Canadian Journal of Economics-Revue Canadienne D Economique最新文献

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Production networks and the macroeconomic impacts of commodity price shocks 生产网络和商品价格冲击的宏观经济影响
IF 1.3 4区 经济学
Canadian Journal of Economics-Revue Canadienne D Economique Pub Date : 2025-05-13 DOI: 10.1111/caje.70007
Shutao Cao, Wei Dong
{"title":"Production networks and the macroeconomic impacts of commodity price shocks","authors":"Shutao Cao,&nbsp;Wei Dong","doi":"10.1111/caje.70007","DOIUrl":"https://doi.org/10.1111/caje.70007","url":null,"abstract":"<p>We examine the macro implications of commodity price shocks in a small open economy model with input–output linkages for a commodity-exporting small open economy. In the model, fluctuations in commodity prices have impacts on aggregate output not only through resource reallocation, currency value changes and monetary policy reaction but also through upstream and downstream input–output linkages (both domestically and with the rest of the world). We show the importance of input–output linkages as a shock transmission mechanism. We find that production linkages with the rest of the world play a significant role in amplifying the shock's aggregate impact.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"58 2","pages":"690-715"},"PeriodicalIF":1.3,"publicationDate":"2025-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144091375","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A welfare analysis of genetic testing in health insurance markets with adverse selection and prevention 具有逆向选择和预防的健康保险市场基因检测的福利分析
IF 1.3 4区 经济学
Canadian Journal of Economics-Revue Canadienne D Economique Pub Date : 2025-05-12 DOI: 10.1111/caje.70010
David Bardey, Philippe De Donder
{"title":"A welfare analysis of genetic testing in health insurance markets with adverse selection and prevention","authors":"David Bardey,&nbsp;Philippe De Donder","doi":"10.1111/caje.70010","DOIUrl":"https://doi.org/10.1111/caje.70010","url":null,"abstract":"<p>Personalized medicine remains in its early stages, with expensive genetic tests offering limited actionable insights for prevention. As a result, few individuals undergo testing, and health insurance contracts pool all agents regardless of genetic background. However, as tests become cheaper and more informative, more people may choose to get tested, influencing both insurance pricing and contract types. We examine how the proportion of individuals taking genetic tests and the informativeness of these tests affect whether equilibrium contracts remain pooling or become separating. We find that increasing test uptake can reduce welfare, particularly when it leads to a shift from pooling to separating contracts. Similarly, lower prevention effort costs, reflecting more informative tests, can harm welfare if they induce separation. These findings suggest that policies promoting genetic testing or reducing prevention costs may not always be beneficial, especially when the market equilibrium remains in a pooling state.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"58 2","pages":"443-483"},"PeriodicalIF":1.3,"publicationDate":"2025-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144091295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Privacy concerns in insurance markets: Implications for market equilibria and customer utility 保险市场中的隐私问题:对市场均衡和客户效用的影响
IF 1.3 4区 经济学
Canadian Journal of Economics-Revue Canadienne D Economique Pub Date : 2025-05-08 DOI: 10.1111/caje.70004
Irina Gemmo, Mark J. Browne, Helmut Gründl
{"title":"Privacy concerns in insurance markets: Implications for market equilibria and customer utility","authors":"Irina Gemmo,&nbsp;Mark J. Browne,&nbsp;Helmut Gründl","doi":"10.1111/caje.70004","DOIUrl":"https://doi.org/10.1111/caje.70004","url":null,"abstract":"<p>We analyze insurance market outcomes and customer utility under asymmetric information when customers have heterogeneous privacy concerns and access to a screening technology that permits their private information to be revealed. If the market outcome without the technology is of the Rothschild–Stiglitz type, so too is the market outcome with the technology for those who do not submit to the screening technology and thus retain their private information. Low-risk customers who reveal their private information are better off and those who do not reveal their risk type are no worse off, resulting in a Pareto improvement. If, however, the market outcome without the technology is of the Wilson–Miyazaki–Spence type, the market may no longer exhibit cross-subsidies after the screening technology is introduced. In this case, low-risk customers who reveal their risk type are better off, but this is at the expense of those who do not reveal their risk type, who are worse off due to intensified adverse selection. The negative externality on those who do not reveal their risk type can outweigh the utility gains of those low-risk customers who do reveal their risk type, resulting in lower expected welfare. In this case, a privacy law would improve expected welfare.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"58 2","pages":"484-514"},"PeriodicalIF":1.3,"publicationDate":"2025-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144091387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
“The risks cannot be compensated”: The willingness to donate DNA for science and its relationship with economic preferences “风险无法补偿”:为科学捐献DNA的意愿及其与经济偏好的关系
IF 1.3 4区 经济学
Canadian Journal of Economics-Revue Canadienne D Economique Pub Date : 2025-05-06 DOI: 10.1111/caje.70008
Richard Karlsson Linnér, Manisha Jain
{"title":"“The risks cannot be compensated”: The willingness to donate DNA for science and its relationship with economic preferences","authors":"Richard Karlsson Linnér,&nbsp;Manisha Jain","doi":"10.1111/caje.70008","DOIUrl":"https://doi.org/10.1111/caje.70008","url":null,"abstract":"<p>The accumulation of large genetic data is crucial for the scientific advancement of genetic research and precision medicine, but various participation biases threaten the validity of genetic research data sets. To better understand the decision to participate and its relationship with economic incentives and preferences, we studied the stated willingness to donate DNA for science by saliva sample in a representative panel of Dutch households. There were two randomized treatments, varying (i) the information material on benefits and risks and (ii) the intended financial incentive. The first treatment had no detectable effect, suggesting insensitivity to the information material. The higher incentive conditions had modest and diminishing effects, suggesting that offering higher incentives is not cost-effective. Stated reasons not to donate DNA concentrated on personal risks, e.g., privacy violations and data exploitation. Accordingly, stated risk willingness was found strongly associated, followed by trust and positive reciprocity. Revealed economic preferences were not associated. The results support previous findings for self-rated health, interpersonal trust and confidence in science or societal institutions but not for certain demographic variables (e.g., age, education and religiosity). We conclude by proposing strategies to encourage participation, e.g., to reallocate resources to risk-minimizing or compensatory measures.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"58 2","pages":"515-547"},"PeriodicalIF":1.3,"publicationDate":"2025-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/caje.70008","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144091474","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
What explains public support for Canada's supply management regime? 如何解释公众对加拿大供应管理制度的支持?
