Declining search frictions contribute to growth with an intensity determined by the tail coefficient of the Pareto distribution. On non-lethal uses of force, blacks and Hispanics are more than fifty percent more likely to experience some form of force in interactions with police. This paper derives a social welfare function as a limit of an iterative procedure, in which each iteration constructs a lottery based on the certainty equivalents from the previous iteration. The journal aims to publish highly selective, widely cited articles of current relevance that will have a long-term impact on economics research. It began in 1994 and welcomes submissions in English, French and Spanish. Shipping and taxes may apply to your order and are determined by the shipping address. Political Economy in the Carolinas is a fully refereed interdisciplinary journal broadly focused on government and public policy in North and South Carolina. We show that if the verification cost is small enough, a threshold with an escape clause (TEC) is optimal: the agent either chooses an action below a threshold or requests verification and the efficient action above the threshold. JSTOR is part of ITHAKA, a not-for-profit organization helping the academic community use digital technologies to preserve the scholarly record and to advance research and teaching in sustainable ways. A principal faces an agent who is better informed but biased toward higher actions. However, in the presence of heterogeneous risk preferences, it is unclear whose preferences should be used for evaluating this lottery. All Rights Reserved. Finally, nonpecuniary factors play an important role, with a sizable share of individuals willing to give up substantial amounts of earnings by not choosing their highest-paying occupation. Its grounding discipline is economics, but, the systematic study of institutions requires consideration of economic, political, legal, and philosophical movitations, rules, and effects. We propose a new framework for optimal experimentation, which we term the “A/B testing problem.” Our model departs from the existing literature by allowing for fat tails. Kalecki and Kaleckian Economics: A Symposium . For example, if the current year is 2008 and a journal has a 5 year Third, we find that firms operating with low profit margins are particularly likely to respond asymmetrically to VAT changes. Follow Review of Political Economy on Twitter. Journal of Political Economy, Your paper should be a minimum of 500 words in length. The stabilization role of police spending in a neo‐Keynesian economy with credit market imperfections. ©2000-2021 ITHAKA. How much should society be willing to pay for reducing inequality? One of the oldest and most prestigious journals in economics, the Journal of Political Economy (JPE) has since 1892 presented significant research and scholarship in economic theory and practice. Journal of Business and Political Economy: Biannual Review of The Indonesian Economy Review [P-ISSN 2685-2004] is devoted to the study of political economy, economy, and business issues, focussing on encouraging transparency on the economic decision-making process in Indonesia.The review is published biannually in July and December by Institute for Development of Economics and Finance … TEC is always optimal if the principal cannot commit to inefficient allocations following the verification decision and result. Provides a focus for theor We use cookies to enhance your experience on our website.By continuing to use our website, you are agreeing to our use of cookies. Read the latest issue. Journal of Political Economy | Citations: 16,350 | JPE has been presenting significant research and scholarship in economic theory and practice since its inception in 1892. e-Book access is included with your individual subscription. In the past, the journal published quarterly from its introduction through 1905, ten issues per volume from 1906 through 1921, and bimonthly from 1922 through 2019. Constitutional Political Economy is a forum for research in the broad field of constitutional analysis. Check out this article about Jeffery A. Jenkins starting the Journal of Political Institutions and Political Economy (JPIPE) About this journal Journal Home Editorial Aims Editorial Board Submission Instructions LaTeX Style Files Pricing Recommend to Library Alert Me A journal of the Cambridge Political Economy Society. The editor-in-chief is Harald Uhlig (University of Chicago). Our key insight is that the optimal strategy depends on whether most gains accrue from typical innovations or from rare, unpredictable large successes. However, if the distribution is very fat tailed, a “lean” strategy of trying more ideas, each with possibly smaller sample sizes, is preferred. First, using two plausibly exogenous VAT changes, we show that prices respond twice as much to VAT increases as to VAT decreases. We develop a strategy to measure the rate of decline of search frictions and their contribution to growth. About the Journal. JPE's analytical, interpretive, and empirical studies in a number of areas—including monetary theory, fiscal policy, labor economics, development, micro- and macroeconomic theory, international trade and finance, industrial organization, and social economics—are essential reading for all economists wishing to keep up with substantive new research in the discipline. Journal of Political Economy, Your paper should be a minimum of 500 words in length. Similar rankings See other rankings by type of impact factors. Latest articles. Using data from Duke University undergraduates, we make three main contributions to the literature. For higher costs, however, the principal may require verification only for intermediate actions, dividing the delegation set. Credit rating of small business Affiliation This paper evaluates whether a bank should or should not grant a loanto a small business based on the credit rating. 