Published articles in English 2020

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Organization Science

The Impact of Overconfidence and Ambiguity Attitude on Market Entry

Cédric Gutierrez, Thomas Åstebro and Tomasz Obloj

We study the behavioral drivers of market entry. An experiment allows us to disentangle the impact on entry across different types of markets of two key behavioral mechanisms: overconfidence and attitude toward ambiguity. We theorize and show that the causal effect…


Applied Economics

Social Assistance and Mental Health: Evidence from Longitudinal Administrative Data on Pharmaceutical Consumption

Margareta Dackehag, Lina Maria Ellegård, Ulf Gerdtham and Therese Nilsson

This paper adds to the small literature on the role of welfare benefits and mental health by studying the relationship between uptake of Social Assistance Benefit (SAB) and objective mental health measures. We use rich longitudinal administrative data on income,…


Economics Letters

Digitization-Based Automation and Occupational Dynamics

Malin Gardberg, Fredrik Heyman, Pehr-Johan Norbäck and Lars Persson

We examine the relationship between occupational automation probabilities and employment dynamics over nearly two decades. We show that employment and wage shares of occupations with a higher automation risk have declined in Sweden over the period 1996-2013. This has…


Scandinavian Journal of Economics

Risking Other People’s Money: Experimental Evidence on the Role of Incentives and Personality Traits

Ola Andersson, Håkan J. Holm, Jean-Robert Tyran and Erik Wengström

Decision‐makers often face incentives to increase risk‐taking on behalf of others (e.g., they are offered bonus contracts and contracts based on relative performance). We conduct an experimental study of risk‐taking on behalf of others using a large heterogeneous…


JAMA Network Open

Association Between Lottery Prize Size and Self-reported Health Habits in Swedish Lottery Players

Robert Östling, David Cesarini and Erik Lindqvist

In this study of Swedish lottery players, unearned wealth from random lottery prize winnings was not associated with subsequent healthy lifestyle factors or overall health. The findings suggest that large, random transfers of unearned wealth are unlikely to be…


Journal of Finance

What Is a Patent Worth? Evidence from the U.S. Patent 'Lottery'

Joan Farre-Mensa, Deepak Hede and Alexander Ljungqvist

We provide evidence on the value of patents to startups by leveraging the quasi‐random assignment of applications to examiners with different propensities to grant patents. Using unique data on all first‐time applications filed at the U.S. Patent Office since 2001,…


Journal of Conflict Resolution

When Does Terror Induce a State of Emergency? And What Are the Effects?

Christian Bjørnskov and Stefan Voigt

The relationship between terrorist activities and states of emergency has never been explored in a cross-country perspective. This article is a first step to change that. Given that a terror act has been committed, what are the factors that lead governments to…


Financial Management

The Investment Behavior of Buyout Funds: Theory and Evidence

Alexander Ljungqvist, Matthew Richardson and Daniel Wolfenzon

We analyze the determinants of buyout funds’ investment decisions. We argue that when there is imperfect competition for private equity funds, the timing of funds’ investment decisions, their risk‐taking behavior, and their subsequent returns depend on…


North American Journal of Economics and Finance

Should We Worry about the Decline of the Public Corporation? A Brief Survey of the Economics and External Effects of the Stock Market

Nikita Koptyug, Lars Persson and Joacim Tåg

In recent years, the number of listed companies has been declining in many countries across the world. This paper provides a selective survey of the literature on the real economic effects of the stock market to assess the potential effects of this decline and…


Energy Journal

Effects of Privatization on Price and Labor Efficiency: The Swedish Electricity Distribution Sector

Erik Lundin

I examine the effects of privatization, in the form of acquisitions, in the Swedish electricity distribution sector. As the majority of the distribution networks have remained publicly owned, I use a synthetic control method to identify the effects on price and labor…


Economics & Politics

Can Social Spending Cushion the Inequality Effect of Globalization?

Andreas Bergh, Irina Mirkina and Therese Nilsson

This paper examines whether social spending cushions the effect of globalization on within‐country inequality. Using information on disposable and market income inequality and data on overall social spending, and health and education spending from the ILO and the…


Paul Samuelson: Master of Modern Economics

Samuelson's Approach to Revealed Preference Theory: Some Recent Advances

Thomas Demuynck and Per Hjertstrand

Since Paul Samuelson introduced the theory of revealed preference, it has become one of the most important concepts in economics. This chapter surveys some recent contributions in the revealed preference literature. We depart from Afriat's theorem, which provides…


Journal of Financial Intermediation

Credit Ratings and Structured Finance

Jens Josephson and Joel Shapiro

The poor performance of credit ratings of structured finance products in the financial crisis has prompted investigation into the role of credit rating agencies (CRAs) in designing and marketing these products. We analyze a two-period reputation model in which a CRA…


Review of Economics of the Household

Self-Employed Immigrants and their Employees: Evidence from Swedish Employer-Employee Data

Mats Hammarstedt and Chizheng Miao

We present a study of the employees of self-employed immigrants with unincorporated firms in Sweden using matched employer-employee data from 2014. Non-European immigrants are more likely than natives to have employees in their firms. Furthermore, immigrants,…


The European Union and the Return of the Nation State

The Refugee Crisis and the Reinvigoration of the Nation-State: Does the European Union Have a Common Asylum Policy?

