-
作者：Miklos-Thal, Jeanine; Shaffer, Greg
作者单位：University of Rochester
摘要：Weyl and Fabinger (2013) analyze the social incidence of competition and the output and welfare effects of third-degree price discrimination by considering the hypothetical entrance of exogenous quantity into a market. The formulas they use for this purpose, however, are correct only for marginal changes in exogenous quantity starting at zero or if demand functions are linear. We show how using the correct formulas changes Weyl and Fabinger's analyses and leads to new results on the social inc...
-
作者：Holm, Martin Blomhoff; Paul, Pascal; Tischbirek, Andreas
作者单位：University of Oslo; Federal Reserve System - USA; University of Lausanne
摘要：We investigate the transmission of monetary policy to household consumption using administrative data on the universe of households in Norway. On the basis of identified monetary policy shocks, we estimate the dynamic responses of consumption, income, and saving along the liquid asset distribution of households. For low-liquidity but also for high-liquidity households, changes in disposable income are associated with a sizable consumption reaction. The impact consumption response is closely li...
-
作者：Banzhaf, H. Spencer
作者单位：University System of Georgia; Georgia State University; National Bureau of Economic Research
摘要：Cross-sectional estimates of hedonic price functions theoretically recover marginal values for characteristics but face endogeneity problems. Consequently, economists have introduced difference-in-differences and other quasi-experimental econometric methods into hedonic models. Unfortunately, the welfare interpretation of these estimands has not been clear. This paper shows that quasi-experimental hedonics can identify the movement along the ex post price function. It further shows that this e...
-
作者：Michaels, Guy; Nigmatulina, Dzhamilya; Rauch, Ferdinand; Regan, Tanner; Baruah, Neeraj; Dahlstrand, Amanda
作者单位：University of London; London School Economics & Political Science; University of Oxford; University of Graz; University of London; London Business School
摘要：Africa's demand for urban housing is soaring, even as it faces a proliferation of slums. In this setting, can modest infrastructure investments in greenfield areas where people subsequently build their own houses facilitate long-run neighborhood development? We study Sites and Services projects implemented in seven Tanzanian cities during the 1970s and 1980s, and we use a spatial regression discontinuity design to compare greenfield areas that were treated (de novo) with nearby greenfield area...
