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Biased
 Information 
and
 Effort
Rosaz, Julie - HAL - 2012
information at the principal's advantage, we test experimentally the principal's willingness to bias (overestimate or under …) principals do bias information, ii) agents trust the cheap-talk messages they receive and adjust their effort accordingly …
Persistent link: https://www.econbiz.de/10008790485
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Ambiguity on audits and cooperation in a public goods game
Dai, Zhixin; Hogarth, Robin M.; Villeval, Marie Claire - HAL - 2014
We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being...
Persistent link: https://www.econbiz.de/10010899359
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On the strategic use of representative democracy in international agreements
Rota-Graziosi, Grégoire - HAL - 2011
. We study three potential types of delegation: strong, weak or no delegation, this last case corresponding to a referendum … examine the consequences of ratification by referendum. We conclude that a Pareto improvement of the political integration … incorporate a formal ratification procedure, corresponding to an ex post referendum. …
Persistent link: https://www.econbiz.de/10008836791
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Earnings forecast bias - a statistical analysis
Michalon, Karine; Lardic, Sandrine; Dossou, François - HAL - 2005
well-known phenomenon, namely the existence of a positive bias in experts' anticipations: the latter tend to over …-estimate earnings. In this paper, we study the properties of this bias according to various aspects, that is to say according to country …
Persistent link: https://www.econbiz.de/10008788892
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Can earnings forecasts be improved by taking into account the forecast bias?
Dossou, François; Lardic, Sandrine; Michalon, Karine - HAL - 2008
The recent period has highlighted a well-known phenomenon, namely the existence of a positive bias in experts … contributions are twofold: we provide explanatory bias prediction models which will subsequently allow the calculation of earnings … adjusted forecasts, for horizons from 1 to 24 months. We explain the bias using macroeconomic as well as sector and firm …
Persistent link: https://www.econbiz.de/10008792953
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The Brazilian organic food sector: Prospects and constraints of facilitating the inclusion of smallholders
Blanc, Julien; Kledal, Paul - HAL - 2012
The Brazilian organic food sector has experienced important growth during the last two decades. Brazilian smallholders, however, are facing huge challenges to enter and benefit from this growth in a sustainable way. Combining the lens of New Institutional Economics and socio-anthropology, we...
Persistent link: https://www.econbiz.de/10010618110
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"No Strings Attached": Welcoming the Existential Gift in Business
Fremeaux, Sandrine; Michelson, Grant - HAL - 2011
Social relations are predominantly influenced by an exchange paradigm whereby the logic of reciprocity shapes behaviour. If the notion of exchange instrumentalism is common across different business disciplines, this does not deny attempts - such as through gift exchange theory - to present...
Persistent link: https://www.econbiz.de/10010820987
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Edgeworth and Lindahl-Foley equilibria of a general equilibrium model with private provision of pure public goods
Florenzano, Monique; Mercato, Elena L. Del - HAL - 2006
In this paper, we propose a definition of Edgeworth equilibrium for a private ownership production economy with (possibly infinitely) many private goods and a finite number of pure public goods. We show that Edgeworth equilibria exist whatever be the dimension of the private goods space, and can...
Persistent link: https://www.econbiz.de/10010750403
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Bargaining over public goods
Davila, Julio; Eeckhout, Jan; Martinelli, César - HAL - 2008
In a simple public good economy, we propose a natural bargaining procedure whose equilibria converge to Lindahl allocations as the cost of bargaining vanishes. The procedure splits the decision over the allocation in a decision about personalized prices and a decision about output levels for the...
Persistent link: https://www.econbiz.de/10010750409
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General equilibrium
Florenzano, Monique - HAL - 2007
Unlike partial equilibrium analysis which study the equilibrium of a particular market under the clause "ceteris paribus" that revenues and prices on the other markets stay approximately unaffected, the ambition of a general equilibrium model is to analyze the simultaneous equilibrium in all...
Persistent link: https://www.econbiz.de/10010750449