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The economics of credence goods: on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the … determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation …
Persistent link: https://www.econbiz.de/10010271236
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Badge of Honor or Scarlet Letter? Unpacking Investors' Judgment of Entrepreneurs' Past Failure
Zunino, Diego; van Praag, Mirjam C.; Dushnitsky, Gary - 2017
our predictions using an online experiment where respondents are potential investors in seed stage ventures via equity …
Persistent link: https://www.econbiz.de/10011744729
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The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2009
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the … determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation …
Persistent link: https://www.econbiz.de/10005822832
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Female Board Representation and Corporate Performance: A Review and New Estimates for Australia
Bayly, Nicholas; Breunig, Robert; Wokker, Chris - 2023
Despite a conventional wisdom that female board members positively impact firm performance, a thorough examination of the research to date reveals no consensus that female board members have either a positive or negative effect on firm performance. We build the largest dataset of Australian...
Persistent link: https://www.econbiz.de/10014469498
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Does Financial Deregulation Boost Top Incomes? Evidence from the Big Bang
Tanndal, Julia; Waldenström, Daniel - 2016
This study estimates the impact of financial deregulation on top income shares. Using the novel econometric method of constructing synthetic control groups, we show that the "Big Bang"-deregulations in the United Kingdom in 1986 and Japan 1997-1999 increased the share of pre-tax incomes going to...
Persistent link: https://www.econbiz.de/10011451261
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Food Aid and Violent Conflict: A Review of Literature
Koppenberg, Maximilian; Mishra, Ashok K.; Hirsch, Stefan - 2023
We decompose the relationship between food aid and conflict into the channels through which food aid can affect conflict. We address questions of methodological choice and estimation techniques for empirical studies. Our review of the empirical evidence on the effect of food aid on conflict...
Persistent link: https://www.econbiz.de/10014469350
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Volume, Risk, Complexity: What Makes Development Finance Projects Succeed or Fail?
Eilers, Yota; Kluve, Jochen; Langbein, Jörg; Reiners, … - 2023
In 2022, governments around the world committed USD 211 bn. to official development assistance. Despite these high contributions, systematic assessments of the determinants of success - or failure - of development aid projects remain limited, particularly for bilateral development aid. This...
Persistent link: https://www.econbiz.de/10014469686
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Contests, NGOs and decentralizing aid
Epstein, Gil S.; Gang, Ira N. - 2005
International donors usually have particular goals they want to achieve with their foreign aid, for example, poverty alleviation. In the international aid story lobbying by potential recipient groups attempting to capture the donor's support play a potentially important role for nongovernmental...
Persistent link: https://www.econbiz.de/10010267360
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The impact of aid on growth revisited: do donor motives matter?
Kilby, Christopher; Dreher, Axel - 2009
The typical identification strategy in aid effectiveness studies assumes donor motives do not influence the impact of aid on growth. We call this homogeneity assumption into question, first constructing a model in which donor motives matter and then testing the assumption empirically.
Persistent link: https://www.econbiz.de/10010269176
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The costs of favoritism: is politically-driven aid less effective?
Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - 2010
As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...
Persistent link: https://www.econbiz.de/10010269460