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作者：Adda, Jerome; Banks, James; von Gaudecker, Hans-Martin
作者单位：University of London; London School Economics & Political Science; University College London; Vrije Universiteit Amsterdam
摘要：We study the effect of permanent income innovations on health for a prime-aged population. Using information on more than half a million individuals sampled over a 25-year period in three different cross-sectional surveys we aggregate data by date-of-birth cohort to construct a synthetic cohort data set with details of income, expenditure, socio-demographic factors, health outcomes, and selected risk factors. We then exploit structural and arguably exogenous changes in cohort incomes over the ...
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作者：Camera, Gabriele; Selcuk, Cemil
作者单位：Purdue University System; Purdue University; DePaul University
摘要：We present a model that generates empirically plausible price distributions in directed search equilibrium. There are many identical buyers and many identical capacity-constrained sellers who post prices. These prices can be renegotiated to some degree and the outcome depends on the number of buyers who want to purchase the good. In equilibrium all sellers post the same price, demand is randomly distributed, and there is sale price dispersion. Prices and distributions depend on market tightnes...
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作者：Norback, Pehr-Johan; Persson, Lars
摘要：We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial firms have an incentive to overinvest in development vis vis incumbents due to strategic product market effects on the sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward for entreprene...
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作者：Desmet, Klaus; Ortuno-Ortin, Ignacio; Weber, Shlomo
作者单位：Universidad Carlos III de Madrid; Southern Methodist University
摘要：This paper investigates the effect of linguistic diversity on redistribution in a broad cross-section of countries. We use the notion of linguistic distances and show that the commonly used fractionalization index, which ignores linguistic distances, yields insignificant results. However, once distances between languages are accounted for, linguistic diversity has both a statistically and economically significant effect on redistribution. With an average level of redistribution of 9.5% of GDP ...
