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This supplementary appendix covers all the proofs that were skipped from the text or the appendix of Bayesian Comparative Statics (Mekonnen and Leal-Vizcaino, 2018). In particular, the proof for Corollary 1, Proposition 3, Theorem 2, and Theorem 3 are contained in this document. Several...
Persistent link: https://www.econbiz.de/10012851656
We study how changes to the informativeness of signals in Bayesian games and single‐agent decision problems affect the distribution of equilibrium actions. Focusing on supermodular environments, we provide conditions under which a more precise private signal for one agent leads to an...
Persistent link: https://www.econbiz.de/10012806926
Persistent link: https://www.econbiz.de/10012495330
I consider a moral hazard problem with risk neutral parties, limited liability, and an informed principal. The contractible outcome is correlated to both the principal's private information and the agent's hidden action. In contrast to a model without a privately informed principal or without...
Persistent link: https://www.econbiz.de/10012853305
This paper highlights a previously-unnoticed property of commonly-used discrete choice models, which is that they feature parallel demand curves. Specifically, we show that in random utility models, inverse aggregate demand curves shift in parallel with respect to variety if and only if the...
Persistent link: https://www.econbiz.de/10013310584
This paper studies commodity taxation in a model featuring heterogeneous consumers, imperfect competition, and tax salience. We derive new formulas for the incidence and marginal excess burden of commodity taxation, and we find that tax salience and market structure interact when considering tax...
Persistent link: https://www.econbiz.de/10014088737
This paper studies commodity taxation in a model featuring heterogeneous consumers, imperfect competition, and tax salience. We derive new formulas for the incidence and marginal excess burden of commodity taxation, and we find that tax salience and market structure interact when considering tax...
Persistent link: https://www.econbiz.de/10014095816
This paper studies commodity taxation in a general model featuring imperfect competition and tax salience. We derive new formulas for the incidence and marginal excess burden of commodity taxation, and we estimate the necessary inputs to the formulas by combining Nielsen Retail Scanner data from...
Persistent link: https://www.econbiz.de/10012481604
This paper highlights a previously-unnoticed property of commonly-used discrete choice models, which is that they feature parallel demand curves. Specifically, we show that in random utility models, inverse aggregate demand curves shift in parallel with respect to variety if and only if the...
Persistent link: https://www.econbiz.de/10012481632
This paper studies commodity taxation in a model featuring heterogeneous consumers, imperfect competition, and tax salience. We derive new formulas for the incidence and marginal excess burden of commodity taxation highlighting interactions between tax salience and market structure. We estimate...
Persistent link: https://www.econbiz.de/10013440145