2016

最新文章

• Intertemporal Price Discrimination: Dynamic Arrivals and Changing Values AI翻译
  作者：Garrett, Daniel F.
  作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
  摘要：We study the profit-maximizing price path of a monopolist selling a durable good to buyers who arrive over time and whose values for the good evolve stochastically. The setting is completely stationary with an infinite horizon. Contrary to the case with constant values, optimal prices fluctuate with time. We argue that consumers' randomly changing values offer an explanation for temporary price reductions that are often observed in practice.
• Endogenous Entry to - Security-Bid Auctions AI翻译
  作者：Sogo, Takeharu; Bernhardt, Dan; Liu, Tingjun
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Warwick; University of Hong Kong; Renmin University of China
  摘要：We endogenize entry to a security-bid auction, where participation is costly and bidders must decide given their private valuations whether to participate. We first consider any minimum reserve security-bid of a fixed expected value that weakly exceeds the asset's value when retained by the seller. DeMarzo, Kremer, and Skrzypacz (2005) establish that with a fixed number of bidders, auctions with steeper securities yield the seller more revenues. Counterintuitively, we find that auctions with s...
• Network Structure and the Aggregation of Information: Theory and Evidence from Indonesia AI翻译
  作者：Alatas, Vivi; Banerjee, Abhijit; Chandrasekhar, Arun G.; Hanna, Rema; Olken, Benjamin A.
  作者单位：The World Bank; Massachusetts Institute of Technology (MIT); Stanford University; Harvard University
  摘要：We use unique data from over 600 Indonesian communities on what individuals know about the poverty status of others to study how network structure influences information aggregation. We develop a model of semi-Bayesian learning on networks, which we structurally estimate using within-village data. The model generates qualitative predictions about how cross-village patterns of learning relate to network structure, which we show are borne out in the data. We apply our findings to a community-bas...
• Behavioral Economics: Past, Present, and Future AI翻译
  作者：Thaler, Richard H.
  作者单位：University of Chicago
• Popular Attitudes toward Markets and Democracy: Russia and United States Compared 25 Years Later AI翻译
  作者：Boycko, Maxim; Shiller, Robert J.
  作者单位：Harvard University; Boston University; Yale University
• Childhood Environment and Gender Gaps in Adulthood AI翻译
  作者：Chetty, Raj; Hendren, Nathaniel; Lin, Frina; Majerovitz, Jeremy; Scuderi, Benjamin
  作者单位：Stanford University; Harvard University; Stanford University; Harvard University
• Refugees, Asylum Seekers, and Policy in Oecd Countries AI翻译
  作者：Hatton, Timothy J.
  作者单位：University of Essex
• How Do Electricity Shortages Affect Industry? Evidence from India AI翻译
  作者：Allcott, Hunt; Collard-Wexler, Allan; O'Connell, Stephen D.
  作者单位：New York University; National Bureau of Economic Research; Duke University; City University of New York (CUNY) System
  摘要：We estimate the effects of electricity shortages on Indian manufacturers, instrumenting with supply shifts from hydroelectric power availability. We estimate that India's average reported level of shortages reduces the average plant's revenues and producer surplus by 5 to 10 percent, but average productivity losses are significantly smaller because most inputs can be stored during outages. Shortages distort the plant size distribution, as there are significant economies of scale in generator c...
• Crowdsourcing City Government: Using Tournaments to Improve Inspection Accuracy AI翻译
  作者：Glaeser, Edward L.; Hillis, Andrew; Kominers, Scott Duke; Luca, Michael
  作者单位：Harvard University; Harvard University; National Bureau of Economic Research; Harvard University; Harvard University; Harvard University; Harvard University
• Patent Quality and Examination in Europe AI翻译
  作者：Harhoff, Dietmar