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Optimal Interventions in Markets with Adverse Selection

Philippon, Thomas; Skreta, Vasiliki - C.E.P.R. Discussion Papers - 2010

for new debt issuances implement the optimal mechanism, while equity injections and asset buyback do not. We also discuss …

Persistent link: https://www.econbiz.de/10008468692

Visibility of Contributors and Cost of Information: An Experiment on Public Goods

Samak, Anya; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2013

We experimentally investigate the impact of visibility of contributors and cost of information on public good contributions. First, we vary recognizing all, highest or lowest contributors. Second, we investigate the effect of imposing a cost on viewing contributors. Recognizing all contributors...

Persistent link: https://www.econbiz.de/10011259460

When Identifying Contributors is Costly: An Experiment on Public Goods

Samek, Anya; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2015

Studies show that identifying contributors increases contributions to public goods. In practice, viewing identifiable information is costly, which may discourage people from accessing it. We design a public goods experiment in which participants can pay to view information about identities and...

Persistent link: https://www.econbiz.de/10011157025

A Theory of Political Accountability and Journalism

Bruns, Christian; Himmler, Oliver - Volkswirtschaftliche Fakultät, … - 2014

Journalism is widely believed to be crucial for holding elected officials accountable. At the same time economic theory has a hard time providing a straightforward explanation for the phenomenon of "accountability journalism". According to the common Downsian reasoning, rational voters should...

Persistent link: https://www.econbiz.de/10011108800

Recognizing Contributors: An Experiment on Public Goods

Samek, Anya; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2013

We experimentally investigate the impact of recognizing contributors on public good contributions. We vary recognizing all, highest or lowest contributors. Consistent with previous studies, recognizing all contributors significantly increases contributions relative to the baseline. Recognizing...

Persistent link: https://www.econbiz.de/10011112683

Information in Mechanism Design

Bergemann, Dirk; Välimäki, Juuso - C.E.P.R. Discussion Papers - 2006

We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We …. Second, we argue that in the presence of endogenous information, the robustness of the mechanism to the type space and higher …

Persistent link: https://www.econbiz.de/10005123850