Journal of Economic Behavior & Organization最新文献

Public R&D, private R&D and growth: A Schumpeterian approach 公共研发、私人研发与增长：熊彼特的视角

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-06-24 DOI: 10.1016/j.jebo.2025.107087

Chien-Yu Huang , Ching-Chong Lai , Pietro F. Peretto

{"title":"Public R&D, private R&D and growth: A Schumpeterian approach","authors":"Chien-Yu Huang , Ching-Chong Lai , Pietro F. Peretto","doi":"10.1016/j.jebo.2025.107087","DOIUrl":"10.1016/j.jebo.2025.107087","url":null,"abstract":"<div><div>This paper introduces public R&D in a tractable Schumpeterian model to study analytically the dynamic effects of changes in public R&D on private R&D, market structure, growth and welfare. While public and private R&D can move in opposite directions in the short run, they move in the same direction in the long run. The tension between the personnel-interaction and knowledge-base effects on one side, and the crowding-out effect on the other, drive these dynamics. The three effects jointly determine firm-level private R&D behavior and thus economic growth in the short run. However, net entry-exit sterilizes the crowding-out effect in the long run, leaving only the first two effects. This difference between short- and long-run behavior rationalizes some of the empirical puzzles documented in the literature. To evaluate quantitatively these analytical insights, we calibrate the model to the USA and feed to it a halving of public R&D that mimics the massive reduction that took place from 1964 to 2021. The economy experiences a long transition characterized by falling productivity of labor in private R&D driven by the falling ratio of public to private knowledge. In the new steady state the growth rate of income per capita falls from 2% to 1.44%. Accounting for the whole transition, welfare falls by about 14%.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107087"},"PeriodicalIF":2.3,"publicationDate":"2025-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144366076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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 right to benefit: Using videos to encourage citizen involvement in resource revenue management 受益权：利用视频鼓励公民参与资源收益管理

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-06-24 DOI: 10.1016/j.jebo.2025.107065

Christa Brunnschweiler , Nanang Indra Kurniawan , Päivi Lujala , Primi Putri , Sabrina Scherzer , Indah Surya Wardhani

{"title":"The right to benefit: Using videos to encourage citizen involvement in resource revenue management","authors":"Christa Brunnschweiler , Nanang Indra Kurniawan , Päivi Lujala , Primi Putri , Sabrina Scherzer , Indah Surya Wardhani","doi":"10.1016/j.jebo.2025.107065","DOIUrl":"10.1016/j.jebo.2025.107065","url":null,"abstract":"<div><div>The governance of natural resource wealth is a key factor in promoting strong institutions and economic development in resource-rich countries. In this article, we explore how individuals’ engagement in local natural resource revenue (NRR) management can be enhanced and encouraged. We focus on Indonesia, which is a large gold and petroleum producer, among other natural resources, with local challenges such as underdevelopment of resource-rich areas and corruption. We run a randomized survey experiment among 807 local community members in an oil-rich district using videos with three information treatments that give citizens salient and easily understandable information on local NRR and additional motivation to use this information to engage in NRR management. Our outcomes include survey questions on stated behavior and citizen rights perceptions and two behavioral measures. We find that providing information increases respondents’ sense of the right to personally influence how NRR are used and the propensity to donate to an anti-corruption NGO. Our positive-example treatment strengthened respondents’ sense of their right to benefit from NRR and their right to influence NRR management, while our negative-example treatment had no impact on our outcomes. The mechanism analysis shows that the information and positive-example treatments act through changing the salience of the issue; the negative-example treatment instead increases grievance without affecting our outcomes. We find that individuals who are already concerned about the local impacts of the extractives sector are most responsive to our interventions. Providing the population of resource-rich areas with clear and locally relevant information on NRR management can change attitudes, but encouraging action for better NRR governance is more challenging.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107065"},"PeriodicalIF":2.3,"publicationDate":"2025-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144366075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Estimating Behavioral Inattention 估计行为注意力不集中

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-06-23 DOI: 10.1016/j.jebo.2025.107068

Jonathan Benchimol , Lahcen Bounader , Mario Dotta

{"title":"Estimating Behavioral Inattention","authors":"Jonathan Benchimol , Lahcen Bounader , Mario Dotta","doi":"10.1016/j.jebo.2025.107068","DOIUrl":"10.1016/j.jebo.2025.107068","url":null,"abstract":"<div><div>Bounded rationality and limited attention significantly influence expectation formation and macroeconomic dynamics, yet empirical quantification of these behavioral phenomena remains challenging. This paper provides the first cross-country estimation of both micro- and macro-level attention parameters using a structurally identified behavioral New Keynesian model. Employing Bayesian techniques on harmonized data from 22 OECD countries (1996–2019) and ensuring robust parameter identification, we document substantial heterogeneity in behavioral inattention across countries. Our cognitive discounting estimates range from 0.76 to 0.98, with higher values indicating greater attention. We establish three key empirical regularities: (1) attention parameters are positively associated with macroeconomic volatility, supporting rational inattention theory; (2) surprise movements in key macroeconomic variables and online information-seeking behavior significantly influence attention allocation; and (3) institutional quality, particularly government effectiveness, is correlated with attention levels. These findings reveal that attention is both a behavioral and a structural phenomenon, responding to institutional factors and economic conditions. Our results provide an empirical foundation for calibrating country-specific models and yield important implications for the design and transmission of monetary policy under bounded rationality, showing that policy effectiveness may systematically vary with the macroeconomic environment.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107068"},"PeriodicalIF":2.3,"publicationDate":"2025-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144366074","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Trade-off aversion and indecisive behaviours 取舍厌恶和优柔寡断行为

