Showing 1 - 10 of 248
Persistent link: https://www.econbiz.de/10005107565
This paper brings experimental evidence on investors' behavior subject to an "illiquidity" constraint, where the success of a risky project depends on the participation of a minimum number of investors. The experiment is set up as a frameless coordination game that replicates the investment...
Persistent link: https://www.econbiz.de/10010930171
This paper provides a dynamic analysis of the market for academic publications. Given imperfect information about journals' editorial line, authors can sometimes target a wrong journal; in turn, the editor will desk-reject their paper. An equilibrium is de…ned as a situation where both editors...
Persistent link: https://www.econbiz.de/10010930229
Persistent link: https://www.econbiz.de/10005301753
Persistent link: https://www.econbiz.de/10005361959
This paper analyzes the effect of stricter sanctions against fraudulent disclosure in an economy where commercial lenders have only an imperfect information about the type of the firm they trade with. In the hybrid Bayesian equilibrium, some managers running fragile firms claim that their firm...
Persistent link: https://www.econbiz.de/10005372314
This paper develops a simple model of the market for academic publications in business and economics. The supply of papers is presented as the outcome of a game between researchers and schools' deans under imperfect information about the quality of a given paper. The demand for papers brings...
Persistent link: https://www.econbiz.de/10005381000
Persistent link: https://www.econbiz.de/10005210365
Continental European countries used to finance defence firms with public money. In the last few years, many governments aimed at implementing a hands-off policy towards the defence sector, which implies a gradual transition from public to private funding. This paper argues that the absence of...
Persistent link: https://www.econbiz.de/10005021660
The paper develops a simple model of the market for academic publications in business and economics. The supply of papers is presented as the outcome of a game between researchers and schools’ deans under imperfect information about the quality of a given paper. The demand for papers brings...
Persistent link: https://www.econbiz.de/10005021669