Showing 1 - 10 of 44
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
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
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
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
This paper analyzes the impact of juvenile arrest, charge, conviction, and incarceration on an individual's propensity to graduate high school before the age of 20. The analysis is conducted using data from the NLSY97. I control for a large set of observable characteristics, including...
Persistent link: https://www.econbiz.de/10005342265
Este trabajo entrega contundente evidencia de que la criminalidad en Chile presenta una alta persistencia. No obstante lo anterior, existe un conjunto de variables socio económicas que explican la evolución de la mayoría de los crímenes de connotación pública en Chile durante la década de...
Persistent link: https://www.econbiz.de/10005129801
Abstract: We examine the effects of a government’s sensitivity to its tax revenues, earned from the software industry, on its anti-piracy policies that consists of monitoring and penalizing a commercial software pirate. We consider a strategic entry-deterrence framework where the original...
Persistent link: https://www.econbiz.de/10005130151
This paper examines causes of the persistence of corruption among elected politicians in democracies. We study a theoretical model of competition between two candidates who differ both in ability and popularity in a probabilistic voting setup. Each candidate proposes a tax rate and a public good...
Persistent link: https://www.econbiz.de/10005130207
One type of regulation that has recently started to attract the attention of policymakers regarding artisanal fisheries is that of Territorial Use Rights (commonly known as TURFs in the literature). TURFs basically consist in the allocation of fishing rights to individuals and/or groups to fish...
Persistent link: https://www.econbiz.de/10005063544
We analyze the compliance behavior of the small-scale fishery boat-owners of the Galapagos Marine Reserve. Our empirical analysis considers aspects related to the participatory management system of the reserve as determinant factors of the decision to violate the regulations. The econometric...
Persistent link: https://www.econbiz.de/10005063572