Outputs (648)

Skill-Biased Structural Change (2021)
Journal Article
Buera, F. J., Kaboski, J. P., Rogerson, R., & Vizcaino, J. I. (2022). Skill-Biased Structural Change . Review of Economic Studies, 89(2), 592–625. https://doi.org/10.1093/restud/rdab035

Using a broad panel of advanced economies, we document that increases in GDP per capita are associated with a systematic shift in the composition of value added to sectors that are intensive in high-skill labour, a process we label as skill-biased st... Read More about Skill-Biased Structural Change .

The economic impact of political instability and mass civil protest (2021)
Journal Article
Matta, S., Bleaney, M., & Appleton, S. (2022). The economic impact of political instability and mass civil protest. Economics and Politics, 34(1), 253-270. https://doi.org/10.1111/ecpo.12197

An extensive literature has examined the economic effects of non-violent political instability events. Nonetheless, the issue of whether economies react differently over time to such events remains largely unexplored. Using synthetic control methodol... Read More about The economic impact of political instability and mass civil protest.

The value-added tax and growth: design matters (2021)
Journal Article
Acosta-Ormaechea, S., & Morozumi, A. (2021). The value-added tax and growth: design matters. International Tax and Public Finance, 28(5), 1211-1241. https://doi.org/10.1007/s10797-021-09681-2

Previous research has shown that changes in the composition of tax revenue affect long-run growth. However, little is yet known about whether the way tax revenue is raised matters for growth. This paper examines whether, in the context of OECD countr... Read More about The value-added tax and growth: design matters.

A self-funding reward mechanism for tax compliance (2021)
Journal Article
Fatas, E., Nosenzo, D., Sefton, M., & Zizzo, D. J. (2021). A self-funding reward mechanism for tax compliance. Journal of Economic Psychology, 86, Article 102421. https://doi.org/10.1016/j.joep.2021.102421

We compare in a laboratory experiment two audit-based tax compliance mechanisms that collect fines from those found non-compliant. The mechanisms differ in the way fines are redistributed to individuals who were either not audited or audited and foun... Read More about A self-funding reward mechanism for tax compliance.

Do dictators signal strength with electoral fraud? (2021)
Journal Article
Ananyev, M., & Poyker, M. (2022). Do dictators signal strength with electoral fraud?. European Journal of Political Economy, 71, Article 102075. https://doi.org/10.1016/j.ejpoleco.2021.102075

What role does electoral fraud play in nondemocracies? In this paper, we offer an empirical test of a popular idea that authoritarian governments use elections to engineer overwhelming victories with electoral fraud thus deterring potential oppositio... Read More about Do dictators signal strength with electoral fraud?.

The Attraction and Compromise Effects in Bargaining: Experimental Evidence (2021)
Journal Article
Galeotti, F., Montero, M., & Poulsen, A. (2022). The Attraction and Compromise Effects in Bargaining: Experimental Evidence. Management Science, 68(4), 2377-3174. https://doi.org/10.1287/mnsc.2021.4025

We experimentally investigate, in an unstructured bargaining environment with commonly known money payoffs, the attraction effect and compromise effect (AE and CE) in bargaining, namely, a tendency for bargainers to agree to an intermediate option (C... Read More about The Attraction and Compromise Effects in Bargaining: Experimental Evidence.

Contextualised strong reciprocity explains selfless cooperation despite selfish intuitions and weak social heuristics (2021)
Journal Article
Isler, O., Gächter, S., Maule, A. J., & Starmer, C. (2021). Contextualised strong reciprocity explains selfless cooperation despite selfish intuitions and weak social heuristics. Scientific Reports, 11(1), Article 13868. https://doi.org/10.1038/s41598-021-93412-4

Humans frequently cooperate for collective benefit, even in one-shot social dilemmas. This provides a challenge for theories of cooperation. Two views focus on intuitions but offer conflicting explanations. The Social Heuristics Hypothesis argues tha... Read More about Contextualised strong reciprocity explains selfless cooperation despite selfish intuitions and weak social heuristics.

Acquirers and financial constraints: Theory and evidence from emerging markets (2021)
Journal Article
Mukherjee, R., & Proebsting, C. (2021). Acquirers and financial constraints: Theory and evidence from emerging markets. Journal of International Money and Finance, 117, Article 102440. https://doi.org/10.1016/j.jimonfin.2021.102440

Financial crises in emerging market economies induce diverging patterns of ownership stakes and subsequent divestiture rates among domestic and foreign acquirers. We rationalize these empirical findings in a tractable model where domestic acquirers a... Read More about Acquirers and financial constraints: Theory and evidence from emerging markets.

A Theory of Outside Equity: Financing Multiple Projects (2021)
Journal Article
Bougheas, S., & Wang, T. (2021). A Theory of Outside Equity: Financing Multiple Projects. Journal of Corporate Finance, 69, Article 102025. https://doi.org/10.1016/j.jcorpfin.2021.102025

In the financial economics literature debt contracts provide optimal solutions for addressing managerial moral hazard problems. We analyze a model with multiple projects where the manager obtains private information about their quality after the cont... Read More about A Theory of Outside Equity: Financing Multiple Projects.

A test for strict stationarity in a random coefficient autoregressive model of order 1 (2021)
Journal Article
Trapani, L. (2021). A test for strict stationarity in a random coefficient autoregressive model of order 1. Statistics and Probability Letters, 177, Article 109164. https://doi.org/10.1016/j.spl.2021.109164

We propose a test for the null of strict stationarity in a Random Coefficient AutoRe-gression (RCAR) of order 1. The test can also be used in the case of a standard AR(1) model, and it can be applied under minimal requirements on the existence of mom... Read More about A test for strict stationarity in a random coefficient autoregressive model of order 1.