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The Mushroom Treatment: Information Suppression and Misrepresentation in Organizations
Croson, David C.; Weber, Thomas A. - Econometric Society - 2004
feeding them a steady diet of bull manure.â€? We develop a model of this practice of information suppression and … misrepresentation within organizations, wherein informed principals have an incentive to deliberately communicate degraded information … the principal can generally increase expected revenues by strategically controlling the timing of the information …
Persistent link: https://www.econbiz.de/10005130154
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TOPOLOGIES OF SOCIAL INTERACTIONS
Ioannides, Yannis M. - Econometric Society - 2004
We examine in this paper the role of an economy's social interaction structure, defined as a graph. Individuals care about the decisions of their neighbors. We extend the behavioral discrete-response rules along the lines of the interactive discrete choice model of Brock and Durlauf (2001) to...
Persistent link: https://www.econbiz.de/10005328995
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Risk Aversion and Income Tax Enforcement
Chander, Parkash - Econometric Society - 2004
This paper characterizes optimal income tax and audit schemes in the presence of costly enforcement when the agent is risk averse and not necessarily risk neutral. It is shown that the results under risk-neutrality (Chander and Wilde (1998)) largely hold under risk aversion. We first show that...
Persistent link: https://www.econbiz.de/10005342345
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Improvement in Information, Income Inequality, and Growth
Eckwert, Bernhard; Zilcha, Itzhak - Econometric Society - 2004
We analyze the importance of information about individual skills for understanding economic growth and income …) which screens all agents for their talents. We analyze how a better information system, which allows more efficient …
Persistent link: https://www.econbiz.de/10005129794
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R&D, Agency Costs and Capital Structure: International Evidence
Davidson, Sinclair; Brooks, Robert - Econometric Society - 2004
We examine the impact of R&D intensity and agency costs on the value of firms across 13 economies. We find that R&D adds value while high agency costs reduce value. R&D adds value, however, even when agency costs are high. We show that in those firms where agency costs are high and R&D intensity...
Persistent link: https://www.econbiz.de/10005063647
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Correlated Emissions Variability in Tradable Permit Markets with Imperfect Enforcement
Gangadharan, Lata; Cason, Timothy N. - Econometric Society - 2004
Unexpected variation in emissions can have an enormous impact on the prices of emission permits and the efficiency achieved in tradable permit markets. Shocks to emission levels can be correlated across firms; for example, most firms require more emission permits than planned for following a...
Persistent link: https://www.econbiz.de/10005063649
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Uncertainty and Resistance to Reform in Laboratory Participation Games
Mui, Vai-Lam; Cason, Timothy N. - Econometric Society - 2004
This paper presents a participation game experiment to study the impact of uncertainty and costly political participation on the incidence of reform. Fernandez and Rodrik (1991) show that uncertainty about who will ultimately gain or lose as a result of a reform can prevent its adoption. We...
Persistent link: https://www.econbiz.de/10005063656
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Competition and Consumer Confusion
Laibson, David; Gabaix, Xavier - Econometric Society - 2004
show that competition generally has a remarkably weak impact on markups. For normally distributed evaluation noise, we show … excess complexity. Educating consumers to reduce their evaluation noise would generate large welfare gains. But the gains …
Persistent link: https://www.econbiz.de/10005063732
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A Theoretical Foundation for Bilateral Matching Mechanisms
Aliprantis, C.D.; Camera, G. - Econometric Society - 2004
, this paper explains why and how various matching mechanisms generate different degrees of information isolation in the …
Persistent link: https://www.econbiz.de/10005063736
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Improvement in Information, Income Inequality, and Growth
Eckwert, Bernhard; Zilcha, Itzhak - Econometric Society - 2004
We analyze the importance of information about individual skills for understanding economic growth and income …) which screens all agents for their talents. We analyze how a better information system, which allows more efficient …
Persistent link: https://www.econbiz.de/10005702707