Knowledge that Transforms

Previous articleNext article FreeRecent RefereesPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJournal of Political Economy acknowledges the assistance of:Ran AbramitzkyJerome AddaAchyuta AdhvaryuHassan AfrouziFrancesco AgostinelliMarina AgranovLuis AguiarGabriel AhlfeldtAnders AkermanFrancesco AmodioOla AnderssonIsaiah AndrewsJose ApesteguiaPeter ArcidiaconoCarolina ArteagaDavid AtkinChristopher AveryScott BakerTetyana BalyukMarco BassettoJess BenhabibAllen BergerTheodore BergstromMichael BestSourav BhattacharyaManudeep BhullerSaki BigioMark BilsJaroslav BorovičkaJonathan BrogaardAline ButikoferIvan CanayDavide CantoniAlexander CappelenHector ChadeKam ChanLaurens CherchyeJudith ChevalierGabe Chodorow-ReichJeffrey ClemensAllan Collard-WexlerCody CookSimon CowanJanet CurrieEszter CziborGordon DahlMelissa DellManasi DeshpandeFrancesc DilmeDavid DornJoseph DoyleAnna Dreber AlmenbergMehmet EkmekciGlenn EllisonBenjamin EnkeLarry EpsteinHanming FangHenry FarberErnst FehrShuaizhang FengJon H. FivaOlle FolkeAndrew FosterEric FrenchChao FuYana GallenPeter GanongJorge Luis GarciaAlvaro Garcia MarinChristopher GarmonPieter GautierXavier GiroudBart GolsteynFrancois GourioTal GrossRaymond GuiterasKareem HaggagBen HandelBenjamin HansenNikolaj HarmonDavid HémousJonas HjortScott HolladayCosmin IlutNir JaimovichPamela JakielaGregor JaroschDavid Jimenez-GomezCharles JonesBoyan JovanovicBruno JullienAdam KaporKristian Bernt KarlsonMaximilian KasyAyumu KikkawaPhilipp KircherAndras KissPatrick KlineAsen KochovRalph KoijenAnton KolotilinAnton KorinekAndreas KotsadamAmanda KowalskiArvind KrishnamurthyZoe KuehnMoritz KuhnPablo KurlatNicola LaceteraRasmus LandersoeKevin LangFabian LangeJacob LaRiviereMichael LeeDavid LeeJosh LernerJustin LeungEdwin LeuvenSteven LevittShengwu LiIlse LindenlaubXiaodong LiuAlessandro LizzeriLee LockwoodKatrine LokenJingfeng LuJay LuMargaux LufladeErzo LuttmerGiovanni MastrobuoniMaurizio MazzoccoAtif MianKevin MilliganJosepa (Pepita) Miquel-FlorensaAhmed MobarakSidharth MoktanBenny MoldovanuCorina MommaertsMelanie MortenChristian MoserPetra MoserJack MountjoyRebecca MyersonJesse NaidooDavid NeumarkYew-Kwang NgAntonella NoccoScott OrrMatthew OsborneAdam OsmanAmanda PallaisJessica PanCecilia ParlatoreNicola PavaniniHarry PeiPaolo Giovanni PiacquadioJustin PierceRodrigo PintoRoland RathelotImke ReimersPascual RestrepoJames RobertsGuillaume RocheteauRichard RosenMark RosenzweigEsteban Rossi-HansbergMaya Rossin-SlaterJohn RustFelipe SaffieHeather SarsonsKlaus SchmidtMatthew SerflingCarl ShapiroAjay ShenoyHenrik SigstadChristopher SimsAndrzej SkrzypaczDag Einar SommervollIsaac SorkinMichelle SovinskyCharles SprengerStefanie StantchevaMeredith StartzMelvin StephensDavid StrombergAshley SwansonHuan TangDmitry TaubinskyVeikko ThieleDanna ThomasPeter ThompsonPetra ToddMirco ToninAlexander TorgovitskyFabrice TourreChristopher UdryArthur van BenthemStijn Van NieuwerburghJohn Van ReenenDimitri VayanosJulian Vedeler JohnsenFrederic VermeulenRajiv VohraNico VoigtlaenderMatthew WeinbergMarek WeretkaBen WilliamsChristian WolfAsher WolinskyArlene WongRandall WrightYanhui WuErte XiaoYuichi YamamotoMotohiro YogoNoam YuchtmanGiulia ZacchiaBasit ZafarSeth ZimmermanUlf Zoelitz Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 128, Number 2February 2020 Article DOIhttps://doi.org/10.1086/708481 © 2020 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous articleNext article FreeRecent RefereesPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJournal of