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作者：Gul, Faruk; Pesendorfer, Wolfgang
作者单位：Princeton University
摘要：A collective choice problem specifies a finite set of alternatives from which a group of expected utility maximizers must choose. We associate a collective pseudo market with every collective choice problem and establish the existence and efficiency of pseudo Lindahl equilibrium (PLE) allocations. We also associate a cooperative bargaining problem with every collective choice problem and define a set-valued solution concept, the omega-weighted Nash bargaining set where omega is a vector of wel...
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作者：Salant, Yuval; Spenkuch, Jorg L.
作者单位：Northwestern University; National Bureau of Economic Research
摘要：We develop a satisficing model of choice in which the available alternatives differ in their inherent complexity. We assume-and experimentally validate-that complexity leads to errors in the perception of alternatives' values. The model yields sharp predictions about the effect of complexity on choice probabilities, some of which qualitatively contrast with those of maximization-based choice models. We confirm the predictions of the satisficing model-and thus reject maximization-in a novel dat...
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作者：Goncalves, Duarte; Libgober, Jonathan; Willis, Jack
作者单位：University of London; University College London; University of Southern California; Columbia University
摘要：We modify a canonical experimental design to identify the effectiveness of retractions. Comparing beliefs after retractions to beliefs (1) without the retracted information and (2) after equivalent new information, we find that retractions result in diminished belief updating in both cases. We propose this reflects updating from retractions being more complex, and our analysis supports this: we find longer response times, lower accuracy, and higher variability. The results-robust across divers...
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作者：Tsakas, Elias
作者单位：Maastricht University
摘要：It is well-known that individual beliefs cannot be identified using traditional choice data, unless we exogenously assume state-independent utilities. In this paper, I propose a novel methodology that solves this long-standing identification problem in a simple way. This method relies on extending the state space by introducing a proxy, for which the agent has no stakes conditional on the original state space. The latter allows us to identify the agent's conditional beliefs about the proxy giv...
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作者：Carlitz, Ruth; Morjaria, Ameet; Mueller, Joris; Osafo-Kwaako, Philip
作者单位：University of Amsterdam; Northwestern University; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; National University of Singapore
摘要：Diversity can pose fundamental challenges to state building and development. The Tanzanian Ujamaa policy-one of post-colonial Africa's largest state-building experiments-addressed these challenges by resettling a diverse population in planned villages, where children received political education. We combine differences in exposure to Ujamaa across space and age to identify long-term impacts of the policy. Analysis of contemporary surveys shows persistent, positive effects on national identity ...
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作者：Ignaszak, Marek; Sedlacek, Petr
作者单位：European Commission Joint Research Centre; EC JRC ISPRA Site; University of New South Wales Sydney
摘要：Business dynamism-the process of firm entry, growth and exit-lies at the heart of modern endogenous growth models. While productivity differences have traditionally been seen as the main driving forces of business dynamism, a growing body of evidence suggests that customer acquisition is at least as important. In light of this evidence, we propose a novel endogenous growth model in which innovating firms must first acquire customers to sell their products. Estimating our model with aggregate a...
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作者：Ahlvik, Lassi; Andersen, Jorgen Juel; Hamang, Jonas Hveding; Harding, Torfinn
作者单位：University of Helsinki; BI Norwegian Business School; Kristiania University of Applied Sciences
摘要：What are the effects of supply-side climate policies in the oil market? We use global company-level data to estimate the impact of 84 reforms of production taxes between 2000 and 2019 on oil production, exploration, and discoveries. We find that higher taxes primarily reduce companies' exploration expenditures and oil discoveries, and also reduce short-term production of unconventional oil. We then quantify the implications for the oil market using a short- and medium-term dynamic model extend...
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作者：Han, Lu; Ngai, L. Rachel; Sheedy, Kevin D.
作者单位：University of Wisconsin System; University of Wisconsin Madison; University of London; Centre for Economic Policy Research - UK; London School Economics & Political Science; University of London; London School Economics & Political Science
摘要：Using sales and leasing data, this paper finds three novel effects of a higher property transaction tax: higher buy-to-rent transactions alongside lower buy-to-own transactions despite both being taxed, a lower sales-to-leases ratio, and a lower price-to-rent ratio. This paper explains these facts by developing a search model with entry of investors and households, households choosing to own or rent in the presence of credit frictions, and homeowners deciding when to move house. A higher trans...
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作者：Chen, Heng; Chen, Yuyu; Yang, Qingxu
作者单位：University of Hong Kong; Peking University
摘要：Our study analyses 6 million civil judgments in China from 2014 to 2018, documenting gender disparities that disfavour female litigants. We investigate the impact of an open justice reform that mandated courts to broadcast legal proceedings live on a centralized online platform. By exploiting variations in its implementation across courts and over time and employing both difference-in-differences and Bartik IV approaches, we find that gender disparities in chances of winning decrease as broadc...
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作者：Coulomb, Renaud; Henriet, Fanny; Reitzmann, Leo
作者单位：University of Melbourne; Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Paris School of Economics
摘要：Not all barrels of oil are created equal: their extraction varies in both private cost and carbon intensity. Leveraging a comprehensive micro-dataset on world oil fields, alongside detailed estimates of carbon intensities and private extraction costs, this study quantifies the additional emissions and costs from having extracted the wrong deposits. We do so by comparing historical deposit-level supplies to counterfactuals that factor in pollution costs, while keeping annual global consumption ...
