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作者：Greve, Thomas; Pollitt, Michael G.
作者单位：University of Cambridge
摘要：We present an auction design to be used in the area of procurement that allows the length of the regulatory funding period to be determined via an auction. It allows bidders to submit bids against a payment for periods of varying lengths, say 25 and 30 years, instead of a fixed 20-year contract. This can be desirable for securing more favourable terms in financial markets. It yields efficiency and delivers the optimal length of contract, defined as where social value is maximised. The auction ...
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作者：Harrington, Joseph E., Jr.; Wei, Yanhao
作者单位：University of Pennsylvania; University of Southern California
摘要：Estimates of average cartel duration and the annual probability of cartel death are based on data for discovered cartels. It is recognised that these estimates could be biased because the population of discovered cartels may not be a representative sample of the latent population of cartels. This article constructs a birth-death-discovery process to investigate the source and direction of possible biases. Bayesian inference is used to provide bounds on the extent of the bias and deliver an imp...
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作者：Bryson, Alex; MacKerron, George
作者单位：University of London; London School Economics & Political Science; University of Sussex
摘要：Using a new data source permitting individuals to record their well-being via a smartphone, we explore within-person variance in individuals' well-being measured momentarily at random points in time. We find paid work is ranked lower than any of the other 39 activities individuals can report engaging in, with the exception of being sick in bed. Precisely how unhappy one is while working varies significantly with where you work; whether you are combining work with other activities; whether you ...
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作者：Letzler, Robert; Sandler, Ryan; Jaroszewicz, Ania; Knowles, Isaac; Olson, Luke M.
作者单位：Carnegie Mellon University; Indiana University System; Indiana University Bloomington
摘要：We study defaults in a novel setting where the optimal choice is clear: the decision to escape from fraud. A government lawsuit created a natural experiment whereby some consumers enrolled in a fraudulent subscription programme were cancelled by default, while others had to cancel actively. We find that cancelling subscriptions by default increased cancellations to 99.8%, 63.4 percentage points more than requiring active cancellation. We also find that consumers residing in poorer, less-educat...
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作者：Ahlfeldt, Gabriel M.; Moeller, Kristoffer; Waights, Sevrin; Wendland, Nicolai
作者单位：Centre for Economic Policy Research - UK; University of London; London School Economics & Political Science; Technical University of Darmstadt; Technical University of Berlin
摘要：We develop a simple theory of the conservation area designation process in which we postulate that the level of designation is chosen to comply with interests of local homeowners. Conservation areas provide benefits to local homeowners by reducing uncertainty regarding the future of their area. The restrictions, however, impose a cost by limiting the degree to which properties can be altered. In line with our model predictions we find that an increase in preferences for historic character by t...
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作者：Weber, Matthias; Schram, Arthur
作者单位：Bank of Lithuania; Vilnius University; University of Amsterdam; European University Institute
摘要：Under full rationality, a labour market tax levied on employers and a corresponding income tax levied on employees are equivalent. With boundedly rational agents, this equivalence is no longer obvious. In a real-effort experiment, we study the effects of these taxes on preferences concerning the size of the public sector, subjective well-being, labour supply and on-the-job performance. Our findings suggest that employer-side taxes induce preferences for a larger public sector. Subjective well-...
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作者：Brunello, Giorgio; Weber, Guglielmo; Weiss, Christoph T.
作者单位：University of Padua; IZA Institute Labor Economics; University of Padua; University of Padua
摘要：We estimate the effect of education on lifetime earnings by distinguishing between individuals who lived in rural or urban areas during childhood and between individuals with access to many or few books at home at age 10. We instrument years of education using compulsory school reforms and find that, whereas individuals in rural areas were most affected by the reforms, those with many books enjoyed substantially higher returns to their additional education. We show that books retain explanator...
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作者：Geys, Benny
作者单位：BI Norwegian Business School
摘要：This article focuses on political dynasties' potential consequences, and particularly investigates whether and when they lead to the selection of dynastic politicians with relatively lower education levels. I exploit the different electoral constraints faced by distinct subsets of Italian local politicians to identify whether weaker constraints on political selection processes induce the selection of dynastic politicians with lower education levels relative to their non-dynastic peers. The ana...
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作者：Chiappori, Pierre-Andre; Iyigun, Murat; Lafortune, Jeanne; Weiss, Yoram
作者单位：Columbia University; University of Colorado System; University of Colorado Boulder; IZA Institute Labor Economics; Pontificia Universidad Catolica de Chile; Tel Aviv University
摘要：This article analyses the effect of a reform granting alimony rights to cohabiting couples in Canada. A collective household model with a matching framework predicts that changes in alimony laws would affect existing couples and couples-to-be differently. For existing couples, it benefits the intended beneficiary but, for couples not yet formed, it generates offsetting intra-household transfers and lower intra-marital allocations for the beneficiary. Our empirical analyses confirm these predic...
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作者：Chen, Heng; Suen, Wing
作者单位：University of Hong Kong
摘要：We propose a regime change model in which people are uncertain about both the quality of a specific regime and governance in general. The poor perceive the current regime as bad, rationally infer that all governments are bad, and therefore believe mass movements are futile. The middle class are more sanguine about the prospect of good government, and believe that collective action is effective because they expect many fellow citizens to share the same view. This coordination game with incomple...
