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Rational Inattention and Migration Decisions
Bertoli, Simone - 2020
Acquiring information about destinations can be costly for migrants. We model information frictions in the rational inattention framework and obtain a closed-form expression for a migration gravity equation that we bring to the data. The model predicts that ows from countries with a higher cost...
Persistent link: https://www.econbiz.de/10012838467
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Motivated Belief Updating and Rationalization of Information
Drobner, Christoph; Goerg, Sebastian J. - 2022
We study belief updating about relative performance in an ego-relevant task. Manipulating the perceived ego-relevance of the task, we show that subjects update their beliefs optimistically because they derive direct utility flows from holding positive beliefs. This finding provides a behavioral...
Persistent link: https://www.econbiz.de/10014242740
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Financing Entrepreneurship and the Old-Boy Network
Inci, Eren - 2012
We study entrepreneurs' start-up financing from banks and local financiers. An informal network, whose membership cannot be observed by outsiders, conveys the good signals it gets about the hidden types of network entrepreneurs to local financiers, which are then reflected in different loan...
Persistent link: https://www.econbiz.de/10013111216
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Beyond Additionality : Are Innovation Subsidies Counterproductive?
Catozzella, Alessandra - 2014
two (input and output) dimensions of innovation into a unique efficiency perspective. To this aim, the impact of public … sample of firm-level data drawn from the third Italian Community Innovation Survey (CIS). A bivariate endogenous switching … the innovation subsidy; far from 'doing better' as a result of government intervention, supported firms appear to exhaust …
Persistent link: https://www.econbiz.de/10013067882
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Badge of Honor or Scarlet Letter? Unpacking Investors' Judgment of Entrepreneurs' Past Failure
Zunino, Diego - 2017
based on the "failed" label only. Overall, our analysis sheds light on the rationality of investors. In a world where …
Persistent link: https://www.econbiz.de/10012947124
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The Interdependence of R&D Activity and Debt Financing of Young Firms
Fryges, Helmut - 2011
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10013117119
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Quantifying Optimal Growth Policy
Grossmann, Volker - 2010
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10013141717
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Negotiating Cooperation Under Uncertainty : Communication in Noisy, Indefinitely Repeated Interactions
Dvorak, Fabian - 2018
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in …
Persistent link: https://www.econbiz.de/10012908872
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Cognitive Ability, Character Skills, and Learning to Play Equilibrium : A Level-K Analysis
Gill, David - 2014
In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...
Persistent link: https://www.econbiz.de/10013052550
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Intelligence Disclosure and Cooperation in Repeated Interactions
Lambrecht, Marco; Proto, Eugenio; Rustichini, Aldo; … - 2022
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