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作者：Borra, Cristina; Gonzalez, Libertad; Sevilla, Almudena
作者单位：University of Sevilla; Pompeu Fabra University; Barcelona School of Economics; University of London; Queen Mary University London
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作者：Justiniano, Alejandro; Primiceri, Giorgio E.; Tambalotti, Andrea
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; Northwestern University; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - New York
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作者：Shiller, Robert J.
作者单位：Yale University
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作者：Chetty, Raj; Hendren, Nathaniel; Katz, Lawrence F.
作者单位：Stanford University; Harvard University; National Bureau of Economic Research
摘要：The Moving to Opportunity (MTO) experiment offered randomly selected families housing vouchers to move from high-poverty housing projects to lower-poverty neighborhoods. We analyze MTO's impacts on children's long-term outcomes using tax data. We find that moving to a lower-poverty neighborhood when young (before age 13) increases college attendance and earnings and reduces single parenthood rates. Moving as an adolescent has slightly negative impacts, perhaps because of disruption effects. Th...
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作者：Colt, Stephen G.; Knapp, Gunnar P.
作者单位：University of Alaska System; University of Alaska Anchorage
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作者：Emerson, Tisha L. N.; English, Linda
作者单位：Baylor University
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作者：Schneider, Henry S.
作者单位：Cornell University
摘要：The prices of auctions on eBay often exceed eBay's fixed-price BuyIt-Now prices. I investigate the causes of this overbidding, focusing on the interpretation in Malmendier and Lee (2011) that the observed overbidding cannot be explained without allowing for nonstandard preferences or beliefs and that the strongest direct evidence points to limited attention. Using data from their study and new data from eBay, I provide evidence that a key condition for identifying nonstandard behavior may not...
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作者：Brock, J. Michelle; Lange, Andreas; Ozbay, Erkut Y.
作者单位：European Bank of Reconstructon & Development; University of Hamburg; University System of Maryland; University of Maryland College Park
摘要：In Brock, Lange, and Ozbay (2013), we experimentally investigate social preferences under risk. One of our conclusions is that a social preference model incorporating both ex ante and ex post fairness concerns may best describe behavior. Krawczyk and Le Lec (2016) argue that ex ante comparisons alone may account for our data. We address their points in this reply.
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作者：Angeletos, George-Marios; Iovino, Luigi; La'O, Jennifer
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Bocconi University; Bocconi University; Columbia University
摘要：Does welfare improve when firms are better informed about the state of the economy and can thus better coordinate their production and pricing decisions? We address this question in an elementary business-cycle model that highlights how the dispersion of information can impede both kinds of decisions and, in this sense, be the source of both real and nominal rigidity. Within this context we develop a taxonomy for how the social value of information depends on the two rigidities, on the sources...
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作者：Gaynor, Martin; Propper, Carol; Seiler, Stephan
作者单位：Carnegie Mellon University; University of Bristol; National Bureau of Economic Research; Imperial College London; Centre for Economic Policy Research - UK; Stanford University
摘要：Choice in public services is controversial. We exploit a reform in the English National Health Service to assess the effect of removing constraints on patient choice. We estimate a demand model that explicitly captures the removal of the choice constraints imposed on patients. We find that, post-removal, patients became more responsive to clinical quality. This led to a modest reduction in mortality and a substantial increase in patient welfare. The elasticity of demand faced by hospitals incr...
