Now showing items 1-10 of 12
“Nash-in-Nash” Bargaining: A Microfoundation for Applied Work
© 2019 by The University of Chicago. All rights reserved. A “Nash equilibrium in Nash bargains” has become a workhorse bargaining model in applied analyses of bilateral oligopoly. This paper proposes a noncooperative foundation ...
Designing Climate Mitigation Policy
Seminal work by Weitzman (1974) revealed prices are preferred to quantities when marginal benefits are relatively flat compared to marginal costs. We extend this comparison to indexed policies, where quantities are proportional ...
Tom Sawyer and the construction of value
This paper challenges the common assumption that economic agents know their tastes. After reviewing previous research showing that valuation of ordinary products and experiences can be manipulated by non-normative cues, ...
Gender, Friendship and
Gender interacts in noteworthy ways with the vital bond of friendship. Women tend to emphasize self‐disclosure in friendships more often than men, whereas men stress shared activities and instrumentality. Patterns emerge ...
The Earned Income Tax Credit
Since its inception in 1975, the Earned Income Tax Credit (EITC) has grown into the largest, Federally-funded means-tested cash assistance program in the United States. In this chapter, we review the political history of ...