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Sources of advantageous selection: Evidence from the Medigap insurance market

[PDF] from upenn.edu
H Fang, MP Keane… - 2006 - nber.org
We provide strong evidence of advantageous selection in the Medigap insurance market,
and analyze its sources. Using Medicare Current Beneficiary Survey (MCBS) data, we find
that, conditional on controls for the price of Medigap, medical expenditures for senior ...
Cited by 136 - Related articles - Library Search - BL Direct - All 39 versions

Assessing the impact of welfare reform on single mothers

[PDF] from brookings.edu
Full text - MIT Libraries
H Fang… - Brookings Papers on Economic Activity, 2004 - JSTOR
THE PERSONAL RESPONSIBILITY and Work Opportunity Reconciliation Act (PRWORA),
signed into law in 1996, transformed the US welfare system. PRWORA replaced the Aid to
Families with Dependent Children (AFDC) program with Temporary Assistance for Needy ...
Cited by 75 - Related articles - BL Direct - All 39 versions

An alternative test of racial prejudice in motor vehicle searches: Theory and evidence

[PDF] from mecon.gov.ar
S Anwar… - 2005 - nber.org
We propose a simple model of trooper behavior to design empirical tests for whether
troopers of different races are monolithic in their search behavior, and whether they exhibit
relative racial prejudice in motor vehicle searches. Our test of relative racial prejudice ...
Cited by 75 - Related articles - Library Search - BL Direct - All 45 versions

TIME‐INCONSISTENCY AND WELFARE PROGRAM PARTICIPATION: EVIDENCE FROM THE NLSY*

[PDF] from upenn.edu
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H Fang… - International Economic Review, 2009 - Wiley Online Library
We empirically implement a dynamic structural model of labor supply and welfare program
participation for agents with potentially time-inconsistent preferences. Using panel data on
the choices of single women with children from the National Longitudinal Surveys (NLSY) ...
Cited by 71 - Related articles - Library Search - BL Direct - All 32 versions

Social culture and economic performance

[PDF] from 128.197.153.21
H Fang - American Economic Review, 2001 - JSTOR
The connection between obtaining higher paying jobs and undertaking some seemingly
irrelevant activity is interpreted as" social culture." In the context of a society trying to adopt a
new technology, I show that by allowing the firms to give preferential treatment to workers ...
Cited by 70 - Related articles - Get it from MIT Libraries - BL Direct - All 30 versions

Eat, drink, firms and government: an investigation of corruption from entertainment and travel costs of Chinese firms

[PDF] from duke.edu
H Cai, H Fang… - 2005 - nber.org
Entertainment and Travel Costs (ETC) is a standard expenditure item for Chinese firms with
an annual amount equal to about 20 percent of total wage bills. We use this objective
accounting measure as a basis to analyze the composition of ETC and the effect of ETC ...
Cited by 62 - Related articles - Library Search - BL Direct - All 33 versions

Morale hazard

[PDF] from 128.36.236.35
Full text - MIT Libraries
H Fang, G Moscarini - Journal of Monetary Economics, 2005 - Elsevier
We interpret workers' confidence in their own skills as their morale, and investigate the
implication of worker overconfidence on the firm's optimal wage-setting policies. In our
model, wage contracts both provide incentives and affect worker morale, by revealing ...
Cited by 58 - Related articles - Library Search - BL Direct - All 36 versions

To bundle or not to bundle

[PDF] from duke.edu
Full text - MIT Libraries
H Fang, P Norman - The RAND Journal of Economics, 2006 - Wiley Online Library
Comparing monopoly bundling with separate sales is relatively straightforward in an
environment with a large number of goods. We show that results similar to those for the
asymptotic case can be obtained in the more realistic case with a given finite number of ...
Cited by 57 - Related articles - Library Search - BL Direct - All 38 versions

Understanding overbidding in second price auctions: An experimental study*

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DJ Cooper… - The Economic Journal, 2008 - Wiley Online Library
We present results from second price private value auction (SPA) experiments where
bidders may receive noisy signals about their opponents' value. Such signals change
bidders' perception about the 'strength'of their opponent, and the relationship between ...
Cited by 55 - Related articles - BL Direct - All 16 versions

