NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Andrei Shleifer

Contact and additional information for this authorAll publicationsWorking Papers only

Working Papers

December 2013Salience Theory of Judicial Decisions
with Pedro Bordalo, Nicola Gennaioli: w19695
June 2013X-CAPM: An Extrapolative Capital Asset Pricing Model
with Nicholas Barberis, Robin Greenwood, Lawrence Jin: w19189
Finance and the Preservation of Wealth
with Nicola Gennaioli, Robert W. Vishny: w19117
May 2013Competition for Attention
with Pedro Bordalo, Nicola Gennaioli: w19076
April 2013Growth in Regions
with Nicola Gennaioli, Rafael La Porta, Florencio Lopez de Silanes: w18937
January 2013Salience and Asset Prices
with Pedro Bordalo, Nicola Gennaioli: w18708
Expectations of Returns and Expected Returns
with Robin Greenwood: w18686
August 2012Letter Grading Government Efficiency
with Alberto Chong, Rafael La Porta, Florencio Lopez-de-Silanes: w18268
June 2012Money Doctors
with Nicola Gennaioli, Robert W. Vishny: w18174
Education and the Quality of Government
with Juan Botero, Alejandro Ponce: w18119
March 2012Salience and Consumer Choice
with Pedro Bordalo, Nicola Gennaioli: w17947
January 2012Salience in Experimental Tests of the Endowment Effect
with Pedro Bordalo, Nicola Gennaioli: w17761
October 2011Teaching Practices and Social Capital
with Yann Algan, Pierre Cahuc: w17527
June 2011Human Capital and Regional Development
with Nicola Gennaioli, Rafael La Porta, Florencio Lopez-de-Silanes: w17158
A Model of Shadow Banking
with Nicola Gennaioli, Robert W. Vishny: w17115
February 2011The Unofficial Economy in Africa
with Rafael La Porta: w16821
December 2010Fire Sales in Finance and Macroeconomics
with Robert W. Vishny: w16642
September 2010Salience Theory of Choice Under Risk
with Pedro Bordalo, Nicola Gennaioli: w16387
June 2010Neglected Risks, Financial Innovation, and Financial Fragility
with Nicola Gennaioli, Robert W. Vishny: w16068
May 2010Chasing Noise
with Brock Mendel: w16042
January 2010Efficient Regulation
w15651
Asset Fire Sales and Credit Easing
with Robert W. Vishny: w15652
June 2009What Comes to Mind
with Nicola Gennaioli: w15084
May 2009Unstable Banking
with Robert W. Vishny: w14943
February 2009An Activity-Generating Theory of Regulation
with Joshua Schwartzstein: w14752
Disclosure by Politicians
with Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes: w14703
January 2009Regulation and Distrust
with Philippe Aghion, Yann Algan, Pierre Cahuc: w14648
December 2008The Unofficial Economy and Economic Development
with Rafael La Porta: w14520
March 2008The Evolution of a Legal Rule
with Anthony Niblett, Richard Posner: w13856
February 2008The Divergence of Legal Procedures
with Aron Balas, Rafael La Porta, Florencio Lopez-de-Silanes: w13809
January 2008The Effect of Corporate Taxes on Investment and Entrepreneurship
with Simeon Djankov, Tim Ganser, Caralee McLiesh, Rita Ramalho: w13756
November 2007The Economic Consequences of Legal Origins
with Rafael La Porta, Florencio Lopez-de-Silanes: w13608
February 2007Overruling and the Instability of Law
with Nicola Gennaioli: w12913
December 2006Debt Enforcement Around the World
with Simeon Djankov, Oliver Hart, Caralee McLiesh: w12807
Coarse Thinking and Persuasion
with Sendhil Mullainathan, Joshua Schwartzstein: w12720
November 2006Judicial Fact Discretion
with Nicola Gennaioli: w12679
April 2006Why Does Democracy Need Education?
with Edward Glaeser, Giacomo Ponzetto: w12128
December 2005The Law and Economics of Self-Dealing
with Simeon Djankov, Rafael LaPorta, Florencio Lopez-de-Silanes: w11883
Persuasion in Finance
with Sendhil Mullainathan: w11838
April 2005The Evolution of Precedent
with Nicola Gennaioli: w11265
