Showing 1 - 10 of 379
This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy's value for money (the claims ratio) and the seller's commission. These information disclosures have virtually no effect despite most buyers claiming to value such information....
Persistent link: https://www.econbiz.de/10013139875
We provide novel evidence on the effectiveness of mandated changes in Russian transparency and disclosure (henceforth T&D) rules in boosting shareholder welfare. We focus on the staggered implementation of these T&D reforms initiated in 2002 and implemented during 2003-07. Using difference in...
Persistent link: https://www.econbiz.de/10012993932
The Australian Government launched the My School website in 2010 to provide standardised information about the quality of schools to the Australian public. This paper combines data from this website with home sales data for the state of Victoria to estimate the effect of the publication of...
Persistent link: https://www.econbiz.de/10012966818
We investigate in a laboratory setting whether revealing information on the intelligence of both players affects behavior in repeated games. We study the Prisoners' Dilemma (PD) and Battle of Sexes (BoS) as they cover a large set of the interesting scenarios generated by repeated games of two...
Persistent link: https://www.econbiz.de/10014080121
Does the introduction of corporate transparency and disclosure rules in emerging economies affect compliance, and therefore earnings quality and firm performance? We explore these questions for an important emerging economy, Russia, using a natural experiment, the 2002 introduction of Russian...
Persistent link: https://www.econbiz.de/10013406446
model incorporating England's and China's distinct pre-modern risk-sharing institutions. The model predicts a transition in … England and not China even with equal levels of risk sharing. Under the clan-based Chinese institution, the relatively risk …
Persistent link: https://www.econbiz.de/10013127725
existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and … household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …
Persistent link: https://www.econbiz.de/10013130462
Harmonised microdata show a Gini coefficient for per capita total income of 45.3 percent in China 2002 and 33.6 percent … urban areas in China are important reasons for this cross-country difference in inequality. Wage is a more non …-equalising income source in China than in Russia. While Russian public transfers reduce income inequality, Chinese public transfers …
Persistent link: https://www.econbiz.de/10013134822
This paper assesses the applicability of two alternative theories in understanding labor market developments in China … validate the arrival of the Lewis turning point in China, showing continuous and coordinated wage growth across rural and urban … markets in China …
Persistent link: https://www.econbiz.de/10013134983
China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U … households, respectively, to raise their saving rates. These two factors account for over half of the increase in China's urban …
Persistent link: https://www.econbiz.de/10013135632