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作者：Besley, Timothy; Fetzer, Thiemo; Mueller, Hannes
作者单位：University of London; London School Economics & Political Science; Canadian Institute for Advanced Research (CIFAR); University of London; London School Economics & Political Science; Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE); Barcelona School of Economics
摘要：In spite of general agreement that establishing the rule of law is central to properly functioning economies, little is known about the cost of law and order breakdowns. This paper studies a specific context of this by estimating the effect of Somali piracy attacks on shipping costs using data on shipping contracts in the dry bulk market. To estimate the effect of piracy, we look at shipping routes whose shortest path exposes them to piracy and find that the increase in attacks in 2008 led to ...
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作者：Ewers, Mara; Zimmermann, Florian
作者单位：University of Zurich
摘要：In this paper we analyze how image utility can lead to misreporting of private information in contexts where truthful reports maximize monetary outcomes. In a controlled experiment, subjects go through a series of quiz questions and subsequently report a performance measure. We vary whether reports are made to an audience or not. In an additional feedback treatment, reports are also stated to an audience and afterwards the experimenter publicly verifies whether reports were correct. We find th...
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作者：Nardotto, Mattia; Valletti, Tommaso; Verboven, Frank
作者单位：University of Cologne; Imperial College London; University of Rome Tor Vergata; KU Leuven; IMT - Institut Mines-Telecom; Institut Polytechnique de Paris; Telecom Paris
摘要：We consider the impact of a regulatory process forcing an incumbent telecom operator to make its local broadband network available to other companies (local loop unbundling, or LLU). Entrants are then able to upgrade their individual lines and offer Internet services directly to customers. Employing a very detailed data set covering the whole of the United Kingdom, we find that, over the course of time, many entrants have begun to take advantage of unbundling. LLU entry only had a positive eff...
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作者：Laczo, Sarolta
作者单位：Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE); Barcelona School of Economics
摘要：In order to analyze the role of limited commitment and preference heterogeneity in explaining the consumption allocation, I propose a theoretical and empirical framework to estimate and evaluate a risk-sharing model where insurance transfers have to be self-enforcing and the coefficient of relative risk aversion may depend on observable household characteristics. I compare this model to benchmark models with full commitment and/or without preference heterogeneity using data from three Indian v...
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作者：Benoit, Jean-Pierre; Dubra, Juan; Moore, Don A.
作者单位：University of London; London Business School; Universidad de Montevideo; University of California System; University of California Berkeley
摘要：We conduct two experimental tests of the claim that people are overconfident, using new tests of overplacement that are based on a formal Bayesian model. Our two experiments, on easy quizzes, find that people overplace themselves. More precisely, we find apparently overconfident data that cannot be accounted for by a rational population of expected utility maximizers who care only about money. The finding represents new evidence of overconfidence that is robust to the Bayesian critique offered...
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作者：Puglisi, Riccardo; Snyder, James M., Jr.
作者单位：University of Pavia; Harvard University
摘要：We measure the relative ideological positions of newspapers, voters, interest groups, and political parties, using data on ballot propositions. We exploit the fact that newspapers, parties, and interest groups take positions on these propositions, and the fact that citizens ultimately vote on them. We find that, on average, newspapers in the United States are located almost exactly at the median voter in their statesthat is, they are balanced around the median voter. Still, there is a signific...
