Now showing items 1-4 of 4

    • The essentiality of money in environments with centralized trade 

      Araújo, Luís; Camargo, Bráz Ministério de; Minetti, Raoul; Puzzello, Daniela
      2012
      Lagos 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 

      Camargo, Bráz Ministério de; Kim, Kyungmin; Lester, Benjamin
      2016
      We 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 

      Camargo, Bráz Ministério de; Camelo, Rafael de Sousa; Firpo, Sergio Pinheiro; Ponczek, Vladimir Pinheiro
      2018
      We 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 ...
    • Learning in society 

      Camargo, Bráz Ministério de
      2014
      In 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 ...