Economics and Finance: Recent submissions
Now showing items 61-80 of 371
-
The Wall Street stampede: Exit as governance with interacting blockholders
(2022-05-01)The growth of the asset management industry has made it commonplace for firms to have multiple institutional blockholders. In such firms, the strength of governance via exit depends on how blockholders react to each other's ... -
The general equilibrium effects of localised technological progress: A Classical approach
We study the general equilibrium effects of localised technical progress à la Atkinson–Stiglitz in economies in which capital is a vector of reproducible and heterogeneous goods. We show that there is no obvious relation ... -
Testing Negative Value of Information and Ambiguity Aversion
The standard Subjective Expected Utility model of decision-making implies that information can never have a negative value ex-ante. Many ambiguity theories have since questioned this property. We provide an experimental ... -
The Economics of the Public Option: Evidence from Local Pharmaceutical Markets
We study the effects of competition by state-owned firms, leveraging the decentralized entry of public pharmacies to local markets in Chile. Public pharmacies sell the same drugs at a third of private pharmacy prices, ... -
Uncertainty, imperfect information, and expectation formation over the firm’s life cycle
(Elsevier, 2023-08) -
Relational enforcement
A principal incentivizes an agent to maintain compliance and to truthfully announce any breaches of compliance. Compliance is imperfectly controlled by the agent’s private effort choices, is partially persistent, and is ... -
Do Tax Increases Tame Inflation?
(American Economic Association, 2023-05-01) -
CONTRACTING OVER PERSISTENT INFORMATION
We consider a dynamic principal-agent problem, where the sole instrument the principal has to incentivize the agent is the disclosure of information. The principal aims at maximizing the (discounted) number of times the ... -
Fiscal and Education Spillovers from Charter School Expansion
This folder contains the replication files for the paper & Fiscal and Education Spill overs from Charter School Expansion by Matthew Ridley and Camille Terrier -
Informed Enforcement Lessons from Pollution Monitoring in China
(American Economic Association, 2024-01-01)