Selected Faculty Publications

Aghion, Philippe, Dechezlepretre, Antoine, Hemous, David, Martin, Ralf and Van Reenen, John (2015) Carbon taxes, path dependency and directed technical change: evidence from the auto industry. Journal of Political Economy, 124 (1). pp. 1-51.

Besley, Timothy, Fetzer, Thiemo and Mueller, Hannes (2015) The
Welfare Cost Of Lawlessness: Evidence From Somali Piracy. Journal of the European Economic Association, 13 (2), pp. 203-239.

Bryan, Gharad, Karlan, Dean, and Zinman, Jonathan (2015) Referrals: Peer Screening and Enforcement in a Consumer Credit Field Experiment. American Economic Journal: Microeconomics, 7 (3), pp. 174-204.

Burgess, Robin, Jedwab, Remi, Miguel, Edward, Morjaria, Ameet, and Padró i Miquel, Gerard  (2015) The Value of Democracy: Evidence from Road Building in Kenya. American Economic Review, 105 (6), pp. 1817-1851.
LSE Research Online

Caselli, Francesco, Morelli, Massimo and Rohner, Dominic (2015). The Geography of Interstate Resource Wars. The Quarterly Journal of Economics 130 (1), pp. 267-315.

Fischer, Greg, and Karlan, Dean (2015) The Catch-22 of External Validity in the Context of Constraints to Firm Growth. American Economic Review, 105 (5), pp. 295-299.

Fuchs, William, Garicano, Luis, and Rayo, Luis (2015) Optimal Contracting and the Organization of Knowledge. Review of Economic Studies 82 (2), pp. 632-658.

Coeurdacier, Nicolas, Stéphane Guibaud and Jin Keyu (2015) Credit Constraints and Growth in a Global Economy. American Economic Review, 105(9), pp. 2838-2881.

Best, Michael Carlos, Brockmeyer, Anne, Kleven, Henrik Jacobsen, Spinnewijn, Johannes and Waseem, Mazhar (2015) Production versus Revenue Efficiency with Limited Tax Capacity: Theory and Evidence from Pakistan. Journal of Political Economy 123 (6), pp. 1311-1355.

Landais, Camille (2015) Assessing the Welfare Effects of Unemployment Benefits Using the Regression Kink Design. American Economic Journal: Economic Policy, 7 (4), pp. 243-278.

Lalive, Rafael, Landais, Camille, and Zweimüller, Josef (2015) Market Externalities of Large Unemployment Insurance Extension Programs.
American Economic Review, 105 (12), pp. 3564-3596.

Levy, Gilat, and Razin, Ronny (2015) Correlation Neglect, Voting Behavior, and Information Aggregation. American Economic Review, 105 (4), pp. 1634-1645.

Levy, Gilat, and Razin, Ronny (2015) Preferences over Equality in the Presence of Costly Income Sorting. American Economic Journal: Microeconomics, 7 (2), pp. 308-337.

Michaillat, Pascal and Saez, Emmanuel (2015) Aggregate Demand, Idle Time, and Unemployment. Quarterly Journal of Economics, 130 (2), pp. 507-569.
LSE Research Online

 Galasso, Alberto and Schankerman, Mark (2015) Patents and Cumulative Innovation: Causal Evidence from the Courts. Quarterly Journal of Economics, 130 (1), pp. 317-369.

Spinnewijn, Johannes (2015) Unemployed But Optimistic: Optimal
Insurance Design With Biased Beliefs. Journal of the European Economic Association, 13 (1), pp. 130-167.

Ahlfeldt, Gabriel M., Redding, Stephen J., Sturm, Daniel M. and Wolf, Nikolaus (2015) The Economics of Density: Evidence from the Berlin Wall. Econometrica, 83 (6), pp. 2127-2189.

Szentes, Balázs (2015) Contractible Contracts in Common Agency
Problems. Review of Economic Studies, 82 (1), pp. 391-422.

Bloom, Nicholas, Sadun, Raffaella, and Van Reenen, John (2015) Do Private Equity Owned Firms Have Better Management Practices? American Economic Review, 105 (5), pp. 442-446.

