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A journalist reports to a voter on an unknown, policy-relevant state. Competing special interests can make claims that contradict the facts but seem credible to the voter. A reputational incentive to avoid taking sides leads the journalist to report special interests' claims to the voter. In...
Persistent link: https://www.econbiz.de/10012458856
Cities generate negative, as well as positive, externalities; addressing those externalities requires both infrastructure and institutions. Providing clean water and removing refuse requires water and sewer pipes, but the urban poor are often unwilling to pay for the costs of that piping....
Persistent link: https://www.econbiz.de/10012456762
We study the problem of learning about the slope of a linear relationship between an outcome (e.g., quantity) and an input (e.g., price) when the outcome is subject to time-varying, unobserved economic shocks. We show that restrictions on the absolute magnitude of the economic shocks are...
Persistent link: https://www.econbiz.de/10012481411
We study the problem of measuring group differences in choices when the dimensionality of the choice set is large. We show that standard approaches suffer from a severe finite-sample bias, and we propose an estimator that applies recent advances in machine learning to address this bias. We apply...
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News consumption is moving online. If this move fundamentally changes how news is produced and consumed it will have important ramifications for politics. In this chapter we formulate a model of the supply and demand of news online that is motivated by descriptive features of online news...
Persistent link: https://www.econbiz.de/10012458987
A sender sends a signal about a state to a receiver who takes an action that determines a payoff. A moderator can block some or all of the sender's signal before it reaches the receiver. When the moderator's policy is transparent to the receiver, the moderator can improve the payoff by blocking...
Persistent link: https://www.econbiz.de/10014486247
We study the causal interpretation of instrumental variables (IV) estimands of nonlinear, multivariate structural models with respect to rich forms of model misspecification. We focus on guaranteeing that the researcher's estimator is sharp zero consistent, meaning that the researcher concludes...
Persistent link: https://www.econbiz.de/10014421224
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