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作者：Zilibotti, Fabrizio
作者单位：Yale University
摘要：This article is based on the presidential address delivered at the EEA Annual Congress 2016. It discusses China's institutional and economic transformation through the lens of the model of growth and convergence developed in Acemoglu, Aghion, and Zilibotti (JEEA 2006), which emphasizes the dichotomy between investment- and innovation-led growth. The economic reforms introduced in the 1980s and 1990s have enabled the Chinese economy to grow at historically unprecedented rates through fostering ...
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作者：Acemoglu, Daron; Jackson, Matthew O.
作者单位：Massachusetts Institute of Technology (MIT); Stanford University; The Santa Fe Institute
摘要：We examine the interplay between social norms and the enforcement of laws. Agents choose a behavior (e.g., tax evasion, production of low-quality products, corruption, harassing behavior, substance abuse, etc.) and then are randomly matched with another agent. There are complementarities in behaviors so that an agent's payoff decreases with the mismatch between her behavior and her partner's, and with overall negative externalities created by the behavior of others. A law is an upper bound (ca...
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作者：Cappelen, Alexander W.; Halvorsen, Trond; Sorensen, Erik O.; Tungodden, Bertil
作者单位：Norwegian School of Economics (NHH); SINTEF
摘要：We study the relative importance of intrinsic moral motivation and extrinsic social motivation in explaining moral behavior. The key feature of our experiment is that we introduce a dictator game design that manipulates these two sources of motivation. In one set of treatments, we manipulate the moral argument for sharing, in another we manipulate the information given to the recipient about the context of the experiment and the dictator's decision. The paper offers two main findings. First, w...
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作者：Bradley, Jake; Postel-Vinay, Fabien; Turon, Helene
作者单位：University of Cambridge; University of London; University College London; University of Bristol
摘要：We develop and estimate a structural model that incorporates a sizeable public sector in a labor market with search frictions. The wage distribution and the employment rate in the public sector are taken as exogenous policy parameters. Overall wage distribution and employment rate are determined within the model, taking into account the private sector's endogenous response to public sector employment policies. Job turnover is sector specific and transitions between sectors depend on the worker...
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作者：Choi, Syngjoo; Galeotti, Andrea; Goyal, Sanjeev
作者单位：Seoul National University (SNU); European University Institute; University of Essex; University of Cambridge; University of Cambridge
摘要：We propose a model of posted prices in networks. The model maps traditional concepts of market power, competition, and double marginalization into networks, allowing for the study of pricing in complex structures of intermediation, such as supply chains, transportation and communication networks, and financial brokerage. We provide a complete characterization of equilibrium prices. Our experiments complement our theoretical work and point to node criticality as an organizing principle for unde...
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作者：Peitz, Martin; Rady, Sven; Trepper, Piers
作者单位：University of Mannheim; University of Bonn; University of Munich
摘要：We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing actual participation levels. This provides an informational rationale for introductory pricing, with the platform provider charging a fee below the myopically optimal level on at least one side of the mark...
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作者：Setty, Ofer
作者单位：Tel Aviv University
摘要：Unemployment accounts are mandatory individual savings accounts that can be used only during unemployment or retirement. Unlike unemployment insurance, unemployment accounts solve the moral hazard problem but provide no public insurance to workers. I study a hybrid system that borrows from concepts of both unemployment insurance and unemployment accounts, in which workers are mandated to save when employed and can withdraw from the account when unemployed. Once the account is exhausted, the un...
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作者：Ghysels, Eric; Idier, Julien; Manganelli, Simone; Vergote, Olivier
作者单位：University of North Carolina; University of North Carolina Chapel Hill; European Central Bank; Bank of France; European Central Bank
摘要：Policy impact studies often suffer from endogeneity problems. Consider the case of the European Central Bank (ECB) Securities Markets Programme: If Eurosystem interventions were triggered by sudden and strong price deteriorations, looking at daily price changes may bias downward the correlation between yields and the amounts of bonds purchased. Simple regressions of daily changes in yields on quantities often give insignificant or even positive coefficients and therefore suggest that Securitie...
