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Truth-telling : a representative assessment
Abeler, Johannes; Becker, Anke; Falk, Armin - 2012
A central assumption of the canonical cheap talk literature is that people misreport their private information if this is to their material benefit. Recent evidence from laboratory experiments with student subjects suggests, however, that while many people do report the payoff-maximizing...
Persistent link: https://www.econbiz.de/10009634327
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INSTITUTIONS INFLUENCE PREFERENCES: EVIDENCE FROM A COMMON POOL RESOURCE EXPERIMENT
Rodríguez-Sickert, Carlos; Guzmán, Ricardo Andrés; … - UNIVERSIDAD DE LOS ANDES-CEDE - 2006
We model the dynamic effects of external enforcement on the exploitation of a common pool resource. Fitting our model to the results of experimental data we find that institutions influence social preferences. We solve two puzzles in the data: the increase and later erosion of cooperation when...
Persistent link: https://www.econbiz.de/10005597290
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Multi-Task Agency with Unawareness
von Thadden, Ernst-Ludwig - 2013
The paper introduces the problem of unawareness into multi-dimensional Principal-Agent theory. We introduce two key … fferent from standard contract theory, the Single-Crossing Property fails to hold. In this case, even aware Agents can be …
Persistent link: https://www.econbiz.de/10013090596
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Costly Information and Random Choice
Duraj, Jetlir - 2019
We consider an agent who decides whether to employ an information structure to learn about a payoff-relevant state of the world before making a decision. Information is costly either because (1) the agent has to wait for the availability of the information structure and is impatient or because...
Persistent link: https://www.econbiz.de/10012868696
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Persuasion, News Sharing, and Cascades on Social Networks
Hsu, Chin-Chia; Ajorlou, Amir; Jadbabaie, Ali - 2021
We study a model of online news dissemination on a Twitter-like social network. Given a news item and its credibility, agents with heterogeneous priors strategically decide whether to share the news with their followers. An agent shares the news, if the news can persuade her followers to take an...
Persistent link: https://www.econbiz.de/10013211236
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Incentives for Unaware Agents
von Thadden, Ernst-Ludwig; Zhao, Xiaojian - 2020
The paper introduces the problem of unawareness into Principal-Agent theory and discusses optimal incentive contracts …
Persistent link: https://www.econbiz.de/10014042199
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The Theory of Agency : The Policing 'Paradox' and Regulatory Behavior
Mitnick, Barry M. - 2007
This was the first article explicitly on the theory of agency published in a regular, i.e., nonproceedings, issue of a … of agency theory. The paper notes the effects of the fiduciary norm in economizing on specification and policing (agency … public regulation, this can take the form of producing a more honest or better-behaved regulatory agent in a government that …
Persistent link: https://www.econbiz.de/10012775836
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Regulating Global Externalities
Heijmans, Roweno - 2019
welfare, it can help achieve greater efficiency in regulation …
Persistent link: https://www.econbiz.de/10012895392
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Regulating a Model
Leitner, Yaron - 2020
We study a situation in which a regulator relies on risk models that banks produce in order to regulate them. A bank can generate more than one model and choose which models to reveal to the regulator. The regulator can find out the other models by monitoring the bank, but in equilibrium,...
Persistent link: https://www.econbiz.de/10012852536
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Regulating a Model
Leitner, Yaron - 2020
REVISED: 5/2018: We study a situation in which a regulator relies on models produced by banks in order to regulate them. A bank can generate more than one model and choose which models to reveal to the regulator. The regulator can find out the other models by monitoring the bank, but, in...
Persistent link: https://www.econbiz.de/10012854919