Helsinki GSE Discussion Papers

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Helsinki GSE Discussion Papers

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  • Skill-Related Differences in Reference-Dependent Stopping

    Marco Lambrecht

    This paper examines reference-dependent stopping in repeated risky decisionmaking and its relation to skill dependence and individual ability. Using field data from online heads-up poker tournaments, …

    Discussion paper

  • Affiliated Common Value Auctions with Costly Entry

    Pauli Murto and Juuso Välimäki

    Many auctions and procurement contests entail nontrivial bidding costs, which makes the bidders’ participation decisions endogenous to the auction design. We analyze the effect of different auction …

    Discussion paper

  • Parental Education and Invention: The Finnish Enigma

    Philippe Aghion, Ufuk Akcigit, Ari Hyytinen, and Otto Toivanen

    Why is invention strongly positively correlated with parental income not only in the US but also in Finland which displays low income inequality and high social mobility? Using data on 1.45M Finnish …

    Discussion paper