WorldCat Identities

Rustichini, Aldo

Overview
Works: 225 works in 425 publications in 4 languages and 969 library holdings
Roles: Author, Contributor, Other, Honoree
Classifications: HB1, 330
Publication Timeline
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Most widely held works by Aldo Rustichini
Better late than early : vertical differentiation in the adoption of a new technology by Prajit K Dutta( )

15 editions published in 1993 in English and Spanish and held by 119 WorldCat member libraries worldwide

After the initial breakthrough in the research phase of R&D a new product undergoes a process of change, improvement and adaptation to market conditions. We model the strategic behavior of firms in this development phase of R&D. We emphasize that a key dimension to this competition is the innovations that lead to product differentiation and quality improvement. In a duopoly model with a single adoption choice, we derive endogeneously the level and diversity of product innovations. We demonstrate the existence of equilibria in which one firm enters early with a low quality product while the other continues to develop the technology and eventually markets a high quality good. In such an equilibrium, no monopoly rent is dissipated and the later innovator makes more profits. Incumbent firms may well be the early innovators, contrary to the predictions of the hypothesis
More equal but less mobile? : education financing and intergenerational mobility in Italy and in the US by Aldo Rustichini( Book )

30 editions published between 1996 and 1998 in 3 languages and held by 115 WorldCat member libraries worldwide

Pareto efficiency and identity by Christopher Phelan( )

6 editions published in 2015 in English and held by 80 WorldCat member libraries worldwide

Inherent in the definition of Pareto efficiency is the idea that, in dynamic environments, an individual is indexed by the history of events up to his birth (rather than, as usual, the date of birth). Here, we explore the implications of this natural formulation. The set of Pareto efficient allocations that is consistent with this view is potentially larger than those considered so far in the literature. We show that the set of allocations is strictly larger because we do not require individuals to have insurance motives of the Harsanyi-Rawls type regarding risks on their own type realization. We do, however, maintain the insurance motives of parents toward their children. Even in our more general framework, efficiency criteria impose substantial restrictions on the set of allocations. Interestingly, the restrictions are of a new nature. Our different, more natural view has some important policy implications. The first is that some policy criteria (for example, the progressive nature of taxes) cannot be defended on efficiency grounds, once the Harsanyi-Rawlsian insurance criterion is rejected as being normatively unsound. Second, we show that the condition of imposing no taxes of any kind, coupled with each agent owning his own production, results in a Pareto efficient allocation
Your morals are your moods by Georg Kirchsteiger( )

4 editions published between 2000 and 2001 in English and held by 28 WorldCat member libraries worldwide

More equal but less mobile? by Andrea Ichino( Book )

4 editions published in 1996 in English and held by 17 WorldCat member libraries worldwide

Commodity pair desirability and the core equivalence theorem by Aldo Rustichini( )

3 editions published in 1991 in English and held by 17 WorldCat member libraries worldwide

Equilibrium price stickiness -- revised by Aldo Rustichini( )

3 editions published in 1992 in English and held by 17 WorldCat member libraries worldwide

Equilibrium price stickiness by Aldo Rustichini( )

3 editions published in 1991 in English and held by 17 WorldCat member libraries worldwide

Seasonality in Eurodollar interest rates by Aldo Rustichini( Book )

4 editions published in 1981 in English and Undetermined and held by 17 WorldCat member libraries worldwide

Pensare la sinistra : tra equità e libertà by Pietro Reichlin( Book )

4 editions published in 2012 in Italian and held by 16 WorldCat member libraries worldwide

Overconfidence is a social signaling bias( )

2 editions published in 2010 in German and English and held by 16 WorldCat member libraries worldwide

Evidence from psychology and economics indicates that many individuals overestimate their ability, both absolutely and relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple statistical comparisons (for example, whether the fraction of individuals rating own skill above the median value is larger than half) are compatible (Benoît and Dubra, 2007) with a Bayesian model of updating from a common prior and truthful statements. We show that such model imposes testable restrictions on relative ability judgments, and we test the restrictions. Data on 1,016 individuals' relative ability judgments about two cognitive tests rejects the Bayesian model. The second theory suggests that self-image concerns asymmetrically affect the choice to get new information about one's abilities, and this asymmetry produces overconfidence (Kőszegi, 2006; Weinberg, 2006). We test an important specific prediction of these models: individuals with a higher belief will be less likely to search for further information about their skill, because this information might make this belief worse. Our data also reject this prediction. The third theory is that overconfidence is induced by the desire to send positive signals to others about one's own skill; this suggests a either a bias in judgment, strategic lying, or both. We provide evidence that personality traits strongly affect relative ability judgments in a pattern that is consistent with this third theory. Our results together suggest that overconfidence in statements is most likely to be induced by social concerns than by either of the other two factors. -- Overconfidence ; Bayesian updating ; self-image ; social signaling ; field experiment ; IQ ; numeracy ; personality ; MPQ
Edgeworth's conjecture in economies with a continuum of agents and commodities by Aldo Rustichini( )