Political Economy acknowledges the assistance of:Jerome AddaSumit AgarwalAlberto AlesinaFranklin AllenTreb AllenOmar Al-UbaydliDiego AmadorDavid AndolfattoDavid ArseneauEnghin AtalayAdrien AuclertGhazala AzmatNicholas BarberisMarco BattagliniChristian BayerSascha BeckerMartin BerajaDirk BergemannV. BhaskarJavier BianchiTeodora BonevaPedro BordaloMichael BordoEthan Bueno de MesquitaAline ButikoferJohn CampbellClément CarbonnierDavid ChanKerwin CharlesGabe Chodorow-ReichEugene ChooSteve CicalaRobert ClarkJohn CochraneMike ConlinChris ConlonPatricia CortesPeter CramtonBrendan DaleyLancelot Henry de FrahanMariacristina De NardiEddie DekelMarco Del NegroKlaus DesmetAngela DillsMichael DinersteinWill DobbieGary DushnitskyPiotr DworczakRoss EmmettMichael EwensNatalia FabraDavid FiglioRaymond FismanNicola Fuchs-SchuendelnXavier GabaixGarance GenicotMatthew GentzkowGeorge GeorgiadisGene GrossmanZachary GrossmanRobert HallWilliam HanlonGlenn HarrisonJ. HendersonKyle HerkenhoffJonas HjortJustin HolzRichard HornbeckLars HornufTanjim HossainChristopher HouseDaniel HungermanSebastian InfantePamela JakielaAkshaya JhaBoyan JovanovicPhillip JungBen KeysAlan KrauseIlan KremerKurt LavettiBenjamin LesterArthur LewbelFei LiQi LiEthan LieberMikael LindahlIlse LindenlaubCe LiuLee LockwoodKatrine LokenMichael LovenheimErzo LuttmerRocco MacchiavelloGiovanni MastrobuoniFilip MatejkaSteven MelloXin MengKonrad MenzelMargaret MeyerMoritz Meyer-ter-VehnSidharth MoktanJack MountjoyToshihiko MukoyamaDavid NeumarkJ. Peter NilssonGeorg NoldekeEmily OsterErkut OzbayMatthew PanhansEduardo Perez-RichetEric PlugLuis RayoJean-Marc RobinArthur RobsonGuillaume RocheteauMatthias RodemeierMauricio RomeroNikolai RoussanovSutanuka RoyNicholas RyanEvan SadlerSally SadoffKota SaitoYuval SalantLaura SalisburyAndres SantosMichael SattingerDavid SchoenherrDaniel SchunkJohannes SchwarzerAdam ShapiroMoses ShayoDavid SilverAndrzej SkrzypaczStefanie StantchevaAmanda StarcTomasz StrzaleckiJan StuhlerRebecca L. ThorntonPetra ToddJoseph VavraCarlos VeghMiguel Villas-BoasHans VothJoel WaldfogelJohn WallisSimon WeberRalph WinterGavin WrightDanny YaganM. Bumin YenmezDennis ZhangJin ZhouEkaterina Zhuravskaya Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 128, Number 1January 2020 Article DOIhttps://doi.org/10.1086/708017 Views: 609Total views on this site © 2020 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous article FreeJPE Turnaround Times, Previous Two YearsPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJPE Turnaround Times, Previous Two Years Outcome of 1st Round DecisionsMean Days to DecisionMedian Days to DecisionDecision Later than Six Months after Submission (as percentage of decisions within decision type)Desk Rejection48%970%Reject with Reviews44%1179513%Revise8%17715539%Average time from original submission to acceptance (omitting time with author in revision) = 446 daysView Table Image Previous article DetailsFiguresReferencesCited by Journal of Political Economy Volume 128, Number 2February 2020 Article DOIhttps://doi.org/10.1086/707709 © 2020 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous articleNext article FreeRecent RefereesPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJournal of Political Economy acknowledges the assistance of: Martin AbelJohannes AbelerEliot AbramsMarina AgranovAlberto AlesinaSandro AmbuehlFrancisca AntmanPeter ArcidiaconoEnghin AtalayGhazala AzmatScott BakerJere BehrmanV. BhaskarCarola BinderAnna BindlerCorina BoarMark BorgschulteJaroslav BorovickaSerguey BraguinskyWilliam