Provider competition is a currently popular healthcare reform model. A necessary condition for greater competition to … improve quality is that providers will face higher demand if they improve their quality. We test this crucial assumption in an …

viewpoint. Since the move towards more transparency, a lot of research on its effects has been carried out. First, we show how … investigating several, more recent, research strands (e.g. coordination and learning). Then, we summarize the empirical literature … which has been growing more recently. Last, we discuss whether: i) the empirical research resolves all theoretical question …

We survey theoretical developments in the literature on the limits of arbitrage. This literature investigates how costs … faced by arbitrageurs can prevent them from eliminating mispricings and providing liquidity to other investors. Research in … for asset prices. This research has the potential to explain so-called "market anomalies" and inform welfare and policy …

household survey on the European Central Bank’s transparency. To benefit from higher transparency perceptions the European …

survey data is limited by measurement error and by the questionability of their behavioural relevance. Here we present a … interaction among the participants, with a survey of non-interacting respondents in a smooth and inexpensive way. We illustrate … the power of our approach with the analysis of trust and trustworthiness in Germany by combining representative survey …

markets that welcome innovation, while Europe remains under the control of corporatist institutions that dampen competition …

This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …