Economics 100C Readings
Prof. Peter Kuhn, NH 3036

 

I. SEARCH AND PRICE DISPERSION
Kuhn, Peter and Mikal Skuterud. "Internet Job Search and Unemployment Durations" IZA discussion paper no 613 (Oct. 2002)
Stigler, George. "The Economics of Information" Journal of Political Economy, Vol. 69, No. 3. (June 1961), pp. 213-225.
Brown, Jeffrey and Austan Goolsbee. “Does the Internet Make Markets More Competitive? Journal of Political Economy, 110(3) (June 2002): 481-507
II. PUBLIC GOODS AND SUPERSTARS
Chapter 35 in Hal Varian, Intermediate Microeconomics: A Modern Approach. (6th edition) New York: W. W. Norton, 2003.
Rosen, Sherwin. "The Economics of Superstars" American Economic Review Vol. 71, No. 5. (Dec., 1981), pp. 845-858
Krueger, Alan. "How Much is Too Much? The Economics of Concert Ticket Prices" Pollstar, March 4, 2002: 16-21
III. ADVERSE SELECTION I: THE "LEMONS" PROBLEM
Chapter 36 in Hal Varian, Intermediate Microeconomics: A Modern Approach. (6th edition) New York: W. W. Norton, 2003.
Akerlof, G. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism". Quarterly Journal of Economics Vol. 84, No. 3. (Aug., 1970): 488-500
IV. ADVERSE SELECTION II: SIGNALLING
Spence, Michael. "Job Market Signalling". Quarterly Journal of Economics 87(4) (Nov. 1973): 355-374.
Bedard, Kelly. "Human Capital Versus Sorting Models: University Access and High School Drop-outs," Journal of Political Economy, 2001, 190(4): 749-775.
V. ADVERSE SELECTION III: SCREENING
Rothschild, M. and J. Stiglitz. "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information" Quarterly Journal of Economics 90(3) (August 1976): 629-649
Salop, S. and J. Salop. "Self-Selection and Turnover in the Labor Market". Quarterly Journal of Economics 90(3) (August 1976): 619-627
VI. MORAL HAZARD I: INSURANCE MARKETS
Pauly, Mark. "The Economics of Moral Hazard: Comment" American Economic Review 58(3) (June 1968): 531-537
Davies, James B. and Peter Kuhn. "Social Security, Longevity and Moral Hazard" Journal of Public Economics 49 (1992): 91-106
VII. MORAL HAZARD II: LABOR MARKETS
Kreps, David M. A Course in Microeconomic Theory Princeton: Princeton University Press, 1990. pages 577-585.
Lazear, E. "Performance Pay and Productivity" American Economic Review 90(5) (December 2000): 1346-1361.
VIII. INFORMATION SPILLOVERS AND SOCIAL LEARNING
Bikhchandani, Sushil; David Hirshleifer; and Ivo Welch. "A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades" Journal of Political Economy, Vol. 100, No. 5. (Oct., 1992), pp. 992-1026.
Kuhn, P. and W. Gu. "Learning in Sequential Wage Negotiations: Theory and Evidence" Journal of Labor Economics 17 (January 1999): 109-140