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Implementing a state-of-the-art machine learning technique for causal identification from text data (C-TEXT), we document that patents authored by female inventors are under-cited relative to those authored by males. Relative to what the same patent would be predicted to receive had the lead...
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This paper aims to study the impact of costly and private information acquisition in global games with applications in financial crisis (e.g. bank runs, currency crisis). While exogenous asymmetric information has been shown to select a unique equilibrium, we show that the endogenous costly...
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We propose a parsimonious model of information choice in a global coordination game of regime change that is used to analyze debt crises, bank runs or currency attacks. A change in the publicly available information alters the uncertainty about the behavior of other investors. Greater strategic...
Persistent link: https://www.econbiz.de/10010798201
The routing capacity region of networks with multiple unicast sessions can be characterized using Farkas lemma as an infinite set of linear inequalities. In this paper this result is sharpened by exploiting properties of the solution satisfied by each rate-tuple on the boundary of the capacity...
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