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We consider a setting in which two potential merger partners each possess private information pertaining both to the profitability of the merged entity and to stand-alone profits, and we investigate the extent to which this private information makes ex-post regret an unavoidable phenomenon in...
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We model the decisions of young individuals to stay in school or drop-out and engage in criminal activities. We build on the literature on human capital and crime engagement and use the framework of Banerjee (1993) that assumes that the information needed to engage in crime arrives in the form...
Persistent link: https://www.econbiz.de/10008746932
Organizations design their communication structures to improve decision-making while limiting wasteful influence activities. An efficient communication protocol grants completeinformation payoffs to all organization members, thereby overcoming asymmetric information problems at no cost. This...
Persistent link: https://www.econbiz.de/10013463790
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10009737413
This paper investigates the relationship between intra-industry trade (IIT) and immigration flows using a gravity model for the period 2000-2010 between Portugal and European Union’s Member States (EU-27). The present study uses the methodology of Kandogan (2003) for separating IIT into its...
Persistent link: https://www.econbiz.de/10009714371
ready-to-use indexes of human mobility spanning 131 countries and territories and 818 sub-national regions across a time … period between 16 February 2020 to 29 March 2020. We extract these data from Google's newly released mobility reports, which … cover phone-tracking-based changes in mobility across several types of locations, including retail and recreation, grocery …
Persistent link: https://www.econbiz.de/10012241929
attitudes. We explore human mobility patterns as a measure of behavioural responses during the COVID-19 pandemic. Our results … indicate a strong negative relationship between mobility reduction and risk-taking preferences. We find that the sharp decline … in movement after the WHO (World Health Organization) declared COVID-19 to be a pandemic can be attributed to risk …
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