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Secrecy Rules and Exploratory Investment : Theory and Evidence from the Shale Boom
Covert, Thomas R.; Sweeney, Richard L. - National Bureau of Economic Research - 2022
We analyze how information disclosure policy affects investment efficiency in non-cooperative settings with information externalities. In a two-firm, two-period model, we characterize equilibrium behavior under policies which disclose whether investment returns exceed a predefined level. These...
Persistent link: https://www.econbiz.de/10013435110
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Dynamic Pricing Regulation and Welfare in Insurance Markets
Aizawa, Naoki; Ko, Ami - National Bureau of Economic Research - 2023
over time. This paper develops and estimates an equilibrium model with dynamic pricing and firm entry and uses it to … dynamic pricing regulation lowers social welfare as the benefit from improved premium stability is outweighed by the cost of … reduced insurer participation. The welfare loss from stricter dynamic pricing regulation could be mitigated if the government …
Persistent link: https://www.econbiz.de/10014226149
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Dynamic Collective Action and the Power of Large Numbers
Battaglini, Marco; Palfrey, Thomas R. - National Bureau of Economic Research - 2024
Collective action is a dynamic process where individuals in a group assess over time the benefits and costs of participating toward the success of a collective goal. Early participation improves the expectation of success and thus stimulates the subsequent participation of other individuals who...
Persistent link: https://www.econbiz.de/10014544751
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Information-Based Pricing in Specialized Lending
Blickle, Kristian; He, Zhiguo; Huang, Jing; Parlatore, … - National Bureau of Economic Research - 2024
We study specialized lending in a credit market competition model with private information. Two banks, equipped with …
Persistent link: https://www.econbiz.de/10014486246
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Privacy Elasticity : A (Hopefully) Useful New Concept
Dekel, Inbal; Cummings, Rachel; Heffetz, Ori; Ligett, … - National Bureau of Economic Research - 2024
Privacy considerations and their effects on behavior are becoming increasingly important. Yet the extremes of full and no privacy are rarely an option. How much does behavior change with small changes in privacy? Dekel et al. (2023) introduce the concept of privacy elasticity, the responsiveness...
Persistent link: https://www.econbiz.de/10015072845
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The Shifting Finance of Electricity Generation
Andonov, Aleksandar; Rauh, Joshua - National Bureau of Economic Research - 2024
Despite the incentives of incumbent domestic listed corporations (DLCs) in the electricity generation industry, private equity, institutional investors, and foreign corporations have played an outsized role in financing the energy transition. These new entrants are twice as likely to create...
Persistent link: https://www.econbiz.de/10014635696
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General Data Protection Regulation
Demirer, Mert; Jiménez Hernández, Diego; Li, Dean; … - National Bureau of Economic Research - 2024
's General Data Protection Regulation (GDPR) by using seven years of data from a large global cloud-computing provider. Our …
Persistent link: https://www.econbiz.de/10014486237
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A Model of Influencer Economy
Cong, Lin William; Li, Siguang - National Bureau of Economic Research - 2023
under-invest in consumer outreach to avoid exacerbating price competition. Finally, while requiring balanced seller …-influencer matching can encourage seller competition, uni-directional exclusivity can improve welfare for sufficiently differentiated …
Persistent link: https://www.econbiz.de/10014287344
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Adverse Selection as a Policy Instrument : Unraveling Climate Change
Cicala, Steve; Hémous, David; Olsen, Morten - National Bureau of Economic Research - 2022
This paper applies principles of adverse selection to overcome obstacles that prevent the implementation of Pigouvian policies to internalize externalities. Focusing on negative externalities from production (such as pollution), we consider settings in which aggregate emissions are known, but...
Persistent link: https://www.econbiz.de/10013334500
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Bayesian Persuasion with Lie Detection
Ederer, Florian; Min, Weicheng - National Bureau of Economic Research - 2022
How does lie detection constrain the potential for one person to persuade another to change her action? We consider a model of Bayesian persuasion in which the Receiver can detect lies with positive probability. We show that the Sender lies more when the lie detection probability increases. As...
Persistent link: https://www.econbiz.de/10013210093