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作者：Petersen, Luba; Winn, Abel
作者单位：Simon Fraser University; Chapman University System; Chapman University
摘要：This paper experimentally investigates whether money illusion generates substantial nominal inertia. Building on the design of Fehr and Tyran (2001), we find no evidence that agents choose high nominal payoffs over high real payoffs. However, participants do select prices associated with high nominal payoffs within a set of maximum real payoffs as a heuristic to simplify their decision task. The cognitive challenge of this task explains the majority of the magnitude of nominal inertia; money i...
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作者：Fairlie, Robert W.; Hoffmann, Florian; Oreopoulos, Philip
作者单位：University of California System; University of California Santa Cruz; University of British Columbia; University of Toronto; National Bureau of Economic Research; Canadian Institute for Advanced Research (CIFAR)
摘要：Administrative data from a large and diverse community college are used to examine if underrepresented minority students benefit from taking courses with underrepresented minority instructors. To identify racial interactions, we estimate models that include both student and classroom fixed effects and focus on students with limited choice in courses. We find that the performance gap in terms of class dropout rates and grade performance between white and underrepresented minority students falls...
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作者：Beaudry, Paul; Green, David A.; Sand, Benjamin M.
作者单位：University of British Columbia; National Bureau of Economic Research; York University - Canada
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作者：Fernald, John G.; Jones, Charles I.
作者单位：Federal Reserve System - USA; Federal Reserve Bank - San Francisco; Stanford University
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作者：Varian, Hal R.; Harris, Christopher
作者单位：Alphabet Inc.; Google Incorporated; Alphabet Inc.; Google Incorporated
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作者：Clemens, Jeffrey; Gottlieb, Joshua D.
作者单位：University of California System; University of California San Diego; National Bureau of Economic Research; University of British Columbia
摘要：We investigate whether physicians' financial incentives influence health care supply, technology diffusion, and resulting patient outcomes. In 1997, Medicare consolidated the geographic regions across which it adjusts physician payments, generating area-specific price shocks. Areas with higher payment shocks experience significant increases in health care supply. On average, a 2 percent increase in payment rates leads to a 3 percent increase in care provision. Elective procedures such as catar...
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作者：Gentzkow, Matthew; Kamenica, Emir
作者单位：University of Chicago; National Bureau of Economic Research
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作者：Board, Simon; Pycia, Marek
作者单位：University of California System; University of California Los Angeles
摘要：A buyer wishes to purchase a good from a seller who chooses a sequence of prices over time. Each period the buyer can also exercise an outside option, abandoning their search or moving on to another seller. We show there is a unique equilibrium in which the seller charges a constant price in every period equal to the monopoly price, contravening the Coase conjecture. We then embed the single-seller model into a search framework and show the result provides a foundation for the usual no hagglin...
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作者：Arceo-Gomez, Eva O.; Campos-Vazquez, Raymundo M.
作者单位：Centro de Investigacion y Docencia Economicas A.C. (CIDE); Colegio de Mexico
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作者：Bednar, Steven; Gicheva, Dora
作者单位：Elon University; University of North Carolina; University of North Carolina Greensboro