Bloom, Nicholas, Propper, Carol, Seiler, Stephan and
Van Reenen, John (2015). The Impact of Competition on Management Quality: Evidence from Public Hospitals. Review of Economic Studies 82 (2), pp. 457-489.

Bryan, Gharad, Chowdhury, Shyamal and Mobarak Mushfiq, Ahmed (2014) Underinvestment in a profitable technology: the case of seasonal migration in Bangladesh. Econometrica, 82 (5), pp. 1671-1748.

Ardagna, Silvia and Caselli, Francesco (2014) The political economy of the Greek debt crisis: a tale of two bailouts. American Economic Journal: Macroeconomics, 6 (4), pp.291-323.

Baccara, Mariagiovanna, Collard-Wexler, Allan, Felli, Leonardo and Yariv, Leeat (2014) Child adoption matching: preferences for gender and race. American Economic Journal: Applied Economics, 6 (3), pp. 133-158.

Drexler, Alejandro, Fischer, Gregory and Schoar, Antoinette (2014) Keeping it simple: financial literacy and rules of thumb. American Economic Journal: Applied Economics, 6 (2), pp. 1-31.

Erik Eyster and Matthew Rabin (2014) Extensive Iimitation is irrational and harmful. The Quarterly Journal of Economics, 129 (4), pp. 1861-1898.

Gavazza, Alessandro, Lizzeri, Alessandro and Riketskiy, Nikita (2014) A quantitative analysis of the used-car market. American Economic Review, 104 (11), pp.3668-3700.

Gentry, Matthew and Tong, Li (2014) Identification in auctions with selective entry. Econometrica 82 (1), pp. 315-344.

Kleven, Henrik Jacobsen, Landais, Camille, Saez, Emmanuel and Schultz, Esben (2014) Migration and wage effects of taxing top earners: evidence from the foreigners' tax scheme in Denmark. The Quarterly Journal of Economics, 129 (1), pp. 333-378. [The paper can also be found here]

Kleven, Henrik Jacobsen and Schultz, Esben (2014) Estimating taxable income responses using Danish tax reforms. American Economic Journal: Economic Policy, 6 (4), pp. 271-301.

Levy, Gilat and Razin, Ronny (2014) Rituals or good works: social signalling in religious organizations. Journal of European Economic Association, 12 (5), pp. 1317-1360.

Goos, Maarten, Alan Manning, and Anna Salomons (2014) Explaining job polarization: routine-biased technological change and offshoring. American Economic Review, 104(8), pp. 2509-2526.

Michaillat, Pascal (2014) A theory of countercyclical government multiplier. American Economic Journal: Macroeconomics, 6 (1), pp. 190-217.

Nava, Francesco and Schiraldi, Pasquale (2014) Sales and collusion in a market with storage. Journal of the European Economic Association, 12 (3), pp. 791-832.

Ngai, Liwa Rachel, and Tenreyro, Silvana (2014) Hot and cold seasons in the housing market. American Economic Review, 104 (12), pp.3991-4026.

Mayer, Thierry, Melitz, Marc and Ottaviano, Gianmarco I. P. (2014) Market size, competition, and the product mix of exporters. American Economic Review, 104 (2), pp. 495-536.

Nocco, Antonella, Gianmarco I. P. Ottaviano, and Matteo Salto (2014) Monopolistic competition and optimum product selection. American Economic Review, 104 (5), pp. 304-309.

Eddie Dekel and MichelePiccione (2014) The strategic dis/advantage of voting early.American Economic Journal: Microeconomics, Vol 6 (4), pp. 162-179.

Sampson, Thomas (2014) Selection into trade and wage inequality. American Economic Journal: Microeconomics, 6 (3), pp. 157-202.

Campbell, Arthur, Ederer, Florian and Spinnewijn, Johannes (2014) Delay and deadlines: freeriding and information revelation in partnerships. American Economic Journal: Microeconomics, 6 (2), pp. 163-204.

Young, Alwyn (2014) Structural transformation, the mismeasurement of productivity growth, and the cost disease of services. American Economic Review, 104 (11), pp. 3635-3667.

Johannesen, Niels and Zucman, Gabriel (2014) The end of bank secrecy? An evaluation of the G20 tax haven crackdown. American Economic Journal: Economic Policy, 6 (1), pp. 65-91.

