2期

最新文章

• Pricing Power in Advertising Markets: Theory and Evidence AI翻译
  作者：Gentzkow, Matthew; Shapiro, Jesse m.; Yang, Frank; Yurukoglu, Ali
  作者单位：Stanford University; National Bureau of Economic Research; Harvard University
  摘要：Existing theories of media competition imply that advertisers will pay a lower price in equilibrium to reach consumers who multi -home across competing outlets. We generalize and extend this theoretical result and test it using data from television and social media advertising. We find that the model is a good match, qualitatively and quantitatively, to variation in advertising prices across demographic groups, outlets, platforms, and over time. We use the model to quantify the effects of comp...
• Prolonged Learning and Hasty Stopping: The Wald Problem with Ambiguity AI翻译
  作者：Auster, Sarah; Che, Yeon-Koo; Mierendorff, Konrad
  作者单位：University of Bonn; Columbia University; University of London; University College London
  摘要：This paper studies sequential information acquisition by an ambiguity -averse decision -maker (DM), who decides how long to collect information before taking an irreversible action. The agent optimizes against the worst -case belief and updates prior by prior. We show that the consideration of ambiguity gives rise to rich dynamics: compared to the Bayesian DM, the DM here tends to experiment excessively when facing modest uncertainty and, to counteract it, may stop experimenting prematurely wh...
• The Immigrant Next Door AI翻译
  作者：Bursztyn, Leonardo; Chaney, Thomas; Hassan, Tarek a.; Rao, Aakaash
  作者单位：University of Chicago; National Bureau of Economic Research; University of Southern California; Institut d'Etudes Politiques Paris (Sciences Po); Centre for Economic Policy Research - UK; Boston University; Harvard University
  摘要：We study how decades -long exposure to individuals of a given foreign descent shapes natives' attitudes and behavior toward that group. Using individualized donations data, we show that long-term exposure to a given foreign ancestry leads to more generous behavior specifically toward that group's ancestral country. Focusing on exposure to Arab Muslims to examine mechanisms, we show that long-term exposure (i) decreases explicit and implicit prejudice against Arab Muslims, (ii ) reduces support...
• The Nurture of Nature and the Nature of Nurture: How Genes and Investments Interact in the Formation of Skills AI翻译
  作者：Houmark, Mikkel Aagaard; Ronda, Victor; Rosholm, Michael
  作者单位：Aarhus University; Aarhus University; IZA Institute Labor Economics
  摘要：This paper studies the interplay between genetics and family investments in the process of skill formation. We model and estimate the joint evolution of skills and parental investments throughout early childhood. We document three genetic mechanisms: the direct effect of child genes on skills, the indirect effect of child genes via parental investments, and family genetic injluences captured by parental genes. We show that genetic effects are dynamic, increase over time, and operate via enviro...
• Asset-Based Microfinance for Microenterprises: Evidence from Pakistan AI翻译
  作者：Bari, Faisal; Malik, Kashif; Meki, Muhammad; Quinn, Simon
  作者单位：Lahore University of Management Sciences; University of Oxford; University of Oxford; Imperial College London
  摘要：We run a field experiment offering graduated microcredit clients the opportunity to finance a business asset worth four times their usual borrowing limit. We implement this using a hire-purchase contract; our control group is offered a zero interest loan at the usual borrowing limit. We find large, significant, and persistent effects: treated microenterprise owners run larger businesses with higher profits; consequently, household consumption increases, particularly on food and children's educ...
• Distinguishing Common Ratio Preferences from Common Ratio Effects Using Paired Valuation Tasks AI翻译
  作者：McGranaghan, Christina; Nielsen, Kirby; O'Donoghue, Ted; Somerville, Jason; Sprenger, Charles d.
  作者单位：University of Delaware; California Institute of Technology; Cornell University; Federal Reserve System - USA; Federal Reserve Bank - New York
  摘要：Without strong assumptions about how noise manifests in choices, we can infer little from existing empirical observations of the common ratio effect (CRE) about whether there exists an underlying common ratio preference (CRP). We propose to solve this inferential challenge using paired valuations, which yield valid inference under common assumptions. Using this approach in an online experiment with 900 participants, we find no evidence of a systematic CRP. To reconcile our findings with existi...
• Gender Differences in Medical Evaluations: Evidence from Randomly Assigned Doctors† AI翻译
  作者：Cabral, Marika; Dillender, Marcus
  作者单位：University of Texas System; University of Texas Austin; National Bureau of Economic Research; Vanderbilt University
  摘要：Little is known about what drives gender disparities in health care and related social insurance benefits. Using data and variation from the Texas workers' compensation program, we study the impact of gender match between doctors and patients on medical evaluations and associated disability benefits. Compared to differences among their male patient counterparts, female patients randomly assigned a female doctor rather than a male doctor are 5.2 percent more likely to be evaluated as disabled a...