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作者：Martin, Julien; Pesendorfer, Martin; Shannon, Jack
作者单位：University of London; London School Economics & Political Science
摘要：Common values auction models, where bidder decisions depend on noisy signals of common values, provide predictions about Bayesian Nash equilibrium (BNE) outcomes. In settings where these common values can be estimated, these predictions can be tested. We propose a series of tests, robust to assumptions about the signal structure, to determine whether the observed data could have been generated by a Bayesian Nash equilibrium. In the setting of oil and gas lease auctions in New Mexico, we find e...
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作者：Khan, Muhammad Yasir
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：This paper studies, through a randomized field experiment involving community health workers in Pakistan, if public sector organizations can improve worker performance by investing in their mission motivation. The findings reveal that training aimed at strengthening mission motivation improves workers' performance in their core responsibility of monthly household visits, as well as in multiple tasks performed during and outside these visits. This holistic improvement in performance leads to im...
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作者：Haushofer, Johannes; Niehaus, Paul; Paramo, Carlos; Miguel, Edward; Walker, Michael
作者单位：Cornell University; University of California System; University of California San Diego; University of California System; University of California Berkeley; National Bureau of Economic Research; University of California System; University of California Berkeley
摘要：A large literature has examined how best to target antipoverty programs to those most deprived in some sense (e.g., consumption). We examine the potential trade-off between this objective and targeting those most impacted by such programs. We work in the context of an NGO cash transfer program in Kenya, employing recent advances in machine learning methods and dynamic outcome data to learn proxy means tests that jointly target both objectives. Targeting solely on the basis of deprivation is no...
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作者：Costantini, Sydney
作者单位：University of California System; University of California Berkeley
摘要：With a growing mental health crisis and a shortage of behavioral health specialists, those seeking mental health treatment often face long wait times to obtain care. I study how clinic congestion affects mortality for veterans experiencing mental health emergencies. I find that longer waiting times make it more likely that patients miss their follow-up mental health visit, consequently increasing the probability that they permanently disengage from care. A 1 standard deviation increase in wait...
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作者：Greenwald, Daniel l.; Guren, Adam
作者单位：New York University; National Bureau of Economic Research; Boston University
摘要：Did credit drive the 2000s housing cycle? The existing literature's findings range from credit having no effect to credit explaining most of the cycle. We show that these disparate results hinge on the extent to which landlords absorb credit-driven demand, which depends on the degree of housing market segmentation. We develop a model that nests cases between the extremes of no segmentation and perfect segmentation typically considered, estimate an elasticity that pins down the degree of segmen...
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作者：Kantor, Shawn; Whalley, Alexander
作者单位：State University System of Florida; Florida State University; National Bureau of Economic Research; University of Calgary
摘要：We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War-era space race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending. Our results demonstrate that public R&D conducted by NASA contractors increased manufacturing value added, employment, and capital accumulation in space-related sectors. While migration responses were important, they were not sufficient to gen...
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作者：Allen, Franklin; Barlevy, Gadi; Gale, Douglas
作者单位：Imperial College London; Federal Reserve System - USA; Federal Reserve Bank - Chicago; New York University
摘要：Gall (2014) showed that a monetary policy rule that raises rates when bubbles exceed some steady-state benchmark can paradoxically lead to larger deviations from steady state. Nevertheless, this comment shows that a central bank can always dampen a bubble by setting a higher-than-expected rate, although it may have to raise the rate aggressively. This is a different point from the Miao, Shen, and Wang (2019) comment on Gall (2014). They showed that when the central bank targets a different ste...
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作者：Acampora, Michelle; Casaburi, Lorenzo; Willis, Jack
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich; University of Zurich; Columbia University
摘要：Do land market frictions cause misallocation in agriculture? In a field experiment in western Kenya, we randomly subsidize owners to rent out land. Induced rentals mostly persist after the subsidy ends and increase output and value added, consistent with misallocation. Gains from trade arise from renters choosing higher-value crops, having higher productivity, and adopting more nonlabor inputs, while renters use similar quantities of labor as owners. Induced rentals are not those with the larg...
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作者：Davis, Steven J.; Krolikowski, Pawel M.
作者单位：Stanford University; Federal Reserve System - USA; Federal Reserve Bank - Cleveland
摘要：We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage stickiness on the layoff margin. A majority of UI recipients would accept pay cuts of 5-10 percent to save their jobs, and one-third would accept a 25 percent cut. Yet worker-employer discussions about cuts in pay, benefits, or hours in lieu of layoffs are exceedingly rare. Roughly one-quarter of the layoffs in our sample violate the theoretical condition for bilaterally effic...
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作者：Godlonton, Susan; Theoharides, Caroline
作者单位：Williams College; Amherst College
摘要：International migrants may facilitate the transmission of ideas across countries. We examine the impact of migrant exposure to reproductive health policies on origin-country fertility in the Philippines. We exploit temporal variation in destination-country reproductive health policies combined with spatial variation across Philippine provinces in their migration intensity and historical composition of migrant destinations. Migrant exposure to more liberalized reproductive health policies reduc...
