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means of a signaling game which incorporates dynamic enforcement and learning. Interestingly, we show that the ongoing …
Persistent link: https://www.econbiz.de/10010740048
Over time, inspection agencies gather information about firms that cause harmful externalities. This information may … certain circumstances, mimicking, or even the threat of mimicking, might reduce socially harmful activities and thus be …
Persistent link: https://www.econbiz.de/10014219814
This paper introduces an agency relationship into a dynamic game with informational externalities. Two principals …
Persistent link: https://www.econbiz.de/10008861885
Persistent link: https://www.econbiz.de/10009577772
. Simulations with a least squares learning rule show that the one-shot model is a good approximation when the imprecision of …
Persistent link: https://www.econbiz.de/10013208654
. Simulations with a least squares learning rule show that the one-shot model is a good approximation when the imprecision of …
Persistent link: https://www.econbiz.de/10010734814
(2010). My model allows for an analysis of the effects of firm learning on labor market efficiency in the presence of search … frictions. I find that firm learning increases relative expected earnings in high-ability jobs and, thereby, enhances imitation … priori. Numerical results show that firm learning does not increase labor market efficiency. …
Persistent link: https://www.econbiz.de/10012306402
increase in settlement upon a denial. Thus, ex ante, learning leads to more settlement. Nevertheless, the anticipation of … learning and increased chances of settlement do not affect the initial filing decision …
Persistent link: https://www.econbiz.de/10013117008
Section 16(b) of the Securities Exchange Act of 1934 allows for the recovery of short-swing profits realized by certain insiders from trading in a corporation's stock within a period of less than six months. Three generations of corporate law students have been taught the “lowest-in,...
Persistent link: https://www.econbiz.de/10012961251
psychology of learning, and work from social scientists on learning. The paper makes the following claim: typically the law … reaches its addressees indirectly. The law is not followed, it is learned. There are two distinct learning objects. Throughout … take the form of schema-like social mirror rules, or of exemplars. Learning also is the key to understanding how …
Persistent link: https://www.econbiz.de/10014071940