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作者：Jimenez, Gabriel; Ongena, Steven; Peydro, Jose-Luis; Saurina, Jesus
作者单位：Banco de Espana; Tilburg University; Pompeu Fabra University; European Central Bank
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作者：Jin, Keyu
作者单位：University of London; London School Economics & Political Science
摘要：This paper provides a new theory of international capital flows. In a framework that integrates factor-proportions-based trade and financial capital flows, a novel force emerges: capital tends to flow toward countries that become more specialized in capital-intensive industries. This composition effect competes with the standard force that channels capital toward the location where it is scarcer. If the composition effect dominates, capital flows away from the country hit by a positive labor f...
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作者：Budish, Eric; Cantillon, Estelle
作者单位：University of Chicago; Solvay SA; Universite Libre de Bruxelles; Universite Libre de Bruxelles
摘要：We use theory and field data to study the draft mechanism used to allocate courses at Harvard Business School. We show that the draft is manipulable in theory, manipulated in practice, and that these manipulations cause significant welfare loss. Nevertheless, we find that welfare is higher than under its widely studied strategyproof alternative. We identify a new link between fairness and welfare that explains why the draft performs well despite the costs of strategic behavior, and then design...
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作者：Kessler, Judd B.; Roth, Alvin E.
作者单位：University of Pennsylvania; Harvard University; Harvard University
摘要：Organ donations from deceased donors provide the majority of transplanted organs in the United States, and one deceased donor can save numerous lives by providing multiple organs. Nevertheless, most Americans are not registered organ donors despite the relative ease of becoming one. We study in the laboratory an experimental game modeled on the decision to register as an organ donor and investigate how changes in the management of organ waiting lists might impact donations. We find that an org...
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作者：Barlevy, Gadi; Neal, Derek
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; University of Chicago; University of Chicago
摘要：We propose an incentive scheme for educators that links compensation to the ranks of their students within comparison sets. Under certain conditions, this scheme induces teachers to allocate socially optimal levels of effort. Moreover, because this scheme employs only ordinal information, it allows education authorities to employ completely new assessments at each testing date without ever having to equate various assessments. This removes incentives for teachers to teach to a particular asses...
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作者：Dahl, Gordon B.; Lochner, Lance
作者单位：University of California System; University of California San Diego; Western University (University of Western Ontario)
摘要：Using an instrumental variables strategy, we estimate the causal effect of income on children's math and reading achievement. Our identification derives from the large, nonlinear changes in the Earned Income Tax Credit. The largest of these changes increased family income by as much as 20 percent, or approximately $2,100, between 1993 and 1997. Our baseline estimates imply that a $1,000 increase in income raises combined math and reading test scores by 6 percent of a standard deviation in the ...
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作者：Masatlioglu, Yusufcan; Nakajima, Daisuke; Ozbay, Erkut Y.
作者单位：University of Michigan System; University of Michigan; University System of Maryland; University of Maryland College Park
摘要：The standard revealed preference argument relies on an implicit assumption that a decision maker considers all feasible alternatives. The marketing and psychology literatures, however, provide well-established evidence that consumers do not consider all brands in a given market before making a purchase (Limited Attention). In this paper, we illustrate how one can deduce both the decision maker's preference and the alternatives to which she pays attention and inattention from the observed behav...
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作者：Bombardini, Matilde; Gallipoli, Giovanni; Pupato, German
作者单位：University of British Columbia; Canadian Institute for Advanced Research (CIFAR); Getulio Vargas Foundation
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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：Alvarez, Fernando; Guiso, Luigi; Lippi, Francesco
作者单位：University of Chicago; University of Sassari