Magnus Henrekson, Özge Öner and Tino Sanandaji

This chapter discusses the European Union’s refugee policy. It shows that the common treaties leave considerable discretion to the individual member countries, which allows them to regulate refugee migration while still upholding international treaties. Member…


The European Union and the Return of the Nation State

The EU, the Nation State, and the Perennial Challenge to European Integration

Antonina Bakardjieva Engelbrekt, Karin Leijon, Anna Michalski and Lars Oxelheim

This introductory chapter sheds new light on the increasingly complex relationship between the European Union and the nation-state—in its capacity as EU member state—at a time when its fundamental values are being called into question by prominent…


Economics Letters

Compete with Others? No, Thanks. With Myself? Yes, Please!

Coren Apicella, Elif Demiral and Johanna Möllerström

We study the willingness to compete against self and others in an experiment with over 650 participants, using a modified version of the Niederle and Vesterlund (2007) design. We show that introducing a possibility to self-compete, in addition to the standard…


Journal of Economic Behavior & Organization

Corruption, Judicial Accountability and Inequality: Unfair Procedures May Benefit the Worst-Off

Niclas Berggren and Christian Bjørnskov

We ask whether, as many seem to think, corruption worsens, and judicial accountability improves, inequality, and investigate this empirically using data from 145 countries 1960–2014. We relate perceived corruption and de facto judicial accountability to…


Journal of Institutional Economics

Hayekian Welfare States: Explaining the Coexistence of Economic Freedom and Big Government

Andreas Bergh

To explain the coexistence of economic freedom and big government, this paper distinguishes between big government in the fiscal sense of requiring high taxes, and big government in the Hayekian sense of requiring knowledge that is difficult to acquire from a central…


International Journal of Industrial Organization

Cournot Competition in Wholesale Electricity Markets: The Nordic Power Exchange, Nord Pool

Erik Lundin and Thomas Tangerås

Horizontal shifts in bid curves observed in wholesale electricity markets are consistent with Cournot competition. Quantity competition reduces the informational requirements associated with evaluating market performance because the price-cost margins of all…


Review of Financial Studies

Career Risk and Market Discipline in Asset Management

Andrew Ellul, Marco Pagano and Annalisa Scognamiglio

We establish that the labor market helps discipline asset managers via the impact of fund liquidations on their careers. Using hand-collected data on 1,948 professionals, we find that top managers working for funds liquidated after persistently poor relative…


Journal of Economic Theory

Social Norms in Networks

Philip Ushchev and Yves Zenou

Although the linear-in-means model is the workhorse model in empirical work on peer effects, its theoretical properties are understudied. In this study, we develop a social-norm model that provides a microfoundation of the linear-in-means model and investigate its…


Political Science Research and Methods

Maps in People’s Heads: Assessing a New Measure of Context

Cara Wong, Jake Bowers, Daniel Rubenson, Mark Fredrickson and Ashlea Rundlett

To understand the relationship between place and politics, we must measure both political attitudes and the ways in which place is represented in the minds of individuals. In this paper, we assess a new measure of mental representation of geography, in which survey…


PLOS One

Wellbeing and Entrepreneurship: Using Establishment Size to Identify Treatment Effects and Transmission Mechanisms

Christian Bjørnskov and Nicolai Foss

Using data from the European Value Survey, covering more than 300,000 respondents in 32 countries between 2002 and 2012, we offer new insight into the consequences for subjective well-being of self-employment. We hypothesize that the positive link between…


Economic Inquiry

Grind or Gamble? An Experiment on Effort and Spread Seeking in Contests

Ola Andersson, Håkan J. Holm and Erik Wengström

We conduct a contest experiment to study if spread seeking and effort can be managed when participants can invest in increasing both the mean and the spread of an uncertain performance variable. Subjects are treated with different prize schemes and in accordance with…


Journal of Political Economy

Social Insurance and the Marriage Market

Petra Persson

Social insurance is often linked to marriage. Existing evidence suggests small marital responses to financial incentives and stems from settings where benefits are realized in the near future. I analyze how linking survivors insurance to marriage affects the marriage…


IZA World of Labor

How Labor Market Institutions Affect Job Creation and Productivity Growth – An Update

Magnus Henrekson

Economic growth requires factor reallocation across firms and continuous replacement of technologies. Labor market institutions influence economic dynamism by their impact on the supply of a key factor, skilled workers to new and expanding firms, and the shedding of…

Interdisciplinary European Studies

The European Union and the Return of the Nation State

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

About the book

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To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

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