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Shopping Externalities and Self-Fulfilling Unemployment Fluctuations
NBER WORKING PAPER SERIES SHOPPING EXTERNALITIES AND SELF-FULFILLING UNEMPLOYMENT FLUCTUATIONS Greg Kaplan Guido Menzio Working Paper 18777 http://www.nber.org/papers/w18777 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2013 We thank the Kielts-Nielsen Data Center at the University of Chicago Booth School of Business for providing access to the Kielts-Nielsen Consumer Panel Dataset. We thank the editor, Harald Uhlig, and three anonymous referees for insightful and detailed suggestions that helped us revising the paper. We are also grateful to Mark Aguiar, Jim Albrecht, Michele Boldrin, Russ Cooper, Ben Eden, Chris Edmond, Roger Farmer, Veronica Guerrieri, Bob Hall, Erik Hurst, Martin Schneider, Venky Venkateswaran, Susan Vroman, Steve Williamson and Randy Wright for many useful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2013 by Greg Kaplan and Guido Menzio. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Shopping Externalities and Self-Fulfilling Unemployment Fluctuations Greg Kaplan and Guido Menzio NBER Working Paper No. 18777 February 2013, Revised October 2013 JEL No. D11,D21,D43,E32 ABSTRACT We propose a novel theory of self-fulfilling unemployment fluctuations. According to this theory, a firm hiring an additional worker creates positive external effects on other firms, as a worker has more income to spend and less time to search for low prices when he is employed than when he is unemployed. -
Economics 2009 Contents Highlights
Economics 2009 www.cambridge.org/economics Contents Highlights Economic Thought, Philosophy and Methodology 1 Econometrics 2 Econometric Society Monographs 3 Mathematical Methods and Pro- gramming 3 Microeconomics 4 Macroeconomics and Monetary Economics 5 International Economics 6 ➤ See page 22 World Trade Organization 8 ➤ See page 22 Finance and Financial Economics 10 ➤ See page 02 Public Economics and Political Economy 13 A Wealth of Knowledge and Learning… Institutional Economics 18 Industrial Organisation and Labour Economics 19 ...Economics Journals from Cambridge Business and Management 20 Economic History 22 1744-1374_4-1.qxd.goldlabel 15/1/08 09:46 Page 1 14747472_6-3.qxd.1stproof 26/10/07 11:59 Page 1 Economic Growth and Development 22 02662671_23-3.qxd.goldlabel.qxd 2/11/07 08:41 Page 1 81.7/')&+557''(&&.È+550'&*(#--', Journal of Institutional Economics volume 6 issue 3 november 2007 volume 6 issue 3 november 2007 THE JOURNAL OF THE HISTORY OF ECONOMIC THOUGHT ISSN 1744-1374 THE JOURNAL OF THE Journal of Volume 23 Number 3 November 2007 Economics Economics 22 Journal of HISTORY OF Institutional Journal of Journal of Economics Economics Pension Economics Journal of & Finance Pension Economics & F &Philosophy Environmental and Natural Re- Volume 23 Number 3 November 2007 ECONOMIC THOUGHT vol 4 • no 1 • APRIL 2008 Institutional & Economics ➤ See page 22 Pension Economics Phi 81.7/')&+557'' Articles articles Franz Dietrich and Strategy-Proof Judgment Aggregation 269 los source Economics 24 ➤ PMS 109 233 A model of the French pension reserve fund: what could be the optimal See page 10 Christian List &Philosophy THE JOURNAL OF THE Economics contribution path rate? ophy Igor Douven and The Discursive Dilemma as a Lottery Paradox 301 PMS Yellow 012 Yellow PMS Charlie Berger and Anne Lavigne & Finance Jan-Willem Romeijn Contents PMS 329 251 Behavioral effects of employer-sponsored retirement plans: evidence from Watson ◆ MARSHALL’S METAPHORS ON METHOD PP. -
Collaborate, Understand, Innovate
