Working Papers (2000 to present)

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13-05 James Albrecht, Pieter Gautier, Susan Vroman
Efficient Entry in Competing Auctions

13-04 Arik Levinson
Happiness as a Public Policy Tool
(Chapter __ in Research Handbook on Behavioral Law and Economics
Joshua Teitelbaum and Kathryn Zeiler, editors)

13-03 Arik Levinson
California Energy Efficiency:
Lessons for the Rest of the World, or Not?

13-02 Claire Brunel and Arik Levinson
Measuring Environmental Regulatory Stringency

13-01 Yongmin Chen and Marius Schwartz
Differential Pricing When Costs Differ: A Welfare Analysis

12-04 Martin Evans
International Capital Flows and Debt Dynamics

12-03 Luca Flabbi and James Mabli
Household Search or Individual Search: Does It Matter? Evidence from Lifetime Inequality Estimates.

12-02 Mark Huggett and Greg Kaplan
The Money Value of a Man

12-01 Martin Evans
Exchange-Rate Dark Matter

11-05 Garance Genicot, Orazio Attanasio, Abigail Barr, Juan Camilo Cardenas and Costas Meghir
Risk Pooling, Risk Preferences, and Social Networks

11-04 Luca Flabbi and A. Moro
The Effect of Job Flexibility on Women Labor Market Outcomes: Estimates from a Search and Bargaining Model ( Journal of Econometrics, forthcoming, 2011)

11-03 Pedro Gete and Paolo Porchia
Fertility and Consumption when Having a Child is a
Risky Investment

11-02 Pedro Gete and Paolo Porchia
A Real Options Analysis of Dual Labor Markets and the
Single Labor Contract

11-01 Dan Cao
Collateral Shortages, Asset Price and Investment
Volatility with Heterogeneous Beliefs

10-10 Garance Genioct and Debraj Ray
Inequality and Aspirations

10-09 Luca Flabbi and Marco Leonardi
Sources of Earnings Inequality: Estimates from an On-the-Job Search Model of the U.S. Labor Market (European Economic Review, 54(6): 832-854, 2010)

10-08 Pedro Gete
Housing Markets and Current Account Dynamic

10-7 Dan Cao
Racing Under Uncertainty: A Boundary Value Problem Approach

10-6 Dan Cao and Daron Acemoglu
Innovation by Entrants and Incumbents

10-5 Martin Evans and Alberto Fuertes
Understanding the Dynamics of the US External Position

10-4 Martin Evans and Dagfinn Rime
Micro Approaches to Foreign Exchange Determination
(The Handbook of Exchange Rates 2011)

10-3 Martin Evans
The Microstructure of Currency Markets
(Encyclopedia of Financial globalization 2011)

10-2 Mark Huggett and Greg Kaplan
Human Capital Values and Returns: Bounds Implied By Earnings and Asset
Returns Data

10-01 Jinhui Bai and Roger Lagunoff
Revealed Political Power

09-04 Arik Levinson
Pollution and International Trade in Services

09-03 Arik Levinson
Valuing Public Goods Using Happiness Data: The Case of Air Quality

09-02 Yongmin Chen and Marius Schwartz
Product Innovation Incentives: Monopoly vs. Competition

09-01 David Amdur
International Diversication in Debt vs Equity

08-06 Luca Flabbi and S. Paternostro and E. Tiongson
Returns to Education in the Economic Transition: a Systematic Assessment Using Comparable Data (Economics of Education Review, 27: 724-740, 2008)

08-05 Martin Evans
Order Flows and The Exchange Rate Disconnect Puzzle
(Journal of International Economics, February, 2010)

08-04 Rodney Ludema and Anna Maria Mayda
Do Countries Free Ride on MFN?

