Similar Search Results

Rangel, Marcos A. - 2019

Extremely rich data on farm households in Burkina Faso are used to test whether resource are allocated Pareto efficiently. The complexity of household structures, including multi-generation and polygynous households, is taken into account to developing tests from theoretical models of behavior....

Persistent link: https://www.econbiz.de/10012480455

Complex Disclosure

Jin, Ginger Zhe - 2018

Disclosure policies have the potential to help consumers and make markets more efficient. Yet, the effectiveness of disclosure policies can be undermined if firms strategically make unfavorable information unnecessarily complicated to understand. To explore the incentives for using complexity in...

Persistent link: https://www.econbiz.de/10012453045

The Virtue of Complexity in Return Prediction

Kelly, Bryan T.; Malamud, Semyon; Zhou, Kangying - National Bureau of Economic Research - 2022

The extant literature predicts market returns with "simple" models that use only a few parameters. Contrary to conventional wisdom, we theoretically prove that simple models severely understate return predictability compared to "complex" models in which the number of parameters exceeds the...

Persistent link: https://www.econbiz.de/10013334435

Complexity and Choice

Salant, Yuval; Spenkuch, Jörg L. - National Bureau of Economic Research - 2022

We develop a model of satisficing with evaluation errors that incorporates complexity at the level of individual alternatives. We test the model predictions in a novel data set with information on hundreds of millions of chess moves by experienced players. Consistent with the theory, complex...

Persistent link: https://www.econbiz.de/10013191096

Innovative Originality, Profitability, and Stock Returns

Hirshleifer, David - 2017

We propose that innovative originality (InnOrig) is a valuable organizational resource, and that owing to limited investor attention and skepticism of complexity, firms with greater InnOrig are undervalued. We find that firms' InnOrig strongly predicts higher, more persistent, and less volatile...

Persistent link: https://www.econbiz.de/10012455249

If You Had One Shot : Scale and Herding in Innovation Experiments

Arora, Ashish; Hasan, Sharique; Miles, William D. - National Bureau of Economic Research - 2025

Solving complex problems- in medicine, engineering, and other technological domains- often requires exploring multiple approaches, particularly when significant uncertainty exists about which one will lead to success. Conventional wisdom assumes that having many experimenters independently...

Persistent link: https://www.econbiz.de/10015398134

Business environment and firm entry : evidence from international data

Klapper, Leora - 2004

"Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a country drives the creation of new firms. Our focus is on regulations governing entry. We find entry regulations hamper entry, especially in industries that naturally should have...

Persistent link: https://www.econbiz.de/10010523101

Business Environment and Firm Entry : Evidence from International Data

Klapper, Leora - 2004

Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a country drives the creation of new firms. Our focus is on regulations governing entry. We find entry regulations hamper entry, especially in industries that naturally should have...

Persistent link: https://www.econbiz.de/10012468313

Merger Policy and Innovation : Must Enforcement Change to Account for Technological Change?

Katz, Michael L. - 2004

beyond its traditional focus on static efficiency to account for innovation and address dynamic efficiency. Innovation can … fundamentally affect merger analysis in two ways. First, innovation can dramatically affect the relationship between the pre …-merger marketplace and what is likely to happen if a proposed merger is consummated. Thus, innovation can fundamentally influence the …

Persistent link: https://www.econbiz.de/10012467980

Creativity Under Fire : The Effects of Competition on Creative Production

Gross, Daniel P. - 2018

Though fundamental to innovation and essential to many industries and occupations, individual creativity has received … effects of competition on individuals' creative production. Using a sample of commercial logo design competitions, and a novel …, content-based measure of originality, I find that intensifying competition induces agents to produce original, untested ideas …

Persistent link: https://www.econbiz.de/10012480710