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作者：Mroz, Thomas A.; Picone, Gabriel; Sloan, Frank; Yashkin, Arseniy P.
作者单位：University System of Georgia; Georgia State University; Federal Reserve System - USA; Federal Reserve Bank - Atlanta; State University System of Florida; University of South Florida; Duke University
摘要：We estimate a dynamic multistage duration model to investigate how early detection of diabetes can delay the onset of lower extremity complications and death. We allow for partial observability of the disease stage, unmeasured heterogeneity, and endogenous timing of diabetes screening. Timely diagnosis appears important. We evaluate the effectiveness of two potential policies to reduce the monetary costs of frequent screening in terms of lost longevity. Compared to the status quo, the more res...
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作者：Chatterjee, Kalyan; Dutta, Bhaskar
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Warwick
摘要：We analyze a model of diffusion in a fixed, finite connected network. There is an interested party that knows the quality of the product being propagated and chooses an implant in the network to influence other agents to buy. Agents are either innovators, who adopt immediately, or rational. Rational consumers buy if buying instead of waiting maximizes expected utility. We consider the conditions on the network under which optimal diffusion of the good product with probability 1 is a perfect Ba...
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作者：Okoye, Dozie
作者单位：Dalhousie University
摘要：This article studies the relative productivity of skilled to unskilled workers across countries. Relative productivities are broken down into the human capital embodied in skilled workers and relative physical productivities (reflecting production techniques). I find that skilled workers from poorer countries embody less human capital and are also relatively less physically productive. Furthermore, results show that production techniques are inappropriate for most low-income countries, and the...
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作者：Sanches, Daniel
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Philadelphia
摘要：Monetary economists have long recognized a tension between the benefits of fractional reserve banking, such as the ability to undertake more profitable (long-term) investment opportunities, and the difficulties associated with it, such as the risk of insolvency for each bank and the associated losses to bank liability holders. I show that a specific banking arrangement (a joint-liability scheme) provides an effective mechanism for ensuring the ex post transfer of reserves from liquid banks to ...
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作者：Elsayyad, May; Morath, Florian
作者单位：Max Planck Society; Goethe University Frankfurt
摘要：This article considers the transfer of cost-reducing technology in the context of contributions to climate protection. We analyze a two-period public goods model where later contributions can be based on better information, but delaying the mitigation effort is costly because of irreversible damages. Investments in technology affect the countries' timing of contributing. We show that countries have an incentive to provide cost-reducing technology as this can lead to an earlier contribution of ...
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作者：Ciliberto, Federico; Miller, Amalia R.; Nielsen, Helena Skyt; Simonsen, Marianne
作者单位：University of Virginia; Aarhus University
摘要：We study workplace peer effects in fertility decisions using a game theory model of strategic interactions among coworkers that allows for multiple equilibria. Using register-based data on fertile-aged women working in medium-sized establishments in Denmark, we uncover negative average peer effects. Allowing for heterogeneous effects by worker type, we find that positive effects dominate across worker types defined by age or education. Negative effects dominate within age groups and among low-...
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作者：Fiorini, Luciana C.
作者单位：University of Western Australia
摘要：I present a general equilibrium model with incomplete markets in which assets pay in units of a numeraire good. In this economy, agents are constrained to negotiate the same amount of assets in different states of the world. Different from the standard result of economies with real assets, equilibrium indeterminacy can arise, depending on the structure of the financial markets. Equilibrium fails to be unique when it is not possible to transfer wealth between states in which consumers trade a p...
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作者：Bartelsman, Eric J.; Gautier, Pieter A.; De Wind, Joris
作者单位：Vrije Universiteit Amsterdam; Tinbergen Institute; CPB Netherlands Bureau for Economic Policy
摘要：We show empirically that high-risk sectors, which contribute strongly to aggregate productivity growth, are relatively small and have relatively low productivity growth in countries with strict employment protection legislation (EPL). To understand these findings, we develop a two-sector matching model where firms endogenously choose between a safe technology and a risky technology. For firms that have chosen the risky technology, EPL raises the costs of shedding workers in case they receive a...
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作者：Cohen-Zada, Danny; Margalit, Yotam; Rigbi, Oren
作者单位：Ben-Gurion University of the Negev; Tel Aviv University
摘要：Does religiosity affect adherents' attitude toward political compromise? To address this question and overcome the potential simultaneity of religious activity and political attitudes, we exploit exogenous variation in the start date of the Selichot (Forgiveness), a period in which many Jews, including nonadherents, take part in an intense prayer schedule. Using a two-wave survey, we find that an increase in the salience of religiosity leads to the adoption of more hard-line positions against ...
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作者：Heller, Yuval; Winter, Eyal
作者单位：University of Oxford; Hebrew University of Jerusalem
摘要：We study the strategic advantages of following rules of thumb that bundle different games together (called rule rationality) when this may be observed by one's opponent. We present a model in which the strategic environment determines which kind of rule rationality is adopted by the players. We apply the model to characterize the induced rules and outcomes in various interesting environments. Finally, we show the close relations between act rationality and Stackelberg stability (no player can ...
