Results 31 to 40 of about 81,718 (48)
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A Model of Populism as a Conspiracy Theory
The American Economic ReviewWe model populism as the dissemination of a false “alternative reality,” according to which the intellectual elite conspires against the populist for purely ideological reasons.
Ádám Szeidl, F. Szucs
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Social Connectedness in Bank Lending
The Review of financial studiesWe present evidence that loan allocations and loan terms are closely linked to the strength of social connections between bank and borrower regions.
Oliver Rehbein, Simon C. Rother
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Social Science Research Network
This paper studies executive pay with fairness concerns: If the CEO's wage falls below a perceived fair share of output, he suffers disutility that is increasing in the discrepancy.
Pierre Chaigneau +2 more
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This paper studies executive pay with fairness concerns: If the CEO's wage falls below a perceived fair share of output, he suffers disutility that is increasing in the discrepancy.
Pierre Chaigneau +2 more
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Consumer Credit Reporting Data
Journal of Economic LiteratureSince the 2000s, economists across fields have increasingly used consumer credit reporting data for research. We introduce readers to the economics and institutional details of these data. Using examples from the literature, we provide practical guidance
Christa Gibbs +5 more
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Asymptotic Learning with Ambiguous Information
American Economic Journal: MicroeconomicsWe study asymptotic learning when the decision-maker faces ambiguity in the precision of her information sources. She aims to estimate a state and evaluates outcomes according to the worst-case scenario. Under prior-by-prior updating, we characterize the
Pëllumb Reshidi +2 more
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Optimal Trade Mechanisms with Adverse Selection and Inferential Naïvety
American Economic Journal: MicroeconomicsWe study an adverse selection environment in which a buyer's inferential ability is heterogeneous: A rational type correctly infers the value of the good from a seller's offer, whereas a naïve type is inattentive to the correlation between the seller's ...
Takeshi Murooka, Takuro Yamashita
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Journal of Political Economy
We show how early warning about an impending regime change eliminates panic. Agents anticipate a future shock and decide when to attack. Waiting is costly, especially when others attack and cause a regime change while one waits. This may create panic. We
Deepal Basak, Zhen Zhou
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We show how early warning about an impending regime change eliminates panic. Agents anticipate a future shock and decide when to attack. Waiting is costly, especially when others attack and cause a regime change while one waits. This may create panic. We
Deepal Basak, Zhen Zhou
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Reputation and Efficiency: Information Design
American Economic Journal: MicroeconomicsA firm trades with a sequence of consumers who are unsure about the firm's competence and its effort to supply quality. I examine rating systems that sustain efficient outcomes in virtually all trades by providing consumers with information to motivate a
Allen Vong
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Underbidding for Oil and Gas Tracts
The American Economic ReviewCommon values auction models, where bidder decisions depend on noisy signals of common values, provide predictions about Bayesian Nash equilibrium (BNE) outcomes. In settings where these common values can be estimated, these predictions can be tested. We
Julien Martin +2 more
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Welfare Comparisons for Biased Learning
The American Economic ReviewWe study robust welfare comparisons of learning biases (misspecified Bayesian and some forms of non-Bayesian updating). Given a true signal distribution, we deem one bias more harmful than another if it yields lower objective expected payoffs in all ...
Mira Frick, Ryota Iijima, Y. Ishii
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