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The American Economic Review is a general-interest economics journal. The journal is published quarterly and contains articles on a broad range of topics. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in the economics profession.

Publisher: American Economic Association

Volume 96, Number 2, May 2006
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Editors' Introduction

Editors' Introduction
pp. viii-viii(1)
Authors: Blasi, Michelle D.E.; Oaxaca, Ronald L.

Foreword

Foreword
pp. ix-ix(1)
Author: Akerlof, George A.

Richard T. Ely Lecture

Kyoto and Beyond: Alternative Approches to Global Warming

Climate Treaties and "Breakthrough" Technologies
pp. 22-25(4)
Author: Barrett, Scott

The Evolution of a Global Climate Change Agreement
pp. 26-30(5)
Author: Pizer, William A.

After Kyoto: Alternative Mechanisms to Control Global Warming
pp. 31-34(4)
Author: Nordhaus, William D.

An International Policy Architecture for the Post-Kyoto Era
pp. 35-38(4)
Authors: Olmstead, Sheila M.; Stavins, Robert N.

The Economics of National Security

Israel, the Palestinian Factions, and the Cycle of Violence
pp. 45-49(5)
Authors: Jaeger, David A.; Paserman, M. Daniele

Poverty, Political Freedom, and the Roots of Terrorism
pp. 50-56(7)
Author: Abadie, Alberto

Empirical Investigations in Industrial Organizations

When to Exit a Product: Evidence from the U. S. Motion-Picture Exhibition Market
pp. 57-61(5)
Authors: Chisholm, Darlene C.; Norman, George

Regulation under Asymmetric Information in Water Utilities
pp. 62-66(5)
Authors: Brocas, Isabelle; Chan, Kitty; Perrigne, Isabelle

The Effects of Rate Regulation on Demand for Supplemental Health Insurance
pp. 67-71(5)
Authors: Bundorf, M. Kate; Simon, Kosali I.

"Build-or-Buy" Strategies in the Local Loop
pp. 72-76(5)
Authors: Bourreau, Marc; Doğan, Pınar

Intellectual Property, Litigation, and Innovation

Patent Litigation with Endogenous Disputes
pp. 77-81(5)
Authors: Bessen, James E.; Meurer, Michael J.

Simultaneous Model of Innovation, Secrecy, and Patent Policy
pp. 82-86(5)
Authors: Kultti, Klaus; Takalo, Tuomas; Toikka, Juuso

When Do More Patents Reduce R&D?
pp. 87-91(5)
Author: Hunt, Robert M.

Prior User Rights
pp. 92-96(5)
Author: Shapiro, Carl

The Roots of Innovation

Vertical Integration and Competition
pp. 97-102(6)
Authors: Aghion, Philippe; Griffith, Rachel; Howitt, Peter

Did Medicare Induce Pharmaceutical Innovation?
pp. 103-107(5)
Authors: Acemoglu, Daron; Cutler, David; Finkelstein, Amy; Linn, Joshua

Valuing Consumer Products by the Time Spent Using Them: An Application to the Internet
pp. 108-113(6)
Authors: Goolsbee, Austan; Klenow, Peter J.

The Dynamics of Open-Source Contributors
pp. 114-118(5)
Authors: Lerner, Josh; Pathak, Parag A.; Tirole, Jean

New Evidence about the Impact of Taxing Corporate-Source Income

Dividend Taxes and Firm Valuation: New Evidence
pp. 119-123(5)
Authors: Auerbach, Alan J.; Hassett, Kevin A.

Putting Firms into Optimal Tax Theory
pp. 130-134(5)
Authors: Kopczuk, Wojciech; Slemrod, Joel

New Developments in Macroeconomics

Helping Infant Economies Grow: Foundations of Trade Policies for Developing Countries
pp. 141-146(6)
Authors: Greenwald, Bruce; Stiglitz, Joseph E.

Investor Sentiment and Corporate Finance: Micro and Macro
pp. 147-151(5)
Authors: Lamont, Owen A.; Stein, Jeremy C.

Information Diffusion in Macroeconomics

Inertia of Forward-Looking Expectations
pp. 152-157(6)
Authors: Morris, Stephen; Shin, Hyun Song

Rational Inattention: Beyond the Linear-Quadratic Case
pp. 158-163(6)
Author: Sims, Christopher A.

