Narrow search
Showing 1 - 10 of 137
Cover Image
Threat of Dismissal: Incentive or Sorting?
Kwon, Illoong - Econometric Society - 2004
methodology to distinguish between these two explanations. The methodology rests on the learning-by-doing and the changes in the …
Persistent link: https://www.econbiz.de/10005130197
Cover Image
Asymmetric Information, Stock Returns and Monetary Policy: A Theoretical and Empirical Analysis
Tas, Bedri Kamil Onur - Econometric Society - 2004
the information and learning dynamics between the Federal Reserve and a representative investor. Stock prices react to …
Persistent link: https://www.econbiz.de/10005130171
Cover Image
General Rationalizability and Its Robustness for Strategic Form Games with Incomplete Information
Hu, Tai-Wei - Econometric Society - 2004
We extend the $\Delta$-rationalizability (see Battigalli and Siniscalchi 2003) to infinite strategic form games with incomplete information. The most important feature of the $\Delta$-rationalizability is that there is no specified epistemic type space \`{a} la Harsanyi. However, we can impose a...
Persistent link: https://www.econbiz.de/10005702725
Cover Image
Price screening with network effects and entry deterrence
Sundararajan, Arun - Econometric Society - 2004
This paper presents a model of price screening for goods with network effects, by a monopoly seller, and by an entry-deterring monopolist. These products are used in variable quantities by heterogeneous customers, the magnitude of network effects is influenced by gross consumption, rather than...
Persistent link: https://www.econbiz.de/10005702636
Cover Image
Optimal Job Design and Career Dynamics in the Presence of Uncertainty
Pastorino, Elena - Econometric Society - 2004
The paper studies a learning model in which information about a worker's ability can be acquired symmetrically by the … tasks, provide a sufficiently accurate measure of ability. We then examine the strategic effects of the dynamics of learning …
Persistent link: https://www.econbiz.de/10005063711
Cover Image
Optimum Consumption and Portfolio Allocations under Incomplete Information
Roche, Herve - Econometric Society - 2004
We solve in closed form the optimal consumption / portfolio choice problem for the class of isoelastic utility functions under incomplete information about the mean return of the stock price. Our approach consists in converting the original investor's problem into an equivalent program where the...
Persistent link: https://www.econbiz.de/10005129785
Cover Image
Organizational Learning: An Experimental Study
Franco, April; Blume, Andreas; Duffy, John - Econometric Society - 2004
In this paper we experimentally investigate decentralized, organizational learning. The main objective is to understand … how learning members of an organization cope with the confounding effects of the simultaneous learning of others. We use … versions of a simple "success-or-failure" game due to Blume and Franco [2003] as our stylized model of organizational learning …
Persistent link: https://www.econbiz.de/10005342236
Cover Image
Punitive Damage Awards, Frivolous Lawsuits and Firm’s Level of Care
Nikitin, Maxim; Landeo, Claudia M. - Econometric Society - 2004
Punitive damage awards have been widely criticized for generating a plaintiff’s windfall (i.e., a payment in excess of the costs of pursuing the punitive claim), which promotes unnecessary litigation, the escalation of liability insurance premiums and over-deterrence. In an attempt to...
Persistent link: https://www.econbiz.de/10005063694
Cover Image
Deterrence, Lawsuits and Litigation Outcomes under Agency Problems and Court Errors
Landeo, Claudia M.; Nikitin, Maxim - Econometric Society - 2004
Punitive damage awards have been widely criticized for their unpredictability (2004 Economic Report of the President) and for generating a plaintiff’s windfall (i.e., a payment in excess of the costs of pursuing the punitive claim), which promotes unnecessary litigation (Dodson, 2000),...
Persistent link: https://www.econbiz.de/10005699597
Cover Image
Split-Award Tort Reform, Firm's Level of Care and Litigation Outcomes
Nikitin, Maxim; Landeo, Claudia M. - Econometric Society - 2004
In an attempt to reduce the liability insurance costs of firms, several US states have implemented many different kinds of tort reform. Some reforms take the form of caps or limits on punitive damage awards while others have mandated that a proportion of the award be allocated to the plaintiff...
Persistent link: https://www.econbiz.de/10005699599