Information Economics and Policy
Nicholas Economides och Joacim Tåg
In this comment we address a reply to our paper Economides and Tåg (2012) by Caves (2012). Based on data on content providers’ and ISPs’ profits in an oligopolistic market in the US, Caves attempts to draw conclusions on whether the parameter ranges…
B.E. Journal of Economic Analysis & Policy
Mikael Elinder, Oscar Erixson och Henry Ohlsson
The objective of this paper is to study when and how much labor and capital income of heirs respond to inheritances. We estimate fixed effects models following direct heirs, inheriting in 2004, during the years 2000–2008 using Swedish panel…
Proceedings of the National Academy of Sciences
Daniel J. Benjamin, David Cesarini, Matthijs J. H. M. van der Loos et al.
Preferences are fundamental building blocks in all models of economic and political behavior. We study a new sample of comprehensively genotyped subjects with data on economic and political preferences and educational attainment. We use dense single nucleotide…
Regional Science Policy and Practice
Yves Zenou
This paper consists in three parts. The first part deals with theory. We evaluate the pros and cons of government involvement in urban housing and of renting versus ownership. In the second part, we summarize the different housing policies that have been implemented…
Economics Letters
Tommy Andersson, Christer Andersson och Fredrik Andersson
This paper investigates hypotheses related to efficiency and price uniformity in online competing auctions based on two theoretical predictions from Peters and Severinov [Peters, M., Severinov, S., 2006. Internet auctions with many traders. Journal of Economic Theory…
Journal of Competition Law and Economics
Richard Friberg, Pehr-Johan Norbäck och Lars Persson
We present a model that warns against a mechanical comparison of pre- and postmerger prices. The starting point of the article is that both the seller and the buyer take into account how the acquisition price is affected by pre-merger investments. We derive…
Review of Economics and Statistics
Erik Lindqvist
This paper studies the relationship between height and leadership. Using data from a representative sample of Swedish men, I document that tall men are significantly more likely to attain managerial positions. An increase in height by 10 centimeters (3.94 inches) is…
Empirical Economics
Wolfgang Hess och Maria Persson
The recent literature on the duration of trade has predominantly analyzed the determinants of trade flow durations using Cox proportional hazards models. The purpose of this article is to show why it is inappropriate to analyze the duration of trade with…
Public Choice
Niclas Berggren och Mikael Elinder
We showed, in Berggren and Elinder (2012), that tolerance toward homosexuals is negatively and quite robustly related to economic growth. In a comment, Bornhoff and Lee (this issue) question this finding on model-specification grounds. By undertaking three changes,…
Regional Science and Urban Economics
Eleonora Patacchini och Yves Zenou
This paper explores the relationship between residential proximity of individuals from the same ethnic group and the probability of finding a job through social networks, relative to other search methods. Using individual-level data fromtheUK Labour Force survey and…
International Journal of Entrepreneurship and Small Business
Carl Magnus Bjuggren, Dan Johansson och Mikael Stenkula
Self-employment is the most frequently used measure of entrepreneurship. However, its definition varies between countries, which makes comparisons difficult. We present an analysis of Swedish self-employment data and show that even within one country, the depicted…
Review of Network Economics
Eleonora Patacchini och Yves Zenou
Using spatial data analysis techniques, we compare the spatial distribution of crime and the black population density across the London boroughs. We show that the higher is the density of the black population in a given borough, the higher is the crime rate. This…
Handbook of Research on International Strategic Management
Lars Oxelheim, Trond Randøy och Arthur Stonehill
American Journal of Political Science
Olle Folke och James M. Snyder
This article studies gubernatorial midterm slumps in U.S. state legislative elections. We employ a regression discontinuity design, which allows us to rule out the hypothesis that the midterm slump simply reflects a type of “reversion to the mean”…
Regional Science and Urban Economics
Jackline Wahba och Yves Zenou
The aim of this paper is to investigate whether return migrants are more likely to become entrepreneurs than non-migrants. We develop a theoretical search model that puts forward the trade off faced by returnees since overseas migration provides an opportunity for…
Economica
Mattias Ganslandt, Lars Persson och Helder Vasconcelos
Recent empirical evidence shows that cartels are often asymmetric, while cartel theory suggests that firm symmetry is conducive to collusion. Including an indivisible cost of cartelization, we show that medium asymmetric market structures are more conducive to…
Oxford Economic Papers
Pehr-Johan Norbäck och Lars Persson
We provide a model that explains the following empirical observations: (i) private ownership is more efficient than public ownership, (ii) privatizations are associated with increases in efficiency, and (iii) the increase in efficiency predates the privatization. The…
Review of Income and Wealth
