Showing 1 - 10 of 20
, we extend the analysis to characterizing rational expectations of interim types, to games of incomplete information, as …
Persistent link: https://www.econbiz.de/10010851330
under imperfect information, these findings are consistent with Indonesia citizens over-estimating the net gains from …
Persistent link: https://www.econbiz.de/10010851381
information. One technique heavily used by rhetoric employs analogies. Using analogies, one may draw the listener’s attention to … similarities between cases and to re-organize existing information in a way that highlights certain regularities. In this paper we …
Persistent link: https://www.econbiz.de/10010851430
This paper shows that information effects per se are not responsible for the Giffen goods anomaly affecting traders …' demands in multi asset noisy, rational expectations equilibrium markets. The role that information plays in traders …
Persistent link: https://www.econbiz.de/10010547268
contains enough information to estimate the structural shocks with a VAR model. Based on such conditions, we suggest a … are not informationally sufficient. When adding missing information, the effects of technology shocks change dramatically. …
Persistent link: https://www.econbiz.de/10010547441
-term contracts sacrificing managerial selection may be optimal at early stages of economic development and when access to information …
Persistent link: https://www.econbiz.de/10010734223
information about governing politicians not available from challengers. Because there are many reasons for high reelection rates …
Persistent link: https://www.econbiz.de/10011115550
countervail the tax distortion with a 'second best' compensating distortion in information. This result provides a rationale for …
Persistent link: https://www.econbiz.de/10010851347
This paper formalizes in a fully-rational model the popular idea that politicians perceive an electoral cost in adopting costly reforms with future benefits and reconciles it with the evidence that reformist governments are not punished by voters. To do so, it proposes a model of elections where...
Persistent link: https://www.econbiz.de/10010547124
constraints (complete versus asymmetric information on each workers efficiency) and political constraints (mandatory versus … voluntary downsizing). Under complete information, the optimal structure of downsizing (who is laid-off and who is not) does not … this cost includes his opportunity cost in the private sector, information acquisition on opportunity costs affects the …
Persistent link: https://www.econbiz.de/10010547125