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Local Information and Firm Expectations About Aggregates

Dovern, Jonas; Müller, Lena; Wohlrabe, Klaus - 2022

Using new survey data on quantitative growth expectations of firms in Germany, we show that firms resort to local information when forming expectations about aggregate growth. Firms extrapolate from the economic situation in their county, industry growth and their individual business situation....

Persistent link: https://www.econbiz.de/10014081046

All it Takes is One : The Effect of Weakest-Link and Summation Aggregation on Public Good Provision Under Threshold Uncertainty

Carlsson, Frederik; Ek, Claes; Lange, Andreas - 2021

We report experimental evidence on the voluntary provision of public goods under threshold uncertainty. By explicitly comparing two prominent technologies, summation and weakest link, we show that uncertainty is particularly detrimental to threshold attainment under weakest link, where low...

Persistent link: https://www.econbiz.de/10013311716

Endogenous Timing and Income Inequality in the Voluntary Provision of Public Goods : Theory and Experiment

Itaya, Jun-ichi - 2019

This paper investigates how the heterogenous incomes and preferences of potential donors affect the timing of contribution decisions when it is endogenously determined by contributors themselves. More specifically, we use a simple setting with two donors, Cobb-Douglas preferences, and complete...

Persistent link: https://www.econbiz.de/10012892149

The Financial and Non-Financial Performance of Token-Based Crowdfunding : Certification Arbitrage, Investor Choice, and the Optimal Timing of ICOs

Dombrowski, Niclas; Drobetz, Wolfgang; Hornuf, Lars; … - 2023

financial and operating performance are consistent with our theory of certification arbitrage; i.e., institutional investors use …

Persistent link: https://www.econbiz.de/10014355191

Speed, Quality, and the Optimal Timing of Complex Decisions : Field Evidence

Sunde, Uwe; Zēgners, Dainis; Strittmatter, Anthony - 2022

This paper presents an empirical investigation of the relation between decision speed and decision quality for a real-world setting of cognitively-demanding decisions in which the timing of decisions is endogenous: professional chess. Move-by-move data provide exceptionally detailed and precise...

Persistent link: https://www.econbiz.de/10013306854

The Devil You Know : Rational Inattention to Discrete Choices When Prior Information Matters

Pellegrino, Bruno - 2023

In the seminal rational inattention model of Matĕjka and McKay (2015), logit demand arises from the discrete choice of agents who are uncertain about choice payoffs and who have access to a flexible, costly information acquisition technology (RI-logit). A notable limitation of this powerful...

Persistent link: https://www.econbiz.de/10014358846

Dynamic Rational Inattention and the Phillips Curve

Afrouzi, Hassan; Yang, Choongryul - 2021

-driven theory of dynamic pricing in which the Phillips curve slope is endogenous to systematic aspects of monetary policy. In our …

Persistent link: https://www.econbiz.de/10013250042

Distribution and Use of Knowledge Under the 'Laws of the Web'

Falkinger, Josef - 2021

Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a mass of producers and users of knowledge interact through a distribution medium. This paper considers the consequences of this fact for economic equilibrium analysis. In...

Persistent link: https://www.econbiz.de/10013316668

Parents Under Stress - Evaluating Emergency Childcare Policies During the First COVID-19 Lockdown in Germany

Schüller, Simone; Steinberg, Hannah - 2021

parenting behavior? Can emergency childcare policies during a pandemic mitigate increases in parental stress and negative …

Persistent link: https://www.econbiz.de/10013227607

Revisiting Time as a Trade Barrier : Evidence from a Panel Structural Gravity Model

Oberhofer, Harald - 2019

In this paper we revisit the evidence on the effects of time spent on border-crossing procedures for international … trade using a theory-consistent structural gravity model. We exploit a rich panel data set including domestic trade flows … significant negative effect of the time required for border procedures that is driven by the time needed for document preparation …

Persistent link: https://www.econbiz.de/10012892158