"1982","edition":"1"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/70\/2\/231\/4504573\/70-2-231.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2020,3,27]],"date-time":"2020-03-27T12:23:51Z","timestamp":1585311831000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/1467-937X.00243"}},"issued":{"date-parts":[[2003,4]]},"references-count":13,"journal-issue":{"issue":"2","published-print":{"date-parts":[[2003,4]]}},"alternative-id":["10.1111\/1467-937X.00243"],"URL":"https:\/\/doi.org\/10.1111\/1467-937x.00243","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2003,4]]}},{"indexed":{"date-parts":[[2026,5,19]],"date-time":"2026-05-19T07:16:21Z","timestamp":1779174981970,"version":"3.51.4"},"reference-count":46,"publisher":"Oxford University Press (OUP)","issue":"2","license":[{"start":{"date-parts":[[2025,5,22]],"date-time":"2025-05-22T00:00:00Z","timestamp":1747872000000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/pages\/standard-publication-reuse-rights"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2026,3,6]]},"abstract":"<jats:title>Abstract<\/jats:title>\n                  <jats:p>This article studies the efficient allocation in an economy in which firms are connected through input\u2013output linkages and must pay a fixed cost to produce. When economic conditions are poor, some firms might decide not to operate, thereby severing the links with their neighbours and changing the structure of the production network. Since producers benefit from having access to additional suppliers, nearby firms tend to operate, or not, together. As a result, the production network features clusters of operating firms, and the exit of a producer can create a cascade of firm shutdowns. While well-connected firms are better able to withstand shocks, they trigger larger cascades upon exit. The theory also predicts how the structure of the production network changes over the business cycle. As in the data, recessions are associated with more dispersed networks that feature fewer highly connected firms. In the calibrated economy, the endogenous reorganization of the network substantially dampens the impact of idiosyncratic shocks on aggregate fluctuations.<\/jats:p>","DOI":"10.1093\/restud\/rdaf036","type":"journal-article","created":{"date-parts":[[2025,5,21]],"date-time":"2025-05-21T09:15:43Z","timestamp":1747818943000},"page":"1354-1392","source":"Crossref","is-referenced-by-count":6,"title":["Cascades and Fluctuations in an Economy with an Endogenous Production Network"],"prefix":"10.1093","volume":"93","author":[{"given":"Mathieu","family":"Taschereau-Dumouchel","sequence":"first","affiliation":[{"name":"Cornell University ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2025,5,22]]},"reference":[{"key":"2026030613372562300_rdaf036-B1","doi-asserted-by":"crossref","first-page":"33","DOI":"10.3982\/ECTA15899","article-title":"Endogenous Production Networks","volume":"88","author":"Acemoglu","year":"2020","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026030613372562300_rdaf036-B2","doi-asserted-by":"crossref","first-page":"1977","DOI":"10.3982\/ECTA9623","article-title":"The Network Origins of Aggregate Fluctuations","volume":"80","author":"Acemoglu","year":"2012","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026030613372562300_rdaf036-B3","doi-asserted-by":"crossref","first-page":"54","DOI":"10.1257\/aer.20151086","article-title":"Microeconomic Origins of Macroeconomic Tail Risks","volume":"107","author":"Acemoglu","year":"2017","journal-title":"American Economic Review"},{"key":"2026030613372562300_rdaf036-B4","doi-asserted-by":"crossref","first-page":"656","DOI":"10.1093\/restud\/rdae038","article-title":"The Macroeconomics of Supply Chain Disruptions","volume":"92","author":"Acemoglu","year":"2025","journal-title":"Review of Economic Studies"},{"key":"2026030613372562300_rdaf036-B5","first-page":"254","article-title":"How Important Are Sectoral Shocks?","volume":"9","author":"Atalay","year":"2017","journal-title":"American Economic Journal: Macroeconomics"},{"key":"2026030613372562300_rdaf036-B6","doi-asserted-by":"crossref","first-page":"5199","DOI":"10.1073\/pnas.1015564108","article-title":"Network Structure of Production","volume":"108","author":"Atalay","year":"2011","journal-title":"Proceedings of the National Academy of Sciences"},{"key":"2026030613372562300_rdaf036-B7","doi-asserted-by":"crossref","first-page":"1819","DOI":"10.3982\/ECTA15280","article-title":"Cascading Failures in Production Networks","volume":"86","author":"Baqaee","year":"2018","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026030613372562300_rdaf036-B8","doi-asserted-by":"crossref","first-page":"1155","DOI":"10.3982\/ECTA15202","article-title":"The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten\u2019s Theorem","volume":"87","author":"Baqaee","year":"2019","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026030613372562300_rdaf036-B9","doi-asserted-by":"crossref","first-page":"105","DOI":"10.1093\/qje\/qjz030","article-title":"Productivity and Misallocation in General Equilibrium","volume":"135","author":"Baqaee","year":"2020","journal-title":"The Quarterly Journal of Economics"},{"key":"2026030613372562300_rdaf036-B10","doi-asserted-by":"crossref","first-page":"1543","DOI":"10.1093\/qje\/qjw018","article-title":"Input Specificity and the Propagation of Idiosyncratic Shocks in Production Networks","volume":"131","author":"Barrot","year":"2016","journal-title":"The Quarterly Journal of Economics"},{"key":"2026030613372562300_rdaf036-B11","doi-asserted-by":"crossref","first-page":"305","DOI":"10.1257\/aer.103.1.305","article-title":"Cross-Country Differences in Productivity: The Role of Allocation and Selection","volume":"103","author":"Bartelsman","year":"2013","journal-title":"American Economic Review"},{"key":"2026030613372562300_rdaf036-B12","doi-asserted-by":"crossref","first-page":"2187","DOI":"10.1093\/qje\/qjaa018","article-title":"Distortions in Production Networks","volume":"135","author":"Bigio","year":"2020","journal-title":"The Quarterly Journal of Economics"},{"key":"2026030613372562300_rdaf036-B13","doi-asserted-by":"crossref","first-page":"379","DOI":"10.1016\/S0022-4359(01)00048-3","article-title":"Retailer Power and Supplier Welfare: The Case of Wal-Mart","volume":"77","author":"Bloom","year":"2001","journal-title":"Journal of Retailing"},{"key":"2026030613372562300_rdaf036-B14","doi-asserted-by":"crossref","first-page":"2007","DOI":"10.1093\/qje\/qjaa020","article-title":"Misallocation in the Market for Inputs: Enforcement and the Organization of Production","volume":"135","author":"Boehm","year":"2020","journal-title":"The Quarterly Journal of Economics"},{"key":"2026030613372562300_rdaf036-B15","doi-asserted-by":"crossref","first-page":"593","DOI":"10.2307\/2118415","article-title":"Output Fluctuations at the Plant Level","volume":"109","author":"Bresnahan","year":"1994","journal-title":"The Quarterly Journal of Economics"},{"key":"2026030613372562300_rdaf036-B16","doi-asserted-by":"crossref","first-page":"541","DOI":"10.1162\/qjec.2006.121.2.541","article-title":"Globalization and the Gains From Variety","volume":"121","author":"Broda","year":"2006","journal-title":"The Quarterly Journal of Economics"},{"key":"2026030613372562300_rdaf036-B17","doi-asserted-by":"crossref","first-page":"2042","DOI":"10.1093\/restud\/rdx082","article-title":"The Impact of Regional and Sectoral Productivity Changes on the US Economy","volume":"85","author":"Caliendo","year":"2018","journal-title":"The Review of Economic Studies"},{"key":"2026030613372562300_rdaf036-B18","first-page":"274","article-title":"Distortions and the Structure of the World Economy","volume":"14","author":"Caliendo","year":"2022","journal-title":"American Economic Journal: Macroeconomics"},{"key":"2026030613372562300_rdaf036-B19","doi-asserted-by":"publisher","first-page":"1255","DOI":"10.1093\/qje\/qjaa044","article-title":"Supply Chain Disruptions: Evidence from the Great East Japan Earthquake*","volume":"136","author":"Carvalho","year":"2021","journal-title":"The Quarterly Journal of Economics"},{"key":"2026030613372562300_rdaf036-B20","doi-asserted-by":"crossref","first-page":"635","DOI":"10.1146\/annurev-economics-080218-030212","article-title":"Production Networks: A Primer","volume":"11","author":"Carvalho","year":"2019","journal-title":"Annual Review of Economics"},{"key":"2026030613372562300_rdaf036-B21","doi-asserted-by":"crossref","first-page":"3872","DOI":"10.1257\/aer.20191895","article-title":"Sectoral Media Focus and Aggregate Fluctuations","volume":"111","author":"Chahrour","year":"2021","journal-title":"American Economic Review"},{"key":"2026030613372562300_rdaf036-B22","doi-asserted-by":"crossref","first-page":"1977","DOI":"10.1111\/j.1540-6261.2008.01379.x","article-title":"Economic Links and Predictable Returns","volume":"63","author":"Cohen","year":"2008","journal-title":"The Journal of Finance"},{"key":"2026030613372562300_rdaf036-B23","author":"Congressional Budget Office"},{"key":"2026030613372562300_rdaf036-B24","doi-asserted-by":"crossref","first-page":"643","DOI":"10.1093\/restud\/rdaa062","article-title":"Trade and Domestic Production Networks","volume":"88","author":"Dhyne","year":"2021","journal-title":"The Review of Economic Studies"},{"key":"2026030613372562300_rdaf036-B25","doi-asserted-by":"crossref","first-page":"1303","DOI":"10.3982\/ECTA11041","article-title":"Firms, Destinations, and Aggregate Fluctuations","volume":"82","author":"Di Giovanni","year":"2014","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026030613372562300_rdaf036-B26","doi-asserted-by":"crossref","first-page":"2701","DOI":"10.1257\/aer.20210220","article-title":"Supply Network Formation and Fragility","volume":"112","author":"Elliott","year":"2022","journal-title":"American Economic Review"},{"key":"2026030613372562300_rdaf036-B27","author":"FactSet"},{"key":"2026030613372562300_rdaf036-B28","doi-asserted-by":"crossref","first-page":"394","DOI":"10.1257\/aer.98.1.394","article-title":"Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?","volume":"98","author":"Foster","year":"2008","journal-title":"The American Economic Review"},{"key":"2026030613372562300_rdaf036-B29","doi-asserted-by":"crossref","first-page":"733","DOI":"10.3982\/ECTA8769","article-title":"The Granular Origins of Aggregate Fluctuations","volume":"79","author":"Gabaix","year":"2011","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026030613372562300_rdaf036-B30","doi-asserted-by":"crossref","first-page":"24","DOI":"10.1198\/jbes.2009.06157","article-title":"Rank - 1\/2: A Simple Way to Improve the OLS Estimation of Tail Exponents","volume":"29","author":"Gabaix","year":"2011","journal-title":"Journal of Business & Economic Statistics: A Publication of the American Statistical Association"},{"key":"2026030613372562300_rdaf036-B31","volume-title":"Computers and Intractability; A Guide to the Theory of NP-Completeness","author":"Garey","year":"1990"},{"key":"2026030613372562300_rdaf036-B32","doi-asserted-by":"crossref","first-page":"35","DOI":"10.1111\/j.1937-5956.2005.tb00008.x","article-title":"An Empirical Analysis of the Effect of Supply Chain Disruptions on Long-Run Stock Price Performance and Equity Risk of the Firm","volume":"14","author":"Hendricks","year":"2005","journal-title":"Production and Operations Management"},{"key":"2026030613372562300_rdaf036-B33","doi-asserted-by":"crossref","first-page":"511","DOI":"10.2307\/2297252","article-title":"Growth Accounting with Intermediate Inputs","volume":"45","author":"Hulten","year":"1978","journal-title":"The Review of Economic Studies"},{"key":"2026030613372562300_rdaf036-B34","first-page":"1","article-title":"Intermediate Goods and Weak Links in the Theory of Economic Development","volume":"3","author":"Jones","year":"2011","journal-title":"American Economic Journal: Macroeconomics"},{"key":"2026030613372562300_rdaf036-B35","volume-title":"Productivity and U.S. Economic Growth","author":"Jorgenson","year":"1987"},{"key":"2026030613372562300_rdaf036-B36","doi-asserted-by":"crossref","first-page":"1621","DOI":"10.3982\/ECTA20629","article-title":"Endogenous Production Networks Under Supply Chain Uncertainty","volume":"92","author":"Kopytov","year":"2024","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026030613372562300_rdaf036-B37","volume-title":"Nonlinear Integer Programming","author":"Li","year":"2006"},{"key":"2026030613372562300_rdaf036-B38","author":"Lim"},{"key":"2026030613372562300_rdaf036-B39","doi-asserted-by":"crossref","first-page":"1883","DOI":"10.1093\/qje\/qjz024","article-title":"Industrial Policies in Production Networks","volume":"134","author":"Liu","year":"2019","journal-title":"The Quarterly Journal of Economics"},{"key":"2026030613372562300_rdaf036-B40","doi-asserted-by":"crossref","first-page":"257","DOI":"10.1007\/s10589-008-9218-1","article-title":"An Algorithm for Nonlinear Optimization Problems with Binary Variables","volume":"47","author":"Murray","year":"2010","journal-title":"Computational Optimization and Applications"},{"key":"2026030613372562300_rdaf036-B41","doi-asserted-by":"crossref","first-page":"559","DOI":"10.3982\/ECTA10731","article-title":"A Theory of Input-Output Architecture","volume":"86","author":"Oberfield","year":"2018","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026030613372562300_rdaf036-B42","author":"Ostroumova Prokhorenkova"},{"key":"2026030613372562300_rdaf036-B43","author":"Ozdagli"},{"key":"2026030613372562300_rdaf036-B44","author":"Refinitiv"},{"key":"2026030613372562300_rdaf036-B45","author":"S&P Global Market Intelligence"},{"key":"2026030613372562300_rdaf036-B46","doi-asserted-by":"crossref","first-page":"307","DOI":"10.1002\/j.2158-1592.2008.tb00081.x","article-title":"An Empirical Examination of Supply Chain Performance Along Several Dimensions of Risk","volume":"29","author":"Wagner","year":"2008","journal-title":"Journal of Business Logistics"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdaf036\/63293146\/rdaf036.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/93\/2\/1354\/63293146\/rdaf036.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/93\/2\/1354\/63293146\/rdaf036.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2026,3,6]],"date-time":"2026-03-06T18:37:40Z","timestamp":1772822260000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/93\/2\/1354\/8140637"}},"issued":{"date-parts":[[2025,5,22]]},"references-count":46,"journal-issue":{"issue":"2","published-online":{"date-parts":[[2025,5,22]]},"published-print":{"date-parts":[[2026,3,6]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdaf036","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2026,3]]},"published":{"date-parts":[[2025,5,22]]}},{"indexed":{"date-parts":[[2026,5,19]],"date-time":"2026-05-19T16:45:39Z","timestamp":1779209139325,"version":"3.51.4"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1993,10,1]]},"DOI":"10.2307\/2298103","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T21:14:59Z","timestamp":1150406099000},"page":"865-888","source":"Crossref","is-referenced-by-count":553,"title":["Debt-Constrained Asset Markets"],"prefix":"10.1093","volume":"60","author":[{"given":"T. J.","family":"Kehoe","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"D. K.","family":"Levine","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/60\/4\/865\/4473891\/60-4-865.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T19:42:39Z","timestamp":1503517359000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2298103"}},"issued":{"date-parts":[[1993,10,1]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1993,10,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2298103","relation":{"has-preprint":[{"id-type":"doi","id":"10.21034\/wp.445","asserted-by":"object"}]},"ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1993,10,1]]}},{"indexed":{"date-parts":[[2026,5,19]],"date-time":"2026-05-19T16:55:26Z","timestamp":1779209726660,"version":"3.51.4"},"reference-count":72,"publisher":"Oxford University Press (OUP)","issue":"4","license":[{"start":{"date-parts":[[2024,7,11]],"date-time":"2024-07-11T00:00:00Z","timestamp":1720656000000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by-nc\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2025,7,7]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>This paper shows that the outcome of trade wars for tariffs and welfare will be affected by the monetary policy regime. The key message is that trade policy interacts with monetary policy in a way that magnifies the welfare costs of discretionary monetary policy in an international setting. If countries follow monetary policies of flexible inflation targeting, trade wars are relatively mild, with low equilibrium tariffs and small welfare costs. Discretionary monetary policies imply much higher tariffs, high inflation rates, and substantially larger welfare costs. We quantify the effects of a global trade war among major economies using estimates of trade elasticities, economic size, net foreign assets, and trade openness. We find large welfare benefits of an inflation targeting monetary policy for all countries.<\/jats:p>","DOI":"10.1093\/restud\/rdae075","type":"journal-article","created":{"date-parts":[[2024,7,11]],"date-time":"2024-07-11T12:01:21Z","timestamp":1720699281000},"page":"2228-2270","source":"Crossref","is-referenced-by-count":7,"title":["Trade Wars, Nominal Rigidities, and Monetary Policy"],"prefix":"10.1093","volume":"92","author":[{"given":"St\u00e9phane","family":"Auray","sequence":"first","affiliation":[{"name":"CREST-Ensai and Rennes School of Business ,","place":["France"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Michael B","family":"Devereux","sequence":"additional","affiliation":[{"name":"Vancouver School of Economics , University of British Columbia, Canada; CEPR, UK and NBER ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Aur\u00e9lien","family":"Eyquem","sequence":"additional","affiliation":[{"name":"Department of Economics, University of Lausanne , Lausanne ,","place":["Switzerland"]}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2024,7,11]]},"reference":[{"key":"2025070716564372600_rdae075-B1","author":"Atkin","year":"2022"},{"key":"2025070716564372600_rdae075-B2","author":"Auray","year":"2020"},{"issue":"103552","key":"2025070716564372600_rdae075-B3","article-title":"Self-enforcing Trade Policy and Exchange Rate Adjustment","volume":"134","author":"Auray","year":"2022","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B4","doi-asserted-by":"crossref","first-page":"159","DOI":"10.1016\/j.jinteco.2018.09.007","article-title":"Ramsey-Optimal Tax Reforms and Real Exchange Rate Dynamics","volume":"115","author":"Auray","year":"2018","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B5","doi-asserted-by":"crossref","first-page":"126","DOI":"10.1016\/j.euroecorev.2017.06.002","article-title":"Competitive Tax Reforms in a Monetary Union with Endogenous Entry and Tradability","volume":"98","author":"Auray","year":"2017","journal-title":"European Economic Review"},{"key":"2025070716564372600_rdae075-B6","first-page":"1","article-title":"Protection and the Business Cycle","volume":"3","author":"Bagwell","year":"2003","journal-title":"The B.E. Journal of Economic Analysis & Policy"},{"key":"2025070716564372600_rdae075-B7","volume-title":"Handbook of Commercial Policy","author":"Bagwell","year":"2016"},{"key":"2025070716564372600_rdae075-B8","doi-asserted-by":"crossref","first-page":"103417","DOI":"10.1016\/j.jinteco.2020.103417","article-title":"Protectionism and the Business Cycle","volume":"129","author":"Barattieri","year":"2021","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B9","doi-asserted-by":"crossref","first-page":"395","DOI":"10.1086\/700897","article-title":"The Macroeconomics of Border Taxes","volume":"33","author":"Barbiero","year":"2019","journal-title":"NBER Macroeconomics Annual"},{"key":"2025070716564372600_rdae075-B10","doi-asserted-by":"crossref","first-page":"101","DOI":"10.1016\/0304-3932(83)90051-X","article-title":"Rules, Discretion and Reputation in a Model of Monetary Policy","volume":"12","author":"Barro","year":"1983","journal-title":"Journal of Monetary Economics"},{"key":"2025070716564372600_rdae075-B11","doi-asserted-by":"crossref","first-page":"743","DOI":"10.1111\/1467-937X.00265","article-title":"Price Stability in Open Economies","volume":"70","author":"Benigno","year":"2003","journal-title":"The Review of Economic Studies"},{"key":"2025070716564372600_rdae075-B12","first-page":"246","article-title":"Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage","volume":"12","author":"Bergin","year":"2020","journal-title":"American Economic Journal: Macroeconomics"},{"key":"2025070716564372600_rdae075-B13","doi-asserted-by":"crossref","first-page":"103758","DOI":"10.1016\/j.jinteco.2023.103758","article-title":"The Macroeconomic Stabilization of Tariff Shocks: What is the Optimal Monetary Response?","volume":"143","author":"Bergin","year":"2023","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B14","author":"Bhattarai","year":"2016"},{"key":"2025070716564372600_rdae075-B15","article-title":"US-China Trade War: The Guns of August (Peterson Institute for International Economics, PIIE Trade and Investment Policy Watch)","author":"Bown","year":"2019"},{"key":"2025070716564372600_rdae075-B16","doi-asserted-by":"crossref","first-page":"50","DOI":"10.1016\/j.jinteco.2012.12.001","article-title":"Import Protection, Business Cycles, and Exchange Rates: Evidence from the Great Recession","volume":"90","author":"Bown","year":"2013","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B17","doi-asserted-by":"crossref","first-page":"2032","DOI":"10.1257\/aer.98.5.2032","article-title":"Optimal Tariffs and Market Power: The Evidence","volume":"98","author":"Broda","year":"2008","journal-title":"American Economic Review"},{"key":"2025070716564372600_rdae075-B18","doi-asserted-by":"crossref","first-page":"69","DOI":"10.1016\/j.jedc.2016.03.008","article-title":"Market Reforms in the Time of Imbalance","volume":"72","author":"Cacciatore","year":"2016","journal-title":"Journal of Economic Dynamics and Control"},{"key":"2025070716564372600_rdae075-B19","author":"Caliendo","year":"2021"},{"key":"2025070716564372600_rdae075-B20","doi-asserted-by":"crossref","first-page":"92","DOI":"10.1016\/j.jinteco.2013.12.010","article-title":"Trade Policy: Home Market Effect versus Terms-of-Trade Externality","volume":"93","author":"Campolmi","year":"2014","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B21","author":"Chari","year":"2018"},{"key":"2025070716564372600_rdae075-B22","doi-asserted-by":"crossref","first-page":"471","DOI":"10.1257\/aer.101.3.471","article-title":"Are Micro and Macro Labor Supply Elasticities Consistent? A Review of Evidence on the Intensive and Extensive Margins","volume":"101","author":"Chetty","year":"2011","journal-title":"American Economic Review"},{"key":"2025070716564372600_rdae075-B23","doi-asserted-by":"crossref","first-page":"879","DOI":"10.1016\/S0304-3932(02)00128-9","article-title":"A Simple Framework for International Monetary Policy Analysis","volume":"49","author":"Clarida","year":"2002","journal-title":"Journal of Monetary Economics"},{"key":"2025070716564372600_rdae075-B24","doi-asserted-by":"crossref","first-page":"141","DOI":"10.1086\/533504","article-title":"Optimal Fiscal and Monetary Policy: Equivalence Results","volume":"116","author":"Correia","year":"2008","journal-title":"Journal of Political Economy"},{"key":"2025070716564372600_rdae075-B25","doi-asserted-by":"crossref","first-page":"421","DOI":"10.1162\/00335530151144069","article-title":"Welfare and Macroeconomic Interdependence","volume":"116","author":"Corsetti","year":"2001","journal-title":"The Quarterly Journal of Economics"},{"key":"2025070716564372600_rdae075-B26","doi-asserted-by":"crossref","first-page":"77","DOI":"10.1086\/674425","article-title":"A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation","volume":"122","author":"Costinot","year":"2014","journal-title":"Journal of Political Economy"},{"key":"2025070716564372600_rdae075-B27","doi-asserted-by":"crossref","first-page":"11","DOI":"10.1016\/j.jinteco.2008.09.007","article-title":"Monetary Policy and Welfare in a Small Open Economy","volume":"77","author":"de Paoli","year":"2009","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B28","doi-asserted-by":"crossref","first-page":"2","DOI":"10.1016\/j.jmoneco.2013.11.006","article-title":"Can Structural Reforms Help Europe?","volume":"61","author":"Eggertsson","year":"2014","journal-title":"Journal of Monetary Economics"},{"issue":"7","key":"2025070716564372600_rdae075-B29","doi-asserted-by":"crossref","first-page":"1783","DOI":"10.1257\/aer.20200636","article-title":"Optimal Monetary Policy under Dollar Pricing","volume":"113","author":"Egorov","year":"2023","journal-title":"American Economic Review"},{"key":"2025070716564372600_rdae075-B30","doi-asserted-by":"crossref","first-page":"341","DOI":"10.1016\/0022-1996(81)90002-7","article-title":"A Dynamic Model of Tariffs, Output and Employment Under Flexible Exchange Rates","volume":"11","author":"Eichengreen","year":"1981","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B31","doi-asserted-by":"crossref","first-page":"2796","DOI":"10.1257\/aer.101.6.2796","article-title":"Currency Alignments and Optimal Monetary Policy","volume":"101","author":"Engel","year":"2011","journal-title":"American Economic Review"},{"key":"2025070716564372600_rdae075-B32","first-page":"104","article-title":"Trade Policies and Fiscal Devaluations","volume":"15","author":"Erceg","year":"2023","journal-title":"American Economic Journal: Macroeconomics"},{"key":"2025070716564372600_rdae075-B33","doi-asserted-by":"crossref","first-page":"721","DOI":"10.1111\/j.1538-4616.2008.00133.x","article-title":"Optimal Monetary Policy in a Small Open Economy with Home Bias","volume":"40","author":"Faia","year":"2008","journal-title":"Journal of Money, Credit and Banking"},{"key":"2025070716564372600_rdae075-B34","doi-asserted-by":"crossref","first-page":"205","DOI":"10.1146\/annurev-economics-051420-110410","article-title":"The Economic Impacts of the US-China Trade War","volume":"14","author":"Fajgelbaum","year":"2022","journal-title":"Annual Review of Economics"},{"key":"2025070716564372600_rdae075-B35","doi-asserted-by":"crossref","first-page":"725","DOI":"10.1093\/restud\/rdt036","article-title":"Fiscal Devaluations","volume":"81","author":"Farhi","year":"2014","journal-title":"Review of Economic Studies"},{"key":"2025070716564372600_rdae075-B36","doi-asserted-by":"crossref","first-page":"135","DOI":"10.1162\/REST_a_00696","article-title":"In Search of the Armington Elasticity","volume":"100","author":"Feenstra","year":"2018","journal-title":"Review of Economics and Statistics"},{"key":"2025070716564372600_rdae075-B37","doi-asserted-by":"crossref","first-page":"13","DOI":"10.1016\/j.jinteco.2012.06.001","article-title":"Optimal Tariffs, Retaliation, and the Welfare Loss from Tariff Wars in the Melitz Model","volume":"89","author":"Felbermayr","year":"2013","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B38","doi-asserted-by":"crossref","DOI":"10.1093\/acrefore\/9780190625979.013.299","volume-title":"Fiscal and Monetary Policy in Open Economy","author":"Ferrero","year":"2020"},{"key":"2025070716564372600_rdae075-B39","doi-asserted-by":"crossref","first-page":"300","DOI":"10.1016\/j.jinteco.2017.07.006","article-title":"Optimal Monetary Policy in Open Economies Revisited","volume":"108","author":"Fujiwara","year":"2017","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B40","author":"Furceri","year":"2018"},{"key":"2025070716564372600_rdae075-B41","doi-asserted-by":"crossref","first-page":"707","DOI":"10.1111\/j.1467-937X.2005.00349.x","article-title":"Monetary Policy and Exchange Rate Volatility in a Small Open Economy","volume":"72","author":"Gal\u00ec","year":"2005","journal-title":"The Review of Economic Studies"},{"key":"2025070716564372600_rdae075-B42","first-page":"865","article-title":"International Trade and Macroeconomic Dynamics with Heterogeneous Firms","volume":"120","author":"Ghironi","year":"2005","journal-title":"The Quarterly Journal of Economics"},{"key":"2025070716564372600_rdae075-B43","doi-asserted-by":"crossref","first-page":"677","DOI":"10.1257\/aer.20171201","article-title":"Dominant Currency Paradigm","volume":"110","author":"Gopinath","year":"2020","journal-title":"American Economic Review"},{"key":"2025070716564372600_rdae075-B44","doi-asserted-by":"crossref","first-page":"63","DOI":"10.1016\/j.jmoneco.2019.01.016","article-title":"The Inherent Benefit of Monetary Unions","volume":"111","author":"Groll","year":"2020","journal-title":"Journal of Monetary Economics"},{"key":"2025070716564372600_rdae075-B45","doi-asserted-by":"crossref","first-page":"357","DOI":"10.1016\/0022-1996(87)90061-4","article-title":"A Note on the Optimal Tariff, Retaliation and the Welfare Loss from Tariff Wars in a Framework with Intra-Industry