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作者：Juhn, Chinhui; McCue, Kristin
作者单位：University of Houston System; University of Houston
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作者：Schilbach, Frank; Schofield, Heather; Mullainathan, Sendhil
作者单位：Massachusetts Institute of Technology (MIT); University of Pennsylvania; University of Pennsylvania; Harvard University
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作者：Head, Allen; Lloyd-Ellis, Huw; Sun, Hongfei
作者单位：Queens University - Canada
摘要：In the course of our ongoing research, we have discovered two substantive errors in this article. These mistakes do not affect significantly either the qualitative nature of the results or any of the principal conclusions stated in the paper. They do, however, affect the specific quantitative results. One error affects the empirical findings presented primarily in Section I and the online Appendix. The other involves the calculation of sales of existing houses in artificial data generated by t...
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作者：Bonatti, Alessandro; Rantakari, Heikki
作者单位：Massachusetts Institute of Technology (MIT); University of Rochester
摘要：An organization must select among competing projects that differ in their payoff consequences for its members. Each agent chooses a project and exerts effort affecting its completion time. When one or more projects are complete, the agents select which one to adopt. The selection rule for multiple projects that maximizes ex post welfare leads to inefficiently high polarization; rules that favor later proposals improve upon ex post optimal selections. The optimal degree of favoritism increases ...
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作者：Eaton, Jonathan; Kortum, Samuel; Neiman, Brent; Romalis, John
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; National Bureau of Economic Research; Yale University; University of Chicago; University of Sydney
摘要：We develop a dynamic multicountry general equilibrium model to investigate forces acting on the global economy during the Great Recession and ensuing recovery. Our multisector framework accounts completely for countries' trade, investment, production, and GDPs in terms of different sets of shocks. Applying the model to 21 countries, we investigate the 29 percent drop in world trade in manufactures during the period 2008-2009. A shift in final spending away from tradable sectors, largely caused...
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作者：Cramer, Judd; Krueger, Alan B.
作者单位：Princeton University
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作者：Gorbachev, Olga
作者单位：University of Delaware
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作者：Sachs, Jeffrey D.
作者单位：Columbia University
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作者：Diamond, Rebecca
作者单位：Stanford University
摘要：From 1980 to 2000, the rise in the US college/high school graduate wage gap coincided with increased geographic sorting as college graduates concentrated in high wage, high rent cities. This paper estimates a structural spatial equilibrium model to determine causes and welfare consequences of this increased skill sorting. While local labor demand changes fundamentally caused the increased skill sorting, it was further fueled by endogenous increases in amenities within higher skill cities. Chan...
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作者：Krawczyk, Michal; Le Lec, Fabrice
作者单位：University of Warsaw; heSam Universite; Universite Pantheon-Sorbonne
摘要：Based on experimental dictator games with probabilistic prospects, Brock, Lange, and Ozbay (2013) conclude that neither ex post nor ex ante comparisons can fully account for observed behavior. We argue that their conclusion that ex ante comparisons cannot explain the data is at best weakly supported by their results, and do so on three grounds: (i) the absence of significant differences between the most relevant treatments, (ii) the implicit assumption of subjects' risk neutrality, and (iii) t...
