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In this article, we examine disclosure as a tool to mitigate the effects of asymmetric information in a Thoroughbred yearling market. If disclosures influence market price, information contained therein must be valuable to buyers and hence diminish asymmetric information. Using public auction...
Persistent link: https://www.econbiz.de/10010880432
This paper investigates the relation between household income level and individual alcohol consumption behavior, and the relation between household income level and individual physical activity participation choice. Previous research is inconclusive regarding the relations on these two...
Persistent link: https://www.econbiz.de/10010880955
This paper investigates the relation between household income level and individual alcohol consumption behavior. Data from Behavioral Risk Factor Surveillance System (BRFSS) are tested utilizing a multinomial Logit method. The results show that alcohol consumption frequency positively correlates...
Persistent link: https://www.econbiz.de/10010915013
The article experimentally investigates individuals’ choice behavior between privacy and security. In a convenience sample of undergraduate and graduate students, we find that most individuals choose to sacrifice a moderate amount of privacy in exchange for a moderate increase in security. A...
Persistent link: https://www.econbiz.de/10010941296
Persistent link: https://www.econbiz.de/10010941310
Prices transmit information regarding the underlying quality of a product; when quality is unknown to both buyers and sellers, theory predicts that the same price should be charged for all products. However, in the Thoroughbred industry, difference fees are charged to breed to freshman sires,...
Persistent link: https://www.econbiz.de/10011143684
Many Thoroughbred stallions are being bred to increasing numbers of mares. This practice raises the question of how progeny value is affected by an increased supply of foals by the same sire, which ultimately influences the sire’s value. This paper addresses that question. Three of the...
Persistent link: https://www.econbiz.de/10011143685
Persistent link: https://www.econbiz.de/10008543236
The article experimentally investigates individuals’ choice behavior between privacy and security. In a convenience sample of undergraduate and graduate students, we find that most individuals choose to sacrifice a moderate amount of privacy in exchange for a moderate increase in security. A...
Persistent link: https://www.econbiz.de/10008543240
This article utilizes panel data on leading Thoroughbred sires from 1999 until 2008 and estimates the determinants of their stud fees, or the price paid for the rights to one breeding season, and the marginal value of those characteristics. Using a Fixed Effects (FE) estimation procedure, we...
Persistent link: https://www.econbiz.de/10010549377