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作者：Lemley, Mark A.; Feldman, Robin
作者单位：Stanford University
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作者：Moscarini, Giuseppe; Postel-Vinay, Fabien
作者单位：Yale University; National Bureau of Economic Research; University of London; University College London
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作者：Eliaz, Kfir; Spiegler, Ran
作者单位：Tel Aviv University; University of Michigan System; University of Michigan; University of London; University College London
摘要：We study decentralized mechanisms for allocating firms into search pools. The pools are created in response to noisy preference signals provided by consumers, who then browse the pools via costly random sequential search. Surplus-maximizing search pools are implementable in symmetric Nash equilibrium. Full extraction of the maximal surplus is implementable if and only if the distribution of consumer types satisfies a set of simple inequalities, which involve the relative fractions of consumers...
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作者：Bianchi, Javier
摘要：We develop a quantitative equilibrium model of financial crises to assess the interaction between ex post interventions in credit markets and the buildup of risk ex ante. During a systemic crisis, bailouts relax balance sheet constraints and mitigate the severity of the recession. Ex ante, the anticipation of such bailouts leads to an increase in risk-taking, making the economy more vulnerable to a financial crisis. We find that moral hazard effects are limited if bailouts are systemic and bro...
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作者：Ramondo, Natalia; Rodriguez-Clare, Andres; Saborio-Rodriguez, Milagro
作者单位：University of California System; University of California San Diego; National Bureau of Economic Research; University of California System; University of California Berkeley; Universidad Costa Rica
摘要：Because of scale effects, idea-based growth models imply that larger countries should be much richer than smaller ones. New trade models share the same counterfactual feature. In fact, new trade models exhibit other counterfactual implications associated with scale effects: import shares decrease and relative income levels increase too steeply with country size. We argue that these implications are largely a result of the standard assumption that countries are fully integrated domestically. We...
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作者：Serrato, Juan Carlos Suarez; Zidar, Owen
作者单位：Duke University; National Bureau of Economic Research; University of Chicago
摘要：This paper estimates the incidence of state corporate taxes on the welfare of workers, landowners, and firm owners using variation in state corporate tax rates and apportionment rules. We develop a spatial equilibrium model with imperfectly mobile firms and workers. Firm owners may earn profits and be inframarginal in their location choices due to differences in - location-specific productivities. We use the - reduced-form effects of tax changes to identify and estimate incidence as well as th...
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作者：Bagde, Surendrakumar; Epple, Dennis; Taylor, Lowell
作者单位：Carnegie Mellon University; National Bureau of Economic Research
摘要：Public policy in modern India features affirmative action programs intended to reduce inequality that stems from a - centuries-old caste structure and history of disparate treatment by gender. We study the effects of one such affirmative action program: an admissions policy that fixes percentage quotas, common across more than 200 engineering colleges, for disadvantaged castes and for women. We show that the program increases college attendance of targeted students, particularly at relatively ...
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作者：Dessein, Wouter; Galeotti, Andrea; Santos, Tano
作者单位：Columbia University; European University Institute
摘要：This paper studies optimal communication flows in organizations. A production process can be coordinated ex ante, by letting agents stick to a prespecified plan of action. Alternatively, agents may adapt to task-specific shocks, in which case tasks must be coordinated ex post, using communication. When attention is scarce, an optimal organization coordinates only a few tasks ex post. Those tasks are higher performing, more adaptive to the environment, and influential. Hence, scarce attention r...
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作者：Fagereng, Andreas; Guiso, Luigi; Malacrino, Davide; Pistaferri, Luigi
作者单位：Statistics Norway; Stanford University
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作者：Gourio, Francois; Messer, Todd; Siemer, Michael
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; University of California System; University of California Berkeley; Federal Reserve System - USA; Federal Reserve System Board of Governors
