Details about Andrew Caplin

E-mail:
Workplace:	Department of Economics, New York University (NYU), (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Andrew Caplin.

Last updated 2023-03-11. Update your information in the RePEc Author Service.

Short-id: pca77

---

Jump to Journal Articles Books Edited books Chapters

Working Papers

2024

1. Identification of Marginal Treatment Effects using Subjective Expectations
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Judging the Judges: Indexing of Complex Information Reduces Injustice
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

3. Economic Decision-Making Skill Predicts Income in Two Countries
   NBER Working Papers, National Bureau of Economic Research, Inc
4. Rationalizable Learning
   NBER Working Papers, National Bureau of Economic Research, Inc
5. Subjective Earnings Risk
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2022

6. Cognitive Decline, Limited Awareness, Imperfect Agency, and Financial Well-being
   NBER Working Papers, National Bureau of Economic Research, Inc
7. Communicating Social Security Reform
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
8. How Worker Productivity and Wages Grow with Tenure and Experience: The Firm Perspective
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
9. Modeling Machine Learning: A Cognitive Economic Approach
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2021

10. Data Engineering for Cognitive Economics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
11. Inattention and Inequity in School Matching
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2020

12. Framing, Information, and Welfare
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2019

13. Wishful Thinking
    NBER Working Papers, National Bureau of Economic Research, Inc

2018

14. Rational Inattention, Competitive Supply, and Psychometrics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2017

15. Older Americans Would Work Longer If Jobs Were Flexible
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
16. Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (48)

2016

17. The Long-Term-Care Insurance Puzzle: Modeling and Measurement
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)

2015

18. Long-Term-Care Utility and Late-in-Life Saving
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (64)
19. Social Learning and Selective Attention
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
20. The Wealth of Wealthholders
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2014

21. Revealed Preference, Rational Inattention, and Costly Information Acquisition
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)

2013

22. A Testable Theory of Imperfect Perception
    Levine's Working Paper Archive, David K. Levine View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (15)
23. Behavioral Implications of Rational Inattention with Shannon Entropy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (63)

2012

24. Defaults and Attention: The Drop Out Effect
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
25. Is the FHA Creating Sustainable Homeownership?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2010

26. A Graph Theoretic Approach to Markets for Indivisible Goods
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
27. Comparative Statics in Markets for Indivisible Goods
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
28. Reassessing FHA Risk
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)

2008

29. Trading Frictions and House Price Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    See also Journal Article Trading Frictions and House Price Dynamics, Journal of Money, Credit and Banking, Blackwell Publishing (2011) View citations (68) (2011)

2007

30. The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Bequest and Precautionary Motives
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)

2006

31. Home Equity Insurance: A Pilot Project
    Yale School of Management Working Papers, Yale School of Management View citations (8)

2004

32. Measuring Self-Control
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
33. The Absent-Minded Consumer
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    Also in 2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (8)

2002

34. Retirement Consumption: Insights from a Survey
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    See also Journal Article Retirement Consumption: Insights from a Survey, The Review of Economics and Statistics, MIT Press (2007) View citations (40) (2007)
35. Wealth Accumulation and the Propensity to Plan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)

2001

36. The social discount rate
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (22)
    See also Journal Article The Social Discount Rate, Journal of Political Economy, University of Chicago Press (2004) View citations (79) (2004)

1999

37. Durable Goods Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

1997

38. Psychological Expected Utility Theory and Anticipatory Feelings
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (1)

1994

39. Mass Layoffs and Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1993)
    See also Journal Article Mass layoffs and unemployment, Journal of Monetary Economics, Elsevier (2000) View citations (3) (2000)
40. The Economics of Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1993)

1993

41. Collateral Damage: How Refinancing Constraints Exacerbate Regional Recessions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
42. Miracle on Sixth Avenue: Information Externalities and Search
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (2)
    See also Journal Article Miracle on Sixth Avenue: Information Externalities and Search, Economic Journal, Royal Economic Society (1998) View citations (59) (1998)