DISENTANGLING THE COLLEGE WAGE PREMIUM: ESTIMATING A MODEL WITH ENDOGENOUS EDUCATION CHOICES*

[PDF] from duke.edu
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H Fang - International Economic Review, 2006 - Wiley Online Library
This article proposes and empirically implements a structural model of education choices
and wage determination to quantitatively evaluate the contributions of productivity
enhancement and ability signaling in the college wage premium. The model is estimated ...
Cited by 55 - Related articles - BL Direct - All 28 versions

Lottery versus all-pay auction models of lobbying

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Full text - MIT Libraries
H Fang - Public Choice, 2002 - Springer
I first provide a complete characterizationof the unique equilibrium of thelottery game by n
lobbyists with asymmetricvaluations, and then compare the lotteryand the all-pay auction
models of lobbying. I show that the exclusion principlediscovered by Baye, Kovenock and ...
Cited by 51 - Related articles - BL Direct - All 17 versions

Observational learning: Evidence from a randomized natural field experiment

[PDF] from duke.edu
H Cai, Y Chen… - 2007 - nber.org
We present results about the effects of observing others' choices, called observational
learning, on individuals' behavior and subjective well-being in the context of restaurant
dining from a randomized natural field experiment. Our experimental design aims to ...
Cited by 47 - Related articles - Library Search - BL Direct - All 33 versions

Multidimensional private value auctions

[PDF] from princeton.edu
Full text - MIT Libraries
H Fang, S Morris - Journal of Economic Theory, 2006 - Elsevier
We consider parametric examples of symmetric two-bidder private value auctions in which
each bidder observes her own private valuation as well as noisy signals about her
opponent's private valuation. We show that, in such environments, the revenue ...
Cited by 37 - Related articles - Library Search - BL Direct - All 36 versions

" Dysfunctional Identities" Can Be Rational

[PDF] from brown.edu
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H Fang… - The American economic review, 2005 - JSTOR
Understanding the nature and sources of human identity is an important objective in the
study of a variety of social problems. Scholarly and popular writing on the cultural
determinants of economic disadvantage underscores this point. Some analysts (eg, ...
Cited by 29 - Related articles - BL Direct - All 36 versions

Equilibrium of affiliated value second price auctions with financially constrained bidders: the two-bidder case

[PDF] from upenn.edu
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H Fang, SO Parreiras - Games and Economic Behavior, 2002 - Elsevier
We study affiliated value second price auctions with two financially constrained bidders. We
prove the existence of a symmetric equilibrium under quite general conditions. Comparative
static results are provided. Journal of Economic Literature Classification Number: D44.
Cited by 27 - Related articles - Library Search - BL Direct - All 15 versions

Microinsurance, trust and economic development: evidence from a randomized natural field experiment

[PDF] from hit-u.ac.jp
H Cai, Y Chen, H Fang… - 2009 - nber.org
We report results from a large randomized natural field experiment conducted in
southwestern China in the context of insurance for sows. Our study sheds light on two
important questions about microinsurance. First, how does access to formal insurance ...
Cited by 30 - Related articles - Library Search - All 29 versions

An efficiency rationale for bundling of public goods

[PDF] from duke.edu
H Fang, P Norman - 2003 - papers.ssrn.com
Abstract: This paper studies the optimal provision mechanism for multiple excludable public
goods when agents' valuations are private information. For a parametric class of problems
with binary valuations, we characterize the optimal mechanism, and show that it involves ...
Cited by 26 - Related articles - All 48 versions

Dynamic inefficiencies in employment-based health insurance system theory and evidence

[PDF] from upenn.edu
H Fang… - 2007 - nber.org
We investigate how the employment-based health insurance system in the US affects
individuals' life-cycle health-care decisions. We take the viewpoint that health is a form of
human capital that affects workers' productivities on the job, and derive implications of ...
Cited by 25 - Related articles - Library Search - BL Direct - All 26 versions

Separate when equal? Racial inequality and residential segregation

[PDF] from duke.edu
P Bayer, H Fang… - 2005 - nber.org
This paper hypothesizes that segregation in US cities increases as racial inequality narrows
due to the emergence of middle-class black neighborhoods. Employing a novel research
design based on life-cycle variations in the relationship between segregation and ...
Cited by 24 - Related articles - Library Search - BL Direct - All 38 versions

On the compassion of time-limited welfare programs

[PDF] from duke.edu
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H Fang… - Journal of Public Economics, 2004 - Elsevier
Supporters of recent welfare reforms argue that time limits and other eligibility restrictions
serve recipients. We present a simple model of agents with present-biased preferences to
investigate the theoretical validity of this claim. We first identify four types of outcome that ...
Cited by 19 - Related articles - All 12 versions

