Journal Articles 2020–

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RAND Journal of Economics

Word–of–Mouth Communication and Search

We develop a word‐of‐mouth search model where information flows from the old to the new generation for an experience good with unknown quality. We study the features of the social network that determi…
Journal Article
by Arthur Campbell, C. Matthew Leister, Yves Zenou











Applied Economics Letters

Gender Grading Bias in Junior High School Mathematics

Admission to high school in Sweden is based on the final grades from junior high. This article compares students’ final mathematics grade with new data from a high school introductory test score in math…
Journal Article
by Petter Berg, Ola Palmgren, Björn Tyrefors







Journal of Public Economics

Deathbed Tax Planning

We estimate the extent of inheritance tax avoidance among married decedents in Sweden. Following Kopczuk (2007), we compare estates of decedents who pass away from terminal illness and those of decede…
Journal Article
by Oscar Erixson, Sebastian Escobar


















Journal of the European Economic Association

Mothers, Peers, and Gender–Role Identity

We study whether a woman’s labor supply as a young adult is shaped by the work behavior of her adolescent peers’ mothers. Using detailed information on a sample of U.S. teenagers who are followed over…
Journal Article
by Claudia Olivetti, Eleonora Patacchini, Yves Zenou






Political Science Research and Methods

Maps in People’s Heads: Assessing a New Measure of Context

To understand the relationship between place and politics, we must measure both political attitudes and the ways in which place is represented in the minds of individuals. In this paper, we assess a n…
Journal Article
by Cara Wong, Jake Bowers, Daniel Rubenson, Mark Fredrickson, Ashlea Rundlett

Journal of Economic Theory

Social Norms in Networks

Although the linear-in-means model is the workhorse model in empirical work on peer effects, its theoretical properties are understudied. In this study, we develop a social-norm model that provides a…
Journal Article
by Philip Ushchev, Yves Zenou


Journal of Financial Intermediation

Credit Ratings and Structured Finance

The poor performance of credit ratings of structured finance products in the financial crisis has prompted investigation into the role of credit rating agencies (CRAs) in designing and marketing these…
Journal Article
by Jens Josephson, Joel Shapiro






Journal of Finance

What Is a Patent Worth? Evidence from the U.S. Patent 'Lottery'

We provide evidence on the value of patents to startups by leveraging the quasi‐random assignment of applications to examiners with different propensities to grant patents. Using unique data on all fi…
Journal Article
by Joan Farre-Mensa, Deepak Hede, Alexander Ljungqvist

Financial Management

The Investment Behavior of Buyout Funds: Theory and Evidence

We analyze the determinants of buyout funds’ investment decisions. We argue that when there is imperfect competition for private equity funds, the timing of funds’ investment decisions, their risk‐tak…
Journal Article
by Alexander Ljungqvist, Matthew Richardson, Daniel Wolfenzon