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作者：Aidt, Toke S.; Franck, Raphael
作者单位：University of Cambridge; University of Cambridge; Leibniz Association; Ifo Institut; Bar Ilan University; Brown University
摘要：We examine the link between the threat of violence and democratization in the context of the Great Reform Act passed by the British Parliament in 1832. We geo-reference the so-called Swing riots, which occurred between the 1830 and 1831 parliamentary elections, and compute the number of these riots that happened within a 10 km radius of the 244 English constituencies. Our empirical analysis relates this constituency-specific measure of the threat perceptions held by the 344,000 voters in the U...
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作者：Kochov, Asen
作者单位：University of Rochester
摘要：This paper axiomatizes an intertemporal version of the maxmin expected-utility model. It employs two axioms specific to a dynamic setting. The first requires that smoothing consumption across states of the world is more beneficial to the individual than smoothing consumption across time. Such behavior is viewed as the intertemporal manifestation of ambiguity aversion. The second axiom extends Koopmans' notion of stationarity from deterministic to stochastic environments.
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作者：Pakes, A.; Porter, J.; Ho, Kate; Ishii, Joy
作者单位：Harvard University; University of Wisconsin System; University of Wisconsin Madison; Columbia University
摘要：This paper provides conditions under which the inequality constraints generated by either single agent optimizing behavior or the best response condition of multiple agent problems can be used as a basis for estimation and inference. An application illustrates how the use of these inequality constraints can simplify the analysis of complex behavioral models.
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作者：Reny, Philip J.
作者单位：University of Chicago
摘要：For an arbitrary data set D = {(p, x)} ((m)(+)\ {0}) x (m)(+), finite or infinite, it is shown that the following three conditions are equivalent: (a) D satisfies GARP; (b) D can be rationalized by a utility function; (c) D can be rationalized by a utility function that is quasiconcave, nondecreasing, and that strictly increases when all its coordinates strictly increase. Examples of infinite data sets satisfying GARP are provided for which every utility rationalization fails to be lower semic...
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作者：Cherchye, Laurens; De Rock, Bram; Lewbel, Arthur; Vermeulen, Frederic
作者单位：KU Leuven; Universite Libre de Bruxelles; Boston College; KU Leuven
摘要：We propose a method to set identify bounds on the sharing rule for a general collective household consumption model. Unlike the effects of distribution factors, the level of the sharing rule cannot be uniquely identified without strong assumptions on preferences across households. Our new results show that, though not point identified without these assumptions, strong bounds on the sharing rule can be obtained. We get these bounds by applying revealed preference restrictions implied by the col...
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作者：Magill, Michael; Quinzii, Martine; Rochet, Jean-Charles
作者单位：University of Southern California; University of California System; University of California Davis; University of Zurich; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：There is a widely held view within the general public that large corporations should act in the interests of a broader group of agents than just their shareholders (the stakeholder view). This paper presents a framework where this idea can be justified. The point of departure is the observation that a large firm typically faces endogenous risks that may have a significant impact on the workers it employs and the consumers it serves. These risks generate externalities on these stakeholders whic...
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作者：Salanie, Bernard
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作者：Ackerberg, Daniel A.; Caves, Kevin; Frazer, Garth
作者单位：University of Michigan System; University of Michigan; University of Toronto; University Toronto Scarborough; University of Toronto; University of Toronto
摘要：This paper examines some of the recent literature on the estimation of production functions. We focus on techniques suggested in two recent papers, Olley and Pakes (1996) and Levinsohn and Petrin (2003). While there are some solid and intuitive identification ideas in these papers, we argue that the techniques can suffer from functional dependence problems. We suggest an alternative approach that is based on the ideas in these papers, but does not suffer from the functional dependence problems...
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作者：Card, David; Lee, David S.; Pei, Zhuan; Weber, Andrea
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; IZA Institute Labor Economics; Princeton University; Cornell University; University of Mannheim
摘要：We consider nonparametric identification and estimation in a nonseparable model where a continuous regressor of interest is a known, deterministic, but kinked function of an observed assignment variable. We characterize a broad class of models in which a sharp Regression Kink Design (RKD or RK Design) identifies a readily interpretable treatment-on-the-treated parameter (Florens, Heckman, Meghir, and Vytlacil (2008)). We also introduce a fuzzy regression kink design generalization that allows ...
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作者：Kitagawa, Toru
作者单位：University of London; University College London
摘要：This paper develops a specification test for instrument validity in the heterogeneous treatment effect model with a binary treatment and a discrete instrument. The strongest testable implication for instrument validity is given by the condition for nonnegativity of point-identifiable compliers' outcome densities. Our specification test infers this testable implication using a variance-weighted Kolmogorov-Smirnov test statistic. The test can be applied to both discrete and continuous outcome ca...