IF 1.3 4区 经济学
Canadian Journal of Economics-Revue Canadienne D Economique Pub Date : 2025-05-06 DOI: 10.1111/caje.70009
Ryan Cardwell, Chad Lawley
{"title":"What explains public support for Canada's supply management regime?","authors":"Ryan Cardwell,&nbsp;Chad Lawley","doi":"10.1111/caje.70009","DOIUrl":"https://doi.org/10.1111/caje.70009","url":null,"abstract":"<p>We investigate elasticity of policy preferences to information about the economic effects of policy tools. We survey approximately 5,000 people and ask a referendum question about liberalizing supply management in Canada. Supply management regulates production and marketing of dairy and poultry products in Canada through production restrictions, regulated pricing, and import barriers. Support varies widely across political-party affiliation, and across individuals with different views on redistributive fiscal policies, international trade liberalization, and perceptions of how supply management affects food prices. We estimate causal effects of information about personal costs and distributional effects of supply management on support for the policy in a randomized experiment. Treated participants receive personalized information about how supply management affects household grocery costs, and information about the policy's distributional effects. Policy support is responsive to information treatments, but these effects are small relative to differences in support across individuals' views on economic issues such as international trade and fiscal redistribution policies. We find little evidence of heterogenous treatment effects across respondent characteristics, suggesting the effects of our information treatments are not tied to views about political and economic issues.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"58 2","pages":"580-608"},"PeriodicalIF":1.3,"publicationDate":"2025-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/caje.70009","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144091473","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Global emissions, regulatory competition and excess entry 全球排放、监管竞争和过度进入
IF 1.3 4区 经济学
Canadian Journal of Economics-Revue Canadienne D Economique Pub Date : 2025-05-05 DOI: 10.1111/caje.70006
Hikaru Ogawa, Wenming Wang
{"title":"Global emissions, regulatory competition and excess entry","authors":"Hikaru Ogawa,&nbsp;Wenming Wang","doi":"10.1111/caje.70006","DOIUrl":"https://doi.org/10.1111/caje.70006","url":null,"abstract":"<p>This study presents a model that relates the efficiency of environmental regulatory competition to excess entry by firms. The two key results are as follows. First, when emissions remain localized, stringent environmental regulation leads to insufficient firm entry owing to negative external effects on the damage caused by emissions in other countries. Second, if emissions spill over globally, akin to CO<span></span><math>\u0000 <mrow>\u0000 <msub>\u0000 <mrow>\u0000 <mo> </mo>\u0000 </mrow>\u0000 <mrow>\u0000 <mn>2</mn>\u0000 </mrow>\u0000 </msub>\u0000 </mrow></math> causing global warming, the impact of emissions on welfare will be uniform across countries. In this case, the positive and negative external effects of tightening regulation cancel each other out, yielding the second-best levels of regulation and firm entry.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"58 2","pages":"771-802"},"PeriodicalIF":1.3,"publicationDate":"2025-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144091334","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Import competition and firm-level CO   2 emissions: Evidence from the German manufacturing industry 进口竞争与企业二氧化碳排放:来自德国制造业的证据
IF 1.3 4区 经济学
Canadian Journal of Economics-Revue Canadienne D Economique Pub Date : 2025-05-01 DOI: 10.1111/caje.70003
Jakob Lehr
{"title":"Import competition and firm-level CO\u0000 \u0000 \u0000 \u0000  \u0000 \u0000 \u0000 2\u0000 \u0000 \u0000 emissions: Evidence from the German manufacturing industry","authors":"Jakob Lehr","doi":"10.1111/caje.70003","DOIUrl":"https://doi.org/10.1111/caje.70003","url":null,"abstract":"<p>Using the German census of the manufacturing industry, I analyze the impact of import competition on carbon emissions per unit of deflated sales (emission intensity). I combine precise information on firm-level CO<span></span><math>\u0000 <mrow>\u0000 <msub>\u0000 <mrow>\u0000 <mo> </mo>\u0000 </mrow>\u0000 <mrow>\u0000 <mn>2</mn>\u0000 </mrow>\u0000 </msub>\u0000 </mrow></math> emissions with sector-level trade flows. Looking at the period 1995 until 2017, I focus on the impact of the rise of Eastern Europe and China while addressing the endogeneity of trade flows with an instrumental variable approach. The baseline results suggest that a 1 pp increase in the import penetration ratio caused a reduction of the average firm's emission intensity by approximately 0.3%. This result implies that the rise of the joint East between 1995 and 2017 kept the average firm's emission intensity 6% below the level it would have had in the absence of the East's rise. I do not find strong indication for reallocation of production towards more efficient firms. Finally, I supplement the analysis by examining the effect of export opportunities due to the East's rise. The results indicate that exporting to the East increased sales and emissions, with a small, if any, negative effect on emission intensities.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"58 2","pages":"747-770"},"PeriodicalIF":1.3,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/caje.70003","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144091325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Introduction to the symposium on the economics of genetic testing and personalized medicine 基因检测和个体化医疗经济学研讨会简介
