Showing 1 - 10 of 958
subsidies, development rights, and cross-guarantees …
Persistent link: https://www.econbiz.de/10013334350
Concern exists that public funding of science is increasingly risk averse. Funders have addressed this concern by soliciting the submission of high-risk research to either regular or specially designed programs. Little evidence, however, has been gathered to examine the extent to which such...
Persistent link: https://www.econbiz.de/10013361975
Open banking (OB) empowers bank customers to share transaction data with fintechs and other banks. 49 countries have adopted OB policies. Consumer trust in fintechs predicts OB policy adoption and adoption spurs investment in fintechs. UK microdata shows that OB enables: i) consumers to access...
Persistent link: https://www.econbiz.de/10014468288
This paper develops a general equilibrium model to examine the role of information technology when intermediaries facilitate the origination and distribution of assets given information asymmetry. Information technology measures the informativeness of asset-quality signals received by...
Persistent link: https://www.econbiz.de/10014468252
Many authors argue that asymmetric information between the Federal Reserve and the public is important to the conduct and the effects of monetary policy. This paper tests for the existence of such asymmetric information by examining Federal Reserve and commercial inflation forecasts. We...
Persistent link: https://www.econbiz.de/10012473150
and 30% to education signaling workers' ability …
Persistent link: https://www.econbiz.de/10012479834
reputation may refrain from asking to avoid signaling low ability. Separately, low-ability individuals may feel inhibited even if … their ability is known and there is nothing to signal, an effect we term shame. Signaling and shame constitute an overall … is correlated with cognitive ability. The second arm allows us to assess the contributions of signaling and shame, and …
Persistent link: https://www.econbiz.de/10012480821
Choice screen auctions have been recently deployed in 31 European countries, allowing consumers to choose their preferred search engine on Google's Android platform instead of being automatically defaulted to Google's own search engine. I show that a seemingly minor detail in the design of these...
Persistent link: https://www.econbiz.de/10012482310
obtain higher prices by delaying trade. This paper provides some of the first evidence of a signaling mechanism through trade …
Persistent link: https://www.econbiz.de/10012453533
We study competitive equilibrium in a signaling economy with heterogeneously informed buyers. In terms of the classic … Spence (1973) model of job market signaling, firms have access to direct but imperfect information about worker types, in …. In equilibrium, some high type workers forgo signaling and are hired by better informed firms, who make positive profits …
Persistent link: https://www.econbiz.de/10012453894