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作者：Erdil, Aytek; Ergin, Haluk
作者单位：University of Oxford; University of Oxford; Washington University (WUSTL)
摘要：In several school choice districts in the United States, the student proposing deferred acceptance algorithm is applied after indifferences in priority orders are broken in some exogenous way. Although such a tie-breaking procedure preserves stability, it adversely affects the welfare of the students since it introduces artificial stability constraints. Our main finding is a polynomial-time algorithm for the computation of a student-optimal stable matching when priorities are weak. The idea be...
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作者：Maskin, Eric S.
作者单位：Institute for Advanced Study - USA
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作者：Ellingsen, Tore; Johannesson, Magnus
作者单位：Stockholm School of Economics
摘要：Desire for social esteem is a source of prosocial behavior. We develop a model in which actors' utility of esteem depends on the audience. In a principal-agent setting, we show that the model can account for motivational crowding out. Control systems and pecuniary incentives erode morale by signaling to the agent that the principal is not worth impressing. The model also offers an explanation for why agents are motivated by unconditionally high pay and by mission-oriented principals.
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作者：Myerson, Roger B.
作者单位：University of Chicago
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作者：Alonso, Ricardo; Dessein, Wouter; Matouschek, Niko
作者单位：University of Southern California; University of Chicago; Northwestern University
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作者：Acemoglu, Daron; Johnson, Simon; Robinson, James A.; Yared, Pierre
作者单位：Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); International Monetary Fund; Harvard University; Harvard University; Columbia University
摘要：Existing studies establish a strong cross-country correlation between income and democracy but do not control for factors that simultaneously affect both variables. We show that controlling for such factors by including country fixed effects removes the statistical association between income per capita and various measures of democracy. We present instrumental-variables estimates that also show no causal effect of income on democracy. The cross-country correlation between income and democracy ...
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作者：Justiniano, Alejandro; Primiceri, Giorgio E.
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; Northwestern University; National Bureau of Economic Research
摘要：We investigate the sources of the important shifts in the volatility of US macroeconomic variables in the postwar period. To this end, we propose the estimation of DSGE models allowing for time variation in the volatility of the structural innovations. We apply our estimation strategy to a large-scale model of the business cycle and find that shocks specific to the equilibrium condition of investment account for most of the sharp decline in volatility of the last two decades.
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作者：Bullard, James; Evans, George W.; Honkapohja, Seppo
作者单位：Federal Reserve System - USA; Federal Reserve Bank - St. Louis; University of Oregon; Bank of Finland
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作者：Brown, Jeffrey R.; Finkelstein, Amy
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Massachusetts Institute of Technology (MIT)
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作者：Kimbrough, Erik O.; Smith, Vernon L.; Wilson, Bart J.
作者单位：George Mason University; Chapman University System; Chapman University
摘要：This laboratory experiment explores the extent to which impersonal exchange emerges from personal exchange with opportunities for long-distance trade. We design a three-commodity production and exchange economy in which agents in three geographically separated villages must develop multilateral exchange networks to import a good only available abroad. For treatments, we induce two distinct institutional histories to investigate how past experience with property rights affects the evolution of ...
