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(<i>A</i>, <i>f</i>): Choice with Frames

Yuval Salant and Ariel Rubinstein.

in The Review of Economic Studies

October 2008; p ublished online October 2008 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy. 5551 words.

We develop a framework for modelling choice in the presence of framing effects. An extended choice function assigns a chosen element to every pair (A, f) where A is a set of alternatives,...

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Access pricing with regulated downstream competition and upstream externalities

Kristin Linnerud and Steinar Vagstad.

in European Review of Agricultural Economics

March 2010; p ublished online February 2010 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Antitrust Issues and Policies; Firm Objectives, Organization, and Behaviour; Agricultural Economics; Market Structure, Firm Strategy, and Market Performance. 7723 words.

We examine the optimal funding of farmers who have organised their activity in a cooperative that controls the supply of an input factor and meets competition in the market for its...

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Accessing remote knowledge—the roles of trade fairs, pipelines, crowdsourcing and listening posts

Peter Maskell.

in Journal of Economic Geography

September 2014; p ublished online February 2014 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Urban, Rural, and Regional Economics; Firm Objectives, Organization, and Behaviour. 8737 words.

Work on clusters during the last few decades convincingly demonstrates enhanced opportunities for local growth and entrepreneurship, but external upstream knowledge linkages are often...

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Adam Smith on markets, competition and violations of natural liberty

Heinz D. Kurz.

in Cambridge Journal of Economics

March 2016; p ublished online March 2015 .

Journal Article. Subjects: History of Economic Thought (to 1925); History of Economic Thought (1925 onwards); Information, Knowledge, and Uncertainy; Market Structure and Pricing; Economics; Financial Regulation. 12976 words.

According to Adam Smith, markets and trade are, in principle, good things—provided there is competition and a regulatory framework that prevents ruthless selfishness, greed and rapacity...

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Adverse Selection and Convertible Bonds

Archishman Chakraborty and Bilge Yilmaz.

in The Review of Economic Studies

January 2011; p ublished online January 2011 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Corporate Governance. 16191 words.

Informational asymmetries between a firm and investors may lead to adverse selection in capital markets. This paper demonstrates that when the market obtains noisy information about a firm...

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The adverse selection problem in imperfectly competitive financial markets

Ville Mälkönen and Timo Vesala.

in Oxford Economic Papers

October 2013; p ublished online November 2012 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Banking; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 5695 words.

We show that two horizontally differentiated banks can implement separating equilibria in markets for bank loans by using non-linear price schedules. The optimal strategies of the banks...

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Aggregating Information by Voting: The Wisdom of the Experts versus the Wisdom of the Masses

Joseph C. McMurray.

in The Review of Economic Studies

January 2013; p ublished online June 2012 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Analysis of Collective Decision-making. 16881 words.

This article analyzes participation and information aggregation in a common-value election with continuous private signals. In equilibrium, some citizens ignore their private information...

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Agricultural Contracts: Data and Research Needs

Brent Hueth, Ethan Ligon and Carolyn Dimitri.

in American Journal of Agricultural Economics

December 2007; p ublished online December 2007 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Agricultural Economics. 4184 words.

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Agricultural Insurance in Developed Countries: Where Have We Been and Where Are We Going?

Vincent H. Smith and Joseph W. Glauber.

in Applied Economic Perspectives and Policy

September 2012; p ublished online September 2012 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Agricultural Economics. 11803 words.

Agricultural insurance in developed countries originates in named peril products that were originally offered by private companies approximately two hundred years ago, first in Europe and...

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Agricultural policy in an uncertain world

Jean-Paul Chavas.

in European Review of Agricultural Economics

August 2011; p ublished online June 2011 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Welfare Economics; Agricultural Economics. 9497 words.

This paper briefly reviews the current food situation and provides some historical perspectives on its evolution over time. It documents the important effects of agricultural productivity....

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