2016

最新文章

• The Caloric Costs of Culture: Evidence from Indian Migrants AI翻译
  作者：Atkin, David
  作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
  摘要：Anthropologists have documented substantial and persistent differences in food preferences across social groups. My paper asks whether such food cultures can constrain caloric intake? I first document that interstate migrants within India consume fewer calories per rupee of food expenditure compared to their neighbors. Second, I show that migrants bring their origin-state food preferences with them. Third, I link these findings by showing that the gap in caloric intake between locals and migra...
• Group Strategy-Proofness in Private Good Economies AI翻译
  作者：Barbera, Salvador; Berga, Dolors; Moreno, Bernardo
  作者单位：Autonomous University of Barcelona; Barcelona School of Economics; Universitat de Girona
  摘要：Many salient rules to allocate private goods are not only strategy-proof, but also group strategy-proof, in appropriate domains of definition, hence diminishing the traditional conflict between incentives and efficiency. That is so for solutions to matching, division, cost sharing, house allocation, and auctions, in spite of the substantive disparity between these cases. In a general framework encompassing all of them, we prove that the equivalence between the two forms of strategy-proofness i...
• On the Timing and Pricing of Dividends: Reply AI翻译
  作者：van Binsbergen, Jules H.; Koijen, Ralph S. J.
  作者单位：University of Pennsylvania; University of London; London Business School
  摘要：Schulz (2016) replicates the findings of van Binsbergen, Brandt, and Koijen (2012)-henceforth, BBK-and agrees that the average pretax returns on short-term dividend strips are higher than those of the index, but argues that the after-tax returns are not. He thus provides a possible economic interpretation of the results in BBK: taxes. Schulz (2016) estimates the differential tax rates of dividends versus capital gains from ex-dividend day returns. We show that these estimated tax rates are sus...
• Perceiving Prospects Properly AI翻译
  作者：Steiner, Jakub; Stewart, Colin
  作者单位：Charles University Prague; Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; University of Edinburgh; University of Toronto
  摘要：When an agent chooses between prospects, noise in information processing generates an effect akin to the winner's curse. Statistically unbiased perception systematically overvalues the chosen action because it fails to account for the possibility that noise is responsible for making the preferred action appear to be optimal. The optimal perception pattern exhibits a key feature of prospect theory, namely, overweighting of small probability events (and corresponding underweighting of high proba...
• Playing the Boys Game: Golf Buddies and Board Diversity AI翻译
  作者：Agarwal, Sumit; Qian, Wenlan; Reeb, David M.; Sing, Tien Foo
  作者单位：National University of Singapore; National University of Singapore
• HIV/AIDS and Development: A Reappraisal of the Productivity and Factor Accumulation Effects AI翻译
  作者：Azomahou, Theophile T.; Boucekkine, Raouf; Diene, Bity
  作者单位：Maastricht University; Centre National de la Recherche Scientifique (CNRS); Aix-Marseille Universite; Aix-Marseille Universite
• Information Design, Bayesian Persuasion, and Bayes Correlated Equilibrium AI翻译
  作者：Bergemann, Dirk; Morris, Stephen
  作者单位：Yale University; Princeton University
• Dealing with Long-Term Deficits AI翻译
  作者：Feldstein, Martin
  作者单位：Harvard University; National Bureau of Economic Research
• Firm-Level Dispersion in Productivity: Is the Devil in the Details? AI翻译
  作者：Foster, Lucia; Grim, Cheryl; Haltiwanger, John; Wolf, Zoltan
  作者单位：University System of Maryland; University of Maryland College Park
• Copyright Infringement in the Market for Digital Images AI翻译
  作者：Luo, Hong; Mortimer, Julie Holland
  作者单位：Harvard University; Boston College; National Bureau of Economic Research