Browsing Produção Intelectual em Bases Externas by Author "Camargo, Bráz Ministério de"
Now showing items 1-8 of 8
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The essentiality of money in environments with centralized trade
2012Lagos and Wright (2005) introduced an influential model of monetary exchange in which trade alternates between centralized and decentralized markets and money is essential. A limitation of their model and of the literature ... -
Information Spillovers, Gains from Trade, and Interventions in Frozen Markets
2016We study government interventions in markets suffering from adverse selection. Importantly, asymmetric information prevents both the realization of gains from trade and the production of information that is valuable to ... -
Information, market incentives, and student performance: Evidence from a regression discontinuity design in Brazil
2018We use a discontinuity on the test score disclosure rule for the National Secondary Education Examination in Brazil to test whether test score disclosure affects student performance in public and private schools. We find ... -
Interracial friendships in college
2010-10We use unique longitudinal data to provide direct evidence about interracial friendships at different stages of college and to provide new evidence about some of the reasons for the observed patterns of interaction. We ... -
Learning in society
2014In an individual experimentation problem a decision maker learns only from his own experience. It is well known that an optimal experimentation strategy for such problems sometimes results in the best alternative being ... -
Learning-by-employing: the value of commitment under uncertainty
2016-07We analyze commitment to employment in an environment in which an infinitely lived firm faces a sequence of finitely lived workers who differ in their ability. A worker's ability is initially unknown, and a worker's effort ... -
Limited monitoring and the essentiality of money
2015-05Monetary theory emphasizes that imperfect monitoring is necessary for money to be essential, that is, for money to achieve socially desirable allocations. Little is known about how limited monitoring must be if money is ... -
Trading dynamics in decentralized markets with adverse selection
2014-09We study a dynamic, decentralized lemons market with one-time entry and characterize its set of equilibria. Our framework offers a theory of how 'frozen' markets suffering from adverse selection recover or 'thaw' over time ...
