The American Economic Review

最新文章

• Innovation and Institutional Ownership AI翻译
  作者：Aghion, Philippe; Van Reenen, John; Zingales, Luigi
  作者单位：Harvard University; University of London; London School Economics & Political Science; University of Chicago; National Bureau of Economic Research
  摘要：We find that greater institutional ownership is associated with more innovation. To explore the mechanism, we contrast the lazy manager hypothesis with a model where institutional owners increase innovation incentives through reducing career risks. The evidence favors career concerns. First, we find complementarity between institutional ownership and product market competition, whereas the lazy manager hypothesis predicts substitution. Second, CEOs are less likely to be fired in the face of pr...
• Adverse Selection and Inertia in Health Insurance Markets: When Nudging Hurts AI翻译
  作者：Handel, Benjamin R.
  作者单位：University of California System; University of California Berkeley
  摘要：This paper investigates consumer inertia in health insurance markets, where adverse selection is a potential concern. We leverage a major change to insurance provision that occurred at a large firm to identify substantial inertia, and develop and estimate a choice model that also quantifies risk preferences and ex ante health risk. We use these estimates to study the impact of policies that nudge consumers toward better decisions by reducing inertia. When aggregated, these improved individual-...
• Two Happiness Puzzles AI翻译
  作者：Deaton, Angus; Stone, Arthur A.
  作者单位：Princeton University; State University of New York (SUNY) System; Stony Brook University
• SSI for Disabled Immigrants: Why Do Ethnic Networks Matter? AI翻译
  作者：Furtado, Delia; Theodoropoulos, Nikolaos
  作者单位：University of Connecticut; University of Cyprus
• Access to Credit by Firms in Sub-Saharan Africa: How Relevant is Gender? AI翻译
  作者：Asiedu, Elizabeth; Kalonda-Kanyama, Isaac; Ndikumana, Leonce; Nti-Addae, Akwasi
  作者单位：University of Kansas; University of Johannesburg; University of Massachusetts System; University of Massachusetts Amherst; University of Kansas
• Place Based Policies with Unemployment AI翻译
  作者：Kline, Patrick; Moretti, Enrico
  作者单位：University of California System; University of California Berkeley
• Misclassification Errors and the Underestimation of the US Unemployment Rate AI翻译
  作者：Feng, Shuaizhang; Hu, Yingyao
  作者单位：Shanghai University of Finance & Economics; Johns Hopkins University
• Reverse Bayesianism: A Choice-Based Theory of Growing Awareness AI翻译
  作者：Karni, Edi; Viero, Marie-Louise
  作者单位：Johns Hopkins University; Queens University - Canada
  摘要：This article introduces a new approach to modeling the expanding universe of decision makers in the wake of growing awareness, and invokes the axiomatic approach to model the evolution of decision makers' beliefs as awareness grows. The expanding universe is accompanied by extension of the set of acts, the preference relations over which are linked by a new axiom, invariant risk preferences, asserting that the ranking of lotteries is independent of the set of acts under consideration. The main...
• Bailouts and the Optimal Taxation of Bonus Pay AI翻译
  作者：Besley, Timothy; Ghatak, Maitreesh
  作者单位：University of London; London School Economics & Political Science
• What Do Instrumental Variable Models Deliver with Discrete Dependent Variables? AI翻译
  作者：Chesher, Andrew; Rosen, Adam M.
  作者单位：University of London; University College London; University of London; University College London