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Quah, Danny - C.E.P.R. Discussion Papers - 2003

Digital goods are bit strings, sequences of 0s and 1s, that have economic value. They are distinguished from other goods by five characteristics: digital goods are non-rival, infinitely expansible, discrete, aspatial, and recombinant. The New Economy is one where the economics of digital goods...

Persistent link: https://www.econbiz.de/10005067419

Willpower and Personal Rules

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2002

This Paper studies the internal commitment mechanisms or ‘personal rules’ (diets, exercise regimens, resolutions, moral or religious precepts, etc.) through which people seek to achieve self-control. Our theory is based on the idea of self-reputation over one’s willpower, which potentially...

Persistent link: https://www.econbiz.de/10005136762

Belief in a Just World and Redistributive Politics

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2005

International surveys reveal wide differences between the views held in different countries concerning the causes of wealth or poverty and the extent to which people are responsible for their own fate. At the same time, social ethnographies and experiments by psychologists demonstrate...

Persistent link: https://www.econbiz.de/10005504312

Ideology

Bénabou, Roland - C.E.P.R. Discussion Papers - 2008

I develop a model of ideologies as collectively sustained (yet individually rational) distortions in beliefs concerning the proper scope of governments versus markets. In processing and interpreting signals of the efficacy of public and market provision of education, health insurance, pensions,...

Persistent link: https://www.econbiz.de/10005662410

Groupthink: Collective Delusions in Organizations and Markets

Bénabou, Roland - C.E.P.R. Discussion Papers - 2009

I develop a model of (individually rational) collective reality denial in groups, organizations and markets. Whether participants' tendencies toward wishful thinking reinforce or dampen each other is shown to hinge on a simple and novel mechanism. When an agent can expect to benefit from other's...

Persistent link: https://www.econbiz.de/10005666620

Seemingly Irrelevant Events Affect Perceptions and Expectations - The FIFA World Cup 2006 as a Natural Experiment

Dohmen, Thomas J; Falk, Armin; Huffman, David; Sunde, Uwe - C.E.P.R. Discussion Papers - 2006

Prominent economic theories have emphasized the role of commonly held perceptions and expectations for determining macroeconomic outcomes. A key empirical question is how such collectively held beliefs are formed. We use the FIFA World Cup 2006 as a natural experiment. We provide direct evidence...

Persistent link: https://www.econbiz.de/10005791748

Self Control in Peer Groups

Battaglini, Marco; Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2002

People with a self-control problem often seek relief through social interactions rather than binding commitments. Thus, in self-help groups like Alcoholics Anonymous, Narcotics Anonymous etc, members are said to achieve better personal outcomes by mainly sharing their experiences. In other...

Persistent link: https://www.econbiz.de/10005656406

Modelling Energy Demand and Household Welfare Using Micro-Data

Baker, Paul; Blundell, Richard William; Micklewright, John - C.E.P.R. Discussion Papers - 1987

The paper is concerned with the empirical modelling of domestic demand for energy in the United Kingdom at the level of …-stage budgeting model of the household's demand for energy conditional on its ownership of durables. Preferences at both stages of the … data has not been fully exploited in the analysis of energy demand to date. Unrestricted reduced-form estimates are …

Persistent link: https://www.econbiz.de/10005497752

Energy and Climate Change in China

Carraro, Carlo; Massetti, Emanuele - C.E.P.R. Discussion Papers - 2012

This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH …

Persistent link: https://www.econbiz.de/10011084331

First to “Read” the News: News Analytics and Institutional Trading

Keim, Donald B; Massa, Massimo; von Beschwitz, Bastian - C.E.P.R. Discussion Papers - 2015

We investigate whether providers of high frequency news analytics affect the stock market. As identification, we exploit a unique experiment based on differences in news event classifications between different product releases of a major provider of news analytics. We document a causal effect of...

Persistent link: https://www.econbiz.de/10011252620