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Searched for Paper market.
Found 50 results.
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Found 50 results.
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Events // 09.12.2024
The paper presented in this Virtual Market Design Seminar considers a dynamic model in which a principal decides what information to release about a product of unknown quality (e.g., a vaccine) to [...] incentive to wait and see other agents’ experiences poses a significant obstacle to social learning. The paper shows that the optimal feedback mechanism to mitigate information free-riding takes a strikingly simple
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Publications // 20.11.2024
This paper shows that nineteenth-century industrialization is an essential determinant of the pronounced changes in economic prosperity across German regions over the last 100 years. Using novel data on [...] on economic activity in 163 labor market regions in West Germany, we find that nearly half of them experienced a reversal of fortune, moving from the lower to the upper median of the income distribution
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Events // 08.05.2025
financial markets. This two-day conference shall provide a stimulating environment for in-depth debates on (the interplay between) the effects of demographic change and climate change on financial markets and [...] change and climate change pose major challenges for the sustainability and stability of financial markets. For households, firms and financial institutions these entail far-reaching consequences with regard [...] research questions arising from policy responses. We invite empirical and theoretical submissions (full papers only) with a microeconomic focus. Topics may include, but are not limited to: •
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Publications // 06.11.2024
This paper shows that angel investor grants encourage new investors to enter the risk finance market, where they syndicate investments with other investors. We argue that this results from the high cost [...] cost of information acquisition for new investors. New investors bring additional capital into the market but provide little managerial support. However, as these investors join syndicates, ventures can