Trade","volume":"23","author":"Gros","year":"1987","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B46","doi-asserted-by":"crossref","first-page":"675","DOI":"10.1086\/261999","article-title":"Trade Wars and Trade Talks","volume":"103","author":"Grossman","year":"1995","journal-title":"Journal of Political Economy"},{"key":"2025070716564372600_rdae075-B47","doi-asserted-by":"crossref","first-page":"388","DOI":"10.1111\/j.1467-9361.2006.00339.x","article-title":"Business Cycles, the Exchange Rate, and Demand for Antidumping Protection in Mexico","volume":"10","author":"Gunnar","year":"2006","journal-title":"Review of Development Economics"},{"key":"2025070716564372600_rdae075-B48","doi-asserted-by":"crossref","first-page":"879","DOI":"10.1093\/restud\/rdac038","article-title":"A Risk-Based Theory of Exchange Rate Stabilization","volume":"90","author":"Hassan","year":"2022","journal-title":"The Review of Economic Studies"},{"key":"2025070716564372600_rdae075-B49","doi-asserted-by":"crossref","first-page":"22","DOI":"10.1057\/imfer.2013.2","article-title":"Optimal Devaluations","volume":"61","author":"Hevia","year":"2013","journal-title":"IMF Economic Review"},{"key":"2025070716564372600_rdae075-B50","doi-asserted-by":"crossref","first-page":"383","DOI":"10.1111\/roie.12270","article-title":"Trade Elasticities","volume":"25","author":"Imbs","year":"2017","journal-title":"Review of International Economics"},{"key":"2025070716564372600_rdae075-B51","author":"Jeanne","year":"2021"},{"key":"2025070716564372600_rdae075-B52","doi-asserted-by":"crossref","first-page":"142","DOI":"10.2307\/2296006","article-title":"Optimum Tariffs and Retaliation","volume":"21","author":"Johnson","year":"1953","journal-title":"Review of Economic Studies"},{"key":"2025070716564372600_rdae075-B53","doi-asserted-by":"crossref","first-page":"81","DOI":"10.2307\/2526808","article-title":"Do Big Countries Win Tariff Wars?","volume":"29","author":"Kennan","year":"1988","journal-title":"International Economic Review"},{"key":"2025070716564372600_rdae075-B54","author":"Korinek","year":"2016"},{"key":"2025070716564372600_rdae075-B55","doi-asserted-by":"crossref","first-page":"141","DOI":"10.1016\/0167-2231(82)90024-0","article-title":"The Macroeconomics of Protection with a Floating Exchange Rate","volume":"16","author":"Krugman","year":"1982","journal-title":"Carnegie Rochester Conference Series on Public Policy"},{"key":"2025070716564372600_rdae075-B56","doi-asserted-by":"crossref","first-page":"189","DOI":"10.1057\/s41308-017-0048-y","article-title":"The External Wealth of Nations Revisited: International Financial Integration in the Aftermath of the Global Financial Crisis","volume":"66","author":"Lane","year":"2018","journal-title":"IMF Economic Review"},{"key":"2025070716564372600_rdae075-B57","author":"Lane","year":"2021"},{"key":"2025070716564372600_rdae075-B58","doi-asserted-by":"crossref","first-page":"103419","DOI":"10.1016\/j.jinteco.2020.103419","article-title":"The Cost of a Global Tariff War: A Sufficient Statistics Approach","volume":"131","author":"Lashkaripour","year":"2021","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B59","doi-asserted-by":"crossref","first-page":"1715","DOI":"10.1111\/jmcb.12429","article-title":"Ben Bernanke in Doha: The Effect of Monetary Policy on Optimal Tariffs","volume":"49","author":"Lechthaler","year":"2017","journal-title":"Journal of Money, Credit and Banking"},{"key":"2025070716564372600_rdae075-B60","doi-asserted-by":"crossref","first-page":"52","DOI":"10.1016\/j.jimonfin.2019.01.019","article-title":"The Macroeconomic Effects of Trade Tariffs: Revisiting the Lerner Symmetry Result","volume":"95","author":"Lind\u00e9","year":"2019","journal-title":"Journal of International Money and Finance"},{"key":"2025070716564372600_rdae075-B61","doi-asserted-by":"crossref","first-page":"1695","DOI":"10.1111\/1468-0262.00467","article-title":"The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity","volume":"71","author":"Melitz","year":"2003","journal-title":"Econometrica"},{"key":"2025070716564372600_rdae075-B62","doi-asserted-by":"crossref","first-page":"650","DOI":"10.1257\/aer.20181550","article-title":"An Equilibrium Model of the International Price System","volume":"112","author":"Mukhin","year":"2022","journal-title":"American Economic Review"},{"key":"2025070716564372600_rdae075-B63","doi-asserted-by":"crossref","first-page":"1","DOI":"10.2202\/1469-3569.1309","article-title":"Real Exchange Rates and Trade Protectionism","volume":"12","author":"Oatley","year":"2010","journal-title":"Business and Politics"},{"key":"2025070716564372600_rdae075-B64","doi-asserted-by":"crossref","first-page":"212","DOI":"10.1016\/j.jinteco.2009.11.001","article-title":"Tariff Wars in the Ricardian Model with a Continuum of Goods","volume":"80","author":"Opp","year":"2010","journal-title":"Journal of International Economics"},{"key":"2025070716564372600_rdae075-B65","doi-asserted-by":"crossref","first-page":"122","DOI":"10.1086\/659371","article-title":"A \u201cNew Trade\u201d Theory of GATT\/WTO Negotiations","volume":"119","author":"Ossa","year":"2011","journal-title":"Journal of Political Economy"},{"key":"2025070716564372600_rdae075-B66","doi-asserted-by":"crossref","first-page":"4104","DOI":"10.1257\/aer.104.12.4104","article-title":"Trade Wars and Trade Talks with Data","volume":"104","author":"Ossa","year":"2014","journal-title":"American Economic Review"},{"key":"2025070716564372600_rdae075-B67","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1111\/0008-4085.00001","article-title":"The New Regionalism: Trade Liberalization or Insurance?","volume":"33","author":"Perroni","year":"2000","journal-title":"Canadian Journal of Economics"},{"key":"2025070716564372600_rdae075-B68","doi-asserted-by":"crossref","first-page":"1265","DOI":"10.1016\/0014-2921(89)90096-2","article-title":"Rules and Discretion in Trade Policy","volume":"33","author":"Staiger","year":"1989","journal-title":"European Economic Review"},{"key":"2025070716564372600_rdae075-B69","doi-asserted-by":"crossref","first-page":"707","DOI":"10.1111\/1467-937X.t01-1-00028","article-title":"Optimum Tariffs and Retaliation Revisited: How Country Size Matters","volume":"69","author":"Syropoulos","year":"2002","journal-title":"Review of Economic Studies"},{"key":"2025070716564372600_rdae075-B70","doi-asserted-by":"crossref","first-page":"195","DOI":"10.1016\/0167-2231(93)90009-L","article-title":"Discretion versus Policy Rules in Practice","volume":"39","author":"Taylor","year":"1993","journal-title":"Carnegie Rochester Conference Series on Public Policy"},{"key":"2025070716564372600_rdae075-B71","author":"UNCTAD","year":"2013"},{"key":"2025070716564372600_rdae075-B72","author":"World Bank","year":"2017"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdae075\/58613396\/rdae075.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/92\/4\/2228\/58613396\/rdae075.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/92\/4\/2228\/58613396\/rdae075.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,7,7]],"date-time":"2025-07-07T20:56:58Z","timestamp":1751921818000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/92\/4\/2228\/7711018"}},"issued":{"date-parts":[[2024,7,11]]},"references-count":72,"journal-issue":{"issue":"4","published-online":{"date-parts":[[2024,7,11]]},"published-print":{"date-parts":[[2025,7,7]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdae075","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2025,7]]},"published":{"date-parts":[[2024,7,11]]}},{"indexed":{"date-parts":[[2026,5,21]],"date-time":"2026-05-21T03:26:15Z","timestamp":1779333975665,"version":"3.51.4"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Rev Econ Studies"],"published-print":{"date-parts":[[1998,1]]},"DOI":"10.1111\/1467-937x.00033","type":"journal-article","created":{"date-parts":[[2003,12,2]],"date-time":"2003-12-02T08:22:09Z","timestamp":1070353329000},"page":"1-21","source":"Crossref","is-referenced-by-count":266,"title":["Standard Auctions with Financially Constrained Bidders"],"prefix":"10.1093","volume":"65","author":[{"given":"Yeon-Koo","family":"Che","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Ian","family":"Gale","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/65\/1\/1\/4510732\/65-1-1.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T18:33:25Z","timestamp":1503513205000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/1467-937X.00033"}},"issued":{"date-parts":[[1998,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1998,1]]}},"alternative-id":["10.1111\/1467-937X.00033"],"URL":"https:\/\/doi.org\/10.1111\/1467-937x.00033","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1998,1]]}},{"indexed":{"date-parts":[[2026,5,18]],"date-time":"2026-05-18T14:51:44Z","timestamp":1779115904525,"version":"3.51.4"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1953]]},"DOI":"10.2307\/2296002","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:47:57Z","timestamp":1150400877000},"page":"81","source":"Crossref","is-referenced-by-count":491,"title":["The Production Function and the Theory of Capital"],"prefix":"10.1093","volume":"21","author":[{"given":"Joan","family":"Robinson","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/21\/2\/81\/4437828\/21-2-81.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:14:49Z","timestamp":1503530089000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296002"}},"issued":{"date-parts":[[1953]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1953]]}},"URL":"https:\/\/doi.org\/10.2307\/2296002","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1953]]}},{"indexed":{"date-parts":[[2026,5,18]],"date-time":"2026-05-18T18:09:15Z","timestamp":1779127755883,"version":"3.51.4"},"reference-count":50,"publisher":"Oxford University Press (OUP)","license":[{"start":{"date-parts":[[2026,5,18]],"date-time":"2026-05-18T00:00:00Z","timestamp":1779062400000},"content-version":"am","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"abstract":"<jats:title>Abstract<\/jats:title>\n                  <jats:p>We propose a simple and general model of experimentation in which reaching untried levels of a stock variable may, after a stochastic delay, lead to a catastrophe. Hence, at any point in time a catastrophe might well be under way, due to past experiments. We show how to measure this legacy of the past from prior beliefs and the chronicle of stock levels. We characterize the optimal policy as a function of the legacy and show that it leads to a new protocol for planning that applies to a general class of problems, encompassing the study of pandemics or climate change. Several original policy predictions follow, e.g. experimentation can stop but resume later.<\/jats:p>","DOI":"10.1093\/restud\/rdag025","type":"journal-article","created":{"date-parts":[[2026,5,13]],"date-time":"2026-05-13T11:56:13Z","timestamp":1778673373000},"source":"Crossref","is-referenced-by-count":0,"title":["Catastrophes, Delays, and Learning"],"prefix":"10.1093","author":[{"given":"Matti","family":"Liski","sequence":"first","affiliation":[{"name":"Department of Economics, Aalto University, and Helsinki GSE ,","place":["Finland"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Fran\u00e7ois","family":"Salani\u00e9","sequence":"additional","affiliation":[{"name":"Toulouse School of Economics, INRAE, Universit\u00e9 Toulouse Capitole , Toulouse ,","place":["France"]}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","published-online":{"date-parts":[[2026,5,18]]},"reference":[{"key":"2026051813384137200_rdag025-B1","doi-asserted-by":"crossref","first-page":"673","DOI":"10.1086\/261702","article-title":"Fundamental Stocks of Knowledge and Productivity Growth","volume":"98","author":"Adams","year":"1990","journal-title":"Journal of Political Economy"},{"key":"2026051813384137200_rdag025-B2","author":"Assenza","year":"2020"},{"key":"2026051813384137200_rdag025-B3","doi-asserted-by":"crossref","first-page":"823","DOI":"10.1162\/qjec.121.3.823","article-title":"Rare Disasters and Asset Markets in the Twentieth Century*","volume":"121","author":"Barro","year":"2006","journal-title":"The Quarterly Journal of Economics"},{"key":"2026051813384137200_rdag025-B4","doi-asserted-by":"crossref","first-page":"421","DOI":"10.1016\/0022-0531(79)90050-4","article-title":"The Hopf Bifurcation and the Existence and Stability of Closed Orbits in Multisector Models of Optimal Economic Growth","volume":"21","author":"Benhabib","year":"1979","journal-title":"Journal of Economic Theory"},{"key":"2026051813384137200_rdag025-B5","doi-asserted-by":"crossref","first-page":"5270","DOI":"10.1073\/pnas.1802864115","article-title":"Environmental Catastrophes and Mitigation Policies in a Multiregion World","volume":"116","author":"Besley","year":"2019","journal-title":"Proceedings of the National Academy of Sciences"},{"key":"2026051813384137200_rdag025-B6","doi-asserted-by":"crossref","first-page":"85","DOI":"10.1257\/jel.20201642","article-title":"Modern Infectious Diseases: Macroeconomic Impacts and Policy Responses","volume":"60","author":"Bloom","year":"2022","journal-title":"Journal of Economic Literature"},{"key":"2026051813384137200_rdag025-B7","doi-asserted-by":"crossref","first-page":"349","DOI":"10.1111\/1468-0262.00022","article-title":"Strategic Experimentation","volume":"67","author":"Bolton","year":"1999","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026051813384137200_rdag025-B8","doi-asserted-by":"crossref","first-page":"632","DOI":"10.1257\/aer.101.2.632","article-title":"Collaborating","volume":"101","author":"Bonatti","year":"2011","journal-title":"American Economic Review"},{"key":"2026051813384137200_rdag025-B9","doi-asserted-by":"crossref","first-page":"234","DOI":"10.1016\/j.jet.2017.02.007","article-title":"Learning to Disagree in a Game of Experimentation","volume":"169","author":"Bonatti","year":"2017","journal-title":"Journal of Economic Theory"},{"key":"2026051813384137200_rdag025-B10","doi-asserted-by":"crossref","first-page":"23","DOI":"10.1016\/j.jeem.2017.07.003","article-title":"Best Policy Response to Environmental Shocks: Applying a Stochastic Framework","volume":"97","author":"Bretschger","year":"2019","journal-title":"Journal of Environmental Economics and Management"},{"key":"2026051813384137200_rdag025-B11","doi-asserted-by":"crossref","first-page":"2684","DOI":"10.1086\/701890","article-title":"The Social Cost of Carbon with Economic and Climate Risks","volume":"127","author":"Cai","year":"2019","journal-title":"Journal of Political Economy"},{"key":"2026051813384137200_rdag025-B12","doi-asserted-by":"crossref","first-page":"104997","DOI":"10.1016\/j.jet.2020.104997","article-title":"A Revision Game of Experimentation on a Common Threshold","volume":"186","author":"Chen","year":"2020","journal-title":"Journal of Economic Theory"},{"key":"2026051813384137200_rdag025-B13","doi-asserted-by":"crossref","first-page":"991","DOI":"10.1016\/0165-1889(94)90042-6","article-title":"Consumption\/Pollution Tradeoffs in an Environment Vulnerable to Pollution-Related Catastrophic Collapse","volume":"18","author":"Clarke","year":"1994","journal-title":"Journal of Economic Dynamics & Control"},{"key":"2026051813384137200_rdag025-B14","doi-asserted-by":"crossref","first-page":"1259","DOI":"10.1111\/sjoe.12381","article-title":"Inertia Risk: Improving Economic Models of Catastrophes","volume":"122","author":"Cr\u00e9pin","year":"2019","journal-title":"The Scandinavian Journal of Economics"},{"key":"2026051813384137200_rdag025-B15","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/0095-0696(76)90009-7","article-title":"Regulating Activities with Catastrophic Environmental Effects","volume":"3","author":"Cropper","year":"1976","journal-title":"Journal of Environmental Economics and Management"},{"key":"2026051813384137200_rdag025-B16","doi-asserted-by":"crossref","first-page":"30","DOI":"10.1016\/j.jpubeco.2017.01.004","article-title":"Threatening Thresholds? The Effect of Disastrous Regime Shifts on the Non-Cooperative use of Environmental Goods and Services","volume":"47","author":"Diekert","year":"2017","journal-title":"Journal of Public Economics"},{"key":"2026051813384137200_rdag025-B17","doi-asserted-by":"crossref","first-page":"611","DOI":"10.1086\/691687","article-title":"Probabilistic Stabilization Targets","volume":"4","author":"Fitzpatrick","year":"2017","journal-title":"Journal of the Association of Environmental and Resource Economists"},{"key":"2026051813384137200_rdag025-B18","doi-asserted-by":"crossref","first-page":"737","DOI":"10.1093\/eurpub\/ckae091","article-title":"Excess Mortality in Denmark, Finland, Norway and Sweden during the COVID-19 Pandemic 2020\u20132022: A Comparative Study of Weekly Mortality","volume":"34","author":"Forthun","year":"2024","journal-title":"European Journal of Public Health"},{"key":"2026051813384137200_rdag025-B19","doi-asserted-by":"crossref","first-page":"728","DOI":"10.1111\/ecoj.12436","article-title":"Carbon Prices for The Next Hundred Years","volume":"128","author":"Gerlagh","year":"2018","journal-title":"The Economic Journal"},{"key":"2026051813384137200_rdag025-B20","doi-asserted-by":"crossref","first-page":"41","DOI":"10.3982\/ECTA10217","article-title":"Optimal Taxes on Fossil Fuel in General Equilibrium","volume":"82","author":"Golosov","year":"2014","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026051813384137200_rdag025-B21","doi-asserted-by":"crossref","first-page":"68","DOI":"10.1257\/aer.98.2.68","article-title":"Disasters and Recoveries","volume":"98","author":"Gourio","year":"2008","journal-title":"The American Economic Review"},{"key":"2026051813384137200_rdag025-B22","author":"Guillou\u00ebt","year":"2024"},{"key":"2026051813384137200_rdag025-B23","doi-asserted-by":"crossref","first-page":"1523","DOI":"10.1086\/693040","article-title":"Contests for Experimentation","volume":"125","author":"Halac","year":"2017","journal-title":"Journal of Political Economy"},{"key":"2026051813384137200_rdag025-B24","doi-asserted-by":"crossref","first-page":"15","DOI":"10.1186\/s13690-025-01531-5","article-title":"Epidemiological Outcomes and Policy Implementation in the Nordic Countries During the COVID-19 Pandemic: A Comparative Review","volume":"83","author":"Hallberg","year":"2025","journal-title":"Archives of Public Health"},{"key":"2026051813384137200_rdag025-B25","doi-asserted-by":"crossref","first-page":"05017","DOI":"10.7189\/jogh.12.05017","article-title":"Coronavirus Pandemic in the Nordic Countries, Sweden, Denmark, Norway and Finland: A Comparative Review","volume":"12","author":"Irfan","year":"2022","journal-title":"Journal of Global Health"},{"key":"2026051813384137200_rdag025-B26","doi-asserted-by":"crossref","first-page":"39","DOI":"10.1111\/j.1468-0262.2005.00564.x","article-title":"Strategic Experimentation with Exponential Bandits","volume":"73","author":"Keller","year":"2005","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2026051813384137200_rdag025-B27","volume-title":"Three Topics in the Theory of International Trade","author":"Kemp","year":"1976","edition":"2nd edn"},{"key":"2026051813384137200_rdag025-B28","doi-asserted-by":"crossref","first-page":"5041","DOI":"10.1073\/pnas.0809117106","article-title":"Imprecise Probability Assessment of Tipping Points in the Climate System","volume":"106","author":"Kriegler","year":"2009","journal-title":"Proceedings of the National Academy of Sciences"},{"key":"2026051813384137200_rdag025-B29","doi-asserted-by":"crossref","first-page":"93","DOI":"10.3982\/TE5452","article-title":"Gradual Learning from Incremental Actions","volume":"20","author":"Laiho","year":"2025","journal-title":"Theoretical Economics"},{"key":"2026051813384137200_rdag025-B30","first-page":"575","article-title":"Health Policies and Economies in Nordic Countries During the COVID-19 Pandemic","volume":"328","author":"Larkin","year":"2022","journal-title":"JAMA"},{"key":"2026051813384137200_rdag025-B31","first-page":"137","article-title":"Watch Your Step: Optimal Policy in a Tipping Climate","volume":"6","author":"Lemoine","year":"2014","journal-title":"American Economic Journal: Economic Policy"},{"key":"2026051813384137200_rdag025-B32","doi-asserted-by":"crossref","first-page":"1786","DOI":"10.1073\/pnas.0705414105","article-title":"Tipping Elements in the Earth\u2019s Climate System","volume":"105","author":"Lenton","year":"2008","journal-title":"Proceedings of the National Academy of Sciences"},{"key":"2026051813384137200_rdag025-B33","doi-asserted-by":"crossref","first-page":"751","DOI":"10.2307\/2555785","article-title":"Dynamic R&D Competition with Learning","volume":"28","author":"Malueg","year":"1997","journal-title":"The Rand Journal of Economics"},{"key":"2026051813384137200_rdag025-B34","volume-title":"The Physical Science Basis","author":"Masson-Delmotte","year":"2021"},{"key":"2026051813384137200_rdag025-B35","author":"Nordhaus","year":"1975"},{"key":"2026051813384137200_rdag025-B36","doi-asserted-by":"crossref","first-page":"860","DOI":"10.1257\/jel.51.3.860","article-title":"Climate Change Policy: What Do the Models Tell Us?","volume":"51","author":"Pindyck","year":"2013","journal-title":"Journal of Economic Literature"},{"key":"2026051813384137200_rdag025-B37","doi-asserted-by":"crossref","first-page":"229","DOI":"10.1016\/j.jeem.2010.09.004","article-title":"Optimal Management with Potential Regime Shifts","volume":"62","author":"Polasky","year":"2011","journal-title":"Journal of Environmental Economics and Management"},{"key":"2026051813384137200_rdag025-B38","doi-asserted-by":"crossref","first-page":"609","DOI":"10.1007\/s10640-016-0033-3","article-title":"Attitudes Toward Catastrophe","volume":"67","author":"Rheinberger","year":"2017","journal-title":"Environmental & Resource Economics"},{"key":"2026051813384137200_rdag025-B39","doi-asserted-by":"crossref","first-page":"655","DOI":"10.2307\/2297826","article-title":"Learning and Capacity Expansion Under Demand Uncertainty","volume":"58","author":"Rob","year":"1991","journal-title":"The Review of Economic Studies"},{"key":"2026051813384137200_rdag025-B40","doi-asserted-by":"crossref","first-page":"629","DOI":"10.1126\/science.1144735","article-title":"Why is Climate Sensitivity So Unpredictable?","volume":"318","author":"Roe","year":"2007","journal-title":"Science"},{"key":"2026051813384137200_rdag025-B41","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/j.jeem.2014.01.003","article-title":"Dynamic Resource Management Under the Risk of Regime Shifts","volume":"68","author":"Sakamoto","year":"2014","journal-title":"Journal of Environmental Economics and Management"},{"key":"2026051813384137200_rdag025-B42","doi-asserted-by":"crossref","first-page":"65","DOI":"10.1038\/371065a0","article-title":"Habitat Destruction and the Extinction Debt","volume":"371","author":"Tilman","year":"1994","journal-title":"Nature"},{"key":"2026051813384137200_rdag025-B43","first-page":"372","article-title":"ACE\u2013Analytic Climate Economy","volume":"15","author":"Traeger","year":"2023","journal-title":"American Economic Journal: Economic Policy"},{"key":"2026051813384137200_rdag025-B44","doi-asserted-by":"crossref","first-page":"389","DOI":"10.1111\/j.1939-7445.1994.tb00191.x","article-title":"Endangered Species and Natural Resource Exploitation: Extinction vs. Coexistence","volume":"8","author":"Tsur","year":"1994","journal-title":"Natural Resource Modeling"},{"key":"2026051813384137200_rdag025-B45","doi-asserted-by":"crossref","first-page":"149","DOI":"10.1006\/jeem.1995.1037","article-title":"Uncertainty and Irreversibility in Groundwater Resource Management","volume":"29","author":"Tsur","year":"1995","journal-title":"Journal of Environmental Economics and Management"},{"key":"2026051813384137200_rdag025-B46","doi-asserted-by":"crossref","first-page":"1289","DOI":"10.1016\/0165-1889(95)00900-0","article-title":"Accounting for Global Warming Risks: Resource Management Under Event Uncertainty","volume":"20","author":"Tsur","year":"1996","journal-title":"Journal of Economic Dynamics & Control"},{"key":"2026051813384137200_rdag025-B47","doi-asserted-by":"crossref","first-page":"165","DOI":"10.1016\/j.jedc.2013.11.009","article-title":"Steady-State Properties in a Class of Dynamic Models","volume":"39","author":"Tsur","year":"2014","journal-title":"Journal of Economic Dynamics & Control"},{"key":"2026051813384137200_rdag025-B48","doi-asserted-by":"crossref","first-page":"47","DOI":"10.1007\/s10584-017-2132-8","article-title":"The Safe Carbon Budget","volume":"47","author":"van der Ploeg","year":"2018","journal-title":"Climatic Change"},{"key":"2026051813384137200_rdag025-B49","doi-asserted-by":"crossref","first-page":"1577","DOI":"10.1093\/jeea\/jvx036","article-title":"Climate Tipping and Economic Growth: Precautionary Capital and the Price of Carbon","volume":"16","author":"van der Ploeg","year":"2017","journal-title":"Journal of the European Economic Association"},{"key":"2026051813384137200_rdag025-B50","doi-asserted-by":"crossref","first-page":"69","DOI":"10.1177\/1403494820980264","article-title":"A Comparison of COVID-19 Epidemiological Indicators in Sweden, Norway, Denmark, and Finland","volume":"49","author":"Yarmol-Matusiak","year":"2021","journal-title":"Scandinavian Journal of Public Health"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdag025\/68328602\/rdag025.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdag025\/68328602\/rdag025.