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DiNardo, John E. - 2010

This chapter provides a selective review of some contemporary approaches to program evaluation. One motivation for our review is the recent emergence and increasing use of a particular kind of "program" in applied microeconomic research, the so-called Regression Discontinuity (RD) Design of...

Persistent link: https://www.econbiz.de/10013143173

Capital Gains Taxation in an Economy with an "Austrian Sector"

Kovenock, Dan; Rothschild, Michael - 2021

This paper examines the effects of a proportional capital gains tax in an economy with an Austrian sector (with wine and trees) and an ordinary sector. We analyze the effect of capital gains taxation (on both an accrual and a realization basis) on the efficiency with which resources are used...

Persistent link: https://www.econbiz.de/10013249716

The Austrian Theory of the Marginal Use and of Ordinal Marginal Utility

Mcculloch, J. Huston - 2021

The Austrian theory of the "marginal use" is restated and extended. It is found that the Austrian concept of marginal …

Persistent link: https://www.econbiz.de/10013310605

A Sparsity-Based Model of Bounded Rationality

Gabaix, Xavier - 2011

This paper defines and analyzes a "sparse max" operator, which is a less than fully attentive and rational version of the traditional max operator. The agent builds (as economists do) a simplified model of the world which is sparse, considering only the variables of first-order importance. His...

Persistent link: https://www.econbiz.de/10013127754

The Microeconomics of Depression Unemployment

Margo, Robert A. - 2021

Microeconomic evidence reveals that the incidence and duration of unemployment in the 1930s varied significantly within the labor force. Long-term unemployment, which was especially high by historical standards, may have been exacerbated by federal relief policies

Persistent link: https://www.econbiz.de/10013218846

Do Subsidies to Commercial R&D Reduce Market Failures? Microeconomic Evaluation Studies

Klette, Tor Jakob; Møen, Jarle; Griliches, Zvi - 2021

A number of market failures have been associated with R&D investments and significant amounts of public money have been spent on programs to stimulate innovative activities. In this paper, we review some recent microeconomic studies evaluating effects of government sponsored commercial R&D. We...

Persistent link: https://www.econbiz.de/10013221941

Macroeconomic Analysis and Microeconomic Analyses of Labor Supply

Ashenfelter, Orley - 2021

This paper reports on the current status of the microeconomic research on labor supply behavior. The purpose is to direct attention to microeconomic research that may be helpful in the continuing evaluation of aggregate models designed to explain the dynamic behavior of wages, employment and...

Persistent link: https://www.econbiz.de/10013248274

The Microeconomics of Cryptocurrencies

Halaburda, Hanna; Haeringer, Guillaume; Gans, Joshua S.; … - 2022

Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions initially took place mostly on blogs and other popular media, we now are witnessing the emergence of a growing body of rigorous academic research on these topics. By the nature...

Persistent link: https://www.econbiz.de/10013307509

The Economics of Vouchers

Bradford, David F.; Shaviro, Daniel - 2021

This paper aims to provide a swift tour of the economic issues presented by vouchers and thus to fill an apparent gap in the literature for a basic survey of the subject. Among the issues it considers are: factors determining a voucher's cash-equivalence; reasons (such as paternalism,...

Persistent link: https://www.econbiz.de/10013227198

The Positive Economics of Methodology

Landsburg, Steve - 2007

Does an observation constitute stronger evidence for a theory if it was made after rather than before the theory was … formulated, when it may have influenced the theory's construction? Philosophers have discussed this question (of quot … and then constructs a theory) versus structural models with formal econometric tests (where a model is constructed before …

Persistent link: https://www.econbiz.de/10012776741

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