08-03 David Amdur
Capital Structure Over The Business Cycle

08-02 Jinhui Bai and Roger Lagunoff
On the Faustian Dynamics of Policy and Political Power

08-01 Luca Anderlini, Gino Gerardi, Roger Lagunoff
Communication and Learning

07-11 Martin Evans and Viktoria Hnatkovska
International Financial Integration and the Real Economy
(IMF Staff Papers, September, 2007)

07-10 Martin Evans and Richard Lyons
How Is Macro News Transmitted to Exchange Rates?
(Journal of Financial Economics, April 2008)

07-09 James Albrecht, Axel Anderson, and Susan Vroman
Search by Committee

07-08 Luca Flabbi and Daniele Checchi
Intergenerational Mobility and Schooling Decisions in Germany and Italy: the Impact of Secondary School Tracks

07-07 Luca Flabbi
Prejudice and Gender Differentials in the U.S. Labor Market in the Last Twenty Years

07-06 Jim Albrecht, Aico van Vuuren and Susan Vroman
Counterfactual Distributions with Sample Selection Adjustments: Econometric Theory and an Application to the Netherlands

07-05 Arik Levinson
Technology, International Trade, and Pollution from U.S. Manufacturing

07-04 Mark Huggett, Gustavo Ventura and Amir Yaron
Sources of Lifetime Inequality

07-03 Mark Hugget and Alejandro Badel
Interpreting Life-Cycle Inequality Patterns as an Efficient Allocation: Mission Impossible?

07-02 F.W. McElroy
Probability-of-Risk Aversion
and other Applications of Derivatives of the Certainty Equivalent

07-01 Luca Anderlini, Dino Gerardi, and Roger Lagunoff
Social Memory and Evidence from the Past

06-13 Martin Evans and Viktoria Hnatkovska
Financial Integration, Macroeconomic Volatility and Welfare
(Journal of the European Economic Association, 2007)

06-12 Ximena Pena
Assortative Matching and the Education Gap

06-11 Mark Huggett and Juan Carlos Parra
How Well Does the US Social Insurance System Provide Social Insurance?

06-10 T. Renee Bowen and Zaki Zahran
On Dynamic Compromise

06-09 Ludema Rodney D. and Taizo Takeno
Tariffs and the Adoption of Clean Technology under Asymmetric Information

06-08 Luca Anderlini, Leonardo Felli, and Andrew Postlewaite
Active Courts and Menu Contracts

06-07 Luca Anderlini, Leonardo Felli, and Andrew Postlewaite-
Should Courts Always Enforce What Contracting Parties Write?

06-06 James Albrecht, Lucas Navarro, and Susan Vroman
The Effects of Labor Market Policies in an Economy with an Informal Sector

06-05 Jinhui H. Bai and Ingolf Schwarz
Monetary Equilibria in a Cash-in-Advance Economy with Incomplete Financial Markets

06-04 Rodney D. Ludema and Anders Olofsgård
Delegation versus Communication in the Organization of Government

06-03 Anna Maria Mayda and Chad Steinberg
Do South-South Trade Agreements Increase Trade? Commodity-Level Evidence from COMESA

06-02 Giovanni Facchini and Anna Maria Mayda
Individual Attitudes towards Immigrants: Welfare-State Determinants Across Countries

06-01 Luca Anderlini, Dino Gerardi, and Roger Lagunoff
A `Super' Folk Theorem for Dynastic Repeated Games

04-16 Garance Genicot
Informal Insurance in Social Networks

04-15 William Jack
Optimal risk adjustment in a model with adverse selection and spatial competition

04-14 Marcela C. Perticara (Georgetown University/Ilades)
Wage Mobility Through Job Mobility

04-13 Felipe Balmaceda (University of Chile), Eduardo Saavedra (Georgetown University/Ilades)
Vertical Integration and Shared Facilities in Unregulated Industries

04-12 Julio Peña-Torres (Georgetown University/Ilades), Sebastián Vergara (EC), Michael Basch (University of Chile)
Downward Adjustments in a Cyclical Environment: The Case of Chilean Pelagic Fisheries

04-11 Claudio A. Agostini (Georgetown University/Ilades)
Tax Interdependence in the U.S. States

04-10 Claudio A. Agostini (Georgetown University/Ilades)
The Impact of State Corporate Taxes on FDI Location

