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Corporate social responsibility by joint agreement

Schinkel, Maarten-Pieter; Treuren, Leonard - 2021

Industry-wide voluntary agreements are touted as a means for corporations to take more corporate social responsibility (CSR). We study what type of joint CSR agreement induces firms to increase CSR efforts in a model of oligopolistic competition with differentiated products. Consumers have a...

Persistent link: https://www.econbiz.de/10012591411

Booms, busts and behavioural heterogeneity in stock prices

Hommes, Cars H.; Veld, Daan in't - 2015 - This draft: July 2015

We empirically evaluate a behavioural model with boundedly rational traders who disagree about the persistence of deviations from the fundamental stock price. Fundamentalist traders believe in mean-reversion, while chartists extrapolate trends. Agents gradually switch between the two rules,...

Persistent link: https://www.econbiz.de/10011301214

Information overload in multi-stage selection procedures

Ficco, Stefano; Karamychev, Vladimir A. - 2004

The paper studies information processing imperfections in a fully rational decision-making network. It is shown that imperfect information transmission and imperfect information acquisition in a multi-stage selection game yield information overload. The paper analyses the mechanisms responsible...

Persistent link: https://www.econbiz.de/10011335195

Identifying booms and busts in house prices under heterogeneous expectations

Bolt, Wilko; Demertzis, Maria; Diks, Cees G. H.; … - 2014

We introduce heterogeneous expectations in a standard housing market model linking housing rental levels to fundamental buying prices. Using quarterly data we estimate the model parameters for eight different countries, US, UK, NL, JP, CH, ES, SE and BE. We find that the data support...

Persistent link: https://www.econbiz.de/10010465137

Competition laws and corporate innovation

Levine, Ross; Chen, Lin; Wei, Lai; Xie, Wensi - 2020

Persistent link: https://www.econbiz.de/10012239177

Competition laws, norms and corporate social responsibility

Ding, Wenzhi; Levine, Ross; Chen, Lin; Xie, Wensi - 2020

Persistent link: https://www.econbiz.de/10012262468

A unified theory of underreaction, momentum trading and overreaction in asset markets

Hong, Harrison G.; Stein, Jeremy C. - 1997

Persistent link: https://www.econbiz.de/10000649959

Interest rate rules and macroeconomic stability under heterogeneous expectations

Anufriev, Mikhail; Assenza, Tiziana; Hommes, Cars H.; … - 2009

Persistent link: https://www.econbiz.de/10003850889

A sparsity-based model of bounded rationality

Gabaix, Xavier - 2011

"This paper proposes a model in which the decision maker builds an optimally simplified representation of the world … maximization problems. The agent's choice of a representation of the world features a quadratic proxy for the benefits of thinking … the world. This model yields a tractable procedure, which embeds the traditional rational agent as a particular case, and …

Persistent link: https://www.econbiz.de/10008991998

Behavioral macroeconomics via sparse dynamic programming

Gabaix, Xavier - 2016

Persistent link: https://www.econbiz.de/10011431045

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