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We implement an artefactual field experiment in rural Malawi to study revisions of prior choices regarding future income receipts. This allows examination of intertemporal choice revision and its de...
We characterize infrequent durables stock adjustment by consumers who also derive utility from non-durable consumption flows in the presence of idiosyncratic income uncertainty. The data we ana...
We show that the e§ects of taxes on labor supply are shaped by interactions between adjustment costs for workers and hours constraints set by Örms. We develop a model in which Örms post jo...
A growing literature on trade and finance has established that credit constraints are an important determinant of global trade patterns. This paper surveys the recent theoretical and empirical dev...
To combat adverse selection, governments increasingly base payments to health plans and providers on enrollees’ scores from risk-adjustment formulae. In response to evidence of plan overpayments due t...
Complexity and Adjustment in Input-Output Systems。
Is an option to early terminate a swap at its market value worth zero? At first sight it is, but in presence of counterparty risk it depends on the criteria used to determine such market value. In cas...
We develop and test a conceptual model, based on reciprocity and anchoring theories, that posits how the timing of income-reducing adjustment concessions made by an auditor influences auditee manageme...
This paper explores the relationship between labor market and employment on one hand and macroeconomic imbalance and its adjustment on the other. It argues that distortions and rigidities in the lab...
Since the 1980s, economic adjustment has emerged as one of the key determinants of Middle Eastern economic development and a way to address challenges of economic globalization. It has produced positi...
This paper is completed in July 2000, when I ama visiting fellow at China Center for Economic Research (CCER), Peking University. I am indebted to HAI Wen and YAO Yang for their kindly discussion thro...

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