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2026,5,18]],"date-time":"2026-05-18T17:38:55Z","timestamp":1779125935000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/advance-article\/doi\/10.1093\/restud\/rdag025\/8686395"}},"issued":{"date-parts":[[2026,5,18]]},"references-count":50,"URL":"https:\/\/doi.org\/10.1093\/restud\/rdag025","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2026,5,18]]},"article-number":"rdag025"},{"indexed":{"date-parts":[[2026,5,27]],"date-time":"2026-05-27T12:37:56Z","timestamp":1779885476959,"version":"3.53.1"},"reference-count":58,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2007,4]]},"DOI":"10.1111\/j.1467-937x.2007.00433.x","type":"journal-article","created":{"date-parts":[[2007,3,23]],"date-time":"2007-03-23T10:41:51Z","timestamp":1174646511000},"page":"625-652","source":"Crossref","is-referenced-by-count":426,"title":["Vertical Relationships between Manufacturers and Retailers: Inference with Limited Data"],"prefix":"10.1093","volume":"74","author":[{"given":"Sofia","family":"Berto Villas-Boas","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","published-online":{"date-parts":[[2007,4]]},"reference":[{"key":"key\n\t\t\t\t20170710084644_R1","volume-title":"Measuring Cost Advantages from Exclusive Dealing: An Empirical Study of Beer Distribution","author":"Asker","year":"2004"},{"issue":"1","key":"key\n\t\t\t\t20170710084644_R2","doi-asserted-by":"crossref","first-page":"66","DOI":"10.1287\/mksc.17.1.66","article-title":"Shopping Behavior and Consumer Preference for Retail Price Format: Why Large Basket Shoppers Prefer EDLP","volume":"17","author":"Bell","year":"1998","journal-title":"Marketing Science"},{"issue":"2","key":"key\n\t\t\t\t20170710084644_R3","doi-asserted-by":"crossref","first-page":"242","DOI":"10.2307\/2555829","article-title":"Estimating Discrete-Choice Models of Product Differentiation","volume":"25","author":"Berry","year":"1994","journal-title":"RAND Journal of Economics"},{"issue":"4","key":"key\n\t\t\t\t20170710084644_R4","doi-asserted-by":"crossref","first-page":"841","DOI":"10.2307\/2171802","article-title":"Automobile Prices in Market Equilibrium","volume":"63","author":"Berry","year":"1995","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20170710084644_R5","volume-title":"Two Part Tariffs versus Linear Pricing Between Manufacturers and Retailers: Empirical Tests on Differentiated Products Markets","author":"Bonnet","year":"2004"},{"key":"key\n\t\t\t\t20170710084644_R6","volume-title":"Liberalizing a Distribution System: The European Car Market","author":"Brenkers","year":"2002"},{"key":"key\n\t\t\t\t20170710084644_R7","doi-asserted-by":"crossref","first-page":"457","DOI":"10.2307\/2098583","article-title":"Competition and Collusion in the American Automobile Oligopoly: The 1955 Price War","volume":"35","author":"Bresnahan","year":"1987","journal-title":"Journal of Industrial Economics"},{"key":"key\n\t\t\t\t20170710084644_R8","first-page":"1011","article-title":"Empirical Studies of Industries with Market Power","volume-title":"Handbook of Industrial Organization","author":"Bresnahan","year":"1989"},{"issue":"2","key":"key\n\t\t\t\t20170710084644_R9","doi-asserted-by":"crossref","first-page":"253","DOI":"10.2307\/2555413","article-title":"Dealer and Manufacturer Margins","volume":"26","author":"Bresnahan","year":"1985","journal-title":"RAND Journal of Economics"},{"key":"key\n\t\t\t\t20170710084644_R10","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.442580","volume-title":"Pricing Behavior in Markets with State Dependence in Demand","author":"Che","year":"2003"},{"issue":"1","key":"key\n\t\t\t\t20170710084644_R11","doi-asserted-by":"crossref","first-page":"15","DOI":"10.1257\/000282803321455142","article-title":"Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data","volume":"93","author":"Chevalier","year":"2003","journal-title":"American Economic Review"},{"issue":"10","key":"key\n\t\t\t\t20170710084644_R12","doi-asserted-by":"crossref","first-page":"1242","DOI":"10.1287\/mnsc.48.10.1242.274","article-title":"Investigating the Effects of Store-Brand Introduction on Retailer Demand and Pricing Behavior","volume":"48","author":"Chintagunta","year":"2002","journal-title":"Management Science"},{"issue":"4","key":"key\n\t\t\t\t20170710084644_R13","doi-asserted-by":"crossref","first-page":"327","DOI":"10.1287\/mksc.11.4.327","article-title":"Demand Signaling and Screening in Channels of Distribution","volume":"11","author":"Chu","year":"1992","journal-title":"Marketing Science"},{"key":"key\n\t\t\t\t20170710084644_R14","doi-asserted-by":"crossref","first-page":"227","DOI":"10.1016\/S0304-4076(98)00028-1","article-title":"Conduct Parameters and the Measurement of Market Power","volume":"88","author":"Corts","year":"1999","journal-title":"Journal of Econometrics"},{"issue":"4","key":"key\n\t\t\t\t20170710084644_R15","doi-asserted-by":"crossref","first-page":"509","DOI":"10.1162\/105864001753356088","article-title":"The Strategic Effects of Vertical Market Structure: Common Agency and Divisionalization in the U.S. Motion Picture Industry","volume":"10","author":"Corts","year":"2001","journal-title":"Journal of Economics and Management Strategy"},{"issue":"2","key":"key\n\t\t\t\t20170710084644_R16","doi-asserted-by":"crossref","first-page":"226","DOI":"10.1287\/mnsc.35.2.226","article-title":"On Credible Delegation by Oligopolists: A Discussion of Distribution Channel Management","volume":"35","author":"Coughlan","year":"1989","journal-title":"Management Science"},{"issue":"2","key":"key\n\t\t\t\t20170710084644_R17","doi-asserted-by":"crossref","first-page":"164","DOI":"10.1287\/mksc.1050.0126","article-title":"Consumer Preferences and Product-Line Pricing Strategies: An Empirical Analysis","volume":"25","author":"Draganska","year":"2006","journal-title":"Marketing Science"},{"key":"key\n\t\t\t\t20170710084644_R18","volume-title":"The Competitive Effects of Product Line Composition","author":"Draganska","year":"2003"},{"issue":"1","key":"key\n\t\t\t\t20170710084644_R19","doi-asserted-by":"crossref","first-page":"66","DOI":"10.1287\/mksc.1030.0041","article-title":"Multiple Discreteness and Product Differentiation: Demand for Carbonated Softdrinks","volume":"23","author":"Dub\u00e9","year":"2004","journal-title":"Marketing Science"},{"issue":"2","key":"key\n\t\t\t\t20170710084644_R20","doi-asserted-by":"crossref","first-page":"345","DOI":"10.2307\/1911493","article-title":"An Econometric Analysis of Residential Electric Appliance Holdings and Consumption","volume":"52","author":"Dubin","year":"1984","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20170710084644_R21","doi-asserted-by":"crossref","first-page":"25","DOI":"10.1016\/0022-1996(89)90076-7","article-title":"Pass-through of Tariffs and Exchange Rates","volume":"27","author":"Feenstra","year":"1989","journal-title":"Journal of International Economics"},{"key":"key\n\t\t\t\t20170710084644_R22","volume-title":"Frozen Food Digest","year":"1995"},{"key":"key\n\t\t\t\t20170710084644_R23","doi-asserted-by":"crossref","first-page":"277","DOI":"10.1111\/j.1430-9134.1992.00277.x","article-title":"Econometric Analysis of Collusive Behavior in a Soft-Drink Market","volume":"1","author":"Gasmi","year":"1992","journal-title":"Journal of Economics and Management Strategy"},{"issue":"4","key":"key\n\t\t\t\t20170710084644_R24","doi-asserted-by":"crossref","first-page":"811","DOI":"10.1111\/1467-937X.00191","article-title":"The Evolution of Price Dispersion in European Car Markets","volume":"68","author":"Goldberg","year":"2001","journal-title":"The Review of Economic Studies"},{"issue":"3","key":"key\n\t\t\t\t20170710084644_R25","doi-asserted-by":"crossref","first-page":"541","DOI":"10.2307\/1913464","article-title":"Discrete\/Continuous Models of Consumer Demand","volume":"52","author":"Hanemann","year":"1984","journal-title":"Econometrica"},{"issue":"1","key":"key\n\t\t\t\t20170710084644_R26","doi-asserted-by":"crossref","first-page":"317","DOI":"10.1257\/000282804322970823","article-title":"Vertical Relationships and Competition in Retail Gasoline Markets: Empirical Evidence from Contract Changes in Southern California","volume":"94","author":"Hastings","year":"2004","journal-title":"American Economic Review"},{"issue":"1","key":"key\n\t\t\t\t20170710084644_R27","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/0047-2727(93)01415-7","article-title":"A Utility Consistent, Combined Discrete Choice and Count Data Model","volume":"56","author":"Hausman","year":"1995","journal-title":"Journal of Public Economics"},{"key":"key\n\t\t\t\t20170710084644_R28","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.596605","article-title":"Who Bears the Cost of a Change in the Exchange Rate? The Case of Imported Beer","volume-title":"Staff Report No. 179","author":"Hellerstein","year":"2004"},{"key":"key\n\t\t\t\t20170710084644_R29","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.890663","article-title":"Arm's-Length Transactions as a Source of Incomplete Cross-Border Transmission: The Case of Autos","volume-title":"CUDARE Working Paper No. 1016","author":"Hellerstein","year":"2006"},{"key":"key\n\t\t\t\t20170710084644_R30","doi-asserted-by":"crossref","first-page":"423","DOI":"10.1111\/1467-937X.00093","article-title":"Estimating Multiple-Discrete Choice Models: An Application to Computerization Returns","volume":"66","author":"Hendel","year":"1999","journal-title":"The Review of Economic Studies"},{"key":"key\n\t\t\t\t20170710084644_R31","article-title":"Estimating the Link Function in Multinomial Response Models Under Endogeneity","volume-title":"Festschrift in Honor of Stanley Johnson","author":"Judge","year":"2004"},{"issue":"2","key":"key\n\t\t\t\t20170710084644_R32","doi-asserted-by":"crossref","first-page":"127","DOI":"10.1287\/mksc.19.2.127.11805","article-title":"Manufacturer-Retailer Channel Interactions and Implications for Channel Power: An Empirical Investigation of Pricing in a Local Market","volume":"19","author":"Kadiyali","year":"2000","journal-title":"Marketing Science"},{"key":"key\n\t\t\t\t20170710084644_R33","first-page":"339","article-title":"Product Line Extensions and Competitive Market Interactions: An Empirical Analysis","volume":"88","author":"Kadiyali","year":"1999","journal-title":"Journal of Econometrics"},{"key":"key\n\t\t\t\t20170710084644_R34","doi-asserted-by":"crossref","first-page":"655","DOI":"10.1016\/S1573-448X(89)01014-9","article-title":"Vertical Contractual Relations","volume-title":"Handbook of Industrial Organization","author":"Katz","year":"1989"},{"key":"key\n\t\t\t\t20170710084644_R35","article-title":"The Impact of Upstream Mergers on Retail Gasoline Markets","volume-title":"GSIA Working Paper 2003-39","author":"Manuszak","year":"2003"},{"issue":"1","key":"key\n\t\t\t\t20170710084644_R36","doi-asserted-by":"crossref","first-page":"27","DOI":"10.2307\/3003667","article-title":"An Economic Theory of Vertical Restraints","volume":"15","author":"Mathewson","year":"1984","journal-title":"Rand Journal of Economics"},{"key":"key\n\t\t\t\t20170710084644_R37","doi-asserted-by":"crossref","first-page":"1396","DOI":"10.1016\/S1573-4412(84)02016-X","article-title":"Econometric Analysis of Qualitative Response Models","volume-title":"Handbook of Econometrics","author":"McFadden","year":"1984"},{"issue":"5","key":"key\n\t\t\t\t20170710084644_R38","doi-asserted-by":"crossref","first-page":"447","DOI":"10.1002\/1099-1255(200009\/10)15:5<447::AID-JAE570>3.0.CO;2-1","article-title":"Mixed MNL Models of Discrete Response","volume":"15","author":"McFadden","year":"2000","journal-title":"Journal of Applied Econometrics"},{"issue":"2","key":"key\n\t\t\t\t20170710084644_R39","doi-asserted-by":"crossref","first-page":"161","DOI":"10.1287\/mksc.2.2.161","article-title":"An Industry Analysis of Downstream Vertical Integration","volume":"2","author":"McGuire","year":"1983","journal-title":"Marketing Science"},{"key":"key\n\t\t\t\t20170710084644_R40","volume-title":"The Effects of Revenue-Sharing Contracts on Welfare in Vertically Separated Markets: Evidence from the Video Rental Industry","author":"Mortimer","year":"2002"},{"issue":"4","key":"key\n\t\t\t\t20170710084644_R41","doi-asserted-by":"crossref","first-page":"573","DOI":"10.1086\/209757","article-title":"Private Labels and the Channel Relationship: A Cross-Category Analysis","volume":"71","author":"Narasimhan","year":"1998","journal-title":"Journal of Business"},{"issue":"4","key":"key\n\t\t\t\t20170710084644_R42","doi-asserted-by":"crossref","first-page":"513","DOI":"10.1162\/105864000567954","article-title":"A Practitioner's Guide to Estimation of Random Coefficients Logit Models of Demand","volume":"9","author":"Nevo","year":"2000","journal-title":"Journal of Economics and Management Strategy"},{"issue":"2","key":"key\n\t\t\t\t20170710084644_R43","doi-asserted-by":"crossref","first-page":"307","DOI":"10.1111\/1468-0262.00194","article-title":"Measuring Market Power in the Ready-to-Eat Cereal Industry","volume":"69","author":"Nevo","year":"2001","journal-title":"Econometrica"},{"issue":"3","key":"key\n\t\t\t\t20170710084644_R44","doi-asserted-by":"crossref","first-page":"703","DOI":"10.2307\/1913610","article-title":"A Simple, Positive Semi-Definite, Heteroscedasticity and Autocorrelation Consistent Covariance Matrix","volume":"55","author":"Newey","year":"1987","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t20170710084644_R45","author":"Nocke","year":"2003","journal-title":"Do Vertical Mergers Facilitate Upstream Collusion?"},{"key":"key\n\t\t\t\t20170710084644_R46","first-page":"921","article-title":"The Logic of Vertical Restraints","volume":"76","author":"Rey","year":"1986","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20170710084644_R47","article-title":"Resale Price Maintenance and Horizontal Cartel","volume-title":"CMPO Series No. 02\/047","author":"Rey","year":"2004"},{"issue":"2","key":"key\n\t\t\t\t20170710084644_R48","first-page":"445","article-title":"Monopolistic Two-Part Pricing Arrangements","volume":"12","author":"Schmalensee","year":"1981","journal-title":"RAND Journal of Economics"},{"issue":"1","key":"key\n\t\t\t\t20170710084644_R49","doi-asserted-by":"crossref","first-page":"120","DOI":"10.2307\/2601011","article-title":"Slotting Allowances and Resale Price Maintenance: A Comparison of Facilitating Practices","volume":"22","author":"Shaffer","year":"1991","journal-title":"Rand Journal of Economics"},{"key":"key\n\t\t\t\t20170710084644_R50","doi-asserted-by":"crossref","first-page":"755","DOI":"10.1162\/105864097567255","article-title":"Nonlinear Supply Contracts, Exclusive Dealing, and Equilibrium Market Foreclosure","volume":"6","author":"Shaffer","year":"1997","journal-title":"Journal of Economics and Management Strategy"},{"key":"key\n\t\t\t\t20170710084644_R51","doi-asserted-by":"crossref","first-page":"1006","DOI":"10.1086\/317677","article-title":"Estimating a Bargaining Model with Asymmetric Information: Evidence from Medical Malpractice Disputes","volume":"108","author":"Sieg","year":"2000","journal-title":"Journal of Political Economy"},{"issue":"4","key":"key\n\t\t\t\t20170710084644_R52","doi-asserted-by":"crossref","first-page":"973","DOI":"10.2307\/2951576","article-title":"Non-Nested Tests for Competing Models Estimated by Generalized Method of Moments","volume":"60","author":"Smith","year":"1992","journal-title":"Econometrica"},{"issue":"3","key":"key\n\t\t\t\t20170710084644_R53","doi-asserted-by":"crossref","first-page":"244","DOI":"10.1287\/mksc.20.3.244.9764","article-title":"Structural Analysis of Manufacturer Pricing in the Presence of a Strategic Retailer","volume":"20","author":"Sudhir","year":"2001","journal-title":"Marketing Science"},{"key":"key\n\t\t\t\t20170710084644_R54","volume-title":"The Theory of Industrial Organization","author":"Tirole","year":"1988"},{"key":"key\n\t\t\t\t20170710084644_R55","doi-asserted-by":"crossref","DOI":"10.1017\/CBO9780511753930","volume-title":"Discrete Choice Methods with Simulation","author":"Train","year":"2003"},{"key":"key\n\t\t\t\t20170710084644_R56","doi-asserted-by":"crossref","first-page":"83","DOI":"10.1509\/jmkr.42.1.83.56959","article-title":"Retailer, Manufacturers and Individual Consumers: Modeling the Supply Side in the Ketchup Market Place","volume":"42","author":"Villas-Boas","year":"2005","journal-title":"Journal of Marketing Research"},{"issue":"1","key":"key\n\t\t\t\t20170710084644_R57","doi-asserted-by":"crossref","first-page":"132","DOI":"10.1016\/j.econlet.2005.07.017","article-title":"Identification of Supply Models of Retailer and Manufacturer Oligopoly Pricing","volume":"90","author":"Villas-Boas","year":"2006","journal-title":"Economics Letters"},{"key":"key\n\t\t\t\t20170710084644_R58","volume-title":"Oligopoly Pricing: Old Ideas and New Tools","author":"Vives","year":"1999"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/74\/2\/625\/18347525\/74-2-625.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,4,26]],"date-time":"2019-04-26T16:29:41Z","timestamp":1556296181000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/j.1467-937X.2007.00433.x"}},"issued":{"date-parts":[[2007,4]]},"references-count":58,"journal-issue":{"issue":"2","published-online":{"date-parts":[[2007,4]]},"published-print":{"date-parts":[[2007,4]]}},"URL":"https:\/\/doi.org\/10.1111\/j.1467-937x.2007.00433.x","ISSN":["1467-937X","0034-6527"],"issn-type":[{"value":"1467-937X","type":"electronic"},{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[2007,4]]}},{"indexed":{"date-parts":[[2026,5,29]],"date-time":"2026-05-29T13:11:24Z","timestamp":1780060284229,"version":"3.54.0"},"reference-count":50,"publisher":"Oxford University Press (OUP)","issue":"4","license":[{"start":{"date-parts":[[2017,11,21]],"date-time":"2017-11-21T00:00:00Z","timestamp":1511222400000},"content-version":"vor","delay-in-days":1,"URL":"https:\/\/academic.oup.com\/journals\/pages\/open_access\/funder_policies\/chorus\/standard_publication_model"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2018,10,1]]},"DOI":"10.1093\/restud\/rdx068","type":"journal-article","created":{"date-parts":[[2017,11,20]],"date-time":"2017-11-20T20:13:37Z","timestamp":1511208817000},"page":"2097-2138","source":"Crossref","is-referenced-by-count":32,"title":["Structural Estimation of a Becker-Ehrlich Equilibrium Model of Crime: Allocating Police Across Cities to Reduce Crime"],"prefix":"10.1093","volume":"85","author":[{"given":"Chao","family":"Fu","sequence":"first","affiliation":[{"name":"University of Wisconsin"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Kenneth I","family":"Wolpin","sequence":"additional","affiliation":[{"name":"Rice University and University of Pennsylvania"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","published-online":{"date-parts":[[2017,11,20]]},"reference":[{"key":"key\n\t\t\t\t20180927110245_B1","doi-asserted-by":"crossref","first-page":"1130","DOI":"10.1086\/676932","article-title":"\u201cCrime and the Depenalization of Cannabis Possession: Evidence from a Policing Experiment\u201d,","volume":"122","author":"ADDA","year":"2014","journal-title":"Journal of Political Economy,"},{"key":"key\n\t\t\t\t20180927110245_B2","doi-asserted-by":"crossref","first-page":"293","DOI":"10.1086\/690952","article-title":"\u201cThe Career Costs of Children\u201d,","volume":"125","author":"ADDA","year":"2017","journal-title":"Journal of Political Economy,"},{"key":"key\n\t\t\t\t20180927110245_B3","doi-asserted-by":"crossref","first-page":"738","DOI":"10.1111\/j.1756-2171.2006.tb00040.x","article-title":"\u201cQuantifying Equilibrium Network Externalities in the ACH Banking Industry\u201d,","volume":"27","author":"ACKERBERG","year":"2006","journal-title":"The RAND Journal of Economics,"},{"key":"key\n\t\t\t\t20180927110245_B4","doi-asserted-by":"crossref","first-page":"318","DOI":"10.1162\/REST_a_00360","article-title":"\u201cIn School and Out of Trouble? The Minimum Dropout Age and Juvenile Crime\u201d,","volume":"96","author":"ANDERSON","year":"2014","journal-title":"Review of Economics and Statistics,"},{"key":"key\n\t\t\t\t20180927110245_B5","doi-asserted-by":"crossref","first-page":"467","DOI":"10.2307\/2951620","article-title":"\u201cIdentification and Estimation of Local Average Treatment Effects\u201d,","volume":"62","author":"ANGRIST","year":"1994","journal-title":"Econometrica,"},{"key":"key\n\t\t\t\t20180927110245_B6","doi-asserted-by":"crossref","first-page":"1529","DOI":"10.3982\/ECTA5434","article-title":"\u201cIdentification and Estimation of a Discrete Game of Complete Information\u201d,","volume":"78","author":"BAJARI","year":"2010","journal-title":"Econometrica,"},{"key":"key\n\t\t\t\t20180927110245_B7","doi-asserted-by":"crossref","first-page":"169","DOI":"10.1086\/259394","article-title":"\u201cCrime and Punishment: An Economic Approach\u201d,","volume":"76","author":"BECKER","year":"1968","journal-title":"The Journal of Political Economy,"},{"key":"key\n\t\t\t\t20180927110245_B8","article-title":"\u201cSimultaneous Equations Models for Dummy Endogenous Variables: A Game Theoretic Formulation with Application to Labor Force Participation\u201d","author":"BJORN","year":"1984"},{"key":"key\n\t\t\t\t20180927110245_B9","doi-asserted-by":"crossref","first-page":"1764","DOI":"10.1257\/000282803322655536","article-title":"\u201cCrime, Inequality, and Unemployment\u201d,","volume":"93","author":"BURDETT","year":"2003","journal-title":"American Economic Review,"},{"key":"key\n\t\t\t\t20180927110245_B10","doi-asserted-by":"crossref","first-page":"681","DOI":"10.1111\/j.0020-6598.2004.00283.x","article-title":"\u201cAn On-the-Job Search Model of Unemployment, Inequality, and Crime\u201d,","volume":"45","author":"BURDETT","year":"2004","journal-title":"International Economic Review,"},{"key":"key\n\t\t\t\t20180927110245_B11","doi-asserted-by":"crossref","first-page":"1130","DOI":"10.1162\/REST_a_00340","article-title":"\u201cPeer Effects and Multiple Equilibria in the Risky Behavior of Friends\u201d,","volume":"95","author":"CARD","year":"2013","journal-title":"Review of Economic and Statistics,"},{"key":"key\n\t\t\t\t20180927110245_B12","doi-asserted-by":"crossref","DOI":"10.3386\/w18477","article-title":"\u201cDo Schooling Laws Matter? Evidence from the Introduction of Compulsory Attendance Laws in the United States\u201d","author":"CLAY","year":"2012"},{"key":"key\n\t\t\t\t20180927110245_B13","article-title":"\u201cAre U.S. Cities Underpoliced? Theory and Evidence\u201d","author":"CHALFIN","year":"2013"},{"key":"key\n\t\t\t\t20180927110245_B14","doi-asserted-by":"crossref","first-page":"5","DOI":"10.1257\/jel.20141147","article-title":"\u201cCriminal Deterrence: A Review of the Literature\u201d","volume":"55","author":"CHALFIN","year":"2017","journal-title":"Journal of Economic Literature,"},{"key":"key\n\t\t\t\t20180927110245_B15","doi-asserted-by":"crossref","first-page":"107","DOI":"10.1016\/j.jue.2006.02.006","article-title":"\u201cCrime and Ethics\u201d,","volume":"60","author":"CONLEY","year":"2006","journal-title":"Journal of Urban Economics,"},{"key":"key\n\t\t\t\t20180927110245_B16","first-page":"33","article-title":"\u201cBirthdays, Schooling, and Crime: Regression-Discontinuity Analysis of School Performance, Delinquency, Dropout, and Crime Initiation\u201d,","volume":"8","author":"COOK","year":"2016","journal-title":"American Economic Journal: Applied Economics,"},{"key":"key\n\t\t\t\t20180927110245_B17","doi-asserted-by":"crossref","DOI":"10.1146\/annurev-economics-080614-115808","article-title":"\u201cCrime and Economic Incentives\u201d","author":"DRACA","year":"2015"},{"key":"key\n\t\t\t\t20180927110245_B18","doi-asserted-by":"crossref","first-page":"2157","DOI":"10.1257\/aer.101.5.2157","article-title":"\u201cPanic on the Streets of London: Police, Crime, and the July 2005 Terror Attacks.\u201d","volume":"101","author":"DRACA","year":"2011","journal-title":"American Economic Review,"},{"key":"key\n\t\t\t\t20180927110245_B19","doi-asserted-by":"crossref","first-page":"306","DOI":"10.1016\/j.jeconom.2010.01.003","article-title":"\u201cUnderstanding Aggregate Crime Regressions\u201d,","volume":"158","author":"DURLAUF","year":"2010","journal-title":"Journal of Econometrics,"},{"key":"key\n\t\t\t\t20180927110245_B20","doi-asserted-by":"crossref","first-page":"521","DOI":"10.1086\/260058","article-title":"\u201cParticipation in Illegitimate Activities: A Theoretical and Empirical Investigation\u201d,","volume":"81","author":"EHRLICH","year":"1973","journal-title":"The Journal of Political Economy,"},{"key":"key\n\t\t\t\t20180927110245_B21","doi-asserted-by":"crossref","first-page":"3","DOI":"10.4337\/9781849806206.00008","article-title":"\u201cThe Market Model of Crime: A Short Review and New Directions\u201d,","volume-title":"The Handbook on the Economics of Crime","author":"EHRLICH","year":"2010"},{"key":"key\n\t\t\t\t20180927110245_B22","doi-asserted-by":"crossref","first-page":"1876","DOI":"10.1016\/j.jpubeco.2008.04.016","article-title":"\u201cCrime and the Labor Market: A Search Model with Optimal Contracts\u201d,","volume":"92","author":"ENGELHARDT","year":"2008","journal-title":"Journal of Public Economics,"},{"key":"key\n\t\t\t\t20180927110245_B23","doi-asserted-by":"crossref","first-page":"181","DOI":"10.1016\/j.jpubeco.2006.05.014","article-title":"\u201cCOPS and Crime\u201d,","volume":"91","author":"EVANS","year":"2007","journal-title":"Journal of Public Economics,"},{"key":"key\n\t\t\t\t20180927110245_B24","doi-asserted-by":"crossref","first-page":"1484","DOI":"10.1093\/restud\/rdu014","article-title":"\u201cEducation and Crime Over the Life Cycle\u201d,","volume":"81","author":"FELLA","year":"2014","journal-title":"Review of Economic Studies,"},{"key":"key\n\t\t\t\t20180927110245_B25","doi-asserted-by":"crossref","first-page":"437","DOI":"10.1016\/S0167-2681(99)00050-5","article-title":"\u201cA General Equilibrium Model of Crime and Punishment\u201d,","volume":"39","author":"FENDER","year":"1999","journal-title":"Journal of Economic Behavior & Organization,"},{"key":"key\n\t\t\t\t20180927110245_B26","first-page":"356","article-title":"\u201cDynamic Models of Criminal Careers\u201d,","volume-title":"Criminal Careers and \u201cCareer Criminals\u201d","author":"FLINN","year":"1986"},{"key":"key\n\t\t\t\t20180927110245_B27","doi-asserted-by":"crossref","first-page":"216","DOI":"10.1006\/juec.1996.0030","article-title":"\u201cThe Spatial Concentration of Crime\u201d,","volume":"40","author":"FREEMAN","year":"1996","journal-title":"Journal of Urban Economics,"},{"key":"key\n\t\t\t\t20180927110245_B28","doi-asserted-by":"crossref","first-page":"507","DOI":"10.2307\/2946686","article-title":"\u201cCrime and Social Interactions\u201d,","volume":"111","author":"GLAESER","year":"1996","journal-title":"Quarterly Journal of Economics,"},{"key":"key\n\t\t\t\t20180927110245_B29","doi-asserted-by":"crossref","first-page":"756","DOI":"10.1086\/209905","article-title":"\u201cMarket Wages and Youth Crime\u201d,","volume":"16","author":"GROGGER","year":"1998","journal-title":"Journal of Labor Economics,"},{"key":"key\n\t\t\t\t20180927110245_B30","article-title":"\u201cThree Essays on the Supply of Labor and the Demand for Goods\u201d,","author":"HECKMAN","year":"1971"},{"key":"key\n\t\t\t\t20180927110245_B31","doi-asserted-by":"crossref","first-page":"974","DOI":"10.2307\/146405","article-title":"\u201cInstrumental Variables Methods for the Correlated Random Coefficient Model\u201d,","volume":"33","author":"HECKMAN","year":"1998","journal-title":"Journal of Human Resources,"},{"key":"key\n\t\t\t\t20180927110245_B32","doi-asserted-by":"crossref","first-page":"1290","DOI":"10.1111\/ecoj.12204","article-title":"\u201cThe Effect of Education on Criminal Convictions and Incarceration: Causal Evidence from Micro-Data\u201d,","volume":"125","author":"HJALMARSSON","year":"2015","journal-title":"Economic Journal,"},{"key":"key\n\t\t\t\t20180927110245_B33","doi-asserted-by":"crossref","first-page":"909","DOI":"10.1111\/j.0020-6598.2004.00291.x","article-title":"\u201cCrime and Poverty: A Search-theoretic Approach\u201d,","volume":"45","author":"HUANG","year":"2004","journal-title":"International Economic Review,"},{"key":"key\n\t\t\t\t20180927110245_B34","first-page":"1236","article-title":"\u201cWhat Happens When Wal-Mart Comes to Town; An Empirical Analysis of the Retail Discounting Industry\u201d,","volume":"76","author":"JIA","year":"2008","journal-title":"Econometrica,"},{"key":"key\n\t\t\t\t20180927110245_B35","doi-asserted-by":"crossref","first-page":"845","DOI":"10.1111\/j.0020-6598.2004.00289.x","article-title":"\u201cEmployment, Deterrence, and Crime In A Dynamic Model\u201d,","volume":"45","author":"IMAI","year":"2004","journal-title":"International Economic Review,"},{"key":"key\n\t\t\t\t20180927110245_B36","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1111\/1468-2354.00053","article-title":"\u201cOn the Political Economy of Income Redistribution and Crime\u201d,","volume":"41","author":"IMROHOROGLU","year":"2000","journal-title":"International Economic Review,"},{"key":"key\n\t\t\t\t20180927110245_B37","doi-asserted-by":"crossref","first-page":"707","DOI":"10.1111\/j.0020-6598.2004.00284.x","article-title":"\u201cWhat Accounts for the Decline in Crime\u201d,","volume":"45","author":"IMROHOROGLU","year":"2004","journal-title":"International Economic Review,"},{"key":"key\n\t\t\t\t20180927110245_B38","article-title":"\u201cThe Determinants of Juvenile Crime\u201d,","volume-title":"Risky Behavior among Youths: An Economic Analysis","author":"LEVITT","year":"2000"},{"key":"key\n\t\t\t\t20180927110245_B39","doi-asserted-by":"crossref","first-page":"1244","DOI":"10.1257\/00028280260344777","article-title":"\u201cUsing Electoral Cycles in Police Hiring to Estimate the Effect of Police on Crime: Reply.\u201d","volume":"92","author":"LEVITT","year":"2002","journal-title":"American Economic Review,"},{"key":"key\n\t\t\t\t20180927110245_B40","doi-asserted-by":"crossref","first-page":"73","DOI":"10.1016\/j.irle.2008.12.003","article-title":"\u201cMore Police, Less Crime: Evidence from U.S. State Data\u201d,","volume":"29","author":"LIN","year":"2009","journal-title":"International Review of Law and Economics,"},{"key":"key\n\t\t\t\t20180927110245_B41","doi-asserted-by":"crossref","first-page":"155","DOI":"10.1257\/000282804322970751","article-title":"\u201cThe Effect of Education on Crime: Evidence from Prison Inmates, Arrests, and Self-Reports\u201d,","volume":"94","author":"LOCHNER","year":"2004","journal-title":"American Economic Review,"},{"key":"key\n\t\t\t\t20180927110245_B42","doi-asserted-by":"crossref","first-page":"463","DOI":"10.1111\/j.1468-0297.2011.02430.x","article-title":"\u201cThe Crime Reducing Effect of Education\u201d,","volume":"121","author":"MACHIN","year":"2011","journal-title":"Economic Journal,"},{"key":"key\n\t\t\t\t20180927110245_B43","first-page":"1559","article-title":"\u201cEfficient Algorithms to solve Bayesian Stackelberg Games for Security Applications\u201d,","volume":"Vol. 3","author":"PARUCHURI","year":"2008","journal-title":"AAA\u201908: Proceedings of the 23rd National Conference on Artificial Intelligence,"},{"key":"key\n\t\t\t\t20180927110245_B44","doi-asserted-by":"crossref","first-page":"1272","DOI":"10.1086\/261800","article-title":"\u201cSocial Osmosis and Patterns of Crime\u201d,","volume":"94","author":"SAH","year":"1991","journal-title":"Journal of Political Economy,"},{"key":"key\n\t\t\t\t20180927110245_B45","doi-asserted-by":"crossref","first-page":"24","DOI":"10.4337\/9781849806206.00009","article-title":"\u201cEstimating the Supply of Crime: Recent Advances\u201d,","volume-title":"The Handbook on the Economics of Crime","author":"TAUCHEN","year":"2010"},{"key":"key\n\t\t\t\t20180927110245_B46","doi-asserted-by":"crossref","first-page":"731","DOI":"10.1111\/j.0020-6598.2004.00285.x","article-title":"\u201cRacial Beliefs, Location, and the Causes of Crime\u201d,","volume":"45","author":"VERDIER","year":"2004","journal-title":"International Economic Review,"},{"key":"key\n\t\t\t\t20180927110245_B47","doi-asserted-by":"crossref","first-page":"506","DOI":"10.1016\/j.ssresearch.2010.02.001","article-title":"\u201cPolice Levels and Crime Rates: An Instrumental Variables Approach\u201d,","volume":"39","author":"WORRALL","year":"2010","journal-title":"Social Science Research,"},{"key":"key\n\t\t\t\t20180927110245_B48","article-title":"\u201cKeeping Pace with Criminals: Learning, Predicting and Planning against Crime: Demonstration Based on Real Urban Crime Data (Demonstration)\u201d,","author":"ZHANG","year":"2015"},{"key":"key\n\t\t\t\t20180927110245_B49","doi-asserted-by":"crossref","first-page":"7","DOI":"10.1111\/j.1745-9133.2002.tb00104.x","article-title":"\u201cFunding Community Policing to Reduce Crime: have COPS Grants made a Difference?