When are people more likely to complete a task: when they receive one dollar or when they receive nothing? Sound obvious? Uri Gneezy and Pedro Rey-Biel use behavioral economics to show that finding the incentive sweet spot is not as easy as it first appears.
Alessandro Tarozzi, Jaikishan Desai, and Kristin Johnson investigate the impact of microcredits in rural Ethiopia.
Jordi Galí and Luca Gambetti provide evidence on the response of stock prices to monetary policy shocks, and try to use that evidence to infer the nature of the impact of interest rate changes on the bubble component of stock prices.
Santi Budría and Ada Ferrer-i-Carbonell are the first to relax the assumption that individuals respond identically to societal information regardless of their personality.
Albrecht Glitz asks whether and to what extent a worker’s labor market outcomes are affected by the social network in which he or she is embedded.
Caterina Calsamiglia and Antonio Miralles show that the common mechanisms for allocating children according to their preferences may be limited whenever there are coarse priorities to break ties.