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Online Updates


April 2014 release

European Union (EU) research and experimental development (R&D) policy by Henri Delanghe, The European Commission, Belgium
Research and experimental development (R&D) and technological innovation policy by Henri Delanghe and Ugur Muldur, both at The European Commission, Belgium
History and comparative development by Louis Putterman, Brown University, USA

Arab Spring special feature: economic profiles of the following countries:

Algeria
Egypt
Jordan
Libya
Oman
Syria
Tunisia
Yemen

Revised article: Dale T. Mortensen by Rasmus Lentz, University of Wisconsin, Madison, USA

December 2013 release

LIBOR: origins, economics, crisis, scandal and reform by David Hou and David Skeie, Federal Reserve Bank of New York, USA
Personal debt and psychological health by John Gathergood, University of Nottingham, UK
Dutch Disease and foreign aid by Christopher Adam, University of Oxford, UK
Aid conditionality by Oliver Morrissey, University of Nottingham, UK
Factor misallocation and development by Diego Restuccia, University of Toronto, Canada

September 2013 release

Quantitative easing by the major western central banks during the global financial crisis by Jonathan Ashworth, Morgan Stanley, UK
Theory of economic integration: a review by Nigel Grimwade, London South Bank University, UK
Lloyd Shapley by Manel Alibes Baucells, Universitat Pompeu Fabra, Spain, Raul Lejano, New York University, USA and Cheng-Zhong Qin, University of California, USA
Nursing homes by Edward C. Norton, University of Michigan, USA
Health-state evaluation and utility theory by Alastair McGuire, London School of Economics, UK

Updated article: Ronald Coase by Steven, G Medema

June 2013 release

The Russian economy by Shlomo Weber, Southern Methodist University, USA and Michael Alexeev, Indiana University, USA
The economics of pricing services online by Anya Lambrecht, London Business School, UK
Law and economics of copyright and trademarks on the Internet by Stefan Bechtold, ETH Zurich, Switzerland
Alvin Roth by Fuhito Kojima, Stanford University, USA
Design and impact of physician payment incentives: theory and evidence by Douglas A. Conrad, University of Washington, USA

December 2012 release

Shadow banking: a review of the literature by Tobias Adrian and Adam B. Ashcraft, Federal Reserve Bank of New York, USA
ICT, internet and worker productivity by Irene Bertschek, Centre for European Economic Research, Germany
Internet and the offline world by Avi Goldfarb, University of Toronto, Canada
The economics of online recruitment by Catherine Thomas, London School of Economics, UK
Paul Krugman by Steven Pressman, Monmouth University, USA

October 2012 release

What lessons can be drawn from the Lehman Brothers bankruptcy? by Thomas J. Fitzpatrick IV, Federal Reserve Bank of Cleveland, USA and James B. Thomson, University of Akron, USA
Indian economy: yesterday, today and tomorrow by Arvind Panagariya, Columbia University, USA
Economics of online platforms by Alexander White, Tsinghua University, China
Sales tax and electronic commerce by Nathan M. Fong, Temple University, USA
Christopher Albert Sims by Marcel Boumans, University of Amsterdam, The Netherlands

Substantially revised for our latest release

Greek crisis in perspective: origins, effects and ways out
Nicos Christdoulakis, Athens University of Economics and Business, Greece

July 2012 release

Regulatory responses to the financial crisis: an interim assessment by Howard Davies, Sciences Po Paris, France
Thomas J. Sargent by Esther-Mirjam Sent, Redboud University Nijmegen, The Netherlands
Turnpike theory: a current perspective by M. Ali Khan, The Johns Hopkins University, USA and Adriana Piazza, Universidad Tecnica Federico Santa Maria, Chile

Highlighted articles

Turnpike theory, Lionel W. McKenzie
Elinor Ostrom, Paul Dragos Aligica and Peter Boettke

March 2012 Release

The March 2012 release contains brand new articles commissioned for the Online edition and one classic article from The New Palgrave Dictionary of Money and Finance. This release also highlights from our backlist the very topical article Economics of campaign finance, which will be free to view for one month from publication along with the other articles in this release.

Remember, if you have any suggestions for articles you think we should feature in future updates please contact us as we would be delighted to hear from you.

