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作者：Nielsen, Carsten S.; Sebald, Alexander C.; Sorensen, Peter N.
作者单位：University of Copenhagen; Copenhagen Business School
摘要：We construct and run an experiment to test the most basic choiceeffect predicted by salience theory. Subjects allocate wealth between arisky and a safe investment. While we vary an apparent payoff ratio to in-fluence salience, treatments have economically equivalent consequences.Most other theories of behavior then predict zero effect. Our experimen-tal findings are strongly consistent with the behavioral implication of acontinuous version of salience theory. We provide a novel structural es-t...
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作者：Hu, Yunyi; Yin, Haitao; Zhao, Li
作者单位：Southwestern University of Finance & Economics - China; Shanghai Jiao Tong University
摘要：This article quantifies the impact of the battery electric vehicle subsidy program in China. We build a structural model of dynamic demand and Bertrand Nash supply to study price elasticity and changes in production costs. The model highlights four channels through which the subsidy program impacts the market: temporal elasticity, in response to a current price change; intertemporal elasticity, in response to a future price change; and multiplication effects through peer and learning by doing....
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作者：Hudja, Stanton; Roberson, Brian; Rosokha, Yaroslav
作者单位：University of Toronto; Purdue University System; Purdue University
摘要：We investigate the role of performance feedback, in the form of a public leaderboard, in a sequential-sampling contest with costly observations. We show theoretically that for contests with a fixed ending date (i.e., finite horizon), providing public performance feedback may result in fewer expected observations and a lower expected value of the winning observation. We conduct a controlled laboratory experiment to test the theoretical predictions and find that the experimental results largely ...
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作者：Muralidharan, Karthik; Niehaus, Paul; Sukhtankar, Sandip
作者单位：National Bureau of Economic Research; University of California System; University of California San Diego; National Bureau of Economic Research; University of Virginia
摘要：We study the impact of reforms that introduced more stringent, biometric ID requirements into India's largest social protection program, using large-scale randomized and natural experiments. Corruption fell but with substantial costs to legitimate beneficiaries, 1.5-2 million of whom lost access to benefits at some point during the reforms. At the same time, adverse effects appear to have been driven primarily by decisions about the way the transition was managed, illustrating both the risks o...
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作者：Buus, Magnus T.; Munch, Jakob R.; Rodrigue, Joel; Schaur, Georg
作者单位：University of Copenhagen; Vanderbilt University; University of Tennessee System; University of Tennessee Knoxville
摘要：Firms success in international markets depends on their product's quality, prices, markups, and marginal cost. However, causally identified empirical evidence for the effect of trade policies that address nontariff barriers on these mechanisms is rare. To fill this gap, we exploit a quasinatural experiment in Denmark and examine the effects of an export support policy aimed at reducing nontariff barriers to trade. We find that export support raises firm-level exports within markets. However, e...
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作者：Sanz-de-Galdeano, Anna; Terskaya, Anastasia
作者单位：Universitat d'Alacant; IZA Institute Labor Economics; University of Barcelona
摘要：We take advantage of recent advances in genomics to revisit a classic question in economics: how do parents respond to children's endowments and to sibling differences in endowments? We use an index based on DNA, which is fixed at conception and assigned randomly across siblings, as a proxy for educational endowments. We find that parents of nontwins display inequality aversion: given the absolute endowment level of one child, they invest less in him/her if his/her sibling has a lower genetic ...
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作者：Veiga, Andre
作者单位：Imperial College London
摘要：Should insurance prices vary with age? I consider competitive markets for lemons where a signal (e.g., age) partitions consumers (e.g., young and old). I study the continuum of policies from zero price discrimination (zero PD, equal prices) to full PD (no restrictions). Restricting PD can increase welfare if high-cost markets exhibit greater adverse selection, or when the high-cost market unravels. I characterize optimal PD and show how it is affected by changes in cost. In a calibration, opti...
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作者：Lewis, Daniel J.
作者单位：University of London; University College London
摘要：I propose to identify announcement-specific decompositions of asset price changes into monetary policy shocks exploiting heteroskedasticity in intraday data, accommodating both changes in the nature of shocks and the state of the economy across announcements. I compute decompositions with respect to Fed Funds, forward guidance, asset purchase, and Fed information shocks from January 1996 to December 2019. The decompositions illustrate which announcements of unconventional policy measures had s...
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作者：Gilraine, Michael; Penney, Jeffrey
作者单位：Simon Fraser University; University of Alberta
摘要：An administrative rule in North Carolina allowed students who failed an exam to retake it approximately two weeks later, triggering a brief yet intense test preparation period. We develop a structural model that accounts for selection and find that these students score much higher on the retest. Using a regression discontinuity design, we find substantial fade-out of the test score gains after one year but some persistence thereafter. Unlike other interventions that produce similar initial inc...
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作者：Aneja, Abhay; Reshef, Oren; Subramani, Gauri
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; Washington University (WUSTL); Lehigh University
摘要：Women are underrepresented in patenting. In this study, we consider differential responsiveness to rejection as a contributor to the gender gap in invention. Leveraging the prosecution histories of almost one million U.S. patent applications and the quasirandom assignment of applications to examiners, we show that women are 3.6-6.9 percentage points less likely to continue in the application process following an early-stage rejection. Conditional on applying for a patent, male-female dispariti...
