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Cabrales, Antonio; Gossner, Olivier; Serrano, Roberto - 2012

An information transaction entails the purchase of information. Formally, it consists of an information structure … together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent …'s preferences for information. The index of information transactions has a simple analytic characterization in terms of the relative …

Persistent link: https://www.econbiz.de/10009633817

The Power of Information : How Do U.S. News Rankings Affect the Financial Resources of Public Colleges?

Jin, Ginger Zhe; Whalley, Alex - 2007

national universities and colleges. This paper utilizes this exogenous information shock to identify the impact of college … quality information on the financial resources of public colleges. Using college level data from 1987 to 1995, we have three …

Persistent link: https://www.econbiz.de/10014052798

The Behavioral Divide. A Critique of the Differential Implementation of Behavioral Law and Economics in the US and the EU

Hacker, Philipp - 2017

A behavioral divide cuts across the Atlantic. Despite the recent surge of behavioral analysis in European academia, a scrutiny of decisions by courts and regulatory agencies in the US and the EU reveals striking differences: While in the US rulings by courts and regulatory agencies progressively...

Persistent link: https://www.econbiz.de/10012971712

A note on uncertainty due to infectious diseases and output growth of the United States : a mixed-frequency forecasting experiment

Salisu, Afees A.; Gupta, Rangan; Demirer, Rıza - In: Annals of financial economics 17 (2022) 2, pp. 1-9

Persistent link: https://www.econbiz.de/10013262971

The equilibrium set of economies with a continuous consumption space

Covarrubias, Enrique - 2010

We study global properties of the equilibrium set of economies with a continuous consumption space. This framework is important in intertemporal allocation problems (continuous or infinite time), financial markets with uncertainty (continuous states of nature) and commodity differentiation. We...

Persistent link: https://www.econbiz.de/10008656723

Selection in asset markets : the good, the bad, and the unknown

Bottazzi, Giulio; Dindo, Pietro - 2011

, then market rewards the best informed agent. As a result asset prices eventually reflect this information and the market …

Persistent link: https://www.econbiz.de/10009009683

Donations to US based NGOs in international development cooperation : how (un-)informed are private donors?

Nunnenkamp, Peter; Öhler, Hannes - 2011

publicly available information on NGO characteristics, notably the "price of giving" and the degree of specialization, when …

Persistent link: https://www.econbiz.de/10010346420

Sharing responsibility with a machine

Kirchkamp, Oliver; Strobel, Christina - 2018

Humans make decisions jointly with others. They share responsibility for the outcome with their interaction partners. Today, more and more often the partner in a decision is not another human but, instead, a machine. Here we ask whether the type of the partner, machine or human, affects our...

Persistent link: https://www.econbiz.de/10011899056

Price Dispersion and Demand Uncertainty : Evidence from US Scanner Data

Eden, Benjamin - 2014

I use the Prescott (1975) hotels model to explain variations in price dispersion across goods sold by supermarkets in Chicago. I extend the theory to accounts for the monopoly power of chains and for non-shoppers. The main empirical finding is that the effect of demand uncertainty on price...

Persistent link: https://www.econbiz.de/10013046882

Going public - going private: The case of VC-backed firms

Gill, Andrej; Walz, Uwe - 2012

We investigate the decisions of listed firms to go private once again. We start by revealing that while a significant number of firms which go public is VC-backed, an overproportional share of these VC-backed firms go private later on (they stay on the exchange for an average of 8.5 years). We...

Persistent link: https://www.econbiz.de/10010308550