Showing 1 - 10 of 105
This paper examines the effects of port development on the economy. By using scarce local land intensively, ports put … – a technology that substantially increased land requirements at the port – to estimate the effects of port development … the causal effect of the shipping boom caused by containerization on local population is zero – port development increases …
Persistent link: https://www.econbiz.de/10012319315
international and internal trade with port and road infrastructure to assess the relative importance of ports versus roads in … elasticity of route switching governs the relative gains from port vs road improvements. I find that returns of improving ports …
Persistent link: https://www.econbiz.de/10015074610
Rational choice theories assume that voters accurately assess the outcomes of policies. However, many important policies—such as regulating prices and introducing Pigouvian taxation—yield outcomes through indirect or equilibrium effects that may differ from their direct effects. Citizens may...
Persistent link: https://www.econbiz.de/10014578562
suggest that developing models in which economic agents have degrees (or levels) of economic cognition which are endogenously … instead introduce continuous metrics of cognition into economic thinking. Such an approach also poses the two policy issues of … whether raising levels of economic cognition should be an objective of policy and whether policy interventions motivated by …
Persistent link: https://www.econbiz.de/10002756346
The long-term unemployed sometimes lack basic soft skills needed to enter and succeed in the labor market. We examine whether it is possible to develop or enhance these skills among adults by using a large-scale randomized control trial (RCT) to evaluate the effectiveness of an Active Labor...
Persistent link: https://www.econbiz.de/10012888471
We construct a dynamic model of child development where forward-looking parents and children jointly take actions to increase the child's cognitive and non-cognitive skills within a Markov Perfect Equilibrium framework. In addition to time and money investments in their child, parents also...
Persistent link: https://www.econbiz.de/10014340223
We develop interpretable, quantitative indices of the objective and subjective complexity of lottery choice problems that can be computed for any standard dataset. These indices capture the predicted error rate in identifying the lottery with the highest expected value, where the predictions are...
Persistent link: https://www.econbiz.de/10014340230
Investors' return expectations are pivotal in stock markets, but the reasoning behind these expectations remains a black box for economists. This paper sheds light on economic agents' mental models - their subjective understanding - of the stock market, drawing on surveys with the US general...
Persistent link: https://www.econbiz.de/10014383579
We introduce the word illustration task (WIT), a novel experimental task to quantify performance in an idea generation context. Between treatments, we vary whether or not piece-rate (PR) incentives are implemented and the degree to which these incentives are aligned with the desirable outcome....
Persistent link: https://www.econbiz.de/10015179208
Recent research is exploring the case for choice-induced changes in preferences using the free-choice paradigm of Brehm (1956). Participants are faced with a choice between items that they have given the same rating of liking, two items at a time, and it is found that an item not chosen in one...
Persistent link: https://www.econbiz.de/10003922663