As economists took up the task of measuring the "demand" for environmental services not traded in markets, some chose to substituted survey-based methods known as contingent valuation (CV). Doing so, they could not help but find themselves in the uncomfortable position of self-evidently...

At the 2016 Academy of Management Conference, a group of distinguished compensation researchers held a panel discussion on the future of compensation research. Their remarks were compiled into an article published in this issue. Soon after the panel, Charles Fay commissioned a similar discussion...

This article takes place in the revision of the history of financial economics. The major argument is that the history of financial economics nowadays known was built to defend theoretical viewpoints, and therefore, to convince the scientific community to adopt these theories. More precisely,...

It is widely accepted that economics has changed significantly since the 1970s with the development of new data sources, new methods of analysis and the computer. This paper argues that this transformation of the discipline involves more than just a rise of empirical work: it involves a new...

We identify three separate stages in the post-World War II history of applied microeconomic research: A generally non-mathematical period; a period of consensus (from the 1960s through the early 1990s) characterized by the use of mathematical models, optimization and equilibrium to generate and...

1. Introduction -- 2. Two beginnings -- 3. The "Big 3." Simon, Katona, Leibenstein -- 4. It didn't just happen overnight -- 5. Leibenstein before X-efficiency theory -- 6. X-efficiency. An intervening variable -- 7. Empirical research on XE: : c 1967-1990 -- 8. XE among US financial institutions...