COLLECTIVE REPUTATION AND THE DYNAMICS OF STATISTICAL DISCRIMINATION

Economists have developed theoretical models identifying self-fulfilling expectations as an important source of statistical discrimination practices. The static models dominating the literature, however, may leave the false impression that a bad equilibrium is as fragile as a "bubble" and...

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Veröffentlicht in:International economic review (Philadelphia) 2018-02, Vol.59 (1), p.3-18
Hauptverfasser: Kim, Young-Chul, Loury, Glenn C.
Format: Artikel
Sprache:eng
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