Jesper Roine och Daniel Waldenström
Realized capital gains are typically disregarded in the study of income inequality. We show that in the case of Sweden this severely underestimates the actual increase in inequality and, in particular, top income shares during recent decades. Using micro panel data…
European Review of Economic History
Otto Gernandt, Thomas Palm och Daniel Waldenström
This paper analyzes the importance of liquidity in determining security returns for firms listed on the Stockholm Stock Exchange between 1901 and 1919. Using a new and detailed firm-level data set with matching stock price and balance sheet information, we construct…
Resource and Energy Economics
Erika Färnstrand Damsgaard
How should the world economy adapt to the increased demand for exhaustible resources fromcountries like Chinaand India? Toaddress that issue, this paper presents a dynamicmodel of the world economy with two technologies for production; a resource technology, which…
Explorations in Economic History
Gianfranco Di Vaio, Daniel Waldenström och Jacob Weisdorf
This study examines the determinants of citation success among authors who have recently published their work in economic history journals. Besides offering clues about how to improve one's scientific impact, our citation analysis also sheds light on the state of…
Canadian Journal of Economics
Oliver Bertrand, Katariina Nilsson Hakkala, Pehr-Johan Norbäck och Lars Persson
In R&D intensive industries, governments promote greenfield foreign investments, while being sceptical towards foreign acquisitions of domestic high-quality firms. We develop a theoretical model that shows that foreign acquisitions are conducive to high-quality…
Research Handbook of Executive Pay
Lars Oxelheim, Clas Wihlborg och Jianhua Zhang
Public Choice
Mikael Elinder
Cognitive dissonance theory predicts that the act of voting makes people more positive toward the party or candidate they have voted for. Following Mullainathan and Washington (Am. Econ. J. Appl. Econ. 1:86–111, 2009), I test this prediction by using exogenous…
Proceedings of the National Academy of Sciences of the USA, PNAS
Mikael Elinder och Oscar Erixson
Since the sinking of the Titanic, there has been a widespread belief that the social norm of “women and children first” (WCF) gives women a survival advantage over men in maritime disasters, and that captains and crew members give priority to passengers.…
Critical Review: A Journal of Politics and Society
Tino Sanandaji
David Brady argues that low European poverty rates are a result of the welfare state. His finding relies on a relative measure of poverty, according to which the threshold for being poor differs across countries. Using the American poverty threshold as a fixed…
Energy Economics
Thomas Tangerås
The capacity of the transmission network determines the extent of integration of a multi-national energy market. Cross-border externalities render coordination of network capacity valuable. Is it then optimal to collect regulatory powers in the hands of a single…
Public Choice
Niclas Berggren
As we celebrate the 50th anniversary of the publication of The Calculus of Consent (Buchanan and Tullock 1962; henceforth denoted CofC), I will dwell on some ways in which it relates to Sweden. At first, it may seem strange to connect a monumental work by two…
Review of Austrian Economics
Niclas Berggren
This study analyzes leading research in behavioral economics to see whether it contains advocacy of paternalism and whether it addresses the potential cognitive limitations and biases of the policymakers who are going to implement paternalist policies. The findings…
Economics of Innovation and New Technology
Roger Svensson
One of the major reasons why inventors are awarded patents by governments is they encourage R&D investments and commercialization of inventions. If the patent holder commercializes his/her invention, he/she has stronger incentives to retain the patent. The…
Management Science
David Cesarini, Magnus Johannesson, Patrik K. E. Magnusson och Björn Wallace
A number of recent papers have examined the environmental and genetic sources of individual differences in economic and financial decision making. Here we contribute to this burgeoning literature by extending it to a number of key behavioral anomalies that are…
RAND Journal of Economics
Maria Bigoni, Sven-Olof Fridolfsson, Chloé Le Coq och Giancarlo Spagnolo
This article reports results from an experiment studying how FINES, LENIENCY, and REWARDS for whistleblowers affect cartel formation and prices. Antitrust without LENIENCY reduces cartel formation but increases cartel prices: subjects use costly FINES as punishments.…
American Economic Review: Papers & Proceedings
Carl Davidson, Fredrik Heyman, Steven Matusz, Fredrik Sjöholm och Susan Chun Zhu
Income Shifting in Sweden: An Empirical Evaluation of the 3:12 Rules. Report to the Expert Group on Public Economics 2012:4
Karin Edmark och Roger Gordon
Economics: The Open-Access, Open-Assessment E-Journal
Maria Persson
The objective of the paper is to explore and give an overview of two central policy alternatives to improve the integration between the European Union and developing countries by removing barriers to trade: trade preferences and trade facilitation. The author reviews…
JCMS: Journal of Common Market Studies
Yves Bourdet och Maria Persson
