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作者：Bloom, Nicholas; Liang, James; Roberts, John; Ying, Zhichun Jenny
作者单位：Stanford University; Centre for Economic Policy Research - UK; National Bureau of Economic Research; Peking University; Stanford University; Cornerstone Research
摘要：A rising share of employees now regularly engage in working from home (WFH), but there are concerns this can lead to shirking from home. We report the results of a WFH experiment at Ctrip, a 16,000-employee, NASDAQ-listed Chinese travel agency. Call center employees who volunteered to WFH were randomly assigned either to work from home or in the office for nine months. Home working led to a 13% performance increase, of which 9% was from working more minutes per shift (fewer breaks and sick day...
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作者：Farber, Henry S.
作者单位：Princeton University
摘要：I replicate and extend the seminal work of Camerer et al. (Labor Supply of New York City Cabdrivers: One Day at a Time,'' Quarterly Journal of Economics, 112 [1997], 407-441), who find that the wage elasticity of daily hours of work for New York City taxi drivers is negative and conclude that their labor supply behavior is consistent with reference dependence. In contrast, my analysis of the complete record of all trips taken in NYC taxi cabs from 2009 to 2013 shows that drivers tend to respon...
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作者：Bartling, Bjorn; Weber, Roberto A.; Yao, Lan
作者单位：University of Zurich; Shanghai University of Finance & Economics
摘要：This article studies socially responsible behavior in markets. We develop a laboratory product market in which low-cost production creates a negative externality for third parties, but where alternative production with higher costs mitigates the externality. Our first study, conducted in Switzerland, reveals a persistent preference among many consumers and firms for avoiding negative social impact in the market, reflected both in the composition of product types and in a price premium for soci...
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作者：Ivashina, Victoria; Scharfstein, David S.; Stein, Jeremy C.
作者单位：Harvard University; National Bureau of Economic Research
摘要：A large share of dollar-denominated lending is done by non-U.S. banks, particularly European banks. We present a model in which such banks cut dollar lending more than euro lending in response to a shock to their credit quality. Because these banks rely on wholesale dollar funding, while raising more of their euro funding through insured retail deposits, the shock leads to a greater withdrawal of dollar funding. Banks can borrow in euros and swap into dollars to make up for the dollar shortfal...
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作者：Agarwal, Sumit; Chomsisengphet, Souphala; Mahoney, Neale; Stroebel, Johannes
作者单位：National University of Singapore; United States Department of the Treasury; Office of the Comptroller of the Currency; University of Chicago; New York University
摘要：We analyze the effectiveness of consumer financial regulation by considering the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act. We use a panel data set covering 160 million credit card accounts and a difference-in-differences research design that compares changes in outcomes over time for consumer credit cards, which were subject to the regulations, to changes for small business credit cards, which the law did not cover. We estimate that regulatory limits on credit c...
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作者：Budish, Eric; Cramton, Peter; Shim, John
作者单位：University of Chicago; University System of Maryland; University of Maryland College Park
摘要：The high-frequency trading arms race is a symptom of flawed market design. Instead of the continuous limit order book market design that is currently predominant, we argue that financial exchanges should use frequent batch auctions: uniform price double auctions conducted, for example, every tenth of a second. That is, time should be treated as discrete instead of continuous, and orders should be processed in a batch auction instead of serially. Our argument has three parts. First, we use mill...
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作者：Jha, Saumitra
作者单位：Stanford University
摘要：The English Parliament's struggle for supremacy against monarchical dictatorship during the Civil War (1642-1648) was crucial for the establishment of representative government, yet its lessons continue to be debated. I exploit novel data on individual MPs drawn from 1,842 biographies to show that the conflict was over overseas interests and other factors over which the executive enjoyed broad constitutional discretion, rather than over domestic property rights. I further exploit the coinciden...
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作者：Burks, Stephen V.; Cowgill, Bo; Hoffman, Mitchell; Housman, Michael
作者单位：University of Minnesota System; University of Minnesota Morris; University of California System; University of California Berkeley; University of Toronto
摘要：Using personnel data from nine large firms in three industries (call centers, trucking, and high-tech), we empirically assess the benefit to firms of hiring through employee referrals. Compared to nonreferred applicants, referred applicants are more likely to be hired and more likely to accept offers, even though referrals and nonreferrals have similar skill characteristics. Referred workers tend to have similar productivity compared to nonreferred workers on most measures, but referred worker...
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作者：Augenblick, Ned; Niederle, Muriel; Sprenger, Charles
作者单位：Stanford University; Stanford University; National Bureau of Economic Research
摘要：Experimental tests of dynamically inconsistent time preferences have largely relied on choices over time-dated monetary rewards. Several recent studies have failed to find the standard patterns of present bias. However, such monetary studies contain often-discussed confounds. In this article, we sidestep these confounds and investigate choices over consumption (real effort) in a longitudinal experiment. We pair this effort study with a companion monetary discounting study. We confirm very limi...
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作者：Edelman, Benjamin; Wright, Julian
作者单位：National University of Singapore
摘要：Suppose an intermediary provides a benefit to buyers when they purchase from sellers using the intermediary's technology. We develop a model to show that the intermediary would want to restrict sellers from charging buyers more for transactions it intermediates. With this restriction an intermediary can profitably raise demand for its services by eliminating any extra price buyers face for purchasing through the intermediary. We show that this leads to inflated retail prices, excessive adoptio...
