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作者：Carlsson, Mikael; Skans, Oskar Nordstrom
作者单位：Sveriges Riksbank
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作者：Abbe, Emmanuel A.; Khandani, Amir E.; Lo, Andrew W.
作者单位：Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne; Massachusetts Institute of Technology (MIT)
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作者：Joskow, Paul L.; Wolfram, Catherine D.
作者单位：University of California System; University of California Berkeley
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作者：Simcoe, Timothy
作者单位：Boston University; National Bureau of Economic Research
摘要：Voluntary Standard Setting Organizations (SSOs) use a consensus process to create new compatibility standards. Practitioners have suggested that SSOs are increasingly politicized and perhaps incapable of producing timely standards. This article develops a simple model of standard setting committees and tests its predictions using data from the Internet Engineering Task Force, an SSO that produces many of the standards used to run the Internet. The results show that an observed slowdown in stan...
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作者：Rahman, David
作者单位：University of Minnesota System; University of Minnesota Twin Cities
摘要：Suppose that providing incentives for a group of individuals in a strategic context requires a monitor to detect their deviations. What about the monitor's deviations? To address this question, I propose a contract that makes the monitor responsible for monitoring, and thereby provides incentives even when the monitor's observations are not only private, but costly, too. I also characterize exactly when such a contract can provide monitors with the right incentives to perform. In doing so, I e...
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作者：Hornbeck, Richard
作者单位：Harvard University; National Bureau of Economic Research
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作者：Dinlersoz, Emin M.; Yorukoglu, Mehmet
作者单位：Central Bank of the Republic of Turkey
摘要：This paper develops a model of industry dynamics where firms compete to acquire customers over time by disseminating information about themselves in the presence of random shocks to their efficiency. The properties of the model's stationary equilibrium are related to empirical regularities on firm and industry dynamics. As an application of the model, the effects of a decline in the cost of information dissemination on firm and industry dynamics are explored. (JEL D11, D83, L11, L81, M37)
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作者：Henderson, J. Vernon; Storeygard, Adam; Weil, David N.
作者单位：Brown University; National Bureau of Economic Research
摘要：We develop a statistical framework to use satellite data on night lights to augment official income growth measures. For countries with poor national income accounts, the optimal estimate of growth is a composite with roughly equal weights on conventionally measured growth and growth predicted from lights. Our estimates differ from official data by up to three percentage points annually. Using lights, empirical analyses of growth need no longer use countries as the unit of analysis; we can mea...
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作者：Bajari, Patrick; Fruehwirth, Jane Cooley; Kim, Kyoo il; Timmins, Christopher
作者单位：University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research; University of Cambridge; University of Cambridge; Duke University; National Bureau of Economic Research
摘要：We propose a new strategy for a pervasive problem in the hedonics literature: recovering hedonic prices in the presence of time-varying correlated unobservables. Our approach relies on an assumption about home buyer rationality, under which prior sales prices can be used to control for time-varying unobservable attributes of the house or neighborhood. Using housing transactions data from California's Bay Area between 1990 and 2006, we apply our estimator to recover marginal willingness to pay ...
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作者：Glaeser, Edward L.; Gottlieb, Joshua D.; Tobio, Kristina
作者单位：Harvard University; National Bureau of Economic Research; Harvard University
