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作者：Browning, Martin; Donni, Olivier; Gortz, Mette
作者单位：University of Copenhagen; CY Cergy Paris Universite; University of Copenhagen; University of Copenhagen
摘要：We develop a theoretical model for the intra-household allocation of time and consumption that distinguishes between partners' joint and private leisure. Estimating the model using time-use data leads to five findings. First, the intra-household expenditure distribution correlates with relative wages, consistent with the collective model. Second, men put relatively more weight on private expenditure and composite leisure. Third, joint and private leisure are imperfect substitutes. Fourth, join...
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作者：Calsamiglia, Caterina; Martinez-Mora, Francisco; Miralles, Antonio
作者单位：University of Leicester; Universidad Publica de Navarra; University of Messina; Autonomous University of Barcelona; Barcelona School of Economics
摘要：We embed the problem of public school choice design in a model of local provision of education. We define cardinal (student) segregation as that emerging when families with identical ordinal preferences submit different rankings of schools in a centralised school choice procedure. With the Boston Mechanism (BM), when higher types are less risk-averse, and there is sufficient vertical differentiation of schools, any equilibrium presents cardinal segregation. Transportation costs facilitate the ...
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作者：Leonard, Bryan; Parker, Dominic P.
作者单位：Arizona State University; Arizona State University-Downtown Phoenix; University of Wisconsin System; University of Wisconsin Madison
摘要：Does land fragmentation impair spatially expansive natural resource use? We conduct empirical tests using ownership variation on the Bakken, one of the world's most valuable shale oil reserves. Long before shale was discovered, US policies created a mosaic of private, jointly owned and tribal government parcels on the Fort Berthold Indian Reservation. We find that all three forms of fragmentation reduced production during the 2010-15 oil boom, especially joint ownership and the interspersion o...
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作者：Fernihough, Alan; O'Rourke, Kevin Hjortshoj
作者单位：Queens University Belfast; New York University; New York University Abu Dhabi
摘要：To what extent did growth during the Industrial Revolution depend on coal? We answer the question using a panel of European city sizes between 1300 and 1900. Prior to 1750, there was no relationship between proximity to coalfields and growth; after 1750 cities closer to coalfields grew substantially faster than those further away. We instrument for coal proximity using proximity to Carboniferous-era rock strata.
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作者：Cruz, Cesi; Keefer, Philip; Labonne, Julien
作者单位：University of British Columbia; Inter-American Development Bank; University of Oxford
摘要：Despite the prominence of information in theories of electoral accountability, providing voters with information often fails to improve politician performance. Using two experiments in the Philippines, we show that when voters are unfamiliar with basic government capabilities, merely informing them of what politicians could do is sufficient to decrease support for incumbents. However, politicians can counteract this decrease in support by increasing clientelistic practices such as vote buying....
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作者：Thaler, Dominik
作者单位：Banco de Espana
摘要：Why do governments borrow internationally? Why do they temporarily remain out of international financial markets after default? This paper develops a quantitative model of sovereign default to propose a unified answer to these questions. In the model, the government has an incentive to borrow internationally since the domestic return on capital exceeds the world interest rate, due to a friction in the banking sector. Since banks are exposed to sovereign debt, sovereign default causes a financi...
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作者：Moraga-Gonzalez, Jose L.; Sandor, Zsolt; Wildenbeest, Matthijs R.
作者单位：Vrije Universiteit Amsterdam; University of Groningen; Sapientia Hungarian University of Transylvania; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要：We extend the literature on simultaneous search by allowing for differentiated products and search cost heterogeneity. We show conditions under which a symmetric price equilibrium exists. We provide a necessary and sufficient condition under which an increase in search costs may result in a lower, equal or higher equilibrium price. We extend this analysis to the case with more than two firms. The effects of prominence on equilibrium prices are also studied. The prominent firm charges a higher ...
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作者：Arenas, Andreu; Hindriks, Jean
作者单位：University of Barcelona; Universite Catholique Louvain
摘要：We analyse the impact of unequal school opportunity on intergenerational income mobility and human capital accumulation. Building upon the classical Becker-Tomes-Solon framework, we use a regime-switch model allowing for differences in income transmission across groups. We find that unequal school opportunity raises average human capital because of assortative matching. However, because income dispersion tends to be higher at the top, in most cases unequal school opportunity decreases intergen...
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作者：Graziano, Alejandro G.; Handley, Kyle; Limao, Nuno
作者单位：University of Nottingham; University of California System; University of California San Diego; National Bureau of Economic Research; University System of Maryland; University of Maryland College Park
摘要：We estimate the uncertainty effects of preferential trade disagreements. Increases in the probability of Britain's exit from the European Union (Brexit) reduce bilateral export values and trade participation. These effects are increasing in trade policy risk across products. We estimate that at the average disagreement tariff of 4.5% the increase in the probability of Brexit after the referendum lowered EU-UK bilateral export values between 11-20%. Neither the EU or UK exporters believed a tra...
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作者：Rud, Juan Pablo; Trapeznikova, Ija
作者单位：University of London; Royal Holloway University London; University of London; London School Economics & Political Science
摘要：Least developed economies are characterized by poorly functioning labour markets: only a small fraction of workers are in paid employment, where productivity and wages are low. We incorporate a standard search framework into a two-sector model of development to assess the importance of different obstacles to job creation and productivity. The model provides new insights into the characterization of poorly developed labour markets that are observed in the data, such as high wage dispersion. We ...
