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作者：Colmer, Jonathan; Doleac, Jennifer L.
作者单位：University of Virginia
摘要：Gun violence is a major problem in the United States, and extensive prior work has shown that higher temperatures increase violent behavior. We consider whether restricting the concealed carry of firearms mitigates or exacerbates the effect of temperature on violence. We use two identification strategies that exploit daily variation in temperature and variation in gun control policies between and within states. We provide evidence that more-prohibitive concealed-carry laws attenuate the temper...
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作者：Santacreu, Ana Maria
作者单位：Federal Reserve System - USA; Federal Reserve Bank - St. Louis
摘要：This article investigates the determinants of international technology licensing using data for 50 countries during 1996-2012. A multicountry model of innovation yields a dynamic structural gravity equation for royalty payments as a function of fundamentals, including imperfect intellectual property protection and differences in corporate taxation. The gravity equation is estimated with nonlinear methods. My model's fundamentals account for about 60% of the variation in royalty payments. A qua...
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作者：Roth, Paula
作者单位：Stockholm School of Economics
摘要：Several studies have linked rising insolvency rates to increasing inequality and argued that this might be explained by individuals' desire to keep up with the Joneses. Using unique administrative register data on individual insolvencies in Sweden, I test whether the probability to become insolvent is related to one's income distance relative to peers. Identification relies on area fixed effects, an extensive set of background characteristics, and varying the definition of the relevant referen...
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作者：Liu, Bing; Loertscher, Simon; Marx, Leslie M.
作者单位：Stanford University; University of Melbourne; Duke University
摘要：Consignment auctions are two-stage mechanisms to (re)allocate emission permits. Firms are first endowed with permits and then allowed to trade them. We determine theoretically endowments that enable efficient allocation, subject to incentive compatibility, individual rationality, and no deficit. All firms prefer efficient consignment auctions to efficient standard auctions, making them politically palatable. Firms' investment incentives align with the first-best in efficient consignment auctio...
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作者：Gabriel, Ricardo Duque; Klein, Mathias; Pessoa, Ana Sofia
作者单位：University of Bonn; National Bureau of Economic Research; Sveriges Riksbank
摘要：a novel regional database covering over 200 elections in several European countries, this article provides new empirical evidence on the political consequences of fiscal consolidations. To identify exogenous reductions in regional public spending, we use a Bartik-type instrument that combines regional sensitivities to changes in national government expenditures with narrative national consolidation episodes. Fiscal consolidations lead to a significant increase in extreme parties' vote share, l...
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作者：Martin, Julien; Mejean, Isabelle; Parenti, Mathieu
作者单位：University of Quebec; University of Quebec Montreal; Center for Economic & Policy Research (CEPR); Institut d'Etudes Politiques Paris (Sciences Po); Paris School of Economics; INRAE; Universite Libre de Bruxelles; Leibniz Association; Ifo Institut
摘要：We study how stickiness in business relationships influences the trade impact of aggregate uncertainty. To begin, we construct a product-level index of relationship stickiness using firm-to-firm relationship duration data. We then demonstrate how relationship stickiness shapes trade dynamics in response to uncertainty shocks. We find that episodes of uncertainty lead to a decline in the overall establishment of new business relationships, with the impact varying depending on the level of stick...
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作者：Ben-David, Itzhak; Towbin, Pascal; Weber, Sebastian
作者单位：University System of Ohio; Ohio State University; National Bureau of Economic Research; Swiss National Bank (SNB); International Monetary Fund
摘要：We propose a method to detect shifts in housing price expecta tions by observing excess capacity. Anticipated future price hikes lead to increased current supply, resulting in temporary vacancies. Using a struc tural vector autoregression with sign restrictions, we analyze the impact of these expectations on the U.S. housing market. Our findings indicate that price expectation shocks primarily drove the 1996-2006 boom, espe cially in the Sand States. At the boom's peak, these shocks stemmed fr...
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作者：Davis, Jonathan M. V.; Mazumder, Bhashkar
作者单位：University of Oregon; Federal Reserve System - USA; Federal Reserve Bank - Chicago
摘要：Relative intergenerational mobility declined for cohorts born around 1960 compared to those born around 1950. The former entered the labor market after the rise in inequality around 1980, while the latter entered the labor market earlier. We show that the rank-rank slope rose from 0.25 to 0.36 and the intergenerational elasticity increased from 0.28 to 0.45. These increases are more pronounced for men than for women. Increases in returns to schooling and in the gradient in the likelihood of ma...
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作者：Fudenberg, Drew; Gao, Wayne; Liang, Annie
作者单位：Massachusetts Institute of Technology (MIT); University of Pennsylvania; Northwestern University
摘要：We propose a restrictiveness measure for economic models based on how well they fit predefined synthetic data. This measure, together with a measure for how well the model fits real data, outlines a Pareto frontier, where models that rule out more regularities, yet capture the regularities that are present in real data, are preferred. To illustrate our approach, we evaluate the restrictiveness of models in two laboratory settings-certainty equivalents and initial play-and one field setting- ta...
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作者：Head, Keith; Mayer, Thierry
作者单位：University of British Columbia; Centre for Economic Policy Research - UK; Institut d'Etudes Politiques Paris (Sciences Po)
摘要：Constant elasticity of substitution (CES) demand for monopolistically competitive firm varieties is a standard tool for models in international trade and macroeconomics. Intervariety substitution in this model follows a simple share proportionality rule. In contrast, the standard tool kit in industrial organization (IO) estimates a system in which cross-elasticities depend on similarity in observable attributes. The gain in realism from the IO approach comes at the expense of requiring richer ...