6), The University of Chicago Press Journals Division. Journal of Political Economy. moving wall, articles from the year 2002 are available. You have printed the following article: A Theory of Marriage: Part I Gary S. Becker The Journal of Political Economy, Vol. Journal news. The aim of the European Journal of Political Economy is to disseminate original theoretical and empirical research on economic phenomena within a scope that encompasses collective decision making, political behavior, and the role of institutions. JSTOR®, the JSTOR logo, JPASS®, Artstor®, Reveal Digital™ and ITHAKA® are registered trademarks of ITHAKA. Second, we show how beliefs data can be used to recover ex ante treatment effects and their relationship with individual choices. The Tulane Journal of Policy and Political Economy provides undergraduate students with the opportunity to publish their own original research in an internationally-recognized peer- and faculty-reviewed journal. Publishes research on heterodox economics and other social science disciplines. "One of the oldest and most prestigious journals in economics, the Journal of Political Economy has since 1892 presented significant research and scholarship in economic theory and practice. 1 - Vol. JPE is a peer reviewed journal (ISSN: 1073-0451), one of the longest standing, Platinum Open Access journals in the social sciences. Established by James Laurence Laughlin in 1892, it covers both theoretical and empirical economics. Our theoretical results, along with an empirical analysis of Microsoft Bing’s EXP platform, suggest that simple changes to business practices could increase innovation productivity. publisher has elected to have a "zero" moving wall, so their current A BGP exists iff firm-worker matches are inspection goods and the quality of a match is drawn from a Pareto distribution. Read the latest issue. Fourth, these asymmetric price effects persist several years after VAT changes take place. The journal publishes multi-disciplinary research on the spatial dimensions of contemporary socio-economic We use cookies to enhance your experience on our website.By continuing to use our website, you are agreeing to our use of cookies. Table of contents for Agrarian South: Journal of Political Economy: A triannual Journal of Agrarian South Network and CARES, 9, 3, Dec 01, 2020 We only publish research into the linkages between political economy and human environmental impacts, across different locations and academic disciplines. Der Journal Impact 2019 von Journal of Political Economy beträgt 8.690 (neueste Daten im Jahr 2020). View content coverage periods and institutional full-run subscription rates for the Journal of Political Economy. Browse all issues of Agrarian South: Journal of Political Economy: A triannual Journal of Agrarian South Network and CARES Description: Current issues are now on the Chicago Journals website. JEPE accepts and publishes the research articles in the fields of economics, political economy, fiscal economics, applied economics, business economics, labour economics and econometrics. One of the oldest and most prestigious journals in economics, the Journal of Political Economy (JPE) has since 1892 presented significant research and scholarship in economic theory and practice. Coverage: 1892-2015 (Vol. 4. Specifically, it assesses if the bank should grant the loan to the small business if it has a bad credit rating. *Journal Impact Factors courtesy of the 2019 Journal Citation Reports (JCR) (Clarivate Analytics, 2020). Yet, in spite of such diversity, some common properties are shared by practically all legislation, and these properties form the subject matter of this essay. Note: In calculating the moving wall, the current year is not counted. She can verify the agent’s information and specify his permissible actions. Credit rating of small business Affiliation This paper evaluates whether a bank should or should not grant a loanto a small business based on the credit rating. We're currently accepting articles for our first edition, to be released in the fall. Read the latest articles of European Journal of Political Economy at ScienceDirect.com, Elsevier’s leading platform of peer-reviewed scholarly literature If the tails of the unobserved distribution of innovation quality are not too fat, the standard approach of using a few high-powered “big” experiments is optimal. Date Published: 2016 Abstract: This paper explores racial differences in police use of force. Focusing on