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作者：Rostek, Marzena; Yoder, Nathan
作者单位：University of Wisconsin System; University of Wisconsin Madison; University System of Georgia; University of Georgia
摘要：In this paper, we show that stable outcomes exist in matching environments with complementarities, such as social media platforms or markets for patent licenses. Our results apply to both nontransferable and transferable utility settings, and allow for multilateral agreements and those with externalities. In particular, we show that stable outcomes in these settings are characterized by the largest fixed point of a monotone operator, and so can be found using an algorithm; in the nontransferab...
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作者：Fajgelbaum, Pablo D.; Schaal, Edouard
作者单位：University of California System; University of California Los Angeles; National Bureau of Economic Research; Centre de Recerca en Economia Internacional (CREI); Pompeu Fabra University; Barcelona School of Economics; Center for Economic & Policy Research (CEPR)
摘要：We study optimal transport networks in spatial equilibrium. We develop a framework consisting of a neoclassical trade model with labor mobility in which locations are arranged on a graph. Goods must be shipped through linked locations, and transport costs depend on congestion and on the infrastructure in each link, giving rise to an optimal transport problem in general equilibrium. The optimal transport network is the solution to a social planner's problem of building infrastructure in each li...
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作者：Santos, Andres
作者单位：University of California System; University of California Los Angeles
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作者：Honore, Bo E.; Hu Luojia
作者单位：Princeton University; Federal Reserve System - USA; Federal Reserve Bank - Chicago
摘要：It is well understood that classical sample selection models are not semiparametrically identified without exclusion restrictions. Lee (2009) developed bounds for the parameters in a model that nests the semiparametric sample selection model. These bounds can be wide. In this paper, we investigate bounds that impose the full structure of a sample selection model with errors that are independent of the explanatory variables but have unknown distribution. The additional structure can significant...
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作者：DeJarnette, Patrick; Dillenberger, David; Gottlieb, Daniel; Ortoleva, Pietro
作者单位：Waseda University; University of Pennsylvania; University of London; London School Economics & Political Science; Princeton University; Princeton University
摘要：We study preferences over lotteries in which both the prize and the payment date are uncertain. In particular, a time lottery is one in which the prize is fixed but the date is random. With Expected Discounted Utility, individuals must be risk seeking over time lotteries (RSTL). In an incentivized experiment, however, we find that almost all subjects violate this property. Our main contributions are theoretical. We first show that within a very broad class of models, which includes many forms ...
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作者：Morris, Stephen
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作者：Canen, Nathan; Kendall, Chad; Trebbi, Francesco
作者单位：University of Houston System; University of Houston; University of Southern California; University of British Columbia; Canadian Institute for Advanced Research (CIFAR); National Bureau of Economic Research
摘要：This paper investigates the determinants of political polarization, a phenomenon of increasing relevance in Western democracies. How much of polarization is driven by divergence in the ideologies of politicians? How much is instead the result of changes in the capacity of parties to control their members? We use detailed internal information on party discipline in the context of the U.S. Congress-whip count data for 1977-1986-to identify and structurally estimate an economic model of legislati...
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作者：Bowles, Samuel
作者单位：The Santa Fe Institute
摘要：Treating civic preferences as endogenous and government policies and tax capacities as both an influence on and a consequence of their evolution is an important new strand of thinking to which Besley has contributed. I ask: Does his model provide a convincing explanation of the way that civic cultures and the expansion of the state evolved as a matter of historical fact? And I suggest a number of alternative modeling approaches that both would recognize that policy makers take account of the e...
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作者：Alfonsi, Livia; Bandiera, Oriana; Bassi, Vittorio; Burgess, Robin; Rasul, Imran; Sulaiman, Munshi; Vitali, Anna
作者单位：University of California System; University of California Berkeley; University of London; London School Economics & Political Science; University of London; London School Economics & Political Science; University of Southern California; University of London; University College London; Bangladesh Rural Advancement Committee BRAC
摘要：We design a labor market experiment to compare demand- and supply-side policies to tackle youth unemployment, a key issue in low-income countries. The experiment tracks 1700 workers and 1500 firms over four years to compare the effect of offering workers either vocational training (VT) or firm-provided training (FT) for six months in a common setting where youth unemployment is above 60%. Relative to control workers, we find that, averaged over three post-intervention years, FT and VT workers:...
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作者：Corno, Lucia; Hildebrandt, Nicole; Voena, Alessandra
作者单位：Catholic University of the Sacred Heart; Boston Consulting Group (BCG); National Bureau of Economic Research; University of Chicago; Center for Economic & Policy Research (CEPR)
摘要：We study how aggregate economic conditions affect the timing of marriage, and particularly child marriage, in Sub-Saharan Africa and in India. In both regions, substantial monetary or in-kind transfers occur with marriage: bride price across Sub-Saharan Africa and dowry in India. In a simple equilibrium model of the marriage market in which parents choose when their children marry, income shocks affect the age of marriage because marriage payments are a source of consumption smoothing, particu...
