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作者：Grossman, Gene M.; Helpman, Elhanan
作者单位：Princeton University; Harvard University; Tel Aviv University
摘要：We study the determinants of the extent of outsourcing and of direct foreign investment in an industry in which producers need specialized components. Potential suppliers must make a relationship-specific investment in order to serve each prospective customer. Such investments are governed by imperfect contracts. A final-good producer can manufacture components for itself, but the per-unit cost is higher than for specialized suppliers. We consider how the size of the cost differential, the ext...
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作者：Mailath, George J.; Postlewaite, Andrew
作者单位：University of Pennsylvania
摘要：The social context can have a large impact on economic decisions. The theoretical challenge is to formulate a model that encompasses both social and economic decisions in a meaningful manner. We discuss the incorporation of social context into neoclassical economic models using social institutions. We also discuss the relationship between social institutions, social capital, and the social value of assets introduced by Mailath and Postlewaite (2002). (JEL: Z13)
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作者：Neary, J. Peter; Mirrlees, James A.; Tirole, Jean
作者单位：University College Dublin; Center for Economic & Policy Research (CEPR); Universite de Toulouse; Institut Polytechnique de Paris; Ecole des Ponts ParisTech
摘要：This paper introduces a symposium of EEA-funded studies that evaluate economics research in Europe. The paper considers some general issues in evaluations, paying special attention to the problem of selecting journal weights, and notes some special features of the individual studies. Despite their very different approaches, the same group of institutions tend to appear at the top of all lists, though individual ranks are sensitive to the choice of more or less elitist journal weights. All the ...
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作者：Heal, Geoffrey
作者单位：Columbia University
摘要：Biodiversity provides essential services to human societies. Many of these services are provided as public goods, so that they will typically be underprovided both by market mechanisms (because of the impossibility of excluding non-payers from using the services) and by government-run systems (because of the free rider problem). I suggest here that in some cases the public goods provided by biodiversity conservation can be bundled with private goods and their value to consumers captured in the...
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作者：Fabbri, Francesca; Haskel, Jonathan E.; Slaughter, Matthew J.
作者单位：University of London; University College London; University of London; Dartmouth College; National Bureau of Economic Research
摘要：Do multinational firms exhibit different patterns of labor demand from purely domestic firms? Many standard models of trade and multinational companies suggest one such difference may be labor-demand elasticities. For several reasons, multinationals may have more-elastic labor demands than do purely domestic firms. In this paper we discuss the theory issues involved. We then present industry-level evidence that, for U.K. and U.S. manufacturing, labor demand for less-skilled labor has become mo...
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作者：Fernandez, Raquel
作者单位：Center for Economic & Policy Research (CEPR); New York University; National Bureau of Economic Research
摘要：This paper examines how family structure can influence the macroeconomy. It uses a simple model where the key features are taken as exogenous and shows that the sorting of individuals into families can have important quantitative effects on human capital formation, inequality and income. It then discusses how these features can be endogenized and suggests avenues for future research. (JEL: D10, D31, I2, J12)
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作者：Merlo, Antonio
作者单位：University of Pennsylvania
摘要：In this paper, I present a structural approach to investigate empirically the relation between income distribution, police expenditures and crime. The approach is based on the estimation of an equilibrium model where heterogeneous individuals choose whether to engage in criminal activities and expenditures on police to apprehend criminals are determined endogenously through majority voting. I discuss the identification and estimation of the parameters of the structural model using data for the...
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作者：Desgranges, Gabriel; Geoffard, Pierre-Yves; Guesnerie, Roger
作者单位：CY Cergy Paris Universite; Universite Jean Monnet; University of Lausanne
摘要：A simple model with asymmetric information, in which inventory holders or traders submit demand curves to an auctioneer, has a unique partially revealing equilibrium. We wonder whether the agents can plausibly coordinate on this equilibrium through eductive reasoning relying on common knowledge. The analysis stresses the role of two effects, sensitivity and amplification, whose product should be small enough. The property is obtained whenever the equilibrium excess demand is steep enough, i.e....
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作者：Manski, Charles F.; Mayshar, Joram
作者单位：Northwestern University; Hebrew University of Jerusalem
摘要：This paper explores how private and social incentives for fertility may have combined to produce the complex fertility pattern observed in Israel in the past half-century. Fertility has declined within some ethnic-religious groups, moderately increased in others, and parts of the ultra-Orthodox Jewish population have experienced a reverse fertility transition, in which childbearing has increased rapidly and substantially. We present a theoretical analysis of the social dynamics of fertility th...
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作者：Navaretti, Giorgio Barba; Checchi, Daniele; Turrini, Alessandro
作者单位：University of Milan
摘要：This paper provides a cross-country perspective to the firm-level analysis of the relation between foreign ownership and labor demand in host countries. We estimate labor demand equations in eleven European countries using dynamic panel data techniques on samples that permit to distinguish the ownership status of firms. We find that the employment adjustment is significantly faster in Multinational's affiliates (MNEs) compared with national firms (NEs), irrespective of the country investigated...
