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作者：van den Berg, Gerard J.; Lundborg, Petter; Nystedt, Paul; Rooth, Dan-Olof
作者单位：University of Mannheim; Lund University; Jonkoping University; Linnaeus University
摘要：We identify the ages that constitute sensitive (or critical) periods in children's development towards their adult health status, skills, and human capital. For this, we use data on families migrating into Sweden from countries that are poorer, with less healthy conditions. Late-life health is proxied by adult height and other adult outcomes. The relation between siblings' ages at migration and their adult outcomes allows us to estimate the causal effect of conditions at specific childhood age...
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作者：Nocke, Volker; Thanassoulis, John
作者单位：University of Mannheim; University of Warwick
摘要：We model the impact that credit constraints and market risk have on the vertical relationships between firms in the supply chain. Firms which might face credit constraints in future investments become endogenously risk averse when accumulating pledgable assets. In the short run, the optimal supply contract involves risk sharing, so inducing double marginalization. Credit constraints thus result in higher retail prices, and this is true whether the firm is debt or equity funded. Further, we off...
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作者：Duernecker, Georg
作者单位：University of Mannheim
摘要：Starting in the late 1970s, European unemployment began to increase while US unemployment remained constant. At the same time, capital-embodied technical change began to accelerate, and the United States adopted the new capital much faster than Europe. I argue that these two facts are related. The main idea is that if there is capital-embodied technical change, then the unemployment rate depends critically on how obsolete the installed capital stock is compared to the frontier. In particular, ...
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作者：Gneezy, U.; Rey-Biel, P.
作者单位：University of Amsterdam
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作者：Folke, Olle
作者单位：Columbia University; Research Institute of Industrial Economics (IFN)
摘要：In proportional representation (PR) systems, political power is typically shared across several political parties. Many parties are small and focused on specific policies, such as environmental policy and immigration. Do these small parties matter for policy? I provide the first systematic evidence for this by developing the first regression discontinuity design tailored specifically for PR systems. With this method, which can be applied in all countries with PR systems, I estimate the causal ...
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作者：Weber, Andrea; Zulehner, Christine
作者单位：University of Mannheim; Johannes Kepler University Linz
摘要：Abstract According to Becker's famous theory on discrimination (Gary Becker, , The Economics of Discrimination, University of Chicago Press), entrepreneurs with a strong prejudice against female workers forgo profits by submitting to their tastes. In a competitive market their firms lack efficiency and are therefore forced to leave. We present new empirical evidence for this prediction by studying the survival of start-up firms in longitudinal matched employer-employee data. We find that firms...
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作者：Ikonnikova, Svetlana; Zwart, Gijsbert T. J.
作者单位：University of Texas System; University of Texas Austin; Tilburg University
摘要：We consider a market in which domestic buyers negotiate contracts with foreign sellers, and explore how trade quotas can help to increase the buyers' countervailing power. We use the Shapley value to describe bargaining power and the distribution of the trade surplus in such a bilateral oligopoly. By exploiting strategic externalities among the buyers, bilateral trade quotas can improve the buyers' bargaining positions. In contrast, aggregate trade restrictions on all buyers' trade never impro...
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作者：Dauth, Wolfgang; Findeisen, Sebastian; Suedekum, Jens
作者单位：University of Mannheim; Heinrich Heine University Dusseldorf
摘要：We analyze the effects of the unprecedented rise in trade between Germany and the East (China and Eastern Europe) in the period 1988-2008 on German local labor markets. Using detailed administrative data, we exploit the cross-regional variation in initial industry structures and use trade flows of other high-income countries as instruments for regional import and export exposure. We find that the rise of the East in the world economy caused substantial job losses in German regions specialized ...
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作者：Vives, Xavier
作者单位：University of Navarra; IESE Business School
摘要：This paper presents conditions for a resolution of the Grossman-Stiglitz paradox of informationally efficient markets. We display a market with asymmetric information where a privately revealing equilibrium obtains in a competitive framework and where incentives to acquire information are preserved as long as the correlation in traders' valuations is not too large. The equilibrium is efficient, and the problems associated with fully revealing rational expectations equilibria are precluded with...
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作者：Lin, Ming-Jen; Liu, Jin-Tan; Qian, Nancy
作者单位：National Taiwan University; Yale University
摘要：This study finds that the introduction of sex-selective abortion in Taiwan due to the legalization of abortion when prenatal sex-detection technology was already available increased the fraction of males born at higher parities and changed the composition of mothers choosing to give birth. Controlling for compositional changes, we find that access to sex-selective abortion reduced relative neonatal female mortality rates for higher-parity births.
