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Postlewaite, A.

Overview
Works: 111 works in 265 publications in 1 language and 645 library holdings
Classifications: HB135, 330.0151
Publication Timeline
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Publications about A Postlewaite
Publications by A Postlewaite
Most widely held works by A Postlewaite
Relative income concerns and the rise in married women's employment by David Neumark( Book )
13 editions published between 1993 and 1998 in English and held by 93 libraries worldwide
Abstract: We ask whether women's decisions to be in the labor force may be affected by the decisions of other women in ways not captured by standard models. We develop a model that augments the simple neoclassical framework by introducing relative income concerns into women's (or families') utility functions. In this model, the entry of some women into paid employment can spur the entry of other women, independently of wage and income effects. This mechanism may help to explain why, over some periods, women's employment appeared to rise faster than could be accounted for by the simple neoclassical model. We test the model by asking whether women's decisions to seek paid employment depend on the employment decisions of other women with whom relative income comparisons might be important. In particular, we look at the effects of sisters' employment on women's own employment. We find strong evidence that women's employment decisions are positively related to their sisters' employment decisions. We also take account of the possibility that this positive relationship arises from heterogeneity across families in unobserved variables affecting the employment decision. We conduct numerous empirical analyses to reduce or eliminate this heterogeneity bias. We also look at the relationship between husbands' relative income and wives' employment decisions. In our view, the evidence is largely supportive of the relative income hypothesis
Should Courts always Enforce what Contracting Parties Write? by Luca Anderlini( Computer File )
20 editions published between 2003 and 2007 in English and held by 72 libraries worldwide
We find an economic rationale for the common sense answer to the question in our title courts should not always enforce what the contracting parties write. We describe and analyze a contractual environment that allows a role for an active court. An active court can improve on the outcome that the parties would achieve without it. The institutional role of the court is to maximize the parties' welfare under a veil of ignorance. We study a buyer-seller multiple-widget model with risk-neutral agents, asymmetric information and ex-ante investments. The court must decide when to uphold a contract and when to void it. The parties know their private information at the time of contracting, and this drives a wedge between ex-ante and interim-efficient contracts. In particular, if the court enforces all contracts, pooling obtains in equilibrium. By voiding some contracts the court is able to induce them to separate, and hence improve ex-ante welfare. In some cases, an ambiguous court that voids and upholds both with positive probability may be able to increase welfare even further
Consumption commitments and preferences for risk by A Postlewaite( Book )
9 editions published in 2004 in English and held by 67 libraries worldwide
"We examine an economy in which the cost of consuming some goods can be reduced by making commitments to consumption levels independent of the state. For example, it is cheaper to produce housing services via owner-occupied than rented housing, but the transactions costs associated with the former prompt relatively inflexible housing consumption paths. We show that consumption commitments can cause risk-neutral consumers to care about risk, creating incentives to both insure risks and bunch uninsured risks together. For example, workers may prefer to avoid wage risk while bearing an unemployment risk that is concentrated in as few states as possible"--National Bureau of Economic Research web site
The effect of adolescent experience on labor market outcomes : the case of height by Nicola Persico( Book )
10 editions published between 2001 and 2004 in English and held by 66 libraries worldwide
"Taller workers receive a wage premium. Net of differences in family background, the disparity is similar in magnitude to the race and gender gaps. We exploit variation in an individual's height over time to explore how height affects wages. Controlling for teen height essentially eliminates the effect of adult height on wages for white males. The teen height premium is not explained by differences in resources or endowments. The teen height premium is partly mediated through participation in high school sports and clubs. We estimate the monetary benefits of a medical treatment for children that increases height"--National Bureau of Economic Research web site
On the welfare cost of consumption fluctuations in the presence of memorable goods by Rong Hai( file )
5 editions published in 2013 in English and held by 33 libraries worldwide
We propose a new classification of consumption goods into nondurable goods, durable goods and a new class which we call "memorable" goods. A good is memorable if a consumer can draw current utility from its past consumption experience through memory. We propose a novel consumption-savings model in which a consumer has a well-defined preference ordering over both nondurable goods and memorable goods. Memorable goods consumption differs from nondurable goods consumption in that current memorable goods consumption may also impact future utility through the accumulation process of the stock of memory. In our model, households optimally choose a lumpy profile of memorable goods consumption even in a frictionless world. Using Consumer Expenditure Survey data, we then document levels and volatilities of different groups of consumption goods expenditures, as well as their expenditure patterns, and show that the expenditure patterns on memorable goods indeed differ significantly from those on nondurable and durable goods. Finally, we empirically evaluate our model's predictions with respect to the welfare cost of consumption fluctuations and conduct an excess-sensitivity test of the consumption response to predictable income changes. We find that (i) the welfare cost of household-level consumption fluctuations may be overstated by 1.7 percentage points (11.9% points as opposed to 13.6% points of permanent consumption) if memorable goods are not appropriately accounted for; (ii) the finding of excess sensitivity of consumption documented in important papers of the literature might be entirely due to the presence of memorable goods
