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作者：Chan, Tat Y.; Hamilton, Barton H.
作者单位：Washington University (WUSTL)
摘要：Many randomized experiments are plagued by attrition, even among subjects receiving more effective treatments. We estimate the subject's utility associated with the receipt of treatment, as revealed by dropout behavior, to evaluate treatment effects. Utility is a function of both publicly observed outcomes and side effects privately observed by the subject. We analyze an influential AIDS clinical trial, ACTG 175, and show that for many subjects, AZT yields the highest level of utility despite ...
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作者：Doepke, Matthias; Schneider, Martin
作者单位：National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; New York University
摘要：This study quantitatively assesses the effects of inflation through changes in the value of nominal assets. It documents nominal asset positions in the United States across sectors and groups of households and estimates the wealth redistribution caused by a moderate inflation episode. The main losers from inflation are rich, old households, the major bondholders in the economy. The main winners are young, middle-class households with fixed-rate mortgage debt. Besides transferring resources fro...
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作者：Smith, Lones
作者单位：University of Michigan System; University of Michigan
摘要：Consider a heterogeneous agent matching model in which the payoff of each matched individual is a fixed function of both partners' types. In a 1973 article, Becker showed that assortative matching arises in a frictionless setting simply if everyone prefers higher partners. This paper shows that if finding partners requires time-consuming search and individuals are impatient, then productive interaction matters. Matching is positively assortative-higher types match with higher sets of types-whe...
