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The Limits of Career Concerns in Federalism:Evidence from China
career concerns federalism hierarchies public goods autocracy China
2015/7/23
Performance-based promotion schemes in administrative hierarchies have limitations. Chinese provincial leaders, despite facing strong career concerns, make different policy decisions depending on thei...
Career Concerns and Staged Investment:Evidence from the Venture Capital Industry
Performance Efficiency Valuation Venture Capital Investment Decisions Motivation and Incentives
2015/5/13
I develop a model in which career concerns lead to inefficient reinvestment decisions. Managers have incentives to inflate interim returns by continuing bad projects and delaying write-offs. In the ve...
Transparency Regulation as a Remedy for Network Neutrality Concerns
Telecommunications Regulation Transparency Network Neutrality
2014/11/27
We present a research project in experimental law and economics about the effects of new transparency provisions in European telecommunications law on Internet Service Providers (ISPs) and end-users i...
POST-MORATORIUM EU REGULATION OF GENETICALLY MODIFIED PRODUCTS: TRADE CONCERNS
EU regulatory regime Genetically Modified (GM) products Science SPS
2014/4/11
Trade in genetically modified (GM) products remains a major issue in agricultural trade policy. In
particular, the European Union has sought to deny market access to GM-products. In the wake of a W...
Perceived risks and safety concerns about fluid milk among Chinese college students
perceived milk risks milk consumption behaviour Chinese college students’ milk consumption milk safety regulations
2014/4/2
The study uses the questionnaire information collected through personal interviews with college students at a large university in Beijing, China to discuss the students’ perceived milk risks and their...
Analyzing the Analysts: Career Concerns and Biased Earnings Forecasts
Analyzing Analysts Career Concerns Biased Earnings Forecasts
2014/3/18
We examine securityanalysts’career concerns byrelating their earnings forecasts to job separations. Relativelyaccurate forecasters are more likelyto experience favorable career outcomes like moving up...
Security analysts’ career concerns and herding of earnings forecasts
Security analysts’ career concerns herding earnings forecasts
2014/3/18
Several theories of reputation and herd behavior (e.g., Scharfstein and Stein (1990),and Zwiebel (1995)) suggest that herding among agents should vary with career concerns. Our goal is to document whe...