Showing 1 - 10 of 263
This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417
information is symmetrically distributed and the scoring bias is set to offset the initial asymmetry between players …
Persistent link: https://www.econbiz.de/10014247957
-world economic settings has been difficult to measure. We estimate the extent of a cognitive bias, confirmatory bias, among experts … regression-discontinuity approach to identify confirmatory bias in this real-world setting. We construct a unique personally … standard deviation in poll points in a given week can be attributed to confirmatory bias. This type of updating suggests that …
Persistent link: https://www.econbiz.de/10012460595
which firms slant their reports toward the prior beliefs of their customers in order to build a reputation for quality. Bias … quality when its reports conform to the consumer's prior expectations. We use this fact to build a model of media bias in … emerges in our model even though it can make all market participants worse off. The model predicts that bias will be less …
Persistent link: https://www.econbiz.de/10012467012
Firms have inefficiently low incentives to innovate when other firms benefit from their inventions and the innovating firm therefore does not capture the full surplus of its innovations. We show that common ownership of firms mitigates this impediment to corporate innovation. By contrast,...
Persistent link: https://www.econbiz.de/10014512046
This paper surveys the relevant existing literature that can help researchers and policy makers understand the drivers of competition in markets that constitute the provision of artificial intelligence products. The focus is on three broad markets: training data, input data, and AI predictions....
Persistent link: https://www.econbiz.de/10014512124
This article addresses developments in the literature on The Rise of Market Power. First, it summarizes research about the result of De Loecker 2020 that the sales-weighted average markup has increased in the United States. Second, it summarizes and evaluates a set of industry studies that...
Persistent link: https://www.econbiz.de/10014576656
We hand-collect and standardize information describing all 3,055 antitrust lawsuits brought by the Department of Justice (DOJ) between 1971 and 2018. Using restricted establishment-level microdata from the U.S. Census, we compare the economic outcomes of a non-tradable industry in states...
Persistent link: https://www.econbiz.de/10014337831
, creating urgent needs for both a workable definition of platform bias and ways to detect and measure it. We develop a simple … below the frontier that maximizes a weighted sum of seller and consumer surplus. This framework leads to two bias testing … the use of our structural framework directly, producing estimates of both platform bias and its welfare cost. The EU …
Persistent link: https://www.econbiz.de/10014421191
Antitrust enforcement in the United States has declined since the 1960s. Building on several new datasets, we argue that this decline did not reflect a popular demand for weaker enforcement or any other kind of democratic sanction. The decline was engineered by unelected regulators and judges...
Persistent link: https://www.econbiz.de/10013361981