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作者：Smeulders, Bart; Cherchye, Laurens; De Rock, Bram; Spieksma, Frits C. R.
作者单位：KU Leuven; Universite Libre de Bruxelles
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作者：Spulber, Daniel F.
作者单位：Northwestern University
摘要：Competition and intellectual property (IP) protections are complements in stimulating innovation. When IP is appropriable, a market for inventions forms and competitive pressures increase incentives to innovate. Competition among producers, the demand side of the market for inventions, and competition among inventors, the supply side of the market for inventions, create incentives to innovate. When IP is not fully appropriable, markets for inventions are limited and competitive pressures can d...
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作者：Lagos, Ricardo
作者单位：New York University
摘要：It is folklore among monetary theorists that, under laissez faire, without ad hoc assumptions that favor money over bonds, there do not exist equilibria in which government-issued fiat money coexists with nominal default-free, interest-bearing government bonds with similar physical characteristics. This proposition is the basis for the strongest version of the rate-of-return-dominance puzzle. In this paper I show that if-as has been the case throughout monetary history-the physical object used...
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作者：Levitt, Steven D.; List, John A.; Syverson, Chad
作者单位：University of Chicago; National Bureau of Economic Research
摘要：We investigate learning by doing using detailed data from a major auto producer''s assembly plant. We focus on the acquisition, aggregation, transmission, and embodiment of the knowledge stock built through learning. We find that most knowledge was not retained by plant workers despite their importance as a learning conduit. This is consistent with the plant''s systems for productivity measurement and improvement. We further explore how learning at the hundreds of processes along the productio...
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作者：Wallace, Neil
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
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作者：Ramondo, Natalia; Rodriguez-Clare, Andres
作者单位：Arizona State University; Arizona State University-Tempe; University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：This paper quantifies the gains from openness arising from trade and multinational production (MP). We present a model that captures key dimensions of the interaction between these two flows: trade and MP are competing ways to serve a foreign market, MP relies on imports of intermediate goods from the home country, and foreign affiliates of multinationals can export part of their output. The calibrated model implies that the gains from trade can be twice as high as the gains calculated in trad...
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作者：Gurdal, Mehmet Y.; Miller, Joshua B.; Rustichini, Aldo
作者单位：Bogazici University; Bocconi University; University of Minnesota System; University of Minnesota Twin Cities
摘要：We provide experimental evidence that subjects blame others on the basis of events they are not responsible for. In our experiment an agent chooses between a lottery and a safe asset; payment from the chosen option goes to a principal, who then decides how much to allocate between the agent and a third party. We observe widespread blame: regardless of their choice, agents are blamed by principals for the outcome of the lottery, an event they are not responsible for. We provide an explanation o...
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作者：Golosov, Mikhail; Maziero, Pricila; Menzio, Guido
作者单位：Princeton University; National Bureau of Economic Research; University of Pennsylvania
摘要：This paper studies the optimal redistribution of income inequality caused by the presence of search and matching frictions in the labor market. We study this problem in the context of a directed search model of the labor market populated by homogeneous workers and heterogeneous firms. The optimal redistribution can be attained using a positive unemployment benefit and an increasing and regressive labor income tax. The positive unemployment benefit serves the purpose of lowering the search risk...
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作者：Koriyama, Yukio; Laslier, Jean-Francois; Mace, Antonin; Treibich, Rafael
作者单位：Institut Polytechnique de Paris; Ecole Polytechnique; Centre National de la Recherche Scientifique (CNRS)
摘要：This paper provides a theoretical foundation that supports the degressive proportionality principle in apportionment problems, such as the allocation of seats in a federal parliament. The utility assigned by an individual to a constitutional rule is a function of the frequency with which each collective decision matches the individual's own will. The core of the argument is that, if the function is concave, then classical utilitarianism at the social level recommends decision rules that exhibi...
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作者：Hatfield, John William; Kominers, Scott Duke; Nichifor, Alexandru; Ostrovsky, Michael; Westkamp, Alexander
作者单位：University of Texas System; University of Texas Austin; Harvard University; University of Chicago; University of St Andrews; Stanford University; Maastricht University
摘要：We introduce a model in which agents in a network can trade via bilateral contracts. We find that when continuous transfers are allowed and utilities are quasi-linear, the full substitutability of preferences is sufficient to guarantee the existence of stable outcomes for any underlying network structure. Furthermore, the set of stable outcomes is essentially equivalent to the set of competitive equilibria, and all stable outcomes are in the core and are efficient. By contrast, for any domain ...
