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作者：Iverson, Benjamin
作者单位：Brigham Young University; Northwestern University
摘要：Bankruptcy costs depend not only on the laws that govern financial distress but also on the ability of the court to rehabilitate distressed firms. This paper tests whether Chapter 11 restructuring outcomes are affected by time constraints in busy bankruptcy courts. Using the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act as an exogenous shock to caseloads, I find that commercial banks report lower charge-offs on business lending when court caseloads decline, suggesting ...
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作者：Sismeiro, Catarina; Mahmood, Ammara
作者单位：Imperial College London; Wilfrid Laurier University
摘要：Using hourly traffic and readership data from a major news website, and taking advantage of a global Facebook outage, we study the relationship between social networks and online news consumption. More specifically, we test if online social networks compete with content providers or instead play a complementary role by promoting and attracting traffic to external websites. During the outage, consistent with a promotional effect, we observe a significant decrease in traffic and unique visitors ...
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作者：Smith, Edward Bishop; Rand, William
作者单位：Northwestern University; North Carolina State University
摘要：We consider the fruits of integrating agent-based modeling (ABM) with lab-based experimental research with human subjects. While both ABM and lab experiments have similar aims-to identify the rules, tendencies, and heuristics by which individual agents make decisions and respond to external stimuli-they work toward their common goal in notably different ways. Behavioral-lab research typically exposes human subjects to experimental manipulations, or treatments, to make causal inferences by obse...
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作者：Chandra, Ambarish; Weinberg, Matthew
作者单位：University of Toronto; Drexel University
摘要：The relationship between market structure and advertising has been extensively studied, but has generated sharply opposing theoretical predictions, as well as inconclusive empirical findings, likely because of severe endogeneity concerns. We exploit the 2008 merger of Miller and Coors in the U.S. brewing industry to examine how changes in local concentration affect firms' advertising behavior. Well-established regional preferences over beer brands, and the sharp increase in concentration from ...
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作者：Pope, Devin G.; Price, Joseph; Wolfers, Justin
作者单位：University of Chicago; National Bureau of Economic Research; Brigham Young University; University of Michigan System; University of Michigan
摘要：Can raising awareness of racial bias subsequently reduce that bias? We address this question by exploiting the widespread media attention highlighting racial bias among professional basketball referees that occurred in May 2007 following the release of an academic study. Using new data, we confirm that racial bias persisted in the years after the study's original sample but prior to the media coverage. Subsequent to the media coverage, though, the bias disappeared. Several potential mechanisms...
