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作者：Scott, Jonathan B.
作者单位：University of Texas System; University of Texas Dallas
摘要：This paper studies the role of the U.S. pipeline infrastructure in the country's transition from coal to natural gas energy. I leverage the Environmental Protection Agency's Mercury and Air Toxics Standards as a plausibly exogenous intervention, which encouraged many coal plants to convert to natural gas. Combining this quasi-experimental variation with a plant's preexisting proximity to the pipeline network, I isolate implied pipeline connection costs within a dynamic discrete choice model of...
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作者：Charness, Gary; Feri, Francesco; Melendez-Jimenez, Miguel A.; Sutter, Matthias
作者单位：University of California System; University of California Santa Barbara; IZA Institute Labor Economics; Leibniz Association; Ifo Institut; University of London; Royal Holloway University London; Universidad de Malaga; University of Cologne; Max Planck Society; University of Innsbruck
摘要：We examine how preplay communication and clustering affect play in a challenging hybrid experimental game on networks. Free-form chat is impressively effective in achieving the nonequilibrium efficient outcome, but restricted communication has little effect. We support this result with a model about the credibility of cheap-talk messages. We also offer a model of message diffusion that correctly predicts more rapid diffusion without clustering. We show an interaction effect of network structur...
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作者：Gallo, Edoardo; Yan, Chang
作者单位：University of Cambridge; University of Cambridge; University of Oxford
摘要：The tension between efficiency and equilibrium is a central feature of economic systems. We examine this tradeoff in a network game with a unique Nash equilibrium in which agents can achieve a higher payoff by following a collaborative norm. Subjects establish and maintain a collaborative norm in the circle, but the norm weakens with the introduction of one hub connected to everyone in the wheel. In complex and asymmetric networks of 15 and 21 nodes, the norm disappears and subjects' play conv...
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作者：Holden, Tom D.
作者单位：Deutsche Bundesbank
摘要：Occasionally binding constraints (OBCs) like the zero lower bound (ZLB) can lead to multiple equilibria, and so to belief-driven recessions. To aid in finding policies that avoid this, we derive existence and uniqueness conditions for otherwise linear models with OBCs. Our main result gives necessary and sufficient conditions for such models to have a unique (determinate) perfect foresight solution returning to a given steady state, for any initial condition. While standard New Keynesian model...
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作者：Ductor, Lorenzo; Goyal, Sanjeev; Prummer, Anja
作者单位：University of Granada; University of Cambridge; New York University; New York University Abu Dhabi; Johannes Kepler University Linz
摘要：We connect gender disparities in research output and collaboration patterns in economics. We first document large gender gaps in research output. These gaps persist across fifty years despite a significant increase in the fraction of women in economics during that time. We further show that output differences are closely related to differences in the coauthorship networks of men and women: women have fewer collaborators, collaborate more often with the same coauthors, and a higher fraction of ...
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作者：Arteaga, Carolina
作者单位：University of Toronto
摘要：This paper presents new evidence showing that parental incarceration increases children's education. I collect criminal records for 90,000 low-income parents who have been convicted of a crime in Colombia, and link the educational attainment of their children. I exploit exogenous variation resulting from the random assignment of judges and extend the standard framework to incorporate both conviction and incarceration decisions. I show that the effect of incarceration for a given conviction thr...
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作者：Ganapati, Sharat; Mckibbin, Rebecca
作者单位：National Bureau of Economic Research; Georgetown University; University of Sydney
摘要：Wide dispersion is seen in pharmaceutical prices across countries with comparable quality standards. Under monopoly, off-patent and generic drug prices are at least four times higher in the United States than in comparable English-speaking high-income countries. With five or more competitors, off-patent drug prices are similar or lower. Our analysis shows that differential U.S. markups are largely driven by the market power of drug suppliers and are not due to wholesale intermediaries or pharm...
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作者：Denning, Jeffrey T.; Murphy, Richard; Weinhardt, Felix
作者单位：University of Notre Dame; National Bureau of Economic Research; Leibniz Association; Ifo Institut; National Bureau of Economic Research; University of Texas System; University of Texas Austin; University of London; London School Economics & Political Science; Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung; Ifo Institut; European University Viadrina Frankfurt Oder; IZA Institute Labor Economics
摘要：This paper considers an unavoidable feature of the school environment, class rank. What are the long-run effects of a student's ordinal rank in elementary school? Using administrative data on all public school students in Texas, we show that students with a higher third-grade academic rank, conditional on achievement and classroom fixed effects, have higher subsequent test scores, are more likely to take AP classes, graduate from high school, enroll in and graduate from college, and ultimately...
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作者：Chyn, Eric; Haggag, Kareem
作者单位：Dartmouth College; National Bureau of Economic Research; University of California System; University of California Los Angeles
摘要：How does one's childhood neighborhood shape political engagement later in life? We study voting rates of children who were displaced by public housing demolitions and moved to higher opportunity areas using housing vouchers. Those displaced during childhood had 11% (2 pp) higher participation in the 2016 Presidential election and were 10% (2.9 pp) more likely to vote in any general election. We argue that the results are unlikely to be driven by changes in incarceration or parental outcomes bu...
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作者：Beam, Emily A.; Quimbo, Stella
作者单位：University of Vermont
摘要：We use a randomized field experiment to test the causal impact of short-term work experience on employment and school enrollment among disadvantaged, in-school youth in the Philippines. This experience leads to a 4.4 percentage point (79%) increase in employment eight to twelve months later. Although we find no aggregate increase in enrollment, we also do not find that the employment gains push youth out of school. Our results are most consistent with work experience serving as a signal of uno...
