All Outputs (628)

Equilibrium Analysis in Behavioural One-Sector Growth Models (2023)
Journal Article
Acemoglu, D., & Jensen, M. K. (2024). Equilibrium Analysis in Behavioural One-Sector Growth Models. Review of Economic Studies, 91(2), 599-640. https://doi.org/10.1093/restud/rdad043

Rich behavioral biases, mistakes and limits on rational decision-making are often thought to make equilibrium analysis much more intractable. We establish that this is not the case in the context of one-sector growth models such as Ramsey-Cass-Koopma... Read More about Equilibrium Analysis in Behavioural One-Sector Growth Models.

Emigration and Entrepreneurial Drain (2023)
Journal Article
Anelli, M., Basso, G., Ippedico, G., & Peri, G. (2023). Emigration and Entrepreneurial Drain. American Economic Journal: Applied Economics, 15(2), 218-252. https://doi.org/10.1257/app.20210194

Emigration of young, highly educated individuals may deprive origin countries of entrepreneurs. We identify exogenous variation in emigration from Italy by interacting past diaspora networks and current economic pull factors in destination countries.... Read More about Emigration and Entrepreneurial Drain.

Optimal Sequential Contests (2023)
Journal Article
Hinnosaar, T. (in press). Optimal Sequential Contests. Theoretical Economics, 19(1), 207-244. https://doi.org/10.2139/ssrn.3119014

I study sequential contests where the efforts of earlier players may be disclosed to later players by nature or by design. The model has many applications, including rent seeking, R\&D, oligopoly, public goods provision, and tragedy of the commons. I... Read More about Optimal Sequential Contests.

Naïve Buying Diversification and Narrow Framing by Individual Investors (2023)
Journal Article
Gathergood, J., Hirshleifer, D., Leake, D., Sakaguchi, H., & Stewart, N. (2023). Naïve Buying Diversification and Narrow Framing by Individual Investors. Journal of Finance, 78(3), 1705-1741. https://doi.org/10.1111/jofi.13222

We provide the first tests to distinguish whether individual investors equally balance their overall portfolios (naïve portfolio diversification, NPD) or, in contrast, equally balance the values of same-day purchases of multiple assets (naïve buying... Read More about Naïve Buying Diversification and Narrow Framing by Individual Investors.

Race, Representation, and Local Governments in the US South: The Effect of the Voting Rights Act (2023)
Journal Article
Bernini, A., Facchini, G., & Testa, C. (2023). Race, Representation, and Local Governments in the US South: The Effect of the Voting Rights Act. Journal of Political Economy, 131(4), 994-1056. https://doi.org/10.1086/722092

The Voting Rights Act of 1965 redefined race relations in the United States. Yet evidence on its effect on Black office holding remains scant. Using novel data on Black elected officials between 1962 and 1980, we assess the impact of the Voting Right... Read More about Race, Representation, and Local Governments in the US South: The Effect of the Voting Rights Act.

Let's stay together: The effects of repeat student-teacher matches on academic achievement (2023)
Journal Article
Albornoz, F., Contreras, D., & Upward, R. (2023). Let's stay together: The effects of repeat student-teacher matches on academic achievement. Economics of Education Review, 94, Article 102375. https://doi.org/10.1016/j.econedurev.2023.102375

We explore the effectiveness of repeating the student-teacher match on test scores, for the universe of 8th graders in Chile using information on all student-teacher matches across multiple subjects and years, and a national, anonymous measure of tes... Read More about Let's stay together: The effects of repeat student-teacher matches on academic achievement.

Income diversification and household welfare in Uganda 1992–2012 (2023)
Journal Article
Khan, R., & Morrissey, O. (2023). Income diversification and household welfare in Uganda 1992–2012. Food Policy, 116, Article 102421. https://doi.org/10.1016/j.foodpol.2023.102421

We use five waves of household surveys in Uganda, from 1992/3 to 2011/12, to study income diversification and its effect on the welfare of rural and urban households during a period of sustained economic growth and poverty reduction, comparing the 19... Read More about Income diversification and household welfare in Uganda 1992–2012.

