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Donating Time or Money : Are They Substitutes or Complements?

Hartmann, Bastian - 2012

Decisions to donate time or money for charitable purposes are typically seen as make-or-buy decisions, implying that there should be a clear distinction between individuals engaging in one of these two forms of giving and that this distinction should be somehow linked to opportunity costs. But...

Persistent link: https://www.econbiz.de/10013105136

Auctions with Imperfect Commitment When the Reserve May Serve as a Signal

Jun, Byoung - 2014

If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by strategic non-participation, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer's type, which drives a unique separating and a...

Persistent link: https://www.econbiz.de/10013059473

Signaling to Experts

Kurlat, Pablo D. - 2017

We study competitive equilibrium in a signaling economy with heterogeneously informed buyers. In terms of the classic … Spence (1973) model of job market signaling, firms have access to direct but imperfect information about worker types, in …. In equilibrium, some high type workers forgo signaling and are hired by better informed firms, who make positive profits …

Persistent link: https://www.econbiz.de/10012946849

Who Should Pay for Certification?

Stahl, Konrad; Strausz, Roland - 2021

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...

Persistent link: https://www.econbiz.de/10013316064

Measuring Agents' Reaction to Private and Public Information in Games with Strategic Complementarities

Cornand, Camille; Heinemann, Frank - 2021

In games with strategic complementarities, public information about the state of the world has a larger impact on equilibrium actions than private information of the same precision, because the former is more informative about the likely behavior of others. This may lead to welfare-reducing...

Persistent link: https://www.econbiz.de/10013316251

Information Asymmetry, Education Signals and the Case of Ethnic and Native Germans

Hornig, Stephan O.; Rottmann, Horst; Wapler, Rüdiger - 2021

This paper analyses the effects of education signals for Ethnic Germans and Germans without a migration background ('Native Germans'). We base our analysis on a sorting model with productivity enhancing effects of education. We compare whether the signalling value differs between the migrants...

Persistent link: https://www.econbiz.de/10013316355

Human Capital, Signaling, and Employer Learning. What Insights Do We Gain from Regression Discontinuity Designs

Graetz, Georg - 2018

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/10012929537

Ex Post Information Rents in Sequential Screening

Krahmer, Daniel - 2014

We study ex post information rents in sequential screening models where the agent receives private ex ante and ex post information. The principal has to pay ex post information rents for preventing the agent to coordinate lies about his ex ante and ex post information. When the agent's ex ante...

Persistent link: https://www.econbiz.de/10013054499

On the Political Economy of Environmental Policy

Kirchgässner, Gebhard; Schneider, Friedrich - CESifo - 2002

In the past there was hardly any use of economic instruments in environmental policy, mainly command and control measures were used. More recently, ecological taxes as well as tradable permits became more popular and voluntary agreements have been imple-mented. Using the Public Choice ap-proach...

Persistent link: https://www.econbiz.de/10005051508

Do Permit Allocations Matter?

Verbon, Harrie A. A; Withagen, Cees A. - CESifo - 2010

In the standard setting a system of tradable permits is effective and cost-efficient in attaining the policy objective of pollution reduction. This outcome is challenged in case of a tradable permit system in a federal system/constitution with individual states having discretionary power...

Persistent link: https://www.econbiz.de/10008727284