Showing 1 - 10 of 75
This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a relatively small 'home' country and a large 'foreign' country. It compares the economic performance of two alternative tax systems as a means to finance unemployment benefits: a...
Persistent link: https://www.econbiz.de/10005144436
Goods are often allocated publically by means of queuing processes in developing countries. In such situations, which group of citizens should a corrupt government official favor? In addition, what should be the basis for this favoritism? To the best of our knowledge, these salient questions...
Persistent link: https://www.econbiz.de/10005144457
The collection of information necessary for decision-making is often delegated to agents (e.g. bureaucrats, advisors … single agent. The reason is that two conflicting pieces of information cancel each other out. Using two agents, each … searching for one cause yields full information collection at minimum costs. This provides a rationale for advocacy in political …
Persistent link: https://www.econbiz.de/10005144480
This paper analyses the role of information in the search process. I …
Persistent link: https://www.econbiz.de/10008531424
In this paper we analyze a large sample of individual responses to six lottery questions. We
Persistent link: https://www.econbiz.de/10005137004
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since the outcomes of primary studies are largely incomparable with respect to the magnitude of the effect, our analysis focuses on the direction and statistical significance of the...
Persistent link: https://www.econbiz.de/10005137096
This paper studies the internal organizational design of political institutions in presence of lobbying. We consider a legislature as composed of two bodies: the floor and an informational committee. The floor has the (formal) power to choose the policy to be implemented. The policy outcome is...
Persistent link: https://www.econbiz.de/10005137098
The paper studies information processing imperfections in a fully rational decision-making network. It is shown that … imperfect information transmission and imperfect information acquisition in a multi-stage selection game yield information …
Persistent link: https://www.econbiz.de/10005137327
This paper examines how a firm can strategically choose its capacity to manipulate consumer beliefs about aggregate demand. It looks at a market with social effects where consumers want to do what is popular, to buy what they believe others want to buy. By imposing a capacity constraint and...
Persistent link: https://www.econbiz.de/10008838601
Recent research has shown that the standard labor market matching model fails to match the dynamics of US data. In particular, the model lacks sufficient propagation of shocks. This paper shows that refining the informational structure of the model leads to significant improvements along this...
Persistent link: https://www.econbiz.de/10008838623