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作者：Campolmi, Alessia; Fadinger, Harald; Forlati, Chiara
作者单位：University of Verona; Centre for Economic Policy Research - UK; University of Southampton
摘要：Should trade agreements constrain domestic policies? We analyse this question using a model with monopolistic competition and constant-elasticity-of-substitution demand. We develop a welfare decomposition to show that welfare changes induced by trade and domestic policies can be decomposed into consumption and production efficiencies and terms-of-trade effects. We analyse the reasons to sign trade agreements and compare shallow and deep trade agreements, modelled according to GATT-WTO rules. U...
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作者：Gollin, Douglas; Wolfersberger, Julien
作者单位：AgroParisTech; Tufts University; University of Oxford; AgroParisTech; Universite Paris Saclay; INRAE
摘要：In this paper, we study how new roads affect the spatial patterns of agricultural production and consequently impact deforestation and development outcomes, focusing on the historical experience of Brazil. We find that the expansion of Brazil's road network since the 1990s can account for nearly a tenth of the total amount of deforestation that the country has experienced, with significant variation across regions. Perhaps surprisingly, our results suggest that the increase in agricultural inc...
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作者：Meng, Juanjuan; Wang, Hui; Yang, Yu (Alan); Zhang, Mingshan
作者单位：Peking University; China United Network Communications Limited
摘要：Low fertility presents a major challenge for many nations. We study whether restricting competition-driven private tutoring can enhance fertility intentions by analysing China's 2021 private tutoring ban. Using nationwide surveys, we elicit respondents' fertility intentions under scenarios with and without the policy. The tutoring ban significantly increases expected total fertility by 7%-8%, with larger effects in cities under greater policy intensity. Decomposition reveals that the primary d...
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作者：Veiga, Francisco Jose; Veiga, Linda Goncalves; Swank, Otto
作者单位：Universidade do Minho; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：Political agency models predict that electoral concerns induce politicians to put effort into making policies that benefit citizens. We exploit the introduction of mayoral term limits in Portugal to investigate how electoral incentives affect incumbents' efforts to obtain EU grants. We focus on EU grants because getting them requires effort. Moreover, by obtaining EU grants, mayors can do more for their citizens. We focus on Portugal because it provides a quasi-natural experimental setting to ...
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作者：Markiewicz, Agnieszka; Silvestrini, Riccardo
作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Tinbergen Institute; University of Naples Federico II
摘要：In recent decades, market power has been on the rise, although its increase varies between sectors. We argue that this heterogeneity can be partially attributed to sector-specific differences in turbulence dynamics. Turbulence, a measure of firms' churn over the revenue productivity distribution, reflects firms' ability to sustain their productivity over time. In a dynamic oligopolistic competition model, an increase in turbulence accelerates the turnover of leaders, and triggers reallocation ...
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作者：Liu, Manwei; Zhang, Sili
作者单位：Nanjing Audit University; University of Munich
摘要：Can people counteract biased narratives with subsequent information? Using an online experiment where counteracting may have the best odds by design, we investigate this question by first randomly assigning subjects to read different narratives that contain the same facts, and then offering them the opportunity to acquire and process balanced arguments. We document three main findings. First, subjects shift their attitudes towards the standpoint of the randomly assigned narrative, knowing that...
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作者：Mysliwski, Mateusz; Sanches, Fabio Miessi; Silva Junior, Daniel; Srisuma, Sorawoot
作者单位：Norwegian School of Economics (NHH); Getulio Vargas Foundation; City St Georges, University of London; National University of Singapore
摘要：We propose a dynamic oligopoly pricing model, in which consumers' choices exhibit inertia and firms face costly price adjustments. The primitives of the model are estimated using scanner data from the UK butter and margarine industry. We evaluate the effects of frictions on price dynamics, profits and consumer welfare. We find that price adjustment costs are substantial and represent between 24%-34% of net margins. Our model predicts that the absence of these costs reduces persistence in price...
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作者：Halim, Edward; Riyanto, Yohanes E.; Roy, Nilanjan; Wang, Yan
作者单位：Nanyang Technological University; City University of Hong Kong; Fudan University; City University of Hong Kong
摘要：We design an experiment to analyse the consequences of dark trading in a financial market. The channel through which dark trading affects market efficiency critically depends on how information regarding fundamentals is distributed among investors. When information is concentrated in the hands of a few investors, possibly due to sparse investor connectedness or low media coverage, dark trading primarily impacts market efficiency by deteriorating the quality of asset prices. When information is...
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作者：Bakhtiar, M. Mehrab; Fafchamps, Marcel; Goldstein, Markus; Leonard, Kenneth L.; Papineni, Sreelakshmi
作者单位：CGIAR; International Food Policy Research Institute (IFPRI); Stanford University; The World Bank; University System of Maryland; University of Maryland Baltimore
摘要：We conduct an original lab-in-the-field experiment on the decision-making process of married couples over the allocation of rival and non-rival household goods. The experiment measures individual preferences over allocations and traces the process of deferral, consultation, communication and accommodation by which couples implement these preferences. We find few differences in individual preferences over allocations of goods. However, wives and husbands have strong preferences over process: wo...
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作者：Katovich, Erik; Moffette, Fanny
作者单位：University of Connecticut; University of Quebec; University of Quebec Montreal
摘要：Land conversion to agriculture is a defining environmental challenge for tropical regions. We construct a novel panel dataset of land-use changes on the properties of municipal politicians and campaign donors in the Brazilian Amazon to assess channels through which local politics may drive land conversion. Estimating event studies around close mayoral elections, we find that large landholders significantly increase soy cultivation while the candidate they donated to is in office. This suggests...
