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作者：Card, David; DellaVigna, Stefano; Funk, Patricia; Iriberri, Nagore
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; Universita della Svizzera Italiana; University of Basque Country; Basque Foundation for Science
摘要：We study the selection of Fellows of the Econometric Society, using a new data set of publications and citations for over 40,000 actively publishing economists since the early 1900s. Conditional on achievement, we document a large negative gap in the probability that women were selected as Fellows in the 1933-1979 period. This gap became positive (though not statistically significant) from 1980 to 2010, and in the past decade has become large and highly significant, with over a 100% increase i...
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作者：[Anonymous]
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作者：Ales, Laurence; Sleet, Christopher
作者单位：Carnegie Mellon University; University of Rochester
摘要：Discrete location, occupation, skill, and hours choices of workers underpin their incomes. This paper analyzes the optimal taxation of discrete income-generating choice. It derives optimal tax equations and Pareto test inequalities for mixed logit choice environments that can accommodate discrete and unstructured choice sets, rich preference heterogeneity, and complex aggregate cross-substitution patterns between choices. These equations explicitly connect optimal taxes to societal redistribut...
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作者：Frechette, Guillaume R.; Lizzeri, Alessandro; Perego, Jacopo
作者单位：New York University; Princeton University; Columbia University
摘要：We study the role of commitment in communication and its interactions with rules, which determine whether information is verifiable. Our framework nests models of cheap talk, information disclosure, and Bayesian persuasion. It predicts that commitment has opposite effects on information transmission under the two alternative rules. We leverage these contrasting forces to experimentally establish that subjects react to commitment in line with the main qualitative implications of the theory. Qua...
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作者：Dworczak, Piotr; Pavan, Alessandro
作者单位：Northwestern University
摘要：We propose a robust solution concept for Bayesian persuasion that accounts for the Sender's concern that her Bayesian belief about the environment-which we call the conjecture-may be false. Specifically, the Sender is uncertain about the exogenous sources of information the Receivers may learn from, and about strategy selection. She first identifies all information policies that yield the largest payoff in the worst-case scenario, that is, when Nature provides information and coordinates the R...
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作者：Halac, Marina; Yared, Pierre
作者单位：Yale University; Centre for Economic Policy Research - UK; Columbia University; National Bureau of Economic Research
摘要：We study a fiscal policy model in which the government is present-biased towards public spending. Society chooses a fiscal rule to trade off the benefit of committing the government to not overspend against the benefit of granting it flexibility to react to privately observed shocks to the value of spending. Unlike prior work, we examine rules under limited enforcement: the government has full policy discretion and can only be incentivized to comply with a rule via the use of penalties which a...
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作者：Jones, Callum; Midrigan, Virgiliu; Philippon, Thomas
作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; New York University; National Bureau of Economic Research; New York University; Centre for Economic Policy Research - UK
摘要：We evaluate and partially challenge the household leverage view of the Great Recession. In the data, employment and consumption declined more in U.S. states where household debt declined more. We study a model of a monetary union composed of many regions in which liquidity constraints shape the response of employment and consumption to changes in debt. We estimate the model with Bayesian methods combining state and aggregate data. Changes in household credit explain 40% of the differential ris...
