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Misconduct in Credence Good Markets
Brown, Jennifer - 2012
We examine misconduct in credence good markets with price taking experts. We propose a market-level model in which … price-taking experts extract surplus based on the value of their firm's brand and their own skill. We test the predictions … independent experts, despite doing substantially less business. In addition, more experienced experts attract more complaints per …
Persistent link: https://www.econbiz.de/10013096847
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Viewpoint : The Human Capital Approach to Inference
MacLeod, W. Bentley - 2016
combines these methods by using observed decisions by experts to reduce the demensionality of the feature space and allow the … categorization of decisions by their propensity score. The fact that the human capital of experts is heterogeneous implies that …
Persistent link: https://www.econbiz.de/10012995971
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Markets for Reputation : Evidence on Quality and Quantity in Academe
Hamermesh, Daniel S. - 2009
We develop a theory of the market for individual reputation, an indicator of regard by one's peers and others. The … reputation? Using evidence for academic economists, we find that, conditional on its impact, the quantity of output has no or …
Persistent link: https://www.econbiz.de/10013153983
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Depression for Economists
de Quidt, Jonathan - 2016
Major depressive disorder (MDD) is one of the most prevalent mental illnesses worldwide. Existing evidence suggests that it has both economic causes and consequences, such as unemployment. However, depression has not received significant attention in the economics literature. In this paper, we...
Persistent link: https://www.econbiz.de/10012976995
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Certified Random : A New Order for Co-Authorship
Ray, Debraj - 2016
Alphabetical name order is the norm for joint publications in economics. However, alphabetical order confers greater benefits on the first author. In a two-author model, we introduce and study certified random order: the uniform randomization of names made universally known by a commonly...
Persistent link: https://www.econbiz.de/10012983662
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Elections and the Quality of Public Officials : Evidence from U.S. State Courts
Lim, Claire - 2012
We investigate the influence of electoral rules and voter information in elections on voting outcomes and the quality of public officials, using new data on state court judge elections in 39 states in the U.S. from 1990 to 2010. We find, first, that voting is very partisan in partisan judicial...
Persistent link: https://www.econbiz.de/10013100995
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The Private Ordering Solution to Multiforum Shareholder Litigation
Romano, Roberta - 2015
This paper analyzes a private ordering solution to multiforum shareholder litigation: exclusive forum provisions in corporate charters and bylaws. We examine what drives the growth in these provisions and whether, as some critics contend, their adoption reflects managerial opportunism. We find...
Persistent link: https://www.econbiz.de/10013019122
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Racial Divisions and Criminal Justice : Evidence from Southern State Courts
Feigenberg, Benjamin - 2018
The US criminal justice system is exceptionally punitive. We test whether racial heterogeneity is one cause, exploiting cross-jurisdiction variation in punishment in four Southern states. We estimate the causal effect of jurisdiction on arrest charge outcome, validating our estimates using a...
Persistent link: https://www.econbiz.de/10012916600
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Professional Interactions and Hiring Decisions : Evidence from the Federal Judiciary
Battaglini, Marco; Harris, Jorgen; Patacchini, Eleonora - 2022
We examine the effect of hearing cases alongside female judicial colleagues on the probability that a federal judge hires a female law clerk. Federal judges are assigned to cases and to judicial panels at random and have few limitations on their choices of law clerks: these two features make the...
Persistent link: https://www.econbiz.de/10014101922
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Courts and Relational Contracts
Johnson, Simon; McMillan, John; Woodruff, Christopher - 2021
Post-communist countries offer new evidence on the relative importance of courts and relationships in enforcing contracts. Belief in the effectiveness of courts has a significant positive effect on the level of trust shown in new relationships between firms and their customers. Well-functioning...
Persistent link: https://www.econbiz.de/10013224923