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作者：Breinlich, Holger; Cunat, Alejandro
作者单位：University of Essex; University of Vienna
摘要：We examine the quantitative predictions of heterogeneous firm in the context of the Canada-US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity and compare them to the post-CUSFTA increases observed in the data. Most models predict increases in measured productivity that are too low by an order of magnitude relative to predicted increases in trade flows. A multi-product firm extension that allows for within-firm productivity increase...
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作者：Butler, Jeff; Giuliano, Paola; Guiso, Luigi
作者单位：University of California System; University of California Los Angeles; Nevada System of Higher Education (NSHE); University of Nevada Las Vegas
摘要：When we take a taxi we may feel cheated if the driver takes an unnecessarily long route despite the lack of a contract to take the shortest possible path. Is the behaviour of the driver affected by beliefs about our cheating notions? We address this question in the context of a trust game. We find that both parties to a trust exchange have personal notions of cheating and that these notions have a bimodal distribution. We conceptualise cheating notions as moral expectations, which provide a mi...
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作者：Gneezy, Uri; Leibbrandt, Andreas; List, John A.
作者单位：University of California System; University of California San Diego; University of Amsterdam; Monash University; University of Chicago
摘要：The functioning and well-being of any society and organisation hinges on norms of cooperation that regulate social activities. There is no empirical evidence on how such norms emerge and in which environments they thrive remains a clear void in the literature. We compare behaviour in Brazilian fishermen societies that differ in the workplace organisation. In one society (by the sea), fishermen are forced to work in groups, whereas in the adjacent society (on a lake) fishing is inherently an in...
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作者：Blonigen, Bruce A.
作者单位：University of Oregon; National Bureau of Economic Research
摘要：Industrial policies (IPs) are commonly used by countries to promote targeted sectors but may have significant impacts on downstream sectors. Using a new hand-collected database of steel-sector IP use in major steel-producing countries, I find that IP use is quite harmful to downstream sectors. A 1 standard deviation increase in steel IP presence leads to a 1.2% decline in export competitiveness for the average downstream manufacturing sector in the first few years of its application, and a 6% ...
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作者：Chung, Kim-Sau; Fortnow, Lance
作者单位：Chinese University of Hong Kong; Northwestern University
摘要：We formalise the argument of those American founding fathers who opposed the inclusion of the Bill of Rights into the Constitution. For some parameter values, the legislator, who is not sure whether or not there are any rights that he is unaware of, optimally chooses not to enumerate even those rights that he is aware of. We also show that, even if the legislator can add the sentence 'this Bill should not be interpreted as suggesting that any unlisted rights can be impaired by the government' ...
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作者：Selden, Larry; Wei, Xiao
作者单位：Columbia University; University of Pennsylvania
摘要：In a single commodity setting with changing tastes, an individual's consumption plan can be obtained using naive or sophisticated choice. We provide two sufficient conditions for when the solutions are unique and agree and the common plan is representable by a non-changing tastes utility. Because the solution is not revised over time, the plan and associated preferences are referred to as being effectively consistent. Afriat-style revealed preference tests are derived. The assumption of effect...
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作者：Cingano, Federico; Leonardi, Marco; Messina, Julian; Pica, Giovanni
作者单位：University of Salerno; University of Milan
摘要：This article estimates the causal impact of dismissal costs on capital deepening and productivity, exploiting a reform that introduced unjust-dismissal costs in Italy for firms below 15 employees, leaving firing costs unchanged for larger firms. We show that the rise in firing costs induced an increase in the capital-labour ratio and a decline in total factor productivity in small firms relative to larger firms. Our results indicate that capital deepening was more pronounced at the low-end of ...
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作者：Carlsson, Mikael; Messina, Julian; Skans, Oskar Nordstrom
作者单位：Uppsala University; Sveriges Riksbank
摘要：We study how workers' wages respond to changes in firm-level physical productivity using Swedish data. We find that technology shocks affect workers' wages through both internal and external forces. Wages respond three times as much to physical productivity shocks that are shared with outside firms within the same sector as they do to firm-level physical productivity shocks. The larger impact of sectoral physical productivity is related to the degree of within-sector labour mobility, suggestin...
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作者：Fort, Margherita; Schneeweis, Nicole; Winter-Ebmer, Rudolf
作者单位：University of Bologna; Johannes Kepler University Linz
摘要：We study the relationship between education and fertility, exploiting compulsory schooling reforms in England and Continental Europe, implemented between 1936 and 1975. We assess the causal effect of education on the number of biological children and the incidence of childlessness. While we find a negative relationship between education and fertility in England, this result cannot be confirmed for Continental Europe. The additional education generated by schooling expansions on the Continent d...
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作者：Hoffman, Mitchell
作者单位：University of Toronto
摘要：Do people buy the right amount of information? In a novel field experiment, businesspeople experts provided guesses about the price and quality of actual websites. Compensation was provided for correct results (high or low). Before answers were revealed, subjects could pay to get a noisy signal. I find that the relationship between subjects' accuracy and their demand for information is much flatter than would be optimal. Subjects underpay for information when signals are valuable and overpay w...