[BOOK] Toward an economic theory of dysfunctional identity

[PDF] from bu.edu
H Fang, GC Loury… - 2004 - papers.ssrn.com
Abstract: We advance a novel choice-theoretic model of identity based on the notions of
categories and narratives. Identity is conceived as a matter of" reflexive perception"-how
people understand themselves. Choosing an identity is equivalent to making a ...
Cited by 17 - Related articles - Get it from MIT Libraries - Library Search - All 43 versions

Optimal provision of multiple excludable public goods

[PDF] from bcrp.gob.pe
H Fang, P Norman - 2008 - nber.org
This paper studies the optimal provision mechanism for multiple excludable public goods
when agents' valuations are private information. For a parametric class of problems with
binary valuations, we demonstrate that the optimal mechanism involves bundling if a ...
Cited by 14 - Related articles - Library Search - BL Direct - All 36 versions

On the failure of the linkage principle with financially constrained bidders

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Full text - MIT Libraries
H Fang, SO Parreiras - Journal of Economic Theory, 2003 - Elsevier
This paper provides a class of examples of two-bidder common value second price auctions
in which bidders may be financially constrained and the seller has access to information
about the common value. We show that the seller's expected revenue under a revelation ...
Cited by 14 - Related articles - All 16 versions

Testing the mechanisms of structural models: The case of the mickey mantle effect

[PDF] from uni-mannheim.de
Full text - MIT Libraries
H Fang, M Keane, A Khwaja, M Salm… - The American economic …, 2007 - JSTOR
A well-known method of validating econometric models (structural or otherwise) is to
examine their performance in out-of-sample prediction. That is, given a change in the policy
environment, do the key endogenous variables of the model move in ways that are in ...
Cited by 14 - Related articles - Library Search - BL Direct - All 39 versions

Estimating dynamic discrete choice models with hyperbolic discounting, with an application to mammography decisions

[PDF] from upenn.edu
H Fang… - 2010 - nber.org
We extend the semi-parametric estimation method for dynamic discrete choice models using
Hotz and Miller's (1993) conditional choice probability (CCP) approach to the setting where
individuals may have hyperbolic discounting time preferences and may be naive about ...
Cited by 14 - Related articles - Library Search - All 17 versions

Overcoming participation constraints

[PDF] from upenn.edu
H Fang, P Norman - Cowles Foundation Discussion Paper No. …, 2005 - papers.ssrn.com
Abstract: This paper shows that linking a sufficiently large number of independent but
unrelated social decisions can achieve approximate efficiency. We provide regularity
conditions under which a Groves mechanism amended with a veto game implements an ...
Cited by 12 - Related articles - Library Search - BL Direct - All 40 versions

Theories of statistical discrimination and affirmative action: A survey

[PDF] from upenn.edu
H Fang… - 2010 - nber.org
This chapter surveys the theoretical literature on statistical discrimination and affirmative
action. This literature suggests different explanations for the existence and persistence of
group inequality. This survey highlights such differences and describes in these contexts ...
Cited by 12 - Related articles - Library Search - All 16 versions

Does affirmative action lead to mismatch? A new test and evidence

[PDF] from seaphe.org
Full text - MIT Libraries
P Arcidiacono, EM Aucejo, H Fang… - Quantitative …, 2011 - Wiley Online Library
We argue that once we take into account the students' rational enrollment decisions,
mismatch in the sense that the intended beneficiaries of affirmative action admission policies
are made worse off ex ante can only occur if selective universities possess private ...
Cited by 11 - Related articles - Library Search - All 42 versions

Eat, drink, firms and government: An investigation of corruption from entertainment expenditures of Chinese firms

[PDF] from worldbank.org
H Cai, H Fang… - Journal of Law and Economics, 2005 - papers.ssrn.com
Abstract: Entertainment and Travel Costs (ETC), an expenditure item in standard accounting
books of firms in China, amount to about 20% of total wage bills in a sample of 3470
Chinese firms. Using a detailed dataset of these firms, we analyze the composition of ETC ...
Cited by 11 - Related articles - Get it from MIT Libraries - All 6 versions

