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Bayesian Learning in Social Networks
Acemoglu, Daron - 2008
We study the perfect Bayesian equilibrium of a model of learning over a general social network. Each individual receives a signal about the underlying state of the world, observes the past actions of a stochastically-generated neighborhood of individuals, and chooses one of two possible actions....
Persistent link: https://www.econbiz.de/10012771797
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Fast and Slow Learning from Reviews
Acemoglu, Daron - 2017
This paper develops a model of Bayesian learning from online reviews, and investigates the conditions for asymptotic learning of the quality of a product and the speed of learning under different rating systems. A rating system provides information about reviews left by previous customers. A...
Persistent link: https://www.econbiz.de/10012942715
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Individual Rationality and Participation in Large Scale, Multi-Hospital Kidney Exchange
Ashlagi, Itai - 2011
As multi-hospital kidney exchange clearinghouses have grown, the set of players has grown from patients and surgeons to include hospitals. Hospitals have the option of enrolling only their hard-to-match patient-donor pairs, while conducting easily arranged exchanges internally. This behavior has...
Persistent link: https://www.econbiz.de/10013130977
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The Design of Performance Pay in Education
Neal, Derek A. - 2011
educator performance metrics and measures of student achievement. To mitigate incentives for coaching, incentive systems should … information about student achievement because they create no incentives for educators to take hidden actions that contaminate …
Persistent link: https://www.econbiz.de/10013131241
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Information Aggregation, Investment, and Managerial Incentives
Albagli, Elias - 2011
We study the interplay of share prices and firm decisions when share prices aggregate and convey noisy information about fundamentals to investors and managers. First, we show that the informational feedback between the firm's share price and its investment decisions leads to a systematic...
Persistent link: https://www.econbiz.de/10013121056
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Individual Preferences, Organization, and Competition in a Model of R&D Incentive Provision
Lacetera, Nicola - 2011
provision of incentives to corporate scientists, in an environment where (1) scientists engage in multiple activities when …-monetary incentives; and (4) firms compete on the product market. We show that both the degree of knowledge spillovers and of market … competition affect the incentives given to scientists, and these effects interact. First, high knowledge spillovers lead firms to …
Persistent link: https://www.econbiz.de/10013125567
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Loan Officer Incentives and the Limits of Hard Information
Berg, Tobias - 2013
incentives and limits of hard information verifiability. Using unique data where loans are based on hard information, and loan …
Persistent link: https://www.econbiz.de/10013081841
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Incentive Effects of Inheritances and Optimal Estate Taxation
Kopczuk, Wojciech - 2013
I consider nonlinear taxation of income and bequests with a joy-of-giving bequest motive and explicitly characterize the estate tax rate structure that maximizes social planner's welfare function. The solution trades off correction of externality from giving and discouraging effort of children...
Persistent link: https://www.econbiz.de/10013087451
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Patent Rights, Product Market Reforms, and Innovation
Aghion, Philippe - 2014
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this …
Persistent link: https://www.econbiz.de/10013064451
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Patent Disclosure in Standard Setting
Ganglmair, Bernhard - 2014
) firms' incentives to contribute to the development and improvement of a standard, and (b) firms' decision to disclose the …
Persistent link: https://www.econbiz.de/10013066245