04-09 Luca Anderlini, Dino Gerardi (Yale University), and Roger Lagunoff
The Folk Theorem in Dynastic Repeated Games

04-08 Luca Flabbi
Gender Discrimination Estimation in a Search Model with Matching and Bargaining

04-07 Roger Lagunoff
The Dynamic Reform of Political Institutions

04-06 Arik Levinson and Sjamsu Rahardja
Medicaid Stigma

04-05 Josh Ederington, Arik Levinson, and Jenny Minier
Trade Liberalization and Pollution Havens

04-04 Arik Levinson and M. Scott Taylor
Unmasking the Pollution Haven Hypothesis

04-03 Garance Genicot (Georgetown University) and Debraj Ray (New York University) and Instituto de An´alisis Econ´omico (CSIC)
Informal Insurance, Enforcement Constraints, and Group Formation

04-02 Gary Charness (University of California, Santa Barbara) and Garance Genicot (Georgetown University)
An Experimental Test of Risk-Sharing Arrangements

04-01 James Albrecht, Axel Anderson, Eric Smith and Susan Vroman (updated Feb.06)
A Matching Model of the Housing Market: Searching for a Motivated Partner

03-33 Martin Evans, H. Cao and Richard Lyons
Inventory Information
(The Journal Of Business, January, 2006)

03-32 Robert M. Hussey
Labor Turnover and the Dynamics of Labor Productivity

03-31 James Albrecht, Binh Nguyen, Susan Vroman and Daniel Westbrook
A Quantile Regression Decomposition of Urban-Rural Inequality in Vietnam

03-30 Garance Genicot and Debraj Ray
Contracts and Externalities: How Things Fall Apart

03-29 Luca Anderlini, Leonardo Felli & Andrew Postlewaite
Should Courts Always Enforce What Contracting Parties Write?

03-28 Nabil Al-Najjar, Luca Anderlini,& Leonardo Felli
Undescribable Events

03-27 Luca Anderlini & Leonardo Felli
Transaction Costs and the Robustness of the Coase Theorem

03-26 Luca Anderlini, Leonardo Felli, & Andrew Postlewaite
Courts of Law and Unforeseen Contingencies

03-25 Jim Albrecht & Susan Vroman
Matching with Multiple Applications: The Limiting Case

03-24 Lars Sondergaard
Using Instrumental Variables to Estimate the Share of Backward-Looking Firms

03-23 Jonathan Heathcote
Fiscal Policy with Heterogeneous Agents and Incomplete Markets

03-22 Jonathan Heathcote
On the Distributional Effects of Reducing Capital Taxes

03-21 Jonathan Heathcote
Housing and the Business Cycle

03-20 Jonathan Heathcote
Financial Globalization and Real Regionalization

03-19 Jonathan Heathcote
The Macroeconomic Implications of Rising Wage Inequality in the United States

03-18 Billy Jack
Poverty Reduction Using Self-Interested Intermediaries: Implications for the Design of Inter-governmental Transfers

03-17 Billy Jack
Comparing the Distortionary Effects of Alternative In-kind Intergovernmental Transfers

03-16 Billy Jack
Redistributing to the Sick: How Should Health Expenditures be Integrated into the Tax System?

03-15 Billy Jack & Jenny Lanjouw
Financing Pharmaceutical Innovation: When Should Poor Countries Contribute?

03-14 Billy Jack
The Organization of Public Service Provision

03-13 Billy Jack
Purchasing Health Care Services from Providers with Unknown Altruism

03-12 Mark Huggett
When are Comparative Dynamics Monotone?

03-11 Mark Huggett & Edouard Vidon
Precautionary Wealth Accumulation: A Positive Third Derivative is not Enough

03-10 Mark Huggett
Human Capital and Earnings Distribution Dynamics

03-09 Mark Huggett
Precautionary Wealth Accumulation

03-08 Andrew Feltenstein & Roger Lagunoff
International versus Domestic Auditing of Bank Solvency

03-07 Rodrigo Harrison & Roberto Munoz
Stability and Equilibrium Selection in a Link Formation Game

03-06 Rodrigo Harrison
Global Games with Strategic Substitutes

03-05 Christian Gonzalez & Arik Levinson
State Rainy Day Funds and the State Budget Crisis 2002-?

