Search results for "Econometric"
showing 10 items of 3780 documents
Are you a good employee or simply a good guy? Influence costs and contract design
2013
We develop a principal–agent model with a moral hazard problem in which the principal has access to a hard signal (the level of output) and a soft behavioral signal (the supervision signal) about the agent's level of effort. In our model, the agent can initiate influence activities and manipulate the behavioral signal. These activities are costly for the principal as they detract the agent from the productive task. We show that the agent's ability to manipulate the behavioral signal leads to low-powered incentives and increases the cost of implementing the efficient equilibrium as a result. Interestingly, the fact that manipulation activities entail productivity losses may lead to the desig…
A Further Note on Endogenous Spillovers in a Non-tournament R&D Duopoly
2008
This note considers the paper of Poyago-Theotoky (1999) on strategic R&D with endogenous spillovers. It proves through an example that, under R&D collusion, optimality sometimes requires either minimal or asymmetric spillovers. It also provides a simple sufficient condition for optimal spillovers between colluding firms to involve maximal spillovers (i.e., complete sharing of information).
Self-enforcing international environmental agreements with a stock pollutant
2005
In this paper the stability of an International Environmental Agreement (IEA) among N identical countries that emit a pollutant are studied using a two-stage game. In the first stage each country decides noncooperatively whether or not to join an IEA, and in the second stage signatories jointly against nonsignatories determine their emissions in a dynamic setting defined in continuous time. For this second stage we have studied both the open-loop Nash equilibrium and the feedback Nash equilibrium. A numerical simulation shows that a bilateral coalition is the unique self-enforcing IEA independently of the gains coming from cooperation and the kind of strategies played by the agents (open-lo…
Does complexity explain the structure of trade?
2013
This paper analyzes whether complexity, measured by the number of skilled tasks that are performed in production, explains countries commodity trade structure. We modify the Romalis ( ) model to incorporate advantage differences in complexity across commodities together with differences in the number of mistakes made by workers in the production process in developed and developing countries as a source of comparative advantage. Our model predicts that the share of developed countries in world trade increases with products complexity. Empirical tests confirm this prediction. Moreover, we find that complexity complements the explanation provided by skillintensity on countries commodity trade …
Correction to: The Many Faces of Human Sociality: Uncovering the Distribution and Stability of Social Preferences
2019
Audit Quality and Corporate Governance: Evidence from the Microfinance Industry
2015
This study uses a unique hand-collected sample of for-profit and nonprofit microfinance institutions from 70 developing countries to analyse the relationships between audit quality and governance mechanisms. We examine two measures of audit quality, namely, the use of Big Four auditors and the presence of internal auditors. The empirical analysis of this study reveals that these two quality metrics are highly related, although we also demonstrate that these metrics capture distinctive aspects of audit quality. In particular, the presence of internal auditors is related to other indicators of stricter governance, whereas the use of Big Four auditors is generally unrelated to other governance…
The migrant crisis in the Mediterranean Sea: Empirical evidence on policy interventions
2021
Abstract This paper presents a novel set of empirical evidence to explore several hypotheses regarding the migrant crisis in the Mediterranean Sea. The political instability in transit countries, such as Libya, that made pre-existent repatriation policies ineffective, called for several search-and-rescue operations in the Mediterranean, which in turn have been wrongly accused of fostering illegal immigration and increasing deaths at sea. The empirical results show that the main determinants of the departures are several root causes at the departing African countries, underlining the importance of fighting human smuggling networks. The paper suggests a change in migration studies’ perspectiv…
La internacionalización como variable moderadora en las estrategias fabricante-distribuidor
2013
ResumenEl presente trabajo analiza los antecedentes y los efectos de la satisfacción en el ámbito de la distribución comercial minorista. Como antecedentes se revisa el papel de 2 estrategias desarrolladas por el fabricante: ade imagen y producto vendido, y b)de proceso de servucción (antes, durante y después de la venta). Como efectos se aborda la fidelidad a través de 2 indicadores: a)la intención de compra, y b)la recomendación. El estudio, llevado a cabo sobre una muestra de 159minoristas (94domésticos y 59internacionales) de un fabricante de muebles, se completa analizando el papel moderador de la variable internacionalización. Los resultados, tratados mediante modelización estructural…
Factors influencing success in the Italian app markets: an empirical analysis
2014
Understanding the Drivers of the Daily App Rank: The Role of Revenue Models
2015
In this paper, based on data from two major app stores (Apple Store and Google Play), we study the role of several revenue models adopted by developers in the success of an app measured in terms of daily rank.