-
作者：Calonico, Sebastian; Cattaneo, Matias D.; Titiunik, Rocio
作者单位：University of Miami; University of Michigan System; University of Michigan; University of Michigan System; University of Michigan
摘要：In the regression-discontinuity (RD) design, units are assigned to treatment based on whether their value of an observed covariate exceeds a known cutoff. In this design, local polynomial estimators are now routinely employed to construct confidence intervals for treatment effects. The performance of these confidence intervals in applications, however, may be seriously hampered by their sensitivity to the specific bandwidth employed. Available bandwidth selectors typically yield a large bandwi...
-
作者：Dippel, Christian
作者单位：University of California System; University of California Los Angeles
摘要：Studying Native American reservations, and their historical formation, I find that their forced integration of autonomous polities into a system of shared governance had large negative long-run consequences, even though the affected people were ethnically and linguistically homogenous. Reservations that combined multiple sub-tribal bands when they were formed are 30% poorer today, even when conditioning on pre-reservation political traditions. The results hold with tribe fixed effects, identif...
-
作者：Meyersson, Erik
作者单位：Stockholm School of Economics
摘要：Does Islamic political control affect women's empowerment? Several countries have recently experienced Islamic parties coming to power through democratic elections. Due to strong support among religious conservatives, constituencies with Islamic rule often tend to exhibit poor women's rights. Whether this reflects a causal relationship or a spurious one has so far gone unexplored. I provide the first piece of evidence using a new and unique data set of Turkish municipalities. In 1994, an Islam...
-
作者：Gentry, Matthew; Li, Tong
作者单位：University of London; London School Economics & Political Science; Vanderbilt University
摘要：This paper considers nonparametric identification of a two-stage entry and bidding game we call the Affiliated-Signal (AS) model. This model assumes that potential bidders have private values, observe signals of their values prior to entry, and then choose whether to undertake a costly entry process, but imposes only minimal structure on the relationship between signals and values. It thereby nests a wide range of entry processes, including in particular the Samuelson (1985) and Levin and Smit...
-
作者：Deb, Rahul; Mishra, Debasis
作者单位：University of Toronto; Indian Statistical Institute; Indian Statistical Institute Delhi
摘要：We study dominant strategy incentive compatibility in a mechanism design setting with contingent contracts where the payoff of each agent is observed by the principal and can be contracted upon. Our main focus is on the class of linear contracts (one of the most commonly used contingent contracts) which consist of a transfer and a flat rate of profit sharing. We characterize outcomes implementable by linear contracts and provide a foundation for them by showing that, in finite type spaces, eve...
-
作者：Buhai, I. Sebastian; Portela, Miguel A.; Teulings, Coen N.; van Vuuren, Aico
作者单位：Stockholm University; Universidade do Minho; University of Cambridge; University of Amsterdam; Vrije Universiteit Amsterdam
摘要：This study documents two empirical facts using matched employer-employee data for Denmark and Portugal. First, workers who are hired last, are the first to leave the firm. Second, workers' wages rise with seniority, where seniority is defined as a worker's tenure relative to the tenure of his colleagues. Controlling for tenure, the probability of a worker leaving the firm decreases with seniority. The increase in expected seniority with tenure explains a large part of the negative duration dep...
-
作者：Dupas, Pascaline
作者单位：Stanford University
摘要：Short-run subsidies for health products are common in poor countries. How do they affect long-run adoption? A common fear among development practitioners is that one-off subsidies may negatively affect long-run adoption through reference-dependence: People might anchor around the subsidized price and be unwilling to pay more for the product later. But for experience goods, one-off subsidies could also boost long-run adoption through learning. This paper uses data from a two-stage randomized pr...
-
作者：Wilson, Andrea
作者单位：University of Wisconsin System; University of Wisconsin Madison
摘要：Before choosing among two actions with state-dependent payoffs, a Bayesian decision-maker with a finite memory sees a sequence of informative signals, ending each period with fixed chance. He summarizes information observed with a finite-state automaton. I characterize the optimal protocol as an equilibrium of a dynamic game of imperfect recall; a new player runs each memory state each period. Players act as if maximizing expected payoffs in a common finite action decision problem. I character...
-
作者：Karaivanov, Alexander; Townsend, Robert M.
作者单位：Simon Fraser University; Massachusetts Institute of Technology (MIT)
摘要：We formulate and solve a range of dynamic models of constrained credit/insurance that allow for moral hazard and limited commitment. We compare them to full insurance and exogenously incomplete financial regimes (autarky, saving only, borrowing and lending in a single asset). We develop computational methods based on mechanism design, linear programming, and maximum likelihood to estimate, compare, and statistically test these alternative dynamic models with financial/information constraints. ...
-
作者：Phillips, Peter C. B.
作者单位：Yale University; University of Auckland; Singapore Management University; University of Southampton
摘要：Local to unity limit theory is used in applications to construct confidence intervals (CIs) for autoregressive roots through inversion of a unit root test (Stock (1991)). Such CIs are asymptotically valid when the true model has an autoregressive root that is local to unity (rho = 1 + c/n), but are shown here to be invalid at the limits of the domain of definition of the localizing coefficient c because of a failure in tightness and the escape of probability mass. Failure at the boundary impli...
