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Some evolutionary foundations for price level rigidity
Saint-Paul, Gilles - 2002
This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...
Persistent link: https://www.econbiz.de/10011409938
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It's not my fault! : self-confidence and experimentation
Hestermann, Nina; Le Yaouanq, Yves - 2019 - Current draft: October 8, 2018
We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the …
Persistent link: https://www.econbiz.de/10011966912
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Sequential exporting across countries and products
Albornoz, Facundo; Calvo Pardo, Héctor F.; Corcos, Gregory - 2021
How do exporters expand their product scope and geographical presence? We argue that new exporters are uncertain about their profitability in different countries and products, but learn it as they start to export. As a consequence, exporters add products and countries sequentially, in an...
Persistent link: https://www.econbiz.de/10012534564
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Non-common priors, incentives, and promotions : the role of learning
Fahn, Matthias; Klein, Nicolas Alexandre - 2023
We analyze a repeated principal-agent setting in which the principal cares about the agent's verifiable effort as well as an extra profit that can be generated only if the agent is talented. The agent is overconfident about his talent and updates beliefs using Bayes' rule. An exploitation...
Persistent link: https://www.econbiz.de/10014292070
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Striking evidence : the impact of railway strikes on competition from intercity bus services in Germany
Beestermöller, Matthias Gerhard; Jessen-Thiesen, Levke; … - 2023
This paper investigates the impact of the largest rail strikes in German history on intercity buses - a then newly liberalised market. Using unique booking data of bus services, we exploit variation in rail service cancellations across routes to show that the disruption in rail transport...
Persistent link: https://www.econbiz.de/10014292134
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How information affects support for education spending : evidence from survey experiments in Germany and the United States
West, Martin R.; Woessmann, Ludger; Lergetporer, Philipp; … - 2016
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
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Information, polarization and delegation in democracy
Schultz, Christian - 2003
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
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Information provision and preferences for education spending : evidence from representative survey experiments in three countries
Cattaneo, Maria Alejandra; Lergetporer, Philipp; … - 2019
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
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Do people value more informative news?
Chopra, Felix; Haaland, Ingar; Roth, Christopher - 2019
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
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Leveraging technology to engage parents at scale : evidence from a randomized controlled trial
Bergman, Peter; Chan, Eric - 2017
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