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作者：Alsan, Marcella; Garrick, Owen; Graziano, Grant
作者单位：Harvard University; University of California System; University of California Berkeley
摘要：We study the effect of physician workforce diversity on the demand for preventive care among African American men. In an experiment in Oakland, California, we randomize black men to black or non-black male medical doctors. We use a two-stage design, measuring decisions before (pre-consultation) and after (post-consultation) meeting their assigned doctor. Subjects select a similar number of preventives in the pre-consultation stage, but are much more likely to select every preventive service, p...
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作者：Asriyan, Vladimir; Fuchs, William; Green, Brett
作者单位：Barcelona School of Economics; Pompeu Fabra University; Center for Economic & Policy Research (CEPR); University of Texas System; University of Texas Austin; Universidad Carlos III de Madrid; Washington University (WUSTL)
摘要：We develop a rational theory of liquidity sentiments in which the market outcome in any given period depends on agents' expectations about market conditions in future periods. Our theory is based on the interaction between adverse selection and resale considerations giving rise to an intertemporal coordination problem that yields multiple self-fulfilling equilibria. We construct sentiment equilibria in which sunspots generate fluctuations in prices, volume, and welfare, all of which are positi...
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作者：Cerreia-Vioglio, Simone; Dillenberger, David; Ortoleva, Pietro; Riella, Gil
作者单位：Bocconi University; Bocconi University; University of Pennsylvania; Princeton University; Princeton University; Getulio Vargas Foundation
摘要：We study stochastic choice as the outcome of deliberate randomization. We derive a general representation of a stochastic choice function where stochasticity allows the agent to achieve from any set the maximal element according to her underlying preferences over lotteries. We show that in this model stochasticity in choice captures complementarily between elements in the set, and thus necessarily implies violations of Regularity/Monotonicity, one of the most common properties of stochastic ch...
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作者：Caselli, Francesco; Ciccone, Antonio
作者单位：University of London; London School Economics & Political Science; Center for Economic & Policy Research (CEPR); University of Mannheim; Barcelona School of Economics; Pompeu Fabra University
摘要：Jones (2014) examines development accounting with imperfect substitutability between different types of skills in the production of output. He finds that human capital variation can account for the totality of the variation in income across countries. We show that this finding is entirely due to an assumption that the relative wage of skilled workers is solely determined by attributes of workers (once the supply of skilled workers is accounted for). If skill premia are predominantly determined...
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作者：Rao, Gautam
作者单位：Harvard University; National Bureau of Economic Research
摘要：I exploit a natural experiment in Indian schools to study how being integrated with poor students affects the social behaviors and academic outcomes of rich students. Using administrative data, lab and field experiments to measure outcomes, I find that having poor classmates makes rich students (i) more prosocial, generous, and egalitarian; and (ii) less likely to discriminate against poor students, and more willing to socialize with them. These effects are driven by personal interactions betw...
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作者：De Groote, Olivier; Verboven, Frank
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; KU Leuven; Center for Economic & Policy Research (CEPR)
摘要：We study a generous program to promote the adoption of solar photovoltaic (PV) systems through subsidies on future electricity production, rather than through upfront investment subsidies. We develop a tractable dynamic model of new technology adoption, also accounting for local market heterogeneity. We identify the discount factor from demand responses to variation that shifts expected future but not current utilities. Despite the massive adoption, we find that households significantly discou...
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作者：Kurlat, Pablo
作者单位：Stanford University
摘要：I study expertise acquisition in a model of trading under asymmetric information. I propose and implement a method to measure r, the ratio of the marginal social value to the marginal private value of expertise. This can be decomposed into three sufficient statistics: traders' average profits, the fraction of bad assets among traded assets, and the elasticity of good assets traded with respect to capital inflows. I measure r = 0.16 for the junk bond underwriting market. Since this is less than...
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作者：Coibion, Olivier; Gorodnichenko, Yuriy; Hong, Gee Hee
作者单位：University of Texas System; University of Texas Austin; University of California System; University of California Berkeley; International Monetary Fund
摘要：We address how using different censoring thresholds and imputation procedures affects the baseline results of Coibion, Gorodnichenko, and Hong (2015). Higher censoring thresholds introduce measurement error and outliers that generate wide variability in results across weighting schemes, but methods that explicitly control for outliers confirm the results of Coibion, Gorodnichenko, and Hong (2015) for all censoring thresholds. We also illustrate how the BIS's approach to imputing missing prices...
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作者：Borenstein, Severin; Bushnell, James; Wolak, Frank A.; Zaragoza-Watkins, Matthew
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; University of California System; University of California Davis; Stanford University; Vanderbilt University
摘要：We study potential equilibria in California's cap-and-trade market for greenhouse gases (GHGs) based on information available before the market started. We find large ex ante uncertainty in business-as-usual emissions and in the abatement that might result from non-market policies, much larger than the reduction that could plausibly occur in response to an allowance price within a politically acceptable range. This implies that the market price is very likely to be determined by an administrat...
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作者：Andrews, Isaiah; Kasy, Maximilian
作者单位：Harvard University; Harvard University
摘要：Some empirical results are more likely to be published than others. Selective publication leads to biased estimates and distorted inference. We propose two approaches for identifying the conditional probability of publication as a function of a study's results, the first based on systematic replication studies and the second on meta-studies. For known conditional publication probabilities, we propose bias-corrected estimators and confidence sets. We apply our methods to recent replication stud...
