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This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode by which an intermediary holds inventories...
Persistent link: https://www.econbiz.de/10011517977
Persistent link: https://www.econbiz.de/10003674369
Numerous countries are introducing citizen feedback schemes to tame corruption. We study how best to incorporate feedback in public officials' incentives. The main novelty of our proposal is to allow citizens to directly influence officials' pay. We consider a situation in which entrepreneurs...
Persistent link: https://www.econbiz.de/10011343756
This paper explores the relationship between market accessibility and various participants' welfare in an intermediated directed-search market. For a general class of meeting technologies, we provide a necessary and sufficient condition under which efficiency requires imperfect accessibility,...
Persistent link: https://www.econbiz.de/10014295063
comparative evidence on public preferences for education spending, we conduct representative experiments with information …, providing information about actual spending and salary levels reduces support for increased education spending from 54 to 40 … preferences are similar across the three countries when the role of status-quo and information are taken into account. …
Persistent link: https://www.econbiz.de/10012123030
education spending and teacher salaries falls when respondents receive information about existing levels. Treatment effects vary … by prior knowledge in a manner consistent with information effects rather than priming. Support for salary increases is …' lower support for increases. Information about the tradeoffs between specific spending categories shifts preferences from …
Persistent link: https://www.econbiz.de/10011565610
implement or they target younger children. We partner text-messaging technology with school information systems to automate the … gathering and provision of information to parents at scale. In a field experiment across 22 middle and high schools, we used …
Persistent link: https://www.econbiz.de/10011658035
We examine whether the desire for more information is people's dominant motive for reading economic and political news … experimentally vary people's beliefs about the informativeness of news. Inconsistent with the desire for more information being the … information reduce their demand for news from this newspaper. Furthermore, treated respondents who think that a news outlet is …
Persistent link: https://www.econbiz.de/10012156434
have better information about the state of the world than voters. Three types of institutions are compared: direct …
Persistent link: https://www.econbiz.de/10011404317
The electorates' lack of information about the extent of public spending may cause misalignments between voters … treatment groups with information on current spending levels. Results show that such information strongly reduces support for … public spending in various domains from social security to defense. Data on prior information status on school spending and …
Persistent link: https://www.econbiz.de/10011482935