2005

最新文章

• The political economy of corporate governance AI翻译
  作者：Pagano, M; Volpin, PF
  作者单位：University of Naples Federico II; University of London; London Business School
  摘要：We analyze the political determinants of investor and employment protection. Our model predicts that proportional electoral systems are conducive to weaker investor protection and stronger employment protection than majoritarian systems. This prediction is consistent with international panel data evidence. The proportionality of the voting system is significantly and negatively correlated with shareholder protection in a panel of 45 countries, and positively correlated with employment protecti...
• Why the apple doesn't fall far: Understanding intergenerational transmission of human capital AI翻译
  作者：Black, SE; Devereux, PJ; Salvanes, KG
  作者单位：University of California System; University of California Los Angeles; National Bureau of Economic Research; Norwegian School of Economics (NHH)
• Patent citations and the geography of knowledge spillovers: A reassessment: Comment AI翻译
  作者：Henderson, R; Jaffe, A; Trajtenberg, M
  作者单位：Massachusetts Institute of Technology (MIT); Brandeis University; Tel Aviv University
• Are alcohol tax hikes fully passed through to prices? Evidence from Alaska AI翻译
  作者：Kenkel, DS
  作者单位：Cornell University; National Bureau of Economic Research; Cornell University
• Effective exchange rates and the classical gold standard adjustment AI翻译
  作者：Catao, LAV; Solomou, SN
  作者单位：International Monetary Fund; University of Cambridge
  摘要：Using a new international dataset of trade-weighed exchange, rates, this paper highlights a neglected adjustment mechanism in the classical gold standard literature. Since gold-pegged countries traded extensively with economies operating more flexible monetary regimes and where parity change was a common adjustment device to systemic shocks, we show that such parity adjustments induced worldwide swings in nominal effective exchange rates. These translated into real exchange rate variations to ...
• The willingness to pay-willingness to accept gap, the endowment effect, subject misconceptions, and experimental procedures for eliciting valuations AI翻译
  作者：Plott, CR; Zeiler, K
  作者单位：California Institute of Technology; Georgetown University
  摘要：We conduct experiments to explore the possibility that subject misconceptions, as opposed to a particular theory of preferences referred to as the endowment effect, account for reported gaps between willingness to pay (WTP) and willingness to accept (WTA). The literature reveals two important facts. First, there is no consensus regarding the nature or robustness of WTP-WTA gaps Second, while experimenters are careful to control for subject misconceptions, there is no consensus about the fundam...
• Manufacturer liability for harms caused by consumers to others AI翻译
  作者：Hay, B; Spier, KE
  作者单位：Harvard University; Northwestern University
• From education to democracy? AI翻译
  作者：Acemoglu, D; Johnson, S; Robinson, JA; Yared, P
  作者单位：Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Harvard University
• Cost-effective policies to reduce vehicle emissions AI翻译
  作者：Fullerton, D; Gan, L
  作者单位：University of Texas System; University of Texas Austin; National Bureau of Economic Research
• Is pay-as-you-drive insurance a better way to reduce gasoline than gasoline taxes? AI翻译
  作者：Parry, IWH
  作者单位：Resources for the Future