Showing 1 - 10 of 111
This paper sheds light on a recent empirical controversy about the effect of competition on price discrimination in … sales that is more skewed towards low prices. We show that whether competition has a positive or a negative effect on the …
Persistent link: https://www.econbiz.de/10011257170
evidence for statistical discrimination in the standard no-competition setup of Coate and Loury (1993). When we introduce … competition between workers of different groups, the non-discrimination equilibrium ceases to be stable. In line with this … theoretical observation, we find systematic discrimination in the experimental treatment with competition. Nevertheless, a …
Persistent link: https://www.econbiz.de/10011256510
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/10011256565
This paper analyses the role of information in the search process. Ibuild a simple model of a good with two random …
Persistent link: https://www.econbiz.de/10011256740
This discussion paper led to a publication in <A href="http://www.sciencedirect.com/science/article/pii/S0014292111000912">'European Economic Review'</A>, 56(2) 216-32.<P>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...</p></a>
Persistent link: https://www.econbiz.de/10011256796
estimating risk exposure from cross-section data containing information on the means of financing health payments. We estimate …
Persistent link: https://www.econbiz.de/10011256913
Earlier studies on scheduling behavior have mostly ignored that consumers have more flexibility to adjust their schedule in the long run than in the short run. We introduce the distinction between long-run choices of travel routines and short-run choices of departure times, using data from a...
Persistent link: https://www.econbiz.de/10011256935
The collection of information necessary fordecision-making is often delegated to agents (e.g. bureaucrats … one cause yields full information collection atminimum costs. This provides a rationale for advocacy in politicaland … judicial systems. In this paper, we provide a rationale forthe sequential nature of information collection in advocacysystems …
Persistent link: https://www.econbiz.de/10011257104
This paper studies the internal organizational design of politicalinstitutions in presence of lobbying. We consider a legislature ascomposed of two bodies: the floor and an informational committee. Thefloor has the (formal) power to choose the policy to be implemented.The policy outcome is ex...
Persistent link: https://www.econbiz.de/10011257116
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/10011257146