Most Recent

• "(Pro-) Social Learning and Strategic Disclosure," with Nikhil Vellodi, forthcoming, American Economic Journal: Micro.
• "It Hurts To Ask", with Ania Jaroszewicz and George Loewenstein. European Economic Review, (2024) 127, 104911.
• "Environmental Preferences and Technological Choices: Is Market Competition Clean or Dirty?" with Philippe Aghion, Ralf Martin, and Alexandra Roulet, American Economic Review: Insights, (2023), 5, 1-20.
• “Laws and Norms,” with Jean Tirole – New Version, August 2024.
• "Ends versus Means: Kantians, Utilitarians, and Moral Decisions," with Armin Falk and Luca Henkel. NBER Working Paper 32073, January 2024.
• "Forbidden Fruits: The Political Economy of Science, Religion, and Growth", with Davide Ticchi and Andrea Vindigni, Review of Economic Studies, (2022) 89, 1785-1832.
  • Online Appendices
    • Slides
• "Eliciting Moral Preferences:Theory and Experiment," with Armin Falk, Luca Henkel and Jean Tirole, New version, September 2024.
  • Slides
• "Image Versus Information: Changing Societal Norms and Optimal Privacy", with S. Nageeb Ali, American Economic Journal: Microeconomics, 2020, 12(3): 116-164.
  • Online Appendix
  • Slides
• "Narratives, Imperatives, and Moral Persuasion," with Armin Falk and Jean Tirole. New version, April 2020.
  • Older version: NBER Working Paper 24798, July 2018.
  • Slides
• Discussion of "Understanding the Great Gatsby Curve," by Durlauf and Sheshadri," NBER Macro Annual 2017, (M. Eichenbaum and J. Parker, eds.), Vol. 32, 394-406
• "Mindful Economics: The Production, Consumption, and Value of Beliefs", with Jean Tirole, Journal of Economic Perspectives, 30(3), Summer 2016, 141-164.
  • Slides
• “Bonus Culture: Competitive Pay, Screening and Multitasking," with Jean Tirole, Journal of Political Economy, (2016), 124(2), 305-370. (Lead article).
• "The Economics of Motivated Beliefs," Jean-Jacques Laffont Lecture, Revue d'Economie Politique (2015), 125(5), 665-685.
  • Slides
• "Religion and Innovation", with Davide Ticchi and Andrea Vindigni, American Economic Review, Papers and Proceedings (2015), 105(5), 346-351.
  • Slides
• "Bonus Culture: Competitive Pay, Screening, and Multitasking", with Jean Tirole, Journal of Political Economy, (2016), 124(2), 305-370. (Link to main paper only).
  • Paper with supplementary appendices
  • Slides

Economics and Psychology

• "Groupthink: Collective Delusions in Organizations and Markets", Review of Economic Studies (2013) 80, 429-462.
• Paper plus all online appendices
• Groupthink Slides
• "Laws and Norms", with Jean Tirole, NBER Working Paper 17579, November 2011.
• "Identity, Morals and Taboos: Beliefs as Assets," with Jean Tirole, The Quarterly Journal of Economics, 126, (2011), 805-855.
  • Slides
• "Individual and Corporate Social Responsibility," with Jean Tirole, Economica, 77, (2010), 1-19. 
• "Over My Dead Body: Bargaining and the Price of Dignity," with Jean Tirole, American Economic Review, Papers and Proceedings, 99(2), (2009), 459-465.
• "Ideology," Journal of the European Economic Association April-May 2008 6(2–3), 321–352.
• "Groupthink and Ideology". Slides from Schumpeter Lecture, August 2007 Princeton University mimeo.
• "Incentives and Prosocial Behavior", with Jean Tirole, American Economic Review, 96(5), December (2006), 1652-1678. Earlier, longer version.
  • Slides
• "Belief in a Just World and Redistributive Politics" with Jean Tirole, Quarterly Journal of Economics, 121(2), May 2006, 699-746.
• "Willpower and Personal Rules" with Jean Tirole, Journal of Political Economy, 112 (4), 2004, 848-887
  • Slides
• Technical Appendix for "Willpower and Personal Rules".
• "Self-Control in Peer Groups", with Marco Battaglini and Jean Tirole, Journal of Economic Theory, 112 (4), (2005), 848-887. 
• "Intrinsic and Extrinsic Motivation" with Jean Tirole, Review of Economic Studies, 70(3) (2003), 489-520.
  • Slides
• "Dynamic Inconsistency and Self-Control: A Planner-Doer Interpretation" with Marek Pycia, Economic Letters, 77(3) (2002), 419-424.
• "Self-Confidence and Personal Motivation" with Jean Tirole, Quarterly Journal of Economics, August 2002, 117(3), 871-915.
  • Slides
• "Self-Knowledge and Self-Regulation: An Economic Approach" with Jean Tirole, in The Psychology of Economic Decisions: Volume One: Rationality and Well-Being, I. Brocas and Juan Carrillo, eds., Oxford University Press, (2002) 137-167

