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This paper reports the results from a laboratory experiment investigating a manager's decision whether or not to …
Persistent link: https://www.econbiz.de/10011526127
An important feature of bond markets is the relationship between initial public offering prices and the probability of the issuer defaulting. First, this probability affects the bond prices. Second, IPO prices determine the default probability. Though market equilibrium has been shown to predict...
Persistent link: https://www.econbiz.de/10011526136
choice experiments. The main interest of this paper is VOSL sensitivity to the valuation of correlated risks (scope effect …). Besides, we explore the role of cognition on the stability of valuation across choice experiments using age and education. We … pool data from multiple choice experiments and apply nested and mixed logit models in our analysis. We confirm …
Persistent link: https://www.econbiz.de/10014170201
generating performance inequality. In an incentivized online experiment, impartial spectators can redistribute the earnings that …
Persistent link: https://www.econbiz.de/10014547697
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-scale experiment was setup where in 2 of the 26 Dutch regions case workers of the disability insurance administration were instructed …
Persistent link: https://www.econbiz.de/10010325318
A Direct Monte Carlo (DMC) approach is introduced for posterior simulation in theInstrumental Variables (IV) model with one possibly endogenous regressor, multipleinstruments and Gaussian errors under a flat prior. This DMC method can also beapplied in an IV model (with one or multiple...
Persistent link: https://www.econbiz.de/10010326547