2006

最新文章

• Politically connected firms AI翻译
  作者：Faccio, M
  作者单位：Vanderbilt University
• National treatment in the GATT AI翻译
  作者：Horn, H
  作者单位：Stockholm University
• Taxes, cigarette consumption, and smoking intensity AI翻译
  作者：Adda, Jerome; Cornaglia, Francesca
  作者单位：University of London; University College London
  摘要：This paper analyses the compensatory behavior of smokers. Exploiting data on cotinine concentration-a metabolite of nicotine-measured in a large population of smokers over time, we show that smokers compensate for tax hikes by extracting more nicotine per cigarette. Our study makes two important contributions. First, as, smoking a given cigarette more intensively is detrimental to health, our results, question the usefulness of tax increases. Second, we develop a model of rational addiction wh...
• Persistent distortionary policies with asymmetric information AI翻译
  作者：Mitcell, MF; Moro, A
  作者单位：University of Iowa; Federal Reserve System - USA; Federal Reserve Bank - New York
• On the workings of a cartel: Evidence from the Norwegian cement industry AI翻译
  作者：Röller, LH; Steen, F
  作者单位：Humboldt University of Berlin; Norwegian School of Economics (NHH)
• Speculative growth: Hints from the US economy AI翻译
  作者：Caballero, Ricardo J.; Farhi, Emmanuel; Hammour, Mohamad L.
  作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
  摘要：We propose a framework for understanding episodes of vigorous economic expansion and extreme asset valuations. We interpret this phenomenon as a high-valuation equilibrium with a low cost of capital based on optimism about future funding. The key ingredient for such equilibrium is feedback from increased growth to a decline in the long-run cost of capital. This feedback arises when an expansion comes with technological progress in the capital sector, when fiscal rules generate procyclical fisc...
• Life-cycle variation in the association between current and lifetime earnings AI翻译
  作者：Haider, Steven; Solon, Gary
  作者单位：Michigan State University; University of Michigan System; University of Michigan
• A letter to Ben Bernanke AI翻译
  作者：Mankiw, N. Gregory
  作者单位：Harvard University
• International protection of intellectual property (vol 94, pg 1635, 2004) AI翻译
  作者：Grossman, GM; Lai, ELC
  作者单位：Princeton University; City University of Hong Kong
• In the right place at the wrong time: The role of firms and luck in young workers' careers AI翻译
  作者：von Wachter, Till; Bender, Stefan
  作者单位：Columbia University
  摘要：We examine administrative data on young German workers and their employers to study the long-term effects of an early career job loss. To account for nonrandom sorting of workers into firms with different turnover rates and,for selective job mobility, we use changes over time in firm- and age-specific labor demand as an instrument for displacement. We find that wage losses of young job losers are initially 15 percent, but drop to zero within five years. Only workers leaving very large establis...