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作者：Sherman, Joshua; Weiss, Avi
作者单位：University of Vienna; Bar Ilan University
摘要：We compare predictions from a theoretical model based on the structure of the main outdoor retail market in Jerusalem with the results of an empirical analysis of price response to changes in cost. We find that firms without adjacent competition exhibit both upward and downward price rigidity, an outcome we ascribe to asymmetric information between the consumer and the firm. Given that previous studies have focused on downward price rigidities of firms with market power, our findings highlight...
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作者：Hazan, Moshe; Zoabi, Hosny
作者单位：Tel Aviv University; New Economic School
摘要：We present evidence that the cross-sectional relationship between fertility and women's education in the US has recently become U-shaped. The number of hours women work has concurrently increased with their education. In our model, raising children and homemaking require parents' time, which could be substituted by services such as childcare and housekeeping. By substituting their own time for market services to raise children and run their households, highly educated women are able to have mo...
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作者：Kriwoluzky, Alexander; Stoltenberg, Christian A.
作者单位：University of Bonn; University of Amsterdam; Tinbergen Institute
摘要：The declining importance of money in transactions can explain the well-known fact that US interest rate policy was passive in the pre-Volcker period and active after 1982. We generalise a standard cashless new Keynesian model (Woodford, 2003) by incorporating an explicit transaction role for money. In the pre-Volcker period, we estimate that money did play an important role and determinacy required a passive interest rate policy. However, after 1982, money no longer played an important role in...
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作者：Spenkuch, Joerg L.
作者单位：Northwestern University
摘要：Whether individuals vote strategically is one of the most important questions at the intersection of economics and political science. Exploiting a flaw in the German electoral system by which a party may gain seats by receiving fewer votes, this article documents patterns of preference misrepresentation in a large, real-world election. During the 2005 elections to the Bundestag, the sudden death of a right-wing candidate necessitated a by-election in one electoral district. Knowing the results...
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作者：Binswanger, Johannes; Oechslin, Manuel
作者单位：Tilburg University; University of Lucerne
摘要：When it comes to economic reforms in developing countries, many economists agree on broad objectives. Broad objectives, however, can be pursued in different ways, and policy experimentation is often indispensable for learning which alternative works locally. We propose a theoretical model to study this societal learning process. The model explores the role of disagreeing beliefs about what works'. It suggests that such disagreement can stall the societal learning process and cause economic sta...
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作者：Cripps, Martin; Galeotti, Andrea; Griffith, Rachel; Ravn, Morten; Salvanes, Kjell; Vermeulen, Frederic; Mayes, David; Seavers, Stephanie
作者单位：University of London; University College London; University of Essex; University of Manchester; Norwegian School of Economics (NHH); KU Leuven; University of Auckland; University of London; London School Economics & Political Science
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作者：Gordon, Sidartha; Riboni, Alessandro
作者单位：Universite PSL; Universite Paris-Dauphine; Institut Polytechnique de Paris; Ecole Polytechnique
摘要：We consider a conflict under incomplete information where two opponents fight to impose their preferred policy. Before the conflict, one opponent (the agent) trusts the information received by his principal. Under some conditions, the principal induces hawkish attitudes in the agent: the agent never doubts the optimality of his preferred policy, conflicts are violent, and bad decisions are sometimes made. Under other conditions, the agent believes that his opponent may be right, even when all ...
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作者：Trautmann, Stefan T.; van de Kuilen, Gijs
作者单位：Ruprecht Karls University Heidelberg; Tilburg University
摘要：We pit non-incentivised introspection against five revealed preference mechanisms ('truth serums') in the elicitation of beliefs in a simple two-player game. We measure the additivity, the predictive power for own behaviour and the accuracy of each method. Beliefs from incentivised methods are better predictors of participants' own behaviour compared to introspection. However, introspection performs equally well as the truth serums in terms of accuracy and additivity. We also find that correct...
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作者：Gong, Erick
作者单位：Middlebury College
摘要：Using a study that randomly assigns HIV testing in two sites in sub-Saharan Africa, I examine the effects of testing on sexual behaviour. Using sexually transmitted infections as markers of risky sex, I find behavioural responses to HIV tests when tests provide unexpected information. Individuals surprised by an HIV-positive (HIV-negative) test increase (decrease) their risky sexual behaviour. I simulate the effects of testing and find under certain conditions, new HIV infections increase when...
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作者：Ooghe, Erwin; Peichl, Andreas
作者单位：Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); University of Mannheim; KU Leuven; KU Leuven; IZA Institute Labor Economics; University of Mannheim
摘要：We study fair and efficient tax-benefit schemes based on income and non-income factors under partial control. Partial control means that each factor is a specific mixture of unobserved ability (randomly drawn by nature) and effort (chosen by individuals who differ in tastes). Factors differ in the degree of control, ranging from no control (only ability matters) to full control (only effort matters). Fairness requires compensating individuals for differences in abilities but not for difference...
