2016

最新文章

• Asymmetric Information and Intermediation Chains AI翻译
  作者：Glode, Vincent; Opp, Christian
  作者单位：University of Pennsylvania
  摘要：We propose a parsimonious model of bilateral trade under asymmetric information to shed light on the prevalence of intermediation chains that stand between buyers and sellers in many decentralized markets. Our model features a classic problem in economics where an agent uses his market power to inefficiently screen a privately informed counterparty. Paradoxically, involving moderately informed intermediaries also endowed with market power can improve trade efficiency. Long intermediation chain...
• The Realization Effect: Risk-Taking after Realized versus Paper Losses AI翻译
  作者：Imas, Alex
  作者单位：Carnegie Mellon University
  摘要：Understanding how prior outcomes affect risk attitudes is critical for the study of choice under uncertainty. A large literature documents the significant influence of prior losses on risk attitudes. The findings appear contradictory: some studies find greater risk-taking after a loss, whereas others show the opposite-that people take on less risk. I reconcile these seemingly inconsistent findings by distinguishing between realized versus paper losses. Using new and existing data, I replicate ...
• The Surprisingly Swift Decline of US Manufacturing Employment AI翻译
  作者：Pierce, Justin R.; Schott, Peter K.
  作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; Yale University; National Bureau of Economic Research
  摘要：This paper links the sharp drop in US manufacturing employment after 2000 to a change in US trade policy that eliminated potential tariff increases on Chinese imports. Industries more exposed to the change experience greater employment loss, increased imports from China, and higher entry by US importers and foreign-owned Chinese exporters. At the plant level, shifts toward less labor-intensive production and exposure to the policy via input-output linkages also contribute to the decline in emp...
• Interpreting Tests of School VAM Validity AI翻译
  作者：Angrist, Joshua; Hull, Peter; Pathak, Parag; Walters, Christopher
  作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; University of California System; University of California Berkeley
• Ethnic Attrition and the Observed Health of Later-Generation Mexican Americans AI翻译
  作者：Antman, Francisca; Duncan, Brian; Trejo, Stephen J.
  作者单位：University of Colorado System; University of Colorado Boulder; University of Colorado System; University of Colorado Denver; University of Texas System; University of Texas Austin
• Beyond Beta-Delta: The Emerging Economics of Personal Plans AI翻译
  作者：Beshears, John; Milkman, Katherine L.; Schwartzstein, Joshua
  作者单位：Harvard University; University of Pennsylvania
• Does the EITC Buffer against Neighborhood Transition? Evidence from Washington, DC AI翻译
  作者：Brown-Robertson, LaTanya; Casey, Marcus; Hardy, Bradley; Muhammad, Daniel
  作者单位：University System of Maryland; Bowie State University; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; American University
• Declining Business Dynamism: What We Know and the Way Forward AI翻译
  作者：Decker, Ryan A.; Haltiwanger, John; Jarmin, Ron S.; Miranda, Javier
  作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; University System of Maryland; University of Maryland College Park
• Converging to American: Healthy Immigrant Effect in Children of Immigrants AI翻译
  作者：Garcia-Perez, Monica
  作者单位：Minnesota State Colleges & Universities; Saint Cloud State University
• Anticipated Banking Panics AI翻译
  作者：Gertler, Mark; Kiyotaki, Nobuhiro; Prestipino, Andrea
  作者单位：New York University; Princeton University; Federal Reserve System - USA; Federal Reserve System Board of Governors