BranchIvan CanayDavide CantoniScott CarrellAlain CohnZoe CullenSteven DavisClement de ChaisemartinAlessandro De ChiaraGeoffroy de ClippelLancelot Henry de FrahanMelissa DellJoppe de ReeEllora DerenoncourtWouter DesseinDave DonaldsonOlivier DonniLaura DovalOrla DoyleMartin DufwenbergJonathan EatonMark EganGraham ElliottNiklas EngbomJack FanningAna FernandesRaymond FismanJon H. FivaMarco FrancesconiAnderson FreyThomas FujiwaraAndreas FusterDouglas GaleOded GalorLaura GeeRobert GertnerRicard GilChristian GillitzerOlga GorelkinaTodd GormleyEric GouldBasile GrassiPaul GriecoJohn GrigsbyJang-Ting GuoNaijia GuoAdam GurenPhilip HaileJie HeJames HinesJonas HjortMitchell HoffmanRichard HornbeckChris HrdlickaTai-Wei HuIngrid HuitfeldtErik HurstAndrea IchinoAlberto IozziAkifumi IshiharaPamela JakielaGregory JolivetLisa KahnMaximilian KasyMarc KaufmannShaowei KeMichael KeaneAmir KermaniJudd KesslerBen KeysJun Hyung KimYunmi KongJozef KoningsMaciej KotowskiBrian KovakAmanda KowalskiRachel KrantonIlan KremerSebastian KubePeter KuhnGuy LacroixRasmus LandersøFabian LangeAudun LangorgenBrad LarsenMarc LawEdward LazearMunseob LeeSoren Leth-PetersenShengwu LiChe-Yuan LiangEthan LieberNicola LimodioJo Thori LindMikael LindahlIlse LindenlaubMatthew LindquistKatrine LokenDong LouShelly LundbergMario MacisPaola ManziniRobert MargoRamon MarimonGiovanni MastrobuoniGregor MatvosKonrad MenzelJosepa Miquel-FlorensaJorgen ModalsliCorina MommaertsJack MountjoyRoger MyersonAbhishek NagarajPatricia NaranjoDavid NeumarkHiroki NishimuraSam NorrisChristopher OdyPhilip OreopoulosEmily OsterMichaela PagelChristina PattersonAmil PetrinBarbara PetrongoloJoseph PriceSahil RainaHeikki RantakariDaniel ReckJames RobertsJean-Marc RobinArthur RobsonGuillaume RocheteauMatthias RodemeierKirsten RohdeVictor RondaMaya Rossin-SlaterAldo RustichiniBruce SacerdoteYuval SalantNicholas SandersSeth SandersAllen SandersonLawrence SchmidtBenoit SchmutzAndrew SchotterDavid SeimNa’ama ShenavAndrew ShephardHolger SiegAlbert Solé OlléDavid SolomonPaulo SomainiPeter SorensenPedro SouzaClaudia SteinwenderVincent SterkJohannes StroebelDavid StrombergMatthias SutterGuido TabelliniMax Tabord-MeehanMathieu Taschereau-DumouchelChristopher TonettiAlexander TorgovitskyGaute TorsvikJames TyboutJohn Van ReenenJonathan VogelJessica WachterRyan WebbBart WilsonAlexander WolitzkyKairong XiaoDavid YangHasin YousafAli YurukogluLu ZhangSeth ZimmermanAriell Zimran Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 128, Number 6June 2020 Article DOIhttps://doi.org/10.1086/710033 © 2020 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous articleNext article FreeJPE Turnaround Times, Previous Two YearsPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJPE Turnaround Times, Previous Two Years Outcome of 1st Round DecisionsMean Days to DecisionMedian Days to DecisionDecision Later than Six Months after Submission (as percentage of decisions within decision type)Desk Rejection48%970%Reject with Reviews44%1179513%Revise8%17715539%Average time from original submission to acceptance (omitting time with author in revision) = 446 daysView Table Image Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 128, Number 1January 2020 Article DOIhttps://doi.org/10.1086/707543 Views: 1212Total views on this site © 2020 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous article FreeJPE Turnaround Times, Previous Two YearsPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJPE Turnaround Times, Previous Two Years Outcome of 1st Round DecisionsMean Days to