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Matching with Trade-offs: Revealed Preferences over Competing Characteristics

Galichon, Alfred; Salanié, Bernard - C.E.P.R. Discussion Papers - 2010

characteristics that the analyst does not observe. The social optimum must therefore trade off matching on incomes and matching on … set of feasible matchings and of the socially optimal matching. Then we show how data on the covariation of the types of …

Persistent link: https://www.econbiz.de/10008530351

Tiered Housing Allocation: an Experimental Analysis

Carrillo, Juan D; Singhal, Saurabh - C.E.P.R. Discussion Papers - 2011

We study in the laboratory, a variant of the house allocation with existing tenants problem where agents are partitioned into tiers with different privileges. Members of higher tiers receive their allocation before those in lower tiers and can also take the endowment of a member of a lower tier...

Persistent link: https://www.econbiz.de/10008854498

The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy

Jordà, Òscar; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2013

After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty of identifying multipliers from observational data. This paper...

Persistent link: https://www.econbiz.de/10011083942

White Elephants

Robinson, James A; Torvik, Ragnar - C.E.P.R. Discussion Papers - 2002

Underdevelopment is thought to be about lack of investment, and many political economy theories can account for this …. Yet, there has been much investment in developing countries. The problem has been that investment growth has not led to … output growth. We therefore need to explain not simply underinvestment, but also the misallocation of investment. The …

Persistent link: https://www.econbiz.de/10005123875

A Political Economy Theory of the Soft Budget Constraint

Robinson, James A; Torvik, Ragnar - C.E.P.R. Discussion Papers - 2005

Why do soft budget constraints exist and persist? In this paper we argue that the prevalence of soft budget constraints can be best explained by the political desirability of softness. We develop a political economy model where politicians cannot commit to policies that are not ex post optimal....

Persistent link: https://www.econbiz.de/10005114300

Soaring Minds: The Flight of Israel’s Economists

Ben-David, Dan - C.E.P.R. Discussion Papers - 2007

Despite their small number, Israeli economists have become an important fixture in the international academic scene. In recent years, this phenomenon has been characterized by an additional attribute: the number of Israelis who have chosen to leave the country’s universities - or not to return...

Persistent link: https://www.econbiz.de/10005497751

Comparing the Early Research Performance of PhD Graduates in Labour Economics in Europe and the USA

Cardoso, Ana Rute; Guimaraes, Paulo; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2009

This paper analyzes the early research performance of PhD graduates in labor economics, addressing the following questions: Are there major productivity differences between graduates from American and European institutions? If so, how relevant is the quality of the training received (i.e....

Persistent link: https://www.econbiz.de/10004979475

The world’s oldest fiscal watchdog: CPB’s analyses foster consensus on economic policy

Bos, Frits; Teulings, Coen N - C.E.P.R. Discussion Papers - 2012

The sovereign debt problems in European countries have increased the interest in fiscal watchdogs. This paper discusses the world’s oldest fiscal watchdog, CPB Netherlands Bureau for Economic Policy Analysis (CPB). CPB was founded directly after World War II. It has built a reputation of...

Persistent link: https://www.econbiz.de/10011083741

Economic Science and Political Influence

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2012

When policymakers and private agents use models, the economists who design the model have an incentive to alter it in order influence outcomes in a fashion consistent with their own preferences. I discuss some consequences of the existence of such ideological bias. In particular, I analyze the...

Persistent link: https://www.econbiz.de/10011084158

A Citation-Analysis of Economic Research Institutes

Ketzler, Rolf; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2012

The citation analysis of the research output of the German economic research institutes presented here is based on publications in peer-reviewed journals listed in the Social Science Citation Index for the 2000 - 2009 period. The novel feature of the paper is that a count data model quantifies...

Persistent link: https://www.econbiz.de/10011084181