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Learning while setting precedents
Chen, Ying; Eraslan, Hülya - 2018
A decision maker (DM) must address a series of problems over time. Each period, a random case arises and the DM must make a yes-or-no decision, which we call a ruling. She is uncertain about the correct ruling until she conducts a costly investigation. A ruling establishes a precedent, which may...
Persistent link: https://www.econbiz.de/10012060212
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Learning while setting precedents
Chen, Ying; Eraslan, Hülya - 2020
A decision maker makes a ruling on a random case in each period. She is uncertain about the correct ruling until conducting a costly investigation. A ruling establishes a precedent, which cannot be violated under binding precedent. We compare the information acquisition incentives, the evolution...
Persistent link: https://www.econbiz.de/10012430043
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The Rise of NGO Activism
Daubanes, Julien; Rochet, Jean-Charles - 2016
status of NGO activism and the appropriate degree of transparency. …
Persistent link: https://www.econbiz.de/10011480474
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A Good Beginning Makes a Good Market: The Effect of Different Market Opening Structures on Market Quality
Hinterleitner, Gernot; Hornung, Philipp; … - Social- und Wirtschaftswissenschaftliche Fakultät, … - 2012
mechanisms in a unified experimental framework. The call auctions differ with respect to their levels of transparency. We find …
Persistent link: https://www.econbiz.de/10011098108
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The rise of NGO activism
Daubanes, Julien; Rochet, Jean-Charles - 2016 - This version: April, 2016
status of NGO activism and the appropriate degree of transparency. …
Persistent link: https://www.econbiz.de/10011474646
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Learning while setting precedents
Chen, Ying; Eraslan, Hülya - 2018
A decision maker (DM) must address a series of problems over time. Each period, a random case arises and the DM must make a yes-or-no decision, which we call a ruling. She is uncertain about the correct ruling until she conducts a costly investigation. A ruling establishes a precedent, which may...
Persistent link: https://www.econbiz.de/10011824214
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Learning while setting precedents
Chen, Ying; Eraslan, Hülya - 2020
A decision maker makes a ruling on a random case in each period. She is uncertain about the correct ruling until conducting a costly investigation. A ruling establishes a precedent, which cannot be violated under binding precedent. We compare the information acquisition incentives, the evolution...
Persistent link: https://www.econbiz.de/10012241003
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Banks without Parachutes : Competitive Effects of Government Bail-out Policies
Hakenes, Hendrik; Schnabel, Isabel - 2004
the competitive effects of such policies in two models with different degrees of transparency in the banking sector. Our …-taking and on welfare depend on the transparency of the banking sector. …
Persistent link: https://www.econbiz.de/10010261478
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Transparency through financial claims with fingerprints: A free market mechanism for preventing mortgage securitization induced financial crises
Gründl, Helmut; Post, Thomas - 2009
Lack of transparency in securitization transactions significantly contributed to the severe financial crisis of … 20072009. To increase transparency we propose a new mechanism: financial claims with fingerprints. They would allow market … considerably enhance transparency in securitization transactions at the expense of some transaction costs, while reducing the need …
Persistent link: https://www.econbiz.de/10010265673
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Stale information, shocks and volatility
Gropp, Reint E.; Kadareja, Arjan - 2007
that the results have implications for debate surrounding the opacity of banks and the transparency requirements that may …
Persistent link: https://www.econbiz.de/10010270645