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作者：Choi, Syngjoo; Lee, Jihong
作者单位：University of London; University College London; Seoul National University (SNU)
摘要：We study experimentally the role of the network structure of pre-play communication in determination of outcome and behavior in a multiplayer coordination game with conflicting preferences. We explore the trade-off between the efficiency and equity of coordination outcomes and its link to the network structure of communication. Our results show substantial variations in both efficiency and equity of coordination outcomes across networks. While, as expected, increasing the length of communicati...
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作者：Erceg, Christopher; Linde, Jesper
作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：In this paper, we use a dynamic stochastic general equilibrium model to examine the effects of an expansion in government spending in a liquidity trap. If the liquidity trap is very prolonged, the spending multiplier can be much larger than in normal circumstances, and the budgetary costs minimal. However, given this fiscal free lunch, it is unclear why policymakers would want to limit the size of fiscal expansion. Our paper addresses this question in a model environment in which the duration ...
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作者：Cohn, Alain; Fehr, Ernst; Herrmann, Benedikt; Schneider, Frederic
作者单位：University of Zurich; University of Nottingham
摘要：Social comparison has potentially far reaching consequences in many economic domains. We conducted a field experiment to examine how social comparison affects workers' effort provision if their own wage or that of a co-worker is cut. Workers were assigned to groups of two, performed identical individual tasks, and received the same performance-independent hourly wage. Cutting both group members' wages caused a decrease in performance. But when only one group member's wage was cut, the affected...
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作者：Warren, Patrick L.; Wood, Daniel H.
作者单位：Clemson University
摘要：In a model of a competitive industry selling base goods and add-ons, we investigate the conditions under which citizen-consumers will support policies that eliminate behavioral inefficiencies induced by naive consumers. Unregulated competitive markets have two effects: they produce deadweight losses, and they redistribute income away from biased consumers. Both unbiased and naive consumers believe that they benefit from this redistribution (the naive consumers are wrong), so support for effici...
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作者：Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; Scur, Daniela; Van Reenen, John
作者单位：Stanford University; University of Cambridge; Harvard University; University of Oxford; University of London; London School Economics & Political Science
摘要：Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across multiple sectors and countries. We developed the survey to try to explain the large and persistent total factor productivity (TFP) differences across firms and countries. This review paper discusses what has been learned empirically and theoretically from the WMS and other recent work on management practices. Our preliminary results suggest that about a quarter of cross-country and ...
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作者：Netzer, Nick; Schmutzler, Armin
作者单位：University of Zurich
摘要：This paper explores the limitations of intention-based social preferences as an explanation of gift-exchange between a firm and a worker. In a framework with one self-interested and one reciprocal player, gift-giving never arises in equilibrium. Instead, any equilibrium in a large class of multistage games must involve mutually unkind behavior of both players. Besides gift-exchange, this class of games also includes moral hazard models and the rotten kid framework. Even though equilibrium beha...
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作者：Glaeser, Edward L.
作者单位：Harvard University
摘要：Historically, urban growth required enough development to grow and transport significant agricultural surpluses or a government effective enough to build an empire. But there has been an explosion of poor mega-cities over the last 30 years. A simple urban model illustrates that in closed economies, agricultural prosperity leads to more urbanization, but that in an open economy, urbanization increases with agricultural desperation. The challenge of developing world mega-cities is that poverty a...
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作者：Bennardo, Alberto; Piccolo, Salvatore
作者单位：University of Salerno; Catholic University of the Sacred Heart
摘要：We study an economy where agents' productivity and labor endowment depend on their health status, and indivisible occupational choices affect individual health distributions. We show that Pareto efficiency requires cross-transfers across occupations. Moreover, workers with relatively less safe jobs must get positive transfers whenever labor supply is not very reactive to wages, a condition in line with the findings of a large empirical literature. In these instances, compensating wage differen...
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作者：Albornoz, Facundo; Esteban, Joan; Vanin, Paolo
作者单位：University of Birmingham; Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE); University of Bologna
摘要：In this paper, we investigate how government transparency depends on economic distortions. We first consider an abstract class of economies in which a benevolent policy maker is privately informed about the exogenous state of the economy and contemplates whether to release this information. Our key result is that distortions limit communication: even if transparency is exante Pareto superior to opaqueness, it cannot constitute an equilibrium when distortions are sufficiently high. We next conf...
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作者：Durante, Ruben; Putterman, Louis; van der Weele, Joel
作者单位：Yale University; Brown University; University of Amsterdam
摘要：We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance motives, and social concerns relating to inequality and efficiency. Our choice environments feature large groups of subjects and real-world framing, and differ with respect to the source of inequality (earned or arbitrary), the cost of taxation to the decision maker, the dead-weight loss of taxation, uncertainty about own pretax income, and whether the decision maker is affec...
