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are imperfectly informed. Homogeneous landlords set rents to maximise revenue, using information on the market to estimate … search accepting residences based on their idiosyncratic tastes for housing and a disagreement point derived from information … on the distribution of offers. The steady state to which the simulation evolves shows price dispersion, nonzero search …
Persistent link: https://www.econbiz.de/10008792369
democracies, governments need to convince their populations through efficient and persuasive information campaigns. In the context …, with 175 participants, to explore what type of information can induce change in vaccination intentions at both aggregate …, and that it is information of a purely scientific nature that has the only significant positive effect on intention to …
Persistent link: https://www.econbiz.de/10010930176
We study the impact of information manipulation by a principal on the agent's effort. In a context of asymmetric … information at the principal's advantage, we test experimentally the principal's willingness to bias (overestimate or under …-estimate) the information she gives to her agent on his ability in order to motivate him to exert more effort. We find that i …
Persistent link: https://www.econbiz.de/10008790485
This paper uses experimental data to examine the existence of a teaching strategy among bounded rational players. If players realize that their own actions modify their opponent's beliefs and actions, they might play certain actions to this specific end ; and forego immediate payoffs if the...
Persistent link: https://www.econbiz.de/10010750958
Building upon recent work of Gintis, we study evolutionary dynamics in an economy with Leontieff preferences and corner endowments for which the equilibrium is completely indeterminate. We exhibit a class of dynamics which selects, via stochastic stability, the equilibrium minimizing the...
Persistent link: https://www.econbiz.de/10010738585
We present a mathematical model for the analysis of the bargaining games based on private prices used by Gintis to simulate the dynamics of prices in exchange economies, see [Gintis 2007]. We then characterize, in the Scarf economy, a class of dynamics for which the Walrasian equilibrium is the...
Persistent link: https://www.econbiz.de/10010635133
In two recent contributions, Herbert Gintis introduces agent-based imitation models built upon evolutionary bargaining … games where agents use private prices as strategies. He reports surprising convergence results for simulations performed in …
Persistent link: https://www.econbiz.de/10010635151
L'objet de cette étude, commanditée par la COURLY, est d'une part de fournir aux collectivités locales des éléments d'évaluation des risques financiers encourus dans la mise en œuvre de leur politique de déplacements, d'autre part de proposer des mesures concrètes susceptibles de...
Persistent link: https://www.econbiz.de/10010899455
This article provides a very detailed analysis of the trade-related aspects of Economic Partnership Agreement (EPA) negotiations. We use a partial equilibrium model - focusing on the demand side - at the HS6 level (covering 5,113 HS6 products). Two lists of sensitive products are constructed,...
Persistent link: https://www.econbiz.de/10010899722
disadvantages of the prevailing algorithm that strongly relies on simulation techniques and is easier to implement than existing … possible to avoid Monte Carlo integration. The paper also develops a new simulation procedure that not only avoids cross … finite number of agents. This procedure can help to improve the efficiency of the most popular algorithm in which simulation …
Persistent link: https://www.econbiz.de/10010929089