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作者：Halac, Marina; Prat, Andrea
作者单位：Columbia University; University of Warwick; Columbia University; Columbia University
摘要：We present a novel theory of the employment relationship. A manager can invest in attention technology to recognize good worker performance. The technology may break and is costly to replace. We show that as time passes without recognition, the worker's belief about the manager's technology worsens and his effort declines. The manager responds by investing, but this investment is insufficient to stop the decline in effort and eventually becomes decreasing. The relationship therefore continues ...
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作者：Kee, Hiau Looi; Tang, Heiwai
作者单位：The World Bank; Johns Hopkins University
摘要：China has defied the declining trend in domestic content in exports in many countries. This paper studies China's rising domestic content in exports using firm- and customs transaction-level data. The approach embraces firm heterogeneity and hence reduces aggregation bias. The study finds that the substitution of domestic for imported materials by individual processing exporters caused China's domestic content in exports to increase from 65 to 70 percent in the period 2000-2007. Such substitut...
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作者：Goldstein, Itay; Huang, Chong
作者单位：University of Pennsylvania; University of California System; University of California Irvine
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作者：Kleiner, Morris M.
作者单位：University of Minnesota System; University of Minnesota Twin Cities
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作者：Lemley, Mark A.; Feldman, Robin
作者单位：Stanford University
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作者：Moscarini, Giuseppe; Postel-Vinay, Fabien
作者单位：Yale University; National Bureau of Economic Research; University of London; University College London
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作者：Eliaz, Kfir; Spiegler, Ran
作者单位：Tel Aviv University; University of Michigan System; University of Michigan; University of London; University College London
摘要：We study decentralized mechanisms for allocating firms into search pools. The pools are created in response to noisy preference signals provided by consumers, who then browse the pools via costly random sequential search. Surplus-maximizing search pools are implementable in symmetric Nash equilibrium. Full extraction of the maximal surplus is implementable if and only if the distribution of consumer types satisfies a set of simple inequalities, which involve the relative fractions of consumers...
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作者：Bianchi, Javier
摘要：We develop a quantitative equilibrium model of financial crises to assess the interaction between ex post interventions in credit markets and the buildup of risk ex ante. During a systemic crisis, bailouts relax balance sheet constraints and mitigate the severity of the recession. Ex ante, the anticipation of such bailouts leads to an increase in risk-taking, making the economy more vulnerable to a financial crisis. We find that moral hazard effects are limited if bailouts are systemic and bro...
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作者：Ramondo, Natalia; Rodriguez-Clare, Andres; Saborio-Rodriguez, Milagro
作者单位：University of California System; University of California San Diego; National Bureau of Economic Research; University of California System; University of California Berkeley; Universidad Costa Rica
摘要：Because of scale effects, idea-based growth models imply that larger countries should be much richer than smaller ones. New trade models share the same counterfactual feature. In fact, new trade models exhibit other counterfactual implications associated with scale effects: import shares decrease and relative income levels increase too steeply with country size. We argue that these implications are largely a result of the standard assumption that countries are fully integrated domestically. We...
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作者：Serrato, Juan Carlos Suarez; Zidar, Owen
作者单位：Duke University; National Bureau of Economic Research; University of Chicago
摘要：This paper estimates the incidence of state corporate taxes on the welfare of workers, landowners, and firm owners using variation in state corporate tax rates and apportionment rules. We develop a spatial equilibrium model with imperfectly mobile firms and workers. Firm owners may earn profits and be inframarginal in their location choices due to differences in - location-specific productivities. We use the - reduced-form effects of tax changes to identify and estimate incidence as well as th...
