Center for the Advanced Study in Economic Efficiency


Research Papers

"U.S. Hours at Work," Simona E. Cociuba, Edward C. Prescott, and Alexander Ueberfeldt, March 2018
CPU_Data_plotted.xls; CPU-Data_construction.xls

"Buy, Keep or Sell: Economic Growth and the Market for Ideas" Jeremy Greenwood, Ufuk Akcigit, and Murat Alp Celik, February 2015

"Mining Surplus: Modeling James A. Schmitz’s Link Between Competition and Productivity" Jeremy Greenwood and David Weiss, May 2014

"What Ever Happened to the Puerto Rican Sugar Manufacturing Industry?", Benjamin Bridgman, Michael Maio, James A. Schmitz, Jr., Arilton Teixeira, December 2012

"Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs", Harold L. Cole, Soojin Kim, Dirk Krueger, November 29, 2012

"Health Insurance Reform: The impact of a Medicare Buy-In", Gary D Hansen, Minchung Hsu, Junsang Lee, October 30, 2012

"On Financing Retirement with an Aging Population", E.R. McGrattan, Edward C. Prescott, October 2012

"Housing Dynamics over the Business Cycle", Finn E. Kydland, Peter Rupert and Roman Sustek, August 26, 2012

"Conflict and the Evolution of Societies", David K. Levine and Salvatore Modica, August 26, 2012

"Codes of Conduct, Private Information and Repeated Games", Juan I. Block and David K. Levine, August 13, 2012

"Evolving to the Impatience Trap: The Example of the Farmer-Sheriff Game", David K. Levine, Salvatore Modica, Federico Weinschelbaum and Felipe Zurita, August 6, 2012

"An Approximate Dual-Self Model and Paradoxes of Choice under Risk", Drew Fudenberg, David K. Levine and Zacharias Maniadis, August 3, 2012

"Heterogeneity in Expected Longevities", Josep Pijoan-Mas and Jose-Victor Rios-Rull, August, 2012

"New and Larger Costs of Monopoly and Tariffs", James A. Schmitz, Jr., July 2012

"The Case Against Patents", Michele Boldrin and David K. Levine, June 29, 2012

"Embedding an Analytic Equivalence Relation in the Transitive Closure of a Borel Relation", Edward J. Green, June 15, 2012

"The Baby Boom and World War II: A Macroeconomic Analysis*", Matthias Doepke, Moshe Hazan, Yishay D. Moaz, June 2012

"The Life Cycle of Plants in India and Mexico", Chang-Tai Hsieh, Peter J. Klenow, May 2012

"Events Concerning Knowledge", Edward J. Green, April 17, 2012

"Sources of entropy in representative agent models", David Backus, Mikhail Chernov and Stanley Zin, Revised October 23, 2011

"A Model of Commodity Money with Minting and Melting", Angela Redish and Warren E. Weber, July 13, 2011

"Measuring the Welfare Gain from Personal Computers", Jeremy Greenwood and Karen A. Kopecky, June 2011

"Does Female Empowerment Promote Economic Development?", Matthias Doepke and Michele Tertilt, April 2011

"Globally Correlated Nominal Fluctuations," Espen Henriksen, Finn E. Kydland, Roman Sustek, March 29, 2011.

"Intergenerational Redistribution in the Great Recession," Andrew Glover, Jonathan Heathcote, Dirk Krueger, José Víctor Ríos-Rull, March 26, 2011.

"Fairness, Risk Preferences and Independence: Impossibility Theorems," Drew Fudenberg and David K. Levine, March 9, 2011.

"Neuroeconomics?," David K. Levine, March 3, 2011.

"Transition to FDI Openness: Reconciling Theory and Evidence," Ellen R. McGrattan, January 2011.

"Production Chains," David K. Levine, January 31, 2011.

"Mortgage Innovation and the Foreclosure Boom," Dean Corbae and Erwan Quintin, February 8, 2011.

"Dynamic Incentive Contract Under Parameter Uncertainty," Julien Prat, Boyan Jovanovic, NBER WP16649, December 2010.

"Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," Harold Cole and Felix Kubler, December 15, 2010.

"Capital Taxation During the U.S. Great Depression," Ellen R. McGrattan, November 2011.

"Beyond GDP? Welfare across Countries and Time," Charles I. Jones and Peter J. Klenow, July 1, 2010.

"Agricultural Productivity and Growth", Ayse Ĭmrohoroğlu, Selahattin Ĭmrohoroğlu, Murat Üngör, revised July 2010.

"A Theory of Outsourcing and Wage Decline," Thomas J. Holmes, Julia Thornton Snider, revised June 2010.

"Economies of Density versus Natural Advantage: Crop Choice on the Back Forty," Thomas J. Holmes, Sanghoon Lee, revised June 2010.

"Exports, Borders, Distance, and Plant Size," Thomas J. Holmes, John J. Stevens, NBER working paper No. 16046, June, 2010.

"Public versus Private Risk Sharing," Dirk Krueger, Fabrizio Perri, June 2010.

"An Alternative Theory of the Plant Size Distribution with an Application to Trade," Thomas J. Holmes, John Stevens, April, 2010.
(Web Appendix with Data and Programs)

"Quality Ladders, Competition and Endogenous Growth," Michele Boldrin and David K. Levine, Department of Economics, Washington University in St. Louis, revised March, 2010.

"Agriculture, Roads and Economic Development in Uganda," Douglas Gollin with Richard Rogerson, Working Paper # 15863, National Bureau of Economic Research, March 2010.

"Disasters Implied by Equity Index Options," David Backus, Mikhail Chernov,and Ian Martin, October 26, 2009.

"Unmeasured Investment and the Puzzling U.S. Boom in the 1990s," Edward C. Prescott with E. R. McGrattan, Staff Report 369, Federal Reserve Bank of Minneapolis, revised July 2009.

"Technical Appendix: Unmeasured Investment and the Puzzling U.S. Boom in the 1990s," Edward C. Prescott with E. R. McGrattan, Staff Report 395, Federal Reserve Bank of Minneapolis, revised July 2009.

"Using the General Equilibrium Growth Model to Study Great Depressions: A Reply to Temin," Staff Report 418, Federal Reserve Bank of Minneapolis, December 2008.

"Monopoly and the Incentive to Innovate When Adoption Involves Switchover Disruptions," Thomas J. Holmes, David K. Levine and James A Schmitz, Jr., NBER Working Paper # 13864, Revised, Oct. 2008.

"Intermediate Quantities and Returns," Edward C. Prescott with R. Mehra and F. Piguillem, Staff Report 405, Federal Reserve Bank of Minneapolis, 2008.