Similar Search Results

Measuring the Economic Impact of Monetary Union: The Case of Okinawa

Takagi, Shinji; Shintani, Mototsugu; Okamoto, Tetsuro - Vanderbilt University Department of Economics - 2003

Data from Okinawa's monetary union with the United States in 1958 and with Japan in 1972 are used to obtain a quantitative indication of how monetary union might affect the behavior of nominal and real shocks across two economies. With monetary union, the variance of the real exchange rate...

Persistent link: https://www.econbiz.de/10005585299

The Effect of Third-Party Funding of Plaintiffs on Settlement

Daughety, Andrew; Reinganum, Jennifer - Vanderbilt University Department of Economics - 2014

A significant policy concern about the emerging plaintiff legal funding industry is that loans will undermine settlement. When the plaintiff has private information about damages, we find that the optimal (plaintiff-funder) loan induces all plaintiff types to make the same demand, resulting in...

Persistent link: https://www.econbiz.de/10011261645

Search, Bargaining, And Agency in the Market for Legal Services

Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2011

equilibrium the first lawyer visited demands a higher contingent fee for lower-valued cases, signaling the caseï¿½s value to the …

Persistent link: https://www.econbiz.de/10009320347

Clients, Lawyers, Second Opinions, and Agency

Daughtey, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2010

equilibrium the first lawyer visited demands a higher contingent fee for lower-valued cases, signaling the caseï¿½s value to the …

Persistent link: https://www.econbiz.de/10008692911

The effect of third-party funding of plaintiffs on settlement

Daughety, Andrew; Reinganum, Jennifer - Vanderbilt University Department of Economics - 2013

In this paper we use a signaling model to analyze the effect of (endogenously-determined) third-party non …

Persistent link: https://www.econbiz.de/10010610155

Imperfect Competition and Quality Signaling

Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2005

We examine the interplay of imperfect competition and incomplete information in the context of price competition among firms producing horizontally- and vertically-differentiated substitute products. We find that incomplete information about vertical quality (e.g., consumer satisfaction) that is...

Persistent link: https://www.econbiz.de/10005459269

Hidden Talents: Partnerships with Pareto-Improving Private Information

Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2006

paper we show that the combination of multi-agent simultaneous signaling of private information, and the nature of the … commitment to provide greater effort. We find that this non-cooperative, simultaneous signaling need not be wasteful, and can …

Persistent link: https://www.econbiz.de/10005752717

Communicating Quality: A Unified Model of Disclosure and Signaling

Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2007

through a credible direct claim; 2) signaling of quality via producer actions that influence buyersÕ beliefs about quality. In … general, these two literatures have ignored one-another. In this paper we argue that disclosure and signaling are two sides of … integration of these two alternatives leads to a number of new implications about disclosure, signaling, firm preferences over …

Persistent link: https://www.econbiz.de/10005752756

Privacy, Publicity, and Choice

Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2008

We develop and explore a new model of the economics of privacy. Previous work has focused on "privacy of type," wherein an agent privately knows an immutable characteristic. We consider "privacy of action," wherein privacy means that an agent's choice of action is unobservable to others. To show...

Persistent link: https://www.econbiz.de/10005595886

Products Liability, Signaling and Disclosure

Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2006

costs that would induce a high-safety firm to choose disclosure over signaling. When the firmï¿½s full marginal cost is …

Persistent link: https://www.econbiz.de/10005595892