Showing 1 - 10 of 92
Using a natural voting experiment in Switzerland that encompasses a 160-year period (1848–2009), we investigate whether …
Persistent link: https://www.econbiz.de/10010904923
We study learning and influence in a setting where agents communicate according to an arbitrary social network and … naïvely update their beliefs by repeatedly taking weighted averages of their neighbors’ opinions. A focus is on conditions … under which beliefs of all agents in large societies converge to the truth, despite their naïve updating. We show that this …
Persistent link: https://www.econbiz.de/10005423267
broadcast or sent via shortest paths; only connection density matters. In contrast, homophily substantially slows learning based …
Persistent link: https://www.econbiz.de/10005008021
simultaneously. We propose a decentralized, completely uncoupled learning process in such environments that leads to stable and … mutually profitable. Matched agents occasionally experiment with higher bids if on the buy-side (or lower bids if on the sell … sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10010665513
the game is accomplished using such concepts as p-beliefs and p-dominant strategy (Monderer and Samet, 1989, and Morris …
Persistent link: https://www.econbiz.de/10005385474
This paper analyzes the constitutional determinants of cost reimbursement rules. In order to design the optimal incentive schemes, a possibly partisan planner will take into account the market cost structure, the institutional design of the supervision hierarchical structure and its technology....
Persistent link: https://www.econbiz.de/10005385490
An incumbent government maximizes its chances of being reelected. Its objective function encompasses both social welfare and political contributions. Its only instrument is a pollution tax. In an open-economy context, we introduce an eco-industry in addition to lobbies of polluting firms and...
Persistent link: https://www.econbiz.de/10005392538
This paper proposes different methods to aggregate heterogeneous policies for renewable energy. We compare time-varying indicators built using principal component analysis with average-based indicators. The main goal of the paper is to account for the evolution of both types of policy indicators...
Persistent link: https://www.econbiz.de/10010561653
results of a choice experiment carried out on a representative sample of the Emilia-Romagna population. Choice modelling …
Persistent link: https://www.econbiz.de/10005385377
R&D investments and deployment of infant technologies with large learning potential. The innovation benefits which this …
Persistent link: https://www.econbiz.de/10010607434