GOVERNMENT‐MANDATED DISCRIMINATORY POLICIES: THEORY AND EVIDENCE*

[PDF] from duke.edu
Full text - MIT Libraries
H Fang, P Norman - International Economic Review, 2006 - Wiley Online Library
We study an economy with private and public sectors in which workers invest in imperfectly
observable skills that are important to the private sector but not to the public sector.
Government regulation allows native majority workers to be employed in the public sector ...
Cited by 9 - Related articles - BL Direct - All 23 versions

[PDF] Overconfidence, morale and wage-setting policies

[PDF] from duke.edu
H Fang, G Moscarini - Cowles Foundation Discussion Paper, 2002 - public.econ.duke.edu
Abstract Psychologists have consistently documented people's tendency to be overconfident
about their own ability. We interpret workers' confidence in their own skills as their morale,
and investigate the implication of worker overconfidence on the firm's optimal wage- ...
Cited by 9 - Related articles - View as HTML - All 10 versions

[PDF] Name trading and efficiency

[PDF] from upenn.edu
H Fang - Manuscript. Philadelphia: Univ. Pennsylvania, Dept. …, 1998 - econ.upenn.edu
Abstract Welfare implications of name trading market are studied in an extension of Tadelis
(1998). We find that in a two period economy name trading never decreases social welfare
and strictly improves it for a positive measure set of economies. Full and partial reputation ...
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[PDF] Measuring time-inconsistency: Evidence from work-welfare decisions in the NLSY

[PDF] from psu.edu
H Fang… - Unpublished manuscript, Department of …, 2004 - Citeseer
Abstract This paper applies a model of potentially time-inconsistent preferences to the
problem of dynamic labor supply and welfare program participation. From panel data on the
choices of single women with children, we provide estimates of the degree of time- ...
Cited by 6 - Related articles - View as HTML - All 15 versions

[PDF] Discrimination with Endogenous Group Choices

[PDF] from upenn.edu
H Fang - Manuscript, Department of Economics, Yale University, 1998 - econ.upenn.edu
Abstract We study a model in which workers choose group identities and make human capM
ital investments. Firms compete for workers, based on the workersG observable group
identities and imperfect but informative signals of the workersG qualifications. AssumM ing ...
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[PDF] The Effect of Microinsurance on Economic Activities: Evidence from a Randomized Natural Field E periment

[PDF] from upenn.edu
H Cai, Y Chen, H Fang… - 2010 - porter.ssc.upenn.edu
Abstract Lack of access to formal insurance market may prevent farmers from pursuing risky
production activities with potentially large returns. How does access to formal
microinsurance affect production and economic development? We report results from a ...
Cited by 4 - Related articles - View as HTML - All 4 versions

[CITATION] Forthcoming.“Eat, Drink, Firms, Government: An Investigation of Corruption from Entertainment and Travel Costs of Chinese Firms.”

H Cai, H Fang… - Journal of Law and Economics
Cited by 4 - Related articles - Get it from MIT Libraries

[PDF] The Optimal Timing of Affirmative Action

[PDF] from harvard.edu
H Fang, R Fryer - 2003 - economics.harvard.edu
Abstract This paper investigates the optimal timing of affirmative action in a dynamic model
of education and employment. The equilibria of the model exhibit inequitable outcomes due
to asymmetries in agents' initial conditions. Those who attend low quality grade schools ...
Cited by 3 - Related articles - View as HTML - All 5 versions

[PDF] Distinguishing Between Cognitive Biases: Belief vs. Time Discounting in Welfare Program Participation

[PDF] from duke.edu
H Fang… - … Public Finance, edited by Edward J. …, 2006 - public.econ.duke.edu
Abstract As economists introduce more and more cognitive biases into economic models, an
important question is whether we can distinguish these biases empirically. We present a
simple model of welfare program participation that nests two well&documented cognitive ...
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How Does Life Settlement Affect the Primary Life Insurance Market?

[PDF] from upenn.edu
H Fang, E Kung - 2010 - nber.org
We study the effect of the life settlement market on the structure of long term contracts offered
by the primary market for life insurance, as well as the effect on consumer welfare, using a
dynamic model of life insurance with one sided commitment and bequest-driven lapsation. ...
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Distinguishing between cognitive biases

H Fang… - Behavioral public finance, 2006 - books.google.com
ECONOMISTS have recently taken increased interest in a number of cognitive biases and
heuristics first documented by psychologists. 1 In theoretical studies, economists typically
introduce such biases and heuristics into stylized models with a goal of understanding ...
Cited by 3 - Related articles - All 2 versions

[PDF] The Insurance Role oF Rosca in the Presence oF Credit Markets: Theory and Evidence

