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Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience
List, John A. - 2011
literature is that market experience is endogenous. This study presents a framed field experiment that exogenously induces market …
Persistent link: https://www.econbiz.de/10012461749
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Learning Through Noticing : Theory and Experimental Evidence in Farming
Hanna, Rema - 2012
important features of the data they possess. We conduct a field experiment with seaweed farmers to test a model of "learning …
Persistent link: https://www.econbiz.de/10012460258
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Effects of Information Provision in an Vertically Differentiated Market
Chipty, Tasneem - 1998
.Information provision via R&Rs has no significant effects on staff-child ratios. These findings are generally consistent with search theory …
Persistent link: https://www.econbiz.de/10012472309
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Sustaining Cooperation : Community Enforcement vs. Specialized Enforcement
Acemoglu, Daron - 2015
We introduce the possibility of direct punishment by specialized enforcers into a model of community enforcement. Specialized enforcers need to be given incentives to carry out costly punishments. Our main result shows that, when the specialized enforcement technology is sufficiently effective,...
Persistent link: https://www.econbiz.de/10012457211
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Social Insurance, Information Revelation, and Lack of Commitment
Golosov, Mikhail - 2014
We study the optimal provision of insurance against unobservable idiosyncratic shocks in a setting in which a benevolent government cannot commit. A continuum of agents and the government play an infinitely repeated game. Actions of the government are constrained only by the threat of reverting...
Persistent link: https://www.econbiz.de/10012458032
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Permission to Exist
Byford, Martin C. - 2014
We provide a new model that generates persistent performance differences amongst seemingly similar enterprises. Our model provides a mechanism whereby efficient incumbent rivals can give permission for an inefficient firm to exist in the presence of efficient entrants. We demonstrate that, in a...
Persistent link: https://www.econbiz.de/10012458155
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Price Cutting and Business Stealing in Imperfect Cartels
Bernheim, B. Douglas - 2014
it is detected. We propose a theory of "equilibrium price cutting and business stealing" in cartels to bridge this gap … between theory and observation …
Persistent link: https://www.econbiz.de/10012458671
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Which Social Cost of Carbon? A Theoretical Perspective
Kotchen, Matthew J. - 2016
This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the...
Persistent link: https://www.econbiz.de/10012456430
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Rules, Coordination and Manipulability Among Arbitrators
Currie, Janet - 1991
. However, coordination on a rule leaves arbitrators as a group vulnerable to manipulation by coalitions of employers or …
Persistent link: https://www.econbiz.de/10012475176
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Issues in the Coordination of Monetary and Fiscal Policy
Blinder, Alan S. - 1982
This paper examines issues in the current debate over coordination between fiscal and monetary policies. Section I1 … uses the traditional targets-instruments approach to assess the potential gains from greater coordination. Since greater … coordination is often equated with looser money and tighter fiscal policy, two econometric models of the economy are used to …
Persistent link: https://www.econbiz.de/10012478123