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作者：Campbell, Douglas L.; Mau, Karsten
作者单位：New Economic School; Maastricht University
摘要：Bloom et al. (2016) find that Chinese import competition induced a rise in patenting, IT adoption, and total factor productivity (TFP) by up to 30% of the total increase in Europe in the late 1990s and early 2000s. We uncover several coding errors in an important robustness check of their patent results. When corrected, we find no statistically significant relationship between Chinese competition and patents. Other specifications in the original paper use a problematic log(1+ patents) transfor...
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作者：Lian, Chen
作者单位：University of California System; University of California Berkeley
摘要：Unlike in standard models, decision makers often narrowly bracket and make each decision in isolation. I develop a new approach, which I term narrow thinking, to systematically model narrow bracketing. The definition of narrow thinking is that different decisions are based on different, nonnested, information. As a result, the narrow thinker makes each decision with imperfect knowledge of other decisions and faces difficulties coordinating her multiple decisions. The narrow thinker effectively...
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作者：Montez, Joao; Schutz, Nicolas
作者单位：University of Lausanne; Centre for Economic Policy Research - UK; University of Mannheim; University of Mannheim
摘要：We study production in advance in a setting where firms first source inventories that remain unobservable to rivals, and then simultaneously set prices. In the unique equilibrium, each firm occasionally holds a sale relative to its reference price, resulting in firms sometimes being left with unsold inventory. In the limit as inventory costs become fully recoverable, the equilibrium converges to an equilibrium of the game where firms only choose prices and produce to order-the associated Bertr...
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作者：Angelucci, Manuela; Bennett, Daniel
作者单位：University of Texas System; University of Texas Austin; University of Southern California; University of Southern California
摘要：Asymmetric information in the marriage market may cause adverse selection and delay marriage if partner quality is revealed over time. Sexual safety is an important but hidden partner attribute, especially in areas where HIV is endemic. Amodel of positive assortative matching with both observable (attractiveness) and hidden (sexual safety) attributes predicts that removing the asymmetric information about sexual safety accelerates marriage and pregnancy for safe respondents, and more so if the...
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作者：Friedrich, Benjamin U.; Hackmann, Martin B.
作者单位：Northwestern University; Aarhus University; University of California System; University of California Los Angeles; National Bureau of Economic Research
摘要：In this article, we quantify the effects of nurses on health care delivery and patient health in the context of an unintended and policy-induced nurse shortage. Our empirical strategy takes advantage of a parental-leave program in Denmark, which offered any parent the opportunity to take up to one year's absence per child aged 0-8. Combining the policy variation with administrative employer-employee match data, we document substantial program take-up among nurses, who could not be replaced on ...
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作者：Pitt, Mark M.; Rosenzweig, Mark R.; Hassan, M. Nazmul
作者单位：Brown University; Yale University; University of Dhaka
摘要：We exploit recent molecular genetics evidence on the genetic basis of arsenic excretion and unique information on family links among respondents living in different environments from a large panel survey to uncover the hidden costs of arsenic poisoning in Bangladesh. We provide for the first time estimates of the effects of the ingestion and retention of inorganic arsenic on direct measures of cognitive and physical capabilities as well as on the schooling attainment, occupational structure, e...
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作者：Corbae, Dean; D'Erasmo, Pablo
作者单位：University of Wisconsin System; University of Wisconsin Madison; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - Philadelphia
摘要：In this article, we ask how bankruptcy law affects the financial decisions of corporations and its implications for firm dynamics. According to current U.S. law, firms have two bankruptcy options: Chapter 7 liquidation and Chapter 11 reorganization. Using Compustat data, we first document capital structure and investment decisions of non-bankrupt, Chapter 11, and Chapter 7 firms. Using those data moments, we then estimate parameters of a general equilibrium firm dynamics model with endogenous ...
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作者：Bloom, Nicholas; Draca, Mirko; Van Reenen, John
作者单位：Stanford University; University of Warwick; University of London; London School Economics & Political Science
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作者：Bonatti, Alessandro; Cisternas, Gonzalo
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作者：Che, Yeon-Koo; Iossa, Elisabetta; Rey, Patrick
作者单位：Columbia University; University of Rome Tor Vergata; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：Procuring an innovation involves motivating a research effort to generate a new idea and then implementing that idea efficiently. If research efforts are unverifiable and implementation costs are private information, a trade-off arises between the two objectives. The optimal mechanism resolves the trade-off via two instruments: a cash prize and a follow-on contract. It primarily uses the latter, by favouring the innovator at the implementation stage when the value of the innovation is above a ...
