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作者：Priks, Mikael
作者单位：Stockholm University
摘要：I study the effects of surveillance cameras on crime in the Stockholm subway system. Beginning in 2006, surveillance cameras were installed in subway stations at different points in time. Difference-in-difference analysis reveals that introduction of the cameras reduced crime by approximately 25% at stations in the city centre. The types of crimes deterred by cameras are planned crime, that is, pickpocketing and robbery. It is also shown that some of the crimes were displaced to surrounding ar...
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作者：Daniele, Gianmarco; Geys, Benny
作者单位：Vrije Universiteit Brussel
摘要：This article assesses how legal institutions affect the influence of politically active criminal organisations on the human capital of elected politicians using data from over 1,500 Southern Italian municipalities in the period 1985-2011. It exploits municipal government dissolutions imposed by the national government for (presumed) mafia infiltration as a source of exogenous variation in the presence of politically active criminal organisations. The results support theoretical predictions tha...
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作者：Egger, Peter H.; Lassmann, Andrea
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：This article studies the effect of sharing a common native language (CNL) on international trade. Switzerland hosts three major native language groups which adjoin countries sharing the same native majority languages. In regions close to the internal language border the alternate major language is taught early on in school and not only understood but spoken by the residents. This setting allows for an assessment of the impact of common native rather than spoken language on transaction-level im...
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作者：Auerbach, Alan J.
作者单位：University of California System; University of California Berkeley
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作者：Caplin, Andrew; Martin, Daniel
作者单位：New York University; Paris School of Economics
摘要：We provide a characterisation of choice behaviour generated by a Bayesian expected utility maximiser. The observable signature of this standard model is the impossibility of raising utility by switching wholesale from one action to another. We provide applications to robustness, to the recovery of utility from choice data and to model classification.
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作者：Caprice, Stephane; Rey, Patrick
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; INRAE; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Centre for Economic Policy Research - UK
摘要：We consider a model of vertically related markets, in which an upstream firm faces a competitive fringe of less efficient suppliers and negotiates with customers that compete in a downstream market. We allow downstream firms to form a buyer group which selects suppliers on behalf of its members. We show that transforming individual listing decisions into a joint listing decision makes delisting less harmful for a group member, which in turn enhances the group members' bargaining position at th...
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作者：Hoermann, Markus; Schabert, Andreas
作者单位：University of Cologne
摘要：We augment a standard macroeconomic model to analyse the effects and limitations of balance sheet policies. We show that the central bank can stimulate real activity by changing the size or the composition of its balance sheet, when interest rate policy is ineffective. Specifically, the central bank can stabilise the economy by increasing money supply against eligible assets even when the policy rate is at the zero lower bound. By changing the composition of its balance sheet, it can affect in...
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作者：Heckman, James J.
作者单位：University of Chicago
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作者：Conlon, John R.
作者单位：University of Mississippi
摘要：Anti-bubble policy is examined in a finite-horizon greater fool' bubble model, with rational agents, asymmetric information and short-sales constraints. This permits the use of standard tools of welfare economics to analyse bubble policies. Policy is modelled as deflating overpriced assets by revealing information about this overpricing. If the central bank is following such a policy, then the market interprets inaction as an implicit endorsement of asset prices, which raises these prices. Als...
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作者：Burgess, Simon; Greaves, Ellen; Vignoles, Anna; Wilson, Deborah
作者单位：University of Bristol; University of London; London School Economics & Political Science; University of Cambridge
摘要：We investigate parents' preferences for school attributes in a unique data set of survey, administrative, census and spatial data. Using a conditional logit, incorporating characteristics of households, schools and home-school distance, we show that most families have strong preferences for schools' academic performance. Parents also value schools' socio-economic composition and distance, which may limit the potential of school choice to improve academic standards. Most of the variation in pre...
