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作者:[Anonymous]
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作者:Wang, YQ
作者单位:Chinese University of Hong Kong
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作者:Atkeson, A; Kehoe, PJ
作者单位:Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; National Bureau of Economic Research; University of Pennsylvania
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作者:Cooper, BJ; Kagel, JH; Lo, W; Gu, QL
作者单位:University System of Ohio; Case Western Reserve University; University System of Ohio; Ohio State University; National Dong Hwa University; Donghua University
摘要:We examine strategic interactions between firms and planners in China, comparing behavior between: (i) students and managers with field experience with this situation, (ii) standard versus increased monetary incentives, and (iii) sessions conducted in context, making explicit reference to interactions between planners and managers, and those without any such references. The dynamics of play are similar across treatments with play only gradually, and incompletely, converging on a pooling equil...
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作者:Ades, A; Di Tella, R
作者单位:Harvard University
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作者:Mendelsohn, R; Nordhaus, W
作者单位:Yale University; Yale University
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作者:Cooper, R; Haltiwanger, J; Power, L
作者单位:Boston University; University System of Maryland; University of Maryland College Park; United States Department of the Treasury
摘要:This paper explores investment fluctuations due to discrete changes in a plant's capital stock. The resulting aggregate investment dynamics are surprisingly rich, reflecting the interaction between a replacement cycle, the cross-sectional distribution of the age of the capital stock, and an aggregate shock. Using plant-level data, lumpy investment is procyclical and more likely for older capital. Further, the predicted path of aggregate investment that neglects vintage effects tracks actual ag...
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作者:Viscusi, WK; Hamilton, JT
作者单位:Harvard University; Duke University