Narrow search
Showing 1 - 10 of 5,301
Cover Image
Imperfect information and the Meltzer-Richard hypothesis
Bredemeier, Christian - 2010
sufficient to generate increasing income skewness and decreasing redistribution in the presence of upward mobility. -- Voting …Despite a strong theoretical prediction that income skewness and redistribution should be positively linked, empirical … skewness. Under imperfect information, these developments affect redistribution in different ways. While rising polarization …
Persistent link: https://www.econbiz.de/10008933747
Cover Image
Imperfect Information and the Meltzer - Richard Hypothesis
Bredemeier, Christian - 2010
Despite a strong theoretical prediction that income skewness and redistribution should be positively linked, empirical … skewness. Under imperfect information, these developments affect redistribution in different ways. While rising polarization … increases redistribution, upward mobility can have the opposite effect. Reasonable degrees of informational imperfection are …
Persistent link: https://www.econbiz.de/10013135849
Cover Image
Imperfect information and the Meltzer-Richard hypothesis
Bredemeier, Christian - In: Public choice 159 (2014) 3/4, pp. 561-576
Persistent link: https://www.econbiz.de/10010387766
Cover Image
Information frictions and learning dynamics : evidence from tax avoidance in Ecuador
Bohne, Albrecht; Nimczik, Jan Sebastian - 2018
We show how experience and dynamic learning processes reduce the obstacles to optimization imposed by information frictions when individuals newly enter the formal sector economy. Most importantly, we provide causal evidence on the exact mechanisms through which individuals learn about the...
Persistent link: https://www.econbiz.de/10011865317
Cover Image
Information Frictions and Learning Dynamics : Evidence from Tax Avoidance in Ecuador
Bohne, Albrecht - 2018
We show how experience and dynamic learning processes reduce the obstacles to optimization imposed by information frictions when individuals newly enter the formal sector economy. Most importantly, we provide causal evidence on the exact mechanisms through which individuals learn about the...
Persistent link: https://www.econbiz.de/10012918220
Cover Image
Equilibrium selection in sequential games with imperfect information
Eguia, Jon X.; Llorente-Saguer, Aniol; Morton, Rebecca B.; … - 2014
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path. Standard selection criteria such as passive beliefs, symmetric beliefs or wary beliefs rest on ad hoc restrictions on beliefs. We propose a new selection criterion that imposes...
Persistent link: https://www.econbiz.de/10010339744
Cover Image
Oligopolistic competition in price and quality
Dubovik, Andrei; Janssen, Maarten C. W. - 2008
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10011376636
Cover Image
Noisy information and fundamental disagreement
Andrade, Philippe; Crump, Richard K.; Eusepi, Stefano; … - 2013
We study the term structure of disagreement of professional forecasters for key macroeconomic variables. We document a novel set of facts: 1) forecasters disagree at all horizons, including the very long run; 2) the shape of the term structure of disagreement differs markedly across variables:...
Persistent link: https://www.econbiz.de/10010222893
Cover Image
The term structure of expectations
Crump, Richard K.; Eusepi, Stefano; Mönch, Emanuel; … - 2021
Economic theory predicts that intertemporal decisions depend critically on expectations about future outcomes. Using the universe of professional survey forecasts for the United States, we document the behavior of the entire term structure of expectations for output growth, inflation, and the...
Persistent link: https://www.econbiz.de/10012660381
Cover Image
Information campaigns for residential energy conservation
Andor, Mark Andreas; Gerster, Andreas; Peters, Jörg - 2020
This paper evaluates an intervention that randomized information letters about energy efficient investments and behaviors among 120,000 customers of two utilities in Germany. We find that conservation effects differ considerably between both utilities, ranging from a precisely estimated zero...
Persistent link: https://www.econbiz.de/10012422024