Showing 1 - 10 of 58
In recent decades, Chinese researchers have become preeminent contributors to the scientific enterprise, as reflected by the number of publications originating from Chinese research institutions. China's rise in science has the potential to push forward the global frontier, but mere production...
Persistent link: https://www.econbiz.de/10013477264
In this paper, we examine the empirical implications of reputation formation using a game-theoretic model of intra …-familial interactions. We consider parental reputation in repeated two-stage games in which daughters' decision to have a child as a … work of Milgrom and Roberts (1982) and Kreps and Wilson (1982) on reputation in repeated games, we show that parents have …
Persistent link: https://www.econbiz.de/10012471097
Both individual experiences and community characteristics influence how much people trust each other. Using data drawn from US localities we find that the strongest factors that reduce trust are: i) a recent history of traumatic experiences, even though the passage of time reduces this effect...
Persistent link: https://www.econbiz.de/10012471150
Do politicians tend to follow a strategy of ambiguity in their policy positions or a strategy of reputational development to reduce uncertainty about where they stand? Ambiguity could allow a legislator to avoid alienating constituents and to play rival interests off against each other to...
Persistent link: https://www.econbiz.de/10012471301
We define and study transparency, credibility, and reputation in a model where the central bank's characteristics are … the sense that it induces lower inflation and employment than expected. Increased transparency makes the bank's reputation …
Persistent link: https://www.econbiz.de/10012472353
rate of return by saving abroad. Bulow and Rogoff conjecture that, even under condition (ii), in more general reputation … models with multiple relationships and spillover across them, reputation may support debt. This paper shows what is needed …
Persistent link: https://www.econbiz.de/10012473373
I develop a model in which sovereign debtors repay debt in order to maintain a reputation for repayment. Repayment …
Persistent link: https://www.econbiz.de/10012475607
When governments choose trade policy, rarely do they have complete information, At the time decisions are made, policy makers have only estimates of market responses, as well as the responses of foreign governments. In many realistic situations, even the policy objectives of other governments...
Persistent link: https://www.econbiz.de/10012476089
This paper examines the effect that the coexistence of small and large banks, with different interests in the international market, has on the debt renegotiation process. Making use of a reputational model, we argue that the presence of small banks implies that debtor countries have a harder...
Persistent link: https://www.econbiz.de/10012476357
Although tax policy in most historical cases has been barely distinguishable from legalized theft, why have tax and spending policies in a few unusually fortunate communities, such as some of the modern democracies, apparently been, if not welfare maximizing, at least relatively benevolent? We...
Persistent link: https://www.econbiz.de/10012476368