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A Signaling Model of University Selection

Anic, Ivan; Bozin, Vladimir; Uroševic, Branko - 2016

We propose a signaling model of student enrollment dynamics based on probabilities of completion of studies, under different rationality assumptions. There are two types of students and two schools. School of graduation serves as a signal of student productivity to prospective employers. The...

Persistent link: https://www.econbiz.de/10011431282

Occupation Growth, Skill Prices, and Wage Inequality

Böhm, Michael J.; von Gaudecker, Hans-Martin; Schran, Felix - 2019

This paper studies the relationship between changes in occupational employment, occupational wages, and rising overall wage inequality. Using long-running administrative panel data with detailed occupation codes, we first document that in all occupations, entrants and leavers earn lower wages...

Persistent link: https://www.econbiz.de/10012141078

Demand for Multi-Year Catastrophe Insurance Contracts : Experimental Evidence for Mitigating the Insurance Gap

Dudek, Thomas; Ulm, Eric; Noy, Ilan - 2021

People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many … homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts … to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …

Persistent link: https://www.econbiz.de/10013312079

Insurance for Catastrophes - Indemnity vs. Parametric Insurance with Imperfect Information

Feess, Eberhard; Jordan, Cathrin; Noy, Ilan - 2022

Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without …. Efforts to close this insurance gap include the introduction of parametric (index) insurance products for various catastrophic … risks. We compare parametric to indemnity insurance in a simple model where the insurance company has superior information …

Persistent link: https://www.econbiz.de/10013296268

Gender Stereotypes and Homophily in Team Formation

Cabrales, Antonio; Ductor, Lorenzo; Rascón-Ramírez, Ericka - 2025

Women often find themselves in teams that hinder their productivity and earnings. We analyze the role of homophily and gender stereotypes in preferences for team formation and examine the effect of information on changing these preferences. We find that women are expected to perform better in...

Persistent link: https://www.econbiz.de/10015339509

Measuring strategic uncertainty in coordination games

Heinemann, Frank; Nagel, Rosemarie; Ockenfels, Peter - 2004

This paper explores three aspects of strategic uncertainty: its relation to risk, predictability of behavior and subjective beliefs of players. In a laboratory experiment we measure subjects? certainty equivalents for three coordination games and one lottery. Behavior in coordination games is...

Persistent link: https://www.econbiz.de/10010261109

Disappointment Aversion and Social Comparisons in a Real-Effort Competition

Gaechter, Simon; Huang, Lingbo; Sefton, Martin - 2017

We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition. Specifically, we study the contribution of social comparison effects to the disappointment aversion previously identified in a two-person real-effort competition (Gill and...

Persistent link: https://www.econbiz.de/10011698656

Firms' Optimism and Pessimism

Bachmann, Ruediger; Elstner, Steffen - 2013

Are firms` expectations systematically too optimistic or too pessimistic? Does it matter? We use micro data from the West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level and combine them with production expectations over a...

Persistent link: https://www.econbiz.de/10010292702

Disagreement and Optimal Security Design

Ortner, Juan M.; Schmalz, Martin C. - 2018

We study optimal security design when the issuer and market participants agree to disagree about the characteristics of the asset to be securitized. We show that pooling assets can be optimal because it mitigates the effects of disagreement between issuer and investors, whereas tranching a...

Persistent link: https://www.econbiz.de/10011815799

Revealed Preferences in a Sequential Prisoners' Dilemma: A Horse-Race Between Five Utility Functions

Miettinen, Topi; Kosfeld, Michael; Fehr, Ernst; … - 2017

certain optimism (whereby subjects overestimate probabilities for favorable outcomes), the former being about twice as strong …

Persistent link: https://www.econbiz.de/10011615913