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作者：Galeotti, Andrea
作者单位：University of Essex
摘要：I study the implications of interpersonal communication for incentives for consumers to acquire information and firms' pricing behavior Firms market a homogeneous product and choose its price consumers acquire price infor mation at some cost to themselves Also each consumer accesses the information acquired by a sample of other consumers-interpersonal communication An exogenous increase in the level of interpersonal communication de creases the information that consumers acquire and when searc...
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作者：Tsai, Tsung-Sheng; Yang, C. C.
作者单位：National Taiwan University; National Chengchi University; Academia Sinica - Taiwan; Feng Chia University
摘要：This article studies a finite horizon version of Baron and Ferejohn s (American Political Science Review 83 (1989) 1181-206) majoritarian bargaining with incomplete information Of many findings we show that (i) allowing for delay can be optimal for a proposer (ii) the revelation of a type depends on two conflicting concerns the offer concern a la Spence s signaling (the higher the type the better) and the coalition inclusion' concern in a majority consent (the lower the type the better) and (i...
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作者：Ching, Andrew T.
作者单位：University of Toronto
摘要：This article incorporates consumer learning and heterogeneity Into a dynamic oligopoly model for the prescription drug market In the model both firms and patients need to learn the generic qualities via patients experiences generic firms entry decisions are endogenous but their entry timings depend on a random approval process I apply the model to examine the impact of shortening the expected generic approval time Although this policy experiment brings generics to the market sooner it increase...
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作者：Aronsson, Thomas; Johansson-Stenman, Olof
作者单位：Umea University; University of Gothenburg
摘要：This article concerns optimal income taxation under asymmetric information in a two type OLG model when indi viduals relative consumption matters Positional concerns affect the policy choices via two channels (i) the average degree of positionality and (ii) positionality differences between the low ability type and the mimicker Under plausible empirical estimates the marginal labor income tax rates become substantially larger and the absolute value of the marginal capital income tax rate of th...
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作者：Dreher, Axel; Fischer, Justina A. V.
作者单位：University of Gottingen; Organisation for Economic Co-operation & Development (OECD); Stockholm School of Economics
摘要：Using panel data for a maximum of 109 countries over the years 1976-2000 we empirically analyze the impact of decentralization on the occurrence of transnational terror Our results show that expenditure decentralization reduces the number of transnational terror events in a country while political decentralization has no impact These results are robust to the choice of control variables and method of estimation
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作者：Keane, Michael P.; Sauer, Robert M.
作者单位：University of Bristol; University of Technology Sydney
摘要：This article develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data models with unobserved endogenous state variables Repeated sampling experiments on dynamic probit models with serially correlated errors indicate the estimator has good small sample properties We apply the estimator to a model of female labor supply and show that the rarely used Polya model fits the data substantially better than the popular Markov model The Polya model also pr...
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作者：Chakrabarti, Subir K.
作者单位：Purdue University System; Purdue University; Purdue University in Indianapolis
摘要：The article studies collusive equilibria in an infinitely repeated Cournot oligopoly with unknown costs I look at collusive pooled Perfect Bayesian equilibria and separating equilibria either with signaling or with communication In the separating equilibria with signaling the firms play the strictly separating Bayesian Nash equilibrium in period 1 and produce the optimal incentive compatible collusive quantity vector from period 2 onwards In the separating equilibrium with communication the op...
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作者：Impulliti, Giammario
作者单位：University of Cambridge
摘要：In the early 1970s US firms were the uncontested world leaders in R&D investment in most manufacturing sectors Later led by Japan and Europe foreign firms began to challenge American R&D leadership in many sectors of the economy This period of increasing technological competition is contemporaneous with a substantial increase in US R&D subsidies What is the effect of the observed increase in international competition on US welfare? How does foreign competition affect the optimal R&D subsidy in...
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作者：Brechet, Thierry; Picard, Pierre M.
作者单位：Universite Catholique Louvain; Universite Catholique Louvain
摘要：This article presents a market design for the management of noise pollution created by aircraft traffic around airports A local market for noise licenses allows noise generators to compensate noise victims and to meet social acceptability We show that the market allows the market designer to implement the social planner s optimal allocation of flights as long as the latter does not put too high a weight in his/her objective function on firms profits compared to the disutility of noise pollutio...
