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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
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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
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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
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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
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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
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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
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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
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On the Discretion of Adjudicators
Shavell, Steven - Econometric Society - 2004
A possible view of the role of an adjudicator is that it is to obtain the information that is needed to apply a well-articulated legal rule. That is, the task of an adjudicator in a case is to gather and verify the information that is called for to employ a legal rule, but that once the required...
Persistent link: https://www.econbiz.de/10005342203
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Coalition Formation and Asymmetric Information in a Legislative Bargaining Game
Tsai, Tsung-Sheng - Econometric Society - 2004
To investigate players' incentives in coalition formation, we consider a legislative bargaining game with asymmetric information about time preferences. The force that does not exist in usual bargaining games with unanimity is that due to majority rule, if a player signals himself as the patient...
Persistent link: https://www.econbiz.de/10005342329
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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