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Optimal Audit Policy and Heterogenous Agents

Ratto, Marisa; Vergé, Thibaud - EconWPA - 2003

Frauds can be explained not only in terms of individual willingness to cheat, but may also be driven by opportunities to behave dishonestly. The audit policy should therefore be different for different categories of agents. This paper focuses on the optimal audit policy when there are two...

Persistent link: https://www.econbiz.de/10005412503

Booms, Busts, and Fraud

Povel, Paul; Singh, Rajdeep; Winton, Andrew - EconWPA - 2003

We examine firm managers' incentives to commit fraud in a model where firms seek funding from investors and investors … can monitor firms at a cost in order to get more precise information about firm prospects. We show that fraud incentives … funded without committing fraud, whereas in bad times investors are more vigilant and it is harder to commit fraud …

Persistent link: https://www.econbiz.de/10005134707

Snir, Avichai; Levy, Daniel - EconWPA - 2005

Economic organization of the imaginary worlds depicted in popular literary works may be viewed as a mirror to public opinion on the economic organization of life. If a book becomes a best-seller, it is because the book conveys messages, feelings, and events the readers can relate to. In other...

Persistent link: https://www.econbiz.de/10005407781

Third-party punishment and social norms

Fehr, Ernst; Fischbacher, Urs - EconWPA - 2004

We examine the characteristics and relative strength of third-party sanctions in a series of experiments. We hypothesize that egalitarian distribution norms and cooperation norms apply in our experiments, and that third parties, whose economic payoff is unaffected by the norm violation, may be...

Persistent link: https://www.econbiz.de/10005125599

Are there Regional Variations in the Psychological Cost of Unemployment in South Africa?

Powdthavee, Nattavudh - EconWPA - 2003

Are certain groups of unemployed individuals hurt less by unemployment than others? This paper is an attempt to test the hypothesis that non- pecuniary costs of unemployment may vary between societies with different unemployment rates. Using cross-sectional data from the SALDRU93 survey, we show...

Persistent link: https://www.econbiz.de/10005125760

CONSUMER SEARCH: NOT ENOUGH OR TOO MUCH?

Zwick, Rami; Rapoport, Amnon; Lo, Alison King Chung; … - EconWPA - 2001

We study search behavior in a generalized "secretary problem" environment in which consumers search sequentially for the best alternative from a known and finite set of multi-attribute alternatives. In contrast to most previous studies, we make no distributional assumptions about the quality of...

Persistent link: https://www.econbiz.de/10005408222

The Effect of Shill Bidding upon Prices: Experimental Evidence

Kosmopoulou, Georgia; Silva, Dakshina G. De - EconWPA - 2005

This paper explores, through a series of experiments, the effect of shill bidding upon revenues and prices in auctions. We study the practice of shill bidding in a common value framework. Our findings are consistent with the theoretical prediction that, if bidders are aware of the possibility of...

Persistent link: https://www.econbiz.de/10005408226

Tacit Coordination in a Decentralized Market Entry Game with Fixed Capacity

Zwick, Rami; Rapoport, Amnon - EconWPA - 1999

Tacit coordination is studied experimentally in a class of iterated market entry games with a relatively small number of potential entrants (n = 6), symmetric players, and fixed entry fees. These games are intended to simulate a situation where a newly emergent market opportunity may be...

Persistent link: https://www.econbiz.de/10005408234

Simulations, theory, and experiments. Notes from an Historical Perspective

Novarese, Marco - EconWPA - 2004

This paper aims at presenting the methodological approach to simulations, proposed at the beginning of the sixties by a group of scholars of the Carnegie Mellon University. This approach can be defined cognitive and behavioural, because of the attention to real perception and decision-making and...

Persistent link: https://www.econbiz.de/10005412552

When punishment fails: Research on sanctions, intentions and non- cooperation

Houser, Daniel; Xiao, Erte; McCabe, Kevin; Smith, Vernon - EconWPA - 2005

People can become less cooperative when threatened with sanctions, and researchers have pointed to both 'intentions' and incentives as sources of this effect. This paper reports data from a novel experimental design aimed at determining the relative importance of intentions and incentives in...

Persistent link: https://www.econbiz.de/10005062715