Measuring “Group Cohesion” to Reveal the Power of Social Relationships in Team Production (2023)
Journal Article
Gächter, S., Starmer, C., & Tufano, F. (2023). Measuring “Group Cohesion” to Reveal the Power of Social Relationships in Team Production. Review of Economics and Statistics, 1-45. https://doi.org/10.1162/rest_a_01283

We introduce "group cohesion" to study the economic relevance of social relationships in team production. We operationalize measurement of group cohesion, adapting the "oneness scale" from psychology. A series of experiments, including a pre-register... Read More about Measuring “Group Cohesion” to Reveal the Power of Social Relationships in Team Production.

Tax Audits as Scarecrows: Evidence from a Large-Scale Field Experiment (2023)
Journal Article
Bergolo, M., Ceni, R., Cruces, G., Giaccobasso, M., & Perez-Truglia, R. (2023). Tax Audits as Scarecrows: Evidence from a Large-Scale Field Experiment. American Economic Journal: Economic Policy, 15(1), 110-153. https://doi.org/10.1257/pol.20200321

The canonical model of Allingham and Sandmo (1972) predicts that firms evade taxes by optimally trading off between the costs and benefits of evasion. However, there is no direct evidence that firms react to audits in this way. We conducted a large-s... Read More about Tax Audits as Scarecrows: Evidence from a Large-Scale Field Experiment.

Who wins and who loses from state subsidies? (2023)
Journal Article
Du, J., Girma, S., Görg, H., & Stepanok, I. (2023). Who wins and who loses from state subsidies?. Canadian Journal of Economics / Revue Canadienne d'Économique, 56(3), 1007-1031. https://doi.org/10.1111/caje.12644

China is perceived to rely on subsidizing firms in targeted industries to improve their performance and stay competitive. We implement an approach that allows for the joint estimation of direct and indirect effects of subsidies on subsidized and non-... Read More about Who wins and who loses from state subsidies?.

Real-Time Monitoring of Bubbles and Crashes (2023)
Journal Article
Whitehouse, E. J., Harvey, D. I., & Leybourne, S. J. (2023). Real-Time Monitoring of Bubbles and Crashes. Oxford Bulletin of Economics and Statistics, 85(3), 482-513. https://doi.org/10.1111/obes.12540

Given the financial and economic damage that can be caused by the collapse of an asset price bubble, it is of critical importance to rapidly detect the onset of a crash once a bubble has been identified. We develop a real-time monitoring procedure fo... Read More about Real-Time Monitoring of Bubbles and Crashes.

“Greedy” demand adjustment in cooperative games (2023)
Journal Article
Montero, M., & Possajennikov, A. (2023). “Greedy” demand adjustment in cooperative games. Annals of Operations Research, https://doi.org/10.1007/s10479-023-05179-8

This paper studies a simple process of demand adjustment in cooperative games. In the process, a randomly chosen player makes the highest possible demand subject to the demands of other coalition members being satisfied. This process converges to the... Read More about “Greedy” demand adjustment in cooperative games.

Benefits of enhanced access to education in Tanzania (2023)
Journal Article
Donath, L., Morrissey, O., & Owens, T. (2023). Benefits of enhanced access to education in Tanzania. Development Policy Review, 41(3), Article e12674. https://doi.org/10.1111/dpr.12674

Motivation
Expanding access to education is a desirable policy. Tanzania implemented Universal Primary Education (UPE) in 2001 and expanded secondary education in 2006. However, evidence that UPE delivers benefits in educational attainment or earnin... Read More about Benefits of enhanced access to education in Tanzania.

