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作者：Grubb, Michael D.
作者单位：Boston College
摘要：For many goods and services such as electricity, health care, cellular phone service, debit-card transactions, or those sold with loyalty discounts, the price of the next unit of service depends on past usage. As a result, consumers who are inattentive to their past usage but are aware of contract terms may remain uncertain about the price of the next unit. I develop a model of inattentive consumption, derive equilibrium pricing when consumers are inattentive, and evaluate bill-shock regulatio...
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作者：Cowgill, Bo; Zitzewitz, Eric
作者单位：University of California System; University of California Berkeley; Dartmouth College
摘要：Despite the popularity of prediction, markets among economists, businesses, and policymakers have been slow to adopt them in decision-making. Most studies of prediction markets outside the lab are from public markets with large trading populations. Corporate prediction markets face additional issues, such as thinness, weak incentives, limited entry, and the potential for traders with biases or ulterior motives-raising questions about how well these markets will perform. We examine data from pr...
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作者：De La Croix, David; Mariani, Fabio
作者单位：Universite Catholique Louvain; Universite Catholique Louvain; IZA Institute Labor Economics
摘要：Marriage institutions have changed over time, evolving from polygyny to monogamy, and then to serial monogamy (as defined by divorce and remarriage). We propose a unified theory of such institutional changes, where the dynamics of income distribution are the driving force. We characterize the marriage-market equilibrium in each of the three alternative regimes, and determine which one emerges as a political equilibrium, depending on the state of the economy. In a two-class society, a rise in t...
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作者：Caliendo, Lorenzo; Parro, Fernando
作者单位：Yale University; National Bureau of Economic Research
摘要：We build into a Ricardian model sectoral linkages, trade in intermediate goods, and sectoral heterogeneity in production to quantify the trade and welfare effects from tariff changes. We also propose a new method to estimate sectoral trade elasticities consistent with any trade model that delivers a multiplicative gravity equation. We apply our model and use our estimated elasticities to identify the impact of NAFTA's tariff reductions. We find that Mexico's welfare increases by 1.31%, U.S.'s ...
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作者：Cohn, Alain; Marechal, Michel Andre; Noll, Thomas
作者单位：University of Chicago; University of Zurich
摘要：We conducted an experiment with 182 inmates from a maximum security prison to analyze the impact of criminal identity salience on cheating. The results show that inmates cheat more when we exogenously render their criminal identity more salient. This effect is specific to individuals who have a criminal identity, because an additional placebo experiment shows that regular citizens do not become more dishonest in response to crime-related reminders. Moreover, our experimental measure of cheatin...
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作者：Gueell, Maia; Rodriguez Mora, Jose V.; Telmer, Christopher I.
作者单位：University of Edinburgh; Centre for Economic Policy Research - UK; University of Edinburgh; Centre for Economic Policy Research - UK; Carnegie Mellon University
摘要：We propose a new methodology for measuring intergenerational mobility in economic well-being. Our method is based on the joint distribution of surnames and economic outcomes. It circumvents the need for intergenerational panel data, a long-standing stumbling block for understanding mobility. It does so by using cross-sectional data alongside a calibrated structural model to recover the traditional intergenerational elasticity measures. Our main idea is simple. If inheritance is important for e...
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作者：Gennaioli, Nicola; Voth, Hans-Joachim
作者单位：Bocconi University; Bocconi University; University of Zurich
摘要：Powerful, centralized states controlling a large share of national income only begin to appear in Europe after 1500. We build a model that explains their emergence in response to the increasing importance of money for military success. When fiscal resources are not crucial for winning wars, the threat of external conflict stifles state-building. As finance becomes critical, internally cohesive states invest in state capacity while divided states rationally drop out of the competition, causing ...
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作者：Holmes, Thomas J.; McGrattan, Ellen R.; Prescott, Edward C.
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; University of Minnesota System; University of Minnesota Twin Cities; Arizona State University; Arizona State University-Tempe
摘要：By the 1970s, quid pro quo policy, which requires multinational firms to transfer technology in return for market access, had become a common practice in many developing countries. While many countries have subsequently liberalized quid pro quo requirements, China continues to follow the policy. In this article, we incorporate quid pro quo policy into a multicountry dynamic general equilibrium model, using microevidence from Chinese patents to motivate key assumptions about the terms of the te...
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作者：Board, Simon; Meyer-Ter-Vehn, Moritz
作者单位：University of California System; University of California Los Angeles
摘要：We analyze a large, anonymous labour market in which firms motivate their workers via relational contracts. The market is frictionless and features on-the-job search, in that all acceptable vacancies are immediately filled and the employed compete with the unemployed for vacancies. While firms and workers are ex ante identical, the unique equilibrium exhibits a continuous distribution of contracts in which high wage firms have higher retention rates, more motivated workers and higher productiv...
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作者：Handbury, Jessie; Weinstein, David E.
作者单位：University of Pennsylvania; National Bureau of Economic Research; Columbia University
摘要：This article uses detailed barcode data on purchase transactions by households in 49 U.S. cities to calculate the first theoretically founded urban price index. In doing so, we overcome a large number of problems that have plagued spatial price index measurement. We identify two important sources of bias. Heterogeneity bias arises from comparing different goods in different locations, and variety bias arises from not correcting for the fact that some goods are unavailable in some locations. El...
