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The Null Result Penalty
Chopra, Felix; Haaland, Ingar; Roth, Christopher; … - 2022
We examine how the evaluation of research studies in economics depends on whether a study yielded a null result. Studies with null results are perceived to be less publishable, of lower quality, less important, and less precisely estimated than studies with significant results, even when holding...
Persistent link: https://www.econbiz.de/10014082791
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Deviant or Wrong? The Effects of Norm Information on the Efficacy of Punishment
Bicchieri, Cristina; Dimant, Eugen; Xiao, Erte - 2021
Research examining the effect of weak punishment on conformity indicates that punishment can backfire and lead to … of social norms and their interplay with weak punishment in the context of a trust game. Across six conditions, we … systematically vary the combination of existence of weak punishment and norm information. Norm information may refer either to what …
Persistent link: https://www.econbiz.de/10013228854
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Imperfect Signals
Graetz, Georg - 2023
A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates’ productivity. I model various distinct sources of signal imperfection—such as noise and multi-dimensional types—and characterize their implications for the private return to skill...
Persistent link: https://www.econbiz.de/10014357032
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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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Uncertainty, Imperfect Information, and Expectation Formation Over the Firms's Life Cycle
Chen, Cheng - 2020
Using a long-panel dataset of Japanese firms that contains firm-level sales forecasts, we provide evidence on firm-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated forecast errors. However, they make more precise...
Persistent link: https://www.econbiz.de/10012826001
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Does Tax Policy Work When Consumers Have Imperfect Price Information? Theory and Evidence
Montag, Felix; Sagimuldina, Alina; Schnitzer, Monika - 2021
We investigate how the pass-through rate of commodity taxes depends on competition in a setting where consumers have imperfect information about prices. We use a theoretical search model that has two key predictions: First, the larger the number of price sensitive consumers, the higher the...
Persistent link: https://www.econbiz.de/10013223660
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History-Based Price Discrimination with Imperfect Information Accuracy and Asymmetric Market Shares
Colombo, Stefano; Graziano, Clara; Pignataro, Aldo - 2021
The paper considers a duopoly model in which firms inherited asymmetric market shares and history-based price discrimination is viable. However, firms can identify only a share of their own consumers depending to the degree of information accuracy. We derive the pricing strategies and we analyze...
Persistent link: https://www.econbiz.de/10013229698
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Insurance for Catastrophes - Indemnity vs. Parametric Insurance with Imperfect Information
Feess, Eberhard; Jordan, Cathrin; Noy, Ilan - 2022
Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without intense government intervention, and even then it is often only a minority of properties or businesses that are insured. Efforts to close this insurance gap include the introduction...
Persistent link: https://www.econbiz.de/10013296268
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Paying to Match : Decentralized Markets with Information Frictions
Agranov, Marina; Dianat, Ahrash; Samuelson, Larry; … - 2021
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to participants, complete or incomplete, and the surplus structure, supermodular or submodular. Several insights emerge. First, while markets often culminate in efficient...
Persistent link: https://www.econbiz.de/10013250740
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Learning from Law Enforcement
Dusek, Libor - 2020
This paper studies how punishment for past offenses affects future compliance behavior and isolates deterrence effects … million cars over several years, we evaluate responses to punishment at the extensive (receiving a speeding ticket) and … punishment in a 'coarse' manner. Additional results indicate that learning from law enforcement affects drivers' behavior more …
Persistent link: https://www.econbiz.de/10012843418