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brought about by the "credibility revolution," and the scientific value that follows from grounding estimation and … interpretation in economic theory. We discuss a menu of commonly employed partial equilibrium approaches to the identification of … case for a specific causal interpretation given the relevant economic theory, the data, the institutional context and the …
Persistent link: https://www.econbiz.de/10012985653
credibility revolution in empirical work can be traced to the rise of a design-based approach that emphasizes the identification … their prima facie credibility and by the attention investigators devote to making the case for a causal interpretation of …
Persistent link: https://www.econbiz.de/10013146843
In recent years the academic world has experienced a mushrooming of journals that falsely pretend to be legitimate academic outlets. We study this phenomenon using information from 46,000 researchers seeking promotion in Italian academia. About 5% of them have published in journals included in...
Persistent link: https://www.econbiz.de/10012946585
The COVID-19 pandemic brought unprecedented policy responses and a large literature evaluating their impacts. This paper re-examines and add to the evidence on the impact of COVID-19 mobility-restricting policies on mobility indicators. We first find that two-way fixed effects estimates are not...
Persistent link: https://www.econbiz.de/10014087467
This paper studies the identification and estimation of preferences and technologies in equilibrium hedonic models. In it, we identify nonparametric structural relationships with nonadditive heterogeneity. We determine what features of hedonic models can be identified from equilibrium...
Persistent link: https://www.econbiz.de/10013157521
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in a...
Persistent link: https://www.econbiz.de/10012779356
We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10013013596
Presenteeism, i.e. attending work while sick, is widespread and associated with significant costs. Still, economic analyses of this phenomenon are rare. In a theoretical model, we show that presenteeism arises due to differences between workers in (health-related) disutility from workplace...
Persistent link: https://www.econbiz.de/10013023426
We perform an incentivized experiment designed to assess the accuracy of beliefs about characteristics and decisions. Subjects are asked to declare some specific choices and characteristics with different levels of observability from an external point of view, and typically formed through real...
Persistent link: https://www.econbiz.de/10013026876
We show how experience and dynamic learning processes reduce the obstacles to optimization imposed by information frictions when individuals newly enter the formal sector economy. Most importantly, we provide causal evidence on the exact mechanisms through which individuals learn about the...
Persistent link: https://www.econbiz.de/10012918220