The Review of Economic Studies

1933 - 2025

Current editor(s): Thomas Chaney, Xavier d’Haultfoeuille, Andrea Galeotti, Bård Harstad, Nir Jaimovich, Katrine Loken, Elias Papaioannou, Vincent Sterk and Noam Yuchtman

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Volume 72, issue 4, 2005

Market Provision of Broadcasting: A Welfare Analysis pp. 947-972

Simon Anderson and Stephen Coate

Uncertainty and Consumer Durables Adjustment pp. 973-1007

Giuseppe Bertola, Luigi Guiso and Luigi Pistaferri

The Market for Sweepstakes pp. 1009-1029

Soo Hong Chew and Guofu Tan

Monotonicity and Rationalizability in a Large First Price Auction pp. 1031-1055

Inkoo Cho

Unravelling of Dynamic Sorting pp. 1057-1076

Ettore Damiano, Hao Li and Wing Suen

Testing for Localization Using Micro-Geographic Data pp. 1077-1106

Gilles Duranton and Henry Overman

Estimation and Testing of Forecast Rationality under Flexible Loss pp. 1107-1125

Graham Elliott, Allan Timmermann and Ivana Komunjer

The Timing of Purchases and Aggregate Fluctuations pp. 1127-1151

John Leahy and Joseph Zeira

Poverty and Witch Killing pp. 1153-1172

Edward Miguel

The Economics of Clear Advice and Extreme Options pp. 1173-1198

Dezsö Szalay

Volume 72, issue 3, 2005

Strategic Liquidity Supply and Security Design pp. 615-649

Bruno Biais and Thomas Mariotti

The Intergenerational State Education and Pensions pp. 651-664

Michele Boldrin and Ana Montes

Gross Credit Flows pp. 665-685

Giovanni Dell'ariccia and Pietro Garibaldi

Self-Regulation and Government Oversight pp. 687-706

Peter DeMarzo, Michael J. Fishman and Kathleen M. Hagerty

Monetary Policy and Exchange Rate Volatility in a Small Open Economy pp. 707-734

Jordi Galí and Tommaso Monacelli

Consistent Testing for Stochastic Dominance under General Sampling Schemes pp. 735-765

Oliver Linton, Esfandiar Maasoumi and Yoon-Jae Whang

Taxes, Regulations, and the Value of U.S. and U.K. Corporations pp. 767-796

Ellen McGrattan and Edward Prescott

Dynamic Seemingly Unrelated Cointegrating Regressions pp. 797-820

Nelson Mark, Masao Ogaki and Donggyu Sul

Time Varying Structural Vector Autoregressions and Monetary Policy pp. 821-852

Giorgio Primiceri

Household Electricity Demand, Revisited pp. 853-883

Peter C. Reiss and Matthew W. White

Negative Externalities and Evolutionary Implementation pp. 885-915

William H. Sandholm

Likelihood Evidence on the Asset Returns Puzzle pp. 917-946

Mike Tsionas

Volume 72, issue 2, 2005

Judgemental Overconfidence, Self-Monitoring, and Trading Performance in an Experimental Financial Market pp. 287-312

Bruno Biais, Denis Hilton, Karine Mazurier and Sébastien Pouget

The Cost of Recessions Revisited: A Reverse-Liquidationist View pp. 313-341

Ricardo Caballero and Mohamad L. Hammour

Measurement Error Models with Auxiliary Data pp. 343-366

Xiaohong Chen, Han Hong and Elie Tamer

Partisan Social Happiness pp. 367-393

Rafael Di Tella and Robert MacCulloch

The Effects of Health, Wealth, and Wages on Labour Supply and Retirement Behaviour pp. 395-427

