Showing 1 - 10 of 11
The paper analyzes econometric models of altruistic giving in dictator and public goods games. Using existing data sets, I evaluate internal and external validity of "atheoretic" regression models as well as structural models of random behavior, random coefficients, and random utility,...
Persistent link: https://www.econbiz.de/10008611580
This paper analyzes a T-stage model of oligopoly where firms build up capacity and conclude forward sales in stages tT, and they choose production quantities in t=T. We consider the case of n firms with asymmetric marginal costs. In the two-stage game, the set of outcomes is a...
Persistent link: https://www.econbiz.de/10008615028
We show and explain how generosity beyond that explainable by social preferences can manifest in bargaining. We analyze an ultimata game with two parties vying to coalesce with a randomly chosen proposer. They simultaneously demand shares of the surplus. The proposer must then make an offer that...
Persistent link: https://www.econbiz.de/10009323443
In the proto-coalition model of government formation, formateur F appoints a proto-coalition and asks its members whether to start negotiating a coalition contract. If all accept, then the proto-coalition forms and starts negotiating; otherwise a caretaker government assumes office. I extend...
Persistent link: https://www.econbiz.de/10008642697
horizon; 2) a one round proposer game with disagreement payoffs equal to the infinite horizon continuation payoffs; and, (3) a …
Persistent link: https://www.econbiz.de/10008765071
People overestimate the probability that others share their values or preferences. I introduce type projection equilibrium (TPE) to capture such projection in Bayesian games. TPE allows each player to believe his opponents share his type with intermediate probability \rho. After establishing...
Persistent link: https://www.econbiz.de/10011167228
If Cournot oligopolists may sell their output prior to its production (forward trading), competition intensifies. Potentially, it may intensify so far as to imply convergence to the Bertrand equilibrium, as shown by Allaz and Vila (1993) for the case of linear demand and costs. The present paper...
Persistent link: https://www.econbiz.de/10011110473
effects that are conditional on whether or not payoffs meet reference points. We verify the theory first by experimentally …
Persistent link: https://www.econbiz.de/10011110657
A recent advance in our understanding of repeated PDs is the detection of a threshold d* at which laboratory subjects start to cooperate predictively. This threshold is substantially above the classic threshold "existence of Grim equilibrium" and has been characterized axiomatically by Blonski,...
Persistent link: https://www.econbiz.de/10011110806
In a menu auction, players submit bids for all choices the auctioneer A can make, and A then makes the choice that maximizes the sum of bids. In a binomial menu auction (BMA), players submit acceptance sets (indicating which choices they would support), and A chooses the option that maximizes...
Persistent link: https://www.econbiz.de/10008836766