2006

最新文章

• Globalization and emerging markets: With or without crash? AI翻译
  作者：Martin, Philippe; Rey, Helene
  作者单位：Paris School of Economics; heSam Universite; Universite Pantheon-Sorbonne; Centre for Economic Policy Research - UK; Princeton University; National Bureau of Economic Research
  摘要：We analyze the effects of financial and trade globalization on the likelihood of financial crashes in emerging markets. While trade globalization always makes crashes less likely, financial globalization may snake them more likely, especially when trade costs are high. Pessimistic expectations can be self-fulfilling and lead to a collapse in demand,for goods curd assets. Such a crash comes with a current account reversal and drops in income and investment. Lower-income countries are more prone...
• Media frenzies in markets for financial information AI翻译
  作者：Veldkamp, Laura L.
  作者单位：New York University
  摘要：Emerging equity markets witness occasional surges in prices (frenzies) and cross-market price dispersion (herds), accompanied by abundant media coverage. An information market complementarity can explain these anomalies. Because information has high fixed costs, high volume makes it inexpensive. Low prices induce investors to buy information that others buy. Given two identical assets, investors learn about one; abundant information reduces its payoff risk and raises its price. Transitions bet...
• Dividend taxes and firm valuation: New evidence AI翻译
  作者：Auerbach, Alan J.; Hassett, Kevin A.
  作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; American Enterprise Institute for Public Policy Research
• Group affiliation and altruistic norm enforcement AI翻译
  作者：Bernhard, Helen; Fehr, Ernst; Fischbacher, Urs
  作者单位：University of Zurich
• Matriculation in US economics Ph.D. programs: How many accepted Americans do not enroll? AI翻译
  作者：Finegan, T. Aldrich; Stock, Wendy A.; Siegfried, John J.
  作者单位：Vanderbilt University; Montana State University System; Montana State University Bozeman
• The evolution of managerial expertise: How corporate culture can run amok AI翻译
  作者：Bernhardt, D; Hughson, E; Kutsoati, E
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Colorado System; University of Colorado Boulder; Tufts University
  摘要：This paper investigates how noisy evaluation of worker skills affects human capital investments and hiring. Individuals distort investments toward skills that most managers can evaluate. Dynamically, when workers become managers, managerial expertise can become increasingly skewed over time, raising investment distortions and reducing output. If firms select managerial expertise strategically, efficient investments can be retrieved when (a) identifying whether workers' skills matter more than ...
• The New York Times and the market for local newspapers AI翻译
  作者：George, LM; Waldfogel, J
  作者单位：City University of New York (CUNY) System; Hunter College (CUNY); University of Pennsylvania
• Social value of public information: Morris and Shin (2002) is actually pro-transparency, not con: Reply AI翻译
  作者：Morris, S; Shin, HS; Tong, H
  作者单位：Princeton University; Bank of England
• A theory of participation in elections AI翻译
  作者：Feddersen, Timothy; Sandroni, Alvaro
  作者单位：Northwestern University
• Economic conditions early in life and individual mortality AI翻译
  作者：Van Den Berg, GJ; Lindeboom, M; Portrait, F
  作者单位：Vrije Universiteit Amsterdam; Vrije Universiteit Amsterdam