Courts of law and unforeseen contingencies by Luca Anderlini( Book )
13 editions published between 2001 and 2005 in English and held by 32 libraries worldwide
We study a contracting model with unforeseen contingencies in which the court is an active player. Ex-ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex-post the court observes whether an unforeseen contingency occurred, and decides whether to void or uphold the contract. If the contract is voided by the court, the parties can renegotiate a new agreement ex-post
Efficient non-contractible investments by Harold Linh Cole( Book )
8 editions published between 1998 and 2000 in English and held by 23 libraries worldwide
Class systems and the enforcement of social norms by Harold Linh Cole( Book )
6 editions published between 1996 and 1998 in English and held by 20 libraries worldwide
Active courts and menu contracts by Luca Anderlini( Book )
8 editions published between 2006 and 2007 in English and held by 13 libraries worldwide
We describe and analyze a contractual environment that allows a role for an active court. The model we analyze is the same as in Anderlini, Felli, and Postlewaite (2006). An active court can improve on the outcome that the parties would achieve without it. The institutional role of the court is to maximize the parties' welfare under a veil of ignorance. In Anderlini, Felli, and Postlewaite (2006) the possibility of 'menu contracts' between the informed buyer and the uninformed seller is described but not analyzed. Here, we fully analyze this case. We find that if we maintain the assumption that one of the potential objects of trade is not contractible ex-ante, the results of Anderlini, Felli, and Postlewaite (2006) survive intact. If however we let all 'widgets' be contractible ex-ante, then multiple equilibria obtain. In this case the role for an active court is to ensure the inefficient pooling equilibria do not exist alongside the superior ones in which separation occurs
Bayesian implementation by Thomas R Palfrey( Book )
2 editions published between 1992 and 1993 in English and held by 8 libraries worldwide
The authors present a basic model of the Bayesian implementation problem and then consider its application in areas including classical pure exchange economies, public goods provision, auctions and bargaining
Social norms and random matching games by Masahiro Okuno-Fujiwara( Book )
4 editions published between 1990 and 1993 in English and held by 7 libraries worldwide
Finite bubbles with short sale constraints and asymmetric information by Franklin Allen( Book )
3 editions published between 1992 and 1993 in English and held by 7 libraries worldwide
Workers versus firms bargaining over a firm's value by George Joseph Mailath( Book )
5 editions published between 1988 and 1990 in English and held by 7 libraries worldwide
Notes on optimality and feasibility of informationally decentralized allocation mechanisms by A Postlewaite( Book )
4 editions published in 1979 in English and held by 6 libraries worldwide
Informational size and incentive compatibility by Richard MacLean( Book )
5 editions published between 1999 and 2003 in English and held by 6 libraries worldwide
Should courts always enforce what contracting parties write? ( Computer File )
5 editions published between 2003 and 2009 in English and held by 6 libraries worldwide
On belief based refinements in signaling games by George Joseph Mailath( Book )
3 editions published in 1991 in English and held by 6 libraries worldwide
Differential information and strategic behavior in economic environments: a general equilibrium approach by A Postlewaite( Book )
5 editions published between 1983 and 1984 in English and held by 6 libraries worldwide
Pricing in matching markets by George J Mailath( Computer File )
5 editions published between 2010 and 2011 in English and held by 5 libraries worldwide
Different markets are cleared by different types of prices - a universal price for all buyers and sellers in some markets, seller-specific prices that are uniform across buyers in others, and personalized prices tailored to both the buyer and the seller in yet others. We introduce the notion of premuneration values - the values in the absence of any muneration (payments) - created by the buyer-seller match. We characterize the premuneration values under which uniform-price and personalized-price equilibria agree. In this case, we have efficient allocations, including pre-match investment decisions, without the costs of personalized pricing. We then examine the inefficiencies that arise when the premuneration values preclude the agreement of uniform-price and personalized-price equilibria. We view premuneration values as an important consideration in market design
Depth of knowledge and the effect of higher order uncertainty by Stephen Morris( Book )
1 edition published in 1993 in English and held by 5 libraries worldwide
 
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Alternative Names
Postlewaite, Andrew
Postlewaite, Andrew W. 1943-
Postlewaite, Andrew William 1943-
Languages
English (134)
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