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Why do firms hold oil stockpiles?
Mason, Charles F. - 2011
Persistent and significant privately-held stockpiles of crude oil have long been an important empirical regularity in the United States. Such stockpiles would not rationally be held in a traditional Hotelling-style model. How then can the existence of these inventories be explained? In the...
Persistent link: https://www.econbiz.de/10009419703
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It's the media, stupid: how media activity shapes public spending
Bruns, Christian; Himmler, Oliver - 2008
Politicians seeking reelection need voters to know what they have done for them. Thus, incentives may arise to spend more money where media coverage is higher. We present a simple model to explain the allocation of public spending across jurisdictions contingent on media activity. An incumbent...
Persistent link: https://www.econbiz.de/10010264514
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Dynamic global games of regime change : learning, multiplicity, and timing of attacks
Angeletos, Marios; Hellwig, Christian; Pavan, Alessandro - 2006
Global games of regime change – coordination games of incomplete information in which a status quo is abandoned once a … survived past attacks with the arrival of information over time, or with changes in fundamentals, leads to interesting … equilibrium properties. First, multiplicity may obtain under the same conditions on exogenous information that guarantee …
Persistent link: https://www.econbiz.de/10008665284
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Meaningful talk
Streb, Jorge M.; Torrens, Gustavo - 2011
In economics, the standard approach to language is that talk is cheap. Here, instead, language is a social convention that affects utility. Unless language is used in its ordinary sense, it cannot help to coordinate actions because there is no way of decoding it. This points to a unique...
Persistent link: https://www.econbiz.de/10008903436
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Can society function without ethical agents? : an informational perspective
Strulovici, Bruno - 2020
Many facts are learned through the intermediation of individuals with special access to information, such as law … societies can learn about such facts when information is cheap to manipulate, produced sequentially, and these individuals are … devoid of ethical motive. The answer depends on an "information attrition" condition pertaining to the amount of evidence …
Persistent link: https://www.econbiz.de/10012169405
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Strategies for advice taking : the role of epistemic social information
Wallin, Annika; McElreath, Richard - In: Economics & philosophy 31 (2015) 1, pp. 67-91
Persistent link: https://www.econbiz.de/10010532631
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Reallocation and learning over the business cycle
Schivardi, Fabiano - In: European economic review : EER 47 (2003) 1, pp. 95-111
Persistent link: https://www.econbiz.de/10001758239
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Reallocation and learning over the business cycle
Schivardi, Fabiano - 1998
Persistent link: https://www.econbiz.de/10013439168
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Climate Regulation of the Electricity Industry : A Comparative View from Australia, Great Britain, South Korea, and the United States
Davies, Lincoln L. - 2017
Climate regulation of the electricity sector is one of the most important growing — and rapidly changing — areas of law and policy today. This is both because of the critical role that electricity plays in modern society, acting as economic lifeblood, and because of electricity's part in...
Persistent link: https://www.econbiz.de/10012955867
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Compensation for Electricity Consumers Under a U.S. CO2 Emissions Cap
Paul, Anthony C. - 2014
Policies to cap emissions of carbon dioxide (CO2) in the U.S. economy could pose significant costs on the electricity sector, which contributes roughly 40 percent of total CO2 emissions in the U.S. Using a detailed simulation model of the electricity sector, we evaluate alternative ways that...
Persistent link: https://www.econbiz.de/10012708463