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作者：Roulleau-Pasdeloup, Jordan
作者单位：National University of Singapore
摘要：This paper shows that part of what is usually labelled discretionary government spending actually varies systematically over the cycle. I exploit the pervasive gap between ordinary least squares and two-stage least squares local government spending multipliers to estimate how cyclical the systematic part of government spending is. Estimating a structural open-economy New Keynesian model on United States state-level data, I find that when employment decreases by , the systematic component of go...
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作者：de Corniere, Alexandre; Taylor, Greg
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; University of Oxford
摘要：We present a novel rationale for bundling in vertical relations. In many markets, upstream firms compete to be in the best downstream slots (e.g., the best shelf in a retail store or the default application on a platform). If a multi-product upstream firm faces competition for a subset of its products, we show that tying the monopolised product with the competitive ones can reduce upstream rivals' willingness to offer slotting fees to retailers. This strategy does not rely on entry deterrence ...
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作者：Hallward-Driemeier, Mary; Kochanova, Anna; Rijkers, Bob
作者单位：Cardiff University
摘要：Does democratisation promote economic competition? This paper documents that the disruption of political connections associated with Suharto's fall had a modest pro-competitive effect on Indonesian manufacturing industries. Firms with connections to Suharto lost substantial market share following his resignation. Industries in which Suharto family firms had larger market share during his tenure exhibited weak improvements in broader measures of competition in the post-Suharto era relative to i...
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作者：Bartos, Vojtech; Bauer, Michal; Chytilova, Julie; Levely, Ian
作者单位：Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; Charles University Prague; Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; Charles University Prague
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作者：Facchini, Giovanni; Silva, Peri; Willmann, Gerald
作者单位：University of Nottingham; Kansas State University; University of Bielefeld; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW)
摘要：We develop a political economy model to study the decision of representative democracies to join a preferential trading agreement, distinguishing between free trade areas and customs unions. Our theoretical analysis shows that bilateral trade imbalances and income inequality are important factors determining the formation of preferential trading agreements, whereas the patterns of geographic specialisation explain whether a customs union or a free trade area will emerge. Our empirical analysis...
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作者：Allen, Douglas W.; Leonard, Bryan
作者单位：Simon Fraser University; Arizona State University; Arizona State University-Tempe
摘要：In this paper we compare lands settled between 1862-1940 under the Homestead Act to lands that sold for cash during the same time. We combine recently digitised individual land patents with modern satellite data and find a negative effect of homesteading on modern land use that cannot be explained by land quality, title characteristics or unobserved differences in settlers. We test the hypothesis that early homestead settlement put homesteaders 'in the way' of future development, creating a pa...
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作者：Dobrescu, L., I; Faravelli, M.; Megalokonomou, R.; Motta, A.
作者单位：University of New South Wales Sydney; University of Queensland
摘要：In a one-year randomised controlled trial involving thousands of university students, we provide real-time private feedback on relative performance in a semester-long online assignment. Within this set-up, our experimental design cleanly identifies the behavioural response to rank incentives (i.e., incentives stemming from an inherent preference for high rank). We find that rank incentives boost performance in the related course assignment, but also the average course exams grade by 0.21 SDs. ...
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作者：Elsner, Benjamin; Isphording, Ingo E.; Zoelitz, Ulf
作者单位：University College Dublin; IZA Institute Labor Economics; Leibniz Association; Ifo Institut; University of Zurich; Centre for Economic Policy Research - UK
摘要：In this paper we study how a student's ordinal rank in a peer group affects performance and specialisation choices in university. By exploiting data with repeated random assignment of students to teaching sections, we find that a higher rank increases performance and the probability of choosing related follow-up courses and majors. We document two types of dynamic effect. First, earlier ranks are less important than later ranks. Second, responses to rank changes are asymmetric: improvements in...
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作者：Neisser, Carina
作者单位：University of Cologne; IZA Institute Labor Economics; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW)
摘要：The elasticity of taxable income is a key parameter in tax policy analysis. To examine the large variation found in the literature of taxable and broad income elasticities, I conduct a comprehensive meta-regression analysis using information from 61 studies containing 1,720 estimates. My findings reveal that estimated elasticities are not immutable parameters. They are correlated with contextual factors and the choice of the empirical specification influences the estimated elasticities. Finall...
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作者：Irwin, Douglas A.; Chepeliev, Maksym G.
作者单位：Dartmouth College; Purdue University System; Purdue University
摘要：This paper provides a quantitative general equilibrium evaluation of the repeal of Britain's Corn Laws in 1846. Using a detailed input-output matrix of the British economy in 1841, we find the abolition of Britain's tariff on imported grain left overall welfare roughly unchanged as the static efficiency gains are offset by terms-of-trade losses. Labourers and capital owners gained a slight amount at the expense of landowners. Combining these changes in factor payments with the different consum...
