Results 11 to 20 of about 81,718 (48)

Designing Random Allocation Mechanisms: Theory and Applications

open access: yes, 2013
Eric Budish   +3 more
semanticscholar   +1 more source
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An Alternative Explanation for the “Fed Information Effect”

The American Economic Review, 2023
Regressions of private-sector macroeconomic forecast revisions on monetary policy surprises often produce coefficients with signs opposite to standard macroeconomic models.
Michal Bauer, Eric T. Swanson
semanticscholar   +1 more source

Information Design: A Unified Perspective

Journal of Economic Literature, 2019
Given a game with uncertain payoffs, information design analyzes the extent to which the provision of information alone can influence the behavior of the players.
D. Bergemann, S. Morris
semanticscholar   +1 more source

ESG Disclosure, Market Forces, and Investment Efficiency

Social Science Research Network
This paper examines the impact of environmental, social, and governance (ESG) disclosure on firm investment. The analysis characterizes the optimal precision of ESG disclosure that channels investors’ tastes for ESG into firm investment. Although it is
Hao Xue
semanticscholar   +1 more source

Targeting High Ability Entrepreneurs Using Community Information: Mechanism Design in the Field

The American Economic Review, 2022
Identifying high-growth microentrepreneurs in low-income countries remains a challenge due to a scarcity of verifiable information. With a cash grant experiment in India we demonstrate that community knowledge can help target high-growth ...
Reshmaan N. Hussam   +2 more
semanticscholar   +1 more source

Disagreement about Monetary Policy

American Economic Journal: Macroeconomics
This paper studies why central banks and markets hold different beliefs. I introduce a model that formalizes three mechanisms for disagreement: asymmetric information about fundamentals, different perceptions of the policy rule, and different confidence ...
Karthik A. Sastry
semanticscholar   +1 more source

Land Concentration and Long-Run Development in the Frontier United States

American Economic Journal: Applied Economics
I study the long-run economic effects of land concentration on the American frontier. Using quasi-random variation in initial land allocations from a checkerboard formula, I analyze a large database of property assessments and find that historical ...
Cory B. Smith
semanticscholar   +1 more source

Disentangling Moral Hazard and Adverse Selection

The American Economic Review
While many real-world principal-agent problems have both moral hazard and adverse selection, existing tools largely analyze only one at a time. Do the insights from the separate analyses survive when the frictions are combined? We develop a simple method—
Hector Chade
semanticscholar   +1 more source

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