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The Theory of Local Public Goods Twenty-Five Years After Tiebout : A Perspective

Stiglitz, Joseph E. - 1982

This paper asks, under what conditions can the Fundamental Theorem of Welfare Economics be extended to economies with … redistributions) . Just as the Fundamental Theorem of Welfare Economics does not adequately reflect the vices and virtues of …

Persistent link: https://www.econbiz.de/10012478151

The Basic Analytics of Moral Hazard

Arnott, Richard J. - 1988

This paper develops the basic analytics of moral hazard, for the two-outcome case where either a fixed damage accident occurs or it does not. The analysis focuses on the relationship between the insurance premium paid and the insurance benefits received in the event of an accident, and is...

Persistent link: https://www.econbiz.de/10012476583

Undergraduate Econometrics Instruction : Through Our Classes, Darkly

Angrist, Joshua D. - 2017

The past half-century has seen economic research become increasingly empirical, while the nature of empirical economic research has also changed. In the 1960s and 1970s, an empirical economist's typical mission was to "explain" economic variables like wages or GDP growth. Applied econometrics...

Persistent link: https://www.econbiz.de/10012455537

What Did UWE Do for Economics?

Avilova, Tatyana; Goldin, Claudia - National Bureau of Economic Research - 2023

Economics is among the most popular undergraduate majors. However, even at the best research universities and liberal … arts colleges men outnumber women by two to one, and overall there are about 2.5 males to every female economics major. The … Undergraduate Women in Economics (UWE) Challenge was begun in 2015 for one year as a randomized controlled trial with 20 treatment …

Persistent link: https://www.econbiz.de/10014322819