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作者：Blanchard, Emily J.; Bown, Chad P.; Johnson, Robert C.
作者单位：Dartmouth College; Center for Economic & Policy Research (CEPR); Peterson Institute for International Economics; University of Notre Dame; National Bureau of Economic Research
摘要：How do global value chain (GVC) linkages modify countries' incentives to impose import protection? Are these linkages important determinants of trade policy in practice? We develop a new approach to modelling tariff setting with GVCs, in which optimal policy depends on the nationality of value-added content embedded in home and foreign final goods. Theory predicts that discretionary tariffs will be decreasing in the domestic content of foreign-produced final goods and the foreign content of do...
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作者：Grennan, Matthew; Myers, Kyle R.; Swanson, Ashley; Chatterji, Aaron
作者单位：Emory University; University of California System; University of California Berkeley; National Bureau of Economic Research; Harvard University; University of Wisconsin System; University of Wisconsin Madison; Duke University
摘要：We study how firms target and influence expert intermediaries. In our context, pharmaceutical manufacturers provide payments to physicians during promotional interactions. We develop an identification strategy based on plausibly exogenous variation in payments driven by differential exposure to spillovers from AMC CoI policies. Using a case study of an important class of cardiovascular drugs, we estimate heterogeneous effects of payments on prescribing, with firms targeting highly responsive p...
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作者：Murto, Pauli; Valimaki, Juuso
作者单位：Aalto University
摘要：Many auctions and procurement contests entail non-trivial bidding costs, which makes the bidders' participation decisions endogenous to the auction design. We analyse the effect of different auction rules on potential bidders' incentives to participate. We focus on first-price auctions with affiliated common values and a large pool of potential bidders. Our main interest is on auctions where the realized number of bidders is unknown at the bidding stage. In contrast to the standard case, both ...
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作者：Rosen, Adam M.; Ura, Takuya
作者单位：Duke University; University of California System; University of California Davis
摘要：We provide a finite sample inference method for the structural parameters of Manski's semiparametric binary response model under a conditional median restriction. This is achieved by exploiting distributional properties of observable outcomes conditional on the observed sequence of exogenous variables. Moment inequalities conditional on the size n sequence of exogenous covariates are constructed, and the proposed test statistic is a monotone function of violations of the corresponding sample m...
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作者：Hagemann, Andreas
作者单位：University of Michigan System; University of Michigan
摘要：I introduce a generic method for inference about a scalar parameter in research designs with a finite number of heterogeneous clusters where only a single cluster received treatment. This situation is commonplace in difference-in-differences estimation, but the test developed here applies more broadly. I show that the test controls size and has power under asymptotics where the number of observations within each cluster is large but the number of clusters is fixed. The test combines weighted, ...
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作者：Shapiro, Joseph S.
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：This paper proposes that strong institutions provide comparative advantage in clean industries, and thereby improve a country's environmental quality. I study financial, judicial, and labour market institutions. Five complementary tests evaluate and assess implications of this hypothesis. First, industries that depend on institutions are clean. Second, strong institutions increase relative exports in clean industries. Third, an industry's complexity helps explain the link between institutions ...
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作者：Barwick, Panle Jia; Kalouptsidi, Myrto; Zahur, Nahim Bin
作者单位：University of Wisconsin System; National Bureau of Economic Research; University of Wisconsin Madison; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; Harvard University; Queens University - Canada
摘要：Industrial policies are widely used across the world. In practice, designing and implementing these policies is a complicated task. In this paper, we assess the long-term performance of different industrial policy instruments, which include production subsidies, investment subsidies, entry subsidies, and consolidation policies. To do so, we examine a recent industrial policy in China aiming to propel the country's shipbuilding industry to the largest globally. Using firm-level data from 1998 t...
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作者：Egan, Mark; Matvos, Gregor; Seru, Amit
作者单位：Harvard University; National Bureau of Economic Research; Northwestern University; Stanford University
摘要：This article studies the impact of the arbitrator selection process on consumer outcomes. Using data from consumer arbitration cases in the securities industry over the past two decades, where we observe detailed information on case characteristics, the randomly generated list of potential arbitrators presented to both parties, the selected arbitrator, and case outcomes, we establish several motivating facts. These facts suggest that firms hold an informational advantage over consumers in sele...
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作者：Kleven, Henrik; Landais, Camille; Leite-Mariante, Gabriel
作者单位：Princeton University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR); University of London; London School Economics & Political Science; Centre for Economic Policy Research - UK
摘要：This paper builds a world atlas of child penalties in employment based on microdata from 134 countries. The estimation of child penalties is based on pseudo-event studies of first child birth using cross-sectional data. The pseudo-event studies are validated against true event studies using panel data for a subset of countries. Most countries display clear and sizable child penalties: men and women follow parallel trends before parenthood, but diverge sharply and persistently after parenthood....
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作者：Ciscato, Edoardo
作者单位：KU Leuven
摘要：Complementarities between partners' characteristics are often held responsible for the patterns of assortative mating observed in marriage markets along different dimensions, such as race and education. However, when the marriage market is segmented into racially and educationally homogeneous clusters, people naturally have more match opportunities with their likes. In this paper, we build an empirically tractable dynamic matching model with endogenous separation and remarriage. In every perio...