\u201d","volume":"2","author":"ZHAO","year":"2002","journal-title":"Criminology and Public Policy,"},{"key":"key\n\t\t\t\t20180927110245_B50","doi-asserted-by":"crossref","first-page":"1479","DOI":"10.3934\/dcdsb.2014.19.1479","article-title":"\u201cCops on the Dots in a Mathematical Model of Urban Crime and Police Response\u201d,","volume":"19","author":"ZIPKIN","year":"2014","journal-title":"Discrete and Continuous Dynamical Systems B,"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/85\/4\/2097\/25848782\/rdx068.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,10,6]],"date-time":"2019-10-06T10:54:10Z","timestamp":1570359250000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/85\/4\/2097\/4643598"}},"issued":{"date-parts":[[2017,11,20]]},"references-count":50,"journal-issue":{"issue":"4","published-online":{"date-parts":[[2017,11,20]]},"published-print":{"date-parts":[[2018,10,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdx068","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2018,10]]},"published":{"date-parts":[[2017,11,20]]}},{"indexed":{"date-parts":[[2026,6,1]],"date-time":"2026-06-01T16:52:13Z","timestamp":1780332733584,"version":"3.54.1"},"reference-count":36,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Rev Econ Studies"],"published-print":{"date-parts":[[2005,7]]},"DOI":"10.1111\/j.1467-937x.2005.00349.x","type":"journal-article","created":{"date-parts":[[2005,7,4]],"date-time":"2005-07-04T16:34:58Z","timestamp":1120494898000},"page":"707-734","source":"Crossref","is-referenced-by-count":1283,"title":["Monetary Policy and Exchange Rate Volatility in a Small Open Economy"],"prefix":"10.1093","volume":"72","author":[{"given":"Jordi","family":"Gali","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Tommaso","family":"Monacelli","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","reference":[{"key":"b1_253","doi-asserted-by":"crossref","first-page":"1093","DOI":"10.1257\/aer.90.5.1093","volume":"90","author":"Bacchetta P.","year":"2000","journal-title":"American Economic Review"},{"key":"b2_254","doi-asserted-by":"crossref","first-page":"622","DOI":"10.1162\/154247603322391297","volume":"1","author":"Bacchetta P.","year":"2003","journal-title":"Journal of the European Economic Association, Papers and Proceedings"},{"key":"b3_255","doi-asserted-by":"publisher","DOI":"10.1016\/0022-1996(93)90021-O"},{"key":"b4_256","doi-asserted-by":"crossref","first-page":"743","DOI":"10.1111\/1467-937X.00265","volume":"70","author":"Benigno G.","year":"2003","journal-title":"Review of Economic Studies"},{"key":"b5_257","doi-asserted-by":"crossref","unstructured":"P. Benigno, and M. Woodford (2004 ); \"Inflation Stabilization and Welfare: The Case of Large Distortions\" (Unpublished Manuscript, Princeton University).","DOI":"10.3386\/w10838"},{"key":"b6_258","doi-asserted-by":"crossref","first-page":"215","DOI":"10.1016\/S0022-1996(98)00036-1","volume":"50","author":"Betts C.","year":"2000","journal-title":"Journal of International Economics"},{"key":"b7_259","doi-asserted-by":"crossref","first-page":"1305","DOI":"10.2307\/1912186","volume":"48","author":"Blanchard O.","year":"1980","journal-title":"Econometrica"},{"key":"b8_260","doi-asserted-by":"crossref","first-page":"1105","DOI":"10.1016\/S0304-3932(02)00144-7","volume":"49","author":"Bullard J.","year":"2002","journal-title":"Journal of Monetary Economics"},{"key":"b9_261","doi-asserted-by":"publisher","DOI":"10.1016\/0304-3932(83)90060-0"},{"key":"b10_262","doi-asserted-by":"publisher","DOI":"10.1111\/1467-937X.00216"},{"key":"b11_263","doi-asserted-by":"crossref","first-page":"1661","DOI":"10.1257\/jel.37.4.1661","volume":"37","author":"Clarida R.","year":"1999","journal-title":"Journal of Economic Literature"},{"key":"b12_264","doi-asserted-by":"crossref","first-page":"248","DOI":"10.1257\/aer.91.2.248","volume":"91","author":"Clarida R.","year":"2001","journal-title":"American Economic Review"},{"key":"b13_265","doi-asserted-by":"crossref","first-page":"879","DOI":"10.1016\/S0304-3932(02)00128-9","volume":"49","author":"Clarida R.","year":"2002","journal-title":"Journal of Monetary Economics"},{"key":"b14_266","doi-asserted-by":"crossref","first-page":"421","DOI":"10.1162\/00335530151144069","volume":"2","author":"Corsetti G.","year":"2001","journal-title":"Quarterly Journal of Economics"},{"key":"b15_267","doi-asserted-by":"crossref","first-page":"281","DOI":"10.1016\/j.jmoneco.2004.06.002","volume":"52","author":"Corsetti G.","year":"2005","journal-title":"Journal of Monetary Economics"},{"key":"b16_268","doi-asserted-by":"crossref","first-page":"913","DOI":"10.1016\/S0304-3932(02)00130-7","author":"Devereux M. B.","year":"2002","journal-title":"Journal of Monetary Economics"},{"key":"b17_269","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-3932(00)00028-3"},{"key":"b18_270","volume-title":"Advances in Economics and Econometrics","author":"Gali J.","year":"2003"},{"key":"b19_271","doi-asserted-by":"crossref","DOI":"10.3386\/w8423","volume-title":"Why Price Stability?","author":"Goodfriend M.","year":"2001"},{"key":"b20_272","volume":"78","author":"King R. G.","year":"1996","journal-title":"Federal Reserve Bank of St. Louis Review"},{"key":"b21_273","doi-asserted-by":"publisher","DOI":"10.1016\/S0022-1996(01)00087-3"},{"key":"b22_274","doi-asserted-by":"crossref","first-page":"989","DOI":"10.1016\/S0304-3932(02)00132-0","volume":"49","author":"Kollmann R.","year":"2002","journal-title":"Journal of Monetary Economics"},{"key":"b23_275","doi-asserted-by":"publisher","DOI":"10.1016\/S0022-1996(00)00073-8"},{"key":"b24_276","doi-asserted-by":"publisher","DOI":"10.1093\/oxrep\/16.4.74"},{"key":"b25_277","doi-asserted-by":"crossref","first-page":"191","DOI":"10.1016\/S0022-1996(03)00039-4","volume":"62","author":"Monacelli T.","year":"2004","journal-title":"Journal of International Economics"},{"key":"b26_278","doi-asserted-by":"publisher","DOI":"10.1016\/0167-2231(86)90039-4"},{"key":"b27_279","doi-asserted-by":"crossref","first-page":"624","DOI":"10.1086\/261997","volume":"103","author":"Obstfeld M.","year":"1995","journal-title":"Journal of Political Economy"},{"key":"b28_280","doi-asserted-by":"crossref","first-page":"117","DOI":"10.1016\/S0022-1996(99)00034-3","volume":"50","author":"Obstfeld M.","year":"1999","journal-title":"Journal of International Economics"},{"key":"b29_281","doi-asserted-by":"crossref","first-page":"753","DOI":"10.1016\/j.jmoneco.2003.06.006","volume":"51","author":"Pappa E.","year":"2004","journal-title":"Journal of Monetary Economics"},{"key":"b30_282","doi-asserted-by":"crossref","unstructured":"E. Parrado, and A. Velasco (2002 ); \"Optimal Interest Rate Policy in a Small Open Economy\" (NBER WP# 8721).","DOI":"10.3386\/w8721"},{"key":"b31_283","volume-title":"Monetary Policy Rules","author":"Rotemberg J.","year":"1999"},{"key":"b32_284","doi-asserted-by":"crossref","first-page":"482","DOI":"10.2307\/2673912","volume":"33","author":"Schmitt-Grohe S.","year":"2001","journal-title":"Journal of Money, Credit, and Banking"},{"key":"b33_285","volume":"50","author":"Svensson L. E. O.","year":"2000","journal-title":"Journal of International Economics"},{"key":"b34_286","doi-asserted-by":"crossref","DOI":"10.7208\/chicago\/9780226791265.001.0001","volume-title":"Monetary Policy Rules","author":"Taylor J. B. (ed)","year":"1999"},{"key":"b35_287","volume-title":"Interest and Prices: Foundations of a Theory of Monetary Policy","author":"Woodford M.","year":"2003"},{"key":"b36_288","doi-asserted-by":"publisher","DOI":"10.1016\/0304-3932(96)01246-9"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/72\/3\/707\/18339445\/72-3-707.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2020,4,8]],"date-time":"2020-04-08T03:56:42Z","timestamp":1586318202000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1111\/j.1467-937X.2005.00349.x"}},"issued":{"date-parts":[[2005,7]]},"references-count":36,"journal-issue":{"issue":"3","published-print":{"date-parts":[[2005,7]]}},"alternative-id":["10.1111\/j.1467-937X.2005.00349.x"],"URL":"https:\/\/doi.org\/10.1111\/j.1467-937x.2005.00349.x","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[2005,7]]}},{"indexed":{"date-parts":[[2026,6,1]],"date-time":"2026-06-01T18:35:13Z","timestamp":1780338913014,"version":"3.54.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1968,7]]},"DOI":"10.2307\/2296670","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:06:01Z","timestamp":1150416361000},"page":"360","source":"Crossref","is-referenced-by-count":25,"title":["An Invariably Stable Cobweb Model"],"prefix":"10.1093","volume":"35","author":[{"given":"J. A.","family":"Carlson","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/35\/3\/360\/4391720\/35-3-360.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:25:32Z","timestamp":1503534332000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296670"}},"issued":{"date-parts":[[1968,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1968,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2296670","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1968,7]]}},{"indexed":{"date-parts":[[2026,6,1]],"date-time":"2026-06-01T20:26:23Z","timestamp":1780345583376,"version":"3.54.1"},"reference-count":95,"publisher":"Oxford University Press (OUP)","issue":"6","license":[{"start":{"date-parts":[[2022,2,18]],"date-time":"2022-02-18T00:00:00Z","timestamp":1645142400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2022,11,7]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>We study people\u2019s subjective models of the macroeconomy and shed light on their attentional foundations. To do so, we measure beliefs about the effects of macroeconomic shocks on unemployment and inflation, providing respondents with identical information about the parameters of the shocks and previous realizations of macroeconomic variables. Within samples of 6,500 US households and 1,500 experts, beliefs are widely dispersed, even about the directional effects of shocks, and there are large differences in average beliefs between households and experts. Part of this disagreement seems to arise because respondents think of different propagation channels of the shocks, in particular demand- vs. supply-side mechanisms. We provide evidence on the role of associative memory in driving heterogeneity in thoughts and forecasts: contextual cues and prior experiences shape which propagation channels individuals retrieve and thereby which forecasts they make. Our findings offer a new perspective on the widely documented disagreement in macroeconomic expectations.<\/jats:p>","DOI":"10.1093\/restud\/rdac008","type":"journal-article","created":{"date-parts":[[2022,2,15]],"date-time":"2022-02-15T20:26:17Z","timestamp":1644956777000},"page":"2958-2991","source":"Crossref","is-referenced-by-count":187,"title":["Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples"],"prefix":"10.1093","volume":"89","author":[{"given":"Peter","family":"Andre","sequence":"first","affiliation":[{"name":"briq \u2013 Institute on Behavior & Inequality"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Carlo","family":"Pizzinelli","sequence":"additional","affiliation":[{"name":"International Monetary Fund"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Christopher","family":"Roth","sequence":"additional","affiliation":[{"name":"University of Cologne, ECONtribute"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Johannes","family":"Wohlfart","sequence":"additional","affiliation":[{"name":"Department of Economics, University of Copenhagen, CEBI"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","published-online":{"date-parts":[[2022,2,18]]},"reference":[{"key":"2022110815515747700_B1","article-title":"Rationally Confused: On the Aggregate Implications of Information Provision Policies","author":"ACOSTA,","year":"2019"},{"key":"2022110815515747700_B2","article-title":"Strategic Inattention, Inflation Dynamics and the Non-Neutrality of Money","author":"AFROUZI,","year":"2019"},{"key":"2022110815515747700_B3","doi-asserted-by":"crossref","first-page":"106","DOI":"10.1016\/j.jmoneco.2016.08.007","article-title":"Fundamental Disagreement","volume":"83","author":"ANDRADE,","year":"2016","journal-title":"Journal of Monetary Economics"},{"key":"2022110815515747700_B4","article-title":"What\u2019s Worth Knowing? Economists\u2019 Opinions about Economics","author":"ANDRE,","year":"2021"},{"key":"2022110815515747700_B5","doi-asserted-by":"publisher","DOI":"10.5281\/zenodo.5744016","article-title":"Replication Data for: Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples","author":"ANDRE,","year":"2022","journal-title":"Review of Economic Studies"},{"key":"2022110815515747700_B6","doi-asserted-by":"crossref","DOI":"10.3386\/w23379","article-title":"Dampening General Equilibrium: From Micro to Macro","author":"ANGELETOS,","year":"2017"},{"key":"2022110815515747700_B7","doi-asserted-by":"crossref","first-page":"2477","DOI":"10.1257\/aer.20161996","article-title":"Forward Guidance without Common Knowledge","volume":"108","author":"ANGELETOS,","year":"2018","journal-title":"American Economic Review"},{"key":"2022110815515747700_B8","doi-asserted-by":"crossref","DOI":"10.3386\/w27308","article-title":"Imperfect Macroeconomic Expectations: Evidence and Theory","volume-title":"NBER Macroeconomics Annual 2020","author":"ANGELETOS,","year":"2020"},{"key":"2022110815515747700_B9","doi-asserted-by":"crossref","first-page":"503","DOI":"10.1162\/REST_a_00499","article-title":"The Price Is Right: Updating Inflation Expectations in a Randomized Price Information Experiment","volume":"98","author":"ARMANTIER,","year":"2016","journal-title":"Review of Economics and Statistics"},{"key":"2022110815515747700_B10","doi-asserted-by":"crossref","first-page":"505","DOI":"10.1111\/iere.12113","article-title":"Inflation Expectations and Behavior: Do Survey Respondents Act on their Beliefs?","volume":"56","author":"ARMANTIER,","year":"2015","journal-title":"International Economic Review"},{"key":"2022110815515747700_B11","doi-asserted-by":"crossref","first-page":"1371","DOI":"10.1093\/restud\/rdy038","article-title":"Home Price Expectations and Behaviour: Evidence from a Randomized Information Experiment","volume":"86","author":"ARMONA,","year":"2018","journal-title":"The Review of Economic Studies"},{"key":"2022110815515747700_B12","doi-asserted-by":"crossref","first-page":"195","DOI":"10.1057\/s41308-019-00102-3","article-title":"Local Fiscal Multipliers and Fiscal Spillovers in the United States","volume":"68","author":"AUERBACH,","year":"2020","journal-title":"IMF Economic Review"},{"key":"2022110815515747700_B13","doi-asserted-by":"crossref","DOI":"10.3386\/w29430","article-title":"Uncertainty and Change: Survey Evidence of Firms\u2019 Subjective Beliefs","author":"BACHMANN,","year":"2021"},{"key":"2022110815515747700_B14","first-page":"1","article-title":"Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence","volume":"7","author":"BACHMANN,","year":"2015","journal-title":"American Economic Journal: Economic Policy"},{"key":"2022110815515747700_B15","doi-asserted-by":"crossref","first-page":"703","DOI":"10.1016\/j.jmoneco.2005.03.002","article-title":"Monetary Policy for Inattentive Economies","volume":"52","author":"BALL,","year":"2005","journal-title":"Journal of Monetary Economics"},{"key":"2022110815515747700_B16","first-page":"199","article-title":"The Cost Channel of Monetary Transmission","volume-title":"NBER Macroeconomics Annual 2001","author":"BARTH,","year":"2002"},{"key":"2022110815515747700_B17","article-title":"The Young, the Old, and the Government: Demographics and Fiscal Multipliers","author":"BASSO,","year":"2019"},{"key":"2022110815515747700_B18","doi-asserted-by":"crossref","DOI":"10.21144\/wp19-14","article-title":"Survey Data and Subjective Beliefs in Business Cycle Models","author":"BHANDARI,","year":"2019"},{"key":"2022110815515747700_B19","doi-asserted-by":"crossref","first-page":"580","DOI":"10.1002\/soej.12306","article-title":"Household Informedness and Long-Run Inflation Expectations: Experimental Evidence","volume":"85","author":"BINDER,","year":"2018","journal-title":"Southern Economic Journal"},{"key":"2022110815515747700_B20","doi-asserted-by":"crossref","first-page":"293","DOI":"10.1162\/rest_a_00944","article-title":"Stuck in the Seventies: Gas Prices and Macroeconomic Expectations","volume":"104","author":"BINDER,","year":"2022","journal-title":"Review of Economics and Statistics"},{"key":"2022110815515747700_B21","doi-asserted-by":"crossref","DOI":"10.7208\/chicago\/9780226278872.003.0008","article-title":"The Macroeconomic Effects of Oil Price Shocks: Why Are the 2000s so Different from the 1970s?","volume-title":"International Dimensions of Monetary Policy","author":"BLANCHARD,","year":"2010"},{"key":"2022110815515747700_B22","doi-asserted-by":"crossref","first-page":"1753","DOI":"10.1093\/qje\/qjw029","article-title":"Stereotypes","volume":"131","author":"BORDALO,","year":"2016","journal-title":"The Quarterly Journal Economics"},{"key":"2022110815515747700_B23","doi-asserted-by":"crossref","first-page":"71","DOI":"10.1037\/rev0000251","article-title":"Memory and Representativeness","volume":"128","author":"BORDALO,","year":"2020","journal-title":"Psychological Review"},{"key":"2022110815515747700_B24","doi-asserted-by":"crossref","first-page":"1399","DOI":"10.1093\/qje\/qjaa007","article-title":"Memory, Attention, and Choice","volume":"135","author":"BORDALO,","year":"2020","journal-title":"The Quarterly Journal of Economics"},{"key":"2022110815515747700_B25","doi-asserted-by":"crossref","first-page":"199","DOI":"10.1111\/jofi.12586","article-title":"Diagnostic Expectations and Credit Cycles","volume":"73","author":"BORDALO,","year":"2018","journal-title":"The Journal of Finance"},{"key":"2022110815515747700_B26","doi-asserted-by":"crossref","first-page":"2748","DOI":"10.1257\/aer.20181219","article-title":"Overreaction in Macroeconomic Expectations","volume":"110","author":"BORDALO,","year":"2020","journal-title":"American Economic Review"},{"key":"2022110815515747700_B27","doi-asserted-by":"crossref","first-page":"71","DOI":"10.1515\/jbnst-2015-1028","article-title":"ifo World Economic Survey Database\u2014An International Economic Expert Survey","volume":"237","author":"BOUMANS,","year":"2017","journal-title":"Jahrb\u00fccher f\u00fcr National\u00f6konomie und Statistik"},{"key":"2022110815515747700_B28","doi-asserted-by":"crossref","first-page":"1129","DOI":"10.2307\/1912325","article-title":"Rational Expectations Equilibria, Learning, and Model Specification","volume":"54","author":"BRAY,","year":"1986","journal-title":"Econometrica"},{"key":"2022110815515747700_B29","doi-asserted-by":"crossref","first-page":"269","DOI":"10.1162\/00335530360535207","article-title":"Macroeconomic Expectations of Households and Professional Forecasters","volume":"118","author":"CARROLL,","year":"2003","journal-title":"The Quarterly Journal of Economics"},{"key":"2022110815515747700_B30","doi-asserted-by":"crossref","first-page":"108","DOI":"10.1016\/j.jmoneco.2014.04.013","article-title":"Do People Understand Monetary Policy?","volume":"66","author":"CARVALHO,","year":"2014","journal-title":"Journal of Monetary Economics"},{"key":"2022110815515747700_B31","first-page":"1","article-title":"Inflation Expectations, Learning and Supermarket Prices: Evidence from Field Experiments","volume":"9","author":"CAVALLO,","year":"2017","journal-title":"American Economic Journal: Macroeconomics"},{"key":"2022110815515747700_B32","doi-asserted-by":"crossref","first-page":"2322","DOI":"10.1093\/ej\/uez013","article-title":"Asymmetric Consumption Effects of Transitory Income Shocks","volume":"129","author":"CHRISTELIS,","year":"2019","journal-title":"The Economic Journal"},{"key":"2022110815515747700_B33","doi-asserted-by":"crossref","first-page":"116","DOI":"10.1086\/665662","article-title":"What Can Survey Forecasts Tell us about Information Rigidities?","volume":"120","author":"COIBION,","year":"2012","journal-title":"Journal of Political Economy"},{"key":"2022110815515747700_B34","doi-asserted-by":"crossref","first-page":"2644","DOI":"10.1257\/aer.20110306","article-title":"Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts","volume":"105","author":"COIBION,","year":"2015","journal-title":"The American Economic Review"},{"key":"2022110815515747700_B35","first-page":"197","article-title":"Is the Phillips Curve Alive and Well after All? Inflation Expectations and the Missing Disinflation","volume":"7","author":"COIBION,","year":"2015","journal-title":"American Economic Journal: Macroeconomics"},{"key":"2022110815515747700_B36","doi-asserted-by":"crossref","DOI":"10.3386\/w26106","article-title":"How Does Consumption Respond to News about Inflation? Field Evidence from a Randomized Control Trial","author":"COIBION,","year":"2019"},{"key":"2022110815515747700_B37","doi-asserted-by":"crossref","DOI":"10.3386\/w28625","article-title":"The Effect of Macroeconomic Uncertainty on Household Spending","author":"COIBION,","year":"2021"},{"key":"2022110815515747700_B38","doi-asserted-by":"crossref","first-page":"2671","DOI":"10.1257\/aer.20151299","article-title":"How Do Firms Form Their Expectations? New Survey Evidence","volume":"108","author":"COIBION,","year":"2018","journal-title":"American Economic Review"},{"key":"2022110815515747700_B39","doi-asserted-by":"crossref","first-page":"165","DOI":"10.1093\/qje\/qjz029","article-title":"Inflation Expectations and Firm Decisions: New Causal Evidence","volume":"135","author":"COIBION,","year":"2020","journal-title":"The Quarterly Journal of Economics"},{"key":"2022110815515747700_B40","article-title":"Managing Households\u2019 Expectations with Simple Economic Policies","author":"D\u2019ACUNTO,","year":"2021","journal-title":"Review of Financial Studies"},{"key":"2022110815515747700_B41","article-title":"IQ, Expectations, and Choice","author":"D\u2019ACUNTO,","year":"2021","journal-title":"Review of Economic Studies"},{"key":"2022110815515747700_B42","doi-asserted-by":"crossref","first-page":"395","DOI":"10.1093\/rfs\/hhz041","article-title":"Socioeconomic Status and Macroeconomic Expectations","volume":"33","author":"DAS,","year":"2020","journal-title":"The Review of Financial Studies"},{"key":"2022110815515747700_B43","doi-asserted-by":"crossref","first-page":"3266","DOI":"10.1257\/aer.20171330","article-title":"Measuring and Bounding Experimenter Demand","volume":"108","author":"DE QUIDT,","year":"2018","journal-title":"American Economic Review"},{"key":"2022110815515747700_B44","doi-asserted-by":"crossref","first-page":"2343","DOI":"10.1086\/701808","article-title":"University Choice: The Role of Expected Earnings, Nonpecuniary Outcomes, and Financial Constraints","volume":"127","author":"DELAVANDE,","year":"2019","journal-title":"Journal of Political Economy"},{"key":"2022110815515747700_B45","doi-asserted-by":"crossref","first-page":"1029","DOI":"10.1093\/restud\/rdx033","article-title":"What Motivates Effort? Evidence and Expert Forecasts","volume":"85","author":"DELLAVIGNA,","year":"2018","journal-title":"Review of Economic Studies"},{"key":"2022110815515747700_B46","doi-asserted-by":"crossref","first-page":"1081","DOI":"10.1162\/REST_a_00207","article-title":"Disagreement Among Forecasters in G7 Countries","volume":"94","author":"DOVERN,","year":"2012","journal-title":"The Review of Economics and Statistics"},{"key":"2022110815515747700_B47","doi-asserted-by":"crossref","first-page":"84","DOI":"10.1016\/j.euroecorev.2016.01.010","article-title":"Are Survey Expectations Theory-consistent? The Role of Central Bank Communication and News","volume":"85","author":"DR\u00c4GER,","year":"2016","journal-title":"European Economic Review"},{"key":"2022110815515747700_B48","doi-asserted-by":"crossref","DOI":"10.3386\/w26664","article-title":"Associative Memory and Belief Formation","author":"ENKE,","year":"2020"},{"key":"2022110815515747700_B49","volume-title":"Learning and Expectations in Macroeconomics","author":"EVANS,","year":"2012"},{"key":"2022110815515747700_B50","doi-asserted-by":"crossref","first-page":"3887","DOI":"10.1257\/aer.20171400","article-title":"Monetary Policy, Bounded Rationality, and Incomplete Markets","volume":"109","author":"FARHI,","year":"2019","journal-title":"American Economic Review"},{"key":"2022110815515747700_B51","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1086\/663989","article-title":"Natural Expectations, Macroeconomic Dynamics, and Asset Pricing","volume":"26","author":"FUSTER,","year":"2012","journal-title":"NBER Macroeconomics Annual"},{"key":"2022110815515747700_B52","doi-asserted-by":"crossref","first-page":"67","DOI":"10.1257\/jep.24.4.67","article-title":"Natural Expectations and Macroeconomic Fluctuations","volume":"24","author":"FUSTER,","year":"2010","journal-title":"Journal of Economic Perspectives"},{"key":"2022110815515747700_B53","doi-asserted-by":"publisher","DOI":"10.1093\/restud\/rdaa076","article-title":"What Would You Do With $500? Spending Responses to Gains, Losses, News and Loans","author":"FUSTER,","year":"2020","journal-title":"Review of Economic Studies"},{"key":"2022110815515747700_B54","first-page":"1","article-title":"Expectations with Endogenous Information Acquisition: An Experimental Investigation","author":"FUSTER,","year":"2020","journal-title":"The Review of Economics and Statistics,"},{"key":"2022110815515747700_B55","first-page":"261","article-title":"Behavioral Inattention","author":"GABAIX,","year":"2019","journal-title":"Handbook of Behavioral Economics: Applications and Foundations 1"},{"key":"2022110815515747700_B56","doi-asserted-by":"crossref","first-page":"2271","DOI":"10.1257\/aer.20162005","article-title":"A Behavioral New Keynesian Model","volume":"110","author":"GABAIX,","year":"2020","journal-title":"American Economic Review"},{"key":"2022110815515747700_B57","doi-asserted-by":"crossref","DOI":"10.1596\/1813-9450-9524","article-title":"Macroeconomic Expectations and Credit Card Spending","author":"GALASHIN,","year":"2021"},{"key":"2022110815515747700_B58","doi-asserted-by":"crossref","first-page":"1399","DOI":"10.1162\/qjec.2010.125.4.1399","article-title":"What Comes to Mind","volume":"125","author":"GENNAIOLI,","year":"2010","journal-title":"The Quarterly Journal of Economics"},{"key":"2022110815515747700_B59","volume-title":"Simple Heuristics that Make Us Smart","author":"GIGERENZER,","year":"1999"},{"key":"2022110815515747700_B60","doi-asserted-by":"crossref","first-page":"1481","DOI":"10.1257\/aer.20200243","article-title":"Five Facts about Beliefs and Portfolios","volume":"111","author":"GIGLIO,","year":"2021","journal-title":"American Economic Review"},{"key":"2022110815515747700_B61","doi-asserted-by":"crossref","first-page":"301","DOI":"10.1016\/j.jmoneco.2019.08.001","article-title":"Expectation Formation in a New Environment: Evidence from the German Reunification","volume":"115","author":"GOLDFAYN-FRANK,","year":"2020","journal-title":"Journal of Monetary Economics"},{"key":"2022110815515747700_B62","doi-asserted-by":"crossref","first-page":"629","DOI":"10.1257\/aer.103.3.629","article-title":"Views among Economists: Professional Consensus or Point-Counterpoint?","volume":"103","author":"GORDON,","year":"2013","journal-title":"American Economic Review"},{"key":"2022110815515747700_B63","article-title":"Inattentive Inference","author":"GRAEBER,","year":"2021"},{"key":"2022110815515747700_B64","article-title":"Designing Information Provision Experiments","author":"HAALAND,","year":"2021","journal-title":"Journal of Economic Literature"},{"key":"2022110815515747700_B65","doi-asserted-by":"crossref","first-page":"578","DOI":"10.1257\/pandp.20181082","article-title":"Central Bank Communications and the General Public","author":"HALDANE,","year":"2018","journal-title":"AEA Papers and Proceedings"},{"key":"2022110815515747700_B66","article-title":"ifo World Economic Survey (July 2019 Wave)","author":"IFO","year":"2019"},{"key":"2022110815515747700_B67","volume-title":"Foundations of Human Memory","author":"KAHANA,","year":"2012"},{"key":"2022110815515747700_B68","article-title":"The Inattentive Consumer: Sentiment and Expectations","author":"KAMDAR,","year":"2019"},{"key":"2022110815515747700_B69","doi-asserted-by":"crossref","first-page":"2491","DOI":"10.1111\/jofi.12819","article-title":"Personal Experiences and Expectations about Aggregate Outcomes","volume":"74","author":"KUCHLER,","year":"2019","journal-title":"The Journal of Finance"},{"key":"2022110815515747700_B70","doi-asserted-by":"crossref","first-page":"2206","DOI":"10.1257\/aer.102.5.2206","article-title":"Heuristic Thinking and Limited Attention in the Car Market","volume":"102","author":"LACETERA,","year":"2012","journal-title":"American Economic Review"},{"key":"2022110815515747700_B71","doi-asserted-by":"crossref","first-page":"370","DOI":"10.1111\/j.1464-0597.2009.00396.x","article-title":"Lay Understanding of Macroeconomic Causation: The Good-begets-good Heuristic","volume":"58","author":"LEISER,","year":"2009","journal-title":"Applied