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A Revealed Preference Ranking of U.S. Colleges and Universities
Avery, Christopher; Glickman, Mark E.; Hoxby, Caroline M.; … - 2006
We show how to construct a ranking of U.S. undergraduate programs based on students' revealed preferences. We construct examples of national and regional rankings, using hand-collected data on 3,240 high-achieving students. Our statistical model extends models used for ranking players in...
Persistent link: https://www.econbiz.de/10014069303
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Fiduciary Duties and Equity-Debtholder Conflicts
Becker, Bo - 2011
We use an important legal event as a natural experiment to examine the effect of management fiduciary duties on equity-debt conflicts. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors' fiduciary duties in firms incorporated in that state. This change limited managers'...
Persistent link: https://www.econbiz.de/10013117403
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The Credit Ratings Game
Bolton, Patrick - 2010
interest of Credit Rating Agencies (CRAs). We model both the CRA conflict of understating credit risk to attract more business …, and the issuer conflict of purchasing only the most favorable ratings (issuer shopping), and examine the effectiveness of …
Persistent link: https://www.econbiz.de/10012757875
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Conflict and Deterrence Under Strategic Risk
Chassang, Sylvain - 2010
We examine the mechanics of deterrence and intervention when fear is a motive for conflict. We contrast results … distinguish predatory and preemptive incentives as determinants of conflict. We show that while weapons have an unambiguous …
Persistent link: https://www.econbiz.de/10012759352
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Incentive Conflict in Central-Bank Responses to Sectoral Turmoil in Financial Hub Countries
Kane, Edward J. - 2010
this goal conflict, this paper develops two hypotheses. First, in times of financial-sector stress, political pressure is …
Persistent link: https://www.econbiz.de/10012759699
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Hold-Up, Asset Ownership, and Reference Points
Hart, Oliver - 2010
We study two parties who desire a smooth trading relationship under conditions of value and cost uncertainty. A rigid contract fixing price works well in normal times since there is nothing to argue about. However, when value or cost is exceptional, one party will hold up the other , damaging...
Persistent link: https://www.econbiz.de/10012759758
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The Promise and Pitfalls of Conflict Prediction : Evidence from Colombia and Indonesia
Bazzi, Samuel - 2019
Policymakers can take actions to prevent local conflict before it begins, if such violence can be accurately predicted …
Persistent link: https://www.econbiz.de/10012867902
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The Paradox of Civilization : Pre-Institutional Sources of Security and Prosperity
Dal Bo, Ernesto - 2015
conflict when defense capability is fixed, but may allow for security and prosperity when defense capability is endogenous … of conflict and stagnation. We illustrate the model by analyzing the rise of civilization in Sumeria and Egypt, the first …
Persistent link: https://www.econbiz.de/10013009442
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Suicide and Property Rights in India
Anderson, Siwan - 2014
conjecture that increasing female property rights increased conflict within household and this increased conflict resulted in … with asymmetric information and costly conflict is consistent with these findings …
Persistent link: https://www.econbiz.de/10013056668
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Partisan Conflict and Private Investment
Azzimonti, Marina - 2015
American politics have been characterized by a high degree of partisan conflict in recent years. Combined with a … this end, I construct a novel high- frequency indicator of partisan conflict. The partisan conflict index (PCI) uses a … may help explain the slow recovery observed since the 2007 recession ended. Partisan conflict is also associated with …
Persistent link: https://www.econbiz.de/10013021015