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In this paper, we propose a framework to evaluate the information content of subjective expert density forecasts using micro data from the ECB's Survey of Professional Forecasters (SPF). A key aspect of our analysis is the use of scoring functions which evaluate the entire predictive densities,...
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We study the design of contracts that incentivize experts to collect information and truthfully report it to a decision … on the ex post payoff of the decision maker. The contract thus has to induce the experts to "monitor each other" by …
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