1992

43. Aggregation and Optimization with State-Dependent Pricing
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (17)
    See also Journal Article Aggregation and Optimization with State-Dependent Pricing, Econometrica, Econometric Society (1997) View citations (105) (1997)
44. Business as Usual, Market Crashes, and Wisdom after the Fact
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (22)
    See also Journal Article Business as Usual, Market Crashes, and Wisdom after the Fact, American Economic Review, American Economic Association (1994) View citations (132) (1994)
45. Statistical Properties of Regulated Brownian Motion
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research

1991

46. Asymetric Information, Adjustment Costs and Market Dynamics
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (1)

1990

47. Aggregation and Imperfect Competition: On the Existence of Equilibrium
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (6)
    See also Journal Article Aggregation and Imperfect Competition: On the Existence of Equilibrium, Econometrica, Econometric Society (1991) View citations (395) (1991)
48. Aggregation and Social Choice: A Mean Voter Theorem
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (5)
    See also Journal Article Aggregation and Social Choice: A Mean Voter Theorem, Econometrica, Econometric Society (1991) View citations (143) (1991)

1989

49. Aggregation and Imperfect Competition: On the Existence of Equilibrium (Now published in Econometrica, vol.59, no.1 (Jan.1991), pp.25-29.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE
50. Aggregation and Social Choice: A Mean Voter Theorem (Now published in Econometrica, vol.59, No.1 (Jan.1991), pp.1-23.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

1987

51. Menu Costs and the Neutrality of Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (430)

1982

52. Scarf's Procedure for Integer Programming and a Dual Simplex Algorithm
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University

Journal Articles

2011

1. Experimental Economics: Rethinking the Rules, Nicholas Bardsley, Robin Cubitt, Graham Loomes, Peter Moffat, Chris Starmer, and Robert Sugden. Princeton University Press, 2010. viii + 375 pages
   Economics and Philosophy, 2011, 27, (2), 179-183
2. Search and Satisficing
   American Economic Review, 2011, 101, (7), 2899-2922 View citations (148)
3. Search, choice, and revealed preference
   Theoretical Economics, 2011, 6, (1) View citations (40)
4. The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Public Care Aversion from Bequest Motives
   Journal of Finance, 2011, 66, (2), 519-561 View citations (207)
5. Trading Frictions and House Price Dynamics
   Journal of Money, Credit and Banking, 2011, 43, 283-303 View citations (68)
   See also Working Paper Trading Frictions and House Price Dynamics, NBER Working Papers (2008) View citations (16) (2008)

2010

6. Economic Theory and the World of Practice: A Celebration of the ( S, s ) Model
   Journal of Economic Perspectives, 2010, 24, (1), 183-202 View citations (26)

2008

7. Economic Insights from "Neuroeconomic" Data
   American Economic Review, 2008, 98, (2), 169-74 View citations (1)

2007

8. Measuring Self-Control Problems
   American Economic Review, 2007, 97, (3), 966-972 View citations (141)
9. Retirement Consumption: Insights from a Survey
   The Review of Economics and Statistics, 2007, 89, (2), 265-274 View citations (40)
   See also Working Paper Retirement Consumption: Insights from a Survey, NBER Working Papers (2002) View citations (26) (2002)
10. Shared‐equity mortgages, housing affordability, and homeownership
    Housing Policy Debate, 2007, 18, (1), 209-242 View citations (8)
11. The Neuroeconomic Theory of Learning
    American Economic Review, 2007, 97, (2), 148-152 View citations (4)

2006

12. Equilibrium in a durable goods market with lumpy adjustment
    Journal of Economic Theory, 2006, 128, (1), 187-213 View citations (13)
13. The recursive approach to time inconsistency
    Journal of Economic Theory, 2006, 131, (1), 134-156 View citations (23)

2004

14. The Social Discount Rate
    Journal of Political Economy, 2004, 112, (6), 1257-1268 View citations (79)
    See also Working Paper The social discount rate, Discussion Paper / Institute for Empirical Macroeconomics (2001) View citations (11) (2001)
15. The supply of information by a concerned expert
    Economic Journal, 2004, 114, (497), 487-505 View citations (77)

