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We analyze price formation and liquidity in a non-anonymous specialist market. Our main hypothesis is that the non-anonymity …
Persistent link: https://www.econbiz.de/10005011683
Persistent link: https://www.econbiz.de/10005012723
This paper offers a simple but rich framework to study communication subject to various constraints such as anonymity …
Persistent link: https://www.econbiz.de/10005047765
We propose a simple criterion to compare generalized median voter schemes according to their manipulability. We identify three necessary and sufficient conditions for the comparability of two generalized median voter schemes in terms of their vulnerability to manipulation. The three conditions...
Persistent link: https://www.econbiz.de/10011599577
anonymity. The standard definition requires that if agents' names are permuted, their assignments should be permuted in the same … way. Since no rule satisfies this definition in this model, we introduce weaker variants, "anonymity on distinct … preferences," "pairwise-anonymity on distinct preferences," "pairwise-anonymity on distinct profiles," and "independence of others …
Persistent link: https://www.econbiz.de/10011421502
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Awards are widespread in all countries and are prevalent both in the public sphere and in the private sector. This paper argues, and empirically supports, that awards serve public functions and economists should take them seriously. Using a unique cross-country data set, we suggest that awards...
Persistent link: https://www.econbiz.de/10012168363
We explore theoretically and empirically whether social interaction, including local and global interaction, influences the incidence of corruption. We first present an interaction-based model on corruption that predicts that the level of corruption is positively associated with social...
Persistent link: https://www.econbiz.de/10012168364
Crowdfunding allows the public to donate small amounts of money to entrepreneurs through online platforms. In contrast with traditional financial institutions, this new method facilitates the financing process through direct and easy online contact between initiators and investors. Based on the...
Persistent link: https://www.econbiz.de/10012611309
hateful content and writer anonymity. To measure hate, we first develop a supervised machine-learning model that predicts hate … decrease in writer anonymity leads to less hate against foreign residents but an increase in hate against women. We conjecture …
Persistent link: https://www.econbiz.de/10012615418