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Incorporating Theory-Consistent Endogenous Markups into Applied General-Equilibrium Models
Markusen, James R. - 2023
-level productivity and scale effects. I show here that the incorporation of theory-based endogenous markups into AGE models is not …-group Bertrand (SGB). Growth in the economy is the experiment used to compare these specifications. While the overall effects of …
Persistent link: https://www.econbiz.de/10014357511
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It's Not My Fault! Self-Confidence and Experimentation
Hestermann, Nina - 2019
external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in …
Persistent link: https://www.econbiz.de/10012892079
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Spin Doctors : A Model and an Experimental Investigation of Vague Disclosure
Deversi, Marvin - 2018
such positive spin? We use a theoretical model and a laboratory experiment to study the strategic use of vagueness in a … interval that contains her actual type. Theory predicts that when facing a possibly naive receiver, the sender discloses an … interval that separates her from worse types but is upwardly vague. Senders in the experiment adopt this strategy and some …
Persistent link: https://www.econbiz.de/10012908648
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Do Consumers Acquire Information Optimally? Experimental Evidence from Energy Efficiency
La Nauze, Andrea; Myers, Erica - 2023
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where …
Persistent link: https://www.econbiz.de/10014358835
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The Devil You Know : Rational Inattention to Discrete Choices When Prior Information Matters
Pellegrino, Bruno - 2023
In the seminal rational inattention model of Matĕjka and McKay (2015), logit demand arises from the discrete choice of agents who are uncertain about choice payoffs and who have access to a flexible, costly information acquisition technology (RI-logit). A notable limitation of this powerful...
Persistent link: https://www.econbiz.de/10014358846
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Incentive and Signaling Effects of Bonus Payments : An Experiment in a Company
Deversi, Marvin; Spantig, Lisa - 2023
Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is limited as their use signals the prevalence of free-riding among employees. This paper tests this hypothesis experimentally, using a sample of managers and employees from a...
Persistent link: https://www.econbiz.de/10014259692
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Transparency and Policy Competition : Experimental Evidence from German Citizens and Politicians
Blesse, Sebastian; Lergetporer, Philipp; Nover, Justus; … - 2023
A lack of transparency about policy performance can pose a major obstacle to welfare-enhancing policy competition across jurisdictions. In parallel surveys with German citizens and state parliamentarians, we document that both groups misperceive the performance of their state’s education...
Persistent link: https://www.econbiz.de/10014260382
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German Firms in International Trade : Evidence from Recent Microdata
Fauth, Matthias; Jung, Benjamin; Kohler, Wilhelm - 2023
-level complementarities implied by recent theory …
Persistent link: https://www.econbiz.de/10014347018
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Policy Implications of Models of the Spread of Coronavirus : Perspectives and Opportunities for Economists
Avery, Christopher - 2020
This paper provides a critical review of models of the spread of the coronavirus (SARS-CoV-2) that have been influential in recent policy discussions. It notes potentially important features of the real- world environment that the standard models do not incorporate and discusses reasons why...
Persistent link: https://www.econbiz.de/10012833728
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Productivity Shocks and Aggregate Fluctuations in an Estimated Endogenous Growth Model with Human Capital
Malley, Jim - 2011
Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate fluctuations in output, consumption, investment and hours. Given the importance of accounting for both the...
Persistent link: https://www.econbiz.de/10013120659