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Journal of Economic Literature
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#1Stef ProostH-Index: 28
Spatial economics aims to explain the location of economic activity. While the importance of the proximity to natural resources has declined considerably, distance and location have not disappeared from economic life. Recent work in spatial economics indicates that new forces, hitherto outweighed by natural factors, are shaping an economic landscape that, with its many barriers and large inequalities, is anything but flat. The location of economic activity is the outcome of a trade-off between d...
#1Caterina Calsamiglia (Catalan Institution for Research and Advanced Studies)
In order to clarify the potential impact of a basic income, we argue that any discussion on whether to adopt a basic income policy should be framed within the greater context of the transfer system as a whole. In particular, such discussion should consider separately the issues of (i) the desired income distribution to be achieved and (ii) the most efficient way of achieving it through a transfer system. Further, we stress the importance of the non-take-up phenomenon in current transfer systems ...
We provide an introduction to the recent developments in dynamic mechanism design, with a primary focus on the quasilinear case. First, we describe socially optimal (or efficient) dynamic mechanisms. These mechanisms extend the well-known Vickrey-Clark-Groves and D’Aspremont-Gerard-Varet mechanisms to a dynamic environment. Second, we discuss revenue optimal mechanisms. We cover models of sequential screening and revenue maximizing auctions with dynamically changing bidder types. We also discuss...
#1Randall Wright (Federal Reserve Bank of Chicago)H-Index: 51
#2Philipp KircherH-Index: 13
Last.Veronica Guerrieri (U of C: University of Chicago)H-Index: 13
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#1Sergei Guriev (European Bank for Reconstruction and Development)H-Index: 22
Chris Miller's book is a historian's account of Mikhail Gorbachev's efforts to save the Soviet economy. Miller focuses on the question of why Gorbachev did not follow Deng Xiaoping and did not manage to reform the economy. Miller argues that it was not for the lack of understanding (Gorbachev did invest in learning China's approach to reform and did understand it well), nor for the lack of trying. In fact, Gorbachev did try to implement Deng's agricultural and industrial enterprise reforms. Howe...
#1Ian Coxhead (UW: University of Wisconsin-Madison)H-Index: 19
China's dramatic rise from poverty to global economic prominence has been accompanied by an equally dramatic increase in environmental damages. The book under review presents an exploration of economic and political economy factors that might bring about a reversal in emissions that contribute to high pollution loadings in large urban areas. The authors highlight preference shifts associated with rapid growth of per capita income and express optimism about government responses to demands for a c...
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