Piketty, Thomas and Zucman, Gabriel (2014) Capital is back: wealth-income ratios in rich countries 1700-2010. The Quarterly Journal of Economics, 129 (3), pp. 1255-1310.

Robson, Arthur J., and Balázs Szentes (2014) A biological theory of social discounting. American Economic Review, 104 (11), pp. 3481-3497.

Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur and John Van Reenen (2014) JEEA-FBBVA Lecture 2013: The new empirical economics of management. Journal of the European Economic Association, 12 (4), pp. 835-876.

Bandiera, Oriana, Barankay, Iwan and Rasul, Imran (2013) Team incentives: evidence from a firm level. Journal of the European Economic Association, 11 (5), pp. 1079-1114.

Besley, Timothy, Ilzetzki, Ethan and Persson, Torsten (2013) Weak states and steady states: the dynamics of fiscal capacity. American Economic Journal: Macroeconomics, 5 (4), pp. 205-235.

Caselli, Francesco and Coleman, Wilbur John (2013) On the theory of ethnic conflict. Journal of the European Economic Association, 11 (S1), pp. 161-192.

Caselli, Francesco and Michaels, Guy (2013) Do oil windfalls improve living standards? Evidence from Brazil. American Economic Journal: Applied Economics, 5 (1), pp. 208-238.

Dhingra, Swati (2013) Trading away wide brands for cheap brands. American Economic Review, 103 (6), pp. 2554-2584.

Eyster, Erik and Piccione, Michele (2013) An approach to asset-pricing under incomplete and diverse perceptions. Econometrica, 81 (4), pp. 1483-150.

Fischer, Gregory (2013) Contract structure, risk sharing and investment choice. Econometrica, 81 (3), pp. 883-939.

Banerjee, Abhijit, Duflo, Esther, Ghatak, Maitreesh and Lafortune, Jeanne (2013) Marry for what?: caste and mate selection in modern India. American Economic Journal: Microeconomics, 5 (2), pp. 33-72.

Kleven, Henrik Jacobsen and Waseem, M. (2013) Using notches to uncover optimization frictions and structural elasticities: theory and evidence from Pakistan. The Quarterly Journal of Economics, 128 (2), pp. 669-723.

Kleven, Henrik Jacobsen, Landais, Camille and Saez, Emmanuel (2013) Taxation and international mobility of superstars: evidence from the European football market. American Economic Review, 103 (5), pp. 1892-1924.

Kitamura, Yuichi, Otsu, Taisuke and Evdokimov, Kirill (2013) Robustness, infinitesimal neighborhoods, and moment restrictions. Econometrica, 81 (3), pp. 1185-1201.

Ottaviano, Gianmarco I. P., Peri, Giovanni and Wright, Gregory (2013) Immigration, offshoring, and American jobs. American Economic Review, 103 (5), pp. 1925-1959.

Borgers, Tilman, Cox, Ingemar, Pesendorfer, Martin and Petricek, Vaclav (2013) Equilibrium bids in sponsored search auctions: theory and evidence. American Economic Journal: Microeconomics, 5 (4), pp. 163-18.

Bloom, Nick, Schankerman, Mark and Van Reenen, John (2013) Identifying technology spillovers and product market rivalry. Econometrica, 81 (4), pp. 1347-1393. [The paper can also be found here]

Jovanovic, Boyan and Szentes, Balázs (2013) On the market for venture capital. Journal of Political Economy, 121 (3), pp. 493-527.

Peski, Marcin and Szentes, Balázs (2013) Spontaneous discrimination. American Economic Review, 103 (6). pp. 2412-2436.

Aghion, Philippe, Van Reenen, John and Zingales, Luigi (2013) Innovation and institutional ownership. American Economic Review, 103 (1), pp. 277-304.

Young, Alwyn (2013) Inequality, the urban-rural gap, and migration. Quarterly Journal of Economics, 128 (4), pp. 1727-1785.

Zucman, Gabriel (2013) The missing wealth of nations: are Europe and the U.S. net debtors or net creditors? The Quarterly Journal of Economics, 128 (3), pp. 1321-136.