[PDF] from acemsjtu.com
H Fang… - 2007 - acemsjtu.com
Abstract Rotating Savings and Credit Associations (Roscas) is an important informal
financial institution in many parts of the world. Existing models of Roscas assume that their
participants do not have access to formal financial markets and predict that the implicit ...
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[PDF] On the Failure of the Linkage Principle with Financially Constrained Bidders: An Example

[PDF] from unc.edu
H Fang, SO Parreiras - 2000 - unc.edu
Abstract The linkage principle may fail when bidders are financially constrained. The
intuition is as follows. In the presence of financial constraints, the bidders' upward response
to seller's good signals is limited by the financial constraints, while their downward ...
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[PDF] How Does Life Settlement Market Affects the Primary Life Insurance Marekt

[PDF] from upenn.edu
H Fang, E Kung - Manuscript, University of Pennsylvania, 2010 - porter.ssc.upenn.edu
A life settlement is a financial transaction in which a life insurance policyholder sells the policy
to a third party for more cash than the cash value offered by the original insurer. The third party
is then responsible for maintaining premium payments to the insurance company, but is ...
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[CITATION] QTime Inconsistency and Welfare Program Participation: Ev idence from the NLSY, R 2oo4

H Fang… - Cowles Foundation Discussion …
Cited by 2 - Related articles

[CITATION] An Alternative Test of Racial Prejudice in

S Anwar… - 2006
Cited by 2 - Related articles

[CITATION] VEstimating Dynamic Discrete Choice Models with Hyperbolic Discounting with an Application to Mammog'raphy DecisionsV

H Fang… - NBER Working Paper, 2009
Cited by 2 - Related articles

Why Do Life Insurance Policyholders Lapse? The Roles of Income, Health and Bequest Motive Shocks

[PDF] from upenn.edu
H Fang, E Kung - 2012 - papers.ssrn.com
Abstract: Previous research has shown that the reasons for lapsation have important
implications regarding the effects of the emerging life settlement market on consumer
welfare. We present and empirically implement a dynamic discrete choice model of life ...
Cited by 2 - Related articles - All 12 versions

[CITATION] Does Affirmative Action Lead to Mismatch? A New Test and Evidence” forthcoming in Quantitative Economics

P Arcdiacono, E Aucejo, H Fang… - 2011
Cited by 2 - Related articles

[CITATION] The Welfare Effect of Life Settlement Market: The Case of Income Shocks

H Fang, E Kung - Work in Progress, 2011
Cited by 2 - Related articles - Get it from MIT Libraries

[CITATION] To bundle or not to bundle

P Norman, H Fang - Rand Journal of Economics, forthcoming, 2003
Cited by 2 - Related articles

[CITATION] Externality vs. Public Goods

H Fang - Duke University
Cited by 2 - Related articles

[PDF] Confidence Management and the Free-Riding Problem

[PDF] from duke.edu
H Fang - Unpublished Paper, 2001 - econ.duke.edu
Abstract This paper provides an instrumental explanation of why people actively manage
their self-confidence and others' confidence in them. In a simple team production problem
where self and others' confidence in one's ability can affect the agents' incentives to exert ...
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Toward an Efficiency Rationale for the Public Provision of Private Goods

[PDF] from virginia.edu
H Fang, P Norman - 2008 - nber.org
This paper shows that public provision of private goods may be justified on pure efficiency
grounds in an environment where individuals consume both public and private goods. The
government's involvement in the provision of private goods provides it with information ...
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[BOOK] Government-mandated discriminatory policies

[PDF] from cepr.eu
H Fang, P Norman… - 2001 - cepr.eu
Abstract This paper provides a simple explanation for why some minority groups are
economically successful, despite being subject to government-mandated discriminatory
policies. We study an economy with private and public sectors in which workers invest in ...
Cited by 1 - Related articles - Get it from MIT Libraries - Library Search - All 23 versions

[CITATION] How does the life settlements market affect the primary market for life insurance?

