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Beware of feedback effects among trust, risk and public opinion: Quantitative estimates of rational versus emotional influences on attitudes toward genetic modification
Kelley, Jonathan - Volkswirtschaftliche Fakultät, … - 2014
facilitated by trust in the judgment of scientific authorities and undermined by anxiety about the risks involved. But there are … symptoms of danger: Any public opinion data that show significant correlations between perceptions of fact (risk, trust etc … complex models required. Our structural equation analyses of five large, representative national surveys of Australia (N …
Persistent link: https://www.econbiz.de/10011108400
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The Quality of Accounting Information in Politically Connected Firms
Chaney, Paul; Faccio, Mara; Parsley, David - Volkswirtschaftliche Fakultät, … - 2009
We document that the quality of earnings reported by politically connected firms is significantly poorer than that of similar non-connected companies. Moreover, we find that earnings quality has no predictive power for the likelihood of establishing connections. Hence, we rule out that our...
Persistent link: https://www.econbiz.de/10008592995
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Informational externalities and informational sharing in class action suits
Deffains, Bruno; Langlais, Eric - Volkswirtschaftliche Fakultät, … - 2007
When several plaintiffs file individually a lawsuit against the same tortfeasor, the resolution of the various cases through repeated trials produces positive informational externalities, which benefit to the later plaintiffs (since there exist precedents, jurisprudence...). Thus, the first...
Persistent link: https://www.econbiz.de/10005835968
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On core solutions in economies with asymmetric information
Herves-Beloso, Carlos; Meo, Claudia; Moreno Garcia, Emma - Volkswirtschaftliche Fakultät, … - 2011
In a scenario with a continuum of asymmetrically informed agents, we analyze how the initial information of a trader may be altered when she becomes a member of a coalition. In contrast to a perfect competition frame, we first show that neither arbitrarily small coalitions nor large coalitions...
Persistent link: https://www.econbiz.de/10009004814
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Supply chain configuration under information sharing
Kashefi, Mohammad Ali - Volkswirtschaftliche Fakultät, … - 2012
This paper examines the effect of information sharing on supply chain configuration where the market characterized by demand uncertainty. A dynamic multi-stage game theoretic model with incomplete information is employed to capture the sequence of events. Our supply chain consists of two...
Persistent link: https://www.econbiz.de/10011109348
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Does high involvement management lead to higher pay?
Böckerman, Petri; Bryson, Alex; Ilmakunnas, Pekka - Volkswirtschaftliche Fakultät, … - 2011
Using nationally representative survey data for Finnish employees linked to register data on their wages and work histories we find wage effects of high involvement management (HIM) practices are generally positive and significant. However, employees with better wage and work histories are more...
Persistent link: https://www.econbiz.de/10008835360
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Could dishonest banks be disciplined ?
Nabi, Mahmoud Sami; Ben Souissi, Souraya - Volkswirtschaftliche Fakultät, … - 2011
Could a credit bureau incite banks to report correct information about their borrowers? We show that banks will choose the incorrect information sharing in the last period to increase their profits. Interestingly, however, it is shown that this strategy is optimal at the second period only if...
Persistent link: https://www.econbiz.de/10009151570
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A Simple Model of Speculation- The Welfare Analysis and Some Problems in the Decision Making Theory
Aoki, Takaaki - Volkswirtschaftliche Fakultät, … - 2003
This article analyzes the effect of speculation on the economic welfare from various criteria, using a simple Edgeworth box within a three-period Walrasian competition framework. Here “speculation” is defined as a series of transition processes of each agent’s spontaneous production of...
Persistent link: https://www.econbiz.de/10005789313
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Informational Externalities and Settlements in Mass Tort Litigations
Deffains, Bruno; Langlais, Eric - Volkswirtschaftliche Fakultät, … - 2010
This paper elaborates on a basic model of mass tort litigation, highlighting the existence of positive informational externalities afforded by the discovery process (as a general technology of production of evidences) in order to study when a class action is formed, or when a sequence of...
Persistent link: https://www.econbiz.de/10008587826
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SUPPLY CHAINS FACING ATYPICAL DEMAND: OPTIMAL OPERATIONAL POLICIES AND BENEFITS UNDER INFORMATION SHARING
Baruah, Pundarikaksha - Volkswirtschaftliche Fakultät, … - 2006
Demand patterns for products with seasonality and or short life-cycles do not follow a clear discernible pattern (to allow predictive time-series modeling of demand) for individual sales events or seasons due to such factors as considerable demand volatility, product promotions, and unforeseen...
Persistent link: https://www.econbiz.de/10005040689