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作者：Miravete, Eugenio J.; Moral, Maria J.; Thurk, Jeff
作者单位：University of Texas System; University of Texas Austin; Center for Economic & Policy Research (CEPR); Universidad Nacional de Educacion a Distancia (UNED); University of Notre Dame
摘要：Economic integration agreements have significantly decreased import tariffs. We investigate whether national policies can be an effective replacement for tariffs to protect domestic industry. We show that (a) European fuel taxes and vehicle emissions policy favored diesel vehicles, a technology popular with European consumers but largely offered only by domestic automakers; (b) European automakers benefited from pro-diesel fuel taxes and a lenient NOx emissions policy to earn significant profi...
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作者：Sanches, Fabio; Silva Junior, Daniel; Srisuma, Sorawoot
作者单位：Pontificia Universidade Catolica do Rio de Janeiro; City St Georges, University of London; University of Surrey
摘要：This article examines the effects of bank privatization on the number of bank branches operating in small isolated markets in Brazil. We estimate a dynamic game played between Brazilian public and private banks. We find private banks compete with each other as expected. We also find public banks generate positive spillovers for private banks. Our counterfactual study shows that privatization substantially reduces the number of banks. The government can mitigate the effects of privatization by ...
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作者：Houde, Sebastien
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：I study how consumers respond to competing pieces of information that differ in their degree of complexity and informativeness. In particular, I study the choice of refrigerators in the United States, where a mandatory disclosure labelling program provides detailed information about energy cost, and a certification labelling program provides a simple binary-star rating related to energy use. I find that the coarse certification may help some consumers to pay attention to energy information, bu...
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作者：Fang, Hanming; Wu, Zenan
作者单位：University of Pennsylvania; National Bureau of Economic Research; Peking University
摘要：We investigate whether selection based on multidimensional private information in risks and risk preferences can, under different market structures, result in a negative correlation between insurance coverage and expost realization of risk. We show that, under perfect competition, selection based on multidimensional private information does not result in the negative correlation property, unless there is a sufficiently high loading factor. However, it is possible to generate the negative corre...
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作者：Petrakis, Emmanuel; Tsakas, Nikolas
作者单位：University of Crete; University of Cyprus
摘要：We investigate the effect of potential entry on the formation and stability of R&D networks considering farsighted firms. The presence of a potential entrant often alters the incentives of incumbents to collaborate. Incumbent firms may form an otherwise undesirable collaboration to deter entry of a new firm. Moreover, an incumbent may refrain from establishing an otherwise desirable collaboration, expecting to form a more profitable link with the entrant. Finally, potential entry may lead an i...
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作者：Parameswaran, Giri
作者单位：Haverford College
摘要：I develop a dynamic model of judge-made law in which the ideal legal rule is unknown but can be learned. In contrast to existing articles, the flow of cases heard by the court is affected by the court's prior decisions. The model highlights the significance of this feedback in explaining when and why the court will write broader or narrower opinions, and the long-run properties of common law. In equilibrium, the law settles endogenously, because the incentives to make legally controversial cho...
