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作者：Scharf, Kimberley
作者单位：University of Warwick; Center for Economic & Policy Research (CEPR)
摘要：I describe a dynamic model of costly information sharing where private information affecting collective-value actions is transmitted by social proximity. Individuals make voluntary contributions toward the provision of a pure public good, and information transmission about quality of provision is a necessary condition for collective provision to take place in a stationary equilibrium. I show that unlike in the case of private goods, better informed individuals face positive incentives to incur...
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作者：Ngo Van Long; Soubeyran, Antoine; Soubeyran, Raphael
作者单位：McGill University; Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); INRAE
摘要：In this article, we consider a knowledge accumulation problem within an organization that cannot prevent the worker from quitting and using the knowledge outside the organization. We show that knowledge accumulation is delayed: The fraction of working time allocated to knowledge creation is highest at the early career stage, falls gradually, then rises again, before falling finally toward zero. We determine the effect of a change in the severity of the enforcement problem (or the specificity o...
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作者：Chang, Pao-Li; Huang, Fali
作者单位：Singapore Management University
摘要：This article presents a theory on the endogenous choice of education policy and the two-way causal relationship between trade and education systems. A country's education system determines its talent distribution and comparative advantage; the possibility of trade by raising the returns to the sector of comparative advantage in turn induces countries to further differentiate their education systems and reinforces the initial pattern of comparative advantage. Specifically, the Nash equilibrium ...
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作者：Azrieli, Yaron; Kim, Semin
作者单位：University System of Ohio; Ohio State University; National Taiwan University
摘要：We consider the design of decision rules in an environment with two alternatives, independent private values and no monetary transfers. The utilitarian rule subject to incentive compatibility constraints is a weighted majority rule, where agents' weights correspond to expected gains given that their favorite alternative is chosen. It is shown that a rule is interim incentive efficient if and only if it is a weighted majority rule, and we characterize those weighted majority rules that are ex a...
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作者：Friedberg, Leora; Stern, Steven
作者单位：University of Virginia
摘要：We use data on people's valuations of options outside marriage and beliefs about spouses' options. The data demonstrate that, in some couples, one spouse would be happier and the other spouse unhappier outside of some marriages, suggesting that bargaining takes place and that spouses have private information. We estimate a bargaining model with interdependent utility that quantifies the resulting inefficiencies. Our results show that people forgo some utility in order to make their spouses bet...
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作者：Nocke, Volker; Yeaple, Stephen
作者单位：University of Mannheim; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the documented cross-sectional correlations in firm performance measures, including why larger firms are more productive and more diversified, and yet more diversified firms trade at a discount. Globalizat...
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作者：Hasker, Kevin; Inci, Eren
作者单位：Ihsan Dogramaci Bilkent University; Sabanci University
摘要：We show why a mall provides parking for free and embed the parking costs in the prices of the goods. Essentially, charging a parking fee to risk-averse customers means penalizing them for not finding their desired good. This result holds whether the mall has monopoly power or prices competitively, if there is parking validation, and if there is a trade-off between shopping and parking spaces. It is also the attainable social optimum. The equilibrium lot size is too small, yielding a rationale ...
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作者：Attanasio, Orazio P.; Borella, Margherita
作者单位：University of London; University College London; London School Economics & Political Science; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR); University of Turin; Tilburg University
摘要：We characterize the time-series properties of group-level consumption, income, and interest rates using microdata. We relate the coefficients of moving average representations to structural parameters of theoretical models of consumption behavior. Using long time series of cross sections to construct synthetic panel data for the United Kingdom, we find that for high-educated individuals the Euler equation restrictions are not rejected, the elasticity of intertemporal substitution is higher tha...
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作者：Kuminoff, Nicolai V.; Pope, Jaren C.
作者单位：Arizona State University; Arizona State University-Tempe; Brigham Young University
摘要：This article develops a welfare theoretic framework for interpreting evidence on the impacts of public programs on housing markets. We extend Rosen's hedonic model to explain how housing prices capitalize exogenous shocks to public goods and externalities. The model predicts that trading between heterogeneous buyers and sellers will drive a wedge between these capitalization effects and welfare changes. We test this hypothesis in the context of changes in measures of school quality in five met...
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作者：Behrens, Kristian; Mion, Giordano; Murata, Yasusada; Suedekum, Jens
作者单位：University of Quebec; University of Quebec Montreal; University of Surrey; Nihon University; Heinrich Heine University Dusseldorf; IZA Institute Labor Economics
摘要：We develop a general equilibrium monopolistic competition model in which wages, productivity, consumption diversity, and markups respond to trade integration. We structurally estimate the model and simulate the impacts of removing all trade barriers generated by the Canada-U.S. border. Firm selection gets tougher by 8.09% in Canada and by 0.80% in the United States. Markups that consumers face, which are central to welfare, fall by up to 12.11% in Canadian provinces and by up to 2.82% in U.S. ...
