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作者：Seim, Katja; Waldfogel, Joel
作者单位：University of Pennsylvania; University of Minnesota System; University of Minnesota Twin Cities
摘要：We estimate a spatial model of liquor demand to analyze the impact of government-controlled retailing on entry patterns. In the absence of the Pennsylvania Liquor Control Board, the state would have roughly 2.5 times the current number of stores, higher consumer surplus, and lower payments to liquor store employees. With just over half the number of stores that would maximize welfare, the government system is instead best rationalized as profit maximization with profit sharing. Government oper...
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作者：Busso, Matias; Gregory, Jesse; Kline, Patrick
作者单位：Inter-American Development Bank; University of Wisconsin System; University of Wisconsin Madison; University of California System; University of California Berkeley
摘要：This paper empirically assesses the incidence and efficiency of Round I of the federal urban Empowerment Zone (EZ) program using confidential microdata from the Decennial Census and the Longitudinal Business Database. Using rejected and future applicants to the EZ program as controls, we find that EZ designation substantially increased employment in zone neighborhoods and generated wage increases for local workers without corresponding increases in population or the local cost of living. The r...
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作者：Oster, Emily; Shoulson, Ira; Dorsey, E. Ray
作者单位：University of Chicago; National Bureau of Economic Research; Georgetown University; Johns Hopkins University
摘要：We use novel data to study genetic testing among individuals at risk for Huntington disease (HD), a hereditary disease with limited life expectancy. Although genetic testing is perfectly predictive and carries little economic cost, presymptomatic testing is rare. Testing rates increase with increases in ex ante risk of having HD. Untested individuals express optimistic beliefs about their health and make decisions (e. g., retirement) as if they do not have HD, even though individuals with conf...
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作者：Lagakos, David; Waugh, Michael E.
作者单位：Arizona State University; Arizona State University-Tempe; New York University
摘要：Cross-country labor productivity differences are larger in agriculture than in non-agriculture. We propose a new explanation for these patterns in which the self-selection of heterogeneous workers determines sector productivity. We formalize our theory in a general-equilibrium Roy model in which preferences feature a subsistence food requirement. In the model, subsistence requirements induce workers that are relatively unproductive at agricultural work to nonetheless select into the agricultur...
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作者：Name-Correa, Alvaro J.; Yildirim, Huseyin
作者单位：Duke University
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作者：Kubler, Felix; Selden, Larry; Wei, Xiao
作者单位：University of Zurich; Columbia University; University of Pennsylvania; University of Pennsylvania
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作者：Fryer, Roland G., Jr.; Levitt, Steven D.
作者单位：Harvard University; University of Chicago
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作者：Berger, Daniel; Easterly, William; Nunn, Nathan; Satyanath, Shanker
作者单位：University of Essex; New York University; Harvard University; New York University
摘要：We provide evidence that increased political influence, arising from CIA interventions during the Cold War, was used to create a larger foreign market for American products. Following CIA interventions, imports from the US increased dramatically, while total exports to the US were unaffected. The surge in imports was concentrated in industries in which the US had a comparative disadvantage, not a comparative advantage. Our analysis is able to rule out decreased trade costs, changing political ...
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作者：He, Zhiguo; Krishnamurthy, Arvind
作者单位：University of Chicago; National Bureau of Economic Research; Northwestern University
摘要：We model the dynamics of risk premia during crises in asset markets where the marginal investor is a financial intermediary. Intermediaries face an equity capital constraint. Risk premia rise when the constraint binds, reflecting the capital scarcity. The calibrated model matches the nonlinearity of risk premia during crises and the speed of reversion in risk premia from a crisis back to precrisis levels. We evaluate the effect of three government policies: reducing intermediaries borrowing co...
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作者：Kawai, Kei; Watanabe, Yasutora
作者单位：New York University; Northwestern University
摘要：We estimate a model of strategic voting and quantify the impact it has on election outcomes. Because the model exhibits multiplicity of outcomes, we adopt a set estimator. Using Japanese general-election data, we find a large fraction (63.4 percent, 84.9 percent) of strategic voters, only a small fraction (1.4 percent, 4.2 percent) of whom voted for a candidate other than the one they most preferred (misaligned voting). Existing empirical literature has not distinguished between the two, estim...
