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作者：Heckman, James J.; Lazear, Edward P.; Murphy, Kevin M.
作者单位：University of Chicago; Stanford University
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作者：Doraszelski, Ulrich; Jaumandreu, Jordi
作者单位：University of Pennsylvania; Boston University
摘要：Technological change can increase the productivity of the various factors of production in equal terms, or it can be biased toward a specific factor. We directly assess the bias of technological change by measuring, at the level of the individual firm, how much of it is labor augmenting and how much is factor neutral. To do so, we develop a framework for estimating production functions when productivity is multidimensional. Using panel data from Spain, we find that technological change is bias...
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作者：Shapiro, Bradley T.
作者单位：University of Chicago
摘要：Exploiting the discontinuity in advertising along the borders of television markets, I estimate that television advertising of prescription antidepressants exhibits significant positive spillovers on rivals' demand. I apply this identification in a demand model, where estimated parameters indicate significant and persistent spillovers driven by market expansion. Using the demand estimates to calibrate a stylized supply model, I explore the consequences of the positive spillovers on firm advert...
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作者：Heckman, James J.; Humphries, John Eric; Veramendi, Gregory
作者单位：University of Chicago; Yale University; Arizona State University; Arizona State University-Tempe
摘要：This paper estimates returns to education using a dynamic model of educational choice that synthesizes approaches in the structural dynamic discrete choice literature with approaches used in the reduced-form treatment effect literature. It is an empirically robust middle ground between the two approaches that estimates economically interpretable and policy-relevant dynamic treatment effects that account for heterogeneity in cognitive and noncognitive skills and the continuation values of educa...
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作者：Nicita, Alessandro; Olarreaga, Marcelo; Silva, Peri
作者单位：University of Geneva; University of Geneva; Kansas State University
摘要：This paper examines the extent to which tariff cooperation is observed among World Trade Organization members. With the help of a simple political economy model, we show that tariffs are positively correlated with the importer's market power when they are set noncooperatively but negatively correlated when set cooperatively. We use this prediction to empirically identify the extent of cooperation in the WTO and find that more than three-quarters of WTO members' tariffs are set noncooperatively.
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作者：Iaryczower, Matias; Shi, Xiaoxia; Shum, Matthew
作者单位：Princeton University; University of Wisconsin System; University of Wisconsin Madison; California Institute of Technology
摘要：We quantify the effect of deliberation on the decisions of US appellate courts. We estimate a model in which strategic judges communicate before casting their votes and then compare the probability of mistakes in the court with deliberation with a counterfactual of no communication. The model has multiple equilibria, and preferences and information parameters are only partially identified. We find that there is a range of parameters in the identified setwhen judges tend to disagree ex ante or ...
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作者：Jehiel, Philippe; Lamy, Laurent
作者单位：Paris School of Economics; University of London; University College London; AgroParisTech
摘要：We revisit the Tiebout hypothesis in a world in which agents may learn extra information as to how they value the various local public goods once located, and jurisdictions are free to commit to whatever mechanism to attract citizens. It is shown in quasi-linear environments that efficiency can be achieved as a competitive equilibrium when jurisdictions seek to maximize local revenues but not necessarily when they seek to maximize local welfare. Interpretations and limitations of the result ar...