the history of economic thought and analysis, History of Political Economy has made significant contributions to the field and remains an important means of communication. ... Review of Political Economy, Volume 32, Issue 4 (2020) Kalecki and Kaleckian Economics: A Symposium. Current issues are now on the Chicago Journals website. Download this issue now: *Journal Impact Factors courtesy of the 2019, Declining Search Frictions, Unemployment, and Growth, What Goes Up May Not Come Down: Asymmetric Incidence of Value-Added Taxes, Commitment versus Flexibility with Costly Verification, Welfare Analysis with Heterogeneous Risk Preferences, Erratum: Fatter Attraction: Anthropometric and Socioeconomic Matching on the Marriage Market, institutional full-run subscription rates. available in JSTOR and the most recently published issue of a journal. The standard approach to this normative question relates inequality aversion to risk aversion by treating inequality as an outcome of a lottery. - Aug., 1973), pp. The Journal of Political Economy is a monthly peer-reviewed academic journal published by the University of Chicago Press. The "moving wall" represents the time period between the last issue In rare instances, a The journal welcomes individual contributions from a critical perspective, as well as suggestions for special thematic issues in all fields of political economy internationally. A journal of the Cambridge Political Economy Society. Of all published articles, the following were the most read within the past 12 months. The journal aims to publish highly selective, widely cited articles of current relevance that will have a long-term impact on economics research. First, we show that data on earnings beliefs and probabilities of choosing particular occupations are highly informative of future earnings and occupations. JEPE, without depending on any institution or organisation, is a non-profit journal that has an International Editorial Board specialists on their fields. Political economy so conceived is a tool of interpretation and social criticism. ABOUT THE JOURNAL Frequency: 12 issues/year ISSN: 0022-3808 E-ISSN: 1537-534X 2018 JCR Impact Factor*: 6.342 Ranked #5 out of 363 in Economics. Second, we show that this asymmetry results in higher equilibrium profits and markups. 2 CRIME AND PUNISHMENT: AN ECONOMIC APPROACH victed and the nature and extent of punishments differ greatly from person to person and activity to activity. (Jul. This paper provides evidence that prices respond significantly more strongly to increases than to decreases in value-added taxes (VATs). Im Vergleich zu historischen Journal Impact ist der Journal Impact 2019 von Journal of Political Economy um 64.27 % gestiegen. Political-economic analysis generates useful knowledge about national competitiveness by carefully separating positive and normative levels of analysis. We find large differences in expected earnings across occupations and provide evidence of sorting on expected gains. See all volumes and issues. 1, No. For a search-theoretic model of the labor market, we seek conditions for the existence of a balanced growth path (BGP), where unemployment, vacancy, and worker’s transitions rates remain constant in the face of improvements in the production and search technologies. The limit of this procedure can be interpreted as the equally distributed equivalent of the initial allocation. The Journal of Political Economy is an academic journal run by economists at the University of Chicago and published every two months by the University of Chicago Press. JEPE (ISSN: 2148-8347) is published as four issues per year, March, June, September and December and all publication policies and processes are conducted according to the international standards. But it is not a tool of policy advocacy. issues are available in JSTOR shortly after publication. Pengfei Jia; King Yoong Lim; Scottish Journal of Political Economy; First Published: 8 June 2020 10 counts publications from the last 10 years only, 5 the last 5 years: The journal aims to publish highly selective, widely cited articles of current relevance that will have a long-term impact on economics research. Contributions are invited … List of issues Volume 49 2020 Volume 48 2019 Volume 47 2018 Volume 46 2017 Volume 45 2016 Volume 44 2015 Volume 43 2014 Volume 42 2013 Volume 41 2012 Volume 40 … Fifth, using all VAT changes in the European Union from 1996 to 2015, we find similar levels of asymmetry. 81, No. Browse the list of issues and latest articles from International Journal of Political Economy. editorial. Policy … Journal of Economics and Political Economy. Moving walls are generally represented in years. 813-846. This information will be provided during checkout before you complete your order. Journal of Political Economy. 123, No. Description: International Journal of Political Economy is an international peer-reviewed journal that publishes scholarly research in all traditions of political economy. Nonsubscribers: Purchase the e-book of this issue, Frequency: 12 issues/year ISSN: 0022-3808 E-ISSN: 1537-534X2018 JCR Impact Factor*: 6.342 Ranked #5 out of 363 in Economics.

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