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A novel survey dataset on computed tomography (CT) machine acquisition is used to explore which theories best answer two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing in updated technology? Second, what determines the value...
Persistent link: https://www.econbiz.de/10009438636
Game theoretic modeling involves making assumptions on agents' infinite hierarchies of beliefs. These assumptions are understood to be only approximately satisfied in the actual situation. Thus, the significance of game theoretic predictions depend on robustness properties of the solution...
Persistent link: https://www.econbiz.de/10009438697
My dissertation investigates the internal capital allocation decision of a multidivision firm by building a model and testing the theoretical predictions using segment level investment data. It contains three chapters. The first chapter studies how distortions in internal capital allocations can...
Persistent link: https://www.econbiz.de/10009438725
A novel survey dataset on computed tomography (CT) machine acquisition is used to explore which theories best answer two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing in updated technology? Second, what determines the value...
Persistent link: https://www.econbiz.de/10009438770
This dissertation consists of three essays concerning financial and monetary economics. Essay 1, "Dynamic General Equilibrium Models", proposes an alternative approach to the study of equilibrium properties of dynamic economies. By exploring the properties of the so-called law of motion, we...
Persistent link: https://www.econbiz.de/10009438808
In the first essay. "Competition to Default? Racial Discrimination in the Market for Online Peer-to-Peer Lending", l investigate the incidence and causes of racial discrimination in an online lending market. Competition ameliorates discrimination, by reducing interest rates for black borrowers...
Persistent link: https://www.econbiz.de/10009438816
electronics direct investment changes resulting from the North American Free Trade Agreement. Our calculations show that Asian …
Persistent link: https://www.econbiz.de/10009438898
The dissertation is focused on studying the behavior of aggregate asset market and its relationship to real economic activity. Chapter 1 offers a new empirical perspective on the relationship between the conditional mean and volatility of stock returns. Chapter 2 builds a general equilibrium...
Persistent link: https://www.econbiz.de/10009438918
Traditional theory of international trade has been developed on the assumption of homogeneous country in which … context, it is nearly impossible, as Nataf's theorem asserts, that the nonlinear relations about trade patterns are relevant …-land endowment ratios exhibit similar patterns of international trade. …
Persistent link: https://www.econbiz.de/10009438950
There are many situations in which individuals have a choice of whether or not to observe the eventual outcome. In these instances, individuals often prefer to avoid observing the outcome. The standard von Neumann-Morgenstern (vNM) Expected Utility model cannot accommodate these cases, since it...
Persistent link: https://www.econbiz.de/10009439041