In this article, it is pointed out that the European Union does not have a harmonized practice when it comes to trade procedures, implying that countries in the rest of the world face different trade barriers depending on which EU country they ship their goods to.…
Journal of Urban Economics
Maria Sáez-Martí och Yves Zenou
Workers can have good or bad work habits. These traits are transmitted from one generation to the next through a learning and imitation process, which depends on parents’ investment in the trait and the social environment where children live. If a sufficiently…
Information Economics and Policy
Nicholas Economides och Joacim Tåg
We discuss network neutrality regulation of the Internet in the context of a two-sided market model. Platforms sell broadband Internet access services to residential consumers and may set fees to content and application providers on the Internet. When access is…
Small Business Economics
Mikael Stenkula
Does tax policy affect the rate of selfemployment in a modern welfare state? This question is analyzed empirically based on Swedish data for the entire postwar period. Available tax data indicate that payroll taxes have had a negative influence on the unincorporated…
Review of Income and Wealth
Johanna Rickne
The gender gap in earnings is analyzed using data for 250,000 Chinese industrial firms in 2004. The skill-weighted gender wage is estimated to be 12 percent and stems entirely from the female wage disadvantage among employees with below college education.…
Journal of Public Economics
Che-Yuan Liang
This paper extends the nonparametric structural method to estimate labor supply developed by Blomquist and Newey (2002) to handle cases in which there are individuals who do not work. The method is then applied to married women in Sweden from 1973 to 1999. I find an…
Journal of Institutional Economics
Niclas Berggren, Andreas Bergh och Christian Bjørnskov
We study the effects of institutional instability on growth. Using principal components analysis, we construct measures of institutional quality and instability from the political risk index of the International Country Risk Guide. A panel-data analysis of 132…
Journal of Applied Finance
Lars Oxelheim och Clas Wihlborg
Although macroeconomic factors are part of several models for evaluation of credit risk, there is little effort to distinguish between effects of such factors and “intrinsic” factors on changes in credit risk. We argue that lenders, management, courts and…
The Oxford Handbook of Private Equity
Joacim Tåg
Journal of Political Economy
Matz Dahlberg, Karin Edmark och Heléne Lundqvist
This paper investigates the causal link between the ethnic diversity in a society and its inhabitants’ preferences for redistribution.We exploit exogenous variation in immigrant shares stemming from a nationwide program placing refugees in municipalities…
Institutional Entrepreneurship. The International Library of Entrepreneurship 24
Magnus Henrekson och Tino Sanandaji
European Economic Review
Pehr-Johan Norbäck och Lars Persson
We construct a mode lwhere an entrepreneur can innovate for entry or for sale. It is shown that increased product market competition tends to increase the relative profitability of innovation for sale. Increased competition not only reduces the profits of entrants…
Journal of Economic Behavior & Organization
Ola Andersson och Erik Wengström
It is well known that communication often serves as a facilitator for cooperation in static games. Yet, communication can serve entirely different purposes in dynamic settings as communication during the game may work as a means for renegotiation, potentially…
Journal of Public Economics
Anders Björklund, Jesper Roine och Daniel Waldenström
This paper presents new evidence on intergenerational mobility at the top of the income and earnings distributions. Using a large dataset of matched father-son pairs in Sweden, we find that intergenerational transmission is very strong at the top, more so for income…
Regional Science and Urban Economics
Yan Song och Yves Zenou
The presence of urban villages is a unique product of China's urbanization. In this article, we explore the effects of urban villages on the formal housing market. For this purpose, we develop a hedonic housing price model to investigate whether the proximity to…
Journal of Law, Economics, and Organization
Eleonora Patacchini och Yves Zenou
This article studies whether conformism behavior affects individual outcomes in crime. We present a social network model of peer effects with ex ante heterogeneous agents and show how conformism and deterrence affect criminal activities. We then bring the model to…
Corporate Governance: An International Review
Magnus Henrekson och Ulf Jakobsson
Research Question/Issue: In the finance literature theoretical arguments have largely predicted a world-wide convergence towards the Anglo-American model of corporate control. Still, there are few signs that this convergence is underway. This paper…
The Strategic CFO – Creating Value in a Dynamic Market Environment
Lars Oxelheim, Clas Wihlborg och Marcus Thorsheim
The Strategic CFO – Creating Value in a Dynamic Market Environment
Niclas Andrén, Håkan Jankensgård och Lars Oxelheim
Public Choice
Niclas Berggren och Mikael Elinder
We investigate how tolerance, as measured by attitudes toward different types of neighbors, affects economic growth in a sample of 54 countries. Unlike previous studies, by Richard Florida and others, we find that tolerance toward homosexuals is negatively related to…