Buy now, pay later (BNPL) …on your credit card (2023)
Journal Article
Guttman-Kenney, B., Firth, C., & Gathergood, J. (2023). Buy now, pay later (BNPL) …on your credit card. Journal of Behavioral and Experimental Finance, 37, Article 100788. https://doi.org/10.1016/j.jbef.2023.100788

We provide the first economic research on ‘buy now, pay later’ (BNPL): an unregulated FinTech credit product enabling consumers to defer payments into interest-free instalments. We study BNPL using UK credit card transaction data. We document consume... Read More about Buy now, pay later (BNPL) …on your credit card.

Estimating carbon footprints from large scale financial transaction data (2022)
Journal Article
Trendl, A., Owen, A., Vomfell, L., Kilian, L., Gathergood, J., Stewart, N., & Leake, D. (2023). Estimating carbon footprints from large scale financial transaction data. Journal of Industrial Ecology, 27(1), 56-70. https://doi.org/10.1111/jiec.13351

Financial transactions are increasingly used by consumer apps and financial service providers to estimate consumption-based carbon emissions. This approach promises a low-resource, ultra-fast, and highly scalable approach to measuring emissions at di... Read More about Estimating carbon footprints from large scale financial transaction data.

The Impact of Covid-19 on Productivity (2022)
Journal Article
Bloom, N., Bunn, P., Mizen, P., Smietanka, P., & Thwaites, G. (in press). The Impact of Covid-19 on Productivity. Review of Economics and Statistics,

We analyse the impact of Covid-19 on productivity using data from an innovative monthly firm survey that asks for quantitative impacts of Covid-19 on inputs and outputs. We find total factor productivity (TFP) fell by up to 6% during 2020-21. The ove... Read More about The Impact of Covid-19 on Productivity.

Procrastination in the Field: Evidence from Tax Filing (2022)
Journal Article
Martinez, S. K., Meier, S., & Sprenger, C. (2023). Procrastination in the Field: Evidence from Tax Filing. Journal of European Economic Association, 21(3), 1119-1153. https://doi.org/10.1093/jeea/jvac067

Understanding the structure of time preferences allows for accurate predictions of the effects of changing intertemporal incentives. Behavioral models of present bias are used to rationalize field data seemingly at odds with exponential discounting,... Read More about Procrastination in the Field: Evidence from Tax Filing.

The trade-GDP ratio as a measure of openness (2022)
Journal Article
Bleaney, M., & Tian, M. (2023). The trade-GDP ratio as a measure of openness. World Economy, 46(5), 1319-1332. https://doi.org/10.1111/twec.13355

The ratio of trade to GDP is often used as a summary measure of a country's openness to the rest of the world. It is well known that the trade-GDP ratio is affected by relatively time-invariant factors, such as country size and remoteness from tradin... Read More about The trade-GDP ratio as a measure of openness.

The UK's Great Demand and Supply Recession (2022)
Journal Article
Jacob, N., & Mion, G. (2023). The UK's Great Demand and Supply Recession. Oxford Bulletin of Economics and Statistics, 85(5), 993-1022. https://doi.org/10.1111/obes.12533

We revisit the weak productivity performance of the UK since the Great Recession by means of both a suitable theoretical framework and firm-level price and quantity data for detailed products, allowing us to measure both demand and its changes over t... Read More about The UK's Great Demand and Supply Recession.

The Value of Managers' Export Experience: Lessons from the Angolan Civil War (2022)
Journal Article
Mion, G., Opromolla, L. D., Sforza, A., Ornelas, E., Ottaviano, G., Overman, H., & Pisch, F. (in press). The Value of Managers' Export Experience: Lessons from the Angolan Civil War. Review of Economics and Statistics, https://doi.org/10.1162/rest_a_01278

We investigate how managers help firms grow by entering a new export market. We conduct an event study on the decision to export to Angola using data on Portuguese firms and workers. We evaluate the impact of the presence of managers with experience... Read More about The Value of Managers' Export Experience: Lessons from the Angolan Civil War.