Psychology"},{"key":"2022110815515747700_B72","doi-asserted-by":"crossref","first-page":"139","DOI":"10.1002\/9781118926352.ch9","article-title":"How Laypeople Understand the Economy","volume-title":"Economic Psychology","author":"LEISER,","year":"2017"},{"key":"2022110815515747700_B73","article-title":"Information Frictions Among Firms and Households","author":"LINK,","year":"2021"},{"key":"2022110815515747700_B74","doi-asserted-by":"crossref","first-page":"1502","DOI":"10.1093\/restud\/rdv027","article-title":"Business Cycle Dynamics under Rational Inattention","volume":"82","author":"MA\u0106KOWIAK,","year":"2015","journal-title":"The Review of Economic Studies"},{"key":"2022110815515747700_B75","doi-asserted-by":"crossref","first-page":"373","DOI":"10.1093\/qje\/qjq004","article-title":"Depression Babies: Do Macroeconomic Experiences Affect Risk-taking?","volume":"126","author":"MALMENDIER,","year":"2011","journal-title":"The Quarterly Journal of Economics"},{"key":"2022110815515747700_B76","doi-asserted-by":"crossref","first-page":"53","DOI":"10.1093\/qje\/qjv037","article-title":"Learning from Inflation Experiences","volume":"131","author":"MALMENDIER,","year":"2016","journal-title":"The Quarterly Journal of Economics"},{"key":"2022110815515747700_B77","doi-asserted-by":"crossref","first-page":"19","DOI":"10.1016\/j.jmoneco.2020.04.002","article-title":"The Making of Hawks and Doves","volume":"117","author":"MALMENDIER,","year":"2021","journal-title":"Journal of Monetary Economics"},{"key":"2022110815515747700_B78","doi-asserted-by":"crossref","first-page":"1295","DOI":"10.1162\/003355302320935034","article-title":"Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve","volume":"117","author":"MANKIW,","year":"2002","journal-title":"The Quarterly Journal of Economics"},{"key":"2022110815515747700_B79","doi-asserted-by":"crossref","first-page":"209","DOI":"10.1086\/ma.18.3585256","article-title":"Disagreement About Inflation Expectations","volume":"18","author":"MANKIW,","year":"2003","journal-title":"NBER Macroeconomics Annual"},{"key":"2022110815515747700_B80","doi-asserted-by":"crossref","first-page":"337","DOI":"10.1016\/0022-0531(89)90032-X","article-title":"Convergence of Least Squares Learning Mechanisms in Self-referential Linear Stochastic Models","volume":"48","author":"MARCET,","year":"1989","journal-title":"Journal of Economic Theory"},{"key":"2022110815515747700_B81","doi-asserted-by":"crossref","first-page":"2065","DOI":"10.1016\/j.jmoneco.2006.11.007","article-title":"Expectations, Learning and Macroeconomic Persistence","volume":"54","author":"MILANI,","year":"2007","journal-title":"Journal of Monetary Economics"},{"key":"2022110815515747700_B82","article-title":"Macroeconomics with Learning and Misspecification: A General Theory and Applications","author":"MOLAVI,","year":"2019"},{"key":"2022110815515747700_B83","doi-asserted-by":"crossref","first-page":"753","DOI":"10.1257\/aer.104.3.753","article-title":"Fiscal Stimulus in a Monetary Union: Evidence from US Regions","volume":"104","author":"NAKAMURA,","year":"2014","journal-title":"American Economic Review"},{"key":"2022110815515747700_B84","doi-asserted-by":"crossref","first-page":"1927","DOI":"10.1016\/j.jedc.2005.06.004","article-title":"The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning, and Expectations","volume":"29","author":"ORPHANIDES,","year":"2005","journal-title":"Journal of Economic Dynamics and Control"},{"key":"2022110815515747700_B85","doi-asserted-by":"crossref","first-page":"356","DOI":"10.1093\/restud\/rdt024","article-title":"Exogenous Information, Endogenous Information, and Optimal Monetary Policy","volume":"81","author":"PACIELLO,","year":"2014","journal-title":"Review of Economic Studies"},{"key":"2022110815515747700_B86","doi-asserted-by":"crossref","first-page":"1761","DOI":"10.1016\/j.jmoneco.2006.03.001","article-title":"Inattentive Consumers","volume":"53","author":"REIS,","year":"2006","journal-title":"Journal of Monetary Economics"},{"key":"2022110815515747700_B87","doi-asserted-by":"crossref","first-page":"731","DOI":"10.1162\/rest_a_00867","article-title":"How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?","volume":"102","author":"ROTH,","year":"2020","journal-title":"Review of Economics and Statistics"},{"key":"2022110815515747700_B88","first-page":"34","article-title":"Risk Exposure and Acquisition of Macroeconomic Information","volume":"4","author":"ROTH,","year":"2022","journal-title":"American Economic Review: Insights"},{"key":"2022110815515747700_B89","doi-asserted-by":"crossref","first-page":"636","DOI":"10.1257\/aer.103.3.636","article-title":"Economic Experts versus Average Americans","volume":"103","author":"SAPIENZA,","year":"2013","journal-title":"American Economic Review"},{"key":"2022110815515747700_B90","doi-asserted-by":"crossref","first-page":"665","DOI":"10.1016\/S0304-3932(03)00029-1","article-title":"Implications of Rational Inattention","volume":"50","author":"SIMS,","year":"2003","journal-title":"Journal of Monetary Economics"},{"key":"2022110815515747700_B91","doi-asserted-by":"crossref","DOI":"10.3386\/w27699","article-title":"Understanding Tax Policy: How Do People Reason?","author":"STANTCHEVA,","year":"2020"},{"key":"2022110815515747700_B92","doi-asserted-by":"crossref","first-page":"207","DOI":"10.1016\/0010-0285(73)90033-9","article-title":"Availability: A Heuristic for Judging Frequency and Probability","volume":"5","author":"TVERSKY,","year":"1973","journal-title":"Cognitive Psychology"},{"key":"2022110815515747700_B93","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.3383452","article-title":"Inflation Expectations and Choices of Households","author":"VELLEKOOP,","year":"2019"},{"key":"2022110815515747700_B94","doi-asserted-by":"crossref","first-page":"457","DOI":"10.1093\/qje\/qjx035","article-title":"Preference for the Workplace, Investment in Human Capital, and Gender","volume":"133","author":"WISWALL,","year":"2017","journal-title":"The Quarterly Journal of Economics"},{"key":"2022110815515747700_B95","doi-asserted-by":"crossref","DOI":"10.1515\/9780691223933-004","article-title":"Imperfect Common Knowledge and The Effects of Monetary Policy","volume-title":"Knowledge, Information, and Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps","author":"WOODFORD,","year":"2003"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdac008\/43399510\/rdac008.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/89\/6\/2958\/46869454\/rdac008.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/89\/6\/2958\/46869454\/rdac008.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,11,8]],"date-time":"2022-11-08T17:51:17Z","timestamp":1667929877000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/89\/6\/2958\/6531988"}},"issued":{"date-parts":[[2022,2,18]]},"references-count":95,"journal-issue":{"issue":"6","published-online":{"date-parts":[[2022,2,18]]},"published-print":{"date-parts":[[2022,11,7]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdac008","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2022,11,1]]},"published":{"date-parts":[[2022,2,18]]}},{"indexed":{"date-parts":[[2026,6,1]],"date-time":"2026-06-01T21:48:50Z","timestamp":1780350530336,"version":"3.54.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1985,7]]},"DOI":"10.2307\/2297663","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:44:02Z","timestamp":1150418642000},"page":"443","source":"Crossref","is-referenced-by-count":148,"title":["Multinational Corporations and Trade Structure"],"prefix":"10.1093","volume":"52","author":[{"given":"Elhanan","family":"Helpman","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/52\/3\/443\/4365507\/52-3-443.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:36:44Z","timestamp":1503531404000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297663"}},"issued":{"date-parts":[[1985,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1985,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2297663","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1985,7]]}},{"indexed":{"date-parts":[[2026,6,2]],"date-time":"2026-06-02T13:24:16Z","timestamp":1780406656970,"version":"3.54.1"},"reference-count":83,"publisher":"Oxford University Press (OUP)","issue":"4","license":[{"start":{"date-parts":[[2024,11,1]],"date-time":"2024-11-01T00:00:00Z","timestamp":1730419200000},"content-version":"vor","delay-in-days":59,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"DOI":"10.13039\/501100000269","name":"ESRC","doi-asserted-by":"publisher","id":[{"id":"10.13039\/501100000269","id-type":"DOI","asserted-by":"publisher"}]},{"name":"Centre for the Microeconomic Analysis of Public Policy","award":["ES\/T014334\/1"],"award-info":[{"award-number":["ES\/T014334\/1"]}]},{"name":"Centre for Microdata Methods and Practice","award":["RES-589-28-0001"],"award-info":[{"award-number":["RES-589-28-0001"]}]},{"name":"Large Research","award":["ES\/P008909\/1"],"award-info":[{"award-number":["ES\/P008909\/1"]}]},{"DOI":"10.13039\/501100000781","name":"ERC","doi-asserted-by":"publisher","award":["SG338187"],"award-info":[{"award-number":["SG338187"]}],"id":[{"id":"10.13039\/501100000781","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2025,7,7]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>Social interactions determine many economic behaviours, but information on social ties does not exist in most publicly available and widely used datasets. We present results on the identification of social networks from observational panel data that contains no information on social ties between agents. In the context of a canonical social interactions model, we provide sufficient conditions under which the social interactions matrix, endogenous and exogenous social effect parameters are globally identified if networks are constant over time. We also provide an extension of the method for time-varying networks. We then describe how high-dimensional estimation techniques can be used to estimate the interactions model based on the adaptive elastic net Generalized Method of Moments. We employ the method to study tax competition across U.S. states. The identified social interactions matrix implies that tax competition differs markedly from the common assumption of competition between geographically neighbouring states, providing further insights into the long-standing debate on the relative roles of factor mobility and yardstick competition in driving tax setting behaviour across states. Most broadly, our identification and application show that the analysis of social interactions can be extended to economic realms where no network data exist.<\/jats:p>","DOI":"10.1093\/restud\/rdae088","type":"journal-article","created":{"date-parts":[[2024,9,3]],"date-time":"2024-09-03T10:11:50Z","timestamp":1725358310000},"page":"2691-2729","source":"Crossref","is-referenced-by-count":11,"title":["Identifying Network Ties from Panel Data: Theory and an Application to Tax Competition"],"prefix":"10.1093","volume":"92","author":[{"given":"\u00c1ureo","family":"de Paula","sequence":"first","affiliation":[{"name":"Department of Economics, University College London, CeMMAP and IFS ,","place":["UK"]}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Imran","family":"Rasul","sequence":"additional","affiliation":[{"name":"Department of Economics, University College London and IFS ,","place":["UK"]}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Pedro C L","family":"Souza","sequence":"additional","affiliation":[{"name":"School of Economics and Finance, Queen Mary University ,","place":["UK"]}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","published-online":{"date-parts":[[2024,9,3]]},"reference":[{"key":"2025101400465296900_rdae088-B1","doi-asserted-by":"crossref","first-page":"1977","DOI":"10.3982\/ECTA9623","article-title":"The Network Origins of Aggregate Fluctuations","volume":"80","author":"Acemoglu","year":"2012","journal-title":"Econometrica"},{"key":"2025101400465296900_rdae088-B2","doi-asserted-by":"crossref","first-page":"3","DOI":"10.1111\/j.1435-5957.2010.00279.x","article-title":"Thirty Years of Spatial Econometrics","volume":"89","author":"Anselin","year":"2010","journal-title":"Papers in Regional Science"},{"key":"2025101400465296900_rdae088-B3","first-page":"5199","article-title":"Network Structure of Production","volume":"108","author":"Atalay","year":"2011","journal-title":"Proceedings of the American Mathematical Society"},{"key":"2025101400465296900_rdae088-B4","doi-asserted-by":"crossref","first-page":"1403","DOI":"10.1111\/j.1468-0262.2006.00709.x","article-title":"Who\u2019s Who in Networks. Wanted: The Key Player","volume":"74","author":"Ballester","year":"2006","journal-title":"Econometrica"},{"key":"2025101400465296900_rdae088-B5","doi-asserted-by":"crossref","first-page":"1236498","DOI":"10.1126\/science.1236498","article-title":"The Diffusion of Microfinance","volume":"341","author":"Banerjee","year":"2013","journal-title":"Science"},{"key":"2025101400465296900_rdae088-B6","doi-asserted-by":"crossref","first-page":"1694","DOI":"10.1093\/restud\/rdab058","article-title":"Endogenous Social Interactions with Unobserved Networks","volume":"89","author":"Battaglini","year":"2022","journal-title":"The Review of Economic Studies"},{"key":"2025101400465296900_rdae088-B7","author":"Belloni","year":"2011"},{"key":"2025101400465296900_rdae088-B8","author":"Besley","year":"1994"},{"key":"2025101400465296900_rdae088-B9","first-page":"25","article-title":"Incumbent Behavior: Vote-Seeking, Tax-Setting, and Yardstick Competition","volume":"85","author":"Besley","year":"1995","journal-title":"American Economic Review"},{"key":"2025101400465296900_rdae088-B10","author":"Besley","year":"1995"},{"key":"2025101400465296900_rdae088-B11","author":"Blume","year":"2011"},{"key":"2025101400465296900_rdae088-B12","doi-asserted-by":"crossref","first-page":"444","DOI":"10.1086\/679496","article-title":"Linear Social Interactions Models","volume":"123","author":"Blume","year":"2015","journal-title":"Journal of Political Economy"},{"key":"2025101400465296900_rdae088-B13","author":"Bonaldi","year":"2015"},{"key":"2025101400465296900_rdae088-B14","doi-asserted-by":"crossref","first-page":"41","DOI":"10.1016\/j.jeconom.2008.12.021","article-title":"Identification of Peer Effects Through Social Networks","volume":"150","author":"Bramoull\u00e9","year":"2009","journal-title":"Journal of Econometrics"},{"key":"2025101400465296900_rdae088-B15","volume-title":"The Power to Tax: Analytical Foundations of a Fiscal Constitution","author":"Brennan","year":"1980"},{"key":"2025101400465296900_rdae088-B16","doi-asserted-by":"crossref","first-page":"2454","DOI":"10.1257\/aer.20170861","article-title":"Using Aggregated Relational Data to Feasibly Identify Network Structure Without Network Data","volume":"110","author":"Breza","year":"2020","journal-title":"American Economic Review"},{"key":"2025101400465296900_rdae088-B17","doi-asserted-by":"crossref","first-page":"1273","DOI":"10.3982\/ECTA11991","article-title":"Understanding Mechanisms Underlying Peer Effects: Evidence From a Field Experiment on Financial Decisions","volume":"82","author":"Bursztyn","year":"2014","journal-title":"Econometrica"},{"key":"2025101400465296900_rdae088-B18","doi-asserted-by":"crossref","first-page":"30","DOI":"10.1080\/07350015.2013.836104","article-title":"Adaptive Elastic Net for Generalized Method of Moments","volume":"32","author":"Caner","year":"2014","journal-title":"Journal of Business and Economic Statistics"},{"key":"2025101400465296900_rdae088-B19","author":"Case","year":"1989"},{"key":"2025101400465296900_rdae088-B20","author":"Chandrasekhar","year":"2016"},{"key":"2025101400465296900_rdae088-B21","doi-asserted-by":"crossref","first-page":"3600","DOI":"10.1257\/aer.104.11.3600","article-title":"The Network Structure of International Trade","volume":"104","author":"Chaney","year":"2014","journal-title":"American Economic Review"},{"key":"2025101400465296900_rdae088-B22","volume-title":"Introduction to Mathematical Sociology","author":"Coleman","year":"1964"},{"key":"2025101400465296900_rdae088-B23","doi-asserted-by":"crossref","first-page":"35","DOI":"10.1257\/aer.100.1.35","article-title":"Learning About a New Technology: Pineapple in Ghana","volume":"100","author":"Conley","year":"2010","journal-title":"American Economic Review"},{"key":"2025101400465296900_rdae088-B24","author":"Dahlhaus","year":"2012"},{"key":"2025101400465296900_rdae088-B25","first-page":"241","article-title":"Identification of Social Interactions Through Partially Overlapping Peer Groups","volume":"2","author":"De Giorgi","year":"2010","journal-title":"American Economic Journal: Applied Economics"},{"key":"2025101400465296900_rdae088-B27","author":"de Paula","year":"2017"},{"key":"2025101400465296900_rdae088-B28","doi-asserted-by":"crossref","first-page":"263","DOI":"10.3982\/ECTA13564","article-title":"Identifying Preferences in Networks with Bounded Degree","volume":"86","author":"de Paula","year":"2018","journal-title":"Econometrica"},{"key":"2025101400465296900_rdae088-B26","author":"DellaVigna","year":"2022"},{"key":"2025101400465296900_rdae088-B29","doi-asserted-by":"crossref","first-page":"1232","DOI":"10.1257\/jel.20161153","article-title":"Executive Compensation: A Modern Primer","volume":"54","author":"Edmans","year":"2016","journal-title":"Journal of Economic Literature"},{"key":"2025101400465296900_rdae088-B30","doi-asserted-by":"crossref","first-page":"407","DOI":"10.1214\/009053604000000067","article-title":"Least Angle Regression","volume":"32","author":"Efron","year":"2004","journal-title":"The Annals of Statistics"},{"key":"2025101400465296900_rdae088-B31","doi-asserted-by":"crossref","first-page":"665","DOI":"10.1146\/annurev-economics-051520-021647","article-title":"Networks and Economic Fragility","volume":"14","author":"Elliott","year":"2022","journal-title":"Annual Review of Economics"},{"key":"2025101400465296900_rdae088-B32","doi-asserted-by":"crossref","first-page":"2275","DOI":"10.1257\/aer.20200412","article-title":"Security Transitions","volume":"111","author":"Fetzer","year":"2021","journal-title":"American Economic Review"},{"key":"2025101400465296900_rdae088-B33","author":"Findley","year":"2012"},{"key":"2025101400465296900_rdae088-B34","author":"Gautier","year":"2016"},{"key":"2025101400465296900_rdae088-B35","author":"Gautier","year":"2014"},{"key":"2025101400465296900_rdae088-B36","author":"Gefang","year":"2023"},{"key":"2025101400465296900_rdae088-B37","author":"Goldstein","year":"2022"},{"key":"2025101400465296900_rdae088-B38","doi-asserted-by":"crossref","first-page":"1360","DOI":"10.1086\/225469","article-title":"The Strength of Weak Ties","volume":"78","author":"Granovetter","year":"1973","journal-title":"American Journal of Sociology"},{"key":"2025101400465296900_rdae088-B82","doi-asserted-by":"crossref","first-page":"1029","DOI":"10.2307\/1912775","article-title":"Large Sample Properties of Generalized Method of Moments Estimators","volume":"50","author":"Hansen","year":"1982","journal-title":"Econometrica: Journal of the Econometric Society"},{"key":"2025101400465296900_rdae088-B39","doi-asserted-by":"crossref","first-page":"757","DOI":"10.1111\/j.2517-6161.1993.tb01939.x","article-title":"Varying-Coefficient Models","volume":"55","author":"Hastie","year":"1993","journal-title":"Journal of the Royal Statistical Society. Series B (Methodological)"},{"key":"2025101400465296900_rdae088-B40","doi-asserted-by":"crossref","first-page":"1090","DOI":"10.1198\/016214502388618906","article-title":"Latent Space Approaches to Social Network Analysis","volume":"97","author":"Hoff","year":"2002","journal-title":"Journal of the American Statistical Association"},{"key":"2025101400465296900_rdae088-B41","doi-asserted-by":"crossref","first-page":"33","DOI":"10.1080\/01621459.1981.10477598","article-title":"An Exponential Family of Probability Distributions for Directed Graphs","volume":"76","author":"Holland","year":"1981","journal-title":"Journal of the American Statistical Association"},{"key":"2025101400465296900_rdae088-B42","volume-title":"Matrix Analysis","author":"Horn","year":"2013"},{"key":"2025101400465296900_rdae088-B43","doi-asserted-by":"crossref","first-page":"49","DOI":"10.1257\/jel.20150694","article-title":"The Economic Consequences of Social Network Structure","volume":"55","author":"Jackson","year":"2017","journal-title":"Journal of Economic Literature"},{"key":"2025101400465296900_rdae088-B44","doi-asserted-by":"crossref","first-page":"44","DOI":"10.1006\/jeth.1996.0108","article-title":"A Strategic Model of Social and Economic Networks","volume":"71","author":"Jackson","year":"1996","journal-title":"Journal of Economic Theory"},{"key":"2025101400465296900_rdae088-B45","doi-asserted-by":"crossref","first-page":"89","DOI":"10.1016\/j.jpubeco.2013.07.004","article-title":"Tax and the City \u2013 A Theory of Local Tax Competition","volume":"106","author":"Janeba","year":"2013","journal-title":"Journal of Public Economics"},{"key":"2025101400465296900_rdae088-B46","doi-asserted-by":"crossref","first-page":"103705","DOI":"10.1016\/j.jedc.2019.05.012","article-title":"A Time-Varying Parameter Structural Model of the UK Economy","volume":"106","author":"Kapetanios","year":"2019","journal-title":"Journal of Economic Dynamics and Control"},{"key":"2025101400465296900_rdae088-B47","doi-asserted-by":"crossref","first-page":"329","DOI":"10.3982\/QE399","article-title":"Bayesian Inference in a Class of Partially Identified Models","volume":"7","author":"Kline","year":"2016","journal-title":"Quantitative Economics"},{"key":"2025101400465296900_rdae088-B48","doi-asserted-by":"crossref","DOI":"10.1007\/978-1-4614-5981-1","volume-title":"The Implicit Function Theorem","author":"Krantz","year":"2013"},{"key":"2025101400465296900_rdae088-B49","doi-asserted-by":"crossref","first-page":"1092","DOI":"10.1093\/restud\/rdw009","article-title":"Should Unemployment Insurance Vary with the Unemployment Rate? Theory and Evidence","volume":"83","author":"Kroft","year":"2016","journal-title":"The Review of Economic Studies"},{"key":"2025101400465296900_rdae088-B50","doi-asserted-by":"crossref","first-page":"1347","DOI":"10.1080\/07474938.2015.1085775","article-title":"Detection and Estimation of Block Structure in Spatial Weight Matrix","volume":"35","author":"Lam","year":"2016","journal-title":"Econometric Reviews"},{"key":"2025101400465296900_rdae088-B51","doi-asserted-by":"crossref","first-page":"693","DOI":"10.1080\/07350015.2019.1569526","article-title":"Estimation and Selection of Spatial Weight Matrix in a Spatial lag Model","volume":"38","author":"Lam","year":"2020","journal-title":"Journal of Business & Economic Statistics"},{"key":"2025101400465296900_rdae088-B52","first-page":"531","article-title":"Identification and Estimation of Econometric Models with Group Interactions, Contextual Factors and Fixed Effects","volume":"60","author":"Lee","year":"2007","journal-title":"Journal of Econometrics"},{"key":"2025101400465296900_rdae088-B53","doi-asserted-by":"crossref","first-page":"898","DOI":"10.1086\/722090","article-title":"Social Networks with Unobserved Links","volume":"131","author":"Lewbel","year":"2023","journal-title":"Journal of Political Economy"},{"key":"2025101400465296900_rdae088-B54","author":"Manresa","year":"2016"},{"key":"2025101400465296900_rdae088-B55","doi-asserted-by":"crossref","first-page":"531","DOI":"10.2307\/2298123","article-title":"Identification of Endogenous Social Effects: The Reflection Problem","volume":"60","author":"Manski","year":"1993","journal-title":"The Review of Economic Studies"},{"key":"2025101400465296900_rdae088-B56","doi-asserted-by":"crossref","first-page":"1436","DOI":"10.1214\/009053606000000281","article-title":"High-Dimensional Graphs and Variable Selection with the Lasso","volume":"34","author":"Meinshausen","year":"2006","journal-title":"The Annals of Statistics"},{"key":"2025101400465296900_rdae088-B57","doi-asserted-by":"crossref","first-page":"290","DOI":"10.1016\/j.socnet.2010.04.003","article-title":"Structure and Bias in the Network Autocorrelation Model","volume":"32","author":"Neuman","year":"2010","journal-title":"Social Networks"},{"key":"2025101400465296900_rdae088-B83","doi-asserted-by":"crossref","first-page":"2111","DOI":"10.1016\/S1573-4412(05)80005-4","article-title":"Large Sample Estimation and Hypothesis Testing","volume":"4","author":"Newey","year":"1994","journal-title":"Handbook of Econometrics"},{"key":"2025101400465296900_rdae088-B58","doi-asserted-by":"crossref","first-page":"333","DOI":"10.1016\/0047-2727(88)90036-9","article-title":"Economic Competition Among Jurisdictions: Efficiency-Enhancing or Distortion-Inducing?","volume":"35","author":"Oates","year":"1988","journal-title":"Journal of Public Economics"},{"key":"2025101400465296900_rdae088-B59","author":"Rose","year":"2015"},{"key":"2025101400465296900_rdae088-B60","doi-asserted-by":"crossref","first-page":"343","DOI":"10.1093\/restud\/rdz021","article-title":"External Validity in a Stochastic World: Evidence from Low-Income Countries","volume":"87","author":"Rosenzweig","year":"2020","journal-title":"The Review of Economic Studies"},{"key":"2025101400465296900_rdae088-B61","doi-asserted-by":"crossref","first-page":"577","DOI":"10.2307\/1913267","article-title":"Identification in Parametric Models","volume":"39","author":"Rothenberg","year":"1971","journal-title":"Econometrica"},{"key":"2025101400465296900_rdae088-B62","author":"Rothenh\u00e4usler","year":"2015"},{"key":"2025101400465296900_rdae088-B63","doi-asserted-by":"crossref","first-page":"681","DOI":"10.1162\/00335530151144131","article-title":"Peer Effects with Random Assignment: Results for Dartmouth Roommates","volume":"116","author":"Sacerdote","year":"2001","journal-title":"The Quarterly Journal of Economics"},{"key":"2025101400465296900_rdae088-B64","doi-asserted-by":"crossref","first-page":"319","DOI":"10.2307\/2555560","article-title":"A Theory of Yardstick Competition","volume":"16","author":"Shleifer","year":"1985","journal-title":"The RAND Journal of Economics"},{"key":"2025101400465296900_rdae088-B65","doi-asserted-by":"crossref","first-page":"307","DOI":"10.1111\/j.1538-4632.2009.00758.x","article-title":"Estimation Bias in Spatial Models with Strongly Connected Weight Matrices","volume":"41","author":"Smith","year":"2009","journal-title":"Geographical Analysis"},{"key":"2025101400465296900_rdae088-B66","doi-asserted-by":"crossref","first-page":"1198","DOI":"10.1214\/12-AOS1003","article-title":"Degrees of Freedom in Lasso Problems","volume":"40","author":"Tibshirani","year":"2012","journal-title":"The Annals of Statistics"},{"key":"2025101400465296900_rdae088-B67","doi-asserted-by":"crossref","first-page":"416","DOI":"10.1086\/257839","article-title":"A Pure Theory of Local Expenditures","volume":"64","author":"Tiebout","year":"1956","journal-title":"Journal of Political Economy"},{"key":"2025101400465296900_rdae088-B68","author":"U.S. Bureau of Economic Analysis","year":"2017"},{"key":"2025101400465296900_rdae088-B69","author":"U.S. Bureau of Labor Statistics","year":"2017"},{"key":"2025101400465296900_rdae088-B70","author":"U.S. Census Bureau","year":"2016"},{"key":"2025101400465296900_rdae088-B71","author":"U.S. Census Bureau","year":"2016"},{"key":"2025101400465296900_rdae088-B72","author":"van Vliet","year":"2018"},{"key":"2025101400465296900_rdae088-B73","doi-asserted-by":"crossref","first-page":"88","DOI":"10.1016\/j.socnet.2014.03.004","article-title":"Statistical Power of the Social Network Autocorrelation Model","volume":"38","author":"Wang","year":"2014","journal-title":"Social Networks"},{"key":"2025101400465296900_rdae088-B74","author":"Wikipedia","year":"2017"},{"key":"2025101400465296900_rdae088-B75","doi-asserted-by":"crossref","first-page":"296","DOI":"10.1016\/0094-1190(86)90045-8","article-title":"A Theory of Interregional Tax Competition","volume":"19","author":"Wilson","year":"1986","journal-title":"Journal of Urban Economics"},{"key":"2025101400465296900_rdae088-B76","doi-asserted-by":"crossref","first-page":"269","DOI":"10.1086\/NTJ41789394","article-title":"Theories of Tax Competition","volume":"52","author":"Wilson","year":"1999","journal-title":"National Tax Journal"},{"key":"2025101400465296900_rdae088-B77","doi-asserted-by":"crossref","first-page":"50","DOI":"10.1016\/j.econlet.2019.04.007","article-title":"A Network Social Interaction Model with Heterogeneous Links","volume":"180","author":"Zhou","year":"2019","journal-title":"Economics Letters"},{"key":"2025101400465296900_rdae088-B78","doi-asserted-by":"crossref","first-page":"1418","DOI":"10.1198\/016214506000000735","article-title":"The Adaptive Lasso and Its Oracle Properties","volume":"101","author":"Zou","year":"2006","journal-title":"Journal of the American Statistical Association"},{"key":"2025101400465296900_rdae088-B79","doi-asserted-by":"crossref","first-page":"301","DOI":"10.1111\/j.1467-9868.2005.00503.x","article-title":"Regularization and Variable Selection via the Elastic Net","volume":"67","author":"Zou","year":"2005","journal-title":"Journal of the Royal Statistical Society: Series B (Statistical Methodology)"},{"key":"2025101400465296900_rdae088-B80","doi-asserted-by":"crossref","first-page":"2173","DOI":"10.1214\/009053607000000127","article-title":"On the \u201cDegrees of Freedom\u201d of the LASSO","volume":"35","author":"Zou","year":"2007","journal-title":"The Annals of Statistics"},{"key":"2025101400465296900_rdae088-B81","doi-asserted-by":"crossref","first-page":"1733","DOI":"10.1214\/08-AOS625","article-title":"On the Adaptive Elastic-Net with a Diverging Number of Parameters","volume":"37","author":"Zou","year":"2009","journal-title":"The Annals of Statistics"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdae088\/60289913\/rdae088.