Narrow search
Showing 1 - 10 of 1,863
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Asset Diversification Versus Climate Action
Hambel, Christoph - 2020
. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon …
Persistent link: https://www.econbiz.de/10012825992
Cover Image
Does Energy Diversification Cause an Economic Slowdown? Evidence from a Newly Constructed Energy Diversification Index
Gozgor, Giray; Paramati, Sudharshan Reddy - 2021
system. Given this backdrop, this study introduces a new measure of energy diversification. It explores its impact on … economic growth with increasing long-run energy diversification. However, some countries (OECD and G20) experience negative … economic growth due to energy diversification in the short term. The results also disclosed that energy diversification does …
Persistent link: https://www.econbiz.de/10013215675
Cover Image
Distribution and use of knowledge under the laws of the web
Falkinger, Josef - 2007
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/10010264254
Cover Image
The Herodotus Paradox
Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 2010
The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for the two-player case with complete and incomplete...
Persistent link: https://www.econbiz.de/10010272937
Cover Image
International trade and retailing
Eckel, Carsten - 2009
The New Trade Theory predicts that international trade lowers prices for consumers and expands the choices available to …
Persistent link: https://www.econbiz.de/10010264598
Cover Image
Optimal asset allocation with factor models for large portfolios
Pesaran, Mohammad Hashem; Zaffaroni, Paolo - 2008
This paper characterizes the asymptotic behaviour, as the number of assets gets arbitrarily large, of the portfolio weights for the class of tangency portfolios belonging to the Markowitz paradigm. It is assumed that the joint distribution of asset returns is characterized by a general factor...
Persistent link: https://www.econbiz.de/10010276224
Cover Image
Bank competition, asset allocations and risk of failure: An empirical investigation
Boyd, John; De Nicolò, Gianni; Jalal, Abu M. - 2010
This study is an empirical investigation of theoretical predictions concerning the impact of bank competition on bank risk and asset allocations. Recent work (Boyd, De Nicolò and Jalal, 2009, BDNJ henceforth) predicts that as competition in banking increases, the loan-to-asset ratio will rise...
Persistent link: https://www.econbiz.de/10010274944