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作者：Knittel, Christopher R.
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
摘要：This paper estimates the technological progress that has occurred since 1980 in the automobile industry and the trade-offs faced when choosing between fuel economy, weight, and engine power characteristics. The results suggest that if weight, horsepower, and torque were held at their 1980 levels, fuel economy could have increased by nearly 60 percent from 1980 to 2006. Once technological progress is considered, meeting the Corporate Average Fuel Economy (CAFE) standards adopted in 2007 will re...
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作者：Wright, Jonathan H.
作者单位：Johns Hopkins University
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作者：Board, Simon
作者单位：University of California System; University of California Los Angeles
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作者：Beatty, Timothy K. M.; Crawford, Ian A.
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of Oxford
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作者：Diamond, Peter
作者单位：Massachusetts Institute of Technology (MIT)
摘要：The element of time is a chief cause of those difficulties in economic investigations which make it necessary for man with his limited powers to go step by step; breaking up a complex question, studying one bit at a time, and at last combining his partial solutions into a more or less complete solution of the whole riddle.. The more the issue is thus narrowed, the more exactly can it be handled: but also the less closely does it correspond to real life. Each exact and firm handling of a narrow...
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作者：Duncan, Brian; Trejo, Stephen J.
作者单位：University of Colorado System; University of Colorado Denver; University of Texas System; University of Texas Austin
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作者：Dohmen, Thomas; Falk, Armin
作者单位：Maastricht University; Maastricht University Medical Centre (MUMC); University of Bonn
摘要：This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. Subjects face the choice between a fixed and a variable payment scheme. Depending on the treatment, the variable payment is a piece rate, a tournament, or a revenue-sharing scheme. We find that output is higher in the variable-payment schemes compared to the fixed-payment scheme. This difference is largely driven by productivity sorting. In addition, different incentive schemes systemati...
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作者：Huck, Steffen; Seltzer, Andrew J.; Wallace, Brian
作者单位：University of London; University College London; University of London; Royal Holloway University London
摘要：This paper provides the first experimental test of Edward Lazear's (1979) model of deferred compensation. We examine the relationship between firms' wage offers and workers' effort supply in a multiperiod environment. If firms can ex ante commit to a wage schedule with deferred compensation, workers should respond by supplying sufficient effort to avoid dismissal. We contrast this full-commitment case to controls with no commitment and computer-generated wages in order to examine the roles of ...
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作者：Salant, Yuval
作者单位：Northwestern University
摘要：I study how limited abilities to process information affect choice behavior. I model the decision-making process by an automaton, and measure the complexity of a specific choice rule by the minimal number of states an automaton implementing the rule uses to process information. I establish that any choice rule that is less complicated than utility maximization displays framing effects. I then prove that choice rules that result from an optimal trade-off between maximizing utility and minimizin...
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作者：Coibion, Olivier; Gorodnichenko, Yuriy
作者单位：William & Mary; University of California System; University of California Berkeley
