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作者：Cruz, Cesi; Labonne, Julien; Querubin, Pablo
作者单位：University of British Columbia; University of Oxford; New York University
摘要：We demonstrate the importance of politician social networks for electoral outcomes. Using large-scale data on family networks from over 20 million individuals in 15,000 villages in the Philippines, we show that candidates for public office are disproportionately drawn from more central families and family network centrality contributes to higher vote shares during the elections. Consistent with our theory of political intermediation, we present evidence that family network centrality facilitat...
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作者：Belenzon, Sharon; Chatterji, Aaron K.; Daley, Brendan
作者单位：Duke University
摘要：We demonstrate that eponymy-firms being named after their owners-is linked to superior firm performance, but is relatively uncommon (about 19 percent of firms in our data). We propose an explanation based on eponymy creating an association between the entrepreneur and her firm that increases the reputational benefits/costs of successful/unsuccessful outcomes. We develop a corresponding signaling model, which further predicts that these effects will be stronger for entrepreneurs with rarer name...
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作者：Bosshardt, William; Walstad, William B.
作者单位：State University System of Florida; Florida Atlantic University; University of Nebraska System; University of Nebraska Lincoln
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作者：Mathew, Sarah
作者单位：Arizona State University; Arizona State University-Tempe
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作者：Missirian, Anouch; Schlenker, Wolfram
作者单位：Columbia University; National Bureau of Economic Research
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作者：Mueller, Holger M.; Ouimet, Paige P.; Simintzi, Elena
作者单位：New York University; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; European Corporate Governance Institute; University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine; University of British Columbia
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作者：Eden, Maya
作者单位：The World Bank
摘要：Decreasing returns at the macro level are an outcome of efficiency at the micro level. When inputs are scarce, an efficient economy carries out only the most productive projects; when inputs are abundant, the economy implements less productive projects as well. This link between decreasing returns and efficiency suggests that mis-allocation can reduce the extent of aggregate decreasing returns. I formalize this connection and establish two main results: (i) mis-allocation amplifies the volatil...
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作者：Abdulkadiroglu, Atila; Agarwal, Nikhil; Pathak, Parag A.
作者单位：Duke University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
摘要：Coordinated single-offer school assignment systems are a popular education reform. We show that uncoordinated offers in NYC's school assignment mechanism generated mismatches. One-third of applicants were unassigned after the main round and later administratively placed at less desirable schools. We evaluate the effects of the new coordinated mechanism based on deferred acceptance using estimated student preferences. The new mechanism achieves 80 percent of the possible gains from a no-choice ...
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作者：Cravino, Javier; Levchenko, Andrei A.
作者单位：University of Michigan System; University of Michigan; National Bureau of Economic Research; Centre for Economic Policy Research - UK
摘要：We study the impact of large exchange rate devaluations on the cost of living at different points on the income distribution. Poor households spend relatively more on tradeable product categories and consume lower-priced varieties within categories. Changes in the relative price of tradeables and of lower-priced varieties affect the cost of living of low-income relative to high-income households. We quantify these effects following the 1994 Mexican devaluation and show that they can have large...
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作者：Gagnon, Etienne; Lopez-Salido, David; Sockin, Jason
作者单位：Federal Reserve System - USA; University of Pennsylvania
摘要：Coibion, Gorodnichenko, and Hong (2015) argue that the CPI underestimates the deceleration in consumer prices during economic downturns because the index fails to account for the reallocation of consumer spending from high-price to low-price stores. We show that their conclusion hinges on some nonstandard methodological choices, including an aggressive censoring of price adjustments and a treatment for missing observations that can leave out some of the price variation. Under our preferred met...
