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作者：Ikonnikova, Svetlana; Zwart, Gijsbert T. J.
作者单位：University of Texas System; University of Texas Austin; Tilburg University
摘要：We consider a market in which domestic buyers negotiate contracts with foreign sellers, and explore how trade quotas can help to increase the buyers' countervailing power. We use the Shapley value to describe bargaining power and the distribution of the trade surplus in such a bilateral oligopoly. By exploiting strategic externalities among the buyers, bilateral trade quotas can improve the buyers' bargaining positions. In contrast, aggregate trade restrictions on all buyers' trade never impro...
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作者：Dauth, Wolfgang; Findeisen, Sebastian; Suedekum, Jens
作者单位：University of Mannheim; Heinrich Heine University Dusseldorf
摘要：We analyze the effects of the unprecedented rise in trade between Germany and the East (China and Eastern Europe) in the period 1988-2008 on German local labor markets. Using detailed administrative data, we exploit the cross-regional variation in initial industry structures and use trade flows of other high-income countries as instruments for regional import and export exposure. We find that the rise of the East in the world economy caused substantial job losses in German regions specialized ...
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作者：Vives, Xavier
作者单位：University of Navarra; IESE Business School
摘要：This paper presents conditions for a resolution of the Grossman-Stiglitz paradox of informationally efficient markets. We display a market with asymmetric information where a privately revealing equilibrium obtains in a competitive framework and where incentives to acquire information are preserved as long as the correlation in traders' valuations is not too large. The equilibrium is efficient, and the problems associated with fully revealing rational expectations equilibria are precluded with...
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作者：Lin, Ming-Jen; Liu, Jin-Tan; Qian, Nancy
作者单位：National Taiwan University; Yale University
摘要：This study finds that the introduction of sex-selective abortion in Taiwan due to the legalization of abortion when prenatal sex-detection technology was already available increased the fraction of males born at higher parities and changed the composition of mothers choosing to give birth. Controlling for compositional changes, we find that access to sex-selective abortion reduced relative neonatal female mortality rates for higher-parity births.
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作者：Chong, Alberto; La Porta, Rafael; Lopez-de-Silanes, Florencio; Shleifer, Andrei
作者单位：University of Ottawa; Dartmouth College; Universite Catholique de Lille; EDHEC Business School; Harvard University
摘要：We mailed letters to non-existent business addresses in 159 countries (10 per country), and measured whether they come back to the return address in the United States and how long it takes. About 60% of the letters were returned, taking over six months, on average. The results provide new objective indicators of government efficiency across countries, based on a simple and universal service, and allow us to shed light on its determinants. The evidence suggests that both technology and manageme...
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作者：Bowles, Samuel; Loury, Glenn C.; Sethi, Rajiv
作者单位：The Santa Fe Institute; University of Siena; Brown University; Columbia University
摘要：We explore the combined effect of segregation in social networks, peer effects, and the relative size of a historically disadvantaged group on the incentives to invest in market-rewarded skills and the dynamics of inequality between social groups. We identify conditions under which group inequality will persist in the absence of differences in ability, credit constraints, or labor market discrimination. Under these conditions, group inequality may be amplified even if initial group differences...
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作者：Fernandez-Villaverde, Jesus; Greenwood, Jeremy; Guner, Nezih
作者单位：University of Pennsylvania; ICREA; Autonomous University of Barcelona; Barcelona School of Economics
摘要：Societies socialize children about sex. This is done in the presence of peer-group effects, which may encourage undesirable behavior. Parents want the best for their children. Still, they weigh the marginal gains from socializing their children against its costs. Churches and states may stigmatize sex, both because of a concern about the welfare of their flocks and the need to control the cost of charity associated with out-of-wedlock births. Modern contraceptives have profoundly affected the ...
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作者：Jappelli, Tullio; Padula, Mario; Pica, Giovanni
作者单位：University of Naples Federico II; Universita Ca Foscari Venezia; University of Salerno
摘要：We estimate the effect of taxes on intergenerational transfers by exploiting a sequence of Italian reforms culminating with the abolishment of transfer taxes. We use the Surveys of Household Income and Wealth from 1993 to 2006, which have data on real estate transfers, and information on potential donors and recipients. Difference-in-differences estimates indicate that the abolition of transfer taxes increases the probability of high-wealth donors making a transfer by two percentage points and...
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作者：Argenziano, Rossella; Schmidt-Dengler, Philipp
作者单位：University of Essex; University of Mannheim
摘要：We study a complete information preemption game in continuous time. A finite number of firms decide when to make an irreversible, observable investment. Upon investment, a firm receives flow profits, which decrease in the number of firms that have invested. The cost of investment declines over time exogenously. We characterize the subgame-perfect equilibrium outcome, which is unique up to a permutation of players. When the preemption race among late investors is sufficiently intense, the preem...
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作者：Ge, Suqin; Yang, Dennis Tao
作者单位：Virginia Polytechnic Institute & State University; University of Virginia
摘要：Using a national sample of Urban Household Surveys, we document several profound changes in China's wage structure during a period of rapid economic growth. Between 1992 and 2007, the average real wage increased by 202%, accompanied by a sharp rise in wage inequality. Decomposition analysis reveals 80% of this wage growth to be attributable to higher pay for basic labor, rising returns to human capital, and increases in the state-sector wage premium. By employing an aggregate production functi...
