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Productivity Beliefs and Efficiency in Science

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NBER2025-07-01 更新2025-07-19 收录
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We develop a method to estimate producers productivity beliefs in settings where output quantities and input prices are unobservable, and we use it to evaluate allocative efficiency in the market for science. Our model of researchers labor supply shows that their willingness to pay for their two key

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2025-07-01
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