School of Economics: Recent submissions
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A Swarm of Innovators: Information, Leadership and Innovation
Published 2011-11-01We study the interplay between innovation, communication in an organization and leadership. Although a firm requires both strong leadership and sufficient communication in order to innovate, we posit that frequent communication ...Open AccessWorking Paper -
Treasure game
Published 2011-10-01A prize is located at an unknown point on an island. In each period, each of n players searches a subset of the as yet unsearched portion of the island. If one player alone finds the prize he wins it and the game ends. ...Open AccessWorking Paper -
Ownership, access and sequential investment
Published 2011-10-01We extend the property-rights framework to allow for: a separation of the ownership rights of access and veto; and sequential investment. Parties investing first (ex ante) do so before contracting is possible. Parties that ...Open AccessWorking Paper -
Two heads are less bubbly than one: Team decision-making in an experimental asset market
Published 2011-09-01In the world of mutual funds management, responsibility for investment decisions is increasingly entrusted to small teams instead of individuals. Yet the effect of team decision-making in a market environment has never ...Open AccessWorking Paper -
Likelihood-Based Confidence Sets for the Timing of Structural Breaks
Published 2011-08-01We propose the use of likelihood-based confidence sets for the timing of structural breaks in parameters from time series regression models. The confidence sets are valid for the broad setting of a system of multivariate ...Open AccessWorking Paper