Besley, Timothy and Mueller, Hannes. ( 2012) Estimating the Peace Dividend: The Impact of Violence on House Prices in Northern Ireland. American Economic Review, 102(2), pp. 810-33.

Besley, Timothy, Burchardi, Konrad B. and Ghatak, Maitreesh (2012) Incentives and the De Soto Effect. The Quarterly Journal of Economics, 127 (1) pp. 237-282.

Burgess, Robin, Hansen, Matthew, Olken, Benjamin and Sieber, Stefanie (2012) The political economy of deforestation in the tropics. Quarterly Journal of Economics, 127 (4). pp. 1707-175.

Jin, Keyu (2012) Industrial structure and capital flows. American Economic Review, 102 (5), pp. 2111-2146.

Levy, Gilat and Razin, Ronny (2012) Religious beliefs, religious participation, and cooperation. American Economic Journal: Microeconomics, 4 (3), pp. 121-151.

Manacorda, Marco, Manning, Alan and Wadsworth, Jonathan (2012) The impact of immigration on the structure of male wages: theory and evidence from Britain. Journal of the European Economic Association, 10 (1), pp. 120-151.

Michaels, Guy, Rauch, Ferdinand and Redding, Stephen (2012) Urbanization and structural transformation. Quarterly Journal of Economics, 127 (2), pp. 535-58.

Michaillat, Pascal (2012) Do matching frictions explain unemployment?: not in bad times. American Economic Review, 102 (4), pp. 1721-175.

Altonji, Joseph G., Ichimura, Hidehiko and Otsu, Taisuke (2012) Estimating derivatives in nonseparable models with limited dependent variables. Econometrica, 80 (4), pp. 1701-1719.

Ottaviano, Gianmarco I.P. and Peri, Giovanni (2012) Rethinking the gains of immigration on wages.  Journal of the European Economic Association, 10 (1), pp. 152-197.

Chassang, Sylvain, Padró i Miquel, Gerard and Snowberg, Erik (2012) Selective trials: a principal-agent approach to randomized control experiments. American Economic Review, 102 (4), pp. 1279-1309.

Hatfield, John and Padró i Miquel, Gerard (2012) A Political Economy Theory of Partial Decentralization. Journal of the European Economic Association, 10(3), pp. 605-63.

Yared, Pierre and Padró i Miquel, Gerard (2012) The political economy of indirect control. Quarterly Journal of Economics, 127 (2), pp. 947-1015.

Piccione, Michele and Spiegler, Ran (2012) Price competition under limited comparability. The Quarterly Journal of Economics, 127 (1), pp. 97-13.

Peters, Michael and Szentes, Balázs (2012) Definable and contractible contracts. Econometrica, 80 (1), pp. 363-41.

Robson, Arthur J., Szentes, Balázs, and Emil Iantchev ( 2012) The Evolutionary Basis of Time Preference: Intergenerational Transfers and Sex. American Economic Journal: Microeconomics, 4(4), pp. 172-20.

Bloom, Nick, Sadun, Raffaella and Van Reenen, John (2012) The organization of firms across countries. The Quarterly Journal of Economics, 127 (4), pp. 1663-170.

Bloom, Nicholas, Sadun, Raffaella and Van Reenen, John (2012) Americans do IT better: US multinationals and the productivity miracle. American Economic Review, 102 (1), pp. 167-20.

Young, Alwyn (2012) The African growth miracle. Journal of Political Economy, 120 (4), pp. 696-73.

Besley, Timothy and Persson, Torsten (2011) The logic of political violence. The Quarterly Journal of Economics, 126 (3), pp. 1411-144.

Besley, Timothy and Persson, Torsten (2011) Fragile states and development policy. Journal of the European Economic Association, 9 (3), pp. 371-39.

Covas, Francisco and Den Haan, Wouter J. (2011) The cyclical behavior of debt and equity finance. American Economic Review, 101 (2), pp. 877-899.

Dittmar, Jeremiah E. (2011) Information technology and economic change: the impact of the printing press. The Quarterly Journal of Economics, 126 (3), pp. 1133-1172.

Fuchs, William and Garicano, Luis (2011) Matching problems with expertise in firms and markets. Journal of the European Economic Association, 8 (2-3), pp. 354-36.