H Fang, E Kung - 2010 - … , 2010a. and,“The Welfare Effect of …
Cited by 1 - Related articles

Cognitive Ability and Retiree Health Care Expenditure

[PDF] from umich.edu
H Fang, L Nicholas… - Ann Arbor, 2010 - papers.ssrn.com
Abstract: Prior research indicates that retirees with less cognitive ability are at greater
financial risk because they have lower incomes yet higher medical expenditures. Linking
HRS data to administrative records, we evaluate two hypotheses about why this group ...
Cited by 1 - Related articles - All 12 versions

Testing for the Role of Prejudice in Emergency Departments Using Bounceback Rates

[PDF] from upenn.edu
S Anwar… - 2011 - nber.org
We propose and empirically implement a test for the presence of racial prejudice among
emergency department (ED) physicians based on the bounceback rates of the patients who
were discharged after receiving diagnostic tests during their initial ED visits. A ...
Cited by 1 - Related articles - Library Search - All 15 versions

[PDF] Separate When Equal? Racial Inequality and Segregation

[PDF] from yale.edu
P Bayer, H Fang, R McMillan… - NBER Working …, 2005 - aida.econ.yale.edu
Abstract Standard intuition suggests that as income and education differences across race
decline, so racial segregation in the United States will fall. In this paper, we argue that the
very opposite should be expected. First, we identify a powerful mechanism underlying the ...
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[CITATION] Economics of Discrimination: Theory

H Fang - Empirical Methods and Evidence.[“The Book Project”]
Cited by 1 - Related articles

[PDF] Public Provision of a Private Good as a Constrained Effi cient Outcome

[PDF] from idei.fr
H Fang, P Norman - 2005 - idei.fr
Abstract This paper shows that public provision of private goods may be justified on pure effi
ciency grounds in an environment where consumers consume both public and private
goods. The idea is that public provision of a bundle that consists of a private and a public ...
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[PDF] Public Provision of Private Goods: An Effi ciency Rationale

[PDF] from upenn.edu
H Fang, P Norman - 2007 - econ.upenn.edu
Abstract This paper shows that public provision of private goods may be justified on pure effi
ciency grounds in an environment where consumers consume both public and private
goods. The idea is that public provision of a bundle that consists of a private and a public ...
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[PDF] Coordination Games in Economics

[PDF] from upenn.edu
H Fang - 2001 - econ.upenn.edu
The best example to illustrate coordination games is to consider the fascinating example
discussed by Schelling (1960) in which two individuals must independently decide where to
locate, at point A or point B. Assume that the players are better off locating at point B than ...
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An Experimental Study of Alternative Campaign Finance Systems: Donations, Elections and Policy Choices

[PDF] from upenn.edu
H Fang, DA Shapiro… - 2011 - nber.org
We experimentally study the effect of alternative campaign finance systems–as
characterized by different information structure about donors–on donations, election
outcomes, political candidates' policy choices, and welfare. Three alternative campaign ...
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The Macroeconomic Consequences of Financing Health Insurance

H Fang… - 2007 - papers.ssrn.com
Abstract: Employer-financed health insurance systems, like that used in the United States,
distort firms labor demand and adversely affect the economy. Since such costs vary with
employment rather than hours worked, firms have an incentive to increase output by ...
Related articles

Rotating Bidding: A Mechanism to Allocate Common Pool Resource, Comparing with Bargaining Solution

R Ke… - CHINA ECONOMIC QUARTERLY-BEIJING-, 2004 - en.cnki.com.cn
This paper formalizes a rotating bidding mechanism for allocating the common pool
resource (CPR) with the presence of private information. It is shown that through the competi-
tion for the priority of using the CPR, the elaborated mechanism will motivate the agents to ...
Cached - BL Direct

[PDF] The Effect of Microinsurance on Economic Activities: Evidence from a Randomized Field Experiment

[PDF] from su.se
H Cai, Y Chen, H Fang… - 2011 - iies.su.se
Abstract Lack of access to formal insurance market may prevent farmers from pursuing risky
production activities with potentially large returns. How does access to formal
microinsurance affect production and economic development? We report results from a ...
View as HTML

[BOOK] Eat, Drink, Firms and Government

[PDF] from duke.edu
H Cai, H Fang… - 2005 - econ.duke.edu
Abstract We use a comprehensive dataset with a large sample of Chinese firms to identify
corruption and its causes. We focus our analysis on an expenditure item in the accounting
books of Chinese firms called “Entertainment Expenditures (ETC).” Relying on a simple ...
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Public Provision of Private Goods

P Norman, H Fang - 2004 Meeting Papers, 2004 - ideas.repec.org
We consider an environment with asymmetric information about preferences for a public
good and a private good. If the public good must be financed from contributions made by
participants and if participants must be given incentives to participate in the mechanism, ...
Cached - All 4 versions

