Narrow search
Showing 1 - 10 of 278
Cover Image
Measuring the Integration of Staple Food Markets in Sub-Saharan Africa : Heterogeneous Infrastructure and Cross Border Trade in the East African Community
Ihle, Rico - 2015
This analysis employs cointegration methods and semiparametric regression in order to assess the integration of maize markets and the factors determining national and cross-national transmission of price signals in Sub-Saharan Africa. We use a rich dataset of 16 series of wholesale maize prices...
Persistent link: https://www.econbiz.de/10013038042
Cover Image
Measuring the Integration of Staple Food Markets in Sub-Saharan Africa: Heterogeneous Infrastructure and Cross Border Trade in the East African Community
Ihle, Rico; Cramon-Taubadel, Stephan von; Zorya, Sergiy - CESifo - 2011
This analysis employs cointegration methods and semiparametric regression in order to assess the integration of maize markets and the factors determining national and cross-national transmission of price signals in Sub-Saharan Africa. We use a rich dataset of 16 series of wholesale maize prices...
Persistent link: https://www.econbiz.de/10008914284
Cover Image
Who Should Pay for Certification?
Stahl, Konrad O.; Strausz, Roland - 2021
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...
Persistent link: https://www.econbiz.de/10013316064
Cover Image
Measuring Agents' Reaction to Private and Public Information in Games with Strategic Complementarities
Cornand, Camille; Heinemann, Frank - 2021
In games with strategic complementarities, public information about the state of the world has a larger impact on equilibrium actions than private information of the same precision, because the former is more informative about the likely behavior of others. This may lead to welfare-reducing...
Persistent link: https://www.econbiz.de/10013316251
Cover Image
Information Asymmetry, Education Signals and the Case of Ethnic and Native Germans
Hornig, Stephan O.; Rottmann, Horst; Wapler, Rüdiger - 2021
This paper analyses the effects of education signals for Ethnic Germans and Germans without a migration background ('Native Germans'). We base our analysis on a sorting model with productivity enhancing effects of education. We compare whether the signalling value differs between the migrants...
Persistent link: https://www.econbiz.de/10013316355
Cover Image
Signaling to Experts
Kurlat, Pablo D. - 2017
We study competitive equilibrium in a signaling economy with heterogeneously informed buyers. In terms of the classic … Spence (1973) model of job market signaling, firms have access to direct but imperfect information about worker types, in …. In equilibrium, some high type workers forgo signaling and are hired by better informed firms, who make positive profits …
Persistent link: https://www.econbiz.de/10012946849
Cover Image
Information Transmission and Ownership Consolidation in Aid Programs
Dreher, Axel - 2013
This paper explores the role of information transmission in explaining donors' choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a “delegation-scheme.” Conversely,...
Persistent link: https://www.econbiz.de/10013073609
Cover Image
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
Cover Image
Modeling Fluctuations in the Global Demand for Commodities
Kilian, Lutz - 2018
It is widely understood that the real price of globally traded commodities is determined by the forces of demand and supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with unexpected fluctuations in global real economic...
Persistent link: https://www.econbiz.de/10012930077
Cover Image
Agricultural Price Shocks and Business Cycles - A Global Warning for Advanced Economies
De Winne, Jasmien - 2018
For a panel of 75 countries, we find that increases in global agricultural commodity prices that are caused by unfavorable harvest shocks in other regions of the world significantly curtail domestic economic activity. The effects are much larger than for average global agricultural price shifts....
Persistent link: https://www.econbiz.de/10012915574