Collaborate, understand, innovate. 2013 Reports and Accounts his report describes the work that the UniCredit & Universities Foundation is doing to support the studies and research of TEurope’s brightest young minds. It details the full range of programs implemented by the foundation to assist promising young people develop original ideas in the fields of economics and finance. Collaboration, understanding, innovation, facilitation, selectivity and responsiveness are all key aspects of the UniCredit & Universities mission. These words express the motivations that underlie the foundation’s programs for students and researchers who want to make a difference. The foundation is committed to providing them with concrete solutions and tangible benefits that can clear a pathway to their future careers. At the heart of its activities, UniCredit & Universities listens closely to its scholars and fellows to ensure that it can provide them with direct and effective support. This is a vital part of the process of enabling them to focus on their work at the world’s best academic institutions. The foundation seeks to make these opportunities available to students and researchers in every community where UniCredit is present. Inside this report, you will find the full record of the activities and ideals embraced by UniCredit & Universities. The stories and statistics it contains are intended to further enhance foundation’s relationship with all of its stakeholders and reaffirm its commitment to its work. 2013 Reports and Accounts Collaborate Working more efficiently, with better results Effective academic work requires a willingness and an ability to interact well with everyone in the university environment. At UniCredit & Universities, collaboration is not only a way of working but also a mindset. -
Allied Social Science Associations Atlanta, GA January 3–5, 2010
Allied Social Science Associations Atlanta, GA January 3–5, 2010 Contract negotiations, management and meeting arrangements for ASSA meetings are conducted by the American Economic Association. i ASSA_Program.indb 1 11/17/09 7:45 AM Thanks to the 2010 American Economic Association Program Committee Members Robert Hall, Chair Pol Antras Ravi Bansal Christian Broda Charles Calomiris David Card Raj Chetty Jonathan Eaton Jonathan Gruber Eric Hanushek Samuel Kortum Marc Melitz Dale Mortensen Aviv Nevo Valerie Ramey Dani Rodrik David Scharfstein Suzanne Scotchmer Fiona Scott-Morton Christopher Udry Kenneth West Cover Art is by Tracey Ashenfelter, daughter of Orley Ashenfelter, Princeton University, former editor of the American Economic Review and President-elect of the AEA for 2010. ii ASSA_Program.indb 2 11/17/09 7:45 AM Contents General Information . .iv Hotels and Meeting Rooms ......................... ix Listing of Advertisers and Exhibitors ................xxiv Allied Social Science Associations ................. xxvi Summary of Sessions by Organization .............. xxix Daily Program of Events ............................ 1 Program of Sessions Saturday, January 2 ......................... 25 Sunday, January 3 .......................... 26 Monday, January 4 . 122 Tuesday, January 5 . 227 Subject Area Index . 293 Index of Participants . 296 iii ASSA_Program.indb 3 11/17/09 7:45 AM General Information PROGRAM SCHEDULES A listing of sessions where papers will be presented and another covering activities such as business meetings and receptions are provided in this program. Admittance is limited to those wearing badges. Each listing is arranged chronologically by date and time of the activity; the hotel and room location for each session and function are indicated. CONVENTION FACILITIES Eighteen hotels are being used for all housing. -
Michele Boldrin Spring 2017 a Primer on Growth Theory
Michele Boldrin Spring 2017 A Primer on Growth Theory Scope The purpose of this course is to introduce you to some of the basic dynamic general equilibrium concepts and models I believe useful to start understanding economic growth and macroeconomic fluctuations. No representative agent with log utility and a Cobb-Douglas production function will be found in this class, you have already seen them. Apart from discussing extensively the little we know, and the lot we do not know, about the empirics of economic growth and business cycles, we will make an effort to understand how to model heterogeneous agents and a disaggregated (or complicated if you like) production structure. Organizational details We will meet six times, for three hours each (with a break in the middle …). We will dedicate each meeting to a specific topic or issue. The first half of the meeting will be dedicated to “teaching the topic” and the second half to “discussing the topic”. I presume you will do some reading before each meeting and I will assign you specific suggestions as the time comes. There are no assigned textbooks, but a number of reference texts are listed below. I will be mailing you additional reading materials week by week, depending on how fast we proceed. Grading I will give you a take-home exam at the end of the course. Topics 1. Growth and Cycles, data and historical facts. The theory of growth and the theory of cycles. Understanding the aggregate neoclassical growth model and the origin of the so-called “new growth theory”. -
