2012

最新文章

• Spatial Differentiation and Vertical Mergers in Retail Markets for Gasoline AI翻译
  作者：Houde, Jean-Francois
  作者单位：University of Pennsylvania
  摘要：This paper studies an empirical model of spatial competition applied to gasoline markets. The main feature is to specify commuting paths as the locations'' of consumers in a Hotelling-style model. As a result, spatial differentiation depends in an intuitive way on the structure of the road network and the direction of traffic flows. The model is estimated using panel data on the Quebec City gasoline market and used to evaluate the consequences of a recent vertical merger. Difference-in-differe...
• The Value of Information in the Court: Get it Right, Keep it Tight AI翻译
  作者：Iaryczower, Matias; Shum, Matthew
  作者单位：Princeton University; California Institute of Technology
  摘要：We estimate an equilibrium model of decision making in the US Supreme Court that takes into account both private information and ideological differences between justices. We measure the value of information in the court by the probability that a justice votes differently from how she would have voted without case-specific information. Our results suggest a sizable value of information: in 44 percent of cases, justices' initial leanings are changed by their personal assessments of the case. Our...
• Disaster Risk and Business Cycles AI翻译
  作者：Gourio, Francois
  作者单位：Boston University; National Bureau of Economic Research
  摘要：Motivated by the evidence that risk premia are large and countercyclical, this paper studies a tractable real business cycle model with a small risk of economic disaster, such as the Great Depression. An increase in disaster risk leads to a decline of employment, output, investment, stock prices, and interest rates, and an increase in the expected return on risky assets. The model matches well data on quantities, asset prices, and particularly the relations between quantities and prices, sugge...
• Understanding Bubbly Episodes AI翻译
  作者：Carvalho, Vasco M.; Martin, Alberto; Ventura, Jaume
• The Impact of the Massachusetts Health Care Reform on Health Care Use Among Children AI翻译
  作者：Miller, Sarah
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign
• The Long-Term Effects of UI Extensions on Employment AI翻译
  作者：Schmieder, Johannes F.; von Wachter, Till; Bender, Stefan
  作者单位：Boston University; Columbia University
• A Structural Analysis of Disappointment Aversion in a Real Effort Competition AI翻译
  作者：Gill, David; Prowse, Victoria
  作者单位：University of Oxford; Cornell University
  摘要：We develop a novel computerized real effort task, based on moving sliders across a screen, to test experimentally whether agents are disappointment averse when they compete in a real effort sequential-move tournament. We predict that a disappointment averse agent, who is loss averse around her endogenous choice-acclimating expectations-based reference point, responds negatively to her rival's effort. We find significant evidence for this discouragement effect, and use the Method of Simulated M...
• The Currency of Reciprocity: Gift Exchange in the Workplace AI翻译
  作者：Kube, Sebastian; Marechal, Michel Andre; Puppe, Clemens
  作者单位：University of Bonn; University of Zurich; Helmholtz Association; Karlsruhe Institute of Technology
• International Shock Transmission after the Lehman Brothers Collapse: Evidence from Syndicated Lending AI翻译
  作者：De Haas, Ralph; Van Horen, Neeltje
  作者单位：European Bank of Reconstructon & Development; European Central Bank; De Nederlandsche Bank NV
• The Employment of Low-Skilled Immigrant Men in the United States AI翻译
  作者：Duncan, Brian; Trejo, Stephen J.
  作者单位：University of Colorado System; University of Colorado Denver; University of Texas System; University of Texas Austin