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作者：Vicente, Pedro C.
作者单位：Universidade Nova de Lisboa
摘要：Vote buying, i.e. cash for votes, happens frequently in many parts of the world. However, in the presence of secret ballots, there is no obvious way to enforce vote transactions. To infer effects of vote buying on electoral behaviour, I designed and conducted a randomised field experiment during an election in Sao Tome and Principe. I follow a voter education campaign against vote buying, using panel survey measurements as well as disaggregated electoral results. Results show that the campaign...
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作者：Ellis, Colin; Mumtaz, Haroon; Zabczyk, Pawel
作者单位：University of Birmingham; University of London; Queen Mary University London; Bank of England
摘要：We use a time-varying factor-augmented VAR to investigate changes in the transmission mechanism of economic shocks in the UK. Our estimates demonstrate the importance of time variation and suggest that monetary policy shocks had a bigger impact on inflation, equity prices and the exchange rate during the inflation targeting period. Changes in the transmission of policy shocks to bond yields point to more efficient management of long-run inflation expectations. Finally, we investigate responses...
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作者：Denicolo, Vincenzo; Zanchettin, Piercarlo
作者单位：University of Leicester; University of Bologna; Centre for Economic Policy Research - UK
摘要：Endogenous growth models may exhibit either under or over-investment in R&D. The possibility of over-investment is generally attributed to a business stealing effect that arises as the latest innovator destroys and/or appropriates previous incumbent's rents. We argue that this conventional wisdom is misleading. In standard models, business stealing by itself cannot result in excessive R&D. We explain the other effects that must be at work here, thus contributing towards a better understanding ...
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作者：Dustmann, Christian; Frattini, Tommaso
作者单位：University of London; University College London; University of Milan
摘要：We investigate the fiscal impact of immigration on the UK economy, with a focus on the period since 1995. Our findings indicate that, when considering the resident immigrant population in each year from 1995 to 2011, immigrants from the European Economic Area (EEA) have made a positive fiscal contribution, even during periods when the UK was running budget deficits, while Non-EEA immigrants, not dissimilar to natives, have made a negative contribution. For immigrants that arrived since 2000, c...
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作者：Dustmann, Christian; Frattini, Tommaso
作者单位：University of London; University College London
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作者：Hahn, Franz R.
作者单位：Johannes Kepler University Linz
摘要：In this article, I explore one of the channels through which culture may directly affect economic activities. I find evidence that common cultural heritage has a statistically and economically significant effect on cross-border bank loans (even after geographical closeness and institutional convergence have been taken into account) flowing from Austria's local and regional banks to clients residing in one of the neighbouring Eastern European EU member states. To compile formal statistical evid...
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作者：Barton, Jared; Castillo, Marco; Petrie, Ragan
作者单位：California State University System; California State University Channel Islands
摘要：Candidates spend considerable resources campaigning. Prior research indicates campaigning affects voting decisions but, as with advertising generally, what element of campaigning persuades - the content or its delivery method - is not fully understood. Using a field experiment in a 2010 general election for local office, we identify the mechanism behind one campaign method: candidate door-to-door canvassing. We vary both the method of contact and the information conveyed by campaign materials....
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作者：Cherchye, Laurens; Demuynck, Thomas; De Rock, Bram; De Witte, Kristof
作者单位：KU Leuven; Universite Libre de Bruxelles; Maastricht University
摘要：We focus on analysing cost minimising production behaviour in multi-output settings. We distinguish between two approaches for modelling the use of joint inputs. The cooperative approach assumes cost minimisation at the aggregate firm level, while the non-cooperative approach assumes cost minimisation at the level of the individual output division. Our framework extends the existing non-parametric framework for analysing single output production. An empirical application to the English and Wel...
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作者：Hurkens, Sjaak; Lopez, Angel L.
作者单位：Barcelona School of Economics; Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE); University of Navarra; IESE Business School; Autonomous University of Barcelona; University of Navarra; IESE Business School
摘要：We re-examine the literature on mobile termination in the presence of network externalities. Externalities arise when firms discriminate between on and off-net calls or when subscription demand is elastic. This literature predicts that profit decreases and consumer surplus increases when termination charges increase. This is puzzling as in reality regulators are pushing termination rates down while being opposed to do so by network operators. This puzzle is resolved when consumers' expectation...
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作者：Bengtsson, Niklas; Engstrom, Per
作者单位：Uppsala University
摘要：Results in behavioural economics suggest that material incentives can crowd out motivation if agents are mission-oriented rather than self-interested. We test this prediction on a sample of non-profit organisations in Sweden. Traditionally, contracts with the main principal (the Swedish foreign aid agency) have been based on trust and self-regulation. We designed a randomised policy experiment, effectively replacing the trust-based contract with an increased level of monitoring from the princi...
