Economic Journal

最新文章

• THE MOVEMENT OF REAL AND MONEY WAGE RATES AI翻译
  作者：Dunlop, John T.
• The Causes and Consequences of Organised Crime: Preliminary Evidence Across Countries AI翻译
  作者：Pinotti, Paolo
  作者单位：Bocconi University
• Demand for Slant: How Abstention Shapes Voters' Choice of News Media AI翻译
  作者：Oliveros, Santiago; Vardy, Felix
  作者单位：University of Essex; University of California System; University of California Berkeley; International Monetary Fund
  摘要：Political commentators warn that the fragmentation of the modern media landscape induces voters to withdraw into information cocoons' and segregate along ideological lines. We show that the option to abstain breaks ideological segregation and generates cross-over' in news consumption: voters with considerable leanings towards a candidate demand information that is less biased towards that candidate than voters who are more centrist. This non-monotonicity in the demand for slant makes voters' i...
• Inequality Constraints and Euler Equation-based Solution Methods AI翻译
  作者：Rendahl, Pontus
  作者单位：University of Cambridge; Centre for Economic Policy Research - UK
  摘要：Solving dynamic models with inequality constraints poses a challenging problem for two major reasons: dynamic programming techniques are reliable but often slow, whereas Euler equation-based methods are faster but have problematic or unknown convergence properties. This study attempts to bridge this gap. I show that a common iterative procedure on the first-order conditions - usually referred to as time iteration - delivers a sequence of approximate policy functions that converges to the true ...
• TO SLOW OR NOT TO SLOW: THE ECONOMICS OF THE GREENHOUSE EFFECT AI翻译
  作者：Nordhaus, William D.
  作者单位：Yale University
• COMPETITION, DISCLOSURE AND SIGNALLING AI翻译
  作者：Janssen, Maarten C. W.; Roy, Santanu
  作者单位：University of Vienna; University of London; London School Economics & Political Science; Southern Methodist University
  摘要：Competition creates strategic incentives for firms to communicate private information about product quality through signalling rather than voluntary disclosure. In a duopoly where firms may disclose quality before setting prices and prices may signal quality, non-disclosure by all firms may often be the unique symmetric outcome even if disclosure cost vanishes. A high-quality firm may not disclose even if it has strong competitive advantage over a low-quality rival. This provides an alternativ...
• Competition and Increasing Returns to Scale: A Model of Bank Size AI翻译
  作者：Wang, Tianxi
  作者单位：University of Essex
  摘要：This study examines the causal effects of bank size on banks' survival, asset quality and leverage. Two forces drive these effects: increasing returns to scale derived from banks' expertise and competition. The first enables bigger banks to survive competition better, have higher asset quality and be more leveraged. It drives banks into a race for expansion. This race toughens competition between banks, which edges out small banks and may worsen all banks' asset quality. Consequently, the bank...
• DURATION AND TERM STRUCTURE OF TRADE AGREEMENTS AI翻译
  作者：Guriev, Sergei; Klimenko, Mikhail
  作者单位：Centre for Economic Policy Research - UK; University System of Georgia; Georgia Institute of Technology; Saint Petersburg State University
  摘要：We use a dynamic incomplete contracting model to show that time structure of trade agreements is related to the characteristics of trade-facilitating investments. If these investments are specialised to trade in a particular homogeneous good, fixed-term agreements are more likely. Fixed-term agreements provide incentives for the initial investment but leave the parties the flexibility to revisit the need for future investment. If the agreement covers trade in multiple sectors or differentiated...
• THE PRODUCTIVITY OF WORKING HOURS AI翻译
  作者：Pencavel, John
  作者单位：Stanford University
  摘要：Observations on munition workers, most of them women, are organised to examine the relationship between their output and their working hours. The relationship is non-linear: below an hour's threshold, output is proportional to hours; above a threshold, output rises at a decreasing rate as hours increase. Implications of this finding for the estimation of labour supply functions are considered. The findings also link up with the current research on the effects of long working hours on accidents...
• Does Management Matter in schools? AI翻译
  作者：Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; Van Reenen, John
  作者单位：Stanford University; Centre for Economic Policy Research - UK; National Bureau of Economic Research; University of Cambridge; Harvard University; University of London; London School Economics & Political Science
  摘要：We collect data on management practices in over 1,800 high schools in eight countries. We show that higher management quality is strongly associated with better educational outcomes. The UK, Sweden, Canada and the US obtain the highest management scores, followed by Germany, with a gap before Italy, Brazil and India. We also show that autonomous government schools (government funded but with substantial independence like UK academies and US charters) have higher management scores than regular ...