Fang, Hanming and Gavazza, Alessandro (2011) Dynamic inefficiencies in an employment-based health insurance system: theory and evidence. American Economic Review, 101 (7), pp. 3047-3077.

Gavazza, Alessandro (2011) The role of trading frictions in real asset markets. American Economic Review, 101 (4), pp. 1106-1114.

Gavazza, Alessandro (2011) Leasing and secondary markets: theory and vvidence from commercial aircraft. Journal of Political Economy, 119 (2), pp. 325-337.

Kleven, Henrik Jacobsen, Knudsen, Martin B., Kreiner, Claus Thustrup, Pedersen, Søren and Saez, Emmanuel (2011) Unwilling or unable to cheat?: evidence from a tax audit experiment in Denmark. Econometrica, 79 (3), pp. 651-692.

Kleven, Henrik Jacobsen and Kopczuk, Wojciech (2011) Transfer program complexity and the take-up of social benefits. American Economic Journal: Economic Policy, 3 (1). pp. 54-9.

Pissarides, Christopher (2011) Equilibrium in the Labor Market with Search Frictions. American Economic Review, 101(4), pp.1092-1105 (Nobel lecture).

Ngai, Liwa Rachel and Pissarides, Christopher A. (2011) Taxes, social subsidies, and the allocation of work time. American Economic Journal: Macroeconomics, 3 (4), pp. 1-26.

Hualde, Javier and Robinson, Peter (2011) Gaussian pseudo-maximum likelihood estimation of fractional time series models. Annals of Statistics, 39 (6), pp. 3152-3181.

Lee, Sokbae, Seo, Myung Hwan and Shi, Youngki (2011) Testing for threshold effects in regression models. Journal of the American Statistical Association, 106 (493), pp. 220-231.

Guimaraes, Bernardo and Sheedy, Kevin D. (2011) Sales and monetary policy. American Economic Review, 101 (2), pp. 844-876.

Diamond, Peter, and Johannes Spinnewijn (2011) Capital income taxes with heterogeneous discount rates. American Economic Journal: Economic Policy, 3(4), pp. 52-76.

Bandiera, Oriana, Barankay, Iwan, and Rasul, Imran. (2010) Social incentives in the workplace. Review of Economic Studies, 77 (2), pp. 417-45.

Bandiera, Oriana, Goldstein, Markus, Rasul, Imran, Burgess, Robin, Gulesci, Selim and Sulaiman, Munshi (2010) Intentions to participate in adolescent training programs: evidence from Uganda. Journal of the European Economic Association, 8 (2-3), pp. 548-560.

Besley, Timothy, Persson, Torsten and Sturm, Daniel (2010) Political Competition and Economic Performance: Evidence from the United States. Review of Economic Studies, 77(4), pp. 1329-1352.

Besley, Timothy and Persson, Torsten (2010) State capacity, conflict, and development. Econometrica, 78 (1), pp. 1-34.

Besley, Timothy and Robinson, James A. (2010) Quis custodiet ipsos custodes: civilian control over the military. Journal of the European Economic Association, 8 (2-3), pp. 655-663,

Burgess, Robin and Donaldson, Dave (2010) Can openness mitigate the effects of weather shocks? Evidence from India's famine era. American Economic Review, 100 (2), pp. 449-45.

Eyster, Erik and Rabin, Matthew (2010) Naïve herding in rich-information settings. American Economic Journal: Microeconomics, 2 (4), pp. 221-243.

Dessein, Wouter, Garicano, Luis and Gertner, Robert (2010) Organizing for synergies. American Economic Journal: Microeconomics, 2 (4), pp. 77-114.

Fack, Gabrielle and Camille Landais (2010) Are Tax Incentives for Charitable Giving Efficient? Evidence from France. American Economic Journal: Economic Policy, 2(2), pp. 117-4.

Michaels, Guy and Zhi, Xiaojia (2010) Freedom fries. American Economic Journal: Applied Economics, 2 (3), pp. 256-228.

Chassang, Sylvain and Padró i Miquel, Gerard (2010) Conflict and deterrence under strategic risk. The Quarterly Journal of Economics, 125 (4), pp. 1821-1858.

