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Aggregation of Consumer Ratings : An Application to Yelp.Com

Dai, Daisy - 2012

Because consumer reviews leverage the wisdom of the crowd, the way in which they are aggregated is a central decision faced by platforms. We explore this "rating aggregation problem" and offer a structural approach to solving it, allowing for (1) reviewers to vary in stringency and accuracy, (2)...

Persistent link: https://www.econbiz.de/10013097277

Mismeasurement of Pensions Before and after Retirement : The Mystery of the Disappearing Pensions with Implications for the Importance of Social Security as a Source of Retirement...

Gustman, Alan L. - 2012

A review of the literature suggests that when pension values are measured by the wealth equivalent of promised DB pension benefits and DC balances for those approaching retirement, pensions account for more support in retirement than is suggested when their contribution is measured by incomes...

Persistent link: https://www.econbiz.de/10013097779

Business and Financial Method Patents, Innovation, and Policy

Hall, Bronwyn H. - 2013

Two court decisions in the 1990s are widely viewed as having opened the door to a flood of business method and financial patents at the US Patent and Trademark Office, and to have also impacted other patent offices around the world. A number of scholars, both legal and economic, have critiqued...

Persistent link: https://www.econbiz.de/10012753142

Subjective Evaluation of Performance Through Individual Evaluation Interview : Empirical Evidence from France

Diaye, Marc-Arthur - 2013

Individual evaluation interviews have become a widespread practice. 52% of employees in French manufacturing firms over … 50 employees declared an annual individual evaluation interview in 1997. However whereas the problem of constructing an … optimal contract with subjective evaluation (which is defined simply as a signal in most papers) receives a large attention …

Persistent link: https://www.econbiz.de/10012753959

Bequest and Tax Planning : Evidence from Estate Tax Returns

Kopczuk, Wojciech - 2013

I study bequest and wealth accumulation behavior of the wealthy (subject to the estate tax) shortly before death. The onset of a terminal illness leads to a very significant reduction in the value of estates reported on tax returns - 15 to 20% with illness lasting quot;months to yearsquot; and...

Persistent link: https://www.econbiz.de/10012754092