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Endogenous Attention Costs and Intertemporal Decision-Making

Dragone, Davide - 2006

Recent contributions on intertemporal decision-making and self-control have focused on the impact of cognitive constraints on the way people behave over time. In particular there is evidence on the fact that exerting cognitive effort on the job, adhering to some specific behavioral plan and...

Persistent link: https://www.econbiz.de/10011651464

Horizontal Mergers with Scale Economies

Dragone, Davide; Lambertini, Luca; Mantovani, Andrea - 2006

We examine the profitability and social efficiency of horizontal mergers in a Cournot oligopoly with decreasing average costs. Assuming the merger allows for a reduction in the total amount of fixed costs, we identify the conditions under which the merger is, respectively, profitable and...

Persistent link: https://www.econbiz.de/10011651465

Optimal Opportunistic Monetary Policy in A New-Keynesian Model

Marzo, Massimiliano; Strid, Ingvar; Zagaglia, Paolo - 2006

The present paper compares the performance in terms of second order accurate welfare of opportunistic non-linear Taylor rules and with respect to traditional linear Taylor rules. The macroeconomic model representing the benchmark for the analysis includes capital accumulation (with quadratic...

Persistent link: https://www.econbiz.de/10011651467

Did the entry of low cost companies foster the growth of strategic alliances in the airline industry?

Mantovani, Andra; Tarola, Ornella - 2006

In this paper we adopt a vertical differentiation model to study the effect of deregulation in the airline industry. In particular, we focus on the entry of low cost companies, which succeed in providing essential flight services at relatively cheap prices. We argue that the entry of very...

Persistent link: https://www.econbiz.de/10011651468

A Politico-Economic Model of Aging, Technology Adoption and Growth

Lancia, Francesco; Prarolo, Giovanni - 2007

innovation policy. The theory focuses on the crucial role played by heterogeneous interests in determining innovation policies … expectancy and edu- cational attainment. This paper provides a positive theory that explains how an economy might evolve when the …, which are one of the keys to the growth process: the economy can be discontinuously innovation-oriented due to the different …

Persistent link: https://www.econbiz.de/10011651484

The Importance of Trust for Investment: Evidence from Venture Capital

Bottazzi, Laura; Da Rin, Marco; Hellmann, Thomas - 2007

This paper examines the effect of trust in a micro-economic environment, where trust is clearly exogenous. Using a hand-collected data on European venture capital, we show that the Eurobarometer measure of trust among nations significantly affects investment decisions. This holds even after...

Persistent link: https://www.econbiz.de/10011651506

A Note on Mountford's manuscript "Can a Brain Drain be good for growth in the source economy?"

Giannoccolo, Pierpaolo - 2008

In this briefly note we extend the Mountford.s article "Can a Brain Drain be good for growth in the source economy?" by introducing an active role of the government in the education decisions of the agent by public education, taxes and subsidies. First, we demonstrate that the main results...

Persistent link: https://www.econbiz.de/10011651546

Bidimensional quality competition and scope economies

Garella, Paolo G.; Lambertini, Luca - 2008

In markets where product quality is important, more than one characteristic is usually necessary to define product quality and the amelioration of the goods characteristics is usually costly. Then, properties of production technologies, in particular if they exhibit economies or diseconomies of...

Persistent link: https://www.econbiz.de/10011651547

Emotional Decision-Makers and Anomalous Attitudes towards Information

Barigozzi, Francesca; Levaggi, Rosella - 2009

We use a simple version of the Psychological Expected Utility Model (Caplin and Leahy, QJE, 2001) to analyze the optimal choice of information accuracy by an individual who is concerned with anticipatory feeling. The individual faces the following trade-off: on the one hand information may lead...

Persistent link: https://www.econbiz.de/10011651550

Genetic Information: Comparing Alternative Regulatory Approaches when Prevention Matters

Barigozzi, Francesca; Henriet, Dominique - 2009

We compare the alternative approaches for regulating genetic information in the health insurance market when prevention measures are available. In the model, firms offer insurance contracts to consumers who are initially uninformed of their risk type but can obtain such information by performing...

Persistent link: https://www.econbiz.de/10011651551