It's a Papers and Proceedings paper. No referees were involved and there is explicitly no quality control, so complaining "why does AER publish that" makes no sense
http://www.aeaweb.org/articles.php?doi=10.1257/aer.100.2.573
It's a Papers and Proceedings paper. No referees were involved and there is explicitly no quality control, so complaining "why does AER publish that" makes no sense
http://www.aeaweb.org/articles.php?doi=10.1257/aer.100.2.573