-
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...
-
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...
-
作者：Schwartzstein, Joshua
作者单位：Dartmouth College
摘要：What do we notice and how does this affect what we learn and come to believe? I present a model of an agent who learns to make forecasts on the basis of readily available information, but is selective as to which information he attends to: he chooses whether to attend as a function of current beliefs about whether such information is predictive. If the agent does not attend to some piece of information, it cannot be recalled at a later date. He uses Bayes' rule to update his beliefs given atte...
-
作者：Abramitzky, Ran; Sin, Isabelle
作者单位：Stanford University
摘要：We use book translations as a new measure of international idea flows and study the effects of Communism's collapse in Eastern Europe on these flows. Using novel data on 800,000 translations and difference-in-differences approaches, we show that while translations between Communist languages decreased by two thirds with the collapse, Western-to-Communist translations increased by a factor of 4 and quickly converged to Western levels. Convergence was more pronounced in the fields of applied and...
-
作者：Kalemli-Ozcan, Sebnem; Sorensen, Bent; Volosovych, Vadym
作者单位：University System of Maryland; University of Maryland College Park; University of Houston System; University of Houston; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：We investigate the relationship between foreign direct ownership of firms and firm- and region-level output volatility using a novel panel data set for European countries. We document a positive, highly robust, relationship between firm-level foreign ownership and volatility of value added. This relationship holds cross-sectionally and in panels with firm fixed effects where the relationship captures within-firm variation over time. Considering domestic firms with assets in foreign countries, ...
-
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...
-
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 ...
-
作者：Holden, Steinar; Rosen, Asa
作者单位：University of Oslo
摘要：We study a search model with employment protection legislation. We show that if the output from the match is uncertain at the hiring stage, a discriminatory equilibrium may exist in which workers with the same productive characteristics are subject to different hiring standards. If a bad match takes place, discriminated workers will take longer to find another job, prolonging the costly period for the firm. This makes it less profitable for firms to hire discriminated workers, thus sustaining ...