January 2005Private Credit in 129 Countries
with Simeon Djankov, Caralee McLiesh: w11078
June 2004Conscription as Regulation
with Casey Mulligan: w10558
Do Institutions Cause Growth?
with Edward L. Glaeser, Rafael La Porta, Florencio Lopez-de-Silane: w10568
February 2004Does Competition Destroy Ethical Behavior?
w10269
January 2004Persuasion in Politics
with Kevin Murphy: w10248
Population and Regulation
with Casey B. Mulligan: w10234
November 2003A Normal Country
with Daniel Treisman: w10057
August 2003What Works in Securities Law?
with Rafael La Porta, Florencio Lopez-de-Silane: w9882
June 2003Judicial Checks and Balances
with Rafael LaPorta, Florencio Lopez-de-Silane, Cristian Pop-Eleches: w9775
The Regulation of Labor
with Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silane, Juan Botero: w9756
April 2003The New Comparative Economics
with Simeon Djankov, Edward L. Glaeser, Rafael La Porta, Florencio Lopez-de-Silane: w9608
February 2003Will the Sovereign Debt Market Survive?
w9493
October 2002Media Bias
with Sendhil Mullainathan: w9295
September 2002The Injustice of Inequality
with Edward L. Glaeser: w9150
May 2002The Curley Effect
with Edward L. Glaeser: w8942
April 2002Courts: the Lex Mundi Project
with Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silane: w8890
Comovement
with Nicholas Barberis, Jeffrey Wurgler: w8895
February 2002Family Firms
with Mike Burkart, Fausto Panunzi: w8776
January 2002The Guarantees of Freedom
with Rafael La Porta, Florencio Lopez-de-Silane, Cristian Pop-Eleches: w8759
December 2001The Rise of the Regulatory State
with Edward L. Glaeser: w8650
August 2001Stock Market Driven Acquisitions
with Robert W. Vishny: w8439
May 2001Legal Origins
with Edward L. Glaeser: w8272
Who Owns the Media?
with Simeon Djankov, Caralee McLiesh, Tatiana Nenova: w8288
March 2001A Case for Quantity Regulation
with Edward L. Glaeser: w8184
December 2000Style Investing
with Nicholas Barberis: w8039
October 2000Investor Protection and Equity Markets
with Daniel Wolfenson: w7974
September 2000The Regulation of Entry
with Simeon Djankov, Rafael La Porta, Florencio LopezdeSilanes: w7892
March 2000Federalism with and without Political Centralization: China versus Russia
with Olivier Blanchard: w7616
Government Ownership of Banks
with Rafael La Porta, Florencio Lopezde-Silanes: w7620
February 2000Tunnelling
with Simon Johnson, Rafael La Porta, Florencio Lopez-de-Silanes: w7523
December 1999Investor Protection: Origins, Consequences, and Reform
with Rafael La Porta, Florencio Lopez-deSilanes, Robert W. Vishny: w7428
Coase v. the Coasians
with Simon Johnson: w7447
October 1999Investor Protection and Corporate Valuation
with Rafael La Porta, Florencio Lopez-deSilanes, Robert W. Vishny: w7403
November 1998Not-For-Profit Entrepreneurs
with Edward L. Glaeser: w6810
September 1998The Quality of Goverment
with Rafael La Porta, Florencio Lopez-de-Silanes, Robert Vishny: w6727
July 1998State Versus Private Ownership
w6665
June 1998Agency Problems and Dividend Policies Around the World
with Rafael La Porta, Florencio Lopez-de-Silane, Robert Vishny: w6594
Corporate Ownership Around the World
with Rafael La Porta, Florencio Lopez-de-Silane: w6625
February 1997A Model of Investor Sentiment
with Nicholas Barberis, Robert W. Vishny: w5926
January 1997Legal Determinants of External Finance
with Rafael La Porta, Florencio Lopez-de-Silane, Robert W. Vishny: w5879
December 1996The Invisible Hand and the Grabbing Hand
with Timothy Frye: w5856
Trust in Large Organizations
with Rafael La Porta, Florencio Lopez-de-Silane, Robert W. Vishny: w5864
September 1996The Proper Scope of Government: Theory and an Application to Prisons
with Oliver Hart, Robert W. Vishny: w5744
July 1996Law and Finance