Royal Economic Society

R Inderst, E Papaioannou, G Siourounis… - The Economic …, 2008 - res.org.uk
We present a simple model of personal finance in which an incumbent lender has an
information advantage vis-à-vis both potential competitors and households. In order to
extract more consumer surplus, a lender with sufficient market power may engage in' ...
Cached - Get it from MIT Libraries - All 2 versions

Multidimensional Private Value Auctions

S Morris, H Fang - Yale School of Management Working Papers, 2004 - ideas.repec.org
We consider parametric examples of two-bidder private value auctions in which each bidder
observes her own private valuation as well as noisy signals about her opponent's private
valuation. In such multidimensional private value auction environments, we show that the ...
Cached - All 6 versions

[PDF] Inference of BiddersmRisk Attitudes in Ascending Auctions with Endogenous Entry

[PDF] from upenn.edu
H Fang… - economics.sas.upenn.edu
Abstract Biddersmrisk attitudes have important implications for sellers seeking to maximize
expected revenues. In ascending auctions, auction theory predicts bid distributions in
Bayesian Nash equilibrium does not convey any information about biddersmrisk ...
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[PDF] 1 Economics of Discrimination: Theory, Empirical Methods and Evidence

[PDF] from duke.edu
H Fang - 2006 - econ.duke.edu
1.1 Summary This research topic originated in my 2000 University of Pennsylvania Ph. D.
dissertation titled “Discrimination with Endogenous Group Choices and its Empirical
Application.” The main motivation for this research project is the following observation: in ...
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[PDF] A Simple Model of Elites

[PDF] from upenn.edu
H Fang - 2000 - econ.upenn.edu
Abstract How can participation in seemingly irrelevant activities become the distinguishing
chracteristic of elites? I study a simple equilibrium model in which workers decide whether to
undertake an a priori irrelevant activity as well as whether to invest in imperfectly ...
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[PDF] Are Auctions and Posted Prices Equivalent?

[PDF] from upenn.edu
H Fang - 1999 - economics.sas.upenn.edu
Abstract The traditional retailing method has been dominantly posted prices. However, with
the emergence of eMcommerce, consumers can buy more and more goods from internet
auction sites. This paper asks in a stylized model the following questions: Can the two ...
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[CITATION] NAME AFFILIATION TITLE*

H Fang, S Imai, M Keane, S Seitz, B Shearer… - Economic Policy, 2000
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Corrigendum: Optimal Provision of Multiple Excludable Public Goods

Full text - MIT Libraries
H Fang, P Norman - American Economic Journal: …, 2011 - econ.upenn.edu
In Fang and Norman (2010), we incorrectly represented Case 2 in Table 1 (p. 21). The inequality
in defining Case 2 should have been a ≤ (less than or equal to). We apologize for our
mistake. ... Fang, Hanming, and Peter Norman. 2010. “Optimal Provision of Multiple ...
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[PDF] Donations and Policy Choice

[PDF] from uncc.edu
H Fang, D Shapiro… - 2010 - belkcollegeofbusiness.uncc.edu
Abstract We experimentally study the impact of donations to a political candidate on the
candidate's subsequent policy choice. There are two politicians, one being computerized,
and one to three large donors. Donors can donate funds to the human candidate thereby ...
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[PDF] 1 Social Insurance: An Introduction

[PDF] from upenn.edu
Full text - MIT Libraries
H Fang - Science - economics.sas.upenn.edu
1. [#] George Akerlof (1970). lThe Market for jLemonsk: Quality Uncertainty and the Market
Mecha% nism,mQuarterly Journal of Economics (August l970). ... 2. [#] Michael Rothschild and
Joseph Stiglitz (1976). lEquilibrium in Competitive Insurance Markets: An Essay on the ...
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Martin J. Osborne, Department of Economics, University of Toronto, martin. osborne@ utoronto. ca

JC Ely, EJ Green, BL Lipman, D Ray, S Athey… - Wiley Online Library
Skip to Main Content. ...

