Showing 1 - 10 of 29
In many online systems, individuals provide services for each other; the recipient of the service obtains a benefit but the provider of the service incurs a cost. If benefit exceeds cost, provision of the service increases social welfare and should therefore be encouraged but the individuals...
Persistent link: https://www.econbiz.de/10010660015
<Para ID="Par1">Markets typically have many ways of learning about quality, with two of the most important being reputational forces and certification, and these types of learning often interact with and influence each other. This paper is the first to consider markets where learning occurs through these...</para>
Persistent link: https://www.econbiz.de/10011240825
Much of the past empirical analysis of the Uncertainty of Outcome Hypothesis (UOH) has gauged the responsiveness of attendance to uncertainty in either the Major League Baseball or European football regular season. This study diverges from those studies by examining broadcast ratings for...
Persistent link: https://www.econbiz.de/10011139188
Previous analysis of fan motivation suggests a number of differences exist in the sport spectatorship of female and male fans, however discrepancies are present in the collective findings. We extend the literature by drawing on sport economic demand research, testing how specific game...
Persistent link: https://www.econbiz.de/10010871508
This work presents the development situation of biomass gasification power generation technology in China and analyzes the difficulty and challenge in the development process. For China, a large agricultural country with abundant biomass resources, the utilization of biomass gasification power...
Persistent link: https://www.econbiz.de/10010588109
Lignocellulosic biomass-based ethanol is categorized as 2<sup>nd</sup> generation bioethanol in the advanced biofuel portfolio. To make sound incentive policy proposals for the Chinese government and to develop guidance for research and development and industrialization of the technology, the paper reports...
Persistent link: https://www.econbiz.de/10011275211
This paper provides an extension of general equilibrium theory that incorporates the actions of individuals both as demanders and suppliers of goods and as members of firms, schools, social groups, and contractual relationships. The central notion of the paper is a group: a collection of...
Persistent link: https://www.econbiz.de/10005543479
This paper reports on experimental tests of an instantiation of the Lucas asset pricing model with heterogeneous agents and time-varying private income streams. Central features of the model (infinite horizon, perishability of consumption, stationarity) present difficult challenges and require a...
Persistent link: https://www.econbiz.de/10010902284
Much of the lending in modern economies is secured by some form of collateral; residential and commercial mortgages and corporate bonds are familiar examples. This paper builds an extension of general equilibrium theory that incorporates durable goods, collateralized securities and the...
Persistent link: https://www.econbiz.de/10010902287
We present a theory and experimental evidence on pricing and portfolio choices under asymmetric reasoning. We show that under asymmetric reasoning, prices do not reflect all (types of) reasoning. Some agents who observe prices that cannot be reconciled with their reasoning switch from perceiving...
Persistent link: https://www.econbiz.de/10010789919