2009

最新文章

• Institution Formation in Public Goods Games AI翻译
  作者：Kosfeld, Michael; Okada, Akira; Riedl, Arno
  作者单位：Goethe University Frankfurt; Hitotsubashi University; Maastricht University
  摘要：Sanctioning institutions are of utmost importance for overcoming free-riding tendencies and enforcing outcomes that maximize group welfare in social dilemma situations. We investigate, theoretically and experimentally, the endogenous formation of institutions in public goods provision. Our theoretical analysis shows that players may form sanctioning institutions in equilibrium, including those governing only a subset of players. The experiment confirms that institutions are formed and that it ...
• Tax Changes and Asset Pricing AI翻译
  作者：Sialm, Clemens
  作者单位：University of Texas System; University of Texas Austin; National Bureau of Economic Research
  摘要：The tax burden on equity securities has varied substantially over time and remains a source of continuing policy debate. This paper investigates whether investors were compensated for the tax burden of equity securities over the period between 1913 and 2006. Taxes on equity securities vary over time due to changes in dividend and capital gains tax rates and due to changes in corporate payout policies. Equity taxes also vary across firms due to persistent differences in propensities to pay divi...
• Do Immigrants and Their Children Free Ride More Than Natives? AI翻译
  作者：Osili, Una Okonkwo; Xie, Jia
  作者单位：Purdue University System; Purdue University; Purdue University in Indianapolis; Indiana University System; Indiana University Bloomington
• Political Economy at Any Speed: What Determines Traffic Citations? AI翻译
  作者：Makowsky, Michael D.; Stratmann, Thomas
  作者单位：University System of Maryland; Towson University; George Mason University
• Under the Weather: Health, Schooling, and Economic Consequences of Early-Life Rainfall AI翻译
  作者：MacCini, Sharon; Yang, Dean
  作者单位：University of Michigan System; University of Michigan
• Financial Risk Management: When Does Independence Fail? AI翻译
  作者：Landier, Augustin; Sraer, David; Thesmar, David
  作者单位：New York University; University of California System; University of California Berkeley; Hautes Etudes Commerciales (HEC) Paris
• Strategic Leniency and Cartel Enforcement AI翻译
  作者：Miller, Nathan H.
  作者单位：University of California System; University of California Berkeley
  摘要：The cornerstone of cartel enforcement in the United States and elsewhere is a commitment to the lenient prosecution of early confessors. A burgeoning game-theoretical literature is ambiguous regarding the impacts of leniency. I develop a theoretical model of cartel behavior that provides empirical predictions and moment conditions, and apply the model to the complete set of indictments and information reports issued over a 20-year span. Statistical tests are consistent with the notion that len...
• The Economics Major as Part of a Liberal Education: The Teagle Report Comment AI翻译
  作者：Breneman, David W.
  作者单位：University of Virginia
• Will Public Sector Retiree Health Benefit Plans Survive? Economic and Policy Implications of Unfunded Liabilities AI翻译
  作者：Clark, Robert L.
  作者单位：North Carolina State University
• Immigration And Poverty In The United States AI翻译
  作者：Raphael, Steven; Smolensky, Eugene
  作者单位：University of California System; University of California Berkeley