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作者：Ostrom, Elinor
作者单位：Indiana University System; Indiana University Bloomington; Arizona State University; Arizona State University-Tempe
摘要：It is instructive to read the article that Katharine Coman published in the first issue of the American Economic Review to gain insight into the problems of collective action related to irrigation in the American West. One gains further understanding of the problems Coman identifies by using a social-ecological system (Ostrom 2007, 2009) to organize the diverse variables identified by Coman. One gains a general lesson from this analysis that changing the formal governance structure of irrigati...
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作者：Pissarides, Christopher A.
作者单位：University of London; London School Economics & Political Science
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作者：Krasnokutskaya, Elena; Seim, Katja
作者单位：Johns Hopkins University; University of Pennsylvania
摘要：We use data from highway procurement auctions subject to California's Small Business Preference program to study the effect of bid preferences on auction outcomes. Our analysis is based on an estimated model of firms' bidding and participation decisions, which allows us to evaluate the effects of current and alternative policy designs. We show that incorporating participation responses significantly alters the assessment of preferential treatment policies. (JEL D44, H76, R42)
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作者：Conley, Dalton; Heerwig, Jennifer
作者单位：New York University
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作者：Gentzkow, Matthew; Shapiro, Jesse M.; Sinkinson, Michael
作者单位：University of Chicago; National Bureau of Economic Research; Harvard University
摘要：We use new data on entries and exits of US daily newspapers from 1869 to 2004 to estimate effects on political participation, party vote shares, and electoral competitiveness. Our identification strategy exploits the precise timing of these events and allows for the possibility of confounding trends. We focus our analysis on the years 18691928, and we use the remaining years of data to look at changes over time. We find that newspapers have a robust positive effect on political participation, ...
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作者：Chen, Roy; Chen, Yan
作者单位：University of Michigan System; University of Michigan; University of Michigan System; University of Michigan
摘要：When does a common group identity improve efficiency in coordination games? To answer this question, we propose a group-contingent social preference model and derive conditions under which social identity changes equilibrium selection. We test our predictions in the minimum-effort game in the laboratory under parameter configurations which lead to an inefficient low-effort equilibrium for subjects with no group identity. For those with a salient group identity, consistent with our theory, we f...
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作者：Kamenica, Emir; Gentzkow, Matthew
作者单位：University of Chicago
摘要：When is it possible for one person to persuade another to change her action? We consider a symmetric information model where a sender chooses a signal to reveal to a receiver, who then takes a noncontractible action that affects the welfare of both players. We derive necessary and sufficient conditions for the existence of a signal that strictly benefits the sender. We characterize sender-optimal signals. We examine comparative statics with respect to the alignment of the sender's and the rece...
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作者：Malmendier, Ulrike; Lee, Young Han
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：We employ a novel approach to identify overbidding in auctions. We compare online auction prices to fixed prices for the same item on the same webpage. In detailed data on auctions of a board game, 42 percent of auctions exceed the simultaneous fixed price. The result replicates in a broad cross-section of auctions (48 percent overbidding). A small fraction of overbidders, 17 percent of bidders, suffices to generate the large fraction of auctions with overbidding. We show that the observed beh...
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作者：Carvalho, Carlos; Nechio, Fernanda
作者单位：Pontificia Universidade Catolica do Rio de Janeiro; Federal Reserve System - USA; Federal Reserve Bank - San Francisco; Federal Reserve System - USA; Federal Reserve Bank - New York
摘要：We study the purchasing power parity (PPP) puzzle in a multisector, two-country, sticky-price model. Sectors differ in the extent of price stickiness, leading to heterogeneous sectoral real exchange rate dynamics. Deviations from PPP are more volatile and persistent than in an otherwise identical one-sector world economy with the same average frequency of price changes. Under the empirical distribution of price stickiness of the US economy, the model produces PPP deviations with a half-life of...
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作者：Aw, Bee Yan; Roberts, Mark J.; Xu, Daniel Yi
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; National Bureau of Economic Research; New York University
摘要：This paper estimates a dynamic structural model of a producer's decision to invest in R&D and export, allowing both choices to endogenously affect the future path of productivity. Using plant-level data for the Taiwanese electronics industry, both activities are found to have a positive effect on the plant's future productivity. This in turn drives more plants to self-select into both activities, contributing to further productivity gains. Simulations of an expansion of the export market are s...
