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作者:Fernandez-Villaverde, Jesus; Rubio-Ramirez, Juan F.; Sargent, Thomas J.; Watson, Mark W.
作者单位:University of Pennsylvania; National Bureau of Economic Research; Duke University; New York University; Federal Reserve System - USA; Federal Reserve Bank - Atlanta; Princeton University; Princeton University
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作者:Atkeson, Andrew; Burstein, Ariel
作者单位:University of California System; University of California Los Angeles
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作者:Burnside, Craig; Eichenbaum, Martin; Rebelo, Sergio
作者单位:Duke University; Northwestern University; Northwestern University
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作者:Jackson, Matthew O.; Yariv, Leeat
作者单位:Stanford University; California Institute of Technology
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作者:Acemoglu, Daron; Antras, Pol; Helpman, Elhanan
作者单位:Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Center for Economic & Policy Research (CEPR); Harvard University; National Bureau of Economic Research
摘要:We develop a tractable framework for the analysis of the relationship between contractual incompleteness, technological complementarities, and technology adoption. In our model, a firm chooses its technology and investment levels in contractible activities by suppliers of intermediate inputs. Suppliers then choose investments in noncontractible activities, anticipating payoffs from an ex post bargaining game. We show that greater contractual incompleteness leads to the adoption of less advance...
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作者:[Anonymous]
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作者:Rossi-Hansberg, Esteban; Wright, Mark L. J.
作者单位:Princeton University; University of California System; University of California Los Angeles
摘要:This paper presents a theory of establishment size dynamics based on the accumulation of industry-specific human capital that simultaneously rationalizes the economy-wide facts on establishment growth rates, exit rates, and size distributions. The theory predicts that establishment growth and net exit rates should decline faster with size, and that the establishment size distribution should have thinner tails, in sectors that use specific human capital less intensively. We establish that there...
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作者:Tomz, Michael; Goldstein, Judith L.; Rivers, Douglas
作者单位:Stanford University
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作者:Koszegi, Botond; Rabin, Matthew
作者单位:University of California System; University of California Berkeley
摘要:We use Koszegi and Rabin's (2006) model of reference-dependent utility, and an extension of it that applies to decisions with delayed consequences, to study preferences over monetary risk. Because our theory equates the reference point with recent probabilistic beliefs about outcomes, it predicts specific ways in which the environment influences attitudes toward modest-scale risk. It replicates classical prospect theory-including the prediction of distaste for insuring losses-when exposure to ...
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作者:Bourguignon, Francois; Sundberg, Mark
作者单位:The World Bank