The Greek crisis in perspective: origins, effects and ways-out by Nicos Christodoulakis, Athens University of Economics and Business, Greece
US mortgage and foreclosure law by Zachary K. Kimball and Paul S. Willen both at the Federal Reserve Bank of Boston, USA
Health econometrics by Andrew M Jones, The University of York, UK
Tommaso Padoa-Schioppa by Lorenzo Bini Smaghi, visiting scholar, Harvard University, USA
Risk adjustment by Randall P Ellis, Boston University, USA

A classic article from the New Palgrave Dictionary of Money and Finance
Arbitrage, information theft and insider trading by Michael C. Jensen, Harvard University

Backlist highlight
Economics of campaign finance by Scott Ashworth, The University of Chicago, USA

December 2011 Release

Our December release contains the following brand new articles:

European Union single market: design and development by Jacques Pelkmans, CEPS Brussels and College of Europe Bruges, Belgium
European Union single market: economic impact by Jacques Pelkmans, CEPS Brussels and College of Europe Bruges, Belgium
Health behaviours, economics of by Donald S Kenkel, Cornell University, USA
IQ and national productivity by Garett Jones, George Mason University, USA
Latin American economic development by Mauricio Cárdenas, Minister of Mines and Energy, Government of Colombia, Colombia and Steven M Helfand, University of California, Riverside USA
Observational learning by Lones Smith, University of Wisconsin, Madison, USA and Peter Norman Sørensen, University of Copenhagen, Denmark
Peter Diamond by Nicholas Barr, London School of Economics, UK

September 2011 Release

The September release contains six new articles commissioned for the Online edition of the Dictionary.

The European Monetary Union by Paul De Grauwe, Katholieke Universiteit Leuven, Belgium
European Union budget by Mojmir Mrak, University of Ljubijana, Slovenia
European Union (EU) trade policy by Stephen Woolcock, London School of Economics, UK
Dale Mortensen by Rasmus Lentz, University of Wisconsin - Madison, USA
Christopher Pissarides by Richard Jackman, London School of Economics, UK
Two-part tariffs by Nikolaos Vettas, Athens University of Economics and Business, Greece

June 2011 Release

Our June release contains the following brand new articles:

European monetary integration by David B Mayes, University of Auckland, New Zealand
European Union's Common Agricultural Policy (CAP) by Alan Swinbank, University of Reading, UK
Fall of AIG by William Sjostrom , The University of Arizona, USA
Fannie Mae and Freddie Mac and the crisis in US mortgage finance by Lawrence J White, New York University, USA
The Minsky crisis by Randall Wray, University of Missouri-Kansas, USA
Open source software (a brief survey of the economics of) by Chaim Fershtman and Neil Gandal, both at Tel Aviv University, Israel
Subprime mortgage crisis by Christopher L Foote and Paul Willen, both at the Federal Reserve Bank of Boston, USA

April 2011 Release

Our April release consists of the following brand new articles plus an updated version of the Credit Crunch Chronology originally published in The Statesman's Yearbook:

Credit Crunch Chronology
Economic impact of the Olympic Games by Andrew Zimbalist, Smith College, USA
Edgeworth price cycles by Michael D Noel, University of California, San Diego, USA
European Central Bank and monetary policy in the Euro area by Vitor Gaspar, Bank of Portugal, Portugal and Otmar Issing, Goethe University Frankfurt, Germany
European cohesion policy by Willem Molle, Erasmus University Rotterdam, The Netherlands
Euro Zone crisis 2010 by Daniel Gros and Cinzia Alcidi both at Centre for European Policy Studies, Belgium
William Paley by A. M. C Waterman, University of Manitoba, Canada
The Run on Northern Rock by Charles Goodhart, London School of Economics, UK

December 2010 Update

The following eight new and unique articles have been commissioned especially for this update to the online edition.

Classroom peer effects by Jane Cooley, University of Wisconsin-Madison, USA
Econometric issues in the presence of multiple equilibria by Francesca Molinari, Cornell University, USA
Emily Green Balch by Robert Dimand, Brock University, Canada
Elinor Ostrom by Peter Boettke and Paul Dragos Aligica, both of George Mason University, USA
Gasoline markets by Jean-Francois Houd, University of Wisconsin-Madison, USA
Oliver E Williamson by Scott Masten, University of Michigan, USA
Redlining by Ethan Cohen-Cole, University of Maryland, USA
Rational inattention by Mirko Wiederholt, Northwestern University, USA

October 2010 Update

The seven articles in this update were commissioned especially for the online edition.

