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' later signaling their private information to rivals. Due to signaling, equilibrium prices are distorted, and so while firms …, compared with firms that do not attempt to manipulate rivals' beliefs, signaling firms acquire less precise information. An …
Persistent link: https://www.econbiz.de/10011548620
studying (the pure human capital model) or whether studying has no effect on productivity (the pure signaling model). Thus … help to distinguish between human capital and signaling. However, with longitudinal data, RDD can be used to estimate the …
Persistent link: https://www.econbiz.de/10011758735
Persistent link: https://www.econbiz.de/10003863382
Water resources are crucial for the continuity of life. Humans and living species need fresh water for drinking and sanitation, while industries in most sectors of the economy need water for some part of production processes themselves. Access to fresh water is a grand challenge at the global...
Persistent link: https://www.econbiz.de/10013025378
Court decisions in the past twenty years such as Southern Burlington County NAACP v. Mount Laurel Associated, as well as recent legislation, have made exclusionary zoning laws based on race illegal and have limited, at least in many states, the legality of exclusionary zoning based on income....
Persistent link: https://www.econbiz.de/10014074374
signals that is concave, a feature that earlier studies used to dismiss educational signaling. Using a synthetic panel data … signaling framework theoretically and empirically. …
Persistent link: https://www.econbiz.de/10010261976
In this paper we challenge basic results of signaling models. In our banking model each project of a borrower is …
Persistent link: https://www.econbiz.de/10010300605
The last decade has seen the burgeoning of several hundred local community currency institutions in cities across the world. Although residents of these communities claim that local currency promotes local development, how if at all it does so has hitherto been unexplored. This paper argues that...
Persistent link: https://www.econbiz.de/10011507689
Regulators and the firms they regulate interact repeatedly. Over the course of these interactions, the regulator collects data that contains information about the firm's id- iosyncratic private characteristics. This paper studies the case in which the regulator uses information gleaned from past...
Persistent link: https://www.econbiz.de/10012024566
In the last decade, social media and the Internet have amplified the possibility to spread false information, a.k.a. fake news, which has become a serious threat to the credibility of politicians, organizations, and other decision makers. This paper proposes a framework for investigating the...
Persistent link: https://www.econbiz.de/10011775941