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-06-21 DOI: 10.1016/j.jebo.2025.107095

Edwin Ip, Stephen Nei

引用次数: 0

Gendered effects of labels on advanced course enrollment 标签对高级课程入学的性别影响

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-06-21 DOI: 10.1016/j.jebo.2025.107077

Paola Ugalde A.

引用次数: 0

Mental health and labour productivity 精神健康和劳动生产率

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-06-21 DOI: 10.1016/j.jebo.2025.107075

Nigel Rice , Jennifer Roberts , Cristina Sechel

引用次数: 0

Anticipated monitoring, inhibited detection, and diminished deterrence 预期监测，抑制检测，减少威慑

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-06-20 DOI: 10.1016/j.jebo.2025.107084

Matthew Philip Makofske

{"title":"Anticipated monitoring, inhibited detection, and diminished deterrence","authors":"Matthew Philip Makofske","doi":"10.1016/j.jebo.2025.107084","DOIUrl":"10.1016/j.jebo.2025.107084","url":null,"abstract":"<div><div>Monitoring programs—by creating expected costs to regulatory violations—promote compliance through general deterrence, and are essential for regulating firms with potentially hazardous products and imperfectly observable compliance. Yet, evidence on how monitoring deployment affects perceived detection probabilities and—by extension—compliance, is sparse. Beginning in May 2020, pandemic-related protocols in Maricopa County, Arizona, required routine health inspections to occur by video-conference at food establishments with vulnerable populations (e.g., hospitals and nursing homes). Unlike conventional on-site inspections—which continued at most food establishments—these “virtual” inspections were scheduled in advance, and thus, easily anticipated. The virtual format also likely inhibits observation of some violations, further reducing detection probability. Tracking five violations that are detected by tests in both inspection formats, I find evidence of substantial anticipation-enabled detection avoidance. Comparing against contemporaneous on-site inspections, virtual inspections detect 53% fewer of these specific violations relative to pre-treatment levels, and that decrease reverses entirely when treated establishments are subsequently inspected on-site. Detected counts of all violations decrease 39% in virtual inspections. Consistent with general deterrence, this decrease is <em>more</em> than offset in establishments’ first post-treatment on-site inspections, where detected counts exceed the pre-treatment average by 25%. Deterrence-effect heterogeneity suggests a simple dynamic policy could improve overall compliance with existing agency resources.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107084"},"PeriodicalIF":2.3,"publicationDate":"2025-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144330185","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Efficiently imprecise contracts: The role of conventionality 有效的不精确契约：传统的作用

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-06-19 DOI: 10.1016/j.jebo.2025.107099

Toru Suzuki

引用次数: 0

Product quality, institutional quality, and market globalization 产品质量、制度质量和市场全球化

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-06-18 DOI: 10.1016/j.jebo.2025.107089

Masatoshi Tsumagari

引用次数: 0

Macroprudential assessment framework and firms’ access to bank credit: Evidence from China 宏观审慎评估框架与企业获得银行信贷：来自中国的证据

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-06-17 DOI: 10.1016/j.jebo.2025.107111

Guanchun Liu , Hangjuan Liu , Jiaqi Wu , Linqing You

{"title":"Macroprudential assessment framework and firms’ access to bank credit: Evidence from China","authors":"Guanchun Liu , Hangjuan Liu , Jiaqi Wu , Linqing You","doi":"10.1016/j.jebo.2025.107111","DOIUrl":"10.1016/j.jebo.2025.107111","url":null,"abstract":"<div><div>This study investigates how macroprudential policies for managing systematic risk affect bank lending to the real sector. Taking China’s macroprudential assessment (MPA) framework in 2015 as a quasi-natural experiment, our difference-in-differences identification utilizes two-dimensional variations: firms’ reliance on bank financing (i.e., high versus low) and year (i.e., before and after 2015). We find that the MPA framework significantly reduces firms’ access to bank credit, and a one standard deviation increase in firms’ bank dependence lowers the amount of available bank credit by 23.9%. In particular, corporate debt maturity becomes shorter as a result of decreasing long-term debt relative to short-term debt and constrained firms experience a stronger negative credit effect than unconstrained firms, which is consistent with the credit supply theory. Moreover, the decreased bank credit is more pronounced when firms face higher risk, rely more on small banks, and are located in cities with greater growth pressure. In addition, firms experience production shrinkage and bank risk-taking declines. We argue that the MPA framework curbs credit growth while helping to maintain financial stability, providing valuable insights into the economic effects of macroprudential policies in a typical emerging market.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107111"},"PeriodicalIF":2.3,"publicationDate":"2025-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144297121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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