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作者：Biener, Christian; Landmann, Andreas; Santana, Maria Isabel
作者单位：University of St Gallen; University of Gottingen; University of East Anglia
摘要：Insurance contracts may fail to perform, leading to a default on valid claims. We relax the standard assumption of known probabilities for such defaults by allowing for uncertainty. Within a large behavioral experiment, we show that introducing risk and uncertainty each leads to significant reductions in insurance demand and that the effects are comparable in magnitude (17.1 and 14.5 percentage points). Furthermore, risk- and ambiguity-averse participants are affected most. These findings are ...
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作者：Einav, Liran; Finkelstein, Amy; Schrimpf, Paul
作者单位：Stanford University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT); University of British Columbia
摘要：A large literature in empirical public finance relies on bunching to identify a behavioral response to non-linear incentives and to translate this response into an economic object to be used counterfactually. We conduct this type of analysis in the context of prescription drug insurance for the elderly in Medicare Part D, where a kink in the individual's budget set generates substantial bunching in annual drug expenditure around the famous donut hole. We show that different alternative economi...
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作者：Huet-Vaughn, Emiliano; Robbett, Andrea; Spitzer, Matthew
作者单位：Claremont Colleges; Pomona College; Middlebury College; Mathematica
摘要：We conduct an experiment with online workers to assess whether the distortionary effect of a tax is sensitive to the ideological match between taxpayer and tax expenditures. We find that, among self-identified political moderates, the labor supply elasticity with respect to the net of tax wage is significantly smaller when individuals pay taxes to a favored government agency as compared to an unfavored one. While the tax has a significant distortionary effect in the latter case, with a point e...
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作者：Dolan, Paul; Kavetsos, Georgios; Krekel, Christian; Mavridis, Dimitris; Metcalfe, Robert; Senik, Claudia; Szymanski, Stefan; Ziebarth, Nicolas R.
作者单位：University of London; London School Economics & Political Science; University of London; London School Economics & Political Science; University of London; Queen Mary University London; The World Bank; Boston University; National Bureau of Economic Research; Paris School of Economics; Sorbonne Universite; University of Michigan System; University of Michigan; Cornell University
摘要：Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in London, Paris, and Berlin during the summers of 2011, 2012, and 2013. We show that hosting the Olympics increases subjective well-being of the host city's residents during the event, particularly around the times of the opening and closing ceremonies. However, we do not find much e...
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作者：Fadlon, Itzik; Nielsen, Torben Heien
作者单位：University of California System; University of California San Diego; National Bureau of Economic Research; University of Copenhagen; University of Copenhagen
摘要：The marginal gains from social income insurance programs are captured by the gap in the marginal utility of consumption across states of nature. To identify this gap in the context of the household, this paper offers a new labor-supply based approach that leverages household-level economic interactions and optimality conditions. We demonstrate that, in frameworks of efficient household allocations, spousal labor supply responses to shocks have direct implications for the gains from more genero...
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作者：Lu, Yi; Shi, Julie; Yang, Wanyu
作者单位：Tsinghua University; Peking University; Dongbei University of Finance & Economics
摘要：This paper utilizes administrative data to analyze expenditure responses to the health insurance policy in rural China, and clear visual evidence of bunching is observed at the kink point. A static response model with optimization frictions estimates that a complete elimination of the reimbursement would cause the total expenditure per visit to decrease by 34.5%, and approximately one-third of the studied population makes decisions with errors. Heterogeneous expenditure responses and optimizat...
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作者：Abrell, Jan; Rausch, Sebastian; Streitberger, Clemens
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich; Massachusetts Institute of Technology (MIT)
摘要：This paper uses theoretical and numerical economic equilibrium models to examine optimal renewable energy (RE) support policies for wind and solar resources in the presence of a carbon externality associated with the use of fossil fuels. We emphasize three main issues for policy design: the heterogeneity of intermittent natural resources, budget-neutral financing rules, and incentives for carbon mitigation. We find that differentiated subsidies for wind and solar, while being optimal, only yie...
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作者：Suhonen, Tuomo; Karhunen, Hannu
作者单位：VATT Institute for Economic Research; University of Jyvaskyla
摘要：We examine the causal relationship between the educational attainment of parents and that of their children using quasi-experimental variation from changes in parents' access to university generated by the geographical expansion of the Finnish university system between the late 1950s and early 1970s. Our results suggest that, for the children of parents affected by the changes in university accessibility, there is a strong positive spillover effect of around 0.5 from parent's to child's attain...
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作者：Brulhart, Marius; Jametti, Mario
作者单位：University of Lausanne; Centre for Economic Policy Research - UK; Universita della Svizzera Italiana; Leibniz Association; Ifo Institut
摘要：We study the impact of tax competition on equilibrium taxes and welfare, focusing on the jurisdictional fragmentation of federations. In a representative-agent model of fiscal federalism, fragmentation among jurisdictions with benevolent tax-setting authorities unambiguously reduces welfare. If, however, tax-setting authorities pursue revenue maximization, fragmentation, by pushing down equilibrium tax rates, may under certain conditions increase citizen welfare. We exploit the highly decentra...
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作者：Adena, Maja; Huck, Steffen
作者单位：University of London; University College London
摘要：We study intertemporal crowding between two fundraising campaigns for the same charitable organization by manipulating donors' beliefs about the likelihood of future campaigns in two subsequent field experiments. The data shows that initial giving is decreasing in the likelihood of a future campaign while subsequent giving increases in initial giving. While this refutes the predictions of a simple expected utility model, the pattern is in line with a model that allows for (anticipated or unant...
