Showing 1 - 10 of 632
higher where (1) there exists an energy / CO2 tax, where (2) government expenditures on the environment are higher, where (3 …
Persistent link: https://www.econbiz.de/10010276655
higher where (1) there exists an energy / CO2 tax, where (2) government expenditures on the environment are higher, where (3 …
Persistent link: https://www.econbiz.de/10005822312
This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a limited cognitive ability. People compute the costs and benefits of entering a transaction with an error. The government knows the distribution of true costs and benefits as well...
Persistent link: https://www.econbiz.de/10010262616
This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a limited cognitive ability. People compute the costs and benefits of entering a transaction with an error. The government knows the distribution of true costs and benefits as well...
Persistent link: https://www.econbiz.de/10005761789
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10010271236
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10005822832
We study the impact of research collaborations in coauthorship networks on research output and how optimal funding can maximize it. Through the links in the collaboration network, researchers create spillovers not only to their direct coauthors but also to researchers indirectly linked to them....
Persistent link: https://www.econbiz.de/10011984476
Achieving an ambitious goal frequently requires succeeding in a sequence of intermediary tasks, some being critical for the final outcome, and others not. Individuals are not always able to provide a level of effort sufficient to guarantee success in all the intermediary tasks. The ability to...
Persistent link: https://www.econbiz.de/10011479284
assets or to invest. The model predicts that high uncertainty and potential sunk costs in a situation of rule of law …
Persistent link: https://www.econbiz.de/10005703508
risk preferences. Here, we develop an analogous tool for choice under uncertainty - the ambiguity triangle - and show that …
Persistent link: https://www.econbiz.de/10011307381