Showing 1 - 10 of 411
The game-theoretical analysis of this paper shows that stress tests that cover the entire banking sector (macro stress tests) can be performed by institutional supervisors to improve welfare. In a multi-receiver framework of Bayesian persuasion we show that a banking authority can create value...
Persistent link: https://www.econbiz.de/10009674818
The matching literature commonly rules out that market design itself shapes agent preferences. Underlying this premise is the assumption that agents know their own preferences at the outset and that preferences do not change throughout the matching process. Under this assumption, a centralized...
Persistent link: https://www.econbiz.de/10012033869
Many individuals have empathetic feelings towards animals but frequently consume meat. We investigate this "meat paradox" using insights from the literature on motivated reasoning in moral dilemmata. We develop a model where individuals form self-serving beliefs about the suffering of animals...
Persistent link: https://www.econbiz.de/10012034136
This paper develops a theory in which heterogeneity in political preferences produces a partisan disagreement about objective facts. A political decision involving both idiosyncratic preferences and scientific knowledge is considered. Voters form motivated beliefs in order to improve their...
Persistent link: https://www.econbiz.de/10011899691
This paper is concerned with exploring the implications of replicability issues over the medical innovation process … institution governing the testing effort. Research and innovation policy implications are discussed. …
Persistent link: https://www.econbiz.de/10011992481
workers from other firms. Based on data from the Community Innovation Survey, this paper analyses the role of different types … of intended and unintended knowledge spillovers for innovation output at the firm level. Among intended knowledge … spillovers, using knowledge from patents shows the strongest link to innovation output, particularly in case of product …
Persistent link: https://www.econbiz.de/10014311915
' innovation, whereas inter-regional relations connecting different parts of a network (i.e., weak ties) are positively associated …
Persistent link: https://www.econbiz.de/10012534632
We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed (somewhere between the endogenous oligopoly and...
Persistent link: https://www.econbiz.de/10010498486
We experimentally examine the effects of price competition in markets for experience goods where sellers can build up reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed (somewhere between the endogenous oligopoly and...
Persistent link: https://www.econbiz.de/10010188722
Persistent link: https://www.econbiz.de/10014437607