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Are Tenure Track Professors Better Teachers?

Figlio, David N. - 2013

This study makes use of detailed student-level data from eight cohorts of first-year students at Northwestern University to investigate the relative effects of tenure track/tenured versus non-tenure line faculty on student learning. We focus on classes taken during a student's first term at...

Persistent link: https://www.econbiz.de/10013076574

Reforming Budgetary Language

Bradford, David F. - 2021

In the context of several examples of problems associated with present budgetary conventions, I revisit Musgrave's conceptual division of the government's program into Allocation, Distribution and Stabilization Branch subbudgets. I suggest progress towards Musgrave's ideal of a more informative...

Persistent link: https://www.econbiz.de/10013237545

Can a Rational Choice Framework Make Sense of Anorexia Nervosa?

Goldfarb, Robert S.; Leonard, Thomas C. (Tim); … - 2022

Can a rational choice modeling framework help broaden our understanding of anorexia nervosa? This question is interesting because anorexia nervosa is a serious health concern, and because of the following issue: could a rational choice approach shed useful light on a condition which appears to...

Persistent link: https://www.econbiz.de/10014209325

A Unified Theory of Tobin's Q, Corporate Investment, Financing, and Risk Management

Bolton, Patrick; Chen, Hui; Wang, Neng - 2022

This paper proposes a simple homogeneous dynamic model of investment and corporate risk management for a financially constrained firm. Following Froot, Scharfstein, and Stein (1993), we define a corporation's risk management as the coordination of investment and financing decisions. In our...

Persistent link: https://www.econbiz.de/10014209333

To What Extent are Tariffs Offset by Exchange Rates?

Jeanne, Olivier; Son, Jeongwon - 2023

In theory, we should expect tariffs to be partially offset by a currency appreciation in the tariff-imposing country or …

Persistent link: https://www.econbiz.de/10014346378

The Organization of Innovation : Property Rights and the Outsourcing Decision

Jungbauer, Thomas; Nicholson, Sean; Pan, June; Waldman, … - 2023

Why do firms outsource research and development (R&D) for some products while conducting R&D in-house for similar ones? An innovating firm risks cannibalizing its existing products. The more profitable these products, the more the firm wants to limit cannibalization. We apply this logic to the...

Persistent link: https://www.econbiz.de/10014346584

Welfare Analysis Meets Causal Inference

Finkelstein, Amy; Hendren, Nathaniel - 2023

We describe a framework for empirical welfare analysis that uses the causal estimates of a policy’s impact on net government spending. This framework provides guidance for which causal effects are (and are not) needed for empirical welfare analysis of public policies.The key ingredient is the...

Persistent link: https://www.econbiz.de/10014346912

An Instrumental Variable Approach to Dynamic Models

Berry, Steven; Compiani, Giovanni - 2023

We present a new class of methods for identification and inference in dynamic models with serially correlated unobservables, which typically imply that state variables are econometrically endogenous. In the context of Industrial Organization, these state variables often reflect econometrically...

Persistent link: https://www.econbiz.de/10014346917

The Moral Preferences of Investors : Experimental Evidence

Bonnefon, Jean-Francois; Landier, Augustin; Sastry, … - 2023

We characterize investors’ moral preferences in a parsimonious experimental setting, where we auction stocks with various ethical features. We find strong evidence that investors seek to align their investments with their social values (“value alignment”), and find no evidence of behavior...

Persistent link: https://www.econbiz.de/10014347086

Pricing When Customers Care About Fairness But Misinfer Markups

Eyster, Erik; Madarasz, Kristof; Michaillat, Pascal - 2023

This paper proposes a theory of price rigidity consistent with survey evidence that firms stabilize prices out of … fairness to their consumers. The theory relies on two psychological assumptions. First, customers care about the fairness of … rigid. Embedded in a simple macroeconomic model, our pricing theory produces nonneutral monetary policy, a short …

Persistent link: https://www.econbiz.de/10014347525

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