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Conflict and Deterrence under Strategic Risk
Chassang, Sylvain - 2008
obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk … deterrent effect under complete information, this does not hold anymore under strategic risk. Rather, we find that increases in …
Persistent link: https://www.econbiz.de/10012464685
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Technology, Information and the Decentralization of the Firm
Acemoglu, Daron - 2006
decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly … available information. However, the manager can use her informational advantage to make choices that are not in the best … interest of the principal. As the available public information about the specific technology increases, the trade-off shifts in …
Persistent link: https://www.econbiz.de/10012466463
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Antitrust and Regulation
Carlton, Dennis W. - 2007
Since the passage of the Interstate Commerce Act (1897) and the Sherman Act (1890), regulation and antitrust have operated as competing mechanisms to control competition. Regulation produced cross-subsidies and favors to special interests, but specified prices and rules of mandatory dealing....
Persistent link: https://www.econbiz.de/10012465754
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Biodiversity Finance
Flammer, Caroline; Giroux, Thomas; Heal, Geoffrey - National Bureau of Economic Research - 2023
The use of private capital to finance biodiversity conservation and restoration is a new practice in sustainable finance. This study sheds light on this new practice. First, we provide a conceptual framework that lays out how biodiversity can be financed by i) pure private capital and ii)...
Persistent link: https://www.econbiz.de/10014247943
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Market Design for the Environment
Cantillon, Estelle; Slechten, Aurélie - National Bureau of Economic Research - 2023
The main argument in favor of markets in environmental contexts is the same as in other contexts: their ability to promote efficient allocations and production. But environmental problems bring their own challenges: their underlying bio-physical processes - and the technologies to monitor them -...
Persistent link: https://www.econbiz.de/10014447308
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Data and Market Power
Eeckhout, Jan; Veldkamp, Laura - National Bureau of Economic Research - 2022
Might firms' use of data create market power? To explore this hypothesis, we craft a model in which economies of scale in data induce a data-rich firm to invest in producing at a lower marginal cost and larger scale. However, the model uncovers much richer interactions between data, welfare and...
Persistent link: https://www.econbiz.de/10013210050
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The Subjective Inflation Expectations of Households and Firms : Measurement, Determinants, and Implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - National Bureau of Economic Research - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013210074
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The Role of Advertisers and Platforms in Monetizing Misinformation : Descriptive and Experimental Evidence
Ahmad, Wajeeha; Sen, Ananya; Eesley, Charles E.; … - National Bureau of Economic Research - 2024
amplified by digital ad platforms that automatically distribute companies' ads across the web. Using an information provision … misinformation websites. We identify low-cost, scalable information-based interventions that digital platforms could implement to …
Persistent link: https://www.econbiz.de/10014512041
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Judging the Judges : Indexing of Complex Information Reduces Injustice
Caplin, Andrew; Gomberg, Andrei; Sadka, Joyce C. - National Bureau of Economic Research - 2024
to help judges quickly find relevant information. We made no other changes whatsoever. Our treatment greatly reduced …
Persistent link: https://www.econbiz.de/10014576616
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Exchange Rate Disconnect Revisited
Chahrour, Ryan; Cormun, Vito; De Leo, Pierre; … - National Bureau of Economic Research - 2024
We find that variation in expected U.S. productivity explains over half of U.S. dollar/G7 exchange rate fluctuations. Both correctly-anticipated changes in productivity and expectational noise, which influences the expectation of productivity but not its eventual realization, have large effects....
Persistent link: https://www.econbiz.de/10014576625