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The Effect of Deceptive Advertising on Consumption of the Advertised Good and its Substitutes: The Case of Over-the-Counter Weight Loss Products
Cawley, John; Avery, Rosemary; Eisenberg, Matthew - National Bureau of Economic Research (NBER) - 2013
This paper is the first to estimate the impact of exposure to deceptive advertising on consumption of the advertised … advertising is rampant and products are generally ineffective with potentially serious side effects. We control for the targeting … exposure to deceptive advertising is associated with a lower probability that women, and a higher probability that men, consume …
Persistent link: https://www.econbiz.de/10010618273
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An Introduction to Applicable Game Theory
Gibbons, Robert - National Bureau of Economic Research (NBER) - 1997
This paper offers an introduction to game theory for applied economists. I try to give simple definitions and intuitive examples of the basic kinds of games and their solution concepts. There are four kinds of games: static or dynamic, and complete or incomplete information. ( Complete...
Persistent link: https://www.econbiz.de/10005779015
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Socially Optimal Coordination: Characterization and Policy Implications
Angeletos, George-Marios; Pavan, Alessandro - National Bureau of Economic Research (NBER) - 2006
In recent years there has been a growing interest in macro models with heterogeneity in information and complementarity in actions. These models deliver promising positive properties, such as heightened inertia and volatility. But they also raise important normative questions, such as whether...
Persistent link: https://www.econbiz.de/10005049877
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Policy with Dispersed Information
Angeletos, George-Marios; Pavan, Alessandro - National Bureau of Economic Research (NBER) - 2007
This paper studies policy in a class of economies in which information about commonly-relevant fundamentals -- such as aggregate productivity and demand conditions -- is dispersed and can not be centralized by the government. In these economies, the decentralized use of information can fail to...
Persistent link: https://www.econbiz.de/10005580205
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Efficiency and Welfare with Complementarities and Asymmetric Information
Angeletos, George-Marios; Pavan, Alessandro - National Bureau of Economic Research (NBER) - 2005
This paper examines equilibrium and welfare in a tractable class of economies with externalities, strategic complementarity or substitutability, and incomplete information. In equilibrium, complementarity amplifies aggregate volatility by increasing the sensitivity of actions to public...
Persistent link: https://www.econbiz.de/10005580464
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Coordination and Policy Traps
Angeletos, George-Marios; Hellwig, Christian; Pavan, … - National Bureau of Economic Research (NBER) - 2003
This paper examines the ability of a policy maker to control equilibrium outcomes in an environment where market participants play a coordination game with information heterogeneity. We consider defense policies against speculative currency attacks in a model where speculators observe the...
Persistent link: https://www.econbiz.de/10005580557
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Inducing Leaders to Take Risky Decisions: Dismissal, Tenure, and Term Limits
Jackson, Matthew O.; Aghion, Philippe - National Bureau of Economic Research (NBER) - 2014
In this paper we analyze the problem of whether and/or when to replace a leader (agent) when no monetary rewards are available, and it is the leader's competence rather than effort that is being evaluated. The only decisions that the leader takes over time are whether to undertake risky but...
Persistent link: https://www.econbiz.de/10010796728
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Advertising, Reputation, and Environmental Stewardship: Evidence from the BP Oil Spill
Barrage, Lint; Chyn, Eric; Hastings, Justine - National Bureau of Economic Research (NBER) - 2014
advertising. We examine the period surrounding the BP oil spill and estimate how BP's pre-spill investment in "green advertising … large sample of U.S. retail gasoline stations, and market-level advertising expenditures during BP's 2000-2008 "Beyond … Petroleum" advertising campaign. We find evidence consistent with consumer punishment of BP in the months following the spill …
Persistent link: https://www.econbiz.de/10010950761
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Explaining International Differences in Entrepreneurship: The Role of Individual Characteristics and Regulatory Constraints
Ardagna, Silvia; Lusardi, Annamaria - National Bureau of Economic Research (NBER) - 2008
We use a micro dataset that collects information across individuals, countries, and time to investigate the determinants of entrepreneurial activity in thirty-seven developed and developing nations. We focus both on individual characteristics and on countries' regulatory differences. We show...
Persistent link: https://www.econbiz.de/10005722970
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Prospects for Improving U.S. Patent Quality via Post-grant Opposition
Hall, Bronwyn H; Graham, Stuart J.H.; Harhoff, Dietmar - National Bureau of Economic Research (NBER) - 2003
The recent surge in U.S. patenting and expansion of patentable subject matter has increased patent office backlogs and raised concerns that in some cases patents of insufficient quality or with inadequate search of prior art are being issued. At the same time patent litigation and its costs are...
Persistent link: https://www.econbiz.de/10005085013