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作者：Zhong, Songfa; Shalev, Idan; Koh, David; Ebstein, Richard P.; Chew, Soo Hong
作者单位：National University of Singapore; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：This study explores the relationship between competitiveness and stress. In Experiment 1, we observe a higher response of cortisolthe primary stress hormoneto the computation task coupled with tournament than to the computation task with piece rate. Moreover, more competitive subjects exhibit higher stress responses than their less competitive counterparts in the computation tasks under both tournament and piece rate. In Experiment 2, we find that exogenously induced stress does not significan...
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作者：Bloch, Francis; Demange, Gabrielle; Kranton, Rachel
作者单位：Paris School of Economics; Paris School of Economics; Duke University
摘要：This article studies the transmission of rumors in social networks. We consider a model with biased and unbiased agents. Biased agents want to enforce a specific decision and unbiased agents to match the true state. One agent learns the true state and sends a message to her neighbors, who decide whether or not to transmit it further. We characterize the perfect Bayesian equilibria of the game, show that the social network can act as a filter, and that biased agents may have an incentive to lim...
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作者：de la Croix, David; Delavallade, Clara
作者单位：Universite Catholique Louvain; Center for Economic & Policy Research (CEPR); The World Bank
摘要：We investigate the extent to which the pronatalism of religions impedes growth via the fertility/education channel. Using Southeast Asian censuses, we show empirically that being Catholic, Buddhist, or Muslim significantly raises fertility, especially for couples with intermediate to high education levels. With these estimates, we identify the parameters of a structural model. Catholicism is strongly pro-child (increasing total spending on children), followed by Buddhism, whereas Islam is more...
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作者：Maggi, Giovanni; Staiger, Robert W.
作者单位：Yale University; National Bureau of Economic Research; Dartmouth College
摘要：We develop a model of trade agreements with renegotiation and imperfectly verifiable information. In equilibrium, trade disputes can occur and can be resolved in a variety of ways: Governments may settle early or trigger a court ruling, and in the latter case, they may implement the ruling or reach a post-ruling settlement. The model yields predictions on how the dispute outcome depends on the contracting environment and how it correlates with the optimal contract form. We find support for a k...
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作者：Branas-Garza, Pablo; Galizzi, Matteo M.; Nieboer, Jeroen
作者单位：Middlesex University; University of London; London School Economics & Political Science
摘要：We systematically investigate the links between the digit ratio (2D:4D)a biomarker for prenatal testosterone exposureand two measures of individual risk taking: (i) risk preferences (RP) over lotteries with real monetary incentives and (ii) self-reported risk attitude (RA). We find that both the right-hand and the left-hand digit ratio are significantly associated with RP: Subjects with lower digit ratios tend to choose riskier lotteries. Neither digit ratio, however, is associated with self-r...
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作者：Horioka, Charles Yuji; Gahramanov, Emin; Hayat, Aziz; Tang, Xueli
作者单位：University of Osaka; National Bureau of Economic Research; American University of Sharjah; Deakin University; Deakin University
摘要：We conduct a theoretical and empirical analysis of why children live with (or near) their parents and provide care and assistance to them using microdata from a Japanese household survey, the Osaka University Preference Parameter Study. We find that the Japanese are more likely to live with (or near) their elderly parents and/or to provide care and attention to them if they expect to receive a bequest from them, which constitutes strong support for the strategic bequest motive, but that their ...
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作者：Greenwood, Jeremy; Weiss, David
作者单位：University of Pennsylvania; Tel Aviv University
摘要：James A. Schmitz documents, in a well-known case study (Journal of Political Economy 113 (2005), 582-625), a dramatic rise in productivity in the American and Canadian iron-ore industry following an increase in competition from Brazil. Prior to the increased competition, the industry was not competitive. Economic profits were divided between business and unions. Schmitz attributes the increase in productivity to a change in work practices in the industry, as old negotiated union work rules wer...
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作者：Aaronson, Daniel; French, Eric; Sorkin, Isaac; To, Ted
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; University of London; University College London; Centre for Economic Policy Research - UK; Stanford University; National Bureau of Economic Research
摘要：We document two new findings about the industry-level response to minimum wage hikes. First, restaurant exit and entry both rise following a hike. Second, there is no change in employment among continuing restaurants. We develop a model of industry dynamics based on putty-clay technology that is consistent with these findings. In the model, continuing restaurants cannot change employment, and thus industry-level adjustment occurs gradually through exit of labor-intensive restaurants and entry ...
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作者：Anundsen, Andre Kallak; Larsen, Erling Roed
作者单位：Norges Bank; BI Norwegian Business School
摘要：Using highly granular transaction-level data for the Norwegian housing market over the period 2002-2014, we investigate whether excessive prices persist or revert in repeat sales. Excessiveness in prices is detected by comparing selling prices to predicted prices implied by a hedonic model, which includes a rich set of attributes. Persistence is rejected and there is substantial reversion in excessive prices. Our results also show little scope for profitable arbitrage by investing in apparentl...
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作者：Herweg, Fabian; Schwarz, Marco A.
作者单位：University of Bayreuth; Leibniz Association; Ifo Institut; Centre for Economic Policy Research - UK; University of Innsbruck
摘要：Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constrained optimal award procedure: The procurer awards the contract via a price-only auction and cannot commit not to renegotiate. If cost differences are more pronounced for a fancy than a standard design, it is optimal to fix the standard design ex ante. If renegotiation takes place and the fancy design has higher production costs or the contractor's bargaining position is strong, the final price ex...