2003

16. AIDS Policy and Psychology: A Mechanism-Design Approach
    RAND Journal of Economics, 2003, 34, (4), 631-46 View citations (39)

2000

17. Behavioral dimensions of retirement economics
    Journal of Policy Analysis and Management, 2000, 19, (4), 647-649
18. Mass layoffs and unemployment
    Journal of Monetary Economics, 2000, 46, (1), 121-142 View citations (3)
    See also Working Paper Mass Layoffs and Unemployment, NBER Working Papers (1994) View citations (1) (1994)

1998

19. Miracle on Sixth Avenue: Information Externalities and Search
    Economic Journal, 1998, 108, (446), 60-74 View citations (59)
    See also Working Paper Miracle on Sixth Avenue: Information Externalities and Search, Harvard Institute of Economic Research Working Papers (1993) View citations (2) (1993)

1997

20. Aggregation and Optimization with State-Dependent Pricing
    Econometrica, 1997, 65, (3), 601-626 View citations (105)
    See also Working Paper Aggregation and Optimization with State-Dependent Pricing, Harvard Institute of Economic Research Working Papers (1992) View citations (17) (1992)
21. Collateral Damage: Refinancing Constraints and Regional Recessions
    Journal of Money, Credit and Banking, 1997, 29, (4), 496-516 View citations (63)
22. Competition among Institutions
    Journal of Economic Theory, 1997, 72, (2), 306-342 View citations (41)
23. The Money Game
    New Economy, 1997, 4, (1), 26-29 View citations (2)

1996

24. Monetary Policy as a Process of Search
    American Economic Review, 1996, 86, (4), 689-702 View citations (52)
25. Trading Costs, Price, and Volume in Asset Markets
    American Economic Review, 1996, 86, (2), 192-96 View citations (6)

1994

26. Business as Usual, Market Crashes, and Wisdom after the Fact
    American Economic Review, 1994, 84, (3), 548-65 View citations (132)
    See also Working Paper Business as Usual, Market Crashes, and Wisdom after the Fact, Harvard Institute of Economic Research Working Papers (1992) View citations (22) (1992)

1992

27. Individuals and Institutions
    American Economic Review, 1992, 82, (2), 317-22 View citations (7)

1991

28. Aggregation and Imperfect Competition: On the Existence of Equilibrium
    Econometrica, 1991, 59, (1), 25-59 View citations (395)
    See also Working Paper Aggregation and Imperfect Competition: On the Existence of Equilibrium, Cowles Foundation Discussion Papers (1990) View citations (6) (1990)
29. Aggregation and Social Choice: A Mean Voter Theorem
    Econometrica, 1991, 59, (1), 1-23 View citations (143)
    See also Working Paper Aggregation and Social Choice: A Mean Voter Theorem, Cowles Foundation Discussion Papers (1990) View citations (5) (1990)

1988

30. On 64%-Majority Rule
    Econometrica, 1988, 56, (4), 787-814 View citations (106)

1986

31. Multi-dimensional Product Differentiation and Price Competition
    Oxford Economic Papers, 1986, 38, 129-45 View citations (5)

1985

32. The Variability of Aggregate Demand with (S, s) Inventory Policies
    Econometrica, 1985, 53, (6), 1395-1409 View citations (87)

Books

2008

1. The Foundations of Positive and Normative Economics: A Handbook
   OUP Catalogue, Oxford University Press View citations (147)

1997

2. Housing Partnerships: A New Approach to a Market at a Crossroads, vol 1
   MIT Press Books, The MIT Press View citations (44)

Edited books

2010

1. The Foundations of Positive and Normative Economics: A Handbook
   OUP Catalogue, Oxford University Press

Chapters

2017

1. Comment on "Survey Measurement of Probabilistic Economic Expectations: Progress and Promise"
   A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017, pp 472-478

2004

2. How Important Is Discrete Adjustment in Aggregate Fluctuations?
   A chapter in Growth and Productivity in East Asia, 2004, pp 351-376 View citations (1)