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Beine, Michel A. R. - 2009

to higher concentration of low-skill migrants. Interestingly, diasporas explain majority of the variability of migration …

Persistent link: https://www.econbiz.de/10012763995

Social Networks, Ethnicity, and Entrepreneurship

Kerr, William - 2017

We study the relationship between ethnicity, occupational choice, and entrepreneurship. Immigrant groups in the United States cluster in specific business sectors. For example, the concentration of Korean self-employment in dry cleaners is 34 times greater than other immigrant groups, and...

Persistent link: https://www.econbiz.de/10012965722

Excessive Herding in the Laboratory : The Role of Intuitive Judgments

March, Christoph - 2018

actions that contradict their high quality signals they herd more extensively than predicted by Bayes-rational herding …-Bayesian updating and informational misinferences are the two channels that drive excessive herding, while the strong (resp. mild … observational learning accounts for the phenomenon of excessive herding, it captures well herd behavior with medium quality signals …

Persistent link: https://www.econbiz.de/10012924978

Reputational Herding in Financial Markets : A Laboratory Experiment

Roider, Andreas - 2015

We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 …

Persistent link: https://www.econbiz.de/10013029493

Sprawl and Blight

Brueckner, Jan K.; Helsley, Robert W. - 2021

The objective of this paper is to show how the same market failures that contribute to urban sprawl also contribute to urban blight. The paper develops a simple dynamic model in which new suburban and older central-city properties compete for mobile residents. The level of housing services...

Persistent link: https://www.econbiz.de/10013316314

Commuting Subsidies With Two Transport Modes

Borck, Rainald; Wrede, Matthias - 2021

We study a simple model of commuting subsidies with two transport modes. City residents choose where to live and which mode to use. When all land is owned by city residents, one group gains from subsidies what the other loses. With absentee landownership, city residents as a group gain at the...

Persistent link: https://www.econbiz.de/10013317089

Elections and Market Provision of Information

Bruns, Christian - 2013

Economists usually think that rational voters have little incentives to acquire costly information. We present a theoretical model to show that, in contrast to this widely held belief, rational voters acquire considerable amounts of information if media technology is available because then they...

Persistent link: https://www.econbiz.de/10013087270

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

Ex Post Information Rents in Sequential Screening

Krahmer, Daniel - 2014

We study ex post information rents in sequential screening models where the agent receives private ex ante and ex post information. The principal has to pay ex post information rents for preventing the agent to coordinate lies about his ex ante and ex post information. When the agent's ex ante...

Persistent link: https://www.econbiz.de/10013054499

Optimal Revelation of Life-Changing Information

Schweizer, Nikolaus; Szech, Nora - 2021

Information about the future may be instrumentally useful, yet scary. For example, many patients shy away from precise genetic tests about their dispositions for severe diseases. They are afraid that a bad test result could render them desperate due to anticipatory feelings. We show that...

Persistent link: https://www.econbiz.de/10013315497

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