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The Demise of Walk Zones in Boston: Priorities vs. Precedence in School Choice
Dur, Umut M.; Kominers, Scott Duke; Pathak, Parag A.; … - National Bureau of Economic Research (NBER) - 2013
effect of this policy is lost because of the precedence order. Despite widely held impressions about the importance of …
Persistent link: https://www.econbiz.de/10010969267
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The Welfare Effects of Coordinated Assignment: Evidence from the NYC HS Match
Abdulkadiroğlu, Atila; Agarwal, Nikhil; Pathak, Parag A. - National Bureau of Economic Research (NBER) - 2015
range of estimates, we find that the average student's welfare gain from coordinating assignment is substantially more than …
Persistent link: https://www.econbiz.de/10011213648
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Bankruptcy and Collateral in Debt Constrained Markets
Kehoe, Timothy J.; Levine, David - National Bureau of Economic Research (NBER) - 2006
the environment changes, the equilibrium allocation is no longer constrained efficient. …
Persistent link: https://www.econbiz.de/10005061561
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Producers and Predators
Grossman, Herschel I. - National Bureau of Economic Research (NBER) - 1999
This paper explores a series of general-equilibrium models in which people can choose to be either producers or predators, and in which producers can allocate their resources either to production or to guarding their production against predators. The analysis shows how the ratio of predators to...
Persistent link: https://www.econbiz.de/10005580714
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The Geography of Development: Evaluating Migration Restrictions and Coastal Flooding
Rossi-Hansberg, Esteban; Desmet, Klaus; Nagy, Dávid … - National Bureau of Economic Research (NBER) - 2015
liberalizing migration would increase welfare more than three-fold and would significantly affect the evolution of particular … different levels of migration frictions. We bring the model to the data for the whole world economy at a 1°×1° geographic … resolution. We then use the model to quantify the gains from relaxing migration restrictions as well as to describe the evolution …
Persistent link: https://www.econbiz.de/10011252659
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Education, Birth Order, and Family Size
Bagger, Jesper; Birchenall, Javier A.; Mansour, Hani; … - National Bureau of Economic Research (NBER) - 2013
We introduce a general framework to analyze the trade-off between education and family size. Our framework incorporates parental preferences for birth order and delivers theoretically consistent birth order and family size effects on children's educational attainment. We develop an empirical...
Persistent link: https://www.econbiz.de/10010969380
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Theory, General Equilibrium and Political Economy in Development Economics
Acemoglu, Daron - National Bureau of Economic Research (NBER) - 2010
models, estimates of which can be used for counterfactual and policy analysis. I discuss why counterfactual analysis based on …
Persistent link: https://www.econbiz.de/10008627143
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Quantitative Asset Pricing Implications of Endogenous Solvency Constraints
Jermann, Urban Joseph; Alvarez, Fernando - National Bureau of Economic Research (NBER) - 1999
We study the asset pricing implications of an economy where solvency constraints are determined to efficiently deter agents from defaulting. We present a simple example for which efficient allocations and all equilibrium elements are characterized analytically. The main model produces large...
Persistent link: https://www.econbiz.de/10005714433
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Bubbles and Self-Enforcing Debt
Hellwig, Christian; Lorenzoni, Guido - National Bureau of Economic Research (NBER) - 2006
1989), positive levels of debt are sustainable in our environment because the interest rate is sufficiently low to provide …
Persistent link: https://www.econbiz.de/10005775063
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Asset Pricing when Risk Sharing is Limited by Default
Jermann, Urban Joseph; Alvarez, Fernando - National Bureau of Economic Research (NBER) - 1998
would leave them otherwise worse off. We specialize and extend the environment studied by Kocherlakota (1995) and Kehoe and … sharing. We show a version of the classical welfare theorems for this equilibrium definition. We characterize the pricing …
Persistent link: https://www.econbiz.de/10005777285