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Distribution and Use of Knowledge Under the 'Laws of the Web'

Falkinger, Josef - 2021

Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a mass of producers and users of knowledge interact through a distribution medium. This paper considers the consequences of this fact for economic equilibrium analysis. In...

Persistent link: https://www.econbiz.de/10013316668

Learning and Information Transmission within Multinational Corporations

Chen, Cheng - 2020

We propose that multinational firms learn about their profitability in a particular market by observing their performance in nearby markets. We first develop a model of firm expectations formation with noisy signals from multiple markets and derive predictions on expectations formation and...

Persistent link: https://www.econbiz.de/10012825991

Long persuasion games

Forges, Françoise; Koessler, Frédéric - 2006

This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …

Persistent link: https://www.econbiz.de/10010273734

Robust Information Aggregation Through Voting

Midjord, Rune - 2019

Numerous theoretical studies have shown that information aggregation through voting is fragile. We consider a model of information aggregation with vote-contingent payoffs and generically characterize voting behavior in large committees. We use this characterization to identify the set of...

Persistent link: https://www.econbiz.de/10012866804

Market for Information and Selling Mechanisms

Bounie, David - 2020

We investigate the strategies of a data intermediary selling consumer information to firms for price discrimination purpose. We analyze how the mechanism through which the data intermediary sells information influences how much consumer information she will collect and sell to firms, and how it...

Persistent link: https://www.econbiz.de/10012832202

How Communication Makes the Difference between a Cartel and Tacit Collusion : A Machine Learning Approach

Andres, Maximilian; Bruttel, Lisa; Friedrichsen, Jana - 2022

This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free …-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit … sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …

Persistent link: https://www.econbiz.de/10014243096

Rotemberg and Imperfect Common Knowledge : A Solution Algorithm

Šauer, Radek - 2020

This paper develops an algorithm that enables to solve macroeconomic models with Rotemberg pricing and imperfect common knowledge. Under the concept of imperfect common knowledge, Rotemberg pricing requires the solution algorithm to take prices explicitly into account. The state space includes...

Persistent link: https://www.econbiz.de/10012841148

Signaling and Employer Learning with Instruments

Aryal, Gaurab - 2020

The social and the private returns to education differ when education can increase productivity, and also be used to signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and private returns to education within the employer learning...

Persistent link: https://www.econbiz.de/10012841583

Belief Elicitation : Limiting Truth Telling with Information or Incentives

Danz, David - 2020

Belief elicitation is central to inference on economic decision making. The recently introduced Binarized Scoring Rule (BSR) is heralded for its robustness to individuals holding risk averse preferences and for its superior performance when eliciting beliefs. Consequently, the BSR has become the...

Persistent link: https://www.econbiz.de/10012842970

Information, Asymmetric Incentives, or Withholding? Understanding the Self-Enforcement of Value-Added Tax

Waseem, Mazhar - 2019

During the period 1996-2000, the coverage of VAT in Pakistan rose by twenty times in terms of the number of firms in the tax net and by ten times in terms of the volume of transactions subject to it. This paper leverages this staggered introduction of VAT in the country to estimate its...

Persistent link: https://www.econbiz.de/10012866312

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