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作者：Bartling, Bjoern; Fischbacher, Urs
作者单位：University of Zurich; University of Konstanz
摘要：To fully understand the motives for delegating a decision right, it is important to study responsibility attributions for outcomes of delegated decisions. We conducted laboratory experiments in which subjects could either choose a fair allocation or an unfair allocation or delegate the choice, and we used a punishment option to elicit responsibility attributions. Our results show that, first, responsibility attribution can be effectively shifted and, second, this can constitute a strong motive...
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作者：Chiappori, Pierre-Andre; Donni, Olivier; Komunjer, Ivana
作者单位：Columbia University; CY Cergy Paris Universite; University of California System; University of California San Diego
摘要：We investigate the empirical content of the Nash solution to two-player bargaining games. The bargaining environment is described by a set of variables that may affect agents' preferences over the agreement sharing, the status quo outcome, or both. The outcomes (i.e. whether an agreement is reached, and if so the individual shares) and the environment (including the size of the pie) are known, but neither are the agents' utilities nor their threat points. We consider both a deterministic versi...
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作者：Gelber, Alexander M.; Mitchell, Joshua W.
作者单位：University of Pennsylvania; National Bureau of Economic Research; Urban Institute
摘要：The classic model of Becker (1965, A Theory of the Allocation of Time, Economic Journal, 125, 493-517) suggests that labour supply decisions should be analysed within the broader context of time allocation and market good consumption choices, but most empirical work on policy has focused exclusively on measuring impacts on market work. This paper examines how income taxes affect time allocation during the entire day and how these time allocation decisions interact with expenditure patterns. Us...
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作者：Coibion, Olivier; Gorodnichenko, Yuriy; Wieland, Johannes
作者单位：William & Mary; University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：We study the effects of positive steady-state inflation in New Keynesian models subject to the zero bound on interest rates. We derive the utility-based welfare loss function taking into account the effects of positive steady-state inflation and solve for the optimal level of inflation in the model. For plausible calibrations with costly but infrequent episodes at the zero lower bound, the optimal inflation rate is low, typically < 2% even after considering a variety of extensions, including o...
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作者：Imbens, Guido; Kalyanaraman, Karthik
作者单位：Harvard University; University of London; University College London
摘要：We investigate the choice of the bandwidth for the regression discontinuity estimator. We focus on estimation by local linear regression, which was shown to have attractive properties (Porter, J. 2003, Estimation in the Regression Discontinuity Model (unpublished, Department of Economics, University of Wisconsin, Madison)). We derive the asymptotically optimal bandwidth under squared error loss. This optimal bandwidth depends on unknown functionals of the distribution of the data and we propos...
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作者：Ferrall, Christopher
作者单位：Queens University - Canada
摘要：This paper studies the self-sufficiency project (SSP), a controlled randomized experiment concerning welfare, by estimating a model of endogenous skill accumulation, multidimensional job opportunities, and time-varying opportunity costs of labour market time. Methods for estimating dynamic programming models with unobserved heterogeneity are extended to account for unexpected policy interventions and endogenous sample selection and initial conditions. Parameters are identified and consistently...
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作者：Head, Allen; Lloyd-Ellis, Huw
作者单位：Queens University - Canada
摘要：We study the interactions among geographical mobility, unemployment, and home-ownership in an economy with heterogeneous locations, endogenous construction, and search frictions in the markets for both labour and housing. The decision of home-owners to accept job offers from other cities depends on how quickly they can sell their houses (i.e. the houses' liquidity), which in turn depends on local labour market conditions. Consequently, home-owners accept job offers from other cities at a lower...
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作者：Kugler, Maurice; Verhoogen, Eric
作者单位：The World Bank; Columbia University
摘要：Drawing on uncommonly rich and representative data from the Colombian manufacturing census, this paper documents new empirical relationships between input prices, output prices, and plant size and proposes a model of endogenous input and output quality choices by heterogeneous firms to explain the observed patterns. The key empirical facts are that, on average within narrowly defined sectors, (1) larger plants charge more for their outputs and (2) larger plants pay more for their material inpu...
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作者：Michelacci, Claudio; Pijoan-Mas, Josep
摘要：Starting in the 1970's, wage inequality and the number of hours worked by employed U.S. prime-age male workers have both increased. We argue that these two facts are related. We use a labour market model with on-the-job search where by working longer hours individuals acquire greater skills. Since job candidates are ranked by productivity, greater skills not only increase worker's productivity in the current job but also help the worker to obtain better jobs. When job offers become more disper...
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作者：Maccheroni, Fabio; Marinacci, Massimo; Rustichini, Aldo
作者单位：Bocconi University; University of Minnesota System; University of Minnesota Twin Cities
摘要：We study the behavioural foundation of interdependent preferences, where the outcomes of others affect the welfare of the decision maker. These preferences are taken as given, not derived from more primitive ones. Our aim is to establish an axiomatic foundation providing the link between observation of choices and a functional representation which is convenient, free of inconsistencies and can provide the basis for measurement. The dependence among preferences may take place in two conceptuall...
