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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...
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作者：Cavalcanti, Tiago V. V.; Giannitsarou, Chryssi
作者单位：University of Cambridge; Getulio Vargas Foundation; Centre for Economic Policy Research - UK
摘要：We study the interactions of human capital, growth and inequality by embedding networks into an endogenous growth model with overlapping generations. Human capital depends on investment in education and the average human capital of a household's neighbourhood. High network cohesion leads to long-run equality, while for low network cohesion inequality is high and persists more often. During transition, high overall growth is achieved when the network has high degree centralisation, and high ind...
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作者：Tschopp, Jeanne
作者单位：Toronto Metropolitan University
摘要：This article estimates the importance of workers' outside options in wage determination. The article uses the predictions of search and bargaining theory and proposes novel identification strategies to separate the respective effects of outside options from those of unobserved productivity. Using an administrative panel database for Germany, this study exploits differences in both the employment composition across cities of Germany and mobility across jobs as sources of variation for identific...
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作者：Jedwab, Remi; Kerby, Edward; Moradi, Alexander
作者单位：University of Oxford; Stellenbosch University; George Washington University; University of London; London School Economics & Political Science; University of Sussex
摘要：Little is known about the extent and forces of path dependence in developing countries. Colonial era railway construction in Kenya provides a natural experiment to study the emergence and persistence of a spatial equilibrium. Data spanning over one century show that railways determined the location of European settlers, Asian traders and the main cities at independence. Europeans then left, Asians departed and railways declined in the immediate post-independence period, constituting local shoc...
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作者：Mandler, Michael
作者单位：University of London; Royal Holloway University London
摘要：When scientists choose research projects that have the highest expected value, an externality can appear. Slight variations on the existing work will be selected in preference to new lines of research that can, when followed up selectively, generate more expected value over time. New research enjoys two advantages: it is riskier and hence more likely to lead to high-value follow-up projects and it can generate more follow-up projects. Several cures for the externality are analysed: less commun...
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作者：Myatt, David P.
作者单位：University of London; London Business School
摘要：The supporters of a mainstream candidate contemplate voting for a special-issue minority party (which risks opening the door to a disliked opponent) in order to influence mainstream policy. Protest voting reacts negatively to expectations about others' enthusiasm for the protest issue, more so if the candidate learns from the protest and responds endogenously. I find that electoral support for single-issue protest parties can be negatively related to the true underlying enthusiasm for their ca...