Cost-benefit analysis: philosophical issues by Sven Ove Hansson, Royal Institute of Technology, Sweden
Credit rating agencies by Joel Shapiro, Universitat Pompeu Fabra, Spain
Foreclosure, economics of by Kristopher Gerardi, Federal Reserve Bank of Atlanta, USA
Housing and the business cycle by Morris Davis, University of Wisconsin - Madison, USA
Misclassification in binary variables by Christopher Bollinger, University of Kentucky, USA
No trade theorems by Ricardo Serrano-Padial, University of Wisconsin-Madison, USA
Social networks and health outcomes by Jason M Fletcher, Yale University, USA

July 2010 Update

The seven articles in this update have been commissioned especially for the online edition.

Bidding rings by John Asker, New York University, USA
Covered interest parity by Oya Pinar Ardic and C Emre Alper both at Bogaziçi University, Turkey
Housing wealth by Pedro Silos, Federal Research Bank of Atlanta, USA
Illicit drugs, retail market by Manolis Galenianos, Pennsylvania State University, USA
Multiple testing by Jospeh P Romano, Stanford University, USA, Azeem M Shaikh, University of Chicago, USA and Michael Wolf, University of Zurich, Switzerland
Multi-valued treatment effects by Matias Cattaneo, University of Michigan, USA
Random Fields by Nazgul Jenish, New York University, USA

April 2010 Update

The ten articles in this update were commissioned especially for the online edition.

Approval voting by Enriqueta Aragones, Institut d'Anàlisi Econòmica, CSIS. Spain and Micael Castanheira, University Libre de Bruxelles, Belgium
Corruption and economic growth by Niloy Bose, University of Wisconsin at Madison, USA
The economic consequences of weather by Jordan Rappaport, Federal Reserve Bank of Kansas City, USA
Exchange market pressure by Henk Jager and Franc Klaassen both at Universiteit van Amsterdam, The Netherlands
Executive compensation by Mike Bognano, Temple University, USA
General equilibrium with incomplete markets by Martine Quinzii, University of California at Davis and Michael Magill, University of Southern California, USA
Marital institutions by Scott Drewianka, University of Wisconsin at Madison, USA
Social networks: econometrics by Yann Bramoulle and Bernard Fortin both at Université Laval, Canada
The Solow residual by Paul Johnson, Vassar College, USA
Trade and environmental regulations by Jenny Minier, University of Kentucky, USA

December 2009 Update

The December update contains seven articles specifically commissioned for the online edition.

Austrian economics: recent work by Mario J Rizzo, New York University, USA
Chandler, Alfred by Walter Friedman, Harvard University, USA
International coordination of regulation by David Lazer, Harvard University, USA
Matching models: empirics by Jeremy Fox, University of Chicago, USA
Preindustrial inequality by Branko Milanovic, World Bank, USA
Reparations by Kim Oosterlink, Universite Libre de Bruxelle, Belgium
Wal-mart, Economics of, by Emek Basker, University of Missouri, USA

September 2009 Update

Our September 2009 update is comprised of seven brand new articles commissioned especially for the online edition.

Case based decision theory by Ani Guerdjikova, Cornell University, USA
Foreign exchange reserve management by Claudio Borio, Bank for International Settlements, Switzerland
History of forward contracts by Kim Oosterlinck, Université Libre de Bruxelles, Belgium
Indian economic development by Arvind Panagariya, Columbia University, USA
National leadership and economic growth by Benjamin Jones, Northwestern University, USA
Social networks: Austrian perspectives by Emily Chamlee-Wright, Beloit College, USA
White, Harry Dexter by James M Boughton, International Monetary Fund, USA

June 2009 Update

We are pleased to announce that the fourth update to the online Dictionary is now live. This is comprised of eight brand new articles specially commissioned for the online edition. We've also recently added a number of functionality and design enhancements to the website . Remember, that if you have any suggestions for articles we should feature in future updates please contact us as we would be delighted to hear from you.