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/92\/4\/2691\/60289913\/rdae088.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/92\/4\/2691\/60289913\/rdae088.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,10,14]],"date-time":"2025-10-14T04:47:07Z","timestamp":1760417227000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/92\/4\/2691\/7748054"}},"issued":{"date-parts":[[2024,9,3]]},"references-count":83,"journal-issue":{"issue":"4","published-online":{"date-parts":[[2024,9,3]]},"published-print":{"date-parts":[[2025,7,7]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdae088","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2025,7]]},"published":{"date-parts":[[2024,9,3]]}},{"indexed":{"date-parts":[[2026,6,2]],"date-time":"2026-06-02T13:44:16Z","timestamp":1780407856119,"version":"3.54.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1991,4]]},"DOI":"10.2307\/2297975","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T21:09:22Z","timestamp":1150405762000},"page":"399","source":"Crossref","is-referenced-by-count":85,"title":["Uniqueness of Cournot Equilibrium: New Results from Old Methods"],"prefix":"10.1093","volume":"58","author":[{"given":"Gerard","family":"Gaudet","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Stephen W.","family":"Salant","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/58\/2\/399\/4454525\/58-2-399.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T19:16:06Z","timestamp":1503515766000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297975"}},"issued":{"date-parts":[[1991,4]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1991,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2297975","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1991,4]]}},{"indexed":{"date-parts":[[2026,6,2]],"date-time":"2026-06-02T03:52:22Z","timestamp":1780372342248,"version":"3.54.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1988,10]]},"DOI":"10.2307\/2297404","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T21:03:32Z","timestamp":1150405412000},"page":"541","source":"Crossref","is-referenced-by-count":277,"title":["Self-Enforcing Wage Contracts"],"prefix":"10.1093","volume":"55","author":[{"given":"Jonathan","family":"Thomas","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Tim","family":"Worrall","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/55\/4\/541\/4500705\/55-4-541.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T21:47:19Z","timestamp":1503524839000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297404"}},"issued":{"date-parts":[[1988,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1988,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2297404","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1988,10]]}},{"indexed":{"date-parts":[[2026,6,2]],"date-time":"2026-06-02T07:11:36Z","timestamp":1780384296549,"version":"3.54.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1937,2]]},"DOI":"10.2307\/2967612","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:32:07Z","timestamp":1150414327000},"page":"155","source":"Crossref","is-referenced-by-count":1435,"title":["A Note on Measurement of Utility"],"prefix":"10.1093","volume":"4","author":[{"given":"Paul A.","family":"Samuelson","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/4\/2\/155\/4345109\/4-2-155.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:33:43Z","timestamp":1503534823000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2967612"}},"issued":{"date-parts":[[1937,2]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1937,2]]}},"URL":"https:\/\/doi.org\/10.2307\/2967612","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1937,2]]}},{"indexed":{"date-parts":[[2026,6,2]],"date-time":"2026-06-02T20:59:25Z","timestamp":1780433965082,"version":"3.54.1"},"reference-count":74,"publisher":"Oxford University Press (OUP)","issue":"4","license":[{"start":{"date-parts":[[2023,8,22]],"date-time":"2023-08-22T00:00:00Z","timestamp":1692662400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/pages\/standard-publication-reuse-rights"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2024,7,5]]},"abstract":"<jats:title>Abstract<\/jats:title>\n               <jats:p>The decisions of judges, lenders, journal editors, and other gatekeepers often lead to significant disparities across affected groups. An important question is whether, and to what extent, these group-level disparities are driven by relevant differences in underlying individual characteristics or by biased decision makers. Becker (1957, 1993) proposed an outcome test of bias based on differences in post-decision outcomes across groups, inspiring a large and growing empirical literature. The goal of our paper is to offer a methodological blueprint for empirical work that seeks to use outcome tests to detect bias. We show that models of decision making underpinning outcome tests can be usefully recast as Roy models, since heterogeneous potential outcomes enter directly into the decision maker\u2019s choice equation. Different members of the Roy model family, however, are distinguished by the tightness of the link between potential outcomes and decisions. We show that these distinctions have important implications for defining bias, deriving logically valid outcome tests of such bias, and identifying the marginal outcomes that the test requires.<\/jats:p>","DOI":"10.1093\/restud\/rdad082","type":"journal-article","created":{"date-parts":[[2023,8,22]],"date-time":"2023-08-22T19:11:59Z","timestamp":1692731519000},"page":"2135-2167","source":"Crossref","is-referenced-by-count":16,"title":["On the Use of Outcome Tests for Detecting Bias in Decision Making"],"prefix":"10.1093","volume":"91","author":[{"given":"Ivan A","family":"Canay","sequence":"first","affiliation":[{"name":"Department of Economics, Northwestern University , USA"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Magne","family":"Mogstad","sequence":"additional","affiliation":[{"name":"Department of Economics, University of Chicago and NBER , USA"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Jack","family":"Mountjoy","sequence":"additional","affiliation":[{"name":"Booth School of Business, University of Chicago and NBER , USA"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","published-online":{"date-parts":[[2023,8,22]]},"reference":[{"key":"2024070508400447300_rdad082-B1","doi-asserted-by":"crossref","first-page":"3397","DOI":"10.1257\/aer.104.11.3397","article-title":"A Test of Racial Bias in Capital Sentencing","volume":"104","author":"Alesina","year":"2014","journal-title":"American Economic Review"},{"key":"2024070508400447300_rdad082-B2","volume-title":"ABA Standards for Criminal Justice: Pretrial Release","author":"American Bar Association","year":"2007","edition":"3rd edn"},{"key":"2024070508400447300_rdad082-B3","doi-asserted-by":"crossref","first-page":"163","DOI":"10.1162\/rest.91.1.163","article-title":"A New Look at Racial Profiling: Evidence from the Boston Police Department","volume":"91","author":"Antonovics","year":"2009","journal-title":"The Review of Economics and Statistics"},{"key":"2024070508400447300_rdad082-B4","doi-asserted-by":"crossref","first-page":"1017","DOI":"10.1093\/qje\/qjs014","article-title":"The Impact of Jury Race in Criminal Trials","volume":"127","author":"Anwar","year":"2012","journal-title":"The Quarterly Journal of Economics"},{"key":"2024070508400447300_rdad082-B5","doi-asserted-by":"crossref","first-page":"127","DOI":"10.1257\/000282806776157579","article-title":"An Alternative Test of Racial Prejudice in Motor Vehicle Searches: Theory and Evidence","volume":"96","author":"Anwar","year":"2006","journal-title":"American Economic Review"},{"key":"2024070508400447300_rdad082-B6","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1515\/1935-1682.3247","article-title":"Testing for the Role of Prejudice in Emergency Departments Using Bounceback Rates","volume":"13","author":"Anwar","year":"2012","journal-title":"The B.E. Journal of Economic Analysis & Policy"},{"key":"2024070508400447300_rdad082-B7","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1086\/680994","article-title":"Testing for Racial Prejudice in the Parole Board Release Process: Theory and Evidence","volume":"44","author":"Anwar","year":"2015","journal-title":"The Journal of Legal Studies"},{"key":"2024070508400447300_rdad082-B8","doi-asserted-by":"crossref","first-page":"133","DOI":"10.1086\/713744","article-title":"Legacy and Athlete Preferences at Harvard","volume":"40","author":"Arcidiacono","year":"2021","journal-title":"Journal of Labor Economics"},{"key":"2024070508400447300_rdad082-B9","doi-asserted-by":"crossref","first-page":"3","DOI":"10.1257\/jel.54.1.3","article-title":"Affirmative Action and the Quality-Fit Trade-Off","volume":"54","author":"Arcidiacono","year":"2016","journal-title":"Journal of Economic Literature"},{"key":"2024070508400447300_rdad082-B10","author":"Arnold","year":"2022"},{"key":"2024070508400447300_rdad082-B11","doi-asserted-by":"crossref","first-page":"1885","DOI":"10.1093\/qje\/qjy012","article-title":"Racial Bias in Bail Decisions","volume":"133","author":"Arnold","year":"2018","journal-title":"The Quarterly Journal of Economics"},{"key":"2024070508400447300_rdad082-B12","author":"Arnold","year":"2020"},{"key":"2024070508400447300_rdad082-B13","author":"Arrow","year":"1973"},{"key":"2024070508400447300_rdad082-B14","author":"Ash","year":"2022"},{"key":"2024070508400447300_rdad082-B15","doi-asserted-by":"crossref","first-page":"131","DOI":"10.3818\/JRP.4.1.2002.131","article-title":"Outcome Tests of Racial Disparities in Police Practices","volume":"4","author":"Ayres","year":"2002","journal-title":"Justice Research and Policy"},{"key":"2024070508400447300_rdad082-B16","doi-asserted-by":"crossref","first-page":"987","DOI":"10.2307\/1229062","article-title":"A Market Test for Race Discrimination in Bail Setting","volume":"46","author":"Ayres","year":"1994","journal-title":"Stanford Law Review"},{"key":"2024070508400447300_rdad082-B17","volume-title":"The Economics of Discrimination","author":"Becker","year":"1957"},{"key":"2024070508400447300_rdad082-B18","doi-asserted-by":"crossref","first-page":"385","DOI":"10.1086\/261880","article-title":"Nobel Lecture: The Economic Way of Looking at Behavior","volume":"101","author":"Becker","year":"1993","journal-title":"Journal of Political Economy"},{"key":"2024070508400447300_rdad082-B19","doi-asserted-by":"crossref","first-page":"2369","DOI":"10.3982\/ECTA9626","article-title":"Sparse Models and Methods for Optimal Instruments With an Application to Eminent Domain","volume":"80","author":"Belloni","year":"2012","journal-title":"Econometrica"},{"key":"2024070508400447300_rdad082-B20","doi-asserted-by":"crossref","first-page":"263","DOI":"10.1007\/BF01099279","article-title":"Race, Redlining, and Residential Mortgage Loan Performance","volume":"9","author":"Berkovec","year":"1994","journal-title":"The Journal of Real Estate Finance and Economics"},{"key":"2024070508400447300_rdad082-B21","author":"Bertrand","year":"2017"},{"key":"2024070508400447300_rdad082-B22","author":"Bhattacharya","year":"2022"},{"key":"2024070508400447300_rdad082-B23","doi-asserted-by":"crossref","first-page":"1269","DOI":"10.1086\/705330","article-title":"Incarceration, Recidivism, and Employment","volume":"128","author":"Bhuller","year":"2020","journal-title":"Journal of Political Economy"},{"key":"2024070508400447300_rdad082-B24","doi-asserted-by":"crossref","first-page":"521","DOI":"10.1111\/j.1467-9779.2007.00318.x","article-title":"Racial Profiling, Statistical Discrimination, and the Effect of a Colorblind Policy on the Crime Rate","volume":"9","author":"Bjerk","year":"2007","journal-title":"Journal of Public Economic Theory"},{"key":"2024070508400447300_rdad082-B25","doi-asserted-by":"crossref","first-page":"42","DOI":"10.2307\/1937899","article-title":"The Estimation of Wage Gains and Welfare Gains in Self-selection Models","volume":"69","author":"Bj\u00f6rklund","year":"1987","journal-title":"The Review of Economics and Statistics"},{"key":"2024070508400447300_rdad082-B26","doi-asserted-by":"crossref","first-page":"115","DOI":"10.1093\/qje\/qjab027","article-title":"Affirmative Action, Mismatch, and Economic Mobility After California\u2019s Proposition 209","volume":"137","author":"Bleemer","year":"2022","journal-title":"The Quarterly Journal of Economics"},{"key":"2024070508400447300_rdad082-B27","author":"Bohren","year":"2021"},{"key":"2024070508400447300_rdad082-B28","doi-asserted-by":"crossref","first-page":"66","DOI":"10.1016\/j.jeconom.2011.06.006","article-title":"On the Observational Implications of Taste-Based Discrimination in Racial Profiling","volume":"166","author":"Brock","year":"2012","journal-title":"Journal of Econometrics"},{"key":"2024070508400447300_rdad082-B29","doi-asserted-by":"crossref","first-page":"195","DOI":"10.1162\/rest_a_00839","article-title":"What Do Editors Maximize? Evidence from Four Economics Journals","volume":"102","author":"Card","year":"2020","journal-title":"The Review of Economics and Statistics"},{"key":"2024070508400447300_rdad082-B30","doi-asserted-by":"crossref","first-page":"269","DOI":"10.1093\/qje\/qjz035","article-title":"Are Referees and Editors in Economics Gender Neutral?","volume":"135","author":"Card","year":"2020","journal-title":"The Quarterly Journal of Economics"},{"key":"2024070508400447300_rdad082-B31","doi-asserted-by":"crossref","first-page":"479","DOI":"10.1146\/annurev.economics.102308.124448","article-title":"Studying Discrimination: Fundamental Challenges and Recent Progress","volume":"3","author":"Charles","year":"2011","journal-title":"Annual Review of Economics"},{"key":"2024070508400447300_rdad082-B32","doi-asserted-by":"crossref","first-page":"1711","DOI":"10.1093\/qje\/qju019","article-title":"Family Welfare Cultures","volume":"129","author":"Dahl","year":"2014","journal-title":"The Quarterly Journal of Economics"},{"key":"2024070508400447300_rdad082-B33","doi-asserted-by":"crossref","first-page":"1","DOI":"10.2202\/1538-0645.1310","article-title":"Racial Bias in Motor Vehicle Searches: Additional Theory and Evidence","volume":"3","author":"Dharmapala","year":"2004","journal-title":"Contributions in Economic Analysis & Policy"},{"key":"2024070508400447300_rdad082-B34","doi-asserted-by":"crossref","first-page":"95","DOI":"10.1016\/j.jeconom.2013.01.005","article-title":"Inference on an Extended Roy Model, with an Application to Schooling Decisions in France","volume":"174","author":"D\u2019Haultf\u0153uille","year":"2013","journal-title":"Journal of Econometrics"},{"key":"2024070508400447300_rdad082-B35","doi-asserted-by":"crossref","first-page":"201","DOI":"10.1257\/aer.20161503","article-title":"The Effects of Pretrial Detention on Conviction, Future Crime, and Employment: Evidence from Randomly Assigned Judges","volume":"108","author":"Dobbie","year":"2018","journal-title":"American Economic Review"},{"key":"2024070508400447300_rdad082-B36","doi-asserted-by":"crossref","first-page":"2799","DOI":"10.1093\/restud\/rdaa078","article-title":"Measuring Bias in Consumer Lending","volume":"88","author":"Dobbie","year":"2021","journal-title":"The Review of Economic Studies"},{"key":"2024070508400447300_rdad082-B37","doi-asserted-by":"crossref","first-page":"1272","DOI":"10.1257\/aer.20130612","article-title":"Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy Protection","volume":"105","author":"Dobbie","year":"2015","journal-title":"American Economic Review"},{"key":"2024070508400447300_rdad082-B38","doi-asserted-by":"crossref","first-page":"F368","DOI":"10.1111\/j.1468-0297.2006.01127.x","article-title":"Crime Minimisation and Racial Bias: What Can We Learn from Police Search Data?","volume":"116","author":"Dominitz","year":"2006","journal-title":"The Economic Journal"},{"key":"2024070508400447300_rdad082-B39","doi-asserted-by":"crossref","first-page":"1583","DOI":"10.1257\/aer.97.5.1583","article-title":"Child Protection and Child Outcomes: Measuring the Effects of Foster Care","volume":"97","author":"Doyle","year":"2007","journal-title":"American Economic Review"},{"key":"2024070508400447300_rdad082-B40","doi-asserted-by":"crossref","first-page":"746","DOI":"10.1086\/590216","article-title":"Child Protection and Adult Crime: Using Investigator Assignment to Estimate Causal Effects of Foster Care","volume":"116","author":"Doyle","year":"2008","journal-title":"Journal of Political Economy"},{"key":"2024070508400447300_rdad082-B41","doi-asserted-by":"crossref","first-page":"1210","DOI":"10.1086\/701423","article-title":"An Empirical Analysis of Racial Differences in Police Use of Force","volume":"127","author":"Fryer","year":"2019","journal-title":"Journal of Political Economy"},{"key":"2024070508400447300_rdad082-B42","doi-asserted-by":"crossref","first-page":"317","DOI":"10.1093\/qje\/qju029","article-title":"Patents and Cumulative Innovation: Causal Evidence from the Courts","volume":"130","author":"Galasso","year":"2015","journal-title":"The Quarterly Journal of Economics"},{"key":"2024070508400447300_rdad082-B43","doi-asserted-by":"crossref","first-page":"101","DOI":"10.1257\/jep.12.2.101","article-title":"Detecting Discrimination","volume":"12","author":"Heckman","year":"1998","journal-title":"Journal of Economic Perspectives"},{"key":"2024070508400447300_rdad082-B44","doi-asserted-by":"crossref","first-page":"356","DOI":"10.1257\/jel.48.2.356","article-title":"Building Bridges Between Structural and Program Evaluation Approaches to Evaluating Policy","volume":"48","author":"Heckman","year":"2010","journal-title":"Journal of Economic Literature"},{"key":"2024070508400447300_rdad082-B45","doi-asserted-by":"crossref","first-page":"1017","DOI":"10.2307\/2999630","article-title":"Characterizing Selection Bias Using Experimental Data","volume":"66","author":"Heckman","year":"1998","journal-title":"Econometrica"},{"key":"2024070508400447300_rdad082-B46","author":"Heckman","year":"2001"},{"key":"2024070508400447300_rdad082-B47","doi-asserted-by":"crossref","first-page":"669","DOI":"10.1111\/j.1468-0262.2005.00594.x","article-title":"Structural Equations, Treatment Effects, and Econometric Policy Evaluation","volume":"73","author":"Heckman","year":"2005","journal-title":"Econometrica"},{"key":"2024070508400447300_rdad082-B48","author":"Heckman","year":"2007"},{"key":"2024070508400447300_rdad082-B49","author":"Hengel","year":"2020"},{"key":"2024070508400447300_rdad082-B50","doi-asserted-by":"crossref","first-page":"959","DOI":"10.1111\/j.0020-6598.2004.00293.x","article-title":"Racial Profiling or Racist Policing? Bounds Tests In Aggregate Data","volume":"45","author":"Hern\u00e1ndez-Murillo","year":"2004","journal-title":"International Economic Review"},{"key":"2024070508400447300_rdad082-B51","author":"Hull","year":"2021"},{"key":"2024070508400447300_rdad082-B52","doi-asserted-by":"crossref","first-page":"467","DOI":"10.2307\/2951620","article-title":"Identification and Estimation of Local Average Treatment Effects","volume":"62","author":"Imbens","year":"1994","journal-title":"Econometrica"},{"key":"2024070508400447300_rdad082-B53","first-page":"237","article-title":"Human Decisions and Machine Predictions","volume":"133","author":"Kleinberg","year":"2018","journal-title":"The Quarterly Journal of Economics"},{"key":"2024070508400447300_rdad082-B54","doi-asserted-by":"crossref","first-page":"863","DOI":"10.1257\/aer.96.3.863","article-title":"Incarceration Length, Employment, and Earnings","volume":"96","author":"Kling","year":"2006","journal-title":"American Economic Review"},{"key":"2024070508400447300_rdad082-B55","doi-asserted-by":"crossref","first-page":"623","DOI":"10.1086\/696150","article-title":"When the Shadow Is the Substance: Judge Gender and the Outcomes of Workplace Sex Discrimination Cases","volume":"36","author":"Knepper","year":"2018","journal-title":"Journal of Labor Economics"},{"key":"2024070508400447300_rdad082-B56","doi-asserted-by":"crossref","first-page":"203","DOI":"10.1086\/318603","article-title":"Racial Bias in Motor Vehicle Searches: Theory and Evidence","volume":"109","author":"Knowles","year":"2001","journal-title":"Journal of Political Economy"},{"key":"2024070508400447300_rdad082-B57","doi-asserted-by":"crossref","first-page":"68","DOI":"10.1257\/jep.34.2.68","article-title":"Race Discrimination: An Economic Perspective","volume":"34","author":"Lang","year":"2020","journal-title":"Journal of Economic Perspectives"},{"key":"2024070508400447300_rdad082-B58","doi-asserted-by":"crossref","first-page":"529","DOI":"10.1086\/695285","article-title":"The Unintended Impact of Pretrial Detention on Case Outcomes: Evidence from New York City Arraignments","volume":"60","author":"Leslie","year":"2017","journal-title":"The Journal of Law and Economics"},{"key":"2024070508400447300_rdad082-B59","doi-asserted-by":"crossref","first-page":"1797","DOI":"10.1257\/aer.103.5.1797","article-title":"Does Disability Insurance Receipt Discourage Work? Using Examiner Assignment to Estimate Causal Effects of SSDI Receipt","volume":"103","author":"Maestas","year":"2013","journal-title":"American Economic Review"},{"key":"2024070508400447300_rdad082-B60","doi-asserted-by":"crossref","first-page":"F385","DOI":"10.1111\/j.1468-0297.2006.01128.x","article-title":"Search Profiling with Partial Knowledge of Deterrence","volume":"116","author":"Manski","year":"2006","journal-title":"The Economic Journal"},{"key":"2024070508400447300_rdad082-B61","doi-asserted-by":"crossref","first-page":"42","DOI":"10.1093\/jleo\/ewab002","article-title":"An Absolute Test of Racial Prejudice","volume":"38","author":"Marx","year":"2022","journal-title":"The Journal of Law, Economics, and Organization"},{"key":"2024070508400447300_rdad082-B62","doi-asserted-by":"crossref","first-page":"39","DOI":"10.1086\/680988","article-title":"Assessing Racial Disparities in Parole Release","volume":"44","author":"Mechoulan","year":"2015","journal-title":"The Journal of Legal Studies"},{"key":"2024070508400447300_rdad082-B63","doi-asserted-by":"crossref","first-page":"1589","DOI":"10.3982\/ECTA15463","article-title":"Using Instrumental Variables for Inference About Policy Relevant Treatment Parameters","volume":"86","author":"Mogstad","year":"2018","journal-title":"Econometrica"},{"key":"2024070508400447300_rdad082-B64","author":"Mountjoy","year":"2021"},{"key":"2024070508400447300_rdad082-B65","doi-asserted-by":"crossref","first-page":"1472","DOI":"10.1257\/000282802762024593","article-title":"Racial Profiling, Fairness, and Effectiveness of Policing","volume":"92","author":"Persico","year":"2002","journal-title":"American Economic Review"},{"key":"2024070508400447300_rdad082-B66","doi-asserted-by":"crossref","first-page":"229","DOI":"10.1146\/annurev.economics.050708.143307","article-title":"Racial Profiling? Detecting Bias Using Statistical Evidence","volume":"1","author":"Persico","year":"2009","journal-title":"Annual Review of Economics"},{"key":"2024070508400447300_rdad082-B67","doi-asserted-by":"crossref","first-page":"F351","DOI":"10.1111\/j.1468-0297.2006.01126.x","article-title":"Generalising the Hit Rates Test for Racial Bias in Law Enforcement, with an Application to Vehicle Searches in Wichita","volume":"116","author":"Persico","year":"2006","journal-title":"The Economic Journal"},{"key":"2024070508400447300_rdad082-B68","doi-asserted-by":"crossref","first-page":"547","DOI":"10.2307\/3003571","article-title":"An Investigation of Sex Discrimination in Commercial Banks\u2019 Direct Consumer Lending","volume":"12","author":"Peterson","year":"1981","journal-title":"The Bell Journal of Economics"},{"key":"2024070508400447300_rdad082-B69","volume-title":"The Color of Credit : Mortgage Discrimination, Research Methodology, and Fair-Lending Enforcement","author":"Ross","year":"2003"},{"key":"2024070508400447300_rdad082-B70","doi-asserted-by":"crossref","first-page":"135","DOI":"10.1093\/oxfordjournals.oep.a041827","article-title":"Some Thoughts on the Distribution of Earnings","volume":"3","author":"Roy","year":"1951","journal-title":"Oxford Economic Papers"},{"key":"2024070508400447300_rdad082-B71","doi-asserted-by":"crossref","first-page":"203","DOI":"10.1257\/aer.20151398","article-title":"How Do Patents Affect Follow-On Innovation? Evidence from the Human Genome","volume":"109","author":"Sampat","year":"2019","journal-title":"American Economic Review"},{"key":"2024070508400447300_rdad082-B72","doi-asserted-by":"crossref","first-page":"1447","DOI":"10.1093\/qje\/qjr022","article-title":"Judicial Ingroup Bias in the Shadow of Terrorism","volume":"126","author":"Shayo","year":"2011","journal-title":"The Quarterly Journal of Economics"},{"key":"2024070508400447300_rdad082-B73","doi-asserted-by":"crossref","first-page":"1193","DOI":"10.1214\/17-AOAS1058","article-title":"The Problem of Infra-marginality in Outcome Tests for Discrimination","volume":"11","author":"Simoiu","year":"2017","journal-title":"Annals of Applied Statistics"},{"key":"2024070508400447300_rdad082-B74","doi-asserted-by":"crossref","first-page":"331","DOI":"10.1111\/1468-0262.00277","article-title":"Independence, Monotonicity, and Latent Index Models: An Equivalence Result","volume":"70","author":"Vytlacil","year":"2002","journal-title":"Econometrica"}],"container-title":["Review of Economic Studies"],"language":"en","link":[{"URL":"https:\/\/academic.oup.com\/restud\/advance-article-pdf\/doi\/10.1093\/restud\/rdad082\/56678023\/rdad082.pdf","content-type":"application\/pdf","content-version":"am","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/91\/4\/2135\/58447524\/rdad082.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/academic.oup.com\/restud\/article-pdf\/91\/4\/2135\/58447524\/rdad082.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,7,5]],"date-time":"2024-07-05T08:41:08Z","timestamp":1720168868000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/91\/4\/2135\/7248479"}},"issued":{"date-parts":[[2023,8,22]]},"references-count":74,"journal-issue":{"issue":"4","published-online":{"date-parts":[[2023,8,22]]},"published-print":{"date-parts":[[2024,7,5]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdad082","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2024,7]]},"published":{"date-parts":[[2023,8,22]]}},{"indexed":{"date-parts":[[2026,6,3]],"date-time":"2026-06-03T01:16:55Z","timestamp":1780449415410,"version":"3.54.1"},"reference-count":56,"publisher":"Oxford University Press (OUP)","issue":"3","license":[{"start":{"date-parts":[[2017,10,24]],"date-time":"2017-10-24T00:00:00Z","timestamp":1508803200000},"content-version":"vor","delay-in-days":1,"URL":"https:\/\/academic.oup.com\/journals\/pages\/about_us\/legal\/notices"}],"funder":[{"DOI":"10.13039\/501100000781","name":"European Research Council","doi-asserted-by":"publisher","award":["#249429"],"award-info":[{"award-number":["#249429"]}],"id":[{"id":"10.13039\/501100000781","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100000781","name":"European Research Council","doi-asserted-by":"publisher","award":["#669217"],"award-info":[{"award-number":["#669217"]}],"id":[{"id":"10.13039\/501100000781","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2018,7,1]]},"DOI":"10.1093\/restud\/rdx059","type":"journal-article","created":{"date-parts":[[2017,10,21]],"date-time":"2017-10-21T11:08:24Z","timestamp":1508584104000},"page":"1781-1823","source":"Crossref","is-referenced-by-count":231,"title":["Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops"],"prefix":"10.1093","volume":"85","author":[{"given":"Emmanuel","family":"Farhi","sequence":"first","affiliation":[{"name":"Harvard University"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Jean","family":"Tirole","sequence":"additional","affiliation":[{"name":"TSE"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","published-online":{"date-parts":[[2017,10,23]]},"reference":[{"key":"key\n\t\t\t\t20180622102733_B1","doi-asserted-by":"crossref","first-page":"2689","DOI":"10.1111\/jofi.12206","article-title":"\u201cA Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk\u201d,","volume":"69","author":"ACHARYA","year":"2015","journal-title":"Journal of Finance"},{"key":"key\n\t\t\t\t20180622102733_B2","doi-asserted-by":"crossref","first-page":"215","DOI":"10.1016\/j.jfineco.2014.11.004","article-title":"\u201cThe Greatest Carry Trade Ever? Understanding Eurozone Bank Risks\u201d,","volume":"115","author":"ACHARYA","year":"2015","journal-title":"Journal of Financial Economics"},{"key":"key\n\t\t\t\t20180622102733_B3","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/j.jfi.2006.06.001","article-title":"\u201cToo many to fail - an analysis of time-inconsistency in bank closure policies\u201d,","volume":"16","author":"ACHARYA","year":"2007","journal-title":"Journal of Financial Intermediation"},{"key":"key\n\t\t\t\t20180622102733_B4","article-title":"\u201cTake the Short Route: How to Repay and Restructure with Multiple Maturities\u201d","author":"AMADOR","year":"2014"},{"key":"key\n\t\t\t\t20180622102733_B5","doi-asserted-by":"crossref","first-page":"1105","DOI":"10.1162\/003355302760193977","article-title":"\u201cFiscal Policy With Noncontingent Debt And The Optimal Maturity Structure\u201d,","volume":"117","author":"ANGELETOS","year":"2002","journal-title":"Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t20180622102733_B6","doi-asserted-by":"crossref","first-page":"187","DOI":"10.1086\/666589","article-title":"\u201cDefault and the Maturity Structure in Sovereign Bonds\u201d,","volume":"120","author":"ARELLANO","year":"2012","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t20180622102733_B7","doi-asserted-by":"crossref","first-page":"203","DOI":"10.1111\/1468-0327.12029","article-title":"\u201cSystemic Risk, Sovereign Yields and Bank Exposures in the Euro Crisis\u201d,","volume":"29","author":"BATTISTINI","year":"2014","journal-title":"Economic Policy"},{"key":"key\n\t\t\t\t20180622102733_B8","doi-asserted-by":"crossref","DOI":"10.1257\/aer.20121524","article-title":"\u201cEfficient Bailouts?