Adam Smith's Library”
Discuss this article at Journaltalk: https://journaltalk.net/articles/5990/ ECON JOURNAL WATCH 16(2) September 2019: 374–474 Foreword and Supplement to “Adam Smith’s Library: General Check-List and Index” Daniel B. Klein1 and Andrew G. Humphries2 LINK TO ABSTRACT To dwell in Adam Smith’s thought one places him in history and streams of discourse. We learn a bit about his personage from contemporary memoirs and accounts, his personal communications from his correspondence, and his influences from the allusions and references in his work. Also useful is the catalogue of his personal library. He did not much write inside the books he owned (Phillipson et al. 2019; Simpson 1979, 191), but Smith scholars use the listing of his personal library in interpreting his thought. The cataloguing of books belonging to Adam Smith has been the work of numerous scholars, the two chief figures being James Bonar (1852–1941) and Hiroshi Mizuta, who in September 2019 reached the age of 100 years. To aid scholarship, we here reproduce the checklist created by Mizuta (1967). We gratefully acknowledge the permission of both Professor Mizuta and the Royal Economic Society, which holds copyright. The 1967 checklist has been bettered, notably by Mizuta’s own complete account represented by Mizuta (2000). That work, however, does not lend itself to a handy checklist to be reproduced online. When Mizuta made the 1967 checklist, those of Smith’s books held by the University of Edinburgh had not all been recognized as such. When a librarian has a volume in hand, nearly the only way to determine that it had been in Smith’s library is by the presence of his bookplate, shown below. -
14.461: Part I: Technological Change
14.461: Part I: Technological Change Daron Acemoglu September 13, 2011 This course will cover selected topics in theoretical and empirical analysis of technological change. The course will draw both on Acemoglu, Introduction to Modern Economic Growth, Princeton University Press, 2008, and research articles. There will be three problem sets, which will count towards 30% of your …nal grade for this part of the course. The remaining 70% will be from a one half hour …nal examination at the end of the course (time to be determined). Topics Review of Basic Models of Endogenous Technological Progress (two lectures) Main reading: Acemoglu, Daron (2008) Introduction to Modern Economic Growth, Chap- ters 13 and 14. Jones, Charles I (1995) “Timeseries Tests of Endogenous Growth Models” Quarterly Journal of Economics, 110. Other references: Aghion, Philippe and Peter Howitt (1992) “A Model of Growth Through Creative Destruction”Econometrica, 60, 323-351 Aghion, Philippe and Peter Howitt (2008) The Economics of Growth, MIT, Cambridge. Backus, David, Patrick J. Kehoe and Timothy J. Kehoe (1992) “In Search of Scale E¤ects in Trade and Growth.” Journal of Economic Theory, 58, pp. 377-409. Grossman, Gene and Elhanan Helpman (1991) “Quality Ladders in the The- ory of Growth”Review of Economic Studies, 58, 43-61. Moser, Petra (2005) “How Do Patent Laws In‡uence Innovation? Evidence from Nineteenth-Century World Fairs” American Economic Review 95, 1214- 1236. Romer, Paul (1987) “Growth Based on Increasing Returns due to Special- ization”American Economic Review Papers and Proceedings, 77, 56-62 1 Romer, Paul M. (1990) “Endogenous Technological Change,” Journal of Political Economy 98, S71-S102. -
Da Vinci Code Research
