-
作者：Bronnenberg, Bart J.
作者单位：Tilburg University; Centre for Economic Policy Research - UK; Tilburg University
摘要：This paper proposes a model of the distribution channel to study the decisions of manufacturers, retailers and consumers. The model is used to study how retail distribution affects manufacturing and consumers. As the cost of distribution falls, the retail sector increases assortment size and allows a larger mass of manufacturers to enter, allowing consumers to buy more variety. Entry primitives in manufacturing and retailing determine vertical pricing power. The equilibrium of the model predic...
-
作者：Afzal, Uzma; D'Adda, Giovanna; Fafchamps, Marcel; Quinn, Simon; Said, Farah
作者单位：Lahore University of Management Sciences; University of Milan; Stanford University; Imperial College London
摘要：We conduct a field experiment in which we offer credit and saving contracts to the same pool of Pakistani microfinance clients. Additional treatments test ex ante demand for soft commitment (in the form of reminders, either to respondents or to their families), hard commitment (in the form of a penalty for missing an instalment) and flexibility (an option to postpone an instalment) to save or pay loan instalments on time. We find substantial demand for fixed repayment contracts in both the cre...
-
作者：Bonfiglioli, Alessandra; Crino, Rosario; Fadinger, Harald; Gancia, Gino
作者单位：University of Bergamo; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut; University of Mannheim; University of Milano-Bicocca
摘要：We use French data over the 1994-2013 period to study how imports of industrial robots affect firm-level outcomes. Guided by a simple model, we develop a novel empirical strategy to identify the causal effects of robot adoption. Our results suggest that, while demand shocks generate a positive correlation between robot imports and employment at the firm level, exogenous exposure to automation leads to job losses. We also find that robot exposure increases labour productivity and some evidence ...
-
作者：Cruz, Cesi; Keefer, Philip; Labonne, Julien; Trebbi, Francesco
作者单位：University of Oxford; University of California System; University of California Los Angeles; Inter-American Development Bank; University of Oxford; University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：Can voters in clientelist countries be swayed by programmatic promises? Results from a structural model and a field experiment disseminating candidate policy platforms in Philippine mayoral elections indicate that they can. Voters who received information about candidate policy promises were more likely to vote for candidates who were closer to their own preferences. Voters who were informed about incumbent candidates' past commitments were more likely to vote for incumbents who fulfilled them...
-
作者：Adhvaryu, Achyuta; Bharadwaj, Prashant; Fenske, James; Nyshadham, Anant; Stanley, Richard
作者单位：University of California System; University of California San Diego; University of California System; University of California San Diego; University of Warwick
摘要：Using two decades of data from 12 low-income countries in West Africa, we show that dust carried by harmattan trade winds increases infant and child mortality. Health investments respond to dust exposure, consistent with compensating behaviours. Despite these efforts, surviving children still exhibit negative health impacts. Our data allow us to investigate differential impacts over time and across countries. We find declining impacts over time, suggesting adaptation. Using national-level meas...
-
作者：Atanasov, Pavel; Dana, Jason D.; Teeselink, Bouke Klein
作者单位：IE University; Yale University; University of London; King's College London
摘要：Gender discrimination is present across various fields, but identifying the underlying mechanism is challenging. We demonstrate own-gender favouritism in a field setting that allows for clean identification of tastes versus beliefs: the One Bid game on the TV show The Price Is Right. Players must guess an item's value without exceeding it, leaving the last bidder with a dominant 'cutoff' strategy of overbidding another player by ${\$}$1. We show that last bidders are significantly more likely ...
-
作者：Corgnet, Brice; Cornand, Camille; Hanaki, Nobuyuki
作者单位：Centre National de la Recherche Scientifique (CNRS); Ecole Normale Superieure de Lyon (ENS de LYON); Universite Claude Bernard Lyon 1; Universite Jean Monnet; Universite Lyon 2; University of Osaka; emlyon business school; Centre National de la Recherche Scientifique (CNRS); Ecole Normale Superieure de Lyon (ENS de LYON); Universite Claude Bernard Lyon 1; Universite Jean Monnet; Universite Lyon 2
摘要：We design a novel experiment to assess investors' behavioural and physiological reactions to negative tail events. Investors who observed, without suffering from, tail events decreased their bids, whereas investors suffering tail losses increased them. However, the increase in bids after tail losses was not observed for those who exhibited no emotional arousal. This suggests that emotions are key in explaining prospect theory prediction of risk seeking in the loss domain.
-
作者：Baley, Isaac; Ljungqvist, Lars; Sargent, Thomas J.
作者单位：Pompeu Fabra University; Barcelona School of Economics; Centre de Recerca en Economia Internacional (CREI); Centre for Economic Policy Research - UK; Stockholm School of Economics; New York University
摘要：Returns to labour mobility have too often escaped the attention they deserve as conduits of important forces in macro-labour models. These returns are shaped by calibrations of productivity processes that use theoretical perspectives and data sources from (i) labour economics and (ii) industrial organisation. By investigating earlier prominent studies, we conclude that the focus on firm size dynamics and shocks intermediated through neo-classical production functions in (ii) yields large retur...
-
作者：Basco, Sergi; Lopez-Rodriguez, David; Moral-Benito, Enrique
作者单位：University of Barcelona; Banco de Espana
摘要：This paper investigates the impact of local house price booms on capital misallocation within industries. Using the geographical variation provided by the Spanish housing boom (2003-7), we show that firms exposed to positive local house price shocks received more bank credit and their investment grew more when they had a higher proportion of real estate assets. This collateral channel results in an increasing dispersion of the capital-labour ratio within industries. A counterfactual calculatio...
-
作者：Canova, Fabio
作者单位：BI Norwegian Business School; Centre for Economic Policy Research - UK
