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Credibility and Transparency of Central Banks: New Results Based on Ifo’s World Economicy Survey
Waller, Sandra; Haan, Jakob de - CESifo - 2004
This paper reports the results of a survey among private sector economists about credibility and transparency of … Survey to answer questions on the importance and determinants of credibility. The results of both surveys are very comparable …. Credibility is considered to be important to attain price stability at low cost, while the best ways to earn credibility are a …
Persistent link: https://www.econbiz.de/10005094291
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How a Firm Can Induce Legislators to Adopt a Bad Policy
Dahm, Matthias; Dur, Robert; Glazer, Amihai - CESifo - 2012
This paper shows why a majority of legislators may vote for a policy that benefits a firm but harms all legislators. The firm may induce legislators to support the policy by suggesting that it is more likely to invest in a district whose voters or representative support the policy. In...
Persistent link: https://www.econbiz.de/10010544187
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Does Membership in International Organizations Increase Governments’ Credibility? Testing the Effects of Delegating Powers
Dreher, Axel; Voigt, Stefan - CESifo - 2008
This paper analyzes whether nation-state governments can increase their credibility by becoming members of … international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have … organizations can improve the credibility of nation-state governments. This hypothesis is tested by introducing three new indicators …
Persistent link: https://www.econbiz.de/10005181427
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When Ignorance is Bliss - Information Asymmetries Enhance Prosocial Behavior in Dictator Games
Winschel, Evguenia; Zahn, Philipp - CESifo - 2014
In most laboratory experiments concerning prosocial behavior subjects are fully informed how their decision influences the payoff of other players. Outside the laboratory, however, individuals typically have to decide without such detailed knowledge. To assess the effect of information...
Persistent link: https://www.econbiz.de/10010877838
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Price Discrimination in Input Markets: Quantity Discounts and Private Information
Herweg, Fabian; Müller, Daniel - CESifo - 2013
We consider a monopolistic supplier’s optimal choice of wholesale tariffs when downstream firms are privately informed about their retail costs. Under discriminatory pricing, downstream firms that differ in their ex ante distribution of retail costs are offered different tariffs. Under uniform...
Persistent link: https://www.econbiz.de/10010877898
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To Commit or not to Commit? An Experimental Investigation of Pre-Commitments in Bargaining Situations with Asymmetric Information
Hoffmann, Sönke; Mihm, Benedikt; Weimann, Joachim - CESifo - 2014
In a recent paper Konrad and Thum (2014) present a model that shows that unilateral pre-commitment reduces the likelihood of agreement in bilateral negotiations over the provision of a public good when parties have private information over their contribution costs. We test the model in a...
Persistent link: https://www.econbiz.de/10010877951
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Donating Time or Money: Are they Substitutes or Complements?
Hartmann, Bastian; Werding, Martin - CESifo - 2012
Decisions to donate time or money for charitable purposes are typically seen as make-or-buy decisions, implying that there should be a clear distinction between individuals engaging in one of these two forms of giving and that this distinction should be somehow linked to opportunity costs. But...
Persistent link: https://www.econbiz.de/10010555695
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Optimum Commodity Taxation in Pooling Equilibria
Sheshinski, Eytan - CESifo - 2006
This paper extends the standard model of optimum commodity taxation (Ramsey (1927) and Diamond-Mirrlees (1971)) to a competitive economy in which some markets are inefficient due to asymmetric information. As in most insurance markets, consumers impose varying costs on suppliers but firms cannot...
Persistent link: https://www.econbiz.de/10005766269
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Taxation and Heterogeneous Preferences
Blomquist, Sören; Christiansen, Vidar - CESifo - 2004
Non-linear income taxes and linear commodity taxes are analysed when people differ with respect to ability, high-skilled agents have heterogeneous preferences, and neither individual abilities nor preferences are observable. The paper highlights how informational constraints may motivate...
Persistent link: https://www.econbiz.de/10005766278
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Public and Private Learning from Prices, Strategic Substitutability and Complementarity, and Equilibrium Multiplicity
Manzano, Carolina; Vives, Xavier - CESifo - 2010
We study a general static noisy rational expectations model, where investors have private information about asset payoffs, with common and private components, and about their own exposure to an aggregate risk factor, and derive conditions for existence and uniqueness (or multiplicity) of...
Persistent link: https://www.econbiz.de/10008511613