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作者：Jang, Youngsoo
作者单位：University of Queensland; University of Queensland
摘要：I study how credit and default affect optimal health insurance, constructing a life-cycle model of health investment with a strategic default option on emergency room bills and financial debts. The model is calibrated to the U.S. economy and used to compare the optimal policy for Medicaid by the availability of the default option and credit. I find that strategic default induces the optimal policy to be more redistributive. With (Without) the option, the optimal income threshold for Medicaid e...
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作者：Anesi, Vincent; Safronov, Mikhail
作者单位：University of Luxembourg; University of Cambridge; University of Luxembourg
摘要：We study the impact of deliberation rules on collective learning and decision making in committees. In contrast to much of the existing literature, this article makes a distinction between the final votes over policy proposals and the cloture votes that bring them about. We show how deliberation rules can cause Pareto-inefficient outcomes and failures to bring good proposals to a final vote, and how they affect the distribution of power among committee members in the deliberative process. We f...
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作者：Asturias, Jose; Rossbach, Jack
作者单位：Qatar Foundation (QF); Georgetown University in Qatar
摘要：A striking feature of microlevel plant data is the presence of significant variation in factor cost shares across plants within an industry. We develop a methodology based on cluster analysis to decompose cost shares into idiosyncratic and group-specific components. We apply our methodology to Chilean plant-level data and find that group-specific variation accounts for approximately one-third of the variation in cost shares. We study the implications of these groups in cost shares on the gains...
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作者：Maibom, Jonas
作者单位：Aarhus University; IZA Institute Labor Economics; Aarhus University
摘要：This article estimates a model of job search with utility costs and benefits triggered by mandatory reemployment programs. I use data from an experiment that generates exogenous variation in the threat of program participation and an increase in the job finding rate. I calculate the impact of the experiment on worker welfare, and find that participants would be willing to give up 1.5-1.7 weeks of unemployment benefits to avoid participation. These welfare costs vary across workers and are larg...
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作者：Fan, Xinyu; Wu, Lingwei
作者单位：Fudan University
摘要：This article presents a theory that explains the rise of foot-binding in historical China, in response to a gender-asymmetric social mobility shock that dispersed men's quality distribution in the marriage market. The theory characterizes the marriage market equilibrium and women's competition strategies before and after the shock. Empirical evidence using archival data corroborates the theoretical predictions that greater men's social mobility opportunities encouraged foot-binding and that a ...
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作者：Inderst, Roman; Obradovits, Martin
作者单位：Goethe University Frankfurt; University of Innsbruck
摘要：In a variety of purchasing situations, consumers may focus primarily on headline prices, disregarding the full costs associated with acquiring and maintaining a product or service contract. Even when this is the case, the literature has delineated various circumstances where intense competition can protect consumers through the so-called waterbed effect. In this article, we however show that when consumers have context-dependent preferences, competition may rather exacerbate their and society'...
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作者：Falcettoni, Elena; Nygaard, Vegard M.
作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; University of Houston System; University of Houston
摘要：We use an expected utility model to examine how living standards, or welfare, vary across the United States and how each state's welfare has evolved over time, accounting for cross-state variations in mortality, consumption, education, leisure, and inequality. We find considerable cross-state heterogeneity in welfare levels. This is robust to allowing for endogenous interstate migration and to computing welfare conditional on education, gender, and race. Although states experienced heterogeneo...
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作者：Gans, Joshua S.
作者单位：University of Toronto; National Bureau of Economic Research
摘要：Vaccine hesitancy is modeled as an endogenous decision within a behavioral epidemiological model with endogenous agent activity. It is shown that policy interventions that directly target costs associated with vaccine adoption may counter vaccine hesitancy whereas those that manipulate the utility of unvaccinated agents will either lead to the same or lower rates of vaccine adoption. This latter effect arises with vaccine passports whose effects are mitigated in equilibrium by reductions in vi...
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作者：Hua, Xinyu; Spier, Kathryn E.
作者单位：Hong Kong University of Science & Technology; Harvard University
摘要：A firm licenses a product to overlapping generations of heterogeneous consumers. Consumers may purchase the product, pirate/steal it, or forego it. Higher consumer types enjoy higher gross benefits and are caught stealing at a higher rate. The firm may commit to an out-of-court settlement policy that is soft on pirates, so high types purchase the product and low types steal it until caught. Settlement contracts, which include both cash payments and licenses for future product use, facilitate p...
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作者：Sun, Yang; Zhao, Wei; Zhou, Junjie
作者单位：Southwestern University of Finance & Economics - China; Renmin University of China; Tsinghua University
摘要：Two types of interventions are commonly implemented in networks: characteristics interventions, which influence individuals' intrinsic incentives, and structural interventions, which target the social links among individuals. In this article, we provide a general framework to evaluate the distinct equilibrium effects of both types of interventions. We show that any structural intervention is outcome-equivalent to an endogenously determined characteristics intervention. We present a wide range ...
