HIER 2005 Discussion Papers

2056. Robert M. Anderson, Glenn Ellison, and Drew Fudenberg
Location Choice in Two-Sided Markets with Indivisible Agents
Abstract | Paper­

2057. N. Gregory Mankiw and Matthew Weinzierl
Dynamic Scoring: A Back-of-the-Envelope Guide
Abstract | Paper

2058. George-Marios Angeletos and Laurent-Emmanuel Calvet
Incomplete Market Dynamics in a Neoclassical Production Economy
Abstract | Paper

2059. Ulrich Doraszelski and Kenneth L. Judd
Avoiding ther Curse of Dimensionality in Dynamic Stochastic Games
Abstract | Paper

2060. David Cutler and Edward Glaeser
What Explains Differences in Smoking, Drinking and Other Health-Related Behaviors?
Abstract | Paper

2061. Edward L. Glaeser, Joseph Gyourko and Raven E. Saks
Why Have Housing Prices Gone Up?
Abstract | Paper

2062. Edward L. Glaeser, Joseph Gyourko and Raven E. Saks
Urban Growth and Housing Supply
Abstract | Paper

2063. Marianne Bertrand and Sendhil Mullainathan
Profitable Investments or Dissipated Cash? Evidence on the Investment-Cash Flow Relationship From Oil and Gas Lease Bidding
Abstract | Paper

2064. Eddie Dekel, Drew Fudenberg and Stephen Morris
Interim Rationalizability
Abstract | Paper

2065. Philippe Aghion, Alberto Alesina and Francesco Trebbi
Choosing Electoral Rules: Theory and Evidence from US Cities
Abstract | Paper

2066. Pol Antras
Incomplete Contracts and the Product Cycle
Abstract | Paper

2067. Pol Antras, Luis Garicano and Esteban Rossi-Hansberg
Offshoring in a Knowledge Economy
Abstract | Paper

2068. Alberto Alesina, Edward Glaeser and Bruce Sacerdote
Work and Leisure in the U.S. and Europe: Why so Different?
Abstract | Paper

2069. Nicola Fuchs-Schundeln and Matthias Schundeln
Precautionary Savings and Self-Selection - Evidence from the German Reunification "Experiment"
Abstract | Paper

2070. Alberto Alesina and George-Marios Angeletos
Corruption, Inequality and Fairness
Abstract | Paper

2071. David M. Cutler, Edward L. Glaeser and Jacob L. Vigdor
Is the Melting Pot Still Hot? Explaining the Resurgence of Immigrant Segregation
Abstract | Paper

2072.Chris Feige and Jeffrey A. Miron
The Opium Wars, Opium Legalization, and Opium Consumption in China
Abstract | Paper

2073. Edward L. Glaeser
Urban Colossus: Why is New York America's Largest City?
Abstract | Paper

2074. Daron Acemoglu, Pol Antras and Elhanan Helpman
Contracts and the Division of Labor
Abstract | Paper

2075. Gene M. Grossman and Elhanan Helpman
Party Discipline and Pork-Barrel Politics
Abstract | Paper

2076. Alberto Alesina and Nicola Fuchs-Schundeln
Good bye Lenin (or not?): The effect of Communism on people's preferences
Abstract | Paper

2077.Harrison Hong, Jeffrey D. Kubik and Jeremy C. Stein
The Only Game in Town: Stock-Price Consequences of Local Bias
Abstract | Paper

2078. Edward L. Glaeser
Inequality
Abstract | Paper

2079. Alberto Alesina and Guido Tabellini
Why do Politicians Delegate?
Abstract | Paper

2080. John Y. Campbell, Tarun Ramadorai and Tuomo O. Vuolteenaho
Caught On Tape: Institutional Order Flow and Stock Returns
Abstract | Paper

2081. John Y. Campbell, Jens Hilscher and Jan Szilagyi
In Search of Distress Risk
Abstract | Paper

2082. John Y. Campbell, Christopher Polk and Tuomo Vuolteenaho
Growth or Glamour? Fundamentals and Systematic Risk in Stock Returns
Abstract | Paper

2083. John Y. Campbell and Joao F. Cocco
How Do House Prices Affect Consumption? Evidence From Micro Data
Abstract | Paper

2084. John Y. Campbell and Samuel B. Thompson
Predicting the Equity Premium Out of Sample: Can Anything Beat the Historical Average?
Abstract | Paper

2085.Rustam Ibragimov
On Efficiency of Linear Estimators Under Heavy-Tailedness
Abstract | Paper

2086. Rustam Ibragimov
Portfolio Diversification and Value at Risk Under Thick-Tailedness
Abstract | Paper

2087. Rustam Ibragimov
Demand-Driven Innovation and Spatial Competition Over Time Under Heavy-Tailed Signals
Abstract | Paper

2088. Rustam Ibragimov
Optimal Bundling Strategies For Complements And Substitutes With Heavy-Tailed Valuations
Abstract | Paper

2089. Philippe Aghion, Mathias Dewatripont and Jeremy C. Stein
Academic Freedom, Private-Sector Focus, and the Process of Innovation
Abstract | Paper

2090. Alberto Alesina and Guido Tabellini
Why is fiscal policy often procyclical?
Abstract | Paper

2091. Christopher R. Berry and Edward L. Glaeser
The Divergence of Human Capital Levels across Cities
Abstract | Paper

2092. Rustam Ibragimov
A Tale of Two Tails: Peakedness Properties in Inheritance Models of Evolutionary Theory
Abstract | Paper

2093. Eddie Dekel, Drew Fudenberg and Stephen Morris
Topologies on Types
Abstract | Paper

2094. Rustam Ibragimov
Copula-Based Dependence Characterizations and Modeling for Time Series
Abstract | Paper

2095. David H. Autor, Lawrence F. Katz and Melissa S. Kearney
Trends in U.S. Wage Inequality: Re-Assessing the Revisionists
Abstract | Paper

2096. David H. Autor, Lawrence F. Katz and Melissa S. Kearney
Rising Wage Inequality: The Role of Composition and Prices
Abstract | Paper

2097. Edward L. Glaeser
Paternalism and Psychology
Abstract | Paper

2098. Minyuan Zhao, Kathy Fogel, Randall Morck and Bernard Yeung
Trade Liberalization and Institutional Change
Abstract | Paper