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Biermann, Jan; Horton, John J.; Walter, Johannes - 2023

Actors in various settings have been increasingly relying on algorithmic tools to support their decision-making. Much of the public debate concerning algorithms - especially the associated regulation of new technologies - rests on the assumption that humans can assess the quality of algorithms....

Persistent link: https://www.econbiz.de/10014263022

Blockchain-based Academic Journals

Choi, Kyoung Jin; Park, Jaevin - 2021

This study investigates the economic implications of blockchain-based academic journals, proposed by the recent computer science literature, in which authors and referees are individually incentivized. We construct a model in which the journal publishes qualified papers under two types of...

Persistent link: https://www.econbiz.de/10013244006

Selling Advice and Creating Expectations : Why Brokers Should Be Fiduciaries

Laby, Arthur B. - 2017

Investors face a dizzying array of choices regarding where to invest their funds and increasingly rely on experts for advice. Most advice about securities is provided by investment advisers or broker-dealers, legal categories with little meaning to most people but fraught with consequences....

Persistent link: https://www.econbiz.de/10012949750

Fiduciary Principles in Investment Advice

Laby, Arthur B. - 2019

The importance of investment advisers to the financial well-being of their clients cannot be overstated. Individuals and institutions entrust trillions of dollars to investment advisers to manage on their behalf. This paper discusses and explains fiduciary principles in investment advice....

Persistent link: https://www.econbiz.de/10012862365

Advisors as Fiduciaries

Laby, Arthur B. - 2020

This Article provides the first sustained account of advice-giving as a fiduciary activity, and it demonstrates that the dominant approach to defining fiduciary relationships is flawed. Leading academic commentators assert that fiduciary relationships only arise when one party has discretion...

Persistent link: https://www.econbiz.de/10014100323

A Price Theory of Vertical and Lateral Integration under Productivity Heterogeneity

Dam, Kaniska - 2020

monotone, i.e., high-productivity enterprises integrate while the low-productivity ones stay separate. Product market price can …

Persistent link: https://www.econbiz.de/10012857012

Competition, Innovation and Productivity Growth : A Review of Theory and Evidence

Ahn, Sanghoon - 2002

This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …

Persistent link: https://www.econbiz.de/10012446761

Competition, Innovation and Productivity Growth : A Review of Theory and Evidence

Ahn, Sanghoon - 2015

This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …

Persistent link: https://www.econbiz.de/10014113850

Competition, Innovation and Productivity Growth: A Review of Theory and Evidence

Ahn, Sanghoon - Economics Department, Organisation de Coopération et … - 2002

This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …

Persistent link: https://www.econbiz.de/10005045849

Markup, Returns to Scale, and Productivity : A Case Study of Singapore's Manufacturing Sector

Kee, Hiau Looi - 2004

The results of this paper challenge the conventional wisdom in the literature that productivity plays no role in the … productivity growth is twice as large as the conventional total factor productivity (TFP) measures. Using a standard growth … productivity growth, Hsieh (1999) challenged Young's findings using the dual approach. But all of these papers maintained the …

Persistent link: https://www.econbiz.de/10014113066