Central Bank Communication by Michael Ehrmann and Marcel Fratzscher, The European Central Bank, Germany
Economics in Belgium by Guido Erreygers, University of Antwerp, Belgium
Economics of Franchises by Roger Blair and Jessica Haynes, University of Florida, USA
Flypaper Effect by Robert P Inman, University of Pennsylvania, USA
Marshall Plan by Francisco Alvarez-Cuadrado, McGill University, Canada
Statistical Discrimination by Andrea Moro, Vanderbilt University, USA
Taste Based Discrimination by Jonathan Guryan and Kerwin Charles, The University of Chicago, USA
Voluntary Contribution Model of Public Goods by Richard Cornes, Australian National University, Australia

March 2009 Update

The articles from our March 2009 update can be accessed from the links below. This update included eight new, specially commissioned articles.

The Barings Crisis by Marc Weidenmier, Claremont McKenna College, USA
Heavy Tailed Densities by Rustam Ibragimov, Harvard University, USA
Islamic Finance by Mahmoud El-Gamal, Rice University, USA
Minimax by Jörg Stoye, New York University, USA
Minimax Regret by Jörg Stoye, New York University, USA
Money Supply in the American Colonies by Farley Grubb, University of Delaware, USA
Patent Races by Richard Jensen, University of Notre Dame, USA
Tournaments by Tor Eriksson, Aarhus School of Business and Center for Corporate Performance, Denmark

December 2008 Update

The articles from December 2008 update, can be accessed from the links below. This update included five new, specially commissioned articles, along with 10 biographies of key figures from the world of economics that originally featured in the first edition of the Dictionary.

Dutch Disease by Thorvaldur Gylfason, University of Iceland, Iceland
Economy of Ancient Greece by Paul Cartledge, University of Cambridge, UK
Gale, David (1921-2008) by Joel Sobel, University of California San Diego, USA
Legal Institutions and the Ancient Economy by Dennis P Kehoe, Tulane University, USA
Pretesting by Jan Magnus, Tilburg University, The Netherlands

New biographies:

Anderson, James (1739-1808) by J.M.A Gee
Amoroso, Luigi (1886-1965) by Giancarlo Gandolfo
Ashton, Thomas Sutcliffe (1889-1968) by Phyllis Deane
Burns, Arthur Robert (1895-1981) by Henry W. Spiegel
Collet, Clara Elizabeth (1860-1948) by R.D. Colinson Black
Macfie, Alec Lawrence (1898-1980) by Andrew Skinner
Pennington, James (1777-1862) by Murray Milgate
Thompson, Thomas Perronet (1783-1869) by Murray Milgate and Alistair Levy
Twiss, Travers (1809-1897) by Murray Milgate
Wilson, Edwin Bidwell (1879-1964) by Murray Milgate

September 2008 Update

The articles from our very first update to the online Dictionary can be accessed from the links below. This update included 5 new, specially commissioned articles, along with 19 biographies of key figures from the world of economics that originally featured in the 1st edition of the Dictionary.

Demography of the Ancient World by Walter Scheidel,Stanford University, USA
Hutchison, Terrence Wilmot (1912-2007) by Roger Backhouse, University of Birmingham, UK
Patent Pools by Daniel Quint, University of Wisconsin, Madison, USA
Stigma by Steven Durlauf, University of Wisconsin, Madison, USA; and Lawrence Blume, Cornell University, USA
Thin Markets by Marzena Rostek, University of Wisconsin, Madison, USA and Marek Weretka, University of Wisconsin, Madison, USA

New biographies:

Abbott, Edith by P.Kerr
Akerman, Joan Gustavo by K.Velupillai
Akerman, Johan Henrik by K.Velupillai
Babbage, Charles by Maxine Berg
Buchanan, David by Andrew Skinner
Carey, Henry Charles by Henry W. Spiegel
Colquhoun, Patrick by D.P. O’Brien
Cunynghame, Henry Harding by J.K. Whitaker
Hearn, William by M.White
Huskisson, William by Roy Green
Millar, John by Nicholas Phillipson
Mummery, Albert by Michael Bleaney
Newmarch, William by D.P. O’Brien
Oncken, August by Jurg Niehans
Postlethwayt, Malachy by William Darity
Rist, Charles by Roger Dehem
Svennilson, Ingmar by Bjorn Hansson
Sohmen, Egon by Kotaro Suzumura
Ure, Andrew by William Lazonick