Now showing items 1-5 of 83

    • Indecisiveness, undesirability and overload revealed through rational choice deferral 

      Gerasimou, Georgios (2018-09) - Journal article
      Three reasons why decision makers may defer choice are indecisiveness between various feasible options, unattractiveness of these options, and choice overload. This paper provides a choice-theoretic explanation for each ...
    • A financial accelerator through coordination failure 

      de Groot, Oliver (University of St Andrews, 2019-01-31) - Working or discussion paper
      This paper studies the effect of liquidity crises in short-term debt markets in a dynamic general equilibrium framework. Creditors (retail banks) receive imperfect signals regarding the profitability of borrowers (wholesale ...
    • Social groups and credit shocks : evidence of inequalities in consumption smoothing 

      Saxena, Vibhor; Bindal, Ishaan; LeMay-Boucher, Philippe (University of St Andrews, 2019-01-31) - Working or discussion paper
      A strand of research holds the view that restricting access to credit to regulate over-borrowing can worsen consumers’ financial condition. Another strand of research holds the view that access to credit in the developing ...
    • Information disclosure and asymmetric speed of learning in booms and busts 

      Palazzo, Francesco; Zhang, Min (2017-09) - Journal article
      We consider a model in which agents gradually learn about the aggregate market conditions — ‘boom’ or ‘bust’ — from the information disclosed after a trading round. The disclosure rules can generate asymmetric learning and ...
    • Education, income and happiness : panel evidence for the UK 

      FitzRoy, Felix R.; Nolan, Michael A. (2018-11-14) - Journal article
      Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over nearly two decades, for samples split by education, and age, to our knowledge for the first time. The ...