Results 181 to 190 of about 4,504 (192)
Expert Asymmetry: Evidence From Securities Litigation
Journal of Empirical Legal Studies, EarlyView.ABSTRACT Modern litigation often involves two separate, extra‐legal features: (1) contingency fee arrangements with the plaintiff‐side attorney, and (2) a “battle of the experts” where the outcome of the case rests on conflicting expert witness testimony.
Adam Callister +2 more
wiley +1 more source
Quality Regulation and Unexpected Gaming: Evidence From Mandating Flight Delay Compensation
Journal of Economics &Management Strategy, EarlyView.ABSTRACT Policies that target a single aspect of agents' motivation may lead to their diminished efforts in other areas. This paper examines the effect of the European Union's flight delay compensation policy on flight on‐time performance by exploiting a unique policy variation in a difference‐in‐differences framework.
Jingyi Xing
wiley +1 more source
Liquidity Crises and the Market‐Maker of Last Resort
Journal of Money, Credit and Banking, EarlyView.Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN +2 more
wiley +1 more source
Unequal and Unstable: Income Inequality and Bank Risk
Journal of Money, Credit and Banking, EarlyView.Abstract We present a model in which income inequality interacts with banks' risk‐taking incentives, generating financial instability. Competition and deposit insurance cause some banks to lend to lower‐income borrowers at underpriced rates, creating “risky banks” that fail in downturns, while others lend to higher‐income borrowers and avoid default ...
YULIYAN MITKOV, ULRICH SCHÜWER
wiley +1 more source
A Conditional Tail Expectation Type Risk Measure for Time Series
Journal of Time Series Analysis, EarlyView.ABSTRACT We consider the estimation of the conditional expectation 𝔼(Xh|X0>UX(1/p)), provided 𝔼|X0|<∞, at extreme levels, where (Xt)t∈ℤ$$ {\left({X}_t\right)}_{t\in \mathbb{Z}} $$ is a strictly stationary time series, UX$$ {U}_X $$ its tail quantile function, h$$ h $$ is a positive integer and p∈(0,1)$$ p\in \left(0,1\right) $$ is such that p→0$$ p\to ...
Yuri Goegebeur +2 more
wiley +1 more source
Aggregation and the Structure of Value
Noûs, EarlyView.ABSTRACT Roughly, the view I call “Additivism” sums up value across time and people. Given some standard assumptions, I show that Additivism follows from two principles. The first says that how lives align in time cannot, in itself, matter. The second says, roughly, that a world cannot be better unless it is better within some period or another.
Weng Kin San
wiley +1 more source
Combined phylogenetic and geographic data can predict plant–pest interactions with high accuracy
New Phytologist, EarlyView.Schematic overview of the study pipeline. Summary Non‐native plant pests can pose major threats to biodiversity, with destructive ecological and economic consequences. The ability to predict future threats would allow limited resources to be concentrated on managing the most serious risks. We built a Bayesian model to predict hosts at risk from Agrilus,
Elvira Hernández‐Gutiérrez +2 more
wiley +1 more source
Lessons on State and Local Income Taxes From the Twenty‐First Century and Challenges for the Future
Public Budgeting &Finance, EarlyView.Abstract I survey recent research on subnational income tax policy, arguing that a defining feature is geography. Geographic boundaries limit the power of subnational governments to tax people and activities. The article discusses where income should be taxed and the effects of these tax rules on the interjurisdictional mobility of people and jobs.
David R. Agrawal
wiley +1 more source
Plant, Cell &Environment, EarlyView.ABSTRACT Plant growth–promoting bacteria can enhance plant performance under nutrient limitation, yet the underlying plant molecular responses remain incompletely resolved. We investigated growth promotion by Pseudomonas koreensis in Brachypodium distachyon under contrasting nitrogen (N) regimes using time‐resolved phenotyping, elemental analysis ...
Stefan Sanow +12 more
wiley +1 more source
Plant, Cell &Environment, EarlyView.ABSTRACT Volatile organic compounds (VOCs) emitted by certain fungi have previously been suggested to modulate plant development and their response to stresses. While some fungal species, such as Trichoderma harzianum, are known to produce VOCs, the production of VOCs in other phylogenetically divergent species, such as Mucor mucedo, was previously ...
Sara Yugueros +7 more
wiley +1 more source