This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show … low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision … behaviour ; decision-making experiments …

-skilled labor, this form of globalization can induce labor market effects similar to those caused by skill-biased technical change … new firms enter the market. -- International Trade ; Organization of Production ; Technology Choice ; Division of Labor …

economic theory suggests to solve the decision problem. But since real decision makers can hardly be expected to behave …In this paper I consider a complex decision problem where subjects have to cope with a time horizon of uncertain …

structure by monopolistically competitive firms. An expansion of the integrated trading area can induce globalization not only … entry can either reverse or intensify this result. -- International Trade ; Organization of Production ; Technology Choice …