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Equity-efficiency tradeoffs in international bargaining 国际谈判中的公平-效率权衡
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2024-01-01 DOI: 10.1111/ecin.13201
Adib Bagh, Josh Ederington
{"title":"Equity-efficiency tradeoffs in international bargaining","authors":"Adib Bagh,&nbsp;Josh Ederington","doi":"10.1111/ecin.13201","DOIUrl":"10.1111/ecin.13201","url":null,"abstract":"<p>This paper analyzes the welfare impact of expanding the negotiation agenda of an international agreement between asymmetric countries (e.g., including specific negotiations over environmental regulations or labor standards in a conventional trade agreement) and demonstrates why such proposed expansions are contentious. A main result is that agenda expansions that provide more bargaining flexibility will increase the efficiency of the agreement but can result in a less equitable agreement that hurts the country that is at a bargaining disadvantage. Similarly, we demonstrate that decreases in bargaining game asymmetry can also make the disadvantaged country worse-off even as it increases global welfare.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13201","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139077130","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
The effect of observing multiple private information outcomes on the inclination to cheat 观察多种私人信息结果对作弊倾向的影响
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-12-26 DOI: 10.1111/ecin.13197
Sandro Casal, Antonio Filippin
{"title":"The effect of observing multiple private information outcomes on the inclination to cheat","authors":"Sandro Casal,&nbsp;Antonio Filippin","doi":"10.1111/ecin.13197","DOIUrl":"10.1111/ecin.13197","url":null,"abstract":"<p>We investigate how the inclination to cheat changes when agents report the result of multiple realizations of a (private information) stochastic event rather than a single outcome. Multiple realizations render extreme outcomes unlikely, facilitating the identification of opportunistic behaviors and exposing to reputation concerns the individuals who report them. Consequently, multiple realizations lead to a significant reduction of cheating by large amounts. Simultaneously multiple realizations also diminish the intrinsic cost of lying, thereby inducing a widespread inclination to adjust upward the observed outcome in a plausible manner. The overall effect is only a marginal decrease in the degree of cheating.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13197","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139055009","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
Do markets Trump politics? Fossil and renewable market reactions to major political events 市场会战胜政治吗？化石燃料和可再生能源市场对重大政治事件的反应
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-12-08 DOI: 10.1111/ecin.13195
Samson Mukanjari, Thomas Sterner
{"title":"Do markets Trump politics? Fossil and renewable market reactions to major political events","authors":"Samson Mukanjari,&nbsp;Thomas Sterner","doi":"10.1111/ecin.13195","DOIUrl":"10.1111/ecin.13195","url":null,"abstract":"<p>We investigate the effects of three events with major importance for climate policy on energy sector stocks: the Paris Agreement, the Trump election and presidency, and the Biden election. By combining event studies with impulse-indicator saturation methods, we show that the Paris Agreement and the election of Mr. Biden benefited renewable industries, while the election of Mr. Trump had negative effects. For fossil fuel industries, the effects were largely the opposite. Despite Trump's efforts to eliminate environmental regulations, his presidency did however witness a decrease in both US coal production and consumption, while natural gas and oil consumption increased.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13195","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138568312","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
Gender stereotypes and hiding low performance 性别陈规定型观念和隐藏低绩效
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-12-03 DOI: 10.1111/ecin.13196
Shuya He, Charles N. Noussair
{"title":"Gender stereotypes and hiding low performance","authors":"Shuya He,&nbsp;Charles N. Noussair","doi":"10.1111/ecin.13196","DOIUrl":"10.1111/ecin.13196","url":null,"abstract":"<p>Do men incur a psychological cost when they are outperformed by a woman competitor? We conduct a laboratory experiment that allows us to measure this cost. The experiment is conducted in both the US and China. In our Chinese sample, men are willing to pay more to hide the fact that they have performed worse than another individual than women are, while there is no gender difference in the US. In China, women are willing to pay more to hide poor performance when losing to another woman than to a man, while in the US, the opposite pattern is observed.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138605414","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
“Long GFC”? The global financial crisis, health care, and COVID-19 deaths “长GFC”?全球金融危机、医疗保健和COVID-19死亡人数
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-12-02 DOI: 10.1111/ecin.13194
Antonio Moreno, Steven Ongena, Alexia Ventula Veghazy, Alexander F. Wagner
{"title":"“Long GFC”? The global financial crisis, health care, and COVID-19 deaths","authors":"Antonio Moreno,&nbsp;Steven Ongena,&nbsp;Alexia Ventula Veghazy,&nbsp;Alexander F. Wagner","doi":"10.1111/ecin.13194","DOIUrl":"10.1111/ecin.13194","url":null,"abstract":"<p>Do financial crises affect long-term public health? To answer this question, we examined the relationship between the 2007–2009 Global Financial Crisis (GFC) and the 2020–2022 COVID-19 pandemic. Specifically, we examined the relationship between the financial losses derived from the GFC, and the health outcomes associated with the first wave of the pandemic. European countries that were more affected by the financial crisis had more deaths relative to coronavirus cases. An analogous relationship emerged across Spanish provinces and US states. Part of the transmission from finances to health outcomes appears to have occurred through cross-sectional differences in health care facilities.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138517254","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
