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Sequential, multidimensional screening : conference paper

Litterscheid, Sina; Szalay, Dezsö - 2014

We study a sequential screening problem where the agent produces an object consisting of multiple items and has a multidimensional type that he learns over time. Depending on the strength of complementarity/substitutability of the items, the optimal allocation features a different pattern of...

Persistent link: https://www.econbiz.de/10010491117

Image concerns and the provision of quality : conference paper

Friedrichsen, Jana - 2014

Consumption patterns can be indicative of how a consumer wants to be perceived by others. In this paper, I study markets where consumers are heterogeneous with respect to both their concerns for the quality of goods and the image associated with buying them. Consumers with a taste for quality...

Persistent link: https://www.econbiz.de/10010483881

Taxation, innovation and entrepreneurship : conference paper

Gersbach, Hans; Schetter, Ulrich; Schneider, Maik T. - 2013 - This version: February 2013

We examine how basic research should be financed. While basic research is a public good benefiting innovating entrepreneurs it also affects the entire economy: occupational choices of potential entrepreneurs, wages of workers, dividends to shareholders, and aggregate output. We show that the...

Persistent link: https://www.econbiz.de/10010342234

China's technology subsidies : much ado about nothing? ; conference paper

Boeing, Philipp - 2014 - Very preliminary conference version

This study investigates the allocation and effect of technology subsidies on R&D activities and technology acquisitions … of Chinese domestic firms. We exploit novel firm data which includes information on subsidies, R&D, patents, trade, and … balance sheet indicators. Conditional difference-in-difference estimation confirms that the innovation policy of China s …

Persistent link: https://www.econbiz.de/10010488541

Tapping the financial wisdom of the crowd : crowdfunding as a tool to aggregate vague information ; conference paper

Hakenes, Hendrik; Schlegel, Friederike - 2014

Crowdfunding, a novel form of financing, has seen massive growth over the last few years. Under crowdfunding, a large number of small households offers small loans to a firm. But if some threshold is missed, the firm cannot draw the loans. We construct a model to argue that this mechanism can be...

Persistent link: https://www.econbiz.de/10010489281

Optimal procurement and outsourcing of production in small industries : conference paper

Rosar, Frank - 2013 - This version: February 5, 2013

I study the interaction between optimal procurement and outsourcing of production in small industries. First, two sellers decide about outsourcing. By outsourcing, a seller loses information about the costs of producing to his supplier. Then the buyer designs the procurement mechanism and...

Persistent link: https://www.econbiz.de/10010340964

Negotiating cultures in corporate procurement : conference paper

Rosar, Frank; Müller, Florian - 2014 - (This version: February 5, 2014)

For a repeated procurement problem, we compare two stylized negotiating cultures which differ in how the buyer uses an entrant to exert pressure on the incumbent resembling U.S. style and Japanese style procurement. In each period, the suppliers are privately informed about their production...

Persistent link: https://www.econbiz.de/10010490631

Smooth, strategic communication : conference paper

Deimen, Inga; Szalay, Dezsö - 2014

We study strategic communication between a Sender and Receiver who are both uncertain about their preferred actions. The Sender observes noisy signals about both players' ideal policies and then communicates with the Receiver. Even though Sender and Receiver disagree about ideal policies as a...

Persistent link: https://www.econbiz.de/10010482440

Old money, the nouveau riche and Brunhilde's marriage dilemma : conference paper

Bronsert, Anne-Kathrin; Glazer, Amihai; Konrad, Kai A. - 2014

This paper proposes a screening approach to explain why dating is associated with purchasing status products and conspicuous gift giving. A potential bride searching for a husband may seek to screen candidates whose income is only partially observable. Taking into account that she also bears...

Persistent link: https://www.econbiz.de/10010484412

Bayesian persuasion by stress test disclosure : conference pape

Gick, Wolfgang; Pausch, Thilo - 2013

This paper argues that stress tests encompassing the entire banking sector (macro stress tests) can be designed to improve welfare. We develop a multi-receiver framework of Bayesian persuasion to show that a banking supervisor can create value when he commits to disclose the stress-testing...

Persistent link: https://www.econbiz.de/10010339955

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