Showing 1 - 10 of 63
This paper analyses how the scoring systems actually and potentially used in a variety of sports and games affect the suspense they can generate. The experimental method relies on several Monte Carlo simulations applied on a comparative basis to basketball, table tennis and tennis. Results show...
Persistent link: https://www.econbiz.de/10010820794
This article explores the main determinants of the hazard of recidivism among ex-prisoners. We use a nationally … results confirm the importance of gender, age, nationality, access to employment and prior convictions on recidivism within … five years after release from prison. We also find significant differences in hazards of recidivism by type of initial …
Persistent link: https://www.econbiz.de/10010821106
all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … either communication strategy. This paper, however, makes a case for partial transparency rather than partial publicity …
Persistent link: https://www.econbiz.de/10009399195
This article analyses the effects of economic transparency on the optimal monetary policy in an economy affected by … the economy. Transparency is optimal as long as the central bank does not weight the stabilisation of the output gap too …
Persistent link: https://www.econbiz.de/10010899271
This paper examines firms' incentives to commit to a transparent behavior (that precludes bribery) in a competitive procedure modeled as an asymmetric information beauty contest managed by a corrupt agent. In his evaluation of firms' offers for a public contract the agent has some discretion to...
Persistent link: https://www.econbiz.de/10010738742
increasing the probability of a financial crisis, and therefore provides an additional argument in favor of transparency in the …
Persistent link: https://www.econbiz.de/10010739015
Using Benford's Law, we find evidence supporting the hypothesis that countries at times misreport their economic data strategically. We group countries with similar economic conditions and find that for countries with fixed exchange rate regimes, high negative net foreign asset positions,...
Persistent link: https://www.econbiz.de/10010721179
The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …
Persistent link: https://www.econbiz.de/10008790685
The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …
Persistent link: https://www.econbiz.de/10008792045
The notion of transparency is widely used as an analytical tool and as a guideline to propose and enforce new … configurations of economic life. Focusing on several transparency-making devices, this paper tries to explore both the pervasiveness … of this notion and its ambivalence in a number of relevant sites. We begin by exploring the deployment of transparency in …
Persistent link: https://www.econbiz.de/10008792428