-
作者：Dal Bo, Ernesto; Dal Bo, Pedro
作者单位：University of California System; University of California Berkeley; Brown University
摘要：We incorporate appropriation activities ( social conflict) into canonical models of trade and study how economic shocks and policies affect the intensity of conflict. We show that not all shocks that could make society richer reduce conflict: positive shocks to labor-intensive industries diminish conflict, while positive shocks to capital-intensive industries increase it. The key requirement is that conflict activities be more labor intensive than the economy as this determines how shocks affe...
-
作者：Stiglitz, Joseph E.
作者单位：Columbia University
摘要：The standard macroeconomic models have failed, by all the most important tests of scientific theory. They did not predict that the financial crisis would happen; and when it did, they understated its effects. Monetary authorities allowed bubbles to grow and focused on keeping inflation low, partly because the standard models suggested that low inflation was necessary and almost sufficient for efficiency and growth. After the crisis broke, policymakers relying on the models floundered. Notwiths...
-
作者：Miklos-Thal, Jeanine; Rey, Patrick; Verge, Thibaud
作者单位：University of Rochester; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：We analyze the competitive effects of various contractual provisions in a situation where rival retailers make offers to a common manufacturer. In contrast to Marx and Shaffer (2007, Rand Journal of Economics, 38(3), 823-843), who find that a strong retailer can use slotting allowances (that is, upfront payments from manufacturers) to exclude its weaker rival, we show that foreclosure is no longer inevitable once retailers' offers can be contingent on the relationship being exclusive or not. T...
-
作者：Lechner, Michael; Miquel, Ruth; Wunsch, Conny
作者单位：University of St Gallen
摘要：We estimate the short-, medium-, and long-term effects of different types of government-sponsored training in West Germany using particularly rich data that allows us to control for selectivity by matching methods and to measure interesting outcome variables over eight years after a program's start. We use distance-weighted radius matching together with a bias removal procedure based on weighted regressions in order to increase the precision and robustness of standard matching estimators. We f...