Pervasive Stickiness
pp. 164-169(6)
Authors: Mankiw, N. Gregory; Reis, Ricardo

Alan Greenspan's Legacy: An Early Look

The Regulatory Record of the Greenspan Fed
pp. 170-173(4)
Author: Calomiris, Charles W.

The Greenspan Era: Discretion, Rather than Rules
pp. 174-177(4)
Author: Friedman, Benjamin M.

The Road to Price Stability
pp. 178-181(4)
Author: Orphanides, Athanasios

A Letter to Ben Bernanke
pp. 182-184(3)
Author: Mankiw, N. Gregory

Measuring and Interpreting Trends in Economic Inequality

The Polarization of the U.S. Labor Market
pp. 189-194(6)
Authors: Autor, David H.; Katz, Lawrence F.; Kearney, Melissa S.

Postsecondary Education and Increasing Wage Inequality
pp. 195-199(5)
Author: Lemieux, Thomas

The Evolution of Top Incomes: A Historical and International Perspective
pp. 200-205(6)
Authors: Piketty, Thomas; Saez, Emmanuel

Economic Consequences of Social Identity

Discrimination, Social Identity, and Durable Inequalities
pp. 206-211(6)
Authors: Hoff, Karla; Pandey, Priyanka

Group Affiliation and Altruistic Norm Enforcement
pp. 217-221(5)
Authors: Bernhard, Helen; Fehr, Ernst; Fischbacher, Urs

Migration, Human Capital, Employment, and Earnings

Migration, Remittances, and Male and Female Employment Patterns
pp. 222-226(5)
Authors: Amuedo-Dorantes, Catalina; Pozo, Susan

Gender and Performance: Evidence from School Assignment by Randomized Lottery
pp. 232-236(5)
Authors: Hastings, Justine S.; Kane, Thomas J.; Staiger, Douglas O.

The Impact of State Licensing Regulations on Low-Skilled Immigrants: The Case of Vietnamese Manicurists
pp. 237-241(5)
Authors: Federman, Maya N.; Harrington, David E.; Krynski, Kathy J.

Skin-Tone Discrimination and Economic Outcomes

Shades of Discrimination: Skin Tone and Wages
pp. 242-245(4)
Authors: Goldsmith, Arthur H.; Hamilton, Darrick; Darity, William

Crime and Punishment: And Skin Hue Too?
pp. 246-250(5)
Authors: Gyimah-Brempong, Kwabena; Price, Gregory N.

Social Interactions: Consequences for Schooling and Employment

Why Personal Ties Cannot Be Bought
pp. 261-264(4)
Authors: Casella, Alessandra; Hanaki, Nobuyuki

Is School Segregation Good or Bad?
pp. 265-269(5)
Authors: Echenique, Federico; Fryer, Roland G.; Kaufman, Alex

Wages and Employment in a Random Social Network with Arbitrary Degree Distribution
pp. 270-274(5)
Authors: Ioannides, Yannis M.; Soetevent, Adriaan R.

Exposing Cheating and Corruption

Point Shaving: Corruption in NCAA Basketball
pp. 279-283(5)
Author: Wolfers, Justin

How Widespread Was Late Trading in Mutual Funds?
pp. 284-289(6)
Author: Zitzewitz, Eric

The Family, Institutions, and Economic Growth

Marriage Laws and Growth in Sub-Saharan Africa
pp. 295-298(4)
Authors: Schoellman, Todd; Tertilt, Michèle

Trade and the Great Divergence: The Family Connection
pp. 299-303(5)
Authors: Galor, Oded; Mountford, Andrew

Political Economy

Health and Democracy
pp. 313-318(6)
Authors: Besley, Timothy; Kudamatsu, Masayuki

Democracy and Development: The Devil in the Details
pp. 319-324(6)
Authors: Persson, Torsten; Tabellini, Guido

De Facto Political Power and Institutional Persistence
pp. 325-330(6)
Authors: Acemoglu, Daron; Robinson, James A.

High Growth, Contrasting Stories: China, India, Russia

Modernizing China's Growth Paradigm
pp. 331-336(6)
Authors: Prasad, Eswar S.; Rajan, Raghuram G.

