Showing 1 - 10 of 48
In a world where rational individuals may hold different prior beliefs, a sender can influence the behavior of a receiver by controlling the informativeness of a signal. We characterize the set of distributions of posterior beliefs that can be induced by a signal, and provide necessary and...
Persistent link: https://www.econbiz.de/10011126024
Dual system and dual process views of the human mind have contrasted automatic, fast, and non-conscious with controlled, slow, and conscious thinking. This paper integrates duality models from the perspective of consumer psychology by identifying three relevant theoretical strands: Persuasion...
Persistent link: https://www.econbiz.de/10011126470
This paper presents a game theoretic analysis of the generalized second-price auction that the company Overture operated in 2004 to sell sponsored search listings on search engines. We construct a model that embodies few prior assumptions about parameters, and we present results that indicate...
Persistent link: https://www.econbiz.de/10011126718
This paper argues that existing models of urban concentrations are incomplete unless grounded in the most fundamental aspect of proximity; face-to-face contact. Face-to-face contact has four main features; it is an efficient communication technology; it can help solve incentive problems; it can...
Persistent link: https://www.econbiz.de/10010884650
perform. Globalisation occurs in two distinct phases, leading to the agglomeration of an industry (manufacturing) in the first …. Because of agglomeration effects, the increase in relative endowment of a factor may increase its relative wages, leading to …
Persistent link: https://www.econbiz.de/10010928749
There is a substantial empirical literature quantifying the positive relationship between city size and productivity. The paper draws out the implications of this productivity relationship for evaluations of urban transport improvements. A theoretical model is developed and used to derive a...
Persistent link: https://www.econbiz.de/10010745008
cluster together, turning location into a self-reinforcing process. However, agglomeration raises the price of immobile local …
Persistent link: https://www.econbiz.de/10010745164
When firms cluster in the same local labor market, they face a trade-off between the benefits of labor pooling (i.e., access to workers whose knowledge help reduce costs) and the costs of labor poaching (i.e., loss of some key workers to competition and the indirect effect of a higher wage bill...
Persistent link: https://www.econbiz.de/10010745267
agglomeration. However, the nature of those benefits remains unclear. In this paper we take advantage of a new dataset to quantify …
Persistent link: https://www.econbiz.de/10010745550
the agglomeration of increasing returns activities. When workers migrate towards locations with more firms and higher real … wages, this intensifies agglomeration. When instead workers do not move across regions, further reductions in transport …
Persistent link: https://www.econbiz.de/10010745635