Working Papers
Working Paper No. 1342
Testing Axioms of Revealed Preference in Stata
The revealed preference approach in economics is central to the empirical analysis of consumer behavior. This paper introduces the Stata commands checkax, aei, and powerps as a bundle within the packa…
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Working Paper No. 1341
The Importance of Tacit Knowledge: Dynamic Inventor Activity in the Commercialization Phase
Inventors generally know more about their inventions than what is written down in patent applications. Because they possess this tacit knowledge, inventors may need to play an active role when patents…
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Working Paper No. 1339
Aggregate Consumption and Wealth in the Long Run: The Impact of Financial Liberalization
This paper investigates the impact of financial liberalization on the relationship between consumption and total wealth (i.e., the sum of asset wealth and human wealth). We propose a heterogeneous age…
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Working Paper No. 1332
Gender and Climate Action
It is well-known that men and women differ in their views regarding the severity of climate change, but do they also differ in their support for climate policy and in undertaking climate action in the…
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Working Paper No. 1328
On the Curvature of Homogeneous Function
Consider a quasiconcave, upper semicontinuous and homogeneous of degree $\gamma$ function $f$. This paper shows that the reciprocal of the degree of homogeneity, $1/\gamma$, can be interpreted as a me…
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Working Paper No. 1327
Testing for Weak Separability and Utility Maximization with Incomplete Adjustment
We develop models for weakly separable utility maximization with incomplete adjustment. By allowing for incomplete adjustment, these models account for the decision maker’s inability to instantaneousl…
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Working Paper No. 1326
CEO Health
Using comprehensive data on 28 cohorts in Sweden, we analyze CEO health and its determinants and outcomes. We find CEOs are in much better health than the population and on par with other high-skill p…
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Working Paper No. 1324
Income Elasticities Without Parameters
This paper proposes a simple non-parametric framework to calculate income elasticities from a data set of observed prices and consumed quantities without having to estimate any parameters. The framewo…
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Working Paper No. 1322
When Less Is More: Why Limited Entrepreneurship Education May Result in Better Entrepreneurial Outcomes
Entrepreneurship research suggests that entrepreneurship education and training can bridge the gender gap in entrepreneurship, but little empirical research exists assessing the validity and impact of…
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Working Paper No. 1321
A Rationalization of the Weak Axiom of Revealed Preference
We offer a rationalization of the weak axiom of revealed preference (WARP) and of the weak generalized axiom of revealed preference (WGARP) for both finite and infinite data sets of consumer choice. W…
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Working Paper No. 1319
Making a Market: Infrastructure, Integration and the Rise of Innovation
We exploit exogenous variation arising from the historical rollout of the Swedish railroad network across municipalities to identify the impacts of lowered interaction costs on innovative activity. A…
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Working Paper No. 1314
International Jurisdiction over Standard-Essential Patents
Countries are alleged to pursue commercial interests through their antitrust interventions regarding FRAND commitments for standard-essential patents (SEPs). This paper examines pros and cons of alloc…
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Working Paper No. 1313
Entrepreneurship Prompts Institutional Change in Developing Economies
Entrepreneurship plays a pivotal role for institutional change and economic development in transition and developing economies. Formal and informal institutions in such countries are often sub-par, bu…
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Working Paper No. 1309
Power Against Random Expenditure Allocation for Revealed Preference Tests
This paper proposes new power indices for revealed preference tests. The indices are based on a model of irrational consumption behavior where the consumer randomly allocates a certain fraction of exp…
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Working Paper No. 1308
Index Numbers and Revealed Preference Rankings
For previously identified weakly separable blockings of goods and assets, we construct aggregates using four superlative index numbers, the Fisher, Sato-Vartia, Törnqvist and Walsh, two non-superlativ…
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Working Paper No. 1306
Collaborative Innovation Blocs and Antifragility
We present the theory of the collaborative innovation bloc (CIB), an evolving system of innovation within which activity takes place over time. We show how the application of the CIB perspective can h…
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Working Paper No. 1299
Digitization-Based Automation and Occupational Dynamics
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 automati…
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Working Paper No. 1297
State Trading Deregulation and Prairie Durum Wheat Production
We estimate the impact of the 2012 removal of the Canadian Wheat Board’s (CWB) single-desk on the spatial pattern of durum wheat acres in Western Canada. We analyze changes in durum seeded acres with…
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Working Paper No. 1296
Import Demand Elasticities Based on Quantity Data: Theory and Evidence
Correct estimates of import demand elasticities are essential for measuring the gains from trade and predicting the impact of trade policies. We show that estimates of import demand elasticities hinge…
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Working Paper No. 1298
Should We Worry about the Decline of the Public Corporation? A Brief Survey of the Economics and External Effects of the Stock Market
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 stoc…
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Working Paper No. 1288
The Impact of Banning Mobile Phones in Swedish Secondary Schools
Recently, policy makers worldwide have suggested and passed legislation to ban mobile phone use in schools. The influential (and only quantitative) evaluation by Beland and Murphy (2016), suggests tha…
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Working Paper No. 1285
The Collaborative Innovation Bloc: A Reply to our Commentators
We are grateful for the comments to our article, and for the opportunity to respond to them. In our original contribution, we argued that the application of the EOE perspective could help make Austria…
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Working Paper No. 1283
Economic Incentives, Childcare and Gender Identity Norms
This paper investigates the role of gender identity norms in shaping men's and women's time allocation, based on observed behavior following a change in the market penalty for adopting prescriptive no…
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Working Paper No. 1280
Intrapreneurship and Trust
Trust and entrepreneurship are seen as key ingredients of long-term prosperity. However, it is not clear how these two are related. Part of the confusion can be traced back to the measurement of entre…
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Working Paper No. 1279
The Rise and Decline of Industrial Foundations as Controlling Owners of Swedish Listed Firms: The Role of Tax Incentives
Beginning in the interwar period, industrial foundations became a vehicle for the corporate control of large listed firms in Sweden, but in the 1990s they were replaced by wealthy individuals who eith…
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Working Paper No. 1272
Foreign Investors and Domestic Company Growth: Evidence from US Venture Capital Investments in Sweden
Do foreign venture capitalists help the domestic economy, or hamper it by slowing down growth, potentially moving economic activity away? This paper addresses this long-standing policy question by exa…
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Working Paper No. 1275
Gender Differences in Optimism
This paper examines gender differences in optimism about the economy. We measure optimism using Swedish survey data in which respondents stated their beliefs about the country’s future economic situat…
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Working Paper No. 1274
Samuelson's Approach to Revealed Preference Theory: Some Recent Advances
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 prefere…
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Working Paper No. 1270
Measuring Entrepreneurship: Do Established Metrics Capture High-Impact Schumpeterian Entrepreneurship?
Are quantitative measures driven by small business activity also valid proxies for high-impact Schumpeterian entrepreneurship? We compile four hand-collected measures of high-impact Schumpeterian entr…
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Working Paper No. 1268
Globalization, Job Tasks and the Demand for Different Occupations
Globalization has increased in recent decades, resulting in structural changes of production and labor demand. This paper examines how the increased global engagement of firms affects the structure of…
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