515期

最新文章

• The theory of corporate finance. AI翻译
  作者：Webb, David
  作者单位：Johns Hopkins University
• Profiling problems with partially identified structure AI翻译
  作者：Brock, William A.
  作者单位：University of Wisconsin System; University of Wisconsin Madison
  摘要：This article studies two classes of profiling problems where the relevant structural inputs to the problems may be only partially identified: that where profilees are not 'strategic' in altering their characteristics and that where profilees strategically alter their characteristics at a cost. The analysis is unified by assuming there is a utilitarian planner that attempts to optimise the sum of welfare. We compare maximin solutions and minimax-regret solutions in two contexts. An unexpected f...
• Profiling: Introduction to the feature AI翻译
  作者：Manski, Charles F.
  作者单位：Northwestern University
• Welfare work requirements with paternalistic government preferences AI翻译
  作者：Moffitt, Robert
  作者单位：Johns Hopkins University; National Bureau of Economic Research
  摘要：Work requirements in means-tested transfer programmes have grown in importance in the US and in some other countries. The theoretical literature which considers their possible optimality generally operates within a traditional welfarist framework where some function of the utility of the poor is maximised. Here we consider a case where society instead has preferences over the actual work allocations of welfare recipients. Optimality of work requirements is shown to be possible but depends on t...
• Assessing racial profiling AI翻译
  作者：Durlauf, Steven N.
  作者单位：University of Wisconsin System; University of Wisconsin Madison
  摘要：In this article I consider the evaluation of racial profiling in traffic stops from a combination of welfarist and non-welfarist considerations. I argue that benefits from profiling in terms of crime reduction have not been identified and that further, the harm to those who are innocent and stopped is potentially high. I then argue that profiling creates a clear injustice to innocent African Americans. Together, these claims make the assessment of profiling an example of decision making under ...
• The dynamics of statistical discrimination AI翻译
  作者：Blume, Lawrence E.
  作者单位：Cornell University
  摘要：This article demonstrates how learning dynamics select among equilibria in a statistical discrimination model of employment. The static market model exhibits multiple equilibria. The belief revision dynamics generate a Markov market process which, in the long run, is mostly near one and only one of the static equilibria, regardless of initial conditions. Usually policy effects appear in comparative statics, where the equilibrium set moves with different policies. But here policy is also seen t...