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作者：Taylor, M. Scott
作者单位：University of Calgary; National Bureau of Economic Research
摘要：In the sixteenth century, North America contained 25 to 30 million buffalo; by the late nineteenth century fewer than 100 remained. While removing the buffalo east of the Mississippi took over 100 years, the remaining 10 to 15 million buffalo on the Great Plains were killed in a punctuated slaughter lasting little more than ten years. I employ theory, international trade statistics, and first-person accounts to argue the slaughter was initiated by a foreign-made innovation and fueled by a fore...
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作者：Ransom, Michael R.; Lambson, Val E.
作者单位：Brigham Young University
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作者：Sargent, Thomas J.; Surico, Paolo
作者单位：New York University; Centre for Economic Policy Research - UK; University of London; London Business School
摘要：By extending his data, we document the instability of low-frequency regression coefficients that Lucas (1980) used to express the quantity theory of money. We impute the differences in these regression coefficients to differences in monetary policies across periods. A DSGE model estimated over a subsample like Lucas's implies values of the regression coefficients that confirm Lucas's results for his sample period. But perturbing monetary policy rule parameters away from the values estimated ov...
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作者：Eggleston, Karen N.; Shah, Nilay D.; Smith, Steven A.; Berndt, Ernst R.; Newhouse, Joseph P.
作者单位：Stanford University; Mayo Clinic; Mayo Clinic; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Harvard University; Harvard University; Harvard Medical School; Harvard University; Harvard T.H. Chan School of Public Health; National Bureau of Economic Research
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作者：Ostrom, Elinor
作者单位：Indiana University System; Indiana University Bloomington; Arizona State University; Arizona State University-Tempe
摘要：It is instructive to read the article that Katharine Coman published in the first issue of the American Economic Review to gain insight into the problems of collective action related to irrigation in the American West. One gains further understanding of the problems Coman identifies by using a social-ecological system (Ostrom 2007, 2009) to organize the diverse variables identified by Coman. One gains a general lesson from this analysis that changing the formal governance structure of irrigati...
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作者：Pissarides, Christopher A.
作者单位：University of London; London School Economics & Political Science
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作者：Krasnokutskaya, Elena; Seim, Katja
作者单位：Johns Hopkins University; University of Pennsylvania
摘要：We use data from highway procurement auctions subject to California's Small Business Preference program to study the effect of bid preferences on auction outcomes. Our analysis is based on an estimated model of firms' bidding and participation decisions, which allows us to evaluate the effects of current and alternative policy designs. We show that incorporating participation responses significantly alters the assessment of preferential treatment policies. (JEL D44, H76, R42)
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作者：Conley, Dalton; Heerwig, Jennifer
作者单位：New York University
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作者：Gentzkow, Matthew; Shapiro, Jesse M.; Sinkinson, Michael
作者单位：University of Chicago; National Bureau of Economic Research; Harvard University
摘要：We use new data on entries and exits of US daily newspapers from 1869 to 2004 to estimate effects on political participation, party vote shares, and electoral competitiveness. Our identification strategy exploits the precise timing of these events and allows for the possibility of confounding trends. We focus our analysis on the years 18691928, and we use the remaining years of data to look at changes over time. We find that newspapers have a robust positive effect on political participation, ...
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作者：Chen, Roy; Chen, Yan
作者单位：University of Michigan System; University of Michigan; University of Michigan System; University of Michigan
摘要：When does a common group identity improve efficiency in coordination games? To answer this question, we propose a group-contingent social preference model and derive conditions under which social identity changes equilibrium selection. We test our predictions in the minimum-effort game in the laboratory under parameter configurations which lead to an inefficient low-effort equilibrium for subjects with no group identity. For those with a salient group identity, consistent with our theory, we f...