Why Is Russian GDP Growth Slowing?
pp. 342-347(6)
Author: Desai, Padma

Entrepreneurs and Enterprises in China's Transition to Market

Who Are China's Entrepreneurs?
pp. 348-352(5)
Authors: Djankov, Simeon; Qian, Yingyi; Roland, Gérard; Zhuravskaya, Ekaterina

The Multitask Theory of State Enterprise Reform: Empirical Evidence from China
pp. 353-357(5)
Authors: Bai, Chong-En; Lu, Jiangyong; Tao, Zhigang

Institutional Entrepreneurs
pp. 358-362(5)
Authors: Li, David Daokui; Feng, Junxin; Jiang, Hongping

Executive Turnover and Firm Performance in China
pp. 363-367(5)
Authors: Kato, Takao; Long, Cheryl

German Reunification: Lessons and Legacy

Factor Reallocation in Eastern Germany after Reunification
pp. 368-374(7)
Author: Burda, Michael C.

The Caring Hand that Cripples: The East German Labor Market after Reunification
pp. 375-382(8)
Authors: Snower, Dennis J.; Merkl, Christian

African Economic Development

The Return to Capital in Ghana
pp. 388-393(6)
Authors: Udry, Christopher; Anagol, Santosh

War and Institutions: New Evidence from Sierra Leone
pp. 394-399(6)
Authors: Bellows, John; Miguel, Edward

Asian Growth and African Development
pp. 400-404(5)
Authors: de Carvalho Chamon, Marcos; Kremer, Michael R.

The Economics of Sudden Stops in Emerging Economies

Sudden Stops and Phoenix Miracles in Emerging Markets
pp. 405-410(6)
Authors: Calvo, Guillermo A.; Izquierdo, Alejandro; Talvi, Ernesto

Lessons from the Debt-Deflation Theory of Sudden Stops
pp. 411-416(6)
Author: Mendoza, Enrique G.

On Overborrowing
pp. 417-421(5)
Authors: Uribe, Martín

Asian Currency Matters

China's Exchange Rate Policy Dilemma
pp. 422-426(5)
Authors: Goldstein, Morris; Lardy, Nicholas

China's Exchange Rate Trap: Japan Redux?
pp. 427-431(5)
Author: McKinnon, Ronald

The Parallel-Currency Approach to Asian Monetary Integration
pp. 432-436(5)
Author: Eichengreen, Barry

Research on Teaching Innovations

Requiring a Math Skills Unit: Results of a Randomized Experiment
pp. 437-441(5)
Authors: Pozo, Susan; Stull, Charles A.

Technology Improves Learning in Large Principles of Economics Classes: Using Our WITS
pp. 442-446(5)
Authors: Ball, Sheryl B.; Eckel, Catherine; Rojas, Christian

Incentives and Student Learning: A Natural Experiment with Economics Problem Sets
pp. 447-452(6)
Authors: Grove, Wayne A.; Wasserman, Tim

Research on Ph.D. Programs in Economics

Matriculation in U.S. Economics Ph.D. Programs: How Many Accepted Americans Do Not Enroll?
pp. 453-457(5)
Authors: Finegan, T. Aldrich; Stock, Wendy A.; Siegfried, John J.

Attrition in Economics Ph.D. Programs
pp. 458-466(9)
Authors: Stock, Wendy A.; Finegan, T. Aldrich; Siegfried, John J.

Time-to-Degree for the Economics Ph.D. Class of 2001–2002
pp. 467-474(8)
Authors: Stock, Wendy A.; Siegfried, John J.

Proceedings

Minutes of the Annual Meeting
pp. 477-478(2)
Author: Siegfried, John J.

Minutes of the Executive Committee Meetings
pp. 479-489(11)
Author: Siegfried, John J.

Reports

Report of the Secretary for 2005
pp. 490-492(3)
Author: Siegfried, John J.

Report of the Treasurer
pp. 493-496(4)
Author: Siegfried, John J.

Editor, Journal of Economic Literature
pp. 510-511(2)
Author: Gordon, Roger

Editor, Journal of Economic Perspectives
pp. 512-513(2)
Author: Shleifer, Andrei

Report of the Director, Job Openings for Economists
pp. 514-515(2)
Author: Siegfried, John J.

Report of the Committee on Economic Education
pp. 516-518(3)
Author: Walstad, William

American Economic Association Universal Academic Questionnaire Summary Statistics
pp. 527-530(4)
Authors: Scott, Charles E.; Siegfried, John J.

The American Economic Association

Past Officers
pp. 537-538(2)

Honors and Awards
pp. 539-541(3)

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