In many education and work environments, economic agents must perform several mental tasks in a short period of time … tasks are scheduled close together. In this paper, we identify the impact of time between cognitive tasks on performance in … shorter amount of time between exams is associated with lower scores, particularly on the second exam. Our estimates suggest …

a way to integrate Williamson's (1975) notion of guile into agency theory. We find that designing sales contracts for …

from VAR estimates. The extent of this “missing persistence bias” decreases with the level of aggregation, yet convergence … vary systematically with levels of aggregation should be examined with care since the differential speeds may disappear …

usefully aggregated into a single sector model. Such an aggregation misleads the economist as to the economy's underlying …

This paper examines the quantitative importance of temporal aggregation bias in distorting parameter estimates and … hypothesis tests. Our strategy is to consider two empirical examples in which temporal aggregation bias has the potential to … example investigates the possibility that temporal aggregation bias can lead to spurious Granger causality relationships. The …

asset markets and indivisible labor supply. Imperfect aggregation manifests itself through preference shocks in the …

us to estimate models with recursive preferences, latent state variables, and time-aggregated data. Time-aggregation … makes the decision interval of the agent an important parameter to estimate. We find that time-aggregation can significantly … affect parameter estimates and statistical inference. Imposing the pricing restrictions and explicitly accounting for time-aggregation …