with Rafael La Porta, Florencio Lopez-de-Silane, Robert W. Vishny: w5661
May 1996A Survey of Corporate Governance
with Robert W. Vishny: w5554
October 1995Good News for Value Stocks: Further Evidence on Market Efficiency
with Rafael La Porta, Josef Lakonishok, Robert Vishny: w5311
July 1995The Limits of Arbitrage
with Robert W. Vishny: w5167
May 1995Privatization in the United States
with Florencio Lopez-de-Silane, Robert W. Vishny: w5113
How Does Privatization Work? Evidence from the Russian Shops
with Nicholas Barberis, Maxim Boycko, Natalia Tsukanova: w5136
February 1995Economic Growth in a Cross-Section of Cities
with Edward L. Glaeser, Jose A. Scheinkman: w5013
May 1993Contrarian Investment, Extrapolation, and Risk
with Josef Lakonishok, Robert W. Vishny: w4360
Corruption
with Robert W. Vishny: w4372
February 1993Princes and Merchants: European City Growth before the Industrial Revolution
with J. Bradford De Long: w4274
September 1991Do Institutional Investors Destabilize Stock Prices? Evidence on Herding and Feedback Trading
with Josef Lakonishok, Robert W. Vishny: w3846
July 1991Growth in Cities
with Edward L. Glaeser, Hedi D. Kallal, Jose A. Scheinkman: w3787
Pervasive Shortages Under Socialism
with Robert Vishny: w3791
February 1991Window Dressing by Pension Fund Managers
with Josef Lakonishok, Richard Thaler, Robert Vishny: w3617
Asset Sales and Debt Capacity
with Robert W. Vishny: w3618
Quality and Trade
with Kevin M. Murphy: w3622
December 1990The Allocation of Talent: Implications for Growth
with Kevin M. Murphy, Robert W. Vishny: w3530
The Bubble of 1929: Evidence from Closed-End Funds
with J. Bradford De Long: w3523
October 1990Investor Sentiment and the Closed-End Fund Puzzle
with Charles Lee, Richard Thaler: w3465
December 1989The Size and Incidence of the Losses from Noise Trading
with J. Bradford De Long, Lawrence H. Summers, Robert J. Waldmann: w2875
June 1989Do Managerial Objectives Drive Bad Acquisitions?
with Randall Morck, Robert W. Vishny: w3000
Building Blocks of Market Clearing Business Cycle Models
with Kevin M. Murphy, Robert W. Vishny: w3004
Increasing Returns, Durables and Economic Fluctuations
with Kevin M. Murphy, Robert W. Vishny: w3014
May 1989Breach of Trust in Hostile Takeovers
with Lawrence H. Summers: w2342
March 1989Positive Feedback Investment Strategies and Destabilizing Rational Speculation
with J. Bradford De Long, Lawrence H. Summers, Robert J. Waldmann: w2880
February 1989Characteristics of Hostile and Friendly Takeover Targets
with Randall Morck, Robert W. Vishny: w2295
September 1988Industrialization and the Big Push
with Kevin M. Murphy, Robert W. Vishny: w2708
Income Distribution, Market Size, and Industrialization
with Kevin M. Murphy, Robert Vishny: w2709
The Survival of Noise Traders in Financial Markets
with J. Bradford De Long, Lawrence H. Summers, Robert J. Waldmann: w2715
April 1988Costs Of Financial Distress, Delayed Calls Of Convertible Bonds, And The Role Of Investment Banks
with Dwight Jaffee: w2558
March 1988Alternative Mechanisms for Corporate Control
with Randall Morck, Robert W. Vishny: w2532
October 1987The Economic Consequences of Noise Traders
with J. Bradford De Long, Lawrence H. Summers, Robert J. Waldmann: w2395
June 1987The Efficiency of Investment in the Presence of Aggregate Demand Spillovers
with Robert W. Vishny: w2297
October 1986Management Ownership and Corporate Performance: An Empirical Analysis
with Randall Morck, Robert W. Vishny: w2055
March 1986Bequests as a Means of Payment
with B. Douglas Bernheim, Lawrence H. Summers: w1303

Contact and additional information for this authorAll publicationsWorking Papers only

 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us