Tax evasion may cause social welfare losses due to the incentives of taxpayers to invest in the concealment and of tax authorities to invest in the detection of tax evasion. Reducing the investment of both parties at the same time would then lead to a Pareto improvement. Given that concealment...

A player׳s knowledge of her own actions and the corresponding payoffs may enable her to infer or form beliefs about what the payoffs would have been if she had played differently. For quantitative learning models employed in studies of low information environments, players׳ ex-post inferences...

Abstract This article deals with the stability and growth pact approved of by the EU’s heads of state or government in Amsterdam in June 1997. The pact’s aim is to provide budgetary discipline in Stage 3 of the European Monetary Union in order to ensure a stable common currency and the...

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of...

Werner Güth's ultimatum game played a key role in the development of multiple research areas, several of which are highlighted.