The Da Vinci Code Personal Unedited Research By: Josh McDowell © 2006 Overview Josh McDowell’s personal research on The Da Vinci Code was collected in preparation for the development of several equipping resources released in March 2006. This research is available as part of Josh McDowell’s Da Vinci Pastor Resource Kit. The full kit provides you with tools to equip your people to answer the questions raised by The Da Vinci Code book and movie. We trust that these resources will help you prepare your people with a positive readiness so that they might seize this as an opportunity to open up compelling dialogue about the real and relevant Christ. Da Vinci Pastor Resource Kit This kit includes: - 3-Part Sermon Series & Notes - Multi-media Presentation - Video of Josh's 3-Session Seminar on DVD - Sound-bites & Video Clip Library - Josh McDowell's Personal Research & Notes Retail Price: $49.95 The 3-part sermon series includes a sermon outline, discussion points and sample illustrations. Each session includes references to the slide presentation should you choose to include audio-visuals with your sermon series. A library of additional sound-bites and video clips is also included. Josh McDowell's delivery of a 3-session seminar was captured on video and is included in the kit. Josh's personal research and notes are also included. This extensive research is categorized by topic with side-by-side comparison to Da Vinci claims versus historical evidence. For more information and to order Da Vinci resources by Josh McDowell, visit josh.davinciquest.org. http://www.truefoundations.com Page 2 Table of Contents Introduction: The Search for Truth.................................................................................. -
WHY COMPETITION in the POLITICS INDUSTRY IS FAILING AMERICA a Strategy for Reinvigorating Our Democracy
SEPTEMBER 2017 WHY COMPETITION IN THE POLITICS INDUSTRY IS FAILING AMERICA A strategy for reinvigorating our democracy Katherine M. Gehl and Michael E. Porter ABOUT THE AUTHORS Katherine M. Gehl, a business leader and former CEO with experience in government, began, in the last decade, to participate actively in politics—first in traditional partisan politics. As she deepened her understanding of how politics actually worked—and didn’t work—for the public interest, she realized that even the best candidates and elected officials were severely limited by a dysfunctional system, and that the political system was the single greatest challenge facing our country. She turned her focus to political system reform and innovation and has made this her mission. Michael E. Porter, an expert on competition and strategy in industries and nations, encountered politics in trying to advise governments and advocate sensible and proven reforms. As co-chair of the multiyear, non-partisan U.S. Competitiveness Project at Harvard Business School over the past five years, it became clear to him that the political system was actually the major constraint in America’s inability to restore economic prosperity and address many of the other problems our nation faces. Working with Katherine to understand the root causes of the failure of political competition, and what to do about it, has become an obsession. DISCLOSURE This work was funded by Harvard Business School, including the Institute for Strategy and Competitiveness and the Division of Research and Faculty Development. No external funding was received. Katherine and Michael are both involved in supporting the work they advocate in this report. -
IO Reading List
Economics 257 – MGTECON 630 Fall 2020 Professor José Ignacio Cuesta [email protected] Professor Liran Einav [email protected] Professor Paulo Somaini [email protected] Industrial Organization I: Reading List I. Imperfect Competition: Background Bresnahan, Tim “Empirical Studies with Market Power,” Handbook of Industrial Organization, vol. II, chap. 17. Einav, Liran and Jonathan Levin. “Empirical Industrial Organization: A Progress Report,” Journal of Economic Perspectives, 24(2), 145-162 (2010). Tirole, Jean. The Theory of Industrial Organization, Cambridge, MA: MIT Press, 1988. A. Test of Market Power Ashenfelter, O., and D. Sullivan, “Nonparametric Tests of Market Structure: An Application to the Cigarette Industry,” Journal of Industrial Economics 35, 483-498, (1989). Baker, J., and T. Bresnahan, “Estimating the residual demand curve facing a single firm,” International Journal of Industrial Organization 6(3), 283-300, (1988). Corts, K., “Conduct Parameters and the Measurement of Market Power,” Journal of Econometrics 88, 227-225, (1999). Genesove, D. and