03-04 Josh Ederington, Arik Levinson, & Jenny Minier
Footlose and Pollution-Free

03-03 William Jack and Roger Lagunoff
Dynamic Enfranchisement

03-02 James Albrecht, Pieter Gautier, & Susan Vroman
Equilibrium Directed Search with Multiple Applications

03-01 David A. Malueg & Marius Schwartz
Interconnection Incentives of a Large Network Facing Multiple Rivals"

02-12 Martin Evans and Richard Lyons
Are Different-Currency Assets Imperfect Substitutes? (in Exchange Rate Economics: Where do we stand?
(MIT Press 2002)

02-11 Martin Evans and Richard Lyons
Informational Integration and FX Trading
(The Journal of International Money and Finance, December 2002)

02-10 Martin Evans
Real Risk, Inflation Risk and the Term Structure
(The Economic Journal, June 2003)

02-09 Debra Israel & Arik Levinson
Willingness to Pay for Environmental Quality: Testable Empirical Implications of the Growth and Environment Literature

02-08 Maria Cancian & Arik Levinson
Labor Supply and Participation Effects of the Earned Income Tax Credit: Evidence from the National Survey of America's Families and Wisconsin's Supplemental Benefit for Families with Three Children

02-07 Arik Levinson
Environmental Regulatory Competition: A Status Report and Some New Evidence

02-06 Yamin Ahmad
Money Market Rates and Implied CCAPM Rates: Some International Evidence

02-05 Roger Lagunoff & Matthew Haag
One Size and Structure of Group Cooperation

02-04 Roger Lagunoff
Credible Communication in Dynastic Government

02-03 Carol Rogers & Kenneth A. Swinnerton
A Theory of Exploitative Child Labor

02-02 Carol Rogers & Kenneth A. Swinnerton
Does Child Labor Decrease When Parental Incomes Rise

02-01 Marius Schwartz & Daniel R. Vincent
Same Price, Cash or Card: Vertical Control by Payment Networks

01-14 Luca Flabbi and A. Ichino
Productivity, Seniority, and Wages: new evidence from personnel data (Labour Economics, 8: 359-387, 2001)

01-13 Martin Evans and Richard Lyons
Portfolio Balance, Price Impact, and Secret Intervention
(synopsis in Financial Market Structure and Dynamics, Bank of Canada 2002)

01-12 Martin Evans and Richard Lyons
Order Flow and Exchange Rate Dynamics
(Journal of Political Economy, 2002)

01-11 Martin Evans and Richard Lyons
Time-Varying Liquidity in Foreign Exchange
(Journal of Monetary Economics, 2002)

01-10 Carol Rogers & Kenneth A. Swinnerton
Inequality, Productivity, and Child Labor: Theory and Evidence

01-09 Arik Levinson
Energy Use By Apartment Tenants When Landlords Pay For Utilities

01-08 Arik Levinson
The Ups and Downs of the Environmental Kuznets Curve

01-07 Anja Decressin
Tinkering With or Tackling Unemployment Compensation

01-06 Robert Hussey, S.J.
Evaluating Business Cycle Models with Labor Market Search

01-05 David A. Malueg & Marius Schwartz
Interconnection Incentives of a Large Network

01-04 David A. Malueg & Marius Schwartz
International Telecom Settlements: Gaming Incentives, Carrier Alliances, and Pareto-Suerior Reform

01-03 Luca Anderlini & Roger Lagunoff
Communication in Dynastic Repeated Games: 'Whitewashes' and 'Coverups'

01-02 Roger Lagunoff & Akihiko Matsui
Organizations & Overlapping Generations Games: Memory, Communication, and Altruism

01-01 F.W. McElroy
An Inequality Related to Chebyshev’s