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Undocumented Worker Employment and Firm Survival
Brown, J. David - 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/10012765295
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Crowdfunding, Cascades and Informed Investors
Parker, Simon C. - 2014
Do higher proportions of (a) informed investors and (b) high-quality projects increase the number of good projects that are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: 'not necessarily'
Persistent link: https://www.econbiz.de/10013057901
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The Identification and Economic Content of Ordered Choice Models with Stochastic Thresholds
Cunha, Flavio - 2008
This paper extends the widely used ordered choice model by introducing stochastic thresholds and interval-specific outcomes. The model can be interpreted as a generalization of the GAFT (MPH) framework for discrete duration data that jointly models durations and outcomes associated with...
Persistent link: https://www.econbiz.de/10012773457
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A Job Ladder Model with Stochastic Employment Opportunities
Bradley, Jake - 2018
We set up a model with on-the-job search in which firms infrequently post vacancies for which workers occasionally apply. The model nests the standard job ladder and stock-flow models as special cases while remaining analytically tractable and easy to estimate from standard panel data sets....
Persistent link: https://www.econbiz.de/10012911194
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Stochastic Complementarity
Manzini, Paola - 2018
The Hicksian definition of complementarity and substitutability may not apply in contexts in which agents are not utility maximisers or where price or income variations, whether implicit or explicit, are not available. We look for tools to identify complementarity and substitutability satisfying...
Persistent link: https://www.econbiz.de/10012928499
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Testing for Restricted Stochastic Dominance
Davidson, Russell; Duclos, Jean-Yves - 2006
Asymptotic and bootstrap tests are studied for testing whether there is a relation of stochastic dominance between two distributions. These tests have a null hypothesis of nondominance, with the advantage that, if this null is rejected, then all that is left is dominance. This also leads us to...
Persistent link: https://www.econbiz.de/10014059083
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Mind the Gap : Crowd-Funding and the Role of Seed Money
Deutsch, Joseph - 2015
We analyze voluntary private contributions to public goods and the role seed money plays in signaling the public good's quality to potential subsequent contributors. We present a theoretical model and analyze two sets of naturally occurring data from crowd-funding platforms. After developing the...
Persistent link: https://www.econbiz.de/10013024898
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Herding, Warfare, and a Culture of Honor : Global Evidence
Cao, Yiming; Enke, Benjamin; Falk, Armin; Giuliano, Paola; … - 2021
According to the widely known 'culture of honor' hypothesis from social psychology, traditional herding practices are …, and large-scale surveys. The data show systematic links between traditional herding practices and a culture of honor …. First, the culture of pre-industrial societies that relied on animal herding emphasizes violence, punishment, and revenge …
Persistent link: https://www.econbiz.de/10013324565
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Do We Follow Others When We Should? A Simple Test of Rational Expectations
Weizsacker, Georg - 2021
The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani, Hirshleifer, and Welch (1992). The large amount of data makes it possible to estimate the empirically optimal action for a large variety of decision situations and ask about the economic...
Persistent link: https://www.econbiz.de/10013325050
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Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries
Ozdemir, Zeynel Abidin - 2014
This paper shows that the structural breaks are an important characteristic of the monthly labor force participation rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural breaks in the empirical specifications of fractionally...
Persistent link: https://www.econbiz.de/10013065313