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Produce or speculate? : asset bubbles, occupational choice and efficiency

Cahuc, Pierre; Challe, Edouard - 2009

, thereby causing rational bubbles to lose their efficiency properties. Moreover, if speculation can be carried out by skilled …

Persistent link: https://www.econbiz.de/10003926432

Why pay taxes when no one else does?

Epstein, Gil S.; Gang, Ira N. - 2009

present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and …

Persistent link: https://www.econbiz.de/10003832265

Undocumented worker employment and firm survival

Brown, J. David (contributor); … - 2009

. Firms are found to engage in herding behavior, being more likely to employ undocumented workers if competitors do. Rivals … marginal revenue product. The herding behavior and competitive effects are found to be much weaker in geographically broad …

Persistent link: https://www.econbiz.de/10003794077

Informational cascades and decision to migrate

Epstein, Gil S. - 2002

We introduce the idea that informational cascades can explain the observed regularity that emigrants from the same locations also tend to choose the same foreign locations. Thus informational cascades generate herd behavior. Herd behavior is compared with the network externalities explanation of...

Persistent link: https://www.econbiz.de/10011406717

Why is unemployment duration a sorting criterion in hiring?

Van Belle, Eva; Caers, Ralf; Couck, Marijke de; Di … - 2017

theory, and rational herding. We use the resulting data to estimate a multiple mediation model, in which the effect of the … mechanisms often related to the scarring effect of unemployment: general signalling theory, (perceived) skill loss, queuing … related to the scarring effect of unemployment: general signalling theory, (perceived) skill loss, queuing theory, and …

Persistent link: https://www.econbiz.de/10011704177

Tipping and residential segregation : a unified schelling model

Zhang, Junfu - 2009

This paper presents a Schelling-type checkerboard model of residential segregation formulated as a spatial game. It shows that although every agent prefers to live in a mixed-race neighborhood, complete segregation is observed almost all of the time. A concept of tipping is rigorously defined,...

Persistent link: https://www.econbiz.de/10003898061

How diverse can spatial measures of cultural diversity be? : results from Monte Carlo simulations of an agent-based model

Arribas-Bel, Daniel; Nijkamp, Peter; Poot, Jacques - 2014

Cultural diversity is a complex and multi-faceted concept. Commonly used quantitative measures of the spatial distribution of culturally-defined groups – such as segregation, isolation or concentration indexes - are often only capable of identifying just one aspect of this distribution. The...

Persistent link: https://www.econbiz.de/10010369838

Institution formation and cooperation with heterogeneous agents

Kube, Sebastian; Schaube, Sebastian; … - 2014

Driven by an ever-growing number of studies that explore the effectiveness of institutional mechanisms meant to mitigate cooperation problems, recent years have seen an increasing interest in the endogenous implementation of these institutions. In this paper, we test within a unified framework...

Persistent link: https://www.econbiz.de/10010414346

A new continuous distribution and two new families of distributions based on the exponential

Jasso, Guillermina (contributor); Kotz, Samuel (contributor) - 2007

"Recent work on social status led to derivation of a new continuous distribution based on the exponential. The new variate, termed the ring(2)-exponential, in turn leads to derivation of two closely-related new families of continuous distributions, which we call the mirror-exponential and the...

Persistent link: https://www.econbiz.de/10003449489

Moving the goalposts : addressing limited overlap in estimation of average treatment effects by changing the estimand

Crump, Richard K.; Hotz, Vincent Joseph; Imbens, Guido; … - 2006

Estimation of average treatment effects under unconfoundedness or exogenous treatment assignment is often hampered by lack of overlap in the covariate distributions. This lack of overlap can lead to imprecise estimates and can make commonly used estimators sensitive to the choice of...

Persistent link: https://www.econbiz.de/10003474186

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