This study develops a general equilibrium model within which self revelation of ability - that is not accompanied by any signaling - is compatible with arrival at rational expectations equilibriums (REE). In the model, economic agents either are 'confident', 'overconfident', or 'under-confident'...

This study develops a new formal theoretical rubric for ranking of proxies for institutional factors that, conceptually, have taxonomy of either of facilitators of, or constraints on economic development. Illustrative implementations of the formal theoretical rubric reveal that spending on each...

The formal theoretical model in this study enables segmentation of countries with respect to three factors, namely, the extent to which income inequality is adopted as a policy variable; the extent to which there is focus on generation of either of `incremental', or `disruptive' innovations; and...

The formal theoretical model in this study provides general equilibrium evidence that a country's ranking with respect to either of income inequality (αr), or GDP Per Capita (Gr) each are better statistics for a country's `placement' in the cross-section of countries than either of actual...

This study provides formal theoretical evidence that, in of itself, and subsequent to the first day of trading, applications of the Gordon Growth Model to pricing of publicly traded equity incorporate informational `noise' and/or `shading of information' that, theoretically, are unbounded....

Studies of monetary efficiency have focused principally on output, inflation, unemployment and interest rates as sources of monetary efficiency. This study demonstrates trade balances outperform output, inflation, and unemployment rates as sources of monetary efficiency within domestic...

Suppose entrepreneurs within venture capital markets accept 'lower than reservation prices' from reputable venture capitalists (VCs). This study shows negative relations between project prices and VCs' reputation ('reputation price discounts') are best explained by presence of an ability measure...

This study develops an empirical algorithm within which the incentive for signaling of private information in course of IPOs is implemented as a conditional, as opposed to an unconditional incentive. Suppose high quality issuers of IPOs signal private information, and suppose presence of cohorts...