Showing 1 - 10 of 3,059
Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce … "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three … selection and fixed effects regressions support the model's predictions and show that causality goes from good experts to fair …
Persistent link: https://www.econbiz.de/10011279266
We analyze a one-shot experiment on the traveler's dilemma in which members of the Game Theory Society, were asked to …
Persistent link: https://www.econbiz.de/10005090442
Evidence on behavior of experts in credence goods markets raises an important causality issue: Do ”fair prices” induce … ”good behavior”, or do ”good experts” post ”fair prices”? To answer this question we propose and test a model with three … selection and fixed effects regressions support the model’s predictions and show that causality goes from good experts to fair …
Persistent link: https://www.econbiz.de/10010617818
issues is an ‘experimentally-adapted’ CV survey which involves laboratory experiment conducted among Ghanaian University … students. Notwithstanding the limitations arising from the sample used in our experiment (most notably University students do …
Persistent link: https://www.econbiz.de/10005059094
provides an answer to both issues, showing how using an incentive compatible experiment produces, in the case of Ghana …
Persistent link: https://www.econbiz.de/10005090515
Проанализированы положения законопроекта, направленного на реформирование части четвертой Гражданского кодекса РФ
Persistent link: https://www.econbiz.de/10011229406
In this paper we model the market for a homogeneous good and examine the role of information in determining market outcomes. Unlike in Baye and Morgan (2001) where consumers can only learn about the prices charged by different firms by subscribing to an information intermediary’s service, we...
Persistent link: https://www.econbiz.de/10005651480
We construct a model whereby stock exchanges take a new role as an information intermediary, notably absent in their roles. We show that exchanges differentiate themselves at subgame perfect equilibrium and will not race to the top or to the bottom.
Persistent link: https://www.econbiz.de/10010572271
This study examines whether the corporate governance rankings published by The Globe and Mail, a reputed national Canadian newspaper, are reflected in the values that investors accord to firms. A sample of 796 observations on 289 Canadian companies from 2002-2005 inclusively was analyzed using a...
Persistent link: https://www.econbiz.de/10008792967
We construct a model whereby stock exchanges take a new role as an information intermediary, notably absent in their roles. We show that exchanges differentiate themselves at subgame perfect equilibrium and will not race to the top or the bottom.
Persistent link: https://www.econbiz.de/10005553356