Working Papers
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. 1320
Does a District-Vote Matter for the Behavior of Politicians? A Textual Analysis of Parliamentary Speeches
In most democracies, members of parliament are either elected over a party list or by a district. We use a discontinuity in the German parliamentary system to investigate the causal effect of a distri…
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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. 1317
Switching Costs, Brand Premia and Behavioral Pricing in the Pharmaceutical Market
This article examines the market power of branded prescription drugs faced with generic competition. Using prescription-level and matched socioeconomic panel data of the entire Swedish population betw…
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Working Paper No. 1315
The Causal Effect of Political Power on the Provision of Public Education: Evidence from a Weighted Voting System
In this paper, we estimate the causal effect of political power on the provision of public education. We use data from a historical nondemocratic society with a weighted voting system where eligible v…
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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. 1305
Distance Still Matters: Local Bank Closures and Credit Availability
In recent years, commercial banks have substantially reduced the number of their branch offices. We address the question of whether or not the increased distance to lenders caused by branch office clo…
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Working Paper No. 1303
Assimilation Patterns in Cities
We develop a model in which ethnic minorities can either assimilate to the majority's norm or reject it by trading off higher productivity and wages with a greater social distance to their culture of…
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Working Paper No. 1302
Social Norms in Networks
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…
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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. 1295
Mothers, Peers and Gender-Role Identity
We study whether a woman's labor supply as a young adult is shaped by the work behavior of her adolescent peers' mothers. Using detailed information on a sample of U.S. teenagers who are followed over…
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Working Paper No. 1294
Friendship Networks and Political Opinions: A Natural Experiment among Future French Politicians
We study how friendship shapes students' political opinions in a natural experiment. We use the indicator whether two students were exogenously assigned to a short-term \integration group", unrelated…
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Working Paper No. 1293
Are Estimates of Early Education Programs Too Pessimistic? Evidence from a Large-Scale Field Experiment that Causally Measures Neighbor Effects
We estimate the direct and spillover effects of a large-scale early childhood intervention on the educational attainment of over 2,000 disadvantaged children in the United States. We show that failing…
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Working Paper No. 1291
A Theory of Gazelle Growth: Competition, Venture Capital Finance and Policy
This paper proposes a theory of gazelle growth in which gazelles can either grow organically or by acquisitions. In the model, there are three types of firms: incumbent, target, and gazelle. We show t…
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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. 1289
Multiple Births, Birth Quality and Maternal Labor Supply: Analysis of IVF Reform in Sweden
In this study we examine the passage of a reform to in-vitro fertilization (IVF) procedures in Sweden in 2003. Following publication of medical evidence showing that pregnancy success rates could be m…
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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. 1277
A Meritocratic Origin of Egalitarian Behavior
The meritocratic fairness ideal implies that inequalities in earnings are regarded as fair only when they reflect differences in performance. Consequently, implementation of the meritocratic fairness…
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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. 1267
Stock Market Impact of Cross-Border Acquisitions in Emerging Markets
Entry by multinational enterprises (MNEs) into emerging markets has increased substantially over the last decades. Many of these MNE entries have taken place in concentrated markets. To capture these…
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