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Full-Text Articles in Social and Behavioral Sciences
What Firms Know, Mohammad Amin
What Firms Know, Mohammad Amin
Mohammad Amin
A large literature shows that common law countries perform better than civil law countries along various dimensions of the institutional environment. The present paper contributes to this literature by showing that a similar result holds for another measure of institutional quality. That is, the ease with which information on rules and regulations is available to firms is much higher in common law compared with civil law countries. Roughly, one-third of this difference can be explained by differences in the level of business regulations across the two legal traditions. We provide some plausible reasons for these findings.
A Long Spell Of Uncertainty, John Austin, Chris Decker, Tom Doering, Ernie Goss, Bruce Johnson, Lisa Johnson, Ken Lemke, Franz Schwarz, Scott Strain, Eric Thompson, Keith Turner
A Long Spell Of Uncertainty, John Austin, Chris Decker, Tom Doering, Ernie Goss, Bruce Johnson, Lisa Johnson, Ken Lemke, Franz Schwarz, Scott Strain, Eric Thompson, Keith Turner
Economics Faculty Publications
We find ourselves in a period of sustained economic uncertainty. Today, like 6 months ago, the U.S. economy is on the brink of a recession. Weakness in lending activity, coupled with weakness in the housing sector and related manufacturing industries has stymied economic growth since late 2007. At times, recession seems imminent. But, the official measures, such as quarterly gross domestic product, do not clearly signal that the economy is contracting. Further, prices are rising rapidly for food and energy. That is the uncertainty. Will 2008 be remembered as a recession year, or as a period of disappointing but slow …
The Consequences Of Information Revealed In Auctions, Brett E. Katzman, Matthew Rhodes-Kropf
The Consequences Of Information Revealed In Auctions, Brett E. Katzman, Matthew Rhodes-Kropf
Faculty and Research Publications
This paper considers the ramifications of post-auction competition on bidding behavior under different bid announcement policies. In equilibrium, the auctioneer’s announcement policy has two distinct effects. First, announcement entices players to signal information to their post-auction competitors through their bids. Second, announcement can lead to greater bidder participation in certain instances while limiting participation in others. Specifically, the participation effect works against the signalling effect, thus reducing the impact of signalling found in other papers. Revenue, efficiency, and surplus implications of various announcement policies are examined.
2008-1 How To Talk To Multiple Audiences, Maria Goltsman, Gregory Pavlov
2008-1 How To Talk To Multiple Audiences, Maria Goltsman, Gregory Pavlov
Department of Economics Research Reports
No abstract provided.
Leadership And Gender: An Experiment, Mana Komai, Philip Grossman
Leadership And Gender: An Experiment, Mana Komai, Philip Grossman
Economics Faculty Working Papers
We present an information based model of leadership in a setting that exhibits the familiar problems of free riding and coordination failure. Leaders have superior information about the value of the project in hand and can send a costly signal to their uninformed followers to persuade them to cooperate in the project. Followers voluntarily choose whether or not to follow the better informed leader. We provide experimental evidence that, when the leaders’ gender is revealed to their followers, female subjects hesitate to lead (send a costly signal) while followers’ behavior does not indicate any gender discrimination. Such behavior is not …
Social Choice And Information: A Note On The Calculus Of Mappings From Utility Spaces, Alex Coram
Social Choice And Information: A Note On The Calculus Of Mappings From Utility Spaces, Alex Coram
Economics Department Working Paper Series
Social choice is studied in this paper as a mapping from information on utilities over states of the world to an ordering of those states of the world. The idea of using this type of information originates in the work of Sen and Roberts. This paper differs in that it uses theorems from analysis to derive its results in a straightforward manner. It also gives information on the way in which all states of the world, on any path through the set of states of the world, must be ordered.