Showing 1 - 10 of 603
costs fails to generate sufficient exits. Extending the model to allow for experience-based learning, whereby agents form …
Persistent link: https://www.econbiz.de/10015195413
We show that a one-off incentive to bias advice has a persistent effect on advisers' own actions and their future recommendations. In an experiment, advisers obtained information about a set of three differently risky investment options to advise less informed clients. The riskiest option was...
Persistent link: https://www.econbiz.de/10011663187
We show that a one-off incentive to bias advice has persistent effects. In an experiment, some advisers were paid a bonus to recommend a lottery which only risk-seeking individuals should choose to a less informed client. Afterwards, they had to choose for themselves and make a second...
Persistent link: https://www.econbiz.de/10011784286
The health care systems in the Nordic countries are facing key challenges. While the possibilities and willingness to expand health care resources are limited, the demand for health care are increasing due to continuous development of new medical technologies, changing demographics, increasing...
Persistent link: https://www.econbiz.de/10013208649
China's central government has rightfully recognized that successful urbanization will be decisive for the nation's future development. However, most city regions in China are not yet enjoying the net benefits that agglomerations in metropolitan regions can initiate. In this regard, following...
Persistent link: https://www.econbiz.de/10010491263
As it has rightfully been recognized by China's central government, successful urbanization will be decisive for the nation's future development. Key challenges will be to realize urbanization economies, improve production and innovation capabilities, direct urban and suburban growth and improve...
Persistent link: https://www.econbiz.de/10010322814
We construct a dynamic theory of civil conflict hinging on inter-ethnic trust and trade. The model economy is inhabitated by two ethnic groups. Inter-ethnic trade requires imperfectly observed bilateral investments and one group has to form beliefs on the average propensity to trade of the other...
Persistent link: https://www.econbiz.de/10010316887
We address the problem of learning and implementation on the Internet. When agents play repeated games in distributed … the essential properties that constitute ``reasonable'' learning behavior in distributed environments. We then study the …
Persistent link: https://www.econbiz.de/10010334355
The use of coarse categories is prevalent in various situations and has been linked to biased economic outcomes, ranging from discrimination against minorities to empirical anomalies in financial markets. In this paper we study economic rationales for categorizing coarsely. We think of the way...
Persistent link: https://www.econbiz.de/10011380993
This paper analyses the effect of firm learning on labor market efficiency in a frictional labor market with asymmetric … unknown to firms at the hiring stage. Firm learning increases relative expected earnings in high-ability jobs and, thereby … indeterminate a priori. Numerical results show that firm learning does not increase labor market efficiency. …
Persistent link: https://www.econbiz.de/10012140929