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作者：Almas, Ingvild; Attanasio, Orazio; Jervis, Pamela
作者单位：Stockholm University; Norwegian School of Economics (NHH); Yale University; Norwegian School of Economics (NHH); University of Cambridge; Universidad de Chile; University of London; London School Economics & Political Science
摘要：Most empirical work in economics has considered only a narrow set of measures as meaningful and useful to characterize individual behavior, a restriction justified by the difficulties in collecting a wider set. However, this approach often forces the use of strong assumptions to estimate the parameters that inform individual behavior and identify causal links. In this paper, we argue that a more flexible and broader approach to measurement could be extremely useful and allow the estimation of ...
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作者：Kala, Namrata
作者单位：Massachusetts Institute of Technology (MIT)
摘要：The allocation of decision-making power is a critical choice that organizations make to mitigate agency problems and information frictions. This paper investigates the role of delegation for organizations where the agency problem is both pervasive and has potentially high welfare consequences: state-owned enterprises (SOEs). I use a natural experiment in India to uncover the causal effects of granting SOE managers more autonomy over strategic decisions. Managers meaningfully exercise this auto...
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作者：Miyauchi, Yuhei
作者单位：Boston University
摘要：This paper shows that matching frictions and a thick market externality in firm-to-firm trade shape the agglomeration of economic activity. Using panel data of firm-to-firm trade in Japan, I demonstrate that firms gradually match with alternative suppliers following an unanticipated supplier bankruptcy, and that the rate of rematching increases in the geographic density of alternative suppliers. Motivated by these empirical findings, I develop a general equilibrium model of firm-to-firm matchi...
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作者：Cervellati, Matteo; Gulino, Giorgio; Roberti, Paolo
作者单位：University of Bologna; University of Rome Tor Vergata; Free University of Bozen-Bolzano
摘要：We exploit a natural experiment involving a randomization of votes across parties within coalitions in all local elections in Italy for over a decade. A lottery on the position of party symbols in the ballot papers allows estimating the causal effect of increasing votes to parties for coalition policies. A non-marginal random boost of votes shifts budgetary spending towards the treated party's platform, but only for issues that are salient in that party's political manifesto. We study the chai...
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作者：Chang, Haoge; Middleton, Joel A.; Aronow, P. M.
作者单位：Columbia University; Yale University; Yale University; Yale University; Yale University; Yale University
摘要：Freedman (2008a,b) showed that the linear regression estimator is biased for the analysis of randomized controlled trials under the randomization model. Under Freedman's assumptions, we derive exact closed-form bias corrections for the linear regression estimator. We show that the limiting distribution of the bias corrected estimator is identical to the uncorrected estimator. Taken together with results from Lin (2013), our results show that Freedman's theoretical arguments against the use of ...
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作者：Abreu, Dilip; Manea, Mihai
作者单位：New York University; State University of New York (SUNY) System; Stony Brook University
摘要：A seller trades with q out of n buyers who have valuations a(1) >= a(2) >= center dot center dot center dot >= a(n) > 0 via sequential bilateral bargaining. When q < n, buyer payoffs vary across equilibria in the patient limit, but seller payoffs do not, and converge to max(l <= q+1)[a(1)+a(2)+ center dot center dot center dot+a(l-1)/2+a(l+1)+ center dot center dot center dot+a(q+1)]. If l* is the (generically unique) maximizer of this optimization problem, then each buyer i < l* trades with p...
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作者：Grant, Simon; Liu, Sh. L.; Yang, Jingni
作者单位：Australian National University; Peking University; University of Sydney
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作者：Strack, Philipp; Yang, Kai Hao
作者单位：Yale University; Yale University
摘要：A signal is privacy-preserving with respect to a collection of privacy sets if the posterior probability assigned to every privacy set remains unchanged conditional on any signal realization. We characterize the privacy-preserving signals for arbitrary state space and arbitrary privacy sets. A signal is privacy-preserving if and only if it is a garbling of a reordered quantile signal. Furthermore, distributions of posterior means induced by privacy-preserving signals are exactly mean-preservin...
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作者：Haller, Andreas; Staubli, Stefan; Zweimueller, Josef
作者单位：Norwegian School of Economics (NHH); University of Calgary; National Bureau of Economic Research; University of Zurich; IZA Institute Labor Economics
摘要：This paper develops a sufficient statistics framework for analyzing the welfare effects of disability insurance (DI). We derive social-optimality conditions for the two main DI policy parameters: (i) eligibility rules and (ii) benefit levels. Applying this framework to two restrictive DI reforms in Austria, we find that tighter DI eligibility rules triggered higher fiscal cost savings and lower insurance losses. Hence, tighter DI eligibility rules dominate DI benefit reductions in scaling back...
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作者：Giroud, Xavier; Lenzu, Simone; Maingi, Quinn; Mueller, Holger
作者单位：Columbia University; University of Cambridge; Centre for Economic Policy Research - UK; New York University; University of Southern California
摘要：The gains from agglomeration economies are believed to be highly localized. Using confidential Census plant-level data, we show that large industrial plant openings raise the productivity not only of local plants but also of distant plants hundreds of miles away, which belong to large multi-plant, multi-region firms that are exposed to the local productivity spillover through one of their plants. This global productivity spillover does not decay with distance and is stronger if plants are in i...
