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作者：Heese, Carl; Lauermann, Stephan
作者单位：University of Hong Kong; University of Bonn; Centre for Economic Policy Research - UK
摘要：This paper studies a large majority election with voters who have heterogeneous private preferences and exogenous private information about an unknown state of the world. We show that a Bayesian persuader can achieve any state-contingent outcome in some equilibrium by providing additional information. In this setting, without the persuader's additional information, a version of the Condorcet jury theorem holds, in the sense that outcomes of large elections satisfy full-information equivalence....
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作者：Annan, Francis
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：Misconduct-market actions that are unethical and indicative of fraud-is a significant yet poorly understood issue that underlies many economic transactions. We design a field experiment to study the impact of two-sided antimisconduct information programs, which we deploy on the local markets for mobile money (human ATMs) in Ghana. The programs lead to a large reduction in misconduct (-21 percentage points=-72%) and, as a result, broader improvements in overall market activity, consumer welfare...
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作者：Alessandria, George; Khan, Shafaat Yar; Khederlarian, Armen; Ruhl, Kim J.; Steinberg, Joseph B.
作者单位：University of Rochester; National Bureau of Economic Research; Syracuse University; City University of New York (CUNY) System; Hunter College (CUNY); University of Wisconsin System; University of Wisconsin Madison; University of Toronto
摘要：We study China's export growth to the United States from 1950-2008, using a structural model to disentangle the effects of past tariff changes from the effects of changes in expectations of future tariffs. We find that the effects of China's 1980 Normal Trade Relations (NTR) grant lasted past its 2001 accession to the World Trade Organization (WTO), and the likelihood of losing NTR status decreased significantly during 1986-92 but changed little thereafter. US manufacturing employment trends s...
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作者：Demirer, Mert; Karaduman, Omer
作者单位：Massachusetts Institute of Technology (MIT); Stanford University
摘要：We analyze acquisitions in US power plants by using rich data on hourly productivity and thousands of ownership changes. We find a 2% average increase in efficiency for acquired plants, beginning 5 months after acquisition. Efficiency gains rise to 5% under direct ownership changes, with no significant change when only parent ownership changes. Investigating the mechanisms, three-quarters of the efficiency gain is attributed to increased productive efficiency, while the rest comes from dynamic...
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作者：Giuntella, Osea; Saccardo, Silvia; Sadoff, Sally
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; IZA Institute Labor Economics; National Bureau of Economic Research; Carnegie Mellon University; University of California System; University of California San Diego
摘要：In a field experiment among US university students, incentives for sleep increase both sleep and academic performance. Our primary intervention pairs bedtime reminders with morning feedback and immediate rewards for sleeping at least 7 hours on weeknights. The intervention raises the share of weeknights with 7+ hours of sleep by 26% and average sleep by 19 minutes during a 4-week treatment period, with posttreatment effects of 8 minutes. Immediate incentives outperform both delayed incentives ...
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作者：Zame, William R.; Tungodden, Bertil; Sorensen, Erik O.; Kariv, Shachar; Cappelen, Alexander W.
作者单位：University of California System; University of California Los Angeles; Norwegian School of Economics (NHH); University of California System; University of California Berkeley
摘要：We provide necessary and sufficient conditions for linking preferences for personal and social consumption and attitudes toward risk. We also offer an experimental test of the theory in which subjects were confronted with risky personal choices, riskless social choices, and risky social choices. Revealed preference tests show that subject choices are generally consistent within each choice domain but frequently involve at least some errors. We test for consistency across choice domains using a...
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作者：Pycia, Marek; Woodward, Kyle
作者单位：University of Zurich
摘要：Pay-as-bid (or discriminatory or multiple-price) auctions are used to sell homogenous goods, such as treasury securities and commodities. We prove the uniqueness of their pure-strategy Bayesian Nash equilibrium and establish a tractable representation of equilibrium bids for symmetrically informed bidders. Analyzing design, we show that supply transparency and full disclosure are revenue maximizing in pay-as-bid, though not necessarily in uniform-price (or single-price), auctions-the main alte...
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作者：Aizawa, Naoki; Ko, Ami
作者单位：University of Wisconsin System; University of Wisconsin Madison; National Bureau of Economic Research; Georgetown University
摘要：While the traditional role of insurers is to provide protection against individuals' idiosyncratic risks, insurers themselves face substantial uncertainties due to aggregate shocks. To prevent insurers from passing these aggregate risks onto consumers, governments have increasingly adopted dynamic pricing regulations, which limit insurers' ability to change premiums over time. We evaluate dynamic pricing regulation using an equilibrium model of the US long-term care insurance market, featuring...
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作者：Ash, Elliott; Morelli, Massimo; Vannoni, Matia
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich; Centre for Economic Policy Research - UK; Bocconi University; University of London; King's College London
摘要：This paper analyzes the conditions under which more legislation contributes to economic growth. In the context of US states, we apply natural language processing tools to measure legislative flows for the years 1965-2012. We implement a novel shift-share design for text data, where the instrument for legislation is leave-one-out legal topic flows interacted with pretreatment legal topic shares. We find that at the margin, higher legislative output causes more economic growth. Consistent with m...
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作者：Maskin, E.; Saari, D. G.
