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作者：Davies, Ronald B.; Martin, Julien; Parenti, Mathieu; Toubal, Farid
作者单位：University College Dublin; University of Quebec; University of Quebec Montreal; Trinity College Dublin; Universite Libre de Bruxelles; Universite Paris Saclay
摘要：This paper analyzes the transfer pricing of multinational firms. Intrafirm prices may systematically deviate from arm's-length prices for two motives: pricing to market and tax avoidance. Using French firm-level data on arm's-length and intrafirm export prices, we find that the sensitivity of intrafirm prices to foreign taxes is reinforced once we control for pricing-to-market determinants. Most important, we find no evidence of tax avoidance if we disregard tax haven destinations. Tax avoidan...
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作者：Agha, Leila; Molitor, David
作者单位：Dartmouth College; National Bureau of Economic Research; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：Local opinion leaders may play a key role in easing information frictions associated with technology adoption. This paper analyzes the influence of physician investigators who lead clinical trials for new cancer drugs. By comparing diffusion patterns across 21 new cancer drugs, we separate correlated regional demand for new technology from information spillovers. Patients in the lead investigator's region are initially 36% more likely to receive the new drug, but utilization converges within f...
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作者：Colussi, Tommaso
作者单位：IZA Institute Labor Economics
摘要：This paper employs a unique data set on articles, authors, and editors of the top general interest journals in economics to investigate the role of social connections in the publication process. Ties between editors and authors are identified based on their academic histories. About 43% of the articles published in these journals are authored by scholars connected to one editor at the time of the publication. Ph.D. students and faculty colleagues of an editor also improve their publication out...
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作者：Dong, Yingying; Shen, Shu
作者单位：University of California System; University of California Irvine; University of California System; University of California Davis
摘要：This paper discusses testable implications of rank invariance or rank similarity, assumptions that are common in program evaluation and in the quantile treatment effect (QTE) literature. We nonparametrically identify, estimate, and test the counterfactual distribution of potential ranks, or features of the distribution. The proposed tests allow treatment to be endogenous, with exogenous treatment following as a special case. The tests essentially do not require any additional assumptions other...
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作者：Baird, Sarah; Bohren, J. Aislinn; McIntosh, Craig; Ozler, Berk
作者单位：George Washington University; University of Pennsylvania; University of California System; University of California San Diego; The World Bank
摘要：We formalize the optimal design of experiments when there is interference between units, that is, an individual's outcome depends on the outcomes of others in her group. We focus on randomized saturation designs, two-stage experiments that first randomize treatment saturation of a group, then individual treatment assignment. We map the potential outcomes framework with partial interference to a regression model with clustered errors, calculate standard errors of randomized saturation designs, ...
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作者：Rozo, Sandra V.
作者单位：University of Southern California
摘要：This paper studies the effects of violent crime on market prices and size using plant-level panel data in Colombia. To estimate causal effects, I exploit reductions in violence driven by increases in security expenditures during alvaro Uribe's presidency; these resulted in greater violence reductions in municipalities that voted for him in the 2002 elections as he was looking for reelection. I find that firms that face higher violence also face lower output and input prices. Output prices fall...
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作者：Behrens, Kristian; Brown, W. Mark; Bougna, Theophile
作者单位：University of Quebec; University of Quebec Montreal; HSE University (National Research University Higher School of Economics); Statistics Canada; The World Bank
摘要：Using microlevel commodity flow data and microgeographic plant-level data, we construct industry-specific ad valorem trucking rate series and measures of geographic concentration to provide evidence on the relationship between transport costs and agglomeration. We find that low-transport-cost industries display significantly more geographic concentration in the cross-sectional dimension and that falling transport costs agglomerate industries in the panel dimension. The effects are large: the f...
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作者：Song, Kyungchul
作者单位：University of British Columbia
摘要：This paper introduces a simple measure of a concordance pattern among observed outcomes along a network, that is, the pattern in which adjacent outcomes tend to be more strongly correlated than nonadjacent outcomes. The graph concordance measure can be generally used to quantify the empirical relevance of a network in explaining cross-sectional dependence of the outcomes, and as shown in the paper, it can also be used to quantify the extent of homophily under certain conditions. When one obser...
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作者：Cosaert, Sam; Demuynck, Thomas
作者单位：KU Leuven; Universite Libre de Bruxelles
摘要：This paper combines revealed preference and nonparametric estimation techniques to obtain nonparametric bounds on the distribution of the money metric utility and demand functions over a population of heterogeneous households. Our approach is independent of any functional specification on the household utility functions. Our method applies the weak axiom of revealed preference to a population of heterogeneous households. Although this does not produce the sharpest bounds, we show that it is co...
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作者：Croushore, Dean; van Norden, Simon
作者单位：University of Richmond; Universite de Montreal; HEC Montreal
摘要：This paper examines fiscal policy forecasts prepared for the Federal Open Market Committee and its influence on U.S. monetary policy. The forecasts contain useful information beyond that in the CBO's forecasts. Fiscal forecast errors are only weakly correlated with forecast errors for inflation and output growth, but those for the budget surplus are highly correlated with those for the unemployment rate and the output gap. Some fiscal variables can also account for a significant fraction of th...
