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, lawyers). If both the pros and cons of a decision have to be examined, it is better to use competing agents instead of a …
Persistent link: https://www.econbiz.de/10005144480
relatively small 'home' country and a large 'foreign' country. It compares the economic performance of two alternative tax … indicators. It is argued that producers' reluctance to incur costs up-front while being uncertain about product prices can …
Persistent link: https://www.econbiz.de/10005144436
the best of our knowledge, these salient questions have received scant attention in the literature. Consequently, we use …
Persistent link: https://www.econbiz.de/10005144457
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
of a study is also affected by the type of data used in a primary study. Although it is clear that meta-analysis cannot …
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 … most limiting forms. The model developed in the paper can be applied both to organizations and to individuals. It can serve …
Persistent link: https://www.econbiz.de/10005137327
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 setting a price just low enough for it to bind, the firm can fool … certain naive consumers into believing that demand is greater than it actually is. This will in turn increase the willingness …
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