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regulation to an international agent eliminates that distortion, increasing wages and aggregate welfare …
Persistent link: https://www.econbiz.de/10012965021
Prediction markets – markets used to forecast future events – have been used to accurately forecast the outcome of political contests, sporting events, and, occasionally, economic outcomes. This chapter summarizes the latest research on prediction markets in order to further their...
Persistent link: https://www.econbiz.de/10013103480
Exponential growth bias (EGB) is the pervasive tendency of people to perceive a growth process as linear when, in fact, it is exponential. In this paper, we document that people exhibit EGB when asked to predict the number of COVID-19 positive cases in the future. The bias is positively...
Persistent link: https://www.econbiz.de/10012823853
COVID-19 hit firms by surprise. In a high frequency, representative panel of German firms, the business outlook declined and business uncertainty increased only when the spread of the COVID-19 pandemic led to domestic policy changes: The announcement of nation-wide school closures on March 13...
Persistent link: https://www.econbiz.de/10012828600
Interest in prediction markets has increased in the last decade, driven in part by the hope that these markets will prove to be valuable tools in forecasting, decision-making and risk management - in both the public and private sectors. This paper outlines five open questions in the literature,...
Persistent link: https://www.econbiz.de/10013317671
Argentina hit headlines around the world in 2002 on account of the largest debt default in history and a sudden …
Persistent link: https://www.econbiz.de/10013136302
This study investigates the impact of recent crises in Argentina (including the severe downturn of 2001-2002) on health …
Persistent link: https://www.econbiz.de/10013118519
Individual perceptions of income distribution play a vital role in political economy and public finance models, yet there is little evidence regarding their origins or accuracy. This study examines how individuals form these perceptions and posits that systematic biases arise from the...
Persistent link: https://www.econbiz.de/10013125167
In the early 1990's, the Argentine government promoted a framework for productivity-based negotiations between firms and unions at low levels of organization. The policy weakened the industry-wide collective bargaining system, which sets working conditions for all firms in an industry. This...
Persistent link: https://www.econbiz.de/10013073861
measurement challenge by leveraging unique administrative data from Argentina with such links. We estimate that temp agency …
Persistent link: https://www.econbiz.de/10012838474