Chassang, Sylvain and Padró i Miquel, Gerard (2010) Savings and predation. Journal of the European Economic Association, 8 (2-3), pp. 645-654.

Pesendorfer, Martin and Schmidt-Dengler, Philipp (2010) Sequential estimation of dynamic discrete games: a comment. Econometrica, 78 (2), pp. 833-842.

Stern, Nicholas (2010) Presidential address: imperfections in the economics of public policy, imperfections in markets, and climate change. Journal of the European Economic Association, 8 (2-3), pp. 253-288.

Propper, Carol and Van Reenen, John (2010) Can pay regulation kill? Panel data evidence on the effect of labour markets on hospital performance. Journal of Political Economy. 118(2), pp. 222-273.

Bloom, Nick and Van Reenen, John (2010) New approaches to surveying organizations. American Economic Review, 100 (2). pp. 105-109.

Bloom, Nick, Sadun, Raffaella and Van Reenen, John (2010) Does product market competition lead firms to decentralize? American Economic Review, 100 (2). pp. 434-438.

Bandiera, Oriana, Barankay, Iwan, and Rasul, Imran. (2009) Social connections and incentives in the workplace: evidence from personnel data. Econometrica, 77 (4), pp. 1047-109.

Bandiera, Oriana, Prat, Andrea, and Valletti, Tommaso. (2009) Active and passive waste in government spending: evidence from a policy experiment. American Economic Review, 99 (4), pp. 1278-130.

Besley, Timothy and Persson, Torsten (2009) The origins of state capacity: property rights, taxation and politics. American Economic Review, 99 (4), pp. 1218-1244.

Besley, Timothy and Persson, Torsten (2009) Repression or civil war? American Economic Review, 99 (2), pp. 292-29.

Gavazza, Alessandro and Lizzeri, Alessandro (2009) Transparency and economic policy. Review of Economic Studies, 76 (3), pp. 1023-1048.

Kleven, Henrik Jacobsen, Kreiner, Claus Thustrup and Saez, Emmanuel (2009) The optimal income taxation of couples. Econometrica, 77 (2), pp. 537-560.

Pissarides, Christopher (2009) The unemployment volatility puzzle: is wage stickiness the answer? Econometrica, 77 (5), pp. 1339-1369.

Besley, Timothy and Ghatak, Maitreesh (2008) Status incentives. American Economic Review, 98 (2), pp. 206-211.

Besley, Timothy, Meads, Neil and Surico, Paolo (2008) Insiders versus outsiders in monetary policymaking. American Economic Review, 98 (2), pp. 218-223.

Besley, Timothy and Persson, Torsten (2008) Wars and state capacity. Journal of the European Economic Association, 6 (2-3), pp. 522-530.

Aghion, Philippe, Burgess, Robin, Redding, Stephen and Zilibotti, Fabrizio (2008) The unequal effects of liberalization: evidence from dismantling the License Raj in India. American Economic Review, 98 (4), pp. 1397-141.

Caselli, Francesco and Gennaioli, Nicola (2008) Economics and politics of alternative institutional reforms. Quarterly Journal of Economics, 123 (3), pp. 1197-125.

Hardman Moore, John and Hart, Oliver (2008) Contracts as Reference Points. Quarterly Journal of Economics, 123(1), pp. 1-48.

Melitz, Marc J. and Ottaviano, Gianmarco I. P. (2008) Market size, trade, and productivity. Review of Economic Studies, 75 (1), pp. 295-331.

Pesendorfer, Martin and Schmidt-Dengler, Philipp (2008) Asymptotic least squares estimators for dynamic games. Review of Economic Studies, 75 (3), pp. 901 -928.

Robinson, Peter (2008) Multiple local whittle estimation in stationary systems. The Annals of Statistics, 36 (5), pp. 2508-2530.

Stern, Nicholas (2008) The economics of climate change. American Economic Review, 98 (2). pp. 1-37.

Redding, Stephen J. and Sturm, Daniel M. (2008) The costs of remoteness: evidence from German division and reunification. American Economic Review, 98 (5), pp. 1766-1797.

Robson, Arthur J. and Szentes, Balázs (2008) Evolution of time preference by natural selection: comment. American Economic Review, 98 (3), pp. 1178-1188.