Trends in Multi-Authored Papers in Economics

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Discussion Papers in Economics

Descending price auctions are adopted for goods that must be sold quickly and in private values environments, for instance in flower, fish, and tobacco auctions. In this paper, we introduce ex post efficient descending auctions for two environments: multiple non-identical items and buyers with unit-demand valuations; and multiple identical items and buyers with non-increasing marginal values. O...

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Discussion Papers in Economics

We examine a simple model of collusion under a single-object secondprice auction. Under the appropriate parameter conditions, in particular as long as collusion is neither too easy, nor too difficult, we find that the optimal policy involves both an effective ceiling, as well as a reserve price set at the lowest bidder valuation.

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Discussion Papers in Economics

Productivity differences can explain differences in economic growth across countries. It has been demonstrated that the presence of a foreign-owned multinational enterprise (MNE) in a developing country is one of the most important methods through which technology transfer occurs. This presence could be in the form of foreign direct investment (FDI), licensing, or imports from the developing co...

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Discussion Papers in Economics

We explain why China is a “chaotic” or “strange” attractor of FDI. It is an “attractor” because its FDI inflows increased steadily even though the world FDI inflows have decreased considerably in recent years. It is indeed “strange,” since its rates of FDI return are below the world average and predictions of its economic collapse are abundant. We find that Hong Kong and Taiwan are predominant ...

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Discussion Papers in Economics

This paper explores the effects of peers, friends, family, IQ and academic performance, observed in the last year of high school, on earnings at ages 35 and 53. All significantly affect earnings at both ages. The effects of IQ are much smaller than asserted in, for example, The Bell Curve, and badly overstated in the absence of controls for family, wider context or academic performance. Aspirat...

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ژورنال

عنوان ژورنال: Journal of Economic Perspectives

سال: 1996

ISSN: 0895-3309

DOI: 10.1257/jep.10.3.153