3 editions published in 1990 in English and held by 16 WorldCat member libraries worldwide

Which measures of time preference best predict outcomes? : evidence from a large-scale field experiment( )

2 editions published in 2011 in German and English and held by 16 WorldCat member libraries worldwide

Economists and psychologists have devised numerous instruments to measure time preferences and have generated a rich literature examining the extent to which time preferences predict important outcomes; however, we still do not know which measures work best. With the help of a large sample of non-student participants (truck driver trainees) and administrative data on outcomes, we gather four different time preference measures and test the extent to which they predict both on their own and when they are all forced to compete head-to-head. Our results suggest that the now familiar ([beta], [delta]) formulation of present bias and exponential discounting predicts best, especially when both parameters are used. -- time preference ; impatience ; discounting ; present bias ; field experiment ; trucker
What is perfect competition? by Aldo Rustichini( )

3 editions published in 1990 in English and held by 15 WorldCat member libraries worldwide

Self-confidence and strategic behavior by Gary Charness( )

5 editions published between 2013 and 2017 in English and held by 14 WorldCat member libraries worldwide

What drives women out of entrepreneurship? : the joint role of testosterone and culture by Luigi Guiso( Book )

8 editions published in 2011 in English and held by 13 WorldCat member libraries worldwide

The ratio of second to fourth digit (2D4D) has been shown to correlate negatively with entrepreneurial skills and financial success. We document that in a sample of entrepreneurs women have a lower 2D4D ratio than men, in sharp contrast with the features of the distribution in random samples. Exploiting variation across communities in indices correlated with women emancipation, we show that in regions where women are less emancipated their average DR is lower than that of men compared to regions with higher indices. This finding is consistent with the existence of gender related obstacles into entrepreneurship so that only women with well above average entrepreneurial skills find it attractive to self-select into entrepreneurship. This finding can rationalize three facts: a) fewer women than men are entrepreneurs; b) the proportion of women among entrepreneurs tends to be higher in countries with higher women emancipation; c) women who break the barrier into entrepreneurship seem to show more masculine traits. We also find that once women enter entrepreneurship, they are equally able than man to translate their ability into outcomes for the firm
Temptation-driven preferences by Eddie Dekel( Book )

2 editions published in 2006 in English and held by 13 WorldCat member libraries worldwide

Diverging patterns in a two country model with endogenous labour migration by Pietro Reichlin( Book )

5 editions published in 1993 in English and held by 12 WorldCat member libraries worldwide

Understanding the size and profitability of firms : the role of a biological factor by Luigi Guiso( Book )

8 editions published in 2011 in English and held by 12 WorldCat member libraries worldwide

We collect information on prenatal testosterone in a large sample of entrepreneurs by measuring the length of their 2th to 4th fingers in face to face interviews. Entrepreneurs with higher exposure to prenatal testosterone (lower second to fourth digit ratio) manage larger firms, are matched with larger firms when acquire control and experience faster average growth over the years they manage the firm. We also find that prenatal testosterone is correlated with elicited measures of entrepreneurial skills such as ability to stand work, and the latter are correlated with firm size. This evidence suggests entrepreneurial skills have a biological component and is consistent with models of the size distribution of firms based on entrepreneurial ability. However, firms run by high-testosterone entrepreneurs have lower profitability as measured by return on assets. We offer evidence that this is because the same biological factor that enhances entrepreneurial skills also induces empire building preferences, which leads high-testosterone entrepreneurs to target a firm size that exceeds the profit maximizing value
Learning about variable demand in the long run by Aldo Rustichini( Book )

6 editions published between 1992 and 1993 in English and held by 10 WorldCat member libraries worldwide

 
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Audience level: 0.75 (from 0.61 for Pareto eff ... to 0.94 for Better lat ...)

Alternative Names
Aldo Rustichini economista (Università del Minnesota)

Aldo Rustichini économiste

Aldo Rustichini econoom

Aldo Rustichini Wirtschaftswissenschaftler (University of Minnesota)

Rustichini, A.

Рустичини, Альдо

Languages
English (109)

Italian (6)

Spanish (2)

German (2)