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作者：Davis, LW
作者单位：University of Wisconsin System; University of Wisconsin Madison
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作者：Compte, O; Postlewaite, A
作者单位：Institut Polytechnique de Paris; Ecole des Ponts ParisTech; University of Pennsylvania
摘要：There is ample evidence that emotions affect performance. Positive emotions can improve performance, while negative ones can diminish it. For example, the fears induced by the possibility of failure or of negative evaluations have physiological consequences (shaking, loss of concentration) that may impair performance in sports, on stage, or at school. There is also ample evidence that individuals have distorted recollection of past events and distorted attributions of the causes of success or ...
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作者：Azoulay, P
作者单位：Columbia University
摘要：How do firm boundaries influence employees' acquisition of information? Using detailed project-level data and qualitative evidence, I document that pharmaceutical firms are more likely to outsource the coordination of data-intensive clinical trials, while they are more likely to assign knowledge-intensive trials to internal teams. Managers do not choose between market and hierarchy, but between the hierarchy of the firm-in which subjective performance evaluations are combined with flat explici...
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作者：Eeckhout, J
作者单位：University of Pennsylvania
摘要：Two empirical regularities concerning the size distribution of cities have repeatedly been established: Zipf's law holds (the upper tail is Pareto), and city growth is proportionate. Census 2000 data are used covering the entire size distribution, not just the upper tail. The nontruncated distribution is shown to be lognormal, rather than Pareto. This provides a simple justification for the coexistence of proportionate growth and the resulting lognormal distribution. An equilibrium theory of l...
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作者：Li, WL; Sarte, PD
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作者：Coen-Pirani, D
作者单位：Carnegie Mellon University
摘要：In this paper I suggest a unified explanation for two puzzles in the inventory literature: first, estimates of inventory speeds of adjustment in aggregate data are very small relative to the apparent rapid reaction of stocks to unanticipated variations in sales. Second, estimates of inventory speeds of adjustment in firm-level data are significantly higher than in aggregate data. The paper develops a multi-sector model where inventories are held to avoid stockouts, and price markups vary along...
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作者：Coate, S; Conlin, M
作者单位：Cornell University; Syracuse University
摘要：This paper explores a group rule-utilitarian approach to understanding voter turnout, inspired by the theoretical work of John C Harsanyi (1980) and Timothy J. Feddersen and Alvaro Sandroni (2002). It develops a model based on this approach and studies its performance in explaining turnout in Texas liquor referenda. The results are encouraging: the comparative static predictions of the model are broadly consistent with the data, and a structurally estimated version of the model yields reasonab...
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作者：Maccini, LJ; Moore, BJ; Schaller, H
作者单位：Johns Hopkins University; Fordham University; Carleton University
摘要：This paper presents a model that provides an explanation, based on regime switching in the real interest rate and learning, of why tests based on stock-adjustment models, Euler equations, or decision rules-which emphasize short-run fluctuations in inventories and the interest rate-are unlikely to uncover a negative relationship between inventories and the real interest rate. The model, however, predicts that inventories will respond to long-run movements, that is, to regime shifts in the real ...
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作者：Chen, Y; Gazzale, R
作者单位：University of Michigan System; University of Michigan; Williams College
摘要：This study clarifies the conditions under which learning in games produces convergence to Nash equilibria in practice. We experimentally investigate the role of supermodularity, which is closely related to the more familiar concept of strategic complementarities, in achieving convergence through learning. Using a game from the literature on solutions to externalities, we find that supermodular and near-supermodular games converge significantly better than those far below the threshold of super...
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作者：Morrison, AD; Wilhelm, WJ Jr
作者单位：University of Oxford; University of Virginia
