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Social and Behavioral Sciences Commons™
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Articles 1 - 15 of 15
Full-Text Articles in Social and Behavioral Sciences
Asimmetrie Negli Incentivi, Equilibrio Competitivo E Impegno Agonistico, Distorsioni In Presenza Di Doping E Combine, Raul Caruso
Asimmetrie Negli Incentivi, Equilibrio Competitivo E Impegno Agonistico, Distorsioni In Presenza Di Doping E Combine, Raul Caruso
Raul Caruso
No abstract provided.
Adjusting Imperfect Data: Overview And Case Studies, Lars Vilhuber
Adjusting Imperfect Data: Overview And Case Studies, Lars Vilhuber
Lars Vilhuber
[Excerpt] In this chapter, instead of using the similarity in the cleaned datasets to investigate economic fundamentals, we focus on the differences in the underlying ‘dirty’ data. We describe two data elements that remain fundamentally different across countries, and the extent to which they differ. We then proceed to document some of the problems that affect longitudinally linked administrative data in general, and we describe some of the solutions analysts and statistical agencies have implemented, and some that they did not implement. In each case, we explain the reasons for and against implementing a particular adjustment, and explore, through a …
Compensation For Quality Difference In A Search Model Of Money, Yuk-Fai Fong, Balazs Szentes
Compensation For Quality Difference In A Search Model Of Money, Yuk-Fai Fong, Balazs Szentes
Yuk-Fai Fong
We study an economy in which there is always double coincidence of wants, agents have perfect information about qualities of goods, and there are no transaction costs. The hold-up problem arises because efforts invested in improving quality prior to search may not be compensated in the market. Situations in which barter fails to motivate quality improvement are identified. With money, however, the extra effort in quality improvement will be compensated when high-quality good producers trade with agents holding both the low-quality good and money. Injection of money can induce almost all agents to produce the high-quality good.
Triple Bottom Line Event Evaluation: A Proposed Framework For Holistic Event Evaluation, Liz Fredline, Michael Raybould, Leo Jago, Marg Deery
Triple Bottom Line Event Evaluation: A Proposed Framework For Holistic Event Evaluation, Liz Fredline, Michael Raybould, Leo Jago, Marg Deery
Michael Raybould
Although there has long been an interest in measuring the economic impacts of events, it is only relatively recently that concern about the sustainability of event tourism has driven an imperative to develop methods for evaluating and monitoring other sorts of impacts including social and environmental. This trend mirrors moves in general tourism and business more broadly where discussion about triple bottom line reporting underpins a move for enterprises to be accountable to stakeholders, not only in regard to the economic bottom line, but also with regard to their “footprint” on the environment and on society more broadly. There is …
Vertical Integration And Competition Between Networks, Catherine De Fontenay, Joshua Gans
Vertical Integration And Competition Between Networks, Catherine De Fontenay, Joshua Gans
Catherine de Fontenay
No abstract provided.
When Do Experts Cheat And Whom Do They Target?, Yuk-Fai Fong
When Do Experts Cheat And Whom Do They Target?, Yuk-Fai Fong
Yuk-Fai Fong
A credence good is a product or service whose usefulness or necessity is better known to the seller than to the buyer. This information asymmetry often persists even after the credence good is consumed. The author proposes two new theories of expert cheating, suggesting that identifiable heterogeneities among customers can cause expert sellers to defraud their customers. According to these theories, cheating arises as a substitute for price discrimination, and experts cheat selectively. For instance, experts target high-valuation and high-cost customers. Finally, selective cheating may damage the communication of useful information from customers to experts and result in inferior services.
Growth With Endogenous Risk Of Biological Invasion, Edward Barbier, Shogren Jason
Growth With Endogenous Risk Of Biological Invasion, Edward Barbier, Shogren Jason
Edward B Barbier
No abstract provided.
Private Information And Market Movements: New Evidence From The Wednesday Closings Of 1968, Thomas Berry
Private Information And Market Movements: New Evidence From The Wednesday Closings Of 1968, Thomas Berry
Thomas D Berry
No abstract provided.
Vertical Integration In The Presence Of Upstream Competition, Catherine De Fontenay, Joshua Gans
Vertical Integration In The Presence Of Upstream Competition, Catherine De Fontenay, Joshua Gans
Catherine de Fontenay
We analyze vertical integration to compare outcomes under upstream competition and monopoly. This is done in a model based on the property rights approach to firm boundaries and where multilateral negotiations are modeled using a fully specified, non-cooperative bargaining game. We demonstrate that vertical integration can alter the joint payoff of integrating parties in ex post bargaining; however, this bargaining effect is stronger for firms integrating under upstream competition than upstream monopoly. In contrast, where integration internalizes competitive externalities, ex post monopolization is more likely to occur under upstream monopoly than upstream competition.
Relative Deprivation, Poor Health Habits, And Mortality, Christine Eibner, William Evans
Relative Deprivation, Poor Health Habits, And Mortality, Christine Eibner, William Evans
Christine Eibner
Using individual-level data on males from the 1988–91 National Health Interview Survey Multiple Cause of Death Files, we examine the impact of relative deprivation within a reference group on health. We define reference groups using combinations of state, race, education, and age. High relative deprivation in the sense of Yitzhaki is associated with a higher probability of death, worse self-reported health, higher self-reported limitations, higher body mass index, and an increased probability of taking health risks.
Importing Exotic Plants And The Risk Of Invasion: Are Market-Based Instruments Adequate?, Duncan Knowler, Edward Barbier
Importing Exotic Plants And The Risk Of Invasion: Are Market-Based Instruments Adequate?, Duncan Knowler, Edward Barbier
Edward B Barbier
No abstract provided.
Over Qualified And Under Experienced – Turning Graduates Into Hospitality Managers, Michael Raybould, Hugh Wilkins
Over Qualified And Under Experienced – Turning Graduates Into Hospitality Managers, Michael Raybould, Hugh Wilkins
Michael Raybould
Purpose – This paper sets out to report on research that investigated hospitality managers' expectations of graduate skills and compared those expectations with student perceptions of what hospitality managers value. Design/methodology/approach – The research adopted a generic skills framework and data were collected through a sample survey of 850 Australian hospitality managers and 211 undergraduate hospitality management students. Findings – Managers rated skills associated with interpersonal, problem solving, and self-management skill domains as most important while students appeared to have realistic perceptions of the skills that managers value when recruiting hospitality graduates. The most substantial areas of disagreement came in …
Regulating Vertical Integration In Broadband: Open Access Versus Common Carriage, Christiaan Hogendorn
Regulating Vertical Integration In Broadband: Open Access Versus Common Carriage, Christiaan Hogendorn
Christiaan Hogendorn
No abstract provided.
Natural Resources And Economic Development, Edward Barbier
Natural Resources And Economic Development, Edward Barbier
Edward B Barbier
No abstract provided.
Inferring Information Frequency And Quality, Douglas G. Steigerwald, John Owens
Inferring Information Frequency And Quality, Douglas G. Steigerwald, John Owens
Douglas G. Steigerwald
We develop a microstructure model that, in contrast to previous models, allows one to estimate the frequency and quality of private information. In addition, the model produces stationary asset price and trading volume series. We find evidence that information arrives frequently within a day and that this information is of high quality. The frequent arrival of information, while in contrast to previous microstructure model estimates, accords with nonmodel-based estimates and the related literature testing the mixture-of-distributions hypothesis. To determine if the estimates are correctly reflecting the arrival of latent information, we estimate the parameters over half-hour intervals within the day. …