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作者：Peski, Marcin
作者单位：University of Toronto
摘要：Two players bargain over a single indivisible good and a transfer,with one-sided incomplete information about preferences. Both play-ers can offer arbitrary mechanisms to determine the allocation. We show that there is a unique perfect Bayesian equilibrium outcome. In the equilibrium, one of the players proposes a menu that is opti-mal for the uninformed player among all menus, such that each type of the informed player receives at least her payoff under complete information. The optimal menu ...
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作者：Mensch, Jeffrey
作者单位：Hebrew University of Jerusalem
摘要：Information plays a crucial role in mechanism design problems. A potential complication is that buyers may be inattentive, and so their information may endogenously and flexibly depend on the offered mechanism. I show that it is without loss of generality to consider contour mechanisms, which comprise triplets of allocation proba-bilities, prices, and beliefs, and are uniquely determined by a single such point. The mechanism design problem then reduces to Bayesian persuasion along the optimal ...
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作者：Farronato, Chiara; Fradkin, Andrey
作者单位：Harvard University; Centre for Economic Policy Research - UK; National Bureau of Economic Research; Boston University
摘要：We study the welfare effects of enabling peer supply through Airbnb in the accommodation industry. We present a model of competition between flexible and dedicated sellers (peer hosts and hotels) who provide differentiated products. We estimate this model using data from major US cities and quantify the welfare effects of Airbnb on travelers, hosts, and hotels. The welfare gains are concentrated in specific locations (New York) and times (New Year's Eve) when hotel capacity is constrained. Thi...
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作者：Imbert, Clement; Seror, Marlon; Zhang, Yifan; Zylberberg, Yanos
作者单位：University of Warwick; Centre for Economic Policy Research - UK; University of Quebec; University of Quebec Montreal; Chinese University of Hong Kong; University of Bristol; Leibniz Association; Ifo Institut
摘要：How does rural-urban migration shape urban production in devel-oping countries? We use longitudinal data on Chinese manufactur-ing firms between 2000 and 2006, and exploit exogenous variation in rural-urban migration induced by agricultural income shocks for identification. We find that, when immigration increases, man-ufacturing production becomes more labor intensive and produc-tivity declines. We investigate the reorganization of production using patent applications and product information....
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作者：Guvenen, Fatih; Mataloni, Raymond J. Jr Jr; Rassier, Dylan G.; Ruhl, Kim J.
作者单位：University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research; University of Wisconsin System; University of Wisconsin Madison
摘要：We show how offshore profit shifting by US multinational enterprises affects several key measures of the US economy. Profits shifted out of the United States grew rapidly from the mid-1990s to 2010 and have since waned. From 1982-2016, on average,38 percent of income attributed to US direct investment abroad is reattributable to the United States. We find that adjusting for profit shifting shrinks the trade deficit, decreases the return on US foreign direct investment abroad, boosts productivi...
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作者：Card, David
作者单位：University of California System; University of California Berkeley
摘要：I briefly review the emergence of design-based research methods in labor economics in the 1980s and early 1990s. These methods were seen as a partial solution to the problems of credible inference identi-fied by Ashenfelter (1974), Leamer (1978), Hendry (1980), and oth-ers. Designed-based studies typically use a simplified one-equation model of the outcome of interest-in contrast to model-based studies that specify a data generating process for all factors determining the outcome. I discuss s...
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作者：Meager, Rachael
作者单位：University of London; London School Economics & Political Science
摘要：Expanding credit access in developing contexts could help some households while harming others. Microcredit studies show different effects at different quantiles of household profit, including some neg-ative effects; yet these findings also differ across studies. I develop new Bayesian hierarchical models to aggregate the evidence on these distributional effects for mixture-type outcomes such as household profit. Applying them to microcredit, I find a precise zero effect from the fifth to seve...
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作者：Reny, Philip J.
作者单位：University of Chicago
摘要：Stable matchings in school choice needn't be Pareto efficient and can leave thousands of students worse off than necessary. Call a matching mu priority-neutral if no matching can make any student whose priority is violated by mu better off without violating the pri-ority of some student who is made worse off. Call a matching priority-efficient if it is priority-neutral and Pareto efficient. We show that there is a unique priority-efficient matching and that it dom-inates every priority-neutral...
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作者：Sviatschi, Maria Micaela
作者单位：National Bureau of Economic Research
摘要：This paper shows how deportation policies can backfire by dis-seminating not only ideas between countries but also criminal networks, spreading gangs, in this case, across El Salvador, and spurring migration back to the United States. In 1996, the US Illegal Immigration Responsibility Act increased the number of criminal deportations. In particular, the members of large Salvadoran gangs developed in Los Angeles were sent back to El Salvador. Using varia-tion in criminal deportations over time ...
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作者：Nocke, Volker; Whinston, Michael D.
作者单位：University of Mannheim; University of Surrey; Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
摘要：Concentration-based thresholds for horizontal mergers, such as those in the US Horizontal Merger Guidelines, play a central role in merger analysis but their basis remains unclear. We show that there is both a theoretical and an empirical basis for focusing solely on the change in concentration, and ignoring its level, in screening mergers for whether their unilateral price effects will harm consumers. We also argue that current threshold levels likely are too lax, unless one expects efficienc...
