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作者：Barelli, Paulo; Govindan, Srihari; Wilson, Robert
作者单位：University of Rochester; Stanford University
摘要：We define the class of two-player zero-sum games with payoffs having mild discontinuities, which in applications typically stem from how ties are resolved. For such games, we establish sufficient conditions for existence of a value of the game, maximin and minimax strategies for the players, and a Nash equilibrium. If all discontinuities favor one player, then a value exists and that player has a maximin strategy. A property called payoff approachability implies existence of an equilibrium, an...
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作者：Meyersson, Erik
作者单位：Stockholm School of Economics
摘要：Does Islamic political control affect women's empowerment? Several countries have recently experienced Islamic parties coming to power through democratic elections. Due to strong support among religious conservatives, constituencies with Islamic rule often tend to exhibit poor women's rights. Whether this reflects a causal relationship or a spurious one has so far gone unexplored. I provide the first piece of evidence using a new and unique data set of Turkish municipalities. In 1994, an Islam...
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作者：Gentry, Matthew; Li, Tong
作者单位：University of London; London School Economics & Political Science; Vanderbilt University
摘要：This paper considers nonparametric identification of a two-stage entry and bidding game we call the Affiliated-Signal (AS) model. This model assumes that potential bidders have private values, observe signals of their values prior to entry, and then choose whether to undertake a costly entry process, but imposes only minimal structure on the relationship between signals and values. It thereby nests a wide range of entry processes, including in particular the Samuelson (1985) and Levin and Smit...
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作者：Dupas, Pascaline
作者单位：Stanford University
摘要：Short-run subsidies for health products are common in poor countries. How do they affect long-run adoption? A common fear among development practitioners is that one-off subsidies may negatively affect long-run adoption through reference-dependence: People might anchor around the subsidized price and be unwilling to pay more for the product later. But for experience goods, one-off subsidies could also boost long-run adoption through learning. This paper uses data from a two-stage randomized pr...
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作者：Azrieli, Yaron
作者单位：University System of Ohio; Ohio State University
摘要：Say that one information structure is eventually Blackwell sufficient for another if, for every large enough n, an n-sample from the first is Blackwell sufficient (Blackwell (1951, 1954)) for an n-sample from the second. This note shows that eventual Blackwell sufficiency lies strictly between (one-shot) Blackwell sufficiency and the ordering of information structures formulated by Moscarini and Smith (2002), and thus offers a new criterion for comparing experiments. A characterization of even...
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作者：Golosov, Mikhail; Hassler, John; Krusell, Per; Tsyvinski, Aleh
作者单位：Princeton University; Stockholm University; Yale University
摘要：We analyze a dynamic stochastic general-equilibrium (DSGE) model with an externalitythrough climate changefrom using fossil energy. Our central result is a simple formula for the marginal externality damage of emissions (or, equivalently, for the optimal carbon tax). This formula, which holds under quite plausible assumptions, reveals that the damage is proportional to current GDP, with the proportion depending only on three factors: (i) discounting, (ii) the expected damage elasticity (how ma...
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作者：Shin, Hyun Song
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作者：Acemoglu, Daron; Hansen, Lars Peter; Jackson, Matthew O.; Jehiel, Philippe; Robin, Jean-Marc; Sobel, Joel; Tamer, Elie
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作者：Mailath, George J.; Matzkin, Rosa L.
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作者：Alvarez, Fernando; Lippi, Francesco
作者单位：University of Chicago; University of Sassari
摘要：We model the decisions of a multiproduct firm that faces a fixed menu cost: once it is paid, the firm can adjust the price of all its products. We characterize analytically the steady state firm's decisions in terms of the structural parameters: the variability of the flexible prices, the curvature of the profit function, the size of the menu cost, and the number of products sold. We provide expressions for the steady state frequency of adjustment, the hazard rate of price adjustments, and the...
