Showing 1 - 10 of 129
provision or cheap talk, and competition inherent to social media may incentivize participants to either process better …, we find evidence that social media can be informative about future stock returns but that competition distorts opinions … rather than encouraging participants to process better information. In particular, competition induces exaggerated negative …
Persistent link: https://www.econbiz.de/10011196033
Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption....
Persistent link: https://www.econbiz.de/10005504401
We investigate how vertical unity within a community interacts with horizontal class divisions of an unequal income … distribution. Community is conceptualized in terms of a public good to which all those in the community have equal access, but from … communities. Ideologies of community solidarity may well trump those of class solidarity because of the implicit sharing of …
Persistent link: https://www.econbiz.de/10005666575
There has been a wide-spread belief that elections with a wide franchise following removal of an oppressive dictator lead to establishment of a government that is not vulnerable to mass protest. At the same time, most of the post-World War II non-constitutional exits of recently-installed...
Persistent link: https://www.econbiz.de/10011084185
We study a consumer boycott on cottage cheese that was organized in Israel on Facebook in the summer of 2011 following a steep increase in prices after price controls were lifted in 2006. The boycott led to an immediate decline in prices which stayed low more than three years after the boycott....
Persistent link: https://www.econbiz.de/10011186620
foreign and domestic competition, the consequences of soft budgets, and the role of managerial incentives and managerial human …
Persistent link: https://www.econbiz.de/10005504282
government regulation may reduce transaction costs, intensifying the competition associated with a given market structure, and we …
Persistent link: https://www.econbiz.de/10005504465
Using a new data set of the telecommunications sector on privatization (1981-98 for 167 countries) and competition …
Persistent link: https://www.econbiz.de/10005504478
We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … drops to the minimum level in steady state, implying that quality competition is effectively eliminated. In this case …, static models tend to exaggerate the positive effect of competition on quality. Our results can explain the mixed empirical …
Persistent link: https://www.econbiz.de/10005504502
competition is shown to have a stimulating effect on growth. Indeed, by reducing the amount of slack a manager can afford while … keeping his firm alive, competition, combined with the threat of liquidation acts as a disciplinary device which fosters … this growth-enhancing effect of competition. …
Persistent link: https://www.econbiz.de/10005504632