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作者：Butler, Jeffrey V.; Giuliano, Paola; Guiso, Luigi
作者单位：Nevada System of Higher Education (NSHE); University of Nevada Las Vegas; University of California System; University of California Los Angeles
摘要：Individuals' beliefs about the trustworthiness of a generic member of the population are both heterogeneous across individuals and persistent across generations. We investigate one mechanism yielding these dual patterns: false consensus. In the context of a trust game experiment, we show that the relationship between behavior and beliefs is consistent with individuals extrapolating their trust beliefs from their own trustworthiness and that this tendency continues even after substantial learni...
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作者：Peer, Stefanie; Verhoef, Erik; Knockaert, Jasper; Koster, Paul; Tseng, Yin-Yen
作者单位：Vrije Universiteit Amsterdam; Vienna University of Economics & Business; Tinbergen Institute
摘要：Earlier studies on scheduling behavior have mostly ignored that consumers have more flexibility to adjust their schedule in the long run than in the short run. We introduce the distinction between long-run choices of travel routines and short-run choices of departure times, using data from a real-life peak avoidance experiment. We find that participants value travel time higher in the long-run context, supposedly because changes in travel time can be exploited better through the adjustment of ...
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作者：Beauchamp, Andrew
作者单位：Boston College; University System of Ohio; Wright State University Dayton
摘要：The U.S. abortion market has grown increasingly concentrated recently, while many states tightened abortion laws. Using data on abortion providers, I estimate an equilibrium model of demand, price competition, entry and exit, to capture the effect of regulation on industry dynamics. Estimates show regulations played an important role in determining the abortion market structure and evolution. Counterfactual simulations reveal increases in demand-aimed regulation were the most important observe...
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作者：Song, Minjae
摘要：In this article, I consider a new discrete choice model of differentiated product demand that distinguishes a brand-level differentiation from a product-level differentiation. The model is a hybrid of the random coefficient logit model of Berry etal. (Econometrica 63 (1995), 841-90) and the pure characteristics model of Berry and Pakes (International Economic Review 48 (2007), 1193-1225) and describes markets where firms offer multiple products of different qualities under the same brand name....
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作者：Eckstein, Zvi; Lifshitz, Osnat
作者单位：Reichman University; Academic College of Tel Aviv Yaffo
摘要：Are changing social norms affecting the employment rates of women? A model is built in which the employment of husbands and wives is the outcome of potentially exogenously determined three different types of household games: the Classical household, where the spouses play a Stackelberg leader game in which the wife's labor supply decision is based on her husband's employment outcome; the Modern household, which is characterized by a symmetric and simultaneous game solved as a Nash equilibrium,...
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作者：Fang, Hanming; Wang, Yang
作者单位：University of Pennsylvania; Lafayette College
摘要：We extend the semiparametric estimation method for dynamic discrete choice models using Hotz and Miller's (Review of Economic Studies 60 (1993), 497-529) conditional choice probability approach to the setting where individuals may have hyperbolic discounting time preferences and may be naive about their time inconsistency. We illustrate the proposed identification and estimation method with an empirical application of adult women's decisions to undertake mammography to evaluate the importance ...
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作者：Dillenberger, David; Segal, Uzi
作者单位：University of Pennsylvania; Boston University; University of Warwick
摘要：Machina (American Economic Review 99 (2009), 385-392; American Economic Review 104 (2014), 3814-40) lists a number of situations where Choquet expected utility, as well as other known models of ambiguity aversion, cannot capture plausible features of ambiguity attitudes. Most of these problems arise in choice over prospects involving three or more outcomes. We show that the recursive nonexpected utility model of Segal (International Economic Review 28 (1987), 175-202) is rich enough to accommo...
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作者：Armantier, Olivier; Boly, Amadou
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York
摘要：A prospect theory model combining loss aversion and diminishing sensitivity predicts that the link between incentives framing and effort is ambiguous: small penalties yield higher effort, but isomorphic contracts with large penalties decrease effort. We conduct two experiments (a framed field and a conventional lab experiment) in which economically equivalent contracts are framed as menus of either (i) bonuses, (ii) penalties, or (iii) bonuses and penalties. The experimental results confirm th...
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作者：Keane, Michael P.
作者单位：University of Oxford; University of New South Wales Sydney
摘要：I examine effects of labor income taxation in life-cycle models with human capital accumulation. In this case, the opportunity cost of time equals the wage plus returns to work experience. This has several interesting consequences: First, the data appear consistent with larger labor supply elasticities than prior work suggests. Second, contrary to conventional wisdom, permanent tax changes can have larger effects on current labor supply than temporary changes. Third, human capital dampens resp...
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作者：Pastorino, Elena
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis
摘要：This article proposes a matching model of the labor market in the presence of uncertainty and learning about ability that provides a simple unified framework for analyzing the dynamics of jobs and wages within firms and in the labor market. The model allows for different degrees of generality of ability as well as speeds of learning across jobs and firms. Equilibrium assignments and wages are consistent with a broad range of empirical findings on careers, suggest a novel interpretation for wel...