Eric French

The Revealed Preference Theory of Changing Tastes pp. 429-448

Faruk Gul and Wolfgang Pesendorfer

A Bayesian Approach to Uncertainty Aversion pp. 449-466

Yoram Halevy and Vincent Feltkamp

Efficient Sorting in a Dynamic Adverse-Selection Model pp. 467-497

Igal Hendel, Alessandro Lizzeri and Marciano Siniscalchi

Generalized Spectral Tests for Conditional Mean Models in Time Series with Conditional Heteroscedasticity of Unknown Form pp. 499-541

Yongmiao Hong and Yoon-Jin Lee

Endogenous Games and Mechanisms: Side Payments Among Players pp. 543-566

Matthew Jackson and Simon Wilkie

An Efficient Multi-Unit Ascending Auction pp. 567-592

Motty Perry and Philip Reny

The Effects of a Right to Silence pp. 593-614

Daniel J. Seidmann

Volume 72, issue 1, 2005

Semiparametric Difference-in-Differences Estimators pp. 1-19

Alberto Abadie

Optimal Taxation when Consumers Have Endogenous Benchmark Levels of Consumption pp. 21-42

Andrew B. Abel

Special Interests and Technological Change pp. 43-56

Giorgio Bellettini and Gianmarco Ottaviano

Compensating Variation and Hicksian Choice Probabilities in Random Utility Models that are Nonlinear in Income pp. 57-76

John K. Dagsvik and Anders Karlström

Wages, Experience and Seniority pp. 77-108

Christian Dustmann and Costas Meghir

Engines of Liberation pp. 109-133

Jeremy Greenwood, Ananth Seshadri and Mehmet Yorukoglu

Outsourcing in a Global Economy pp. 135-159

Gene M. Grossman and Elhanan Helpman

Fiscal Policy with Heterogeneous Agents and Incomplete Markets pp. 161-188

Jonathan Heathcote

The Relationship Between Education and Adult Mortality in the United States pp. 189-221

Adriana Lleras-Muney

Money and Prices Under Uncertainty pp. 223-246

Tomoyuki Nakajima and Herakles Polemarchakis

Meetings with Costly Participation: An Empirical Analysis pp. 247-268

Matthew Turner and Quinn Weninger

Environmental Protection: A Theory of Direct and Indirect Competition for Political Influence pp. 269-286

Zhihao Yu

Volume 71, issue 4, 2004

Money and Information pp. 915-944

Aleksander Berentsen and Guillaume Rocheteau

Constrained Indirect Estimation pp. 945-973

Giorgio Calzolari, Gabriele Fiorentini and Enrique Sentana

Gradualism in Bargaining and Contribution Games pp. 975-1000

Olivier Compte and Philippe Jehiel

From Physical to Human Capital Accumulation: Inequality and the Process of Development pp. 1001-1026

Oded Galor and Omer Moav

Empirical Analysis of Limit Order Markets pp. 1027-1063

Burton Hollifield, Robert A. Miller and Patrik Sandås

A Perpetual Race to Stay Ahead pp. 1065-1088

Johannes Hörner

Strategic Pricing, Consumer Search and the Number of Firms pp. 1089-1118

Maarten C. W. Janssen and Jose Moraga-Gonzalez

The Agency Cost of Internal Collusion and Schumpeterian Growth pp. 1119-1141

David Martimort and Thierry Verdier

Does Poaching Distort Training? pp. 1143-1162

Espen Moen and Åsa Rosén

Efficient Mechanisms for Public Goods with Use Exclusions pp. 1163-1188

Peter Norman

Educational Financing and Lifetime Earnings pp. 1189-1216

Robert M. Sauer

Optimal Taxation with Private Government Information pp. 1217-1239

Christopher Sleet

Volume 71, issue 3, 2004

A Dynamic Analysis of the Market for Wide-Bodied Commercial Aircraft pp. 581-611

C. Lanier Benkard

Limit Theorems for Estimating the Parameters of Differentiated Product Demand Systems pp. 613-654

