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作者：Romero, Mauricio; Sandefur, Justin; Sandholtz, Wayne Aaron
作者单位：Instituto Tecnologico Autonomo de Mexico; University of California System; University of California San Diego
摘要：In 2016, the Liberian government delegated management of 93 randomly selected public schools to private providers. Providers received US$50 per pupil, on top of US$50 per pupil annual expenditure in control schools. After one academic year, students in out-sourced schools scored 0.18s higher in English and mathematics. We do not find heterogeneity in learning gains or enrollment by student characteristics, but there is significant heterogeneity across providers. While outsourcing appears to be...
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作者：Gregg, Amanda G.
作者单位：Middlebury College
摘要：In Imperial Russia, incorporation required an expensive special concession, yet over 4,000 Russian firms incorporated before 1914. I identify the characteristics of incorporating firms and measure the productivity gains and growth in machine power enjoyed by corporations using newly-constructed factory-level panel data compiled from Russian factory censuses. Factories owned by corporations were larger, more productive, and more mechanized than unincorporated factories. Higher productivity fact...
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作者：Ichihashi, Shota
作者单位：Bank of Canada
摘要：I study the welfare and price implications of consumer privacy. A consumer discloses information to a multiproduct seller, which learns about his preferences, sets prices, and makes product recommendations. Although the consumer benefits from accurate recommendations, the seller may use the information to price discriminate. I show that the seller prefers to commit to not use information for pricing in order to encourage information disclosure. However, this commitment hurts the consumer, who ...
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作者：Ambrus, Attila; Field, Erica; Gonzalez, Robert
作者单位：Duke University; University of South Carolina System; University of South Carolina Columbia
摘要：How do geographically concentrated income shocks influence the long-run spatial distribution of poverty within a city? We examine the impact on housing prices of a cholera epidemic in one neighborhood of nineteenth century London. Ten years after the epidemic, housing prices are significantly lower just inside the catchment area of the water pump that transmitted the disease. Moreover, differences in housing prices persist over the following 160 years. We make sense of these patterns by buildi...
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作者：Bahel, Eric; Sprumont, Yves
作者单位：Virginia Polytechnic Institute & State University; Universite de Montreal; Universite de Montreal
摘要：We model uncertain social prospects as acts mapping states of nature to (social) outcomes. A social choice function (or SCF) assigns an act to each profile of subjective expected utility preferences over acts. An SCF is strategyproof if no agent ever has an incentive to misrepresent her beliefs about the states of nature or her valuation of the outcomes. It is unanimous if it picks the feasible act that all agents find best whenever such an act exists. We offer a characterization of the class ...
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作者：Zimmermann, Florian
作者单位：University of Bonn; Leibniz Association; Ifo Institut; IZA Institute Labor Economics
摘要：A key question in the literature on motivated reasoning and self-deception is how motivated beliefs are sustained in the presence of feedback. In this paper, we explore dynamic motivated belief-patterns after feedback. We establish that positive-feedback has a persistent effect on beliefs. Negative feedback, instead, influences beliefs in the short run, but this effect fades over time. We-investigate the mechanisms of this dynamic pattern, and provide evidence for an asymmetry in the recall of...
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作者：Daley, Brendan; Green, Brett
作者单位：Johns Hopkins University; Johns Hopkins Medicine; Washington University (WUSTL)
摘要：We study a bargaining model in which a buyer makes frequent offers to a privately informed seller, while gradually learning about the seller's type from news. We show that the buyer's ability to leverage this information to extract more surplus from the seller is remarkably limited. In fact, the buyer gains nothing from the ability to negotiate a better price despite the fact that a negotiation must take place in equilibrium. During the negotiation, the buyer engages in a form of costly experi...
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作者：Huo, Zhen; Pedroni, Marcelo
作者单位：Yale University; University of Amsterdam
摘要：We show that the equilibrium policy rule in beauty contest models is equivalent to that of a single agent's forecast of the economic fundamental. This forecast is conditional on a modified information process, which simply discounts the precision of idiosyncratic shocks by the degree of strategic complementarity. The result holds for any linear Gaussian signal process (static or persistent, stationary or nonstationary, exogenous or endogenous), and also extends to network games. Theoretically,...
