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Financing Infrastructure in the Shadow of Expropriation
Acharya, Viral V.; Parlatore, Cecilia; Sundaresan, Suresh M. - National Bureau of Economic Research - 2022
subsidies, development rights, and cross-guarantees …
Persistent link: https://www.econbiz.de/10013334350
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Do Funding Agencies Select and Enable Risky Research : Evidence from ERC Using Novelty as a Proxy of Risk Taking
Veugelers, Reinhilde; Wang, Jian; Stephan, Paula E. - National Bureau of Economic Research - 2022
Concern exists that public funding of science is increasingly risk averse. Funders have addressed this concern by soliciting the submission of high-risk research to either regular or specially designed programs. Little evidence, however, has been gathered to examine the extent to which such...
Persistent link: https://www.econbiz.de/10013361975
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Customer Data Access and Fintech Entry : Early Evidence from Open Banking
Babina, Tania; Bahaj, Saleem; Buchak, Greg; De Marco, … - National Bureau of Economic Research - 2024
Open banking (OB) empowers bank customers to share transaction data with fintechs and other banks. 49 countries have adopted OB policies. Consumer trust in fintechs predicts OB policy adoption and adoption spurs investment in fintechs. UK microdata shows that OB enables: i) consumers to access...
Persistent link: https://www.econbiz.de/10014468288
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Tech-Driven Intermediation in the Originate-to-Distribute Model
He, Zhiguo; Jiang, Sheila; Xu, Douglas - National Bureau of Economic Research - 2024
This paper develops a general equilibrium model to examine the role of information technology when intermediaries facilitate the origination and distribution of assets given information asymmetry. Information technology measures the informativeness of asset-quality signals received by...
Persistent link: https://www.econbiz.de/10014468252
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Persuading with Anecdotes
Haghtalab, Nika; Immorlica, Nicole; Lucier, Brendan; … - National Bureau of Economic Research - 2021
We study a model of social learning and communication using hard anecdotal evidence. There are two Bayesian agents (a sender and a receiver) who wish to communicate. The receiver must take an action whose payoff depends on their personal preferences and an unknown state of the world. The sender...
Persistent link: https://www.econbiz.de/10012510540
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Signaling in Online Credit Markets
Kawai, Kei; Onishi, Ken; Uetake, Kosuke - National Bureau of Economic Research - 2021
We study how signaling affects equilibrium outcomes and welfare in an online credit market using detailed data on loan … through the reserve interest rate. Comparing a market with and without signaling relative to the benchmark with no asymmetric … signaling. We also estimate backward-bending supply curves for some markets, consistent with the prediction of Stiglitz & Weiss …
Persistent link: https://www.econbiz.de/10012629488
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Signaling and Employer Learning with Instruments
Aryal, Gaurab - 2019
and 30% to education signaling workers' ability …
Persistent link: https://www.econbiz.de/10012479834
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Signaling, Shame, and Silence in Social Learning
Chandrasekhar, Arun G. - 2018
reputation may refrain from asking to avoid signaling low ability. Separately, low-ability individuals may feel inhibited even if … their ability is known and there is nothing to signal, an effect we term shame. Signaling and shame constitute an overall … is correlated with cognitive ability. The second arm allows us to assess the contributions of signaling and shame, and …
Persistent link: https://www.econbiz.de/10012480821
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Choice Screen Auctions
Ostrovsky, Michael - 2020
Choice screen auctions have been recently deployed in 31 European countries, allowing consumers to choose their preferred search engine on Google's Android platform instead of being automatically defaulted to Google's own search engine. I show that a seemingly minor detail in the design of these...
Persistent link: https://www.econbiz.de/10012482310
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Face Value : Information and Signaling in an Illegal Market
Logan, Trevon - 2009
the market in a way that makes signaling credible. Using our institutional knowledge, we also identify the specific signal …
Persistent link: https://www.econbiz.de/10012463772