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"/agricultural/informal to "modern"/industrial/formal sectors. Such transitions are usually accompanied by a transition in the economic …
Persistent link: https://www.econbiz.de/10012059911
receiver plays the sender's ideal action with positive probability and the sender provides full information as long as he has …
Persistent link: https://www.econbiz.de/10012060207
of privately known competence, who cares about his reputation, chooses the timing of the forecast regarding the outcome …. Further, any report hurts the forecaster's reputation in the short run, with later reports incurring larger penalties. The … reputation of a silent forecaster, on the other hand, gradually improves over time. …
Persistent link: https://www.econbiz.de/10012140661
investigate cooperation when information about players' reputations spreads to their future partners through links in a social … network that connects them. We find that information supports cooperation by increasing trust between players, and obtain the … are more likely to receive information through their network connections. Both aspects of trust are linked to new …
Persistent link: https://www.econbiz.de/10011928009
We develop and estimate a general equilibrium model in which monetary policy can deviate from active in.ation stabilization and agents face uncertainty about the nature of these deviations. When observing a deviation, agents conduct Bayesian learning to infer its likely duration. Under...
Persistent link: https://www.econbiz.de/10011460672
, that with a high cooperation premium and good information, investment in reputation grows across sets of finitely … remains unclear. In each of six treatments that vary the cooperation premium and the informational basis for reputation … forces of (a) learning about the benefits of reputation, and (b) learning about backward unraveling. We find, inter alia …
Persistent link: https://www.econbiz.de/10010420270
gradually builds up her reputation. Principal provides full information in every period as long as he has always observed his …
Persistent link: https://www.econbiz.de/10011696314
We develop and estimate a general equilibrium model to quantitatively assess the effects and welfare implications of central bank transparency. Monetary policy can deviate from active inflation stabilization and agents conduct Bayesian learning about the nature of these deviations. Under...
Persistent link: https://www.econbiz.de/10011776844
. This paper examines the effect of information on the gender gap in tournament entry. We present experimental evidence that …
Persistent link: https://www.econbiz.de/10010276874
assign parents to either an information group, who receives text messages with weekly data on their child's attendance and …-specific information. While information has large impacts on attendance, test scores and grade promotion relative to the control group …
Persistent link: https://www.econbiz.de/10012244612