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作者：Javorcik, Beata; Poelhekke, Steven
作者单位：University of Oxford; Vrije Universiteit Amsterdam; European Central Bank; De Nederlandsche Bank NV; Tinbergen Institute
摘要：The literature has documented a positive effect of foreign ownership on firm performance. But is this effect due to a one-time knowledge transfer or does it rely on continuous injections of knowledge? To shed light on this question we focus on divestments, that is, foreign affiliates that are sold to local owners. To examine the effect of the ownership change we combine a difference-in-differences approach with propensity score matching. We use plant-level panel data from the Indonesian Census...
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作者：Ericson, Keith Marzilli
作者单位：Boston University
摘要：The interaction between present bias and limited memory can explain why individuals do not act at deadlines and why providing reminders can have large effects. Individuals in my model must choose when and whether to complete a task, but may forget or procrastinate. A calibration exercise shows that assuming perfect memory leads to biased estimates of present bias because the rate of task completion at the deadline is much lower with imperfect memory. Naive procrastination explains why individu...
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作者：Dertwinkel-Kalt, Markus; Koehler, Katrin; Lange, Mirjam R. J.; Wenzel, Tobias
作者单位：University of Cologne; Heinrich Heine University Dusseldorf; University of Bath
摘要：We conduct a laboratory experiment that tests two fundamental predictions unique to salience theory. If an agent purchases one of two vertically differentiated products, salience theory makes the following two distinct predictions. First, it hypothesizes that a higher expected price level for both products shifts demand toward the more expensive, high-quality product. Second, it predicts that demand for the high-quality product is larger if the price level is expectedly high than if it is unex...
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作者：Dustmann, Christian; Fasani, Francesco; Speciale, Biagio
作者单位：University of London; University College London; University of London; Queen Mary University London; Paris School of Economics
摘要：We analyze the effect of immigrants' legal status on their consumption behavior using unique survey data that samples both documented and undocumented immigrants. To address the problem of sorting into legal status, we propose two alternative identification strategies as exogenous source of variation for current legal status: First, transitory income shocks in the home country, measured as rainfall shocks at the time of emigration. Second, amnesty quotas that grant legal residence status to un...
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作者：Ahlfeldt, Gabriel; Koutroumpis, Pantelis; Valletti, Tommaso
作者单位：University of London; London School Economics & Political Science; Imperial College London; University of Rome Tor Vergata
摘要：This paper shows that having access to a fast Internet connection is an important determinant of capitalization effects in property markets. Our empirical strategy combines a boundary discontinuity design with controls for time-invariant effects and arbitrary macroeconomic shocks at a very local level to identify the causal effect of broadband speed on property prices from variation that is plausibly exogenous. Applying this strategy to a micro data set from England between 1995 and 2010 we fi...
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作者：Couttenier, Mathieu; Grosjean, Pauline; Sangnier, Marc
作者单位：University of Geneva; University of New South Wales Sydney; Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Aix-Marseille Universite
摘要：We document interpersonal violence as a dimension of the resource curse. We rely on a historical natural experiment in the United States, where mineral discoveries occurred sometimes before, sometimes after formal institutions were established in the county of discovery. In places where mineral discoveries occurred before formal institutions were established, there were more homicides per capita historically and the effect has persisted to this day. Today, the share of homicides and assaults e...
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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...
