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作者：Abeler, Johannes; Falk, Armin; Goette, Lorenz; Huffman, David
作者单位：University of Nottingham; University of Bonn; University of Lausanne; Swarthmore College
摘要：A key open question for theories of reference-dependent preferences is: what determines the reference point? One candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment, we manipulate the rational expectations of subjects and check whether this manipulation influences their effort provision. We find that effort provision is significantly different between treatments in the way predicted by models of expectation-based, ref...
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作者：Gorbenko, Alexander S.; Malenko, Andrey
作者单位：University of London; London Business School; Massachusetts Institute of Technology (MIT)
摘要：We study simultaneous security-bid second-price auctions with competition among sellers for potential bidders. The sellers compete by designing ordered sets of securities that the bidders can offer as payment for the assets. Upon observing auction designs, potential bidders decide which auctions to enter. We characterize all symmetric equilibria and show that there always exist equilibria in which auctions are in standard securities or their combinations. In large markets the unique equilibriu...
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作者：Shy, Oz; Wang, Zhu
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Boston; Federal Reserve System - USA; Federal Reserve Bank - Kansas City
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作者：Loewenstein, George; Cain, Daylian M.; Sah, Sunita
作者单位：Carnegie Mellon University; Yale University; Duke University
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作者：Zhang, Yuting; Newhouse, Joseph P.; Baicker, Katherine
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Harvard University; Harvard T.H. Chan School of Public Health; Harvard University; Harvard University; National Bureau of Economic Research
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作者：Enikolopov, Ruben; Petrova, Maria; Zhuravskaya, Ekaterina
作者单位：New Economic School; New Economic School; Paris School of Economics
摘要：This paper compares electoral outcomes of 1999 parliamentary elections in Russia among geographical areas with differential access to the only national TV channel independent from the government. It was available to three-quarters of Russia's population and its signal availability was idiosyncratic, conditional on observables. Independent TV decreased aggregate vote for the government party by 8.9 percentage points, increased the combined vote for major opposition parties by 6.3 percentage poi...
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作者：Taylor, M. Scott
作者单位：University of Calgary; National Bureau of Economic Research
摘要：In the sixteenth century, North America contained 25 to 30 million buffalo; by the late nineteenth century fewer than 100 remained. While removing the buffalo east of the Mississippi took over 100 years, the remaining 10 to 15 million buffalo on the Great Plains were killed in a punctuated slaughter lasting little more than ten years. I employ theory, international trade statistics, and first-person accounts to argue the slaughter was initiated by a foreign-made innovation and fueled by a fore...
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作者：Ransom, Michael R.; Lambson, Val E.
作者单位：Brigham Young University
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作者：Sargent, Thomas J.; Surico, Paolo
作者单位：New York University; Centre for Economic Policy Research - UK; University of London; London Business School
摘要：By extending his data, we document the instability of low-frequency regression coefficients that Lucas (1980) used to express the quantity theory of money. We impute the differences in these regression coefficients to differences in monetary policies across periods. A DSGE model estimated over a subsample like Lucas's implies values of the regression coefficients that confirm Lucas's results for his sample period. But perturbing monetary policy rule parameters away from the values estimated ov...
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作者：Eggleston, Karen N.; Shah, Nilay D.; Smith, Steven A.; Berndt, Ernst R.; Newhouse, Joseph P.
作者单位：Stanford University; Mayo Clinic; Mayo Clinic; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Harvard University; Harvard University; Harvard Medical School; Harvard University; Harvard T.H. Chan School of Public Health; National Bureau of Economic Research
