future market conditions, possibly aided by algorithms. Prices and profits are inverse u-shaped in prediction ability …. Assigning future market shares is optimal when prediction ability is intermediate, and otherwise direct transfers are optimal …

future market conditions, possibly aided by algorithms. Prices and profits are inverse u-shaped in prediction ability …. Assigning future market shares is optimal when prediction ability is intermediate, and otherwise direct transfers are optimal …

future market conditions, possibly aided by algorithms. Prices and profits are inverse u-shaped in prediction ability …. Assigning future market shares is optimal when prediction ability is intermediate, and otherwise direct transfers are optimal …

future market conditions, possibly aided by algorithms. Prices and profits are inverse u-shaped in prediction ability …. Assigning future market shares is optimal when prediction ability is intermediate, and otherwise direct transfers are optimal …

.e., their prediction ability), and derives an aggregate production function as a result of entrepreneurship. An increase in … firms' prediction ability improves allocative efficiency in a competitive economy, but can reduce it when opportunities are … distorted. It is shown that prediction ability can aggravate distortions in the presence of political risk. Because efficiency …

firms' prediction ability on Total Factor Productivity (TFP) is investigated using data from Japan's Census of Manufacturing. …