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作者：Ventura, Jaume
作者单位：Pompeu Fabra University; Centre de Recerca en Economia Internacional (CREI); Barcelona School of Economics
摘要：This paper develops a simple theoretical framework to study a set of regions, each with its own regional government, who share a union or central government. These governments must decide whether to implement or discard a large number of projects that produce local benefits for the region that implements them, and externalities for the rest of the regions. Conflict or disagreement arises since different regions value projects differently. The classic assignment problem consists of deciding who...
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作者：Attanasio, Orazio; Augsburg, Britta; De Haas, Ralph
作者单位：University of London; London School Economics & Political Science; University of London; University College London; European Bank of Reconstructon & Development; Tilburg University
摘要：We study theoretically and empirically the demand for microcredit under different liability arrangements and risk environments. A theoretical model shows that the demand for joint-liability loans can exceed that for individual-liability loans when risk-averse borrowers value their long-term relationship with the lender. Joint liability then offers a way to diversify risk and reduce the chance of losing access to future loans. We also show that the demand for loans depends negatively on the ris...
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作者：Asturias, Jose; Garcia-Santana, Manuel; Ramos, Roberto
作者单位：Qatar Foundation (QF); Georgetown University in Qatar; Pompeu Fabra University; Barcelona School of Economics; Banco de Espana
摘要：A significant amount of resources is spent every year on the improvement of transportation infrastructure in developing countries. In this paper, we investigate the effects of one such large project, the Golden Quadrilateral in India. We do so using a model of internal trade with variable markups. In contrast to the previous literature, our model incorporates several channels through which transportation infrastructure affects welfare. In particular, the model accounts for gains stemming from ...
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作者：Frimmel, Wolfgang; Halla, Martin; Paetzold, Joerg
作者单位：Johannes Kepler University Linz; Johannes Kepler University Linz; Salzburg University
摘要：Does tax evasion run in the family? To answer this question, we study the case of the commuter tax allowance in Austria. This allowance is designed as a step function of the distance between the residence and the workplace, creating sharp discontinuities at each bracket threshold. It turns out that the distance to the next higher bracket is a strong determinant of compliance. The match of different administrative data sources allows us to observe actual compliance behavior with little error at...
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作者：Heblich, Stephan; Trew, Alex
作者单位：University of Bristol; University of St Andrews
摘要：We establish a causal role for banking access in the spread of the Industrial Revolution over the period 1817-1881 by exploiting unique employment data from 10,528 parishes across England and Wales and a novel instrument. We estimate that a one standard deviation increase in 1817 finance employment increases annualized industrial employment growth by 0.93 percentage points. We establish the role of structural transformation as an underlying growth mechanism and show that banking access: (i) in...
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作者：Galeotti, Fabio; Montero, Maria; Poulsen, Anders
作者单位：University of Nottingham; University of East Anglia; University of East Anglia
摘要：We consider how the outcome of bargaining varies with changes in the trade-off between equality, efficiency, and total-earnings maximization. We observe that subjects avoid an equal-earning outcome if it is Pareto inefficient; a large proportion of bargaining pairs avoids an equal and Pareto efficient outcome in favor of one giving unequal and total-earnings maximizing payoffs, and this proportion increases when unequal outcomes imply larger earnings to one of the players, even though this als...
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作者：Bindler, Anna; Hjalmarsson, Randi
作者单位：University of Gothenburg
摘要：A large behavioral economics literature is concerned with cognitive biases in individual and group decisions, including sequential decisions. These studies often find a negative path-dependency consistent with mechanisms such as the gambler's fallacy or contrast effects. We provide the first test for such biases in group decision making using observational data. Specifically, we study more than 27,000 verdicts adjudicated sequentially by over 900 juries for high-stake criminal cases at London'...
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作者：La Ferrara, Eliana
作者单位：Bocconi University; Bocconi University
摘要：I study the role of aspirations in economic development drawing on the existing theoretical and empirical literature and provide some new empirical findings using individual level data on aspirations across countries. After discussing the relationship between aspirations and individual investments, I present estimates on the correlates and determinants of students' aspirations in the OECD's Programme for International Student Assessment data. I focus in particular on socioeconomic status, ineq...
