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Price Discrimination in Markets for Experts' Services
Dulleck, Uwe; Kerschbamer, Rudolf - C.E.P.R. Discussion Papers - 2003
This Paper studies the consequences of price discrimination in a market for experts’ services. In the case of experts …
Persistent link: https://www.econbiz.de/10005504480
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Information Acquisition and Transparency in Committees
Gersbach, Hans; Hahn, Volker - C.E.P.R. Discussion Papers - 2008
We study a two-period model of committee decision-making where members differ in their levels of efficiency. They may acquire costly information that enhances their ability to make a correct decision. We focus on the impact of transparency. We show that the principal's initial utility is higher...
Persistent link: https://www.econbiz.de/10005788900
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On Doctors, Mechanics and Computer Specialists. Or Where are the Problems with Credence Goods?
Dulleck, Uwe; Kerschbamer, Rudolf - C.E.P.R. Discussion Papers - 2001
that the equilibrium behaviour of experts and consumers in credence goods markets sensitively depends on the details of the …
Persistent link: https://www.econbiz.de/10005791194
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Entrepreneurs and New Ideas
Biais, Bruno; Perotti, Enrico C - C.E.P.R. Discussion Papers - 2003
technically unfeasible or does not respond to a genuine customer need. To screen good ideas the entrepreneur needs to hire experts … complementary. In such cases the entrepreneur can form a partnership with the experts. Yet very valuable ideas cannot be shared …
Persistent link: https://www.econbiz.de/10005792312
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Experts vs Discounters: Competition and Market Unravelling When Consumers Do Not Know What they Need
Dulleck, Uwe; Kerschbamer, Rudolf - C.E.P.R. Discussion Papers - 2005
This paper studies price competition between experts and discounters in a market for credence goods. While experts can … giving any advice. The unobservability of diagnosis effort induces experts to use their tariffs as signaling devices. This … makes them vulnerable to competition by discounters. We explore the conditions under which experts survive competition by …
Persistent link: https://www.econbiz.de/10005792449
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Towards a Political Economy of Macroeconomic Thinking
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2011
fiscal policy and reject the hypothesized value of the multiplier. In some cases, autocoherence induces the experts to make …
Persistent link: https://www.econbiz.de/10009144736
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The possibility of ideological bias in structural macroeconomics models
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2011
This paper studies the trade-offs that an expert with ideological biases faces in designing his model. I assume the perceived model must be autocoherent, in that its use by all agents delivers a self-concerming equilibrium. The exercise is carried in the context of a simplified AS-AD model,...
Persistent link: https://www.econbiz.de/10009150948
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A DSGE Model of China
Dai, Li; Minford, Patrick; Zhou, Peng - C.E.P.R. Discussion Papers - 2014
We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping's reforms up until the crisis period. Bayesian ranking methods are heavily influenced by controversial priors on the degree of price/wage rigidity. When the overall models are tested...
Persistent link: https://www.econbiz.de/10011083573
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A DSGE Model of China
Dai, Li; Minford, Patrick; Zhou, Peng - C.E.P.R. Discussion Papers - 2014
We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping's reforms up until the crisis period. Bayesian ranking methods are heavily influenced by controversial priors on the degree of price/wage rigidity. When the overall models are tested...
Persistent link: https://www.econbiz.de/10011084701
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Evaluating An Estimated New Keynesian Small Open Economy Model
Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - C.E.P.R. Discussion Papers - 2007
This paper estimates and tests a new Keynesian small open economy model in the tradition of Christiano, Eichenbaum, and Evans (2005) and Smets and Wouters (2003) using Bayesian estimation techniques on Swedish data. To account for the switch to an inflation targeting regime in 1993 we allow for...
Persistent link: https://www.econbiz.de/10005661438