Showing 21 - 30 of 659,282
marginal increase in arrests for an index crime is on average about 1.5-3 times greater than the harm reduction calculated …
Persistent link: https://www.econbiz.de/10012984268
target for criminal activities. The paper proposes an information channel through which crime distorts consumption decisions …; this channel is different in nature from the channel whereby crime acts as a direct tax on observable and stealable … consumption goods. More precisely, we argue that, in the presence of crime, individuals reduce their consumption of observable …
Persistent link: https://www.econbiz.de/10014188435
Accompanying slide presentation available at http://ssrn.com/abstract=4019705Pigouvian taxes are often used to limit environmental externalities such as pollution. We argue that consumer contracts generate externalities by overwhelming consumers’ attention. Depleting each consumer’s...
Persistent link: https://www.econbiz.de/10013307217
This essay considers the role of reputational information in our marketplace. It explains how well-functioning marketplaces depend on the vibrant flow of accurate reputational information, and how misdirected regulation of reputational information could harm marketplace mechanisms. It then...
Persistent link: https://www.econbiz.de/10014044069
The Rule of Reason, which has come to dominate modern antitrust law, allows defendants the opportunity to justify their conduct by demonstrating “procompetitive” effects. Seizing the opportunity, defendants have begun offering increasingly numerous and creative explanations for their...
Persistent link: https://www.econbiz.de/10012853929
When firms' shrouding of charges, as in Gabaix and Laibson (2006), meets with consumers' salient thinking, as in Bordalo et al. (2013), this can have severe welfare implications. The ensuing excessive competition for headline prices tends to inefficiently bias consumers' choice towards...
Persistent link: https://www.econbiz.de/10012992314
This paper studies obfuscation decisions by firms in retail financial markets theoretically and experimentally. We show that more prominent firms are more likely to obfuscate. While prominent firms always choose maximum obfuscation, the obfuscation by less prominent firms depends on the degree...
Persistent link: https://www.econbiz.de/10009667274
Households are that sector of the economy, which is always the net saver. In India, the savings of the household sector form the base for the economic activities,which are undertaken by the other sectors of the economy. The household investors are uncertain while deciding whether they should...
Persistent link: https://www.econbiz.de/10012897251
The protracted international dispute on currency manipulation has exposed the weakness of the contemporary … on currency manipulation remains questionable and the IMF fails to display authority over the currency regime of its … manipulation as a countervailable subsidy is wrong, this paper demonstrates that a suspected currency manipulation can be and …
Persistent link: https://www.econbiz.de/10013099993
Market manipulation is a poorly understood phenomenon, due in part to legal standards that categorize manipulative … paper, we consider a third type of behavior that can trigger a manipulation – uneconomic trading. We demonstrate that … assist this process that describes price-based manipulation as an intentional act (the “trigger”) made to cause a directional …
Persistent link: https://www.econbiz.de/10013093577