A Fast Literature Search Engine based on top-quality journals, by Dr. Mingze Gao.
- Topic classification is ongoing.
- Please kindly let me know [mingze.gao@mq.edu.au] in case of any errors.
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Results 552 resources
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We show that the Armenter and Koren model's firm-product-countryresults rely on the assumption that export shipment size is independent of firm size, and this assumption is contradicted by the data.When actual shipment sizes are used in the balls-and-bins model, itcannot reproduce the data on single product/single country exporters.Beyond just showing that the shipment size assumption mattersto balls-and-bins outcomes, our results highlight the important factthat shipment size is an economic decision, co-determined with otherexport choices. For this reason, we argue that a balls-and-bins modelcannot be a purely statistical benchmark model. (JEL F11, F14, O13,O19, Q37)
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Blum, Claro, and Horstmann (2016) make two statements about theballs-and-bins model of Armenter and Koren (2014). First, that usingfirm-level shipment data changes some of our results. Second, thatthe balls-and-bins model is not an appropriate statistical method.We respond to the first statement and argue that the second statementis unfounded and unrelated to the first. Indeed, the work ofBlum, Claro, and Horstmann (2016) is a perfect example of how touse balls-and-bins in a rich dataset to spot interesting data patterns.(JEL F11, F14)
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We examine the reference-dependent risk preferences of Koszegi and Rabin (2007), focusing on their choice-acclimating personal equilibria. Although their model has only a trivial intersection (expected utility) with other reference-dependent models, it has very strong connections with models that rely on different psychological intuitions. We prove that the intersection of rank-dependent utility and quadratic utility, two well-known generalizations of expected utility, is exactly monotone linear gain-loss choice-acclimating personal equilibria. We use these relationships to identify parameters of the model, discuss loss and risk aversion, and demonstrate new applications.
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The fact that actual economic advance over time normally means producing and consuming different things is usually left implicit in modern models of economic growth. By contrast, qualitative change–new goods and services, and better versions of what already existed–is central to Robert Gordon's history of the improvement of American living standards since 1870. A major contribution of his fine-grained account of this experience is to make clear what this improvement has meant, and why it has mattered to ordinary citizens.
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We exploit regional variations in U.S. house price fluctuations during the boom-bust cycle of the 2000s to study the impact of the housing cycle on young Americans' choices related to education and employment. We find that in MSAs which experienced large increases in house prices between 2001 and 2006, young adults were substantially more likely to forego a higher education and join the workforce, lowering skill formation. During the bust years, the young, especially those without higher education, were more likely to be unemployed in areas which experienced higher declines in house prices.
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The Earth system may react in a nonlinear threshold response to climate forcings. Incorporating threshold responses into integrated assessment models (IAMs) used for climate policy analysis poses nontrivial challenges, for example due to methodological limitations and pervasive deep uncertainties. Here we explore a specific threshold response, a potential disintegration of the West Antarctic Ice Sheet (WAIS). We review the current scientific understanding of WAIS, identify methodological and conceptual issues, and demonstrate avenues to address some of them through a stochastic hazard IAM framework combining emulation, expert knowledge, and learning. We conclude with a discussion of challenges and research needs.
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A microeconomics principles course employing random assignment across three sections with different teaching models is used to explore learning outcomes as measured by a cumulative final exam for students who participate in traditional face-to-face classroom instruction, blended face-to-face and online instruction with reduced instructor contact time, and a purely online instructional format. Evidence indicates learning outcomes were reduced for students in the purely online section relative to those in the face-to-face format by 5 to 10 points on a cumulative final exam. No statistically significant differences in outcomes are observed for students in the blended relative to the face-to-face section.
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Rothschild and Stiglitz (1970) represent random variables as convex functions (integrals of the cumulative distribution function). Combining this representation with Blackwell's Theorem (1953), we characterize distributions of posterior means that can be induced by a signal. This characterization provides a novel way to analyze a class of Bayesian persuasion problems.
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The surge in credit and house prices that preceded the Great Recession was particularly pronounced in ZIP codes with a higher fraction of subprime borrowers (Mian and Sufi, 2009). We present a simple model with prime and subprime borrowers distributed across geographic locations, which can reproduce this stylized fact as a result of an expansion in the supply of credit. Due to their low income, subprime households are constrained in their ability to meet interest payments and hence sustain debt. As a result, when the supply of credit increases and interest rates fall, they take on disproportionately more debt than their prime counterparts, who are not subject to that constraint.
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Journals
- American Economic Review (266)
- Journal of Finance (72)
- Journal of Financial Economics (123)
- Review of Financial Studies (91)
Topic
- Bond (16)
- CEO (13)
- Capital Structure (6)
- Director (4)
- Mergers and Acquisitions (4)
Resource type
- Journal Article (552)