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The Rise of the Fourth Estate : How Newspapers Became Informative and Why it Mattered
Gentzkow, Matthew Aaron; Glaeser, Edward L.; Goldin, Claudia - 2021
A free and informative press is widely agreed to be crucial to the democratic process today. But throughout much of the nineteenth century U.S. newspapers were often public relations tools funded by politicians, and newspaper independence was a rarity. The newspaper industry underwent...
Persistent link: https://www.econbiz.de/10013310171
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Young, Restless and Creative : Openness to Disruption and Creative Innovations
Acemoglu, Daron - 2015
This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations-innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...
Persistent link: https://www.econbiz.de/10013034169
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A Gains from Trade Perspective on Macroeconomic Fluctuations
Beaudry, Paul - 2011
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that … incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into … "gains from trade" approach can easily explain why changes in perceptions about the future (including "news" about the future …
Persistent link: https://www.econbiz.de/10013121592
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Skill Acquisition, Credit Constraints, and Trade
Chesnokova, Tatyana - 2006
wealth. We use a two factor general equilibrium model and assume credit markets are absent. We explore the effects of trade … that developed countries need to ensure access to education when liberalizing trade to ensure they reap the potential gains … from trade …
Persistent link: https://www.econbiz.de/10012779330
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Execution Risk
Engle, Robert F. - 2010
execution and the risk is a result of price movements during a more gradual trading. The paper shows that the trade-off between …
Persistent link: https://www.econbiz.de/10012761661
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Productivity Measurement for a Distribution Firm
Diewert, W. Erwin - 2010
The paper derives a consistent accounting framework for the treatment of inventories when measuring the productivity of a distribution firm. The average purchase price of an inventory item during an accounting period must be distinguished from its average selling price and these two average...
Persistent link: https://www.econbiz.de/10012763569
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Islam, Inequality and Pre-Industrial Comparative Development
Michalopoulos, Stelios - 2015
This study explores the interaction between trade and geography in shaping the Islamic economic doctrine. We build a … model where an unequal distribution of land quality in presence of trade opportunities conferred differential gains from … trade across regions, fostering predatory behavior by groups residing in the poorly endowed territories. We show that in …
Persistent link: https://www.econbiz.de/10013016651
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Efficiency and Information Transmission in Bilateral Trading
Shimer, Robert - 2015
trader can walk away from a proposed trade when he learns the trading price. We show that when one trader's information is …
Persistent link: https://www.econbiz.de/10013017078
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How You Export Matters : Export Mode, Learning and Productivity in China
Bai, Xue - 2015
the WTO, its exports and export participation would have been 30 and 37 percent lower respectively …
Persistent link: https://www.econbiz.de/10013022601
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An Economic Analysis of a Drug-Selling Gang'S Finances
Levitt, Steven D.; Venkatesh, Sudhir Alladi - 2021
We analyze a unique data set detailing the financial activities of a drug-selling street gang on a monthly basis over a four-year period in the recent past. The data, originally compiled by the gang leader to aid in managing the organization, contain detailed information on both the sources of...
Persistent link: https://www.econbiz.de/10013220527