Results 61 to 70 of about 2,154,790 (237)
Economica, EarlyView.Abstract I argue that economists' distinction between ‘pure’ and ‘applied’ economic theory is often based on papers' stylistic markers rather than their methodology or scope. I illustrate this point with a model of price competition for boundedly rational consumers, due to Piccione and Spiegler. I first present its original, ‘pure style’ version.
Ran Spiegler
wiley +1 more source
When do proxy advisors improve corporate decisions?
Economic Inquiry, EarlyView.Abstract This paper studies the impact of proxy advisors on shareholder decision‐making. We posit two assumptions: (i) the board is at least as well informed as any individual shareholder; (ii) shareholders can condition their information acquisition on the proxy advisor's (PA) recommendation.
Berno Buechel +2 more
wiley +1 more source
Political Partisanship and State‐Level Bank Efficiency
Financial Review, EarlyView.ABSTRACT We examine the relationship between political partisanship and commercial bank efficiency in the United States from 1972 to 2020, assessing the persistent influence of political affiliations at the state and District of Columbia levels. Bank efficiency scores are estimated using a double‐bootstrap approach, and the analysis is conducted within
Jeremy Eng‐Tuck Cheah +3 more
wiley +1 more source
Algorithmic mechanisms for reliable crowdsourcing computation under collusion. [PDF]
PLoS ONE, 2015 We consider a computing system where a master processor assigns a task for execution to worker processors that may collude. We model the workers' decision of whether to comply (compute the task) or not (return a bogus result to save the computation cost)
Antonio Fernández Anta +3 more
doaj +1 more source
The Interaction Between Credit and Labor Market Frictions
International Economic Review, EarlyView.ABSTRACT I study a novel two‐way feedback between credit and labor market frictions. Running from credit to labor markets, amplitude in capital demand caused by collateral constraints spills over onto labor demand due to the complementarity of capital and labor; and, furthermore, credit frictions raise effective financial hiring costs, prompting firms ...
Yulia Moiseeva
wiley +1 more source
On Correlated Equilibria in Marinatto–Weber Type Quantum Games
Applied Sciences, 2020 Players’ choices in quantum game schemes are often correlated by a quantum state. This enables players to obtain payoffs that may not be achievable when classical pure or mixed strategies are used.
Piotr Frąckiewicz
doaj +1 more source
The Decentralization of Liquor Policies in Texas During the Post‐Prohibition Era
International Economic Review, EarlyView.ABSTRACT We examine the decentralization of liquor policies in Texas during the Post‐Prohibition era using newly collected historical legislative roll call data. By combining these data with local referendum vote shares, we analyze both legislators' and constituents' preferences on liquor policy.
Andrew Arnold, Holger Sieg
wiley +1 more source
Searching One Pure-Strategy Nash Equilibrium Using a Distributed Computation Approach
Journal of Computers, 2014 A distributed implementation of Dang's Fixed-Point algorithm isproposed for searching one Nash equilibrium of a finite n-persongame in normal form. In this paper, the problem consists of twosubproblems. One is changing the problem form to a mixed 0-1 linearprogramming form. This process is derived from applications of theproperties of pure strategy and
Zhengtian Wu +2 more
openaire +1 more source
Inter‐disciplinary perspectives on sustainability in machinery manufacturing
International Journal of Management Reviews, EarlyView.Abstract Perspectives on economic, social and environmental sustainability in machinery manufacturing are changing. These are predominantly driven by increased consumer, firm and public knowledge on the importance of sustainability and the role that machinery manufacturers can play to achieve sustainability outcomes.
Oluwaseun E. Olabode +5 more
wiley +1 more source
We Value Your Privacy: Behavior‐Based Pricing Under Endogenous Privacy
Journal of Economics &Management Strategy, EarlyView.ABSTRACT We study a duopoly model of behavior‐based pricing in which consumers can either disclose or hide their data. We contrast two data policies. Under an open data policy, disclosed data is shared with all firms. In the unique equilibrium, all consumers disclose, and firms price discriminate, leading to welfare losses from inefficient poaching ...
Friederike Heiny +2 more
wiley +1 more source