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作者：Gerasimou, Georgios
作者单位：University of St Andrews
摘要：Three reasons why decision-makers may defer choice are indecisiveness between various feasible options, unattractiveness of these options and choice overload. This article provides a choice-theoretic explanation for each of these phenomena by means of three deferral-permitting models of decision-making that are driven by preference incompleteness, undesirability and complexity constraints, respectively. These models feature rational choice deferral in the sense that whenever the individual doe...
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作者：Droller, Federico
作者单位：Universidad de Santiago de Chile
摘要：This article analyses the impact of population composition on long run economic development, by studying European migration to Argentina during the Age of Mass Migration (1850-1914). I use an instrumental variables (IV) approach that assigns immigrants to counties by interacting two sources of variation: the availability of land for settlement and the arrival of Europeans over time. Counties with historically higher shares of European population in 1914 have higher per capita GDP 80years later...
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作者：Afzal, Uzma; d'Adda, Giovanna; Fafchamps, Marcel; Quinn, Simon; Said, Farah
作者单位：Lahore School of Economics; Stanford University; University of Oxford
摘要：We use a field experiment to test whether saving and borrowing satisfy demand for lump-sum accumulation from regular deposits. Inspired by ROSCAs, we offer different credit and saving contracts to subjects. We find that individuals often accept both credit and saving contract across experimental waves. This behaviour can be rationalised by assuming that individuals seek lump-sum payments and struggle to hold savings. Structural estimation of this model accounts for the behaviour of 75% of part...