[PDF] Confidence Management and Interpersonal Strategic Interactions

[PDF] from upenn.edu
H Fang - 2001 - economics.sas.upenn.edu
Abstract People actively manage their self-confidence and others' confidence in them, and
they also care about the self-confidence of those with whom they interact. This paper
provides an instrumental reason for confidence management. We show that judicious ...
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[CITATION] Time-inconsistency and Welfare Program Participation: Evidence from the NLSY (preliminary)

H Fang… - 2003
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Government-Mandated Discriminatory Policies

P Norman, H Fang - 2001 - papers.ssrn.com
Abstract: This paper provides a simple explanation for why some minority groups are
economically successful, despite being subject to government-mandated discriminatory
policies. We study an economy with private and public sectors in which workers invest in ...
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[CITATION] The Department of Economics is pleased to announce that the following faculty will join the Department in fall of 2007

H Fang - 2007 - Northwestern University
All 2 versions

Edward Vytlacil (University of Chicago Nonparametric Selection Models and the Evaluation of Treatment Parameters Monika Piazzesi (Stanford University) An …

M Battaglini, W Dessein, H Fang… - Wiley Online Library
The Review of Economic Studies administers a travel fund to provide financial support for
economists and econometricians who are at an early stage in their careers and are
travelling to or from Europe to present papers at conferences, workshops, etc. This fund is ...

An Efficiency Rationale for the Bundling of Public Goods

P Norman, H Fang - Econometric Society 2004 North American …, 2004 - ideas.repec.org
This paper studies the role of bundling in the efficient provision of excludable public goods.
We show that bundling in the provision of unrelated public goods can enhance social
welfare. With a large number of goods and agents, first best can be approximated with ...
Cached - All 6 versions

Discrimination with endogenous group choices: A theory and its empirical application

H Fang - 2000 - repository.upenn.edu
Abstract Discrimination with endogenous group choices. We investigate the possibility of
discrimination based on whether a worker undertakes some seemingly irrelevant activity.
We study a model in which workers choose group identities and make human capital ...
Cached - All 3 versions

[PDF] Equilibrium of Affiliated Value Vickery Auctions with Financially Constrained Bidders: Existence and Uniqueness

[PDF] from duke.edu
H Fang, SO Parreiras - 2000 - econ.duke.edu
Abstract We study an affiliated value Vickery auction model with two financially constrained
bidders. We prove the existence and uniqueness of a symmetric equilibrium under quite
general conditions. Comparative static results are provided.
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Dynamic Inefficiencies in an Employment-Based Health Insurance System: Theory and Evidence

[PDF] from nyu.edu
Full text - MIT Libraries
H Fang… - The American Economic Review, 2011 - ingentaconnect.com
Abstract: We investigate the effects of the institutional settings of the US health care system
on individuals' life-cycle medical expenditures. Health is a form of general human capital;
labor turnover and labor-market frictions prevent an employer-employee pair from ...
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[PDF] CEMA, Central University of Finance and Economics

[PDF] from cufe.edu.cn
Full text - MIT Libraries
H Fang - Journal of Economics - cema.cufe.edu.cn
1. George Akerlof (1970). “The Market for 'Lemons': Quality Uncertainty and the Market
Mechanism,” Quarterly Journal of Economics (August l970). ... 2. Michael Rothschild and Joseph
Stiglitz (1976). “Equilibrium in Competitive Insurance Markets: An Essay on the ...
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[PDF] Dynamic Inefficiencies in Employment-Based Health Insurance: Theory and Evidence

[PDF] from nber.org
H Fang… - 2007 - nber.org
Abstract We investigate how the employment-based health insurance system in the US
affects individuals' life-cycle health-care decisions. We take the viewpoint that health is a
form of human capital that affects workers' productivities on the job, and derive ...
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Royal Economic Society

DJ Cooper… - The Economic Journal, 2008 - res.org.uk
We present results from second price private value auction (SPA) experiments where
bidders may receive noisy signals about their opponents' value. Such signals change
bidders' perception about the'strength'of their opponent, and the relationship between ...
Cached - Get it from MIT Libraries - All 2 versions

Martin J. Osborne, Department of Economics, University of Toronto, martin. osborne@ utoronto. ca

J Hörner, BL Lipman, D Ray, S Athey, T Bergstrom… - Wiley Online Library
Skip to Main Content. Wiley Online Library will be disrupted 3
Dec from 10-12 GMT for monthly maintenance. ...

[DOC] Rotating Bidding: A Mechanism to Allocate Common Pool Resource, Comparing with Bargaining Solution

[DOC] from unirule.org.cn
K Rongzhu… - unirule.org.cn
Abstract This paper formalizes a new mechanism used to allocate the common pool
resource (CPR) under the circumstance of private information. It is shown that through
mutually competing for using order of CPR, the present elaborated institution will motivate ...
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