W. Mullin, “Testing Static Oligopoly Models: Conduct and Cost in the Sugar Industry, 1890-1914,” Rand Journal of Economics 29(2), 355-377, (1989). Stigler, G. “A Theory of Oligopoly,” The Journal of Political Economy, 72(1), 44-61, (1964) Sumner, D., “Measurement of Monopoly Behavior: An Application to the Cigarette Industry,” Journal of Political Economy 89, 1010-1019, (1981). Wolfram, C., “Measurement of Monopoly Behavior: An Application to the Cigarette Industry,” American Economic Review 89($), 805-826, (1999). B. Differentiated Products Anderson, S. P., A. de Palma, and J. F. Thisse, Discrete Choice Theory of Product Differentiation, Chapters 1-5, Cambridge: MIT Press, (1992). Caplin, A., and B. -
Structural Methods for Labor Economics Fall 2008 Course
Department of Economics, UC Berkeley Economics 250c: Structural Methods for Labor Economics Fall 2008 Course Outline and Reading List The goal of the course is to provide a selective overview of more “structural” methods in labor economics and empirical micro, including single period models and dynamic choice problems. Students are assumed to be familiar with basic econometrics and consumer demand theory, and with “reduced form” methods such as regression, instrumental variables, etc. Three recommended text books are: J. Angist and S. Pischke, Mostly Harmless Econometrics. Princeton Press, forthcoming 2008. I have managed to get an advanced copy of this text -- paper copies will be available to class members. This is highly recommended for people who want to catch up on classic reduced form methods. K. Train, Discrete Choice Methods with Simulation. Cambridge U. Press, 2003. J. Adda and R. Cooper, Dynamic Programming: Theory and Applications. MIT Press, 2003. These three are all relatively easy reading. I also recommend the “What’s New in Econometrics?” (WNiE) lectures by G. Imbens and J. Wooldridge (especially lectures 6, 11, 9, and 7, in that order) which are available at the NBER website. Preliminary Outline (Incomplete and subject to additions/changes). 1. Introductory Lecture: Structural vs. Alternative Approaches Background reading: Daniel McFadden. “Economics Choices.” AER, June 2001. Edward E. Leamer. “Let's Take the Con Out of Econometrics.” AER March 1983. 2. Simple Static Choice Models Michael Ransom. “An Empirical Model of Discrete and Continuous Choice in Family Labor Supply.” Review of Economics and Statistics 69 (3) (1987): 465-472. (See also: Michael Ransom. -
2013 Annual Report
International Association for Feminist Economics 2013 Annual Report www.iaffe.org 2013 Annual Report A vision, a promise … providing a space for research-based activism IAFFE The International Association for Feminist Economics is an open, diverse community of academics, activists, policy theorists, and practitioners from around the world. Our common cause is to further gender-aware and inclusive economic inquiry and policy analysis with the goal of enhancing the well-being of children, women, and men in local, national, and transnational communities. By opening new areas of economic inquiry, welcoming diverse voices, and encouraging critical exchanges, IAFFE’s many activities and award-winning journal provide needed space for a variety of theoretical perspectives and advance gender- based research on contemporary economic issues. A Tradition of Gender Research Hunger and food security have long been central issues in feminist economic analyses. Despite a decrease in the number of hungry people, nearly one in nine people worldwide do not have enough to eat; in sub-Saharan Africa, the number is one in four. The global boom in farmland and land grabs by richer countries demonstrate the urgency of investigating the multifaceted nature of global food insecurity. IAFFE members Dzodzi Tsikata and John Awetori Yaro are a few of the researchers working to better understand the gendered implications of commercial and land transactions on livelihoods in some highly impoverished communities. Their work on land transactions in rural Ghana and the work of other researchers will appear in a special issues of Feminist Economics supported by the Ford Foundation entitled, “Land, Gender, and Food Security.” Cover photo of women in a market in St.