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Chopra, Felix - 2020

We examine whether the desire for more information is people's dominant motive for reading economic and political news. Drawing on representative samples of the U.S. population with more than 15,000 respondents in total, we measure and experimentally vary people's beliefs about the...

Persistent link: https://www.econbiz.de/10012843435

Credence Goods Markets and the Informational Value of New Media : A Natural Field Experiment

Kerschbamer, Rudolf - 2019

Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become easy and cheap for consumers to self-diagnose...

Persistent link: https://www.econbiz.de/10012859603

Optimal regulation of auditing

Pagano, Marco; Immordino, Giovanni - 2007

We study regulation of the auditing profession in a model where audit quality is unobservable and enforcing regulation is costly. The optimal audit standard falls short of the first-best audit quality, and is increasing in the riskiness of firms and in the amount of funding they seek. The model...

Persistent link: https://www.econbiz.de/10010264117

Elections and market provision of information

Bruns, Christian - 2013

Economists usually think that rational voters have little incentives to acquire costly information. We present a theoretical model to show that, in contrast to this widely held belief, rational voters acquire considerable amounts of information if media technology is available because then they...

Persistent link: https://www.econbiz.de/10010291504

Regulatory risk under optimal incentive regulation

Strausz, Roland - 2009

The paper provides a tractable, analytical framework to study regulatory risk. Regulatory risk is captured by uncertainty about the policy variables in the regulator's objective function: weights attached to profits and costs of public funds. Results are as follows: 1) The regulator's reaction...

Persistent link: https://www.econbiz.de/10010276836

Is Western European Agriculture Resilient to High Temperatures?

Massetti, Emanuele - 2019

agriculture is likely to be smooth …

Persistent link: https://www.econbiz.de/10012892286

Droughts and Farms' Financial Performance in New Zealand : A Micro Farm-Level Study

Pourzand, Farnaz - 2019

We quantify the impacts of droughts in New Zealand on the profitability of dairy, and sheep and beef farms. Using a comprehensive administrative database of all businesses in New Zealand, we investigate the impact of droughts on farm revenue, profits, return on capital, business equity, debt to...

Persistent link: https://www.econbiz.de/10012870640

Measuring the Immeasurable : The Evolution of the Size of Informal Economy in the Agricultural Sector in the EU-15 Up to 2019

Schneider, Friedrich; Morkunas, Mangirdas; Quendler, Erika - 2021

This study is the first scientific attempt to calculate the size of the informal economy in agriculture. The Multiple … higher levels of informal economy in agriculture compared to the overall economy. The impact of subsidies and farm … organizations on the development of the informal economy are two important factors for these higher values in agriculture. The …

Persistent link: https://www.econbiz.de/10013239559

Impacts of Droughts and Floods on Agricultural Productivity in New Zealand as Measured from Space

Blanc, Élodie; Noy, Ilan - 2022

This study estimates the impact of excess precipitation (or the absence of rainfall) on productivity of agricultural land parcels in New Zealand. This type of post-disaster damage assessments aims to allow for quantification of disaster damage when on-the-ground assessment of damage is too...

Persistent link: https://www.econbiz.de/10013296265

Using chebyshev polynomials to approximate partial differential equations

Caporale, Guglielmo Maria; Cerrato, Mario - 2008

This paper suggests a simple method based on a Chebyshev approximation at Chebyshev nodes to approximate partial differential equations. It consists in determining the value function by using a set of nodes and basis functions. We provide two examples: pricing a European option and determining...

Persistent link: https://www.econbiz.de/10010264366

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