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作者：Hong, Chew Soo; Ratchford, Mark; Sagi, Jacob S.
作者单位：National University of Singapore; Hong Kong University of Science & Technology; Vanderbilt University; University of North Carolina; University of North Carolina Chapel Hill
摘要：After screening for attentiveness and comprehension, we present subjects with Ellsberg's (1961) two-urn problem using essentially equivalent but representationally complex matrices. High-comprehension subjects exhibit rates of ambiguity aversion typical of the standard two-urn problem, while low-comprehension subjects appear to randomise. In screening, we classify subjects as probability-minded' or ambiguity-minded', depending on whether they assign probabilities to draws from a card deck of u...
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作者：Marshall, Guillermo; Pires, Tiago
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of North Carolina; University of North Carolina Chapel Hill
摘要：We build an empirical framework for the analysis of grocery store choice. We find that higher travel costs lead people to shop at places where they pay higher prices and face less variety in economically significant magnitudes. Moreover, store convenience (or travel costs) - rather than prices or variety - is what drives store choice. These results suggest that policies increasing access to supermarkets in areas with a limited supermarket presence are a step in the right direction, in terms of...
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作者：Ben-Gad, Michael
作者单位：City St Georges, University of London
摘要：I construct an optimal growth model with overlapping dynasties to investigate how much the rate at which an economy absorbs new immigrant dynasties could motivate current voters to favour greater reliance on deficit finance of government expenditures through intertemporal shifts in factor taxation. The model demonstrates that even if voters are altruistically linked to their descendants, rising immigration, coupled with declining birth rates may explain the growth in public debt and unfunded l...
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作者：Cao, Dan
作者单位：Georgetown University
摘要：Under limited commitment that prevents agents from pledging their future non-financial wealth, agents with incorrect beliefs always survive by holding on to their non-financial wealth. Friedman's () market selection hypothesis suggests that their financial wealth trends towards zero in the long run. However, I present a dynamic general equilibrium model with incomplete markets due to collateral constraints and show that the hypothesis depends on the degree of market incompleteness. When market...
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作者：Javorcik, Beata S.; Lo Turco, Alessia; Maggioni, Daniela
作者单位：University of Oxford; Centre for Economic Policy Research - UK; University of Oxford; Marche Polytechnic University; Universita Ca Foscari Venezia
摘要：This article examines the relationship between the presence of foreign affiliates and product upgrading by Turkish manufacturing firms. The analysis suggests that Turkish firms in sectors and regions more likely to supply foreign affiliates tend to introduce more complex products, where complexity is captured using a measure developed by Hidalgo and Hausmann (). This finding is robust to controlling for omitted variables, sample selection and potential simultaneity bias. It is also in line wit...
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作者：Gaudin, Germain
作者单位：Heinrich Heine University Dusseldorf
摘要：This article investigates the effects of changes in market concentration on the equilibrium prices in a supply chain. Results are derived from a theoretical model of bilateral bargaining between upstream and downstream firms which allows for general forms of demand and retail competition. Whether countervailing buyer power arises, in the form of lower input prices following greater concentration downstream, depends on the pass-through rate of input prices to retail prices. Countervailing buyer...
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作者：Geerling, Wayne; Magee, Gary; Mishra, Vinod; Smyth, Russell
作者单位：University of Arizona; Monash University; University of Johannesburg
摘要：We examine the role of judicial policy preferences in influencing whether judges in Nazi Germany sentenced defendants charged with serious political offences to death. We find that judicial policy preferences, measured by the depth of the ideological commitment of the judge to the Nazi Party worldview, were an important determinant of whether judges imposed the death sentence. Judges more committed to the Nazi Party were more likely to impose the death sentence on defendants belonging to organ...
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作者：Bonfatti, Roberto; O'Rourke, Kevin Hjortshoj
作者单位：University of Nottingham
摘要：Theories of war predict that the leader may launch a war on a follower who is catching up, since the follower cannot commit to not use their increased power in the future. But it was Japan who attacked the West in 1941: both leaders and followers start wars. Similarly, many have argued that trade makes war less likely, yet the First World War erupted at a time of unprecedented globalisation. We develop a model of trade and war that can explain both observations. Dependence on imports can lead ...
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作者：Che, Yi; Zhang, Lei
作者单位：Shanghai Jiao Tong University
摘要：We exploit a policy-induced exogenous surge in China's college-educated workforce that started in 2003 to identify the impact of human capital on productivity. Using a difference-in-differences estimation strategy, we find that industries using more human-capital intensive technologies experienced a larger gain in total factor productivity after 2003 than they did in prior years. Exploring the pathways from human capital increases to TFP growth, we find that these industries also accelerated n...
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作者：Franklin, Simon
作者单位：University of London; London School Economics & Political Science
摘要：Do high search costs affect the labour market outcomes of jobseekers living far away from jobs? Irandomly assign transport subsidies to unemployed youth in urban Ethiopia. Treated respondents increase job search intensity and are more likely to find good, permanent, jobs. Subsidies also induce a short-term reduction in temporary work. I use a high-frequency phone call survey to track the trajectory of search behaviour over time to show that the subsidies significantly increased job search inte...
