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作者：Higgins, Sean
作者单位：Northwestern University
摘要：Do coordination failures constrain financial technology adoption? Exploiting the Mexican government's rollout of1 million debit cards to poor households from 2009 to 2012, I examine responses on both sides of the market and find important spillovers and distributional impacts. On the supply side, small retail firms adopted point-of-sale terminals to accept card payments. On the demand side, this led to a 21 percent increase in other consumers' card adoption. The supply-side technology adoption...
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作者：Gadenne, Lucie; Norris, Samuel; Singhal, Monica; Sukhtankar, Sandip
作者单位：University of London; London School Economics & Political Science; Queen Mary University London; Centre for Economic Policy Research - UK; University of British Columbia; University of California System; University of California Davis; University of Cambridge; University of Virginia
摘要：Households in developing countries often face variation in the prices of consumption goods. We develop a model demonstrating that in-kind transfers will provide insurance benefits against price risk if the covariance between the marginal utility of income and price is positive. Using calorie shortfalls as a proxy for marginal utility, , we find that this condition holds for low-income Indian households. Expansions in India's flagship in-kind food transfer program not only increase caloric inta...
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作者：He, Zhiguo; Hu, Maggie; Wang, Zhenping; Yao, Vincent
作者单位：Stanford University; National Bureau of Economic Research; City University of New York (CUNY) System; Baruch College (CUNY); University System of Georgia; Georgia State University
摘要：We identify exposure to political risk by exploiting a unique variation around land lease extension protection after 2047 in Hong Kong's housing market due to historical arrangements. Relative to properties that have been promised an extension protection, , those with unprotected leases granted by the current government are sold at a discount of 8 percent; ; those with colonial leases suffer an additional discount of 8 percent. Incorporating estimated structural parameters that suggest an addi...
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作者：Phan, William; Tierney, Ryan; Zhou, Yu
作者单位：North Carolina State University; University of Southern Denmark; Nagoya University
摘要：We consider the market design problem of matching students to schools in the presence of crowding effects. These effects are salient in parents' decision-making and the empirical literature; however, , they cause difficulties in the design of satisfactory mechanisms and, , as such, , are not currently considered. We propose a new framework and an equilibrium notion that accommodates crowding, , no-envy, , and respect for priorities. The equilibrium has a student-optimal element that induces an...
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作者：Coyne, David; Fadlon, Itzik; Ramnath, Shanthi P.; Tong, Patricia K.
作者单位：United States Department of the Treasury; University of California System; University of California San Diego; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - Chicago; RAND Corporation
摘要：We combine quasi -experimental variation in spousal death and age eligibility for survivors benefits using US tax records to study the effects on American households' labor supply and the design of social security's survivors insurance. Benefit eligibility at the exact age of 60 induces sharp reductions in the labor supply of newly widowed households , highlighting the value of survivors benefits and the liquidity they provide following the shock. Among eligible widows , the spousal death even...
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作者：Mahadevan, Meera
作者单位：University of California System; University of California Irvine
摘要：Politicians may target public goods to benefit their constituents, , at the expense of others. I study corruption in the context of Indian electricity and estimate the welfare consequences. Using new administrative billing data and close-election regression discontinuities, , I show that billed electricity consumption is lower for constituencies of the winning party by almost 40 percent, , while actual consumption, , measured by nighttime lights, , is higher. I document the covert way in which...
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作者：McClellan, Andrew
作者单位：University of Chicago
摘要：We study the design of negotiation strategies when a principal and agent must decide how to split a pie while the agent's outside option changes over time. The principal's optimal strategy under commitment demonstrates a new, , but intuitive, , set of negotiation dynamics. When the agent is tempted to leave, , the principal gradually promises a larger share ( decreasing demands) ) and more time to explore the outside option ( decreasing pressure), ) , illustrating a complementarity between the...
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作者：Fenizia, Alessandra; Saggio, Raffaele
作者单位：George Washington University; University of British Columbia; National Bureau of Economic Research
摘要：Organized crime has large economic and social costs. Hundreds of millions of people live in areas controlled by criminal organizations (Blattman et al. 2021 ). Thousands more are regularly displaced by the violence that accompanies these organizations (Daniele, Le Moglie, and Masera 2020 ). Organized crime thrives on illegal activities (Sviatschi 2022 ), preys on healthy businesses (Mirenda, Mocetti, and Rizzica 2022 ), weakens competition and innovation among firms (Slutzky and Zeume 2019 ), ...
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作者：Rhodes, Andrew; Zhou, Jidong
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Yale University
摘要：We study personalized pricing in a general oligopoly model. The impact of personalized pricing relative to uniform pricing hinges on the degree of market coverage. If market conditions are such that coverage is high ( e.g. , the production cost is low or the number of firms is high ) , personalized pricing harms firms and benefits consumers , whereas the opposite is true if coverage is low. When only some firms have data to personalize prices , consumers can be worse off compared to when eithe...
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作者：Delfino, Alexia
作者单位：Bocconi University; Bocconi University
摘要：I investigate men's limited entry into female -dominated sectors through a large-scale field experiment. The design exogenously varies recruitment messages by showing photographs of current workers ( male or female ) and providing information on the share of workers who received high evaluations in the past ( higher or lower ) . A male photograph has no impact on men's applications, but informing about a lower share of high evaluations encourages men to apply and enables the employer to hire a...
