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作者：Esteves-Sorenson, Constanca; Perretti, Fabrizio
作者单位：Yale University
摘要：We document substantial default effects despite negligible switching costs in a novel setting: television programme choice in Italy. Despite the low costs of clicking the remote and of searching across only six channels and viewers extensive experience with the decision, show choice depends strongly on whether viewers happened to watch the previous programme on the channel. Specifically, male and female viewership of the news depends on whether the preceding programme appealed to men or women,...
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作者：Hsu, Wen-Tai
作者单位：National University of Singapore
摘要：This article proposes a theory of city size distribution via a hierarchy approach rather than the popular random growth process. It does so by formalising central place theory using an equilibrium entry model and specifying the conditions under which city size distribution follows a power law. The force driving the city size differences in this model is the heterogeneity in economies of scale across goods. The city size distribution under a central place hierarchy exhibits a power law if the d...
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作者：Bruelhart, Marius; Jametti, Mario; Schmidheiny, Kurt
作者单位：University of Lausanne; Universita della Svizzera Italiana; University of Basel
摘要：Recent theoretical work in economic geography has shown that agglomeration forces can mitigate race-to-the-bottom tax competition, by partly or fully offsetting firms sensitivity to tax differentials. We test this proposition using data on firm births across Swiss municipalities. We find that corporate taxes deter firm births less in more spatially concentrated sectors. Firms in sectors with an agglomeration intensity in the top quintile are less than half as responsive to differences in corpo...
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作者：Donado, Alejandro; Waelde, Klaus
作者单位：University of Wurzburg; Johannes Gutenberg University of Mainz; Universite Catholique Louvain
摘要：Historically, worker movements have played a crucial role in making workplaces safer. Firms traditionally oppose better health standards. According to our interpretation, workplace safety is costly for firms but increases the average health of workers and thereby the aggregate labour supply. A laissez faire approach in which firms set safety standards is suboptimal as workers are not fully informed of health risks associated with jobs. Safety standards set by better informed trade unions are o...
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作者：Gathergood, John
作者单位：University of Nottingham
摘要：Individuals exhibiting problems repaying their debt obligations also exhibit much worse psychological health. Selection into problem debt on the basis of poor psychological health accounts for much of this difference. The causality between problem debt and psychological health may be two way. Using individual level UK panel data, local house price movements exogenous to individual households are used to establish the causality from problem mortgage debt to psychological health. In addition, th...
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作者：Moav, Omer; Neeman, Zvika
作者单位：Hebrew University of Jerusalem; University of London; Royal Holloway University London; Tel Aviv University
摘要：Poor families around the world spend a large fraction of their income consuming goods that do not appear to alleviate poverty, while saving at low rates. We suggest that individuals care about economic status and interpret this behaviour as conspicuous consumption intended to provide a signal about unobserved income. We show that if human capital is observable and correlated with income, then a signalling equilibrium in which poor individuals tend to spend a large fraction of their income on c...
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作者：Ascari, Guido; Rossi, Lorenza
作者单位：University of Pavia
摘要：We compare the Calvo and Rotemberg price-setting mechanisms in a New Keynesian model with trend inflation. We show that: the long-run relationship between inflation and output is positive in Rotemberg and negative in Calvo; the dynamics of the two models differ even to a first-order approximation; positive trend inflation enlarges the determinacy region in the Rotemberg model, whereas it shrinks it in the Calvo model; the responses of output and inflation to technology shocks are amplified by ...
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作者：Anderson, Michael; Magruder, Jeremy
作者单位：University of California System; University of California Berkeley
摘要：Internet review forums increasingly supplement expert opinion and social networks in informing consumers about product quality. However, limited empirical evidence links digital word-of-mouth to purchasing decisions. We implement a regression discontinuity design to estimate the effect of positive Yelp.com ratings on restaurant reservation availability. An extra half-star rating causes restaurants to sell out 19 percentage points (49%) more frequently, with larger impacts when alternate inform...
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作者：Kaplan, Todd R.; Ruffle, Bradley J.
作者单位：University of Exeter; University of Haifa; Ben-Gurion University of the Negev
摘要：We introduce a two-player, binary-choice game in which both players have a privately known incentive to enter, yet the combined surplus is highest if only one enters. Repetition of this game admits two distinct ways to cooperate: turn taking and cutoffs, which rely on the player's private value to entry. A series of experiments highlights the role of private information in determining which mode players adopt. If an individual's entry values vary little (e.g. mundane tasks), taking turns is li...
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作者：Engelmann, Dirk; Grimm, Veronika
作者单位：University of Mannheim; University of Copenhagen; Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; University of Erlangen Nuremberg; Leibniz Association; Ifo Institut
摘要：In games of conflict, players typically have an incentive to exaggerate their interests. This concerns issues ranging from negotiations between political parties to conflict resolution within marriages. We experimentally study this problem using a simple voting game where information about preferences is private. With random matching, subjects overwhelmingly follow the dominant strategy to exaggerate their preferences. The exogenous linking mechanism by Jackson and Sonnenschein (2007) captures...
