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作者：Mills, Gregory; Gale, William G.; Patterson, Rhiannon; Engelhardt, Gary V.; Eriksen, Michael D.; Apostolov, Emil
作者单位：ABT Associates; Brookings Institution; Syracuse University
摘要：We evaluate the first controlled field experiment on Individual Development Accounts (IDAs). Including their own contributions and matching funds, treatment group members in the Tulsa, Oklahoma program could accumulate $6750 for home purchase or $4500 for other qualified uses. Almost all treatment group members opened accounts, but many withdrew all funds for unqualified purposes. Among renters at the beginning of the experiment, the IDA increased homeownership rates after 4 years by 7-11 perc...
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作者：Berentsen, Aleksander; Bruegger, Esther; Loertscher, Simon
作者单位：University of Melbourne; University of Basel
摘要：We consider an economy with uncertainty about the true production function for a public good. By using Bayes rule the economy can learn from experience. We show that it may learn the truth, but that it may also converge to an inefficient policy where no further inference is possible so that the economy is stuck in an information trap. We also show that our results are robust with respect to small experimentation. (C) 2007 Elsevier B.V. All rights reserved.
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作者：Epple, Dennis; Ferreyra, Maria Marta
作者单位：National Bureau of Economic Research; Carnegie Mellon University
摘要：In 1994 the state of Michigan implemented one of the most comprehensive school finance reforms undertaken to date in any of the states. Understanding the effects of the reform is thus of value in informing other potential reform initiatives. In addition, the reform and associated changes in the economic environment provide an opportunity to assess whether a simple general equilibrium model can be of value in framing the study of such reform initiatives. In this paper, we present and use such a...
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作者：Adams, Scott; Cotti, Chad
作者单位：University of Wisconsin System; University of Wisconsin Milwaukee; University of Wisconsin System
摘要：Using geographic variation in local and state smoke-free bar laws in the US, we observe an increase in fatal accidents involving alcohol following bans on smoking in bars that is not observed in places without bans. Although an increased accident risk might seem surprising at first, two strands of literature on consumer behavior suggest potential explanations - smokers driving longer distances to a bordering jurisdiction that allows smoking in bars and smokers driving longer distances within t...
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作者：Chakrabarti, Rajashri
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York
摘要：The Milwaukee voucher program, as implemented in 1990, allowed only non-sectarian private schools to participate in the program. Following a Wisconsin Supreme Court ruling, the program saw a major shift and entered into its second phase, when religious private schools were allowed to participate for the first time in 1998. This led to more than a three-fold increase in the number of private schools and almost a four-fold increase in the number of choice students. Moreover, due to some changes ...
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作者：Fernandez, Raquel; Levy, Gilat
作者单位：University of London; London School Economics & Political Science; National Bureau of Economic Research; New York University
摘要：In this paper we analyze the interaction of income and preference heterogeneity in a political economy framework. We ask whether the presence of preference heterogeneity (arising, for example, from different ethnic groups or geographic locations) affects the ability of the poor to extract resources from the rich. We study the equilibrium of a game in which coalitions Of individuals form parties, parties propose platforms, and all individuals vote, with the winning policy chosen by plurality. P...
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作者：Han, Seungjin; Leach, John
作者单位：McMaster University
摘要：This paper develops a model in which competing governments offer financial incentives to induce individual firms to locate within their jurisdictions. Equilibrium is described under three specifications of the supplementary taxes. There is no misallocation of capital under two of these specifications, and there might or might not be capital misallocation under the third. This result contrasts strongly with that of the standard tax competition model, which does not allow governments to treat fi...
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作者：Krysiak, Frank C.
作者单位：University of Basel
摘要：It is well-known that price- and quantity-based regulation approaches provide different investment incentives. But usually, only the effect on the level of investment is studied. In this paper, we show that under uncertainty, they also lead to the adoption of different technologies due to the disparate risks that a regulated firm is exposed to. Different regulatory instruments induce different technologies and this effect cannot be compensated by varying the design of the instruments. Furtherm...
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作者：Keely, Louise C.; Tan, Chill Ming
作者单位：Tufts University; University of Wisconsin System; University of Wisconsin Madison
摘要：Recent research suggests that income redistribution preferences vary across identity groups. We employ statistical learning methods that emphasize pattern recognition; classification and regression trees (CART (TM)) and random forests (RandomForests (TM)) to uncover what these groups are. Using data from the General Social Survey, we find that, out of a large set of identity markers only race, gender, age, and socioeconomic class are important classifiers for income redistribution preferences....
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作者：Kind, Hans Jarle; Koethenbuerger, Marko; Schjelderup, Guttorm
作者单位：Norwegian School of Economics (NHH); University of Munich
摘要：This paper examines the efficient provision of goods in two-sided markets and characterizes optimal specific and ad-valorem taxes. We show that (i) a monopoly may have too high output compared to the social optimum; (ii) output may be reduced by posing negative value-added taxes (subsidy) or positive specific taxes.(c) 2008 Elsevier B.V. All rights reserved.
