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Face Value : Information and Signaling in an Illegal Market
Logan, Trevon - 2010
the market in a way that makes signaling credible. Using our institutional knowledge, we also identify the specific signal …
Persistent link: https://www.econbiz.de/10012757594
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Central Bank Transparency : Where, Why, and with What Effects?
Dincer, N. Nergiz - 2010
Greater transparency in central bank operations is the most dramatic change in the conduct of monetary policy in recent years. In this paper we present new information on its extent and effects. We show that the trend is general: a large number of central banks have moved in the direction of...
Persistent link: https://www.econbiz.de/10012760205
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When Liberal Policies Reflect External Shocks, What Do We Learn?
Bartolini, Leonardo - 2010
capital mobility, whereas others impose controls to trap capital onshore, thus signaling future policies affecting capital …
Persistent link: https://www.econbiz.de/10012763686
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Signaling Safety
Michaely, Roni - 2018
Contrary to signaling models' central predictions, changes in the level of cash flows do not empirically follow changes …
Persistent link: https://www.econbiz.de/10012929544
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Initial Coin Offerings : Financing Growth with Cryptocurrency Token Sales
Howell, Sabrina T - 2018
Initial coin offerings (ICOs) have emerged as a new mechanism for entrepreneurial finance, with parallels to initial public offerings, venture capital, and pre-sale crowdfunding. In a sample of more than 1,500 ICOs that collectively raise $12.9 billion, we examine which issuer and ICO...
Persistent link: https://www.econbiz.de/10012915642
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Incomplete Disclosure : Evidence of Signaling and Countersignaling
Bederson, Benjamin - 2016
-quality As. After examining potential explanations, we believe the observed pattern is best explained by a mixture of signaling …
Persistent link: https://www.econbiz.de/10012981634
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Status Goods : Experimental Evidence from Platinum Credit Cards
Bursztyn, Leonardo - 2017
This paper provides novel field-experimental evidence on status goods. We work with an Indonesian bank that markets platinum credit cards to high-income customers. In a first experiment, we show that demand for the platinum card greatly exceeds demand for a nondescript control product with...
Persistent link: https://www.econbiz.de/10012955954
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Economic Behavior, Market Signals, and Urban Ecology
Abbott, Joshua - 2015
Urban ecologists have extended the bounds of this field to incorporate both the effects of human activities on ecological processes (e.g., humans as generators of disturbances), and the ways in which the structures, functions, and processes of urban ecosystems, and human alterations to them, in...
Persistent link: https://www.econbiz.de/10013027689
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Patents as Quality Signals? The Implications for Financing Constraints on R&D
Czarnitzki, Dirk - 2015
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10013034078
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Signaling to Experts
Kurlat, Pablo D. - 2017
We study competitive equilibrium in a signaling economy with heterogeneously informed buyers. In terms of the classic … Spence (1973) model of job market signaling, firms have access to direct but imperfect information about worker types, in …. In equilibrium, some high type workers forgo signaling and are hired by better informed firms, who make positive profits …
Persistent link: https://www.econbiz.de/10012947651