Macroeconomics and Individual Decision Making

December 11, 1998

George A. Akerlof and Robert Shiller, Organizers

Lawrence Ausubel, University of Maryland
"Adverse Selection in the Credit Card Market"
     Discussant: Richard Zeckhauser, Harvard University and NBER

Marianne Bertrand, Princeton University and NBER and Sendhil Mullainathan, MIT and NBER
"Is There Discretion in Wage Setting? A Test Using Takeover Legislation"
     Discussant: Truman Bewley, Yale University

Andrew Caplin, New York University and NBER and John Leahy, Boston University and NBER
"Anticipation, Uncertainty, and Time Inconsistency"
     Discussant: Ted O'Donoghue, Cornell University

Carl Campbell, Dartmouth College
"An Efficiency Wage Model of the Wage Curve, The Phillips Curve, and the Natural Rate of Unemployment"
     Discussant: Gil Mehrez, Georgetown University

David Laibson and Edward Glaeser, Harvard University and NBER and Christine Soutter, Harvard University
"Measuring Trust: Do ActIons Speak Louder than Words?"
     Discussant: Raphael Di Tella, Harvard University

John Shea, University of Maryland and NBER
"Nominal Illusion: Evidence from Major League Baseball"
     Discussant: Peter Diamond, MIT and NBER

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Sponsored by:
Russell Sage Foundation and National Bureau of Economic Research