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1
Ties
Revelli, Federico
-
2019
-voter
theory
, we develop a model of costly instrumental voting in sequential elections with private information, where voters …
Persistent link: https://www.econbiz.de/10012864930
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2
Trade Costs, Market Access and Economic Geography : Why the Empirical Specification of Trade Costs Matters
Bosker, Erik Maarten
;
Garretsen, Harry
-
2021
Trade costs are crucial in new economic geography (NEG) models. The unavailability of actual trade costs data requires the approximation of trade costs. Most NEG studies do not deal with the ramifications of the particular trade costs specification used. This paper shows that the specification...
Persistent link: https://www.econbiz.de/10013316892
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3
A Simple Model of Buyer-Seller Networks in International Trade
Herkenhoff, Philipp
;
Krautheim, Sebastian
;
Sauré, Philip U.
-
2021
The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network. We propose a simplistic re-interpretation of the classical Krugman (1980) model that accounts for surprisingly many of the empirical regularities. This re-interpretation relies...
Persistent link: https://www.econbiz.de/10013224077
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4
On the Evolution of Market Institutions : The Platform Design Paradox
Alós-Ferrer, Carlos
;
Kirchsteiger, Georg
;
Walzl, Markus
-
2021
We study competition among market designers who create new trading platforms, when boundedly rational traders learn to select among them. We ask whether efficient platforms, leading to market - clearing trading outcomes, will dominate the market in the long run. If several market designers are...
Persistent link: https://www.econbiz.de/10013317023
Saved in:
5
Negative Intra-Group Externalities in Two-Sided Markets
Belleflamme, Paul
;
Toulemonde, Eric
-
2021
Two types of agents interact on a pre-existing free platform. Agents value positively the presence of agents of the other type but may value negatively the presence of agents of their own type. We ask whether a new platform can find fees and subsidies so as to divert agents from the existing...
Persistent link: https://www.econbiz.de/10013317024
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6
Supplier Encroachment with Mutual Outsourcing
Milliou, Chrysovalantou
;
Serfes, Konstantinos
-
2023
We examine the incentives and implications of supplier encroachment, when final good produc-tion requires the use of multiple complementary inputs and the entry of a supplier into the final good market gives rise to mutual outsourcing of inputs between the encroaching supplier and the incumbent....
Persistent link: https://www.econbiz.de/10014347224
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7
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
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8
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
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9
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
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10
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
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