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作者:Agarwal, Sumit; Qian, Wenlan; Reeb, David M.; Sing, Tien Foo
作者单位:National University of Singapore; National University of Singapore
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作者:Azomahou, Theophile T.; Boucekkine, Raouf; Diene, Bity
作者单位:Maastricht University; Centre National de la Recherche Scientifique (CNRS); Aix-Marseille Universite; Aix-Marseille Universite
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作者:Bergemann, Dirk; Morris, Stephen
作者单位:Yale University; Princeton University
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作者:Feldstein, Martin
作者单位:Harvard University; National Bureau of Economic Research
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作者:Foster, Lucia; Grim, Cheryl; Haltiwanger, John; Wolf, Zoltan
作者单位:University System of Maryland; University of Maryland College Park
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作者:Luo, Hong; Mortimer, Julie Holland
作者单位:Harvard University; Boston College; National Bureau of Economic Research
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作者:Chari, V. V.; Kehoe, Patrick J.
作者单位:University of Minnesota System; University of Minnesota Twin Cities; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; University of London; University College London
摘要:A common view is that bailouts of firms by governments are needed to cure inefficiencies in private markets. We propose an alternative view: even when private markets are efficient, costly bankruptcies will occur and benevolent governments without commitment will bail out firms to avoid bankruptcy costs. Bailouts then introduce inefficiencies where none had existed. Although granting the government orderly resolution powers which allow it to rewrite private contracts improves on bailout outcom...
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作者:Ellison, Glenn; Swanson, Ashley
作者单位:Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; University of Pennsylvania
摘要:This paper uses data from the American Mathematics Competitions to examine the rates at which different high schools produce-high-achieving math students. There are large differences in the frequency with which students from seemingly similar schools reach high achievement levels. The distribution of unexplained school effects includes a thick tail of schools that produce many more high-achieving students than is typical. Several additional analyses suggest that the differences are not primari...
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作者:Emerick, Kyle; de Janvry, Alain; Sadoulet, Elisabeth; Dar, Manzoor H.
作者单位:Tufts University; University of California System; University of California Berkeley
摘要:We use a randomized experiment in India to show that improved technology enhances agricultural productivity by crowding in modern inputs and cultivation practices. Specifically, we show that a new rice variety that reduces downside risk by providing flood tolerance has positive effects on adoption of a more labor-intensive planting method, area cultivated, fertilizer usage, and credit utilization. We find that a large share of the expected gains from the technology comes from crowding in of ot...
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作者:Brynjolfsson, Erik; McElheran, Kristina
作者单位:Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; University of Toronto