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The objective of the study is to investigate the effect of the oath script (HO) in an hypothetical Contingent Valuation survey in a Mediterranean country (e.g. Italy). Hence, there were conducted the ...
In a representative system of government, policy outcomes are affected by the political preferences and the beliefs of the voters. The media play a key role in shaping these preferences and beliefs....
Does media bias affect voting? We analyze the entry of Fox News in cable markets and its impact on voting. Between October 1996 and November 2000, the conservative Fox News Channel was introduced in...
It is well known that non-random attrition can lead to bias in estimating treatmenteffects from a social experiment that is based on random assignment. If the randomized intervention suffers from non-...
An economy populated by a representative agent with power utility predicts an equity premium which is far below the realized equity premium in postwar data, at least for “reasonable parameters” for ...
Media Bias in the Marketplace: Theory     Theory  Marketplace       2015/7/17
We review the theoretical literature on market determinants of media bias. We present a theoretical framework that organizes many key themes in the literature, and discuss substantive lessons.
Home Bias at Home:Local Equity Preference in Domestic Portfolios.
Which source of information contains greater bias and slant—text written by an expert or that constructed via collective intelligence? Do the costs of acquiring, storing, displaying and revising infor...
There exists an extensive literature that attempts to identify important factors that determine trade policies. An understanding of these important factors could be useful when negotia...
Competition and Bias     Competition  Bias  measure       2014/3/18
We attempt to measure the effect of competition on bias in the context of analyst earnings forecasts, which are known to be excessively optimistic due to conflicts of interest. Our natural experiment ...
We study the informational efficiency of a market with a single traded asset. The price initially differs from the fundamental value, about which the agents have noisy private information (which is, ...
When analyzing bilateral trade flow data, zero trade flows are quite common and problematic when a gravity equation is estimatedwith a log-linear functional form. This has caused many researchers to e...
We show that independently repeated cross-sectional data can reduce the asymptotic bias when instruments are weakly correlated to the endogenous variables. When both N and T go to infinite, we can obt...
Theory suggests that, in the presence of local bias, the price of a stock should be decreasing in the ratio of the aggregate book value of firms in its region to the aggregate risk tolerance of invest...

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