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作者：Fernholz, Ricardo T.; Koch, Christoffer
作者单位：Claremont Colleges; Claremont McKenna College; Claremont Graduate University; Federal Reserve System - USA; Federal Reserve Bank - Dallas
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作者：Kamada, Yuichiro; Kojima, Fuhito
作者单位：University of California System; University of California Berkeley; Stanford University
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作者：Karahan, Fatih; Michaels, Ryan; Pugsley, Benjamin; Sahin, Aysegul; Schuh, Rachel
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; Federal Reserve System - USA; Federal Reserve Bank - Philadelphia
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作者：Sarsons, Heather
作者单位：Harvard University
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作者：Howell, Sabrina T.
作者单位：New York University
摘要：Governments regularly subsidize new ventures to spur innovation. This paper conducts the first large-sample, quasi-experimental evaluation of R&D subsidies. I use data on ranked applicants to the US Department of Energy's SBIR grant program. An early-stage award approximately doubles the probability that a firm receives subsequent venture capital and has large, positive impacts on patenting and revenue. These effects are stronger for more financially constrained firms. Certification, where the...
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作者：Johnson, Justin P.
作者单位：Cornell University
摘要：I propose a framework in which asymmetric multiproduct retailers compete for one-stop shoppers who have biased beliefs about their future purchase probabilities (and so make unplanned purchases). One firm carries a full portfolio of products while the other carries an incomplete but endogenous one. Using this framework, I examine the phenomenon of loss leading, the optimal product portfolio of the smaller firm, and the effects of banning loss leading. Among other results, I show that there is ...
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作者：Ketcham, Jonathan D.; Kuminoff, Nicolai V.; Powers, Christopher A.
作者单位：Arizona State University; Arizona State University-Tempe; Arizona State University; Arizona State University-Tempe; National Bureau of Economic Research; CMS Alliance to Modernize Healthcare; Centers for Medicare & Medicaid Services; CMS Alliance to Modernize Healthcare; Centers for Medicare & Medicaid Services
摘要：Consumers' enrollment decisions in Medicare Part D call be explained by Abaluck and Gruber's (2011) model of utility maximization with psychological biases or by a neoclassical version of their model that precludes such biases. We evaluate these competing hypotheses by applying nonparametric tests of utility maximization and model validation tests to administrative data. We find that 79 percent of enrollment decisions from 2006 to 2010 satisfied basic axioms of consumer theory under the assump...
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作者：Chandra, Amitabh; Finkelstein, Amy; Sacarny, Adam; Syverson, Chad
作者单位：Harvard University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT); Columbia University
摘要：The conventional wisdom for the health care sector is that idiosyncratic features leave little scope for market forces to allocate consumers to higher performance producers. However, we find robust evidence across several different conditions and performance measures that higher quality hospitals have higher market shares and grow more over time. The relationship between performance and allocation is stronger among patients who have greater scope for hospital choice, suggesting that patient de...
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作者：Campbell, John Y.
作者单位：Harvard University; National Bureau of Economic Research
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作者：Diaz, Delavane; Keller, Klaus
作者单位：Electric Power Research Institute (EPRI); Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
