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
Many prior treatments of agglomeration either explicitly or implicitly suppose that all industries agglomerate for the … approach is the extrapolation of the agglomeration experience of one key sector or cluster to the larger economy. Another is … the pooling of data to look at common tendencies in agglomeration. This paper uses UK establishment level data on …
Persistent link: https://www.econbiz.de/10011125900
This paper is concerned with the urban wage premium and addresses two central issues about which the field has not yet reached a consensus. First, the extent to which sorting of high ability individuals into urban areas explains the urban wage premium. Second, whether workers receive this wage...
Persistent link: https://www.econbiz.de/10011126184
This paper investigates agglomeration economies in an annual panel of NUTS 2 and NUTS 3 city regions across France … over time. We uncover evidence of long run agglomeration effects of around 6% for NUTS 2 and NUTS 3 city regions for the …
Persistent link: https://www.econbiz.de/10011126273
This paper develops a quantitative model of city structure to separate agglomeration forces, dispersion forces and …
Persistent link: https://www.econbiz.de/10011126549
We identify the impact of local firm concentration on incumbent performance with a quasi natural experiment. When Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent expropriation. We show that the regional location decisions...
Persistent link: https://www.econbiz.de/10011126565
This paper is concerned with the urban wage premium and addresses two central issues about which the field has not yet reached a consensus: first, the extent to which sorting of high ability individuals into urban areas explains the urban wage premium and second, whether workers receive this...
Persistent link: https://www.econbiz.de/10011126674
Higher ability workers benefit more from bigger cities while housing costs there are higher for everyone, and yet there is little sorting on ability. A possible explanation is that young individuals have an imperfect assessment of their ability, and, when they learn about it, early decisions...
Persistent link: https://www.econbiz.de/10011126686