IF 1.3 4区 经济学
Canadian Journal of Economics-Revue Canadienne D Economique Pub Date : 2025-04-28 DOI: 10.1111/caje.70005
Philippe De Donder
{"title":"Introduction to the symposium on the economics of genetic testing and personalized medicine","authors":"Philippe De Donder","doi":"10.1111/caje.70005","DOIUrl":"https://doi.org/10.1111/caje.70005","url":null,"abstract":"","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"58 2","pages":"414-417"},"PeriodicalIF":1.3,"publicationDate":"2025-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144091800","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
On the trade effects of GATT/WTO membership: They are positive and large after all 关于加入关贸总协定/世贸组织对贸易的影响:毕竟是积极而巨大的
IF 1.3 4区 经济学
Canadian Journal of Economics-Revue Canadienne D Economique Pub Date : 2025-02-23 DOI: 10.1111/caje.12755
Mario Larch, José-Antonio Monteiro, Roberta Piermartini, Yoto V. Yotov
{"title":"On the trade effects of GATT/WTO membership: They are positive and large after all","authors":"Mario Larch,&nbsp;José-Antonio Monteiro,&nbsp;Roberta Piermartini,&nbsp;Yoto V. Yotov","doi":"10.1111/caje.12755","DOIUrl":"https://doi.org/10.1111/caje.12755","url":null,"abstract":"<p>The existing empirical literature on impact of GATT/WTO membership on international trade is mixed. This paper contributes to solving the puzzle of “the missing GATT/WTO effects” by adhering closely to the theoretical foundations of the gravity model of trade. Capitalizing on the latest developments in the empirical trade literature and building a new and large data set covering 186 countries over the period 1980–2016, we estimate a theory-consistent gravity equation, which includes intra-national in addition to international trade flows. We find that joining GATT/WTO increased partial equilibrium trade between members by 140%. Our methods also deliver novel estimates of the impact of GATT/WTO on trade between members and non-member countries, indicating an increase of 72%.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"58 1","pages":"281-328"},"PeriodicalIF":1.3,"publicationDate":"2025-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143475559","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Impact of income position information on perceived tax burden and preference for redistribution: An online survey 收入地位信息对感知税负和再分配偏好的影响:一项在线调查
IF 1.3 4区 经济学
Canadian Journal of Economics-Revue Canadienne D Economique Pub Date : 2025-02-20 DOI: 10.1111/caje.70001
Eiji Yamamura
{"title":"Impact of income position information on perceived tax burden and preference for redistribution: An online survey","authors":"Eiji Yamamura","doi":"10.1111/caje.70001","DOIUrl":"https://doi.org/10.1111/caje.70001","url":null,"abstract":"<p>Many experimental studies have assessed the relationship between the provision of information on relative income and redistribution preferences. However, the influence of information on perceived tax burden, which is considered a subjective cost of redistribution, has not been examined. This study investigates how individuals' relative income positions influence their income redistribution preferences and individual perceptions of the income tax burden. This study was conducted using a customized online survey. First, I asked respondents about their perceived income position in their country, redistribution preference and perceived tax burden. In the follow-up survey, I provided the treatment group with information on their true income positions based on the same questions as in the first survey. However, for the control group, I did not disclose their true income positions but asked them the same questions. The key findings suggest that, after learning their real income positions: (i) individuals who overestimated their income positions perceived their tax burden as higher, (ii) individuals' redistribution preferences had hardly changed and (iii) reciprocal individuals (who accounted for the largest proportion) perceived their tax burden as lower and were less likely to prefer redistribution.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"58 2","pages":"609-641"},"PeriodicalIF":1.3,"publicationDate":"2025-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/caje.70001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144091939","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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