Accepted Papers

Beyond Dividing the Pie: Multi-Issue Bargaining in the Laboratory

21 February 2023

Olivier Bochet, Manshu Khanna, and Simon Siegenthaler

We design a laboratory experiment to study bargaining behavior when negotiations involve multiple issues. Parties must discover both trading prices and agreement scopes, giving rise to unexplored information structures and bargaining strategies.

Liberty, Security, and Accountability: The Rise and Fall of Illiberal Democracies

21 February 2023

Gabriele Gratton and Barton E. Lee

We study a model of the rise and fall of illiberal democracies. Voters value both liberty and economic security. In times of crisis, voters may prefer to elect an illiberal government that, by violating constitutional constraints, offers greater economic security but less liberty.

Job Matching with Subsidy and Taxation

21 February 2023

Fuhito Kojima, Ning Sun, and Ning Neil Yu

In markets for indivisible resources such as workers and objects, subsidy and taxation for an agent may depend on the set of acquired resources and prices.

Are Executives in Short Supply? Evidence from Death Events

19 February 2023

Julien Sauvagnat and Fabiano Schivardi

Using exhaustive administrative data on Italian social security records, we construct measures of local labor market thickness for executives that vary by industry and location.

The Size and Life-cycle Growth of Plants: The Role of Productivity, Demand and Wedges

19 February 2023

Marcela Eslava, John Haltiwanger, and Nicolas Urdaneta

What determines the distribution of establishments in terms of size and life-cycle growth? How are those determinants related to aggregate productivity?

Salience and Taxation with Imperfect Competition

19 February 2023

Kory Kroft, Jean-William P. Laliberté, René Lael-Vizcaíno, and Matthew J. Notowidigdo

This paper studies commodity taxation in a model featuring heterogeneous consumers, imperfect competition, and tax salience. We derive new formulas for the incidence and marginal excess burden of commodity taxation highlighting interactions between tax salience and market structure.

Credit Access, Selection, and Incentives in a Market for Asset Collateralized Loans: Evidence from Kenya

16 February 2023

William Jack, Michael Kremer, Joost de Laat, and Tavneet Suri

We study the potential for asset collateralization to expand access to credit in rural Kenya. Increasing the share of a loan for a durable agricultural asset that is collateralized by the physical asset itself (from zero to 96%) while reducing the share backed by financial assets increases loan take-up considerably, with only a very limited impact on repayment behavior and the lender’s profitability.

Diagnostic Business Cycles

14 February 2023

Francesco Bianchi, Cosmin Ilut, and Hikaru Saijo

A large psychology literature argues that, due to selective memory recall, decision-makers’ forecasts of the future are overly influenced by the perceived news.

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New paper by Farina, Fréchette, Ispano, Lizzeri, and Perego

https://www.restud.com/the-selective-disclosure-of-evidence-an-experiment/

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Under Smooth Diagnostic Expectations overreaction increases smoothly with uncertainty, providing a micro-foundation for key properties of survey data and the business cycle.

New paper by @Francesco_Bia, @CosminIlut, and @hpfilter

https://www.restud.com/smooth-diagnostic-expectations/

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New paper by Kwak

https://www.restud.com/when-is-separate-sales-optimal/

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New paper by Kaila:

https://www.restud.com/how-do-people-react-to-income-based-fines-evidence-from-speeding-tickets-discontinuities/

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Beyond Dividing the Pie: Multi-Issue Bargaining in the Laboratory

Liberty, Security, and Accountability: The Rise and Fall of Illiberal Democracies

Job Matching with Subsidy and Taxation

Are Executives in Short Supply? Evidence from Death Events

The Size and Life-cycle Growth of Plants: The Role of Productivity, Demand and Wedges

Salience and Taxation with Imperfect Competition

Credit Access, Selection, and Incentives in a Market for Asset Collateralized Loans: Evidence from Kenya

Diagnostic Business Cycles

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