\u201d,","author":"BIANCHI","year":"2016","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20180622102733_B9","doi-asserted-by":"crossref","first-page":"41","DOI":"10.1086\/261806","article-title":"\u201cSequential Banking\u201d,","volume":"100","author":"BIZER","year":"1992","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t20180622102733_B10","doi-asserted-by":"crossref","first-page":"879","DOI":"10.1086\/686734","article-title":"\u201cThe Pass-Through of Sovereign Risk\u201d,","volume":"124","author":"BOCOLA","year":"2016","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t20180622102733_B11","doi-asserted-by":"crossref","first-page":"879","DOI":"10.1111\/j.1467-937X.2009.00541.x","article-title":"\u201cStructuring and Restructuring Sovereign Debt: The Role of Seniority\u201d,","volume":"76","author":"BOLTON","year":"2009","journal-title":"Review of Economic Studies"},{"key":"key\n\t\t\t\t20180622102733_B12","doi-asserted-by":"crossref","first-page":"162","DOI":"10.1057\/imfer.2011.5","article-title":"\u201cSovereign Default Risk and Bank Fragility in Financially Integrated Economies\u201d,","volume":"59","author":"BOLTON","year":"2011","journal-title":"IMF Economic Review"},{"key":"key\n\t\t\t\t20180622102733_B13","doi-asserted-by":"crossref","first-page":"114","DOI":"10.1016\/j.jmoneco.2013.11.009","article-title":"\u201cSovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-out Effects\u201d,","volume":"61","author":"BRONER","year":"2014","journal-title":"Journal of Monetary Economics"},{"key":"key\n\t\t\t\t20180622102733_B14","doi-asserted-by":"crossref","first-page":"49","DOI":"10.1093\/restud\/rdq015","article-title":"\u201cGlobalization and Risk Sharing\u201d,","volume":"78","author":"BRONER","year":"2011","journal-title":"Review of Economic Studies"},{"key":"key\n\t\t\t\t20180622102733_B15","doi-asserted-by":"crossref","first-page":"67","DOI":"10.1111\/j.1542-4774.2012.01094.x","article-title":"\u201cWhy Do Emerging Economies Borrow Short Term?\u201d,","volume":"11","author":"BRONER","year":"2013","journal-title":"Journal of the European Economic Association"},{"key":"key\n\t\t\t\t20180622102733_B16","doi-asserted-by":"crossref","first-page":"483","DOI":"10.1111\/jofi.12005","article-title":"\u201cThe Maturity Rat Race\u201d,","volume":"68","author":"BRUNNERMEIER","year":"2013","journal-title":"Journal of Finance"},{"key":"key\n\t\t\t\t20180622102733_B17","doi-asserted-by":"crossref","first-page":"531","DOI":"10.1016\/j.jmoneco.2003.06.002","article-title":"\u201cOptimal Maturity of Government Debt Without State Contingent Bonds\u201d,","volume":"51","author":"BUERA","year":"2004","journal-title":"Journal of Monetary Economics"},{"key":"key\n\t\t\t\t20180622102733_B18","doi-asserted-by":"crossref","first-page":"675","DOI":"10.2307\/2534539","article-title":"\u201cThe Buyback Boondogle\u201d,","author":"BULOW","year":"1988","journal-title":"Brookings Papers on Economic Activity"},{"key":"key\n\t\t\t\t20180622102733_B19","doi-asserted-by":"crossref","first-page":"1219","DOI":"10.2307\/2937962","article-title":"\u201cSovereign Debt Repurchases: No Cure for Overhang\u201d,","volume":"106","author":"BULOW","year":"1991","journal-title":"Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t20180622102733_B20","first-page":"497","article-title":"\u201cThe Role of Demandable Debt in Structuring Optimal Banking Arrangements\u201d,","volume":"81","author":"CALOMIRIS","year":"1991","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20180622102733_B21","doi-asserted-by":"crossref","first-page":"2458","DOI":"10.1257\/aer.20150157","article-title":"\u201cBailouts, Time Inconsistency, and Optimal Regulation: A Macroeconomic View\u201d,","volume":"106","author":"CHARI","year":"2016","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20180622102733_B22","article-title":"\u201cOn the Optimality of Financial Repression\u201d","author":"CHARI","year":"2014"},{"key":"key\n\t\t\t\t20180622102733_B23","doi-asserted-by":"crossref","first-page":"2674","DOI":"10.1257\/aer.102.6.2674","article-title":"\u201cMaturity, Indebtedness, and Default Risk\u201d,","volume":"102","author":"CHATTERJEE","year":"2012","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20180622102733_B24","first-page":"647","article-title":"\u201cServicing the Public Debt: The Role of Expectations\u201d,","volume":"78","author":"CALVO","year":"1988","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20180622102733_B25","doi-asserted-by":"crossref","DOI":"10.3386\/w19278","article-title":"\u201cGovernment Debt and Banking Fragility: The Spreading of Strategic Uncertainty\u201d","author":"COOPER","year":"2013"},{"key":"key\n\t\t\t\t20180622102733_B26","doi-asserted-by":"crossref","first-page":"401","DOI":"10.1086\/261155","article-title":"\u201cBank Runs, Deposit Insurance, and Liquidity\u201d,","volume":"91","author":"DIAMOND","year":"1983","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t20180622102733_B27","doi-asserted-by":"crossref","first-page":"283","DOI":"10.1086\/319552","article-title":"\u201cLiquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking\u201d,","volume":"109","author":"DIAMOND","year":"2001","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t20180622102733_B28","doi-asserted-by":"crossref","first-page":"552","DOI":"10.1086\/666669","article-title":"\u201cIlliquid Banks, Financial Stability, and Interest Rate Policy\u201d,","volume":"120","author":"DIAMOND","year":"2012","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t20180622102733_B29","article-title":"\u201cEfficient Sovereign Default\u201d","author":"DOVIS","year":"2012"},{"key":"key\n\t\t\t\t20180622102733_B30","doi-asserted-by":"crossref","first-page":"60","DOI":"10.1257\/aer.102.1.60","article-title":"\u201cCollective Moral Hazard, Maturity Mismatch, and Systemic Bailouts\u201d,","volume":"102","author":"FARHI","year":"2012","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20180622102733_B31","article-title":"\u201cThe Long and Short of It: Sovereign Debt Crises and Debt Maturity\u201d","author":"FERNANDEZ","year":"2015"},{"key":"key\n\t\t\t\t20180622102733_B32","doi-asserted-by":"crossref","DOI":"10.23943\/princeton\/9780691172767.001.0001","volume-title":"Optimal Transport Methods in Economics","author":"GALICHON","year":"2016"},{"key":"key\n\t\t\t\t20180622102733_B33","doi-asserted-by":"crossref","first-page":"819","DOI":"10.1111\/jofi.12124","article-title":"\u201cSovereign Default, Domestic Banks and Financial Institutions\u201d,","volume":"69","author":"GENNAIOLI","year":"2014","journal-title":"Journal of Finance"},{"key":"key\n\t\t\t\t20180622102733_B34","doi-asserted-by":"crossref","DOI":"10.5089\/9781498391993.001","article-title":"\u201cBanks, Government Bonds and Defaults: What Do the Data Say?\u201d","author":"GENNAIOLI","year":"2014"},{"key":"key\n\t\t\t\t20180622102733_B35","doi-asserted-by":"crossref","first-page":"452","DOI":"10.1016\/j.jfineco.2011.05.005","article-title":"\u201cNeglected Risk, Financial Innovation, and Financial Fragility\u201d,","volume":"104","author":"GENNAIOLI","year":"2012","journal-title":"Journal of Financial Economics"},{"key":"key\n\t\t\t\t20180622102733_B36","doi-asserted-by":"crossref","first-page":"117","DOI":"10.1016\/j.jinteco.2009.07.002","article-title":"\u201cLong-duration Bonds and Sovereign Defaults\u201d,","volume":"79","author":"HATCHONDO","year":"2009","journal-title":"Journal of International Economics"},{"key":"key\n\t\t\t\t20180622102733_B37","doi-asserted-by":"crossref","first-page":"32","DOI":"10.1016\/j.jmoneco.2013.11.002","article-title":"\u201cVoluntary Sovereign Debt Exchanges\u201d,","volume":"61","author":"HATCHONDO","year":"2014","journal-title":"Journal of Monetary Economics"},{"key":"key\n\t\t\t\t20180622102733_B38","doi-asserted-by":"crossref","first-page":"663","DOI":"10.1162\/003355397555316","article-title":"\u201cFinancial Intermediation, Loanable Funds, and the Real Sector\u201d,","volume":"112","author":"HOLMSTR\u00d6M","year":"1997","journal-title":"Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t20180622102733_B39","doi-asserted-by":"crossref","first-page":"2135","DOI":"10.1257\/aer.99.5.2135","article-title":"\u201cDebt Maturity and the International Financial Architecture\u201d,","volume":"99","author":"JEANNE","year":"2009","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20180622102733_B40","doi-asserted-by":"crossref","first-page":"704","DOI":"10.1093\/restud\/rdv044","article-title":"\u201cBailouts and Financial Fragility\u201d,","volume":"83","author":"KEISTER","year":"2016","journal-title":"Review of Economic Studies"},{"key":"key\n\t\t\t\t20180622102733_B41","volume-title":"Opening Remarks to IMF\/CFP Policy Roundtable on the Future of Financial Regulation","author":"LAGARDE","year":"2012"},{"key":"key\n\t\t\t\t20180622102733_B42","article-title":"\u201cSovereign Default and Banking\u201d","author":"LIVSHITS","year":"2012"},{"key":"key\n\t\t\t\t20180622102733_B43","article-title":"\u201cHonoring Sovereign Debt or Bailing Out Domestic Residents? A Theory of Internal Cost of Default\u201d","author":"MENGUS","year":"2013"},{"key":"key\n\t\t\t\t20180622102733_B44","article-title":"\u201cInternational Bailouts: Why Did Banks\u2019 Collective Bet Lead Europe to Rescue Greece?\u201d","author":"MENGUS","year":"2013"},{"key":"key\n\t\t\t\t20180622102733_B45","article-title":"\u201cSovereign Defaults and Banking\u201d","author":"LIVSHITS","year":"2009"},{"key":"key\n\t\t\t\t20180622102733_B46","doi-asserted-by":"crossref","first-page":"124","DOI":"10.1016\/j.jmoneco.2016.06.001","article-title":"\u201cUncertainty as Commitment\u201d,","volume":"80","author":"NOSAL","year":"2016","journal-title":"Journal of Monetary Economics"},{"key":"key\n\t\t\t\t20180622102733_B47","article-title":"\u201cSovereign Debt, Domestic Banks and the Provision of Public Liquidity\u201d","author":"PEREZ","year":"2015"},{"key":"key\n\t\t\t\t20180622102733_B48","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1257\/aer.102.1.1","article-title":"\u201cOptimal Interventions in Markets with Adverse Selection\u201d,","volume":"102","author":"PHILIPPON","year":"2012","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20180622102733_B49","doi-asserted-by":"crossref","first-page":"359","DOI":"10.1162\/qjec.2008.123.1.359","article-title":"\u201cSystemic Crises and Growth\u201d,","volume":"123","author":"RANCI\u00c8RE","year":"2008","journal-title":"The Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t20180622102733_B50","doi-asserted-by":"crossref","DOI":"10.2307\/j.ctvcm4gqx","volume-title":"This Time Is Different: Eight Centuries of Financial Folly","author":"REINHART","year":"2009"},{"key":"key\n\t\t\t\t20180622102733_B51","doi-asserted-by":"crossref","first-page":"883","DOI":"10.1111\/j.1467-937X.2004.00308.x","article-title":"\u201cBalance Sheet Effects, Bailout Guarantees and Financial Crises\u201d,","volume":"71","author":"SCHNEIDER","year":"2004","journal-title":"Review of Economic Studies"},{"key":"key\n\t\t\t\t20180622102733_B52","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.2363133","article-title":"\u201cOptimal Bank Regulation and Fiscal Capacity\u201d","author":"STAVRAKEVA","year":"2013"},{"key":"key\n\t\t\t\t20180622102733_B53","doi-asserted-by":"crossref","first-page":"29","DOI":"10.1257\/aer.102.1.29","article-title":"\u201cOvercoming Adverse Selection: How Public Intervention Can Restore Market Functioning\u201d,","volume":"102","author":"TIROLE","year":"2012","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20180622102733_B54","doi-asserted-by":"crossref","first-page":"2333","DOI":"10.1257\/aer.20121248","article-title":"\u201cCountry Solidarity in Sovereign Crises\u201d,","volume":"105","author":"TIROLE","year":"2015","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t20180622102733_B55","doi-asserted-by":"crossref","DOI":"10.1111\/geer.12039","article-title":"\u201cSovereign Default Risk and Banks in a Monetary Union\u201d","author":"UHLIG","year":"2014"},{"key":"key\n\t\t\t\t20180622102733_B56","first-page":"382","article-title":"\u201cPublic Debt as Private Liquidity\u201d,","volume":"80","author":"WOODFORD","year":"1990","journal-title":"American Economic Review"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/85\/3\/1781\/25077995\/rdx059.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,8,5]],"date-time":"2022-08-05T00:19:07Z","timestamp":1659658747000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/85\/3\/1781\/4563322"}},"issued":{"date-parts":[[2017,10,23]]},"references-count":56,"journal-issue":{"issue":"3","published-online":{"date-parts":[[2017,10,23]]},"published-print":{"date-parts":[[2018,7,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdx059","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2018,7]]},"published":{"date-parts":[[2017,10,23]]}},{"indexed":{"date-parts":[[2026,6,3]],"date-time":"2026-06-03T00:08:49Z","timestamp":1780445329052,"version":"3.54.1"},"reference-count":39,"publisher":"Oxford University Press (OUP)","issue":"1","license":[{"start":{"date-parts":[[2018,5,11]],"date-time":"2018-05-11T00:00:00Z","timestamp":1525996800000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/academic.oup.com\/journals\/pages\/open_access\/funder_policies\/chorus\/standard_publication_model"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2019,1,1]]},"DOI":"10.1093\/restud\/rdy022","type":"journal-article","created":{"date-parts":[[2018,5,7]],"date-time":"2018-05-07T19:14:41Z","timestamp":1525720481000},"page":"153-190","source":"Crossref","is-referenced-by-count":121,"title":["An Empirical Model of Wage Dispersion with Sorting"],"prefix":"10.1093","volume":"86","author":[{"given":"Jesper","family":"Bagger","sequence":"first","affiliation":[{"name":"Royal Holloway and the Dale T. Mortensen Centre"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Rasmus","family":"Lentz","sequence":"additional","affiliation":[{"name":"University of Wisconsin-Madison and the Dale T. Mortensen Centre"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"286","published-online":{"date-parts":[[2018,5,11]]},"reference":[{"key":"key\n\t\t\t\t2018122704283059000_B1","doi-asserted-by":"crossref","first-page":"251","DOI":"10.1111\/1468-0262.00020","article-title":"\u201cHigh Wage Workers and High Wage Firms\u201d","volume":"67","author":"ABOWD","year":"1999","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t2018122704283059000_B2","article-title":"\u201cProductivity and Wage Dispersion: Heterogeneity or Misallocation\u201d","author":"BAGGER","year":"2014"},{"key":"key\n\t\t\t\t2018122704283059000_B3","doi-asserted-by":"crossref","first-page":"1551","DOI":"10.1257\/aer.104.6.1551","article-title":"\u201cTenure, Experience, Human Capital and Wages: A Tractable Equilibrium Search Model of Wage Dynamics\u201d","volume":"104","author":"BAGGER","year":"2014","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t2018122704283059000_B4","doi-asserted-by":"crossref","first-page":"780","DOI":"10.1016\/j.red.2009.10.012","article-title":"\u201cEstimating Mobility Rates in Search Models with Initial Condition Problems\u201d","volume":"13","author":"BARLEVY","year":"2010","journal-title":"Review of Economic Dynamics"},{"key":"key\n\t\t\t\t2018122704283059000_B5","doi-asserted-by":"crossref","DOI":"10.2139\/ssrn.2675448","article-title":"\u201cIdentifying Sorting in Practice\u201d","author":"BARTOLUCCI","year":"2015"},{"key":"key\n\t\t\t\t2018122704283059000_B6","doi-asserted-by":"crossref","first-page":"813","DOI":"10.1086\/260084","article-title":"\u201cA Theory of Marriage: Part {I}\u201d","volume":"81","author":"BECKER","year":"1973","journal-title":"The Journal of Political Economy"},{"key":"key\n\t\t\t\t2018122704283059000_B7","article-title":"\u201cA Distributional Framework for Matched Employer Employee Data\u201d","author":"BONHOMME","year":"2016"},{"key":"key\n\t\t\t\t2018122704283059000_B8","doi-asserted-by":"crossref","first-page":"305","DOI":"10.1111\/1468-2354.00066","article-title":"\u201cEquilibrium Search with Continuous Productivity Dispersion: Theory and Non-parametric Estimation\u201d","volume":"41","author":"BONTEMPS","year":"2000","journal-title":"International Economic Review"},{"key":"key\n\t\t\t\t2018122704283059000_B9","first-page":"212","article-title":"\u201cA Theory of Employee Job Search and Quit Rates\u201d","volume":"68","author":"BURDETT","year":"1978","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t2018122704283059000_B10","doi-asserted-by":"crossref","first-page":"955","DOI":"10.2307\/1912045","article-title":"\u201cEquilibrium Price Dispersion\u201d","volume":"51","author":"BURDETT","year":"1983","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t2018122704283059000_B11","doi-asserted-by":"crossref","first-page":"257","DOI":"10.2307\/2527292","article-title":"\u201cWage Differentials, Employer Size, and Unemployment\u201d","volume":"39","author":"BURDETT","year":"1998","journal-title":"International Economic Review"},{"key":"key\n\t\t\t\t2018122704283059000_B12","doi-asserted-by":"crossref","first-page":"323","DOI":"10.1111\/j.1468-0262.2006.00665.x","article-title":"\u201cWage Bargaining with On-the-job Search: Theory and Evidence\u201d","volume":"74","author":"CAHUC","year":"2006","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t2018122704283059000_B13","doi-asserted-by":"crossref","first-page":"31","DOI":"10.1086\/425432","article-title":"\u201cOn the Job Search and the Wage Distribution\u201d","volume":"23","author":"CHRISTENSEN","year":"2005","journal-title":"Journal of Labor Economics"},{"key":"key\n\t\t\t\t2018122704283059000_B14","doi-asserted-by":"crossref","first-page":"571","DOI":"10.1111\/j.1468-0262.2005.00588.x","article-title":"\u201cAn Equilibrium Model of Health Insurance Provision and Wage Determination\u201d","volume":"73","author":"DEY","year":"2005","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t2018122704283059000_B15","doi-asserted-by":"crossref","first-page":"872","DOI":"10.1093\/restud\/rdq034","article-title":"\u201cIdentifying Sorting - in Theory\u201d","volume":"78","author":"EECKHOUT","year":"2011","journal-title":"Review of Economic Studies"},{"key":"key\n\t\t\t\t2018122704283059000_B16","article-title":"\u201cJob Search Behavior among the Employed and Non-employed\u201d","author":"FABERMAN","year":"2016"},{"key":"key\n\t\t\t\t2018122704283059000_B17","article-title":"\u201cThe Importance of Employer-to-employer Flows in the U.S. Labour Market\u201d","author":"FALLICK","year":"2001","journal-title":"Discussion Paper"},{"key":"key\n\t\t\t\t2018122704283059000_B18","doi-asserted-by":"crossref","first-page":"1193","DOI":"10.1162\/JEEA.2006.4.6.1193","article-title":"\u201cHow Large are Search Frictions?\u201d","volume":"4","author":"GAUTIER","year":"2006","journal-title":"Journal of the European Economic Association"},{"key":"key\n\t\t\t\t2018122704283059000_B19","doi-asserted-by":"crossref","first-page":"1136","DOI":"10.1111\/jeea.12134","article-title":"\u201cSorting and the Output Loss Due to Search Frictions\u201d","volume":"13","author":"GAUTIER","year":"2015","journal-title":"Journal of the European Economic Association"},{"key":"key\n\t\t\t\t2018122704283059000_B20","doi-asserted-by":"crossref","first-page":"85","DOI":"10.1002\/jae.3950080507","article-title":"\u201cIndirect Inference\u201d","volume":"8","author":"GOURIEROUX","year":"1993","journal-title":"Journal of Applied Econometrics"},{"key":"key\n\t\t\t\t2018122704283059000_B21","doi-asserted-by":"crossref","first-page":"29","DOI":"10.3982\/ECTA11301","article-title":"\u201cIdentifying Equilibrium Models of Labour Market Sorting\u201d","volume":"85","author":"HAGEDORN","year":"2017","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t2018122704283059000_B22","doi-asserted-by":"crossref","first-page":"301","DOI":"10.1086\/694417","article-title":"\u201cWho moves up the job ladder?\u201d","volume":"36","author":"HALTIWANGER","year":"2018","journal-title":"Journal of Labor Economics"},{"key":"key\n\t\t\t\t2018122704283059000_B23","doi-asserted-by":"crossref","first-page":"2873","DOI":"10.1257\/aer.101.7.2873","article-title":"\u201cFrictional Wage Dispersion in Search Models: A Quantitative Assessment\u201d","volume":"101","author":"HORNSTEIN","year":"2011","journal-title":"American Economic Review"},{"key":"key\n\t\t\t\t2018122704283059000_B24","doi-asserted-by":"crossref","first-page":"279","DOI":"10.2307\/2297382","article-title":"\u201cOn the Efficiency of Matching and Related Models of Search and Unemployment\u201d","volume":"57","author":"HOSIOS","year":"1990","journal-title":"Review of Economic Studies"},{"key":"key\n\t\t\t\t2018122704283059000_B25","article-title":"\u201cSearching for Job Security and the Cost of Job Loss\u201d","author":"JAROSCH","year":"2016"},{"key":"key\n\t\t\t\t2018122704283059000_B26","doi-asserted-by":"crossref","first-page":"877","DOI":"10.1016\/j.euroecorev.2006.02.005","article-title":"\u201cThe Empirical Content of the Job Search Model: Labor Mobility and Wage Distributions in Europe and the {US}\u201d","volume":"50","author":"JOLIVET","year":"2006","journal-title":"European Economic Review"},{"key":"key\n\t\t\t\t2018122704283059000_B27","doi-asserted-by":"crossref","first-page":"1436","DOI":"10.1016\/j.jet.2010.02.013","article-title":"\u201cSorting by Search Intensity\u201d","volume":"145","author":"LENTZ","year":"2010","journal-title":"Journal of Economic Theory"},{"key":"key\n\t\t\t\t2018122704283059000_B28","doi-asserted-by":"crossref","DOI":"10.3386\/w19988","article-title":"\u201cOptimal Employment Contracts with Hidden Search\u201d","author":"LENTZ","year":"2014"},{"key":"key\n\t\t\t\t2018122704283059000_B29","article-title":"\u201cThe Anatomy of the Wage Distribution\u201d","author":"LENTZ","year":"2016"},{"key":"key\n\t\t\t\t2018122704283059000_B30","doi-asserted-by":"crossref","first-page":"63","DOI":"10.1016\/j.red.2015.11.004","article-title":"\u201cMatching, Sorting, and Wages\u201d","volume":"19","author":"LISE","year":"2016","journal-title":"Review of Economic Dynamics"},{"key":"key\n\t\t\t\t2018122704283059000_B31","doi-asserted-by":"crossref","first-page":"313","DOI":"10.1086\/695505","article-title":"\u201cFirm Wage Differentials and Labour Market Sorting: Reconciling Theory and Evidence\u201d","volume":"126","author":"LOPES DE MELO","year":"2018","journal-title":"Journal of Political Economy"},{"key":"key\n\t\t\t\t2018122704283059000_B32","doi-asserted-by":"crossref","first-page":"124","DOI":"10.1016\/j.econlet.2010.08.034","article-title":"\u201cOn-the-job Search and Wage Dispersion: New Evidence from Time Use Data\u201d","volume":"109","author":"MUELLER","year":"2010","journal-title":"Economics Letters"},{"key":"key\n\t\t\t\t2018122704283059000_B33","article-title":"\u201cOn the Extent of Job-to-job Transitions\u201d","year":"2005"},{"key":"key\n\t\t\t\t2018122704283059000_B34","doi-asserted-by":"crossref","first-page":"390","DOI":"10.1257\/jel.39.2.390","article-title":"\u201cLooking into the Black Box: A Survey of the Matching Function\u201d","volume":"39","author":"PETRONGOLO","year":"2001","journal-title":"Journal of Economic Literature"},{"key":"key\n\t\t\t\t2018122704283059000_B35","doi-asserted-by":"crossref","first-page":"2295","DOI":"10.1111\/1468-0262.00377","article-title":"\u201cEquilibrium Wage Dispersion with Worker and Employer Heterogeneity\u201d","volume":"70","author":"POSTEL-VINAY","year":"2002","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t2018122704283059000_B36","doi-asserted-by":"crossref","first-page":"97","DOI":"10.2307\/1912531","article-title":"\u201cPerfect Equilibrium in a Bargaining Model\u201d","volume":"50","author":"RUBINSTEIN","year":"1982","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t2018122704283059000_B37","doi-asserted-by":"crossref","first-page":"343","DOI":"10.1111\/1468-0262.00112","article-title":"\u201cAssortative Matching and Search\u201d","volume":"68","author":"SHIMER","year":"2000","journal-title":"Econometrica"},{"key":"key\n\t\t\t\t2018122704283059000_B38","doi-asserted-by":"crossref","DOI":"10.1093\/qje\/qjy001","article-title":"\u201cRanking Firms Using Revealed Preference\u201d","author":"SORKIN","year":"2018","journal-title":"Forthcoming in Quarterly Journal of Economics"},{"key":"key\n\t\t\t\t2018122704283059000_B39","article-title":"\u201cEstimation of a Roy\/seach\/compensting Differential Model of the Labour Market\u201d","author":"TABER","year":"2016"}],"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/86\/1\/153\/27285245\/rdy022.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,8,22]],"date-time":"2022-08-22T16:01:36Z","timestamp":1661184096000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article\/86\/1\/153\/4995193"}},"issued":{"date-parts":[[2018,5,11]]},"references-count":39,"journal-issue":{"issue":"1","published-online":{"date-parts":[[2018,5,11]]},"published-print":{"date-parts":[[2019,1,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdy022","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2019,1]]},"published":{"date-parts":[[2018,5,11]]}},{"indexed":{"date-parts":[[2022,4,2]],"date-time":"2022-04-02T18:30:35Z","timestamp":1648924235559},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1981,10,1]]},"DOI":"10.1093\/restud\/48.4.679","type":"journal-article","created":{"date-parts":[[2012,11,21]],"date-time":"2012-11-21T02:11:04Z","timestamp":1353463864000},"page":"679-681","source":"Crossref","is-referenced-by-count":0,"title":["Index"],"prefix":"10.1093","volume":"48","member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/48\/4\/679\/4524226\/48-4-679.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T04:04:04Z","timestamp":1503547444000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.1093\/restud\/48.4.679"}},"issued":{"date-parts":[[1981,10,1]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1981,10,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/48.4.679","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1981,10,1]]}},{"indexed":{"date-parts":[[2022,4,2]],"date-time":"2022-04-02T20:11:04Z","timestamp":1648930264502},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1977,2]]},"DOI":"10.2307\/2296986","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:24:27Z","timestamp":1150417467000},"page":"191","source":"Crossref","is-referenced-by-count":6,"title":["A Note on Aoki's Perfect Controllability of a Linear Macro-Economic Model"],"prefix":"10.1093","volume":"44","author":[{"given":"G.","family":"Uebe","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/44\/1\/191\/4381985\/44-1-191.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:48:42Z","timestamp":1503535722000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296986"}},"issued":{"date-parts":[[1977,2]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1977,2]]}},"URL":"https:\/\/doi.org\/10.2307\/2296986","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1977,2]]}},{"indexed":{"date-parts":[[2022,4,22]],"date-time":"2022-04-22T08:28:12Z","timestamp":1650616092696},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1958,2]]},"DOI":"10.2307\/2296207","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:53:06Z","timestamp":1150415586000},"page":"97","source":"Crossref","is-referenced-by-count":1,"title":["Transformations in Economic Theories"],"prefix":"10.1093","volume":"25","author":[{"given":"Maurice","family":"McManus","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/25\/2\/97\/4427470\/25-2-97.