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pro vyhledávání: '"Arthur Fishman"'
Autor:
Arthur Fishman, Doron Klunover
Publikováno v:
Journal of Government and Economics, Vol 10, Iss , Pp 100076- (2023)
We present a model in which an imperfectly informed politician chooses between appointing an independent expert, whose advice is revealed to voters, and a loyal expert whose advice can be concealed from voters and who can therefore be blamed for a ba
Externí odkaz:
https://doaj.org/article/9dc312a08a0547de82d52a3002807437
Autor:
Boyan Jovanovic, Arthur Fishman
Publikováno v:
American Economic Journal: Microeconomics. 13:135-171
The prospect of capital obsolescence inhibits investment. Investors thus become more optimistic when the obsolescence of their capital slows down. We propose a model with no fixed costs of investment, and random technological progress that induces ob
Publikováno v:
Journal of Economic Behavior & Organization. 159:101-108
Despite abundant indications that individual choice is influenced by the observed choices of others, field evidence to distinguish rational observational learning, long hypothesized by economists, from mere imitative behavior remains elusive. We repo
Autor:
Dmitry Lubensky, Arthur Fishman
Publikováno v:
International Journal of Industrial Organization. 58:136-161
It is widely held that sellers prefer to appear early in a consumer’s search, but evidence suggests this need not be the case. We develop a model which incorporates costly search and costly return and demonstrate that appearing later may be better.
Autor:
Arthur Fishman
Publikováno v:
Economics Letters. 205:109933
The Diamond paradox (Diamond, 1971) asserts that in a market for a homogeneous good, if all consumers have positive search costs and search sequentially, then the unique equilibrium price is the monopoly price. I show that any finitely repeated versi
Publikováno v:
Small Business Economics. 51:811-822
It is often argued that smaller/younger firms are more innovative than older/larger firms—the latter may be “too big to succeed.” We show in the context of a simple industry model with consumer search frictions why evidence suggesting that smal
Autor:
Arthur Fishman, Nadav Levy
Publikováno v:
The Journal of Industrial Economics. 63:625-641
In this paper we analyze how lower search costs aect …rms'incentives to invest in quality. We identify two con‡icting eects. On the one hand, lower search costs increase incentives to invest in quality by eroding the market share of low quality