DecisionMedian Days to DecisionDecision Later than Six Months after Submission (as percentage of decisions within decision type)Desk Rejection48%970%Reject with Reviews44%1179512%Revise8%17415336%Average time from original submission to acceptance (omitting time with author in revision) = 433 daysView Table Image Previous article DetailsFiguresReferencesCited by Journal of Political Economy Volume 128, Number 4April 2020 Article DOIhttps://doi.org/10.1086/708837 © 2020 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Using data on hospitals’ purchases across a large number of important product categories, we find that access to information on purchasing by peer hospitals leads to reductions in the prices hospitals negotiate for supplies. These effects are concentrated among hospitals previously paying relatively high prices for brands purchased in large volumes. Evidence from coronary stents suggests that transparency allows hospitals to resolve asymmetric information problems, but savings are limited in part by the stickiness of contracts in business-to-business settings. Savings are largest for physician preference items, where high-price, high-quantity hospital-brand combinations average 3.9% savings, versus 1.6% for commodities.

Do states experience more peace under female leadership? We examine this question in the context of Europe over the fifteenth to twentieth centuries. We use gender of the firstborn and presence of a sister among previous monarchs as instruments for queenly rule. We find that polities led by queens engaged in war more than polities led by kings. While single queens were more likely to be attacked than single kings, married queens were more likely to attack than married kings. These results suggest asymmetries in the division of labor: married queens were more inclined to enlist their spouses in helping them rule, which enabled them ultimately to pursue more aggressive war policies.

People often forget and sometimes fantasize. This paper reports a large-scale experiment on memory errors and their relation to preferential traits including time preference, attitudes toward risk and ambiguity, and psychological characteristics such as anticipatory feelings. We observe systematic incidences of false memory in favor of positive events and positive amnesia in forgetting past negative events. Both positive delusion and positive confabulation significantly relate to present bias, but this is not the case for positive amnesia. In an intraperson, multiple-self model, we demonstrate that positive false memory, rather than selective amnesia, serves to enhance confidence in one’s future self in equilibrium, thereby accounting for our experimental findings.

I consider markets in which participants have very little information: for instance, agents are anonymous, cannot verify each other’s identities, or have little information about each other’s past transactions. I ask whether it is possible to prevent opportunistic behavior in such settings in the absence of contractual enforcement. I model such markets as repeated anonymous-random-matching games and show that cooperation is sustainable if players are sufficiently patient and can announce their name (though unverifiable) before every transaction. Cooperation is achieved by “community responsibility”: if a player deviates, her entire community is held responsible and punished by the victim. Sustaining cooperation involves partial authentication of identities by checking players’ knowledge about past transactions.