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T01:18:58Z","timestamp":1503537538000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296207"}},"issued":{"date-parts":[[1958,2]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1958,2]]}},"URL":"https:\/\/doi.org\/10.2307\/2296207","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1958,2]]}},{"indexed":{"date-parts":[[2023,11,4]],"date-time":"2023-11-04T18:49:26Z","timestamp":1699123766239},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1971,1]]},"DOI":"10.2307\/2296624","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:11:04Z","timestamp":1150416664000},"page":"95","source":"Crossref","is-referenced-by-count":4,"title":["Factor Substitution and Effective Tariff Rates"],"prefix":"10.1093","volume":"38","author":[{"given":"H. G.","family":"Grubel","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"P. J.","family":"Lloyd","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/38\/1\/95\/4362402\/38-1-95.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:51:56Z","timestamp":1503528716000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296624"}},"issued":{"date-parts":[[1971,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1971,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2296624","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1971,1]]}},{"indexed":{"date-parts":[[2022,8,3]],"date-time":"2022-08-03T16:08:42Z","timestamp":1659542922687},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"5","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1980,10,1]]},"DOI":"10.2307\/2296926","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:33:03Z","timestamp":1150417983000},"page":"965-973","source":"Crossref","is-referenced-by-count":5,"title":["Restricted Preferences and Strategy-Proofness of a Class of Group Decision Functions"],"prefix":"10.1093","volume":"47","author":[{"given":"P. K.","family":"Pattanaik","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"M.","family":"Sengupta","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/47\/5\/965\/4515087\/47-5-965.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:39:38Z","timestamp":1503531578000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296926"}},"issued":{"date-parts":[[1980,10,1]]},"references-count":0,"journal-issue":{"issue":"5","published-print":{"date-parts":[[1980,10,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2296926","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1980,10,1]]}},{"indexed":{"date-parts":[[2023,11,9]],"date-time":"2023-11-09T07:40:49Z","timestamp":1699515649447},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1962,10]]},"DOI":"10.2307\/2296307","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:58:42Z","timestamp":1150415922000},"page":"313","source":"Crossref","is-referenced-by-count":6,"title":["Some Dynamic Phenomena in the Leontief Model of Reversely Lagged Type"],"prefix":"10.1093","volume":"29","author":[{"given":"Hukukane","family":"Nikaido","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/29\/4\/313\/4494195\/29-4-313.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T01:33:39Z","timestamp":1503538419000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296307"}},"issued":{"date-parts":[[1962,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1962,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2296307","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1962,10]]}},{"indexed":{"date-parts":[[2022,4,2]],"date-time":"2022-04-02T05:36:32Z","timestamp":1648877792636},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1973,10,1]]},"DOI":"10.2307\/2296589","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:16:54Z","timestamp":1150402614000},"page":"561-570","source":"Crossref","is-referenced-by-count":3,"title":["On the Effectiveness of Monetary Policy as a Stabilization Device"],"prefix":"10.1093","volume":"40","author":[{"given":"M. G.","family":"Hadjimichalakis","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/40\/4\/561\/4497162\/40-4-561.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T21:38:45Z","timestamp":1503524325000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296589"}},"issued":{"date-parts":[[1973,10,1]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1973,10,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2296589","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1973,10,1]]}},{"indexed":{"date-parts":[[2022,4,1]],"date-time":"2022-04-01T04:38:21Z","timestamp":1648787901537},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1981,10]]},"DOI":"10.2307\/2297209","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:35:16Z","timestamp":1150418116000},"page":"671","source":"Crossref","is-referenced-by-count":3,"title":["A Note on Weak Separability"],"prefix":"10.1093","volume":"48","author":[{"given":"F. P.","family":"Murphy","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/48\/4\/671\/4524190\/48-4-671.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T04:03:49Z","timestamp":1503547429000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297209"}},"issued":{"date-parts":[[1981,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1981,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2297209","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1981,10]]}},{"indexed":{"date-parts":[[2023,10,22]],"date-time":"2023-10-22T02:17:59Z","timestamp":1697941079837},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1951]]},"DOI":"10.2307\/2295738","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:45:30Z","timestamp":1150400730000},"page":"105","source":"Crossref","is-referenced-by-count":6,"title":["Comments on Mr. Johnson's Notes"],"prefix":"10.1093","volume":"19","author":[{"given":"D. H.","family":"Robertson","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/19\/2\/105\/6932852\/19-2-105.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T21:50:26Z","timestamp":1503525026000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2295738"}},"issued":{"date-parts":[[1951]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1951]]}},"URL":"https:\/\/doi.org\/10.2307\/2295738","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1951]]}},{"indexed":{"date-parts":[[2022,4,4]],"date-time":"2022-04-04T20:56:24Z","timestamp":1649105784813},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1971,1]]},"DOI":"10.2307\/2296633","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:11:04Z","timestamp":1150416664000},"page":"131","source":"Crossref","is-referenced-by-count":1,"title":["A Note on Corporate Taxation and Dividend Behaviour"],"prefix":"10.1093","volume":"38","author":[{"given":"G.","family":"Whittington","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/38\/1\/131\/4362301\/38-1-131.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:51:46Z","timestamp":1503528706000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296633"}},"issued":{"date-parts":[[1971,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1971,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2296633","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1971,1]]}},{"indexed":{"date-parts":[[2023,10,24]],"date-time":"2023-10-24T21:40:17Z","timestamp":1698183617992},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1984,1]]},"DOI":"10.2307\/2297708","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:40:36Z","timestamp":1150418436000},"page":"111","source":"Crossref","is-referenced-by-count":6,"title":["Capitalist-Worker Conflict and Involuntary Unemployment"],"prefix":"10.1093","volume":"51","author":[{"given":"Martin J.","family":"Osborne","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/51\/1\/111\/4476562\/51-1-111.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:02:21Z","timestamp":1503532941000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297708"}},"issued":{"date-parts":[[1984,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1984,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2297708","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1984,1]]}},{"indexed":{"date-parts":[[2022,4,2]],"date-time":"2022-04-02T20:58:35Z","timestamp":1648933115883},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1946]]},"DOI":"10.2307\/2295754","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:40:30Z","timestamp":1150400430000},"page":"16","source":"Crossref","is-referenced-by-count":0,"title":["Distribution Methods and Costs in the U.S.A."],"prefix":"10.1093","volume":"14","author":[{"given":"R. W.","family":"Evely","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/14\/1\/16\/6932767\/14-1-16.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:54:17Z","timestamp":1503532457000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2295754"}},"issued":{"date-parts":[[1946]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1946]]}},"URL":"https:\/\/doi.org\/10.2307\/2295754","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1946]]}},{"indexed":{"date-parts":[[2022,4,5]],"date-time":"2022-04-05T13:18:48Z","timestamp":1649164728745},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1976,10]]},"DOI":"10.2307\/2297226","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:23:36Z","timestamp":1150403016000},"page":"475","source":"Crossref","is-referenced-by-count":3,"title":["Portfolio Adjustment and Monetary Growth"],"prefix":"10.1093","volume":"43","author":[{"given":"Lewis","family":"Johnson","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/43\/3\/475\/4424389\/43-3-475.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T21:10:06Z","timestamp":1503522606000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297226"}},"issued":{"date-parts":[[1976,10]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1976,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2297226","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1976,10]]}},{"indexed":{"date-parts":[[2022,3,29]],"date-time":"2022-03-29T01:51:44Z","timestamp":1648518704144},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1952,1,1]]},"DOI":"10.2307\/2296020","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:45:50Z","timestamp":1150415150000},"page":"179-185","source":"Crossref","is-referenced-by-count":3,"title":["The General Equilibrium Theory of Money: A Comment"],"prefix":"10.1093","volume":"19","author":[{"given":"F. H.","family":"Hahn","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/19\/3\/179\/6939052\/19-3-179.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T01:04:31Z","timestamp":1503536671000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296020"}},"issued":{"date-parts":[[1952,1,1]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1952,1,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2296020","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1952,1,1]]}},{"indexed":{"date-parts":[[2023,5,6]],"date-time":"2023-05-06T13:53:45Z","timestamp":1683381225165},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1933,10]]},"DOI":"10.2307\/2967435","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T19:28:10Z","timestamp":1150399690000},"page":"27","source":"Crossref","is-referenced-by-count":6,"title":["Some Notes on Monetary Theories of the Trade Cycle"],"prefix":"10.1093","volume":"1","author":[{"given":"G. L. S.","family":"Shackle","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/1\/1\/27\/4364367\/1-1-27.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T19:33:48Z","timestamp":1503516828000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2967435"}},"issued":{"date-parts":[[1933,10]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1933,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2967435","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1933,10]]}},{"indexed":{"date-parts":[[2022,4,4]],"date-time":"2022-04-04T12:20:04Z","timestamp":1649074804973},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1963,2]]},"DOI":"10.2307\/2296029","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:59:07Z","timestamp":1150415947000},"page":"37","source":"Crossref","is-referenced-by-count":0,"title":["Scarcity of Specific Resources as a Limit to Output"],"prefix":"10.1093","volume":"30","author":[{"given":"Ashok","family":"Guha","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/30\/1\/37\/4460430\/30-1-37.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:32:47Z","timestamp":1503527567000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296029"}},"issued":{"date-parts":[[1963,2]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1963,2]]}},"URL":"https:\/\/doi.org\/10.2307\/2296029","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1963,2]]}},{"indexed":{"date-parts":[[2022,4,5]],"date-time":"2022-04-05T09:40:12Z","timestamp":1649151612898},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1980,7]]},"DOI":"10.2307\/2296944","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:32:33Z","timestamp":1150417953000},"page":"787","source":"Crossref","is-referenced-by-count":4,"title":["Continuous-Valued Binary Decision Procedures"],"prefix":"10.1093","volume":"47","author":[{"given":"John A.","family":"Ferejohn","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"David M.","family":"Grether","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Steven A.","family":"Matthews","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Edward W.","family":"Packel","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/47\/4\/787\/4355119\/47-4-787.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:31:58Z","timestamp":1503527518000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296944"}},"issued":{"date-parts":[[1980,7]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1980,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2296944","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1980,7]]}},{"indexed":{"date-parts":[[2022,4,2]],"date-time":"2022-04-02T13:15:35Z","timestamp":1648905335360},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1981,10]]},"DOI":"10.2307\/2297203","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:35:16Z","timestamp":1150418116000},"page":"643","source":"Crossref","is-referenced-by-count":3,"title":["Efficiency, Weak Value Maximality and Weak Value Optimality in a Multisector Model"],"prefix":"10.1093","volume":"48","author":[{"given":"Tapan","family":"Mitra","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/48\/4\/643\/4524010\/48-4-643.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T04:03:23Z","timestamp":1503547403000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297203"}},"issued":{"date-parts":[[1981,10]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1981,10]]}},"URL":"https:\/\/doi.org\/10.2307\/2297203","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1981,10]]}},{"indexed":{"date-parts":[[2022,4,1]],"date-time":"2022-04-01T07:06:30Z","timestamp":1648796790506},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1944]]},"DOI":"10.2307\/2295971","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:38:55Z","timestamp":1150414735000},"page":"99","source":"Crossref","is-referenced-by-count":0,"title":["Rents, Rates and Incomes in Bristol"],"prefix":"10.1093","volume":"11","author":[{"given":"A. W. T.","family":"Ellis","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/11\/2\/99\/6932674\/11-2-99.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:00:08Z","timestamp":1503529208000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2295971"}},"issued":{"date-parts":[[1944]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1944]]}},"URL":"https:\/\/doi.org\/10.2307\/2295971","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1944]]}},{"indexed":{"date-parts":[[2022,3,29]],"date-time":"2022-03-29T04:47:31Z","timestamp":1648529251109},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1980,4]]},"DOI":"10.2307\/2297313","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:31:46Z","timestamp":1150403506000},"page":"629","source":"Crossref","is-referenced-by-count":0,"title":["A Note on Soviet Pricing, Profits and Technological Choice"],"prefix":"10.1093","volume":"47","author":[{"given":"Morgan","family":"Aberg","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Hakan","family":"Persson","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/47\/3\/629\/4457088\/47-3-629.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T19:24:10Z","timestamp":1503516250000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297313"}},"issued":{"date-parts":[[1980,4]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1980,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2297313","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1980,4]]}},{"indexed":{"date-parts":[[2022,4,3]],"date-time":"2022-04-03T08:56:40Z","timestamp":1648976200725},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1963,6]]},"DOI":"10.2307\/2295811","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:59:38Z","timestamp":1150415978000},"page":"131","source":"Crossref","is-referenced-by-count":0,"title":["Hire-Purchase Equilibria: Some Transition Theorems"],"prefix":"10.1093","volume":"30","author":[{"given":"F. R.","family":"Oliver","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/30\/2\/131\/4358420\/30-2-131.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:42:03Z","timestamp":1503528123000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2295811"}},"issued":{"date-parts":[[1963,6]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1963,6]]}},"URL":"https:\/\/doi.org\/10.2307\/2295811","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1963,6]]}},{"indexed":{"date-parts":[[2022,3,29]],"date-time":"2022-03-29T14:36:44Z","timestamp":1648564604221},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2017,10,1]]},"DOI":"10.1093\/restud\/rdx024","type":"journal-article","created":{"date-parts":[[2017,4,21]],"date-time":"2017-04-21T09:32:37Z","timestamp":1492767157000},"page":"1869-1869","source":"Crossref","is-referenced-by-count":0,"title":["Erratum"],"prefix":"10.1093","volume":"84","member":"286","published-online":{"date-parts":[[2017,4,21]]},"container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/84\/4\/1869\/20386586\/rdx024.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,10,12]],"date-time":"2017-10-12T02:11:41Z","timestamp":1507774301000},"score":0.0,"resource":{"primary":{"URL":"http:\/\/academic.oup.com\/restud\/article\/84\/4\/1869\/3746569\/Erratum"}},"issued":{"date-parts":[[2017,4,21]]},"references-count":0,"journal-issue":{"issue":"4","published-online":{"date-parts":[[2017,4,21]]},"published-print":{"date-parts":[[2017,10,1]]}},"URL":"https:\/\/doi.org\/10.1093\/restud\/rdx024","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published-other":{"date-parts":[[2017,10]]},"published":{"date-parts":[[2017,4,21]]}},{"indexed":{"date-parts":[[2022,4,2]],"date-time":"2022-04-02T10:45:00Z","timestamp":1648896300570},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1967,4]]},"DOI":"10.2307\/2296810","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:04:24Z","timestamp":1150416264000},"page":"219","source":"Crossref","is-referenced-by-count":0,"title":["Possibilities d'Agregation de Fonctions de Production a Variables Capital et Main d'Oeuvre"],"prefix":"10.1093","volume":"34","author":[{"given":"A.","family":"Nataf","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/34\/2\/219\/4512043\/34-2-219.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:38:18Z","timestamp":1503527898000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296810"}},"issued":{"date-parts":[[1967,4]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1967,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2296810","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1967,4]]}},{"indexed":{"date-parts":[[2024,9,10]],"date-time":"2024-09-10T04:45:24Z","timestamp":1725943524132},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1970,4,1]]},"DOI":"10.2307\/2296416","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:09:43Z","timestamp":1150402183000},"page":"239-251","source":"Crossref","is-referenced-by-count":5,"title":["On the Stability of Full Employment Equilibrium"],"prefix":"10.1093","volume":"37","author":[{"given":"P.","family":"Frevert","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/37\/2\/239\/4426521\/37-2-239.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T21:16:21Z","timestamp":1503522981000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296416"}},"issued":{"date-parts":[[1970,4,1]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1970,4,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2296416","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1970,4,1]]}},{"indexed":{"date-parts":[[2025,4,15]],"date-time":"2025-04-15T23:24:54Z","timestamp":1744759494386},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1964,4]]},"DOI":"10.2307\/2296200","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:00:58Z","timestamp":1150416058000},"page":"166","source":"Crossref","is-referenced-by-count":3,"title":["A Note on the CES Production Function"],"prefix":"10.1093","volume":"31","author":[{"given":"J. K.","family":"Whitaker","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/31\/2\/166\/4383364\/31-2-166.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:03:52Z","timestamp":1503525832000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296200"}},"issued":{"date-parts":[[1964,4]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1964,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2296200","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1964,4]]}},{"indexed":{"date-parts":[[2024,8,5]],"date-time":"2024-08-05T15:17:55Z","timestamp":1722871075941},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1943]]},"DOI":"10.2307\/2967427","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T23:38:14Z","timestamp":1150414694000},"page":"106","source":"Crossref","is-referenced-by-count":2,"title":["The Sources of War Finance in The German War Economy"],"prefix":"10.1093","volume":"10","author":[{"given":"H. W.","family":"Singer","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/10\/2\/106\/4397767\/10-2-106.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,24]],"date-time":"2017-08-24T00:38:27Z","timestamp":1503535107000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2967427"}},"issued":{"date-parts":[[1943]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1943]]}},"URL":"https:\/\/doi.org\/10.2307\/2967427","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1943]]}},{"indexed":{"date-parts":[[2025,9,10]],"date-time":"2025-09-10T23:16:10Z","timestamp":1757546170309},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1974,7]]},"DOI":"10.2307\/2296757","type":"journal-article","created":{"date-parts":[[2006,6,15]],"date-time":"2006-06-15T20:18:56Z","timestamp":1150402736000},"page":"383","source":"Crossref","is-referenced-by-count":9,"title":["Imperfection in the Capital Market and the Institutional Arrangement of Inheritance"],"prefix":"10.1093","volume":"41","author":[{"given":"Tsuneo","family":"Ishikawa","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/41\/3\/383\/4423301\/41-3-383.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T21:08:00Z","timestamp":1503522480000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296757"}},"issued":{"date-parts":[[1974,7]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1974,7]]}},"URL":"https:\/\/doi.org\/10.2307\/2296757","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1974,7]]}},{"indexed":{"date-parts":[[2026,3,6]],"date-time":"2026-03-06T13:39:57Z","timestamp":1772804397097,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1983,4]]},"DOI":"10.2307\/2297414","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:39:00Z","timestamp":1150418340000},"page":"221","source":"Crossref","is-referenced-by-count":209,"title":["Sequential Bargaining with Incomplete Information"],"prefix":"10.1093","volume":"50","author":[{"given":"Drew","family":"Fudenberg","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Jean","family":"Tirole","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/50\/2\/221\/4355731\/50-2-221.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T22:33:23Z","timestamp":1503527603000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297414"}},"issued":{"date-parts":[[1983,4]]},"references-count":0,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1983,4]]}},"URL":"https:\/\/doi.org\/10.2307\/2297414","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1983,4]]}},{"indexed":{"date-parts":[[2026,3,7]],"date-time":"2026-03-07T03:49:04Z","timestamp":1772855344285,"version":"3.50.1"},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"4","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1993,10,1]]},"DOI":"10.2307\/2298101","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T01:14:59Z","timestamp":1150420499000},"page":"813-836","source":"Crossref","is-referenced-by-count":275,"title":["Churning Bubbles"],"prefix":"10.1093","volume":"60","author":[{"given":"F.","family":"Allen","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"G.","family":"Gorton","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/60\/4\/813\/4473849\/60-4-813.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:42:17Z","timestamp":1503531737000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2298101"}},"issued":{"date-parts":[[1993,10,1]]},"references-count":0,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1993,10,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2298101","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1993,10,1]]}},{"indexed":{"date-parts":[[2025,12,4]],"date-time":"2025-12-04T01:44:50Z","timestamp":1764812690818},"reference-count":0,"publisher":"Oxford University Press (OUP)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1982,1]]},"DOI":"10.2307\/2297146","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:35:56Z","timestamp":1150418156000},"page":"137","source":"Crossref","is-referenced-by-count":50,"title":["Inventory and Price Behaviour"],"prefix":"10.1093","volume":"49","author":[{"given":"Patricia B.","family":"Reagan","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/49\/1\/137\/4469978\/49-1-137.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:06:59Z","timestamp":1503529619000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2297146"}},"issued":{"date-parts":[[1982,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1982,1]]}},"URL":"https:\/\/doi.org\/10.2307\/2297146","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1982,1]]}},{"indexed":{"date-parts":[[2024,6,2]],"date-time":"2024-06-02T20:13:52Z","timestamp":1717359232795},"reference-count":0,"publisher":"Oxford University Press (OUP)","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1974]]},"DOI":"10.2307\/2296374","type":"journal-article","created":{"date-parts":[[2006,6,16]],"date-time":"2006-06-16T00:17:39Z","timestamp":1150417059000},"page":"105","source":"Crossref","is-referenced-by-count":9,"title":["General Equilibrium with a Replenishable Natural Resource"],"prefix":"10.1093","volume":"41","author":[{"given":"Vernon L.","family":"Smith","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"286","container-title":["The Review of Economic Studies"],"link":[{"URL":"http:\/\/academic.oup.com\/restud\/article-pdf\/41\/5\/105\/4366488\/41-5-105.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2017,8,23]],"date-time":"2017-08-23T23:38:49Z","timestamp":1503531529000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/restud\/article-lookup\/doi\/10.2307\/2296374"}},"issued":{"date-parts":[[1974]]},"references-count":0,"URL":"https:\/\/doi.org\/10.2307\/2296374","ISSN":["0034-6527"],"issn-type":[{"value":"0034-6527","type":"print"}],"published":{"date-parts":[[1974]]}},{"indexed":{"date-parts":[[2022,4,5]],"date-time":"2022-04-05T20:21:56Z","timestamp":1649190116543},"reference-count":0,"publisher":"JSTOR","issue":"3","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["The Review of Economic Studies"],"published-print":{"date-parts":[[1941,6,1]]},"DOI":"10.2307\/restud\/8.3.188","type":"journal-article","created":{"date-parts":[[2012,12,10]],"date-time":"2012-12-10T21:10:44Z","timestamp":1355173844000},"page":"188-188","source":"Crossref","is-referenced-by-count":0,"title":["Books and Monographs Received"],"prefix":"10.2307","volume":"8","member":"1121","container-title":["The Review of Economic Studies"],"language":"en","deposited":{"date-parts":[[2018,4,18]],"date-time":"2018-04-18T16:47:18Z","timestamp":1524070038000},"score":0.0,"resource":{"primary":{"URL":"https:\/\/restud.oxfordjournals.org\/lookup\/doi\/10.2307\/restud\/8.3.188"}},"issued":{"date-parts":[[1941,6,1]]},"references-count":0,"journal-issue":{"issue":"3","published-print":{"date-parts":[[1941,6,1]]}},"URL":"https:\/\/doi.org\/10.2307\/restud\/8.3.188","ISSN":["0034-6527","1467-937X"],"issn-type":[{"value":"0034-6527","type":"print"},{"value":"1467-937X","type":"electronic"}],"published":{"date-parts":[[1941,6,1]]}}],"items-per-page":150,"query":{"start-index":0,"search-terms":null}}}