Designing school choice mechanisms: A structural model and demand estimation 择校机制设计:结构模型与需求估计
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-12-01 DOI: 10.1111/ecin.13193
Zhiyi Xu, Robert G. Hammond
{"title":"Designing school choice mechanisms: A structural model and demand estimation","authors":"Zhiyi Xu,&nbsp;Robert G. Hammond","doi":"10.1111/ecin.13193","DOIUrl":"10.1111/ecin.13193","url":null,"abstract":"<p>Designing the markets that allocate public school seats is a crucial policy consideration. This paper compares the design of school choice mechanisms in terms of economic efficiency, stability, and strategic behavior. We estimate demand for schools using data from a large US public school system with novel indicators of students' levels of strategic sophistication. We find important benefits of reserving a set of seats to be assigned by a pure lottery. In settings that share features in common with the school system we study, our findings suggest that non-selective criteria such as lotteries induce a large increase in truth-telling.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138496910","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
Outcomes or participation? Experimentally testing competing sources of legitimacy for taxation 结果还是参与?实验性地测试税收合法性的竞争来源
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-11-23 DOI: 10.1111/ecin.13188
Christoph Engel, Luigi Mittone, Azzurra Morreale
{"title":"Outcomes or participation? Experimentally testing competing sources of legitimacy for taxation","authors":"Christoph Engel,&nbsp;Luigi Mittone,&nbsp;Azzurra Morreale","doi":"10.1111/ecin.13188","DOIUrl":"10.1111/ecin.13188","url":null,"abstract":"<p>Legitimacy may result from support for projects that a government implements. However, legitimacy may also result from the opportunity to participate in the selection process of projects. We tested the strength of these competing sources of legitimacy experimentally and their relationship. We find a straightforward effect of the former: the more projects a participant supports, the higher their taxes. Participants are also willing to pay for participation; if they have had a say, they pay higher taxes. Yet, most of this effect is actually instrumental: participants want participation to ensure that their taxes are used for purposes they deem acceptable.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13188","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138496911","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
The age-wage-productivity puzzle: Evidence from the careers of top earners 年龄-工资-生产率之谜:来自高收入者职业生涯的证据
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-11-22 DOI: 10.1111/ecin.13191
Rachel Scarfe, Carl Singleton, Adesola Sunmoni, Paul Telemo
{"title":"The age-wage-productivity puzzle: Evidence from the careers of top earners","authors":"Rachel Scarfe,&nbsp;Carl Singleton,&nbsp;Adesola Sunmoni,&nbsp;Paul Telemo","doi":"10.1111/ecin.13191","DOIUrl":"10.1111/ecin.13191","url":null,"abstract":"<p>There is an inverted u-shaped relationship between age and wages in most labor markets, but the effects of age on productivity are often unclear. We use panel data in a market of high earners, professional footballers (soccer players) in North America, to estimate age-productivity and age-wage profiles. We find stark differences; wages increase for several years after productivity has peaked, before dropping sharply at the end of a career. This poses the question: why are middle-aged workers seemingly overpaid? We investigate a range of possible mechanisms that could be responsible, only finding evidence that tentatively supports a talent discovery theory.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13191","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138517235","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
The increasing penalty to occupation-education mismatch 职业教育不匹配的惩罚日益加重
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-11-20 DOI: 10.1111/ecin.13192
Hugh Cassidy, Amanda Gaulke
{"title":"The increasing penalty to occupation-education mismatch","authors":"Hugh Cassidy,&nbsp;Amanda Gaulke","doi":"10.1111/ecin.13192","DOIUrl":"10.1111/ecin.13192","url":null,"abstract":"<p>College-educated workers in jobs unrelated to their degree generally receive lower wages compared to well-matched workers. Our analysis of data from the National Survey of College Graduates shows that although the rate of this mismatch declined only slightly (18%–17%), the wage penalty increased by 56% between 1993 and 2019. Changes in the composition of field of study over time, as well as declining returns to “excess” education above what is required for the occupation both help to explain the increasing penalty, especially for women. Mismatch has become more closely associated with lower-return occupations for men but not women.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138496909","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
Pandemic containment and inequality in a developing economy 流行病控制和发展中经济体中的不平等
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-11-15 DOI: 10.1111/ecin.13190
Kunal Dasgupta, Srinivasan Murali
{"title":"Pandemic containment and inequality in a developing economy","authors":"Kunal Dasgupta,&nbsp;Srinivasan Murali","doi":"10.1111/ecin.13190","DOIUrl":"10.1111/ecin.13190","url":null,"abstract":"<p>Using individual-level panel data from India, we show that income inequality between high-skilled and low-skilled workers increased following COVID-19 lockdown. Integrating a susceptible, infected, recovered, dead epidemiological model into a general equilibrium framework with high-skilled and low-skilled workers, working either from their offices (onsite) or from their homes (remote), we can explain between 24 and 59 percent of the observed increase in inequality. We also find that disease incidence is higher among low-skilled workers as they choose to work more onsite compared to their high-skilled counterparts. Direct transfers for low-skilled workers reverses this increase in inequality and improves the effectiveness of containment policies.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138496908","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
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