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Collaborative Research: Understanding the Connections Between Economics Behaviors

This award funds research in behavioral economics that will analyze the possible relationships between economic behaviors using new data and new modeling methods.

Language, Laws, and Labor Contracts in the 20th Century

This research will contribute to our understanding of how firms and workers allocate authority, and how this can be organized to increase productivity and reduce conflict. These questions go back to Ronald Coase and Herbert Simon, as well as the institutionalist school of labor economics. Outside of economics, our results will relate to the large literature in labor and legal history, sociology, and American political development that has concerned itself with the role of the law in the labor contract.

Bentley MacLeod

Sami Mnaymneh Professor of Economics and Professor of International and Public Affairs

Incomplete Preferences, Stochastic Choice, And Time And Risk Preferences

Economists who study how people make decisions have for many years started from the assumption that if an individual is faced with a choice between different alternatives, he or she can order the options from "most preferred" to "least preferred", as well as a number of other assumptions.

Two Projects on Market Design

This award funds research in two different areas of economic theory. The first project develops a new method for understanding an important problem in mechanism design: how to assign an indivisible object to one person when several different people would benefit from owning or using the object. The research generalizes an existing theorem for implementing random assignments; the new generalized theorem applies to a broad range of circumstances and various practically important constraints.

Michael Woodford

John Bates Clark Professor of Political Economy

David Weinstein

Carl Sumner Shoup Professor of Japanese Economics

Non-Standard Issues in Regression Discontinuity Designs

This project aims to develop new statistical methods for analyzing economic data. The goal is to expand the scope of the popular regression discontinuity (RD) design, which uses the presence of fixed eligibility cutoffs (e.g. Medicare eligibility at age 65) for estimating the effect of public and private policies on some outcome of interest (e.g. health care utilization, mortality) among individuals who are close to the cutoff.


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