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Credit History : The Changing Nature of Scientific Credit

Gans, Joshua S. - 2014

This paper considers the role of the allocation of scientific credit in determining the organization of science. We … examine changes in that organization and the nature of credit allocation in the past half century. Our contribution is a … credit should be allocated to foster efficient outcomes …

Persistent link: https://www.econbiz.de/10013062483

Information Lost (Apologies to Milton)

Mann, Catherine L. - 2014

Vast amounts of information result from business and consumer search, communication, and transactions. All this information can enhance market efficiency and consumer surplus as firms tailor products to buyers. But, there is increased risk of information loss. What issues should be on the...

Persistent link: https://www.econbiz.de/10013062547

Addressing Global Environmental Externalities : Transaction Costs Considerations

Libecap, Gary D. - 2014

Is there a way to understand why some global environmental externalities are addressed effectively whereas others are not? The transaction costs of defining the property rights to mitigation benefits and costs is a useful framework for such analysis. This approach views international cooperation...

Persistent link: https://www.econbiz.de/10013062612

The Real Costs of Disclosure

Edmans, Alex - 2014

This paper models the effect of disclosure on real investment. We show that, even if the act of disclosure is costless, a high-disclosure policy can be costly. Some information ("soft") cannot be disclosed. Increased disclosure of "hard" information augments absolute information and reduces the...

Persistent link: https://www.econbiz.de/10013062921

The Impact of the Internet on Advertising Markets for News Media

Athey, Susan - 2014

In this paper, we explore the hypothesis that an important force behind the collapse in advertising revenue experienced by newspapers over the past decade is the greater consumer switching facilitated by online consumption of news. We introduce a model of the market for advertising on news media...

Persistent link: https://www.econbiz.de/10013062922

Land Prices and Unemployment

Liu, Zheng - 2014

We integrate the housing market and the labor market in a dynamic general equilibrium model with credit and search …

Persistent link: https://www.econbiz.de/10013063123

The Power of the Pill : Oral Contraceptives and Women'S Career and Marriage Decisions

Goldin, Claudia; Katz, Lawrence F. - 2021

The fraction of U.S. college graduate women entering professional programs increased substantially around 1970 and the age at first marriage among all U.S. college graduate women soared just after 1972. We explore the relationship between these two changes and how each was shaped by the...

Persistent link: https://www.econbiz.de/10013218088

The Elusive Gains from International Financial Integration

Gourinchas, Pierre-Olivier; Jeanne, Olivier - 2021

Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this type of...

Persistent link: https://www.econbiz.de/10013223047

Financial Structure, Liquidity, and Firm Locations

Almazan, Andres; De Motta, Adolfo - 2008

This paper investigates the relation between a firm's location and its corporate finance decisions. We develop a simple model where being located within an industry cluster increases opportunities to make acquisitions, and to facilitate those acquisitions, firms within clusters maintain more...

Persistent link: https://www.econbiz.de/10012773184

Firm Location and the Creation and Utilization of Human Capital

Almazan, Andres; De Motta, Adolfo; Titman, Sheridan - 2021

This paper presents a theory of location choice that draws on insights from the incomplete contracts and investment …

Persistent link: https://www.econbiz.de/10013247436

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