Steven Berry, Oliver Linton and Ariel Pakes

Endogeneity in Semiparametric Binary Response Models pp. 655-679

Richard Blundell and James Powell

Regulating Exclusion from Financial Markets pp. 681-707

Philip Bond and Arvind Krishnamurthy

Twenty Years of Rising Inequality in U.S. Lifetime Labour Income Values pp. 709-742

Audra Bowlus and Jean-Marc Robin

Wealth Inequality and Intergenerational Links pp. 743-768

Mariacristina De Nardi

Precautionary Wealth Accumulation pp. 769-781

Mark Huggett

Monopoly Power and Distribution in Fragmented Markets: The Case of Groundwater pp. 783-808

Hanan Jacoby, Rinku Murgai and Saeed Ur Rehman

Informational Size and Efficient Auctions pp. 809-827

Richard McLean and Andrew Postlewaite

Party Formation and Policy Outcomes under Different Electoral Systems pp. 829-853

Massimo Morelli

Fooling All of the People Some of the Time: A Theory of Endogenous Sequencing in Confidential Negotiations pp. 855-881

Thomas Noe and Jun Wang

Balance Sheet Effects, Bailout Guarantees and Financial Crises pp. 883-913

Martin Schneider and Aaron Tornell

Volume 71, issue 2, 2004

Optimal Lending Contracts and Firm Dynamics pp. 285-315

Rui Albuquerque and Hugo A. Hopenhayn

Collusion and Price Rigidity pp. 317-349

Susan Athey, Kyle Bagwell and Chris Sanchirico

Arms Races and Negotiations pp. 351-369

Sandeep Baliga and Tomas Sjöström

Overturning Mundell: Fiscal Policy in a Monetary Union pp. 371-396

Russell Cooper and Hubert Kempf

Strategic Delegation By Unobservable Incentive Contracts pp. 397-424

Levent Kockesen and Efe Ok

Limited Depth of Reasoning and Failure of Cascade Formation in the Laboratory pp. 425-441

Dorothea Kübler and Georg Weizsäcker

Social Learning from Private Experiences: The Dynamics of the Selection Problem pp. 443-458

Charles Manski

Business Creation and the Stock Market pp. 459-481

Claudio Michelacci and Javier Suarez

Competition Between Networks: A Study of the Market for Yellow Pages pp. 483-512

Marc Rysman

Piece Rates, Fixed Wages and Incentives: Evidence from a Field Experiment pp. 513-534

Bruce Shearer

Wage-Tenure Contracts in a Frictional Labour Market: Firms' Strategies for Recruitment and Retention pp. 535-551

Margaret Stevens

The Right Man for the Job pp. 553-580

C. N. Teulings and Pieter Gautier

Volume 71, issue 1, 2004

Investment Incentives in Procurement Auctions pp. 1-18

Leandro Arozamena and Estelle Cantillon

How Efficiently is Capital Allocated? Evidence from the Knitted Garment Industry in Tirupur pp. 19-42

Abhijit Banerjee and Kaivan Munshi

A Pure Theory of Job Security and Labour Income Risk pp. 43-61

Giuseppe Bertola

Filtering Returns for Unspecified Biases in Priors when Testing Asset Pricing Theory pp. 63-86

Peter Bossaerts

Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders pp. 87-113

Giancarlo Corsetti, Amil Dasgupta, Stephen Morris and Hyun Song Shin

Voting on Majority Rules pp. 115-132

Matthias Messner and Mattias K Polborn

Market News in Commodity Price Theory: Application to the Ethiopian Grain Market pp. 133-164

Theresa Osborne

Committee Design with Endogenous Information pp. 165-191

Nicola Persico

Persistence of Employment Fluctuations: A Model of Recurring Job Loss pp. 193-215

Michael Pries

Is Grameen Lending Efficient? Repayment Incentives and Insurance in Village Economies pp. 217-234

Ashok S. Rai and Tomas Sjöström

Supermarket Choice and Supermarket Competition in Market Equilibrium pp. 235-263

Howard Smith

Mass Media Competition, Political Competition, and Public Policy pp. 265-284

David Strömberg