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1“...The case against patents can be summarized briefly: there is no empirical evidence that they serve to increase innovation and productivity, unless productivity...”
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2“...We propose that a simple "dual-self" model gives a unified explanation for several empirical regularities, including the apparent time inconsistency that has...”
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3“...Game theory has been a huge success in economics. Many important questions have been answered, and game theoretic methods are now central to much economic...”
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4“...The standard dual-self model of self-control, with a shorter-run self who cares only about the current period, is excessively sensitive to the timing of...”
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5by LEVINE, DAVID K PALFREY, THOMAS R Published in The American political science review (01.02.2007)“...It is widely believed that rational choice theory is grossly inconsistent with empirical observations about voter turnout. We report the results of an...”
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6“...We study repeated games with frequent actions and frequent imperfect public signals, where the signals are aggregates of many discrete events, such as sales or...”
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7“...We characterize transitions between stochastically stable states and relative ergodic probabilities in the theory of the evolution of conventions. We give an...”
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8Against Intellectual Monopoly“...'Intellectual property' - patents and copyrights - have become controversial. We witness teenagers being sued for 'pirating' music - and we observe AIDS...”
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10“...We argue that some, but not all, superstitions can persist when learning is rational and players are patient, and illustrate our argument with an example...”
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11by Michele Boldrin David K. Levine Published in International economic review (Philadelphia) (01.08.2009)“...Intellectual property (IP) protection involves a trade-off between the undesirability of monopoly and the desirable encouragement of creation and innovation...”
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12by Levine, David K“...It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic...”
01.01.2012
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13by David K. Levine Federico Weinschelbaum Felipe Zurita Published in International economic review (Philadelphia) (01.05.2010)“...When a firm is forced to pay abnormally high wages, hiring transfers rents. This effectively endows the employer with the ability to grant favors, and he may...”
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14“...This paper compares two different models in a common environment. The first model has liquidity constraints in that consumers save a single asset that they...”
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15by Michele Boldrin David K. Levine Published in International economic review (Philadelphia) (01.05.2004)“...In the modern theory of growth, monopoly plays a crucial role both as a cause and an effect of innovation. Innovative firms, it is argued, would have...”
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16by Levine, David K Mattozzi, Andrea Modica, Salvatore Published in International economic review (Philadelphia) (01.02.2021)“...The relevance of special interests lobbying in modern democracies can hardly be questioned. But if large trade associations can overcome the free riding...”
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17by Levine, David K Modica, Salvatore Published in Journal of economic behavior & organization (01.03.2016)“...•We study how a group can sustain non-Nash actions through peer discipline.•Punishment is recursive: failure to punish may be punished.•Optimal plans are...”
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18by Levine, David K Modica, Salvatore Published in European Journal of Political Economy (01.09.2017)“...How can a small special interest group successfully get an inefficient transfer at the expense of a much larger group with many more resources available for...”
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19“...This paper argues that incompleteness of intertemporal financial markets has little effect (on welfare, prices, or consumption) in an economy with a single...”
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20by Drew Fudenberg David K. Levine Published in Proceedings of the National Academy of Sciences - PNAS (22.07.2014)“...We examine the long-term implication of two models of learning with recency bias: recursive weights and limited memory. We show that both models generate...”