The American Economic Review, Volume 96American Economic Association., 2006 |
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Página 939
... correlation between insurance coverage and risk occurrence that private information about risk type alone would produce , these findings also suggest that the widely used " positive correlation " test for asymmetric information can lead ...
... correlation between insurance coverage and risk occurrence that private information about risk type alone would produce , these findings also suggest that the widely used " positive correlation " test for asymmetric information can lead ...
Página 947
... correlation test , we are unable to reject the null hypothesis of zero correlation . Proper implementation of the positive corre- lation test requires that we examine insurance demand among individuals who face the same set of possible ...
... correlation test , we are unable to reject the null hypothesis of zero correlation . Proper implementation of the positive corre- lation test requires that we examine insurance demand among individuals who face the same set of possible ...
Página 1145
... correlation among members ' preferences . As we saw in Section A , the optimal enforceable voting rule does not depend on the correlation among the preference shocks 0. The range of discount factors for which the first - best rule q ...
... correlation among members ' preferences . As we saw in Section A , the optimal enforceable voting rule does not depend on the correlation among the preference shocks 0. The range of discount factors for which the first - best rule q ...
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agent analysis assumption auction average behavior bidder bonus rate buyer certifier choice choose coefficient column concave condition consumption correlation cost cotinine countries demand denote distribution earnings effect efficient effort levels endogenous enrollment equation equilibrium estimates exchange rate expected Figure firm gamble GATT growth higher human capital impact implies incarceration income increase incumbent investment Jobs Journal of Economics Lemma March CPS marginal marginal cost match May/ORG measure ment mixed strategy monthly contract Nash equilibrium nomic observed optimal order flow outcomes p-value paper parameter payoff percent period players predictions preferences price vector profits Proposition quantiles regression relative supply residual residual variance risk aversion rounds sample Section skills smoking standard strategy subsidy Table tariff Theorem tion topcode users utility functions variables variance wage inequality Walrasian equilibrium welfare workers x₁ zero