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作者：Caoui, El Hadi; Steck, Andrew
作者单位：University of Toronto; University Toronto Mississauga; University of Toronto
摘要：In many industries, buyers diversify their supplier base to manage supplier disruption risk. We investigate the importance of such diversification as a determinant of demand and supplier entry in the context of the internet backbone, the worldwide network of undersea fibre-optic cables that underpins the internet. We specify a model of international bandwidth demand and cable operators' dynamic entry and supply choices. The model is estimated using novel data on cross-border data flows, prices...
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作者：Cullen, Zoe; Li, Shengwu; Perez-Truglia, Ricardo
作者单位：Harvard University; University of California System; University of California Los Angeles
摘要：Firms are allowed to use aggregate data on market salaries to set pay, a practice known as salary benchmarking. Using national payroll data, we study firms that gain access to a tool that reveals market benchmarks for each job title. Using a difference-in-differences design, we find that the benchmark information reduces salary dispersion by 25%. Thus, salary dispersion must stem partly from aggregate uncertainty about the salaries offered by other firms. Our model formalizes how salary disper...
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作者：DellaVigna, Stefano; Kim, Woojin
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; Stanford University
摘要：Economists have studied the impact of numerous state laws, from welfare rules to voting ID requirements. Yet for all this policy evaluation, what do we know about policy diffusion-how these policies are introduced and spread from state to state? We present a series of facts based on a data set of 602 U.S. state policies spanning the past seven decades. First, proxies of state capacity do not predict a higher likelihood of innovating new policies, but the political leaning of the state does pre...
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作者：Freyberger, Joachim
作者单位：University of Bonn
摘要：An important class of structural models studies the determinants of skill formation and the optimal timing of interventions. In this article, I provide new identification results for these models and investigate the effects of seemingly innocuous scale and location restrictions on parameters of interest. To do so, I first characterize the identified set of all parameters without these additional restrictions and show that important policy-relevant parameters are point identified under weaker a...
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作者：Celentano, Francesco; Rempel, Mark
作者单位：University of Lausanne; Swiss Finance Institute (SFI); University of Toronto
摘要：How much does firm intangibility amplify CEOs' persistent private information and reduce firms' public listing propensity? We develop a model of competing public and private investors financing firms heterogeneously exposed to persistent private cash flows. Equilibrium financing is driven by information rent differentials in CEO compensation. We validate and structurally estimate the model using firm listing and CEO compensation data. We find private (intangible) cash flows exhibit 63% higher ...
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作者：Shofia, Naila Maya
作者单位：National University of Singapore
摘要：We show that the emergence of new economic opportunities that draw women away from their traditional domestic roles has significantly influenced the adoption of religious veiling. We measure the prevalence of veiling among young women across Indonesia's districts for more than two decades by hand-coding around a quarter million photographs attached to Indonesia's public high school registers. To establish causality, we exploit exogenous variation generated by international demand for Indonesia...
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作者：Gruber, Jonathan; Lin, Mengyun; Liu, Haoming; Yi, Junjian
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Xiamen University; National University of Singapore; Peking University
摘要：We document that the source of funds for paying health insurance premiums has a dramatic impact on plan choices. We focus on the MediSave programme in Singapore, a medical savings account that is used to pay out-of-pocket medical spending. Residents can also pay their health insurance premiums with cash or MediSave funds, but are subject to limits that vary by age and over time. By exploiting variations in those limits, we consistently find that when individuals are able to pay their health in...
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作者：Bhalotra, Sonia; Britto, Diogo G. C.; Pinotti, Paolo; Sampaio, Breno
作者单位：Centre for Economic Policy Research - UK; University of Warwick; University of Milano-Bicocca; Bocconi University; Bocconi University; Universidade Federal de Pernambuco
摘要：We estimate impacts of male job loss, female job loss, and male unemployment benefits on domestic violence (DV) in Brazil. We merge individual-level employment and welfare registers with different measures of DV: judicial cases brought to criminal courts, the use of public shelters by victims, and mandatory DV notifications by health providers. Leveraging mass layoffs for identification, we first show that both male and female job loss, independently, lead to large, and pervasive increases in ...
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作者：Quispe-Torreblanca, Edika; Gathergood, John; Loewenstein, George; Stewart, Neil
作者单位：University of Leeds; University of Nottingham; Carnegie Mellon University; University of Warwick
摘要：We study attention utility, the hedonic pleasure or pain derived purely from paying attention to information, which differs from the news utility that arises from gaining new information. The main, field, study examines brokerage account login data to show that investors pay disproportionate attention to already-known positive information on their stocks. Through its effect on logins, this selective attention affects their trading activity. Three experimental studies then show that (1) investo...
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作者：Elliott, Matthew; Galeotti, Andrea; Koh, Andrew; Li, Wenhao
作者单位：University of Cambridge; University of London; London Business School; Massachusetts Institute of Technology (MIT); University of Hong Kong
摘要：We explore the power that precise information about consumers' preferences grants an intermediary in shaping competition. We think of an intermediary as an information designer who chooses what information to reveal to firms, which then compete & agrave; la Bertrand in a differentiated product market. We analyse the information designs that maximize consumer and producer surplus and uncover systematic differences in how information can be used to intensify or soften competition. Our analysis d...
