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Enke, Benjamin - 2013

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...

Persistent link: https://www.econbiz.de/10013072106

Information Transmission within Federal Fiscal Architectures : Theory and Evidence

Dreher, Axel - 2013

This paper explores the role of information transmission and misaligned interests across levels of government in explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal-agent framework, it analyzes two alternative...

Persistent link: https://www.econbiz.de/10013075612

Marriage Premium and Class

Bonilla, Roberto - 2017

We present an equilibrium model with inter-linked labour and marriage markets, and argue that search frictions play an … affects their job search behaviour, which in turn can lead to marital wage gaps ranked across productivities. Male … marriage market, male reservation wages linked to productivities do affect the resulting assortative matching structure, and …

Persistent link: https://www.econbiz.de/10012951554

Whistle-Blower Protection : Theory and Experimental Evidence

Mechtenberg, Lydia - 2017

Whistle-blowing by employees plays a major role in uncovering corporate fraud. Various recent laws aim at improving protection of whistle-blowers and enhancing their willingness to report. Evidence on the effectiveness of such legislation is, however, scarce. Moreover, critics have raised...

Persistent link: https://www.econbiz.de/10012958733

Apparent Competition in Two-Sided Platforms

Guven, Gokhan - 2017

prices and features of goods without incurring search costs. The platform alleviates sellers' competition by charging them … its cost to encourage their search. Examples include malls and online marketplaces. Most malls do not charge for parking …

Persistent link: https://www.econbiz.de/10012945113

A Model of Reference-Dependent Belief Updating

Maier, Johannes Karl-Georg - 2016

We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...

Persistent link: https://www.econbiz.de/10012978311

More Effort with Less Pay : On Information Avoidance, Belief Design and Performance

Huck, Steffen - 2015

In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...

Persistent link: https://www.econbiz.de/10013012566

Policy Experimentation, Political Competition, and Heterogeneous Beliefs

Millner, Antony - 2014

We consider a two period model in which an incumbent political party chooses the level of a current policy variable unilaterally, but faces competition from a political opponent in the future. Both parties care about voters payoffs, but they have different beliefs about how policy choices will...

Persistent link: https://www.econbiz.de/10013051379

Quality vs. Quantity in Information Transmission : Theory and Experimental Evidence

Lafky, Jonathan - 2015

Information sharing has become increasingly important in helping consumers make better, more informed choices over competing products. Our project uses a novel theoretical framework and laboratory experiments to analyze three simple, commonly used incentive schemes against an unincentivized...

Persistent link: https://www.econbiz.de/10013019406

Competing with Asking Prices

Lester, Benjamin R. - 2016

In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller...

Persistent link: https://www.econbiz.de/10012986936