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作者：Beaman, Lori; Magruder, Jeremy
作者单位：Northwestern University; University of California System; University of California Berkeley
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作者：Bronnenberg, Bart J.; Dube, Jean-Pierre H.; Gentzkow, Matthew
作者单位：Tilburg University; University of Chicago
摘要：We study the long-run evolution of brand preferences, using new data on consumers' life histories and purchases of consumer packaged goods. Variation in where consumers have lived in the past allows us to isolate the causal effect of past experiences on current purchases, holding constant contemporaneous supply-side factors. We show that brand preferences form endogenously, are highly persistent, and explain 40 percent of geographic variation in market shares. Counterfactuals suggest that bran...
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作者：Gine, Xavier; Goldberg, Jessica; Yang, Dean
作者单位：The World Bank; University System of Maryland; University of Maryland College Park; University of Michigan System; University of Michigan; University of Michigan System; University of Michigan; National Bureau of Economic Research
摘要：We implemented a randomized field experiment in Malawi examining borrower responses to being fingerprinted when applying for loans. This intervention improved the lender's ability to implement dynamic repayment incentives, allowing it to withhold future loans from past defaulters while rewarding good borrowers with better loan terms. As predicted by a simple model, fingerprinting led to substantially higher repayment rates for borrowers with the highest ex ante default risk, but had no effect ...
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作者：Moscarini, Giuseppe; Postel-Vinay, Fabien
作者单位：Yale University; National Bureau of Economic Research; University of Bristol
摘要：We document a negative correlation, at business cycle frequencies, between the net job creation rate of large employers and the level of aggregate unemployment that is much stronger than for small employers. The differential growth rate of employment between initially large and small employers has an unconditional correlation of -0.5 with the unemployment rate, and varies by about 5 percent over the business cycle. We exploit several datasets from the United States, Denmark, and France, both r...
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作者：Kretschmer, Tobias; Miravete, Eugenio J.; Pernias, Jose C.
作者单位：University of Munich; Leibniz Association; Ifo Institut; University of Texas System; University of Texas Austin; Universitat Jaume I
摘要：Liberalization of the European automobile distribution system in 2002 limits the ability of manufacturers to impose vertical restraints, leading to a substantial increase in competitive pressure among dealers. We estimate an equilibrium model of profit maximization to evaluate how dealers change their innovation adoption strategies following the elimination of exclusive territories. Using French data we evaluate the existence of complementarities between the adoption of software applications a...
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作者：Mueller, Hannes
作者单位：Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE); Barcelona School of Economics
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作者：Acemoglu, Daron; Johnson, Simon; Robinson, James A.
作者单位：Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Harvard University
摘要：Military returns [reports of disease and death] serve to indicate to the restless wanderers of our race the boundaries which neither the pursuit of wealth nor the dreams of ambition should induce them to pass, and to proclaim in forcible language that man, like the elements, is controlled by a Power which hath said, Hither thou shalt come, but no further. - Tulloch, (1847, p. 259)
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作者：Ketcham, Jonathan D.; Lucarelli, Claudio; Miravete, Eugenio J.; Roebuck, M. Christopher
作者单位：Arizona State University; Arizona State University-Tempe; Cornell University; University of Pennsylvania; Universidad de los Andes - Chile; University of Texas System; University of Texas Austin
摘要：Under Medicare Part D, senior citizens choose prescription drug insurance offered by numerous private insurers. We examine nonpoor enrollees' actions in 2006 and 2007 using panel data. Our sample reduced overspending by $298 on average, with gains by 81 percent of them. The greatest improvements were by those who overspent most in 2006 and by those who switched plans. Decisions to switch depended on individuals' overspending in 2006 and on individual-specific effects of changes in their curren...
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作者：Kirchler, Michael; Huber, Juergen; Stoeckl, Thomas
作者单位：University of Innsbruck; University of Gothenburg
摘要：To explore why bubbles frequently emerge in the experimental asset market model of Smith, Suchanek, and Williams (1988), we vary the fundamental value process (constant or declining) and the cash-to-asset value ratio (constant or increasing). We observe high mispricing in treatments with a declining fundamental value, while overvaluation emerges when coupled with an increasing C/A ratio. A questionnaire reveals that the declining fundamental value process confuses subjects, as they expect the ...
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作者：Baliga, Sandeep; Sjoestroem, Tomas
作者单位：Northwestern University; Rutgers University System; Rutgers University New Brunswick
摘要：Two players choose hawkish or dovish actions in a conflict game with incomplete information. An extremist, who can either be a hawk or a dove, attempts to manipulate decision making. If actions are strategic complements, a hawkish extremist increases the likelihood of conflict, and reduces welfare, by sending a public message which triggers hawkish behavior from both players. If actions are strategic substitutes, a dovish extremist instead sends a public message which causes one player to beco...
