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Biased Experts, Costly Lies, and Binary Decisions
Hodler, Roland; Loertscher, Simon; Rohner, Dominic - 2010
Decision makers lacking crucial specialist know-how often consult with better informed but biased experts. In our model …, and to situations with multiple experts and uncertainty about the size of the expert's bias. …
Persistent link: https://www.econbiz.de/10011430094
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Sequential Aggregation of Verifiable Information
Hahn, Volker - 2010
We introduce the notion of verifiable information into a model of sequential debate among experts who are motivated by … career concerns. We show that self-censorship may hamper the efficiency of information aggregation, as experts withhold … phenomenon, and the probability of the correct state of the world being revealed always converges to one as the group of experts …
Persistent link: https://www.econbiz.de/10011753200
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Geography or skills: What explains Fed watchers’ forecast accuracy of US monetary policy?
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006
The paper shows that there is a substantial degree of heterogeneity in forecast accuracy among Fed watchers. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points between the best and worst-performers...
Persistent link: https://www.econbiz.de/10011604741
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Nicht nur mit Ökonomen ist Staat zu machen: Kommentar
Wagner, Gert G. - In: DIW Wochenbericht 76 (2009) 49, pp. 870
Persistent link: https://www.econbiz.de/10011602104
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First Author Determinants: An Empirical Analysis
van Praag, Mirjam; van Praag, Bernard M.S. - 2006
Alphabetic name ordering on multi-authored academic papers_new, which is the convention in theeconomics discipline and various other disciplines, is to the advantage of people whose lastname initials are placed early in the alphabet. As it turns out, Professor A, who has been afirst author more...
Persistent link: https://www.econbiz.de/10010324749
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The Benefits of Being Economics Professor A (and not Z)
van Praag, C. Mirjam; van Praag, Bernard M.S. - 2007
Alphabetic name ordering on multi-authored academic papers_new, which is the convention in theeconomics discipline and various other disciplines, is to the advantage of people whose lastname initials are placed early in the alphabet. As it turns out, Professor A, who has been afirst author more...
Persistent link: https://www.econbiz.de/10010325380
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Anchoring the yield curve using survey expectations
Altavilla, Carlo; Giacomini, Raffaella; Ragusa, Giuseppe - 2014
The dynamic behaviour of the term structure of interest rates is difficult to replicate with models, and even models with a proven track record of empirical performance have underperformed since the early 2000s. On the other hand, survey expectations are accurate predictors of yields, but only...
Persistent link: https://www.econbiz.de/10011605677
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The global impact of the U.S. inflation reduction act: Evidence from an international expert survey
Gründler, Klaus; Heil, Philipp; Potrafke, Niklas; … - 2023
quantity of potential adverse effects. We conduct a large-scale international survey among leading economic experts worldwide … to quantify the effect of the US Inflation reduction act on the global economy. On a global scale, experts are little … countries and regions. In Europe, particularly in France and Germany, economic experts are highly concerned about the IRA and …
Persistent link: https://www.econbiz.de/10014296336
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Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach
Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 2000
A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of a disputed asset is unknown to the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....
Persistent link: https://www.econbiz.de/10010324483
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No derivative shareholder suits in Europe: A model of percentage limits and collusion
Grechenig, Kristoffel; Sekyra, Michael - 2010
We address one of the cardinal puzzles of European corporate law: the lack of derivate share-holder suits. We explain this phenomenon on the basis of percentage limits which require share-holders to hold a minimum amount of shares in order to bring a lawsuit. We show that, under this legal...
Persistent link: https://www.econbiz.de/10010270439