2003

最新文章

• At what level of labor-market intermittency are women penalized? AI翻译
  作者：Hotchkiss, JL; Pitts, MM
  作者单位：University System of Georgia; Georgia State University; Federal Reserve System - USA; Federal Reserve Bank - Atlanta
• Catching up: Wages of black men AI翻译
  作者：Welch, F
  作者单位：Texas A&M University System; Texas A&M University College Station
• Valuing Biodiversity from an economic perspective: A unified economic, ecological, and genetic approach AI翻译
  作者：Brock, WA; Xepapadeas, A
  作者单位：University of Wisconsin System; University of Wisconsin Madison; University of Crete
  摘要：We develop a conceptual framework for valuing biodiversity from an economic perspective. We argue for a dynamic economic welfare measure of biodiversity that complements the literature on benefit-cost approaches and genetic distance/phylogenic tree approaches. Using a unified model of optimal economic management of an ecosystem under ecological and genetic constraints, we identify gains from management policies leading to a more diverse system, using the Bellman state valuation function of the...
• Collusive practices in repeated English auctions: Experimental evidence on bidding rings AI翻译
  作者：Phillips, OR; Menkhaus, DJ; Coatney, KT
  作者单位：University of Wyoming; University of Wyoming; United States Department of Agriculture (USDA)
• How welfare policies affect child and adolescent achievement AI翻译
  作者：Clark-Kauffman, E; Duncan, GJ; Morris, P
  作者单位：Northwestern University
• Social security and individual accounts as elements of overall risk-sharing AI翻译
  作者：Shiller, RJ
  作者单位：Yale University; Yale University
• Optimal contracting with subjective evaluation AI翻译
  作者：MacLeod, WB
  作者单位：University of Southern California; University of Southern California
  摘要：This paper extends the standard principal-agent model to allow for subjective evaluation. The optimal contract results in more compressed pay relative to the case with verifiable performance measures. Moreover, discrimination against an individual implies lower pay and performance, suggesting that the extent of discrimination as measured after controlling for performance may underestimate the level of true discrimination. Finally, the optimal contract entails the use of bonus pay rather than t...
• Optimal pricing mechanisms with unknown demand AI翻译
  作者：Segal, I
  作者单位：Stanford University
  摘要：The standard profit-maximizing multiunit auction intersects the submitted demand curve with a preset reservation supply curve, which is determined using the distribution from which the buyers' valuations are drawn. However, when this distribution is unknown, a preset supply curve cannot maximize monopoly profits. The optimal pricing mechanism in this situation sets a price for each buyer on the basis of the demand distribution inferred statistically from other buyers' bids. The resulting profi...
• The effects of environmental regulation on technology diffusion: The case of chlorine manufacturing AI翻译
  作者：Snyder, LD; Miller, NH; Stavins, RN
  作者单位：Harvard University
• The performance of forecast-based monetary policy rules under model uncertainty AI翻译
  作者：Levin, A; Wieland, V; Williams, JC
  作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; Goethe University Frankfurt
  摘要：We investigate the performance of forecast-based monetary policy rules using five macroeconomic models that reflect a wide range of views on aggregate dynamics. We identify the key characteristics of rules that are robust to model uncertainty; such rules respond to the one-year-ahead inflation forecast and to the current output gap and incorporate a substantial degree of policy inertia. In contrast, rules with longer forecast horizons are less robust and are prone to generating indeterminacy. ...