Results 81 to 90 of about 106,023 (221)
, 2018 In the spirit of [Surya07'], we develop an average problem approach to prove the optimality of threshold type strategies for optimal stopping of L\'evy models with a continuous additive functional (CAF) discounting.
Long, Mingsi, Zhang, Hongzhong
core +1 more source
The RAND Journal of Economics, EarlyView.ABSTRACT We propose a tractable model of asymmetric platform oligopoly with logit demand in which users from two distinct groups are subject to within‐group and cross‐group network effects and decide which platform to join. We characterize the equilibrium when platforms manage user access by setting participation fees for each user group.
Martin Peitz, Susumu Sato
wiley +1 more source
Annals of Public and Cooperative Economics, EarlyView.Abstract This study investigates whether prior exposure to natural disasters influenced individual compliance with non‐pharmaceutical interventions (NPIs), specifically lockdown measures, during the Corona Virus Infectious Disease 2019 (COVID‐19) pandemic. Focusing on the Marche region of Italy, which experienced a severe earthquake in 2016, we exploit
Vincenzo Alfano +2 more
wiley +1 more source
Power priors for latent variable mediation models under small sample sizes
British Journal of Mathematical and Statistical Psychology, EarlyView.Abstract Latent variable models typically require large sample sizes for acceptable efficiency and reliable convergence. Appropriate informative priors are often required for gainfully employing Bayesian analysis with small samples. Power priors are informative priors built on historical data, weighted to account for non‐exchangeability with the ...
Lihan Chen +2 more
wiley +1 more source
Bulletin of Economic Research, EarlyView.ABSTRACT This paper examines how labor‐supply responsiveness, captured by the inverse Frisch elasticity, shapes wage inequality in the presence of directed technical change and automation. We develop a dynamic general equilibrium model with task‐based production, heterogeneous labor, and endogenous R&D.
Óscar Afonso
wiley +1 more source
Bounding Rationality by Discounting Time [PDF]
, 2009 Consider a game where Alice generates an integer and Bob wins if he can factor that integer. Traditional game theory tells us that Bob will always win this game even though in practice Alice will win given our usual assumptions about the hardness of ...
Fortnow, Lance, Santhanam, Rahul
core +4 more sources
Should more teams “trust the process” of tanking?
Contemporary Economic Policy, EarlyView.Abstract In many professional sport leagues, the worst‐performing teams receive higher probability of earning top draft picks. This provides teams incentives to purposefully lose, or “tank,” if they are not likely to contend for the playoffs or championships.
Eduardo G. Minuci +2 more
wiley +1 more source
Latent Process Heterogeneity in Discounting Behavior [PDF]
We show that observed choices in discounting experiments are consistent with roughly one-half of the subjects using exponential discounting and one-half using quasi-hyperbolic discounting.
E. Elisabet Rutström +2 more
core
Public investment multipliers revisited: the role of production complementarities
Economica, EarlyView.Abstract This paper revisits the issue of the public investment multiplier through the lens of complementarity or substitutability between private inputs and public infrastructure capital. Our main result is that public investment multipliers are much larger than in the literature when private inputs and public capital are good complements relative to ...
Vasiliki Dimakopoulou +2 more
wiley +1 more source
The Economic History Review, EarlyView.Abstract During the global economic crisis of 1929–33, deposits in the Dutch commercial banking sector sharply declined as funds shifted to the government‐guaranteed Post Office Savings Bank and other savings institutions. Unlike earlier studies for neighbouring countries, we demonstrate that this shift was driven less by a flight to safety and more by
Ruben Peeters +1 more
wiley +1 more source