Inequality, Social Mobility, and Redistribution

• Discussion of "Understanding the Great Gatsby Curve," by Durlauf and Sheshardi," NBER Macro Annual 2017, forthcoming
• "Inequality, Technology, and the Social Contract", forthcoming in Handbook of Economic Growth, P. Aghion and S. Durlauf, eds.Chapter 25, 1595-1638, North-Holland.
  • Slides
• "Belief in a Just World and Redistributive Politics," with Jean Tirole, Quarterly Journal of Economics, 121(2), May 2006, 699-746.
  • Slides
• "Tax and Education Policy in a Heterogeneous Agent Economy: What Levels of Redistribution Maximize Growth and Efficiency?" Econometrica, 70(2), March 2002, 481-517
• "Social Mobility and the Demand for Redistribution: The POUM Hypothesis" with Efe Ok, Quarterly Journal of Economics, 116(2), May 2001, 447-487
• "Unequal Societies: Income Distribution and the Social Contract" American Economic Review, 90, March 2000, 96-129
• "Meritocracy, Redistribution and the Size of the Pie," in Meritocracy and Inequality, Kenneth Arrow, Samuel Bowles and Steven Durlauf, eds., Princeton University Press, 2000: 317-339
• "Mobility as Progressivity: Ranking Income Processes According to Equality of Opportunity", with Efe Ok, NBER Working Paper No.8431, August 2001.
• "Inequality and Growth," NBER Macroeconomics Annual, 1996, B. Bernanke and J. Rotemberg, eds., 11-74
• "Heterogeneity, Stratification and Growth: Macroeconomic Implications of Community Structure and School Finance," American Economic Review, 86 (1996) 584-609.

Education, Socioeconomic Segregation, and Cities

• "The French Zones D'Education Prioritaire: Much Ado About Nothing?"with Francis Kramarz and Corinne Prost, Economics of Education Review, 28 (2009), 345–356.
• "Heterogeneity, Stratification and Growth: Macroeconomic Implications of Community Structure and School Finance",American Economic Review, 86 (1996) 584-609.
• "Equity and Efficiency in Human Capital Investment: The Local Connection" Review of Economic Studies, 62, (1996), 237-264.
• "Workings of a City: Location, Education, and Production" Quarterly Journal of Economics, 108, (1993), 619-652.

Inflation and Imperfect Competition

• "On Inflation and Output with Costly Price Changes: A Simple Unifying Result" with Kerzy Konieczny, American Economic Review, 84 (1994), 290-297.
• "Inflation and Markups: Theories and Evidence from the Retail Trade Sector," European Economic Review, 36 (1992) 566-574.
• "Search with Learning from Prices: Does Increased Inflationary Uncertainty Lead to Higher Markups?," with Robert Gertner. Review of Economic Studies, 60 (1993) 69-95.
• "Inflation and Efficiency in Search Markets," Review of Economic Studies, 59 (1992), 299-330.
• "Optimal Price Dynamics and Speculation with a Storable Good," Econometrica 57 (1989), 41-80.
• "Search, Price Setting, and Inflation," Review of Economic Studies, 55 (1988), 353-376.

Strategic Communication, Price Manipulation, and Speculation

• "Trust, Coordination and the Political Economy of Activism" with Marco Battaglini, the Journal of European Economic Association 1 (4), June 2003, 851-870
• "Using Privileged Information to Manipulate Markets: Insiders, Gurus, and Credibility," with Guy Laroque,Quarterly Journal of Economics, 107 (1992), 921-948.
• "Optimal Price Dynamics and Speculation with a Storable Good," Econometrica 57 (1989), 41-80.

Other Topics

• "Search Market Equilibrium, Bilateral Heterogeneity, and Repeat Purchases," Journal of Economic Theory, 60 (1993), 140-158.
• "History Versus Expectations: A Comment," with Kiyoji Fukao, Quarterly Journal of Economics, 108 (1993), 535-542.