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The Competitive Effects of Drug Withdrawals
Cawley, John - 2014
how consumers respond to drug withdrawals. In theory, remaining drugs in the therapeutic class could enjoy competitive …In September 1997, the anti-obesity drugs Pondimin and Redux, ingredients in the popular drug combination fen … benefits, or suffer negative spillovers, from the withdrawal of a competing drug. Our findings suggest that, while the …
Persistent link: https://www.econbiz.de/10012752599
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What Do Prosecutors Maximize? an Analysis of Drug Offenders and Concurrent Jurisdiction
Glaeser, Edward L.; Kessler, Daniel P.; Piehl, Anne Morrison - 2022
This paper presents a model of prosecutors' decision-making processes in which prosecutors (both federal and state) internalize some of the benefits of reducing crime, but also care about developing their own human capital. Since U.S. attorneys make their decision first, they have the...
Persistent link: https://www.econbiz.de/10013308326
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Self-Esteem, Moral Capital, and Wrongdoing
Dal Bo, Ernesto - 2010
We present an infinite-horizon model of moral standards where self-esteem and unconscious drives play key roles. In the model, an individual receives random temptations (such as bribe offers) and must decide which to resist. Individual actions depend both on conscious intent and a type...
Persistent link: https://www.econbiz.de/10012758127
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Learning and Disagreement in an Uncertain World
Acemoglu, Daron - 2010
Most economic analyses presume that there are limited differences in the prior beliefs of individuals, as assumption most often justified by the argument that sufficient common experiences and observations will eliminate disagreements. We investigate this claim using a simple model of Bayesian...
Persistent link: https://www.econbiz.de/10012760581
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The New Economics of Equilibrium Sorting and its Transformational Role for Policy Evaluation
Kuminoff, Nicolai - 2010
Households "sort" across neighborhoods according to their wealth and their preferences for public goods, social characteristics, and commuting opportunities. The aggregation of these individual choices in markets and in other institutions influences the supply of amenities and local public...
Persistent link: https://www.econbiz.de/10013138319
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Getting to the Top of Mind : How Reminders Increase Saving
Karlan, Dean S. - 2010
We develop and test a simple model of limited attention in intertemporal choice. The model posits that individuals fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities. This asymmetry generates some predictions that overlap with models of...
Persistent link: https://www.econbiz.de/10013139968
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The Welfare Economics of Default Options in 401(K) Plans
Bernheim, B. Douglas - 2011
passive choice, and other 401(k) plan features. Depending on which theory and welfare perspective one adopts, virtually any …
Persistent link: https://www.econbiz.de/10013118423
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Dividends as Reference Points : A Behavioral Signaling Approach
Baker, Malcolm P. - 2012
We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss averse to reductions in dividends relative to the reference point set by prior dividends. Managers with strong but unobservable cash earnings separate themselves by paying high...
Persistent link: https://www.econbiz.de/10013103531
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The Free Rider Problem : A Dynamic Analysis
Battaglini, Marco - 2012
We present a dynamic model of free riding in which n infinitely lived agents choose between private consumption and contributions to a durable public good g. We characterize the set of continuous Markov equilibria in economies with reversibility, where investments can be positive or negative; and...
Persistent link: https://www.econbiz.de/10013108603
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The Importance of Trust for Investment : Evidence from Venture Capital
bottazzi, laura - 2014
We examine the effect of trust on financial investment and contracting decisions in a micro-economic environment where trust is exogenous. Using hand-collected data on European venture capital, we show that the Eurobarometer measure of trust among nations significantly affects investment...
Persistent link: https://www.econbiz.de/10013068297