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Block-Recursive Equilibria in Heterogenous-Agent Models

Kaas, Leo - 2021

Equilibrium models with heterogeneous agents and aggregate uncertainty are difficult to analyze since policy functions and market prices depend on the cross-sectional distribution over agents’ state variables which is generally a high-dimensional object. This paper develops and applies a...

Persistent link: https://www.econbiz.de/10013314853

Provision of a public good with altruistic overlapping generations and many tribes

Karp, Larry S. - 2012

Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public …

Persistent link: https://www.econbiz.de/10010283613

Differential Games of Public Investment : Markovian Best Responses in the General Case

Jaakkola, Niko; Wagener, Florian Oskar Ottokar - 2023

We define a differential game of public investment with a discontinuous Markovian strategy space. The best response correspondence for the game is well-behaved: a best response exists and uniquely maps almost all profiles of opponents’ strategies back to the strategy space. Our chosen strategy...

Persistent link: https://www.econbiz.de/10014345885

Lying and Reciprocity

Dato, Simon - 2019

important in many interactions, we study a theoretical model on reciprocity where a player's altruism depends on her perception … of the other player’s altruism towards herself. We analyze a sequential two-player contest and vary the second mover …

Persistent link: https://www.econbiz.de/10012892217

Morality, Altruism, and Occupation Choice : Theory and Evidence

Dhami, Sanjit S.; Wei, Mengxing; Mamidi, Pavan - 2022

and effort choices, in these three jobs, to preferences for altruism and morality that are structurally estimated. The … predictions are tested in pre-registered experiments. We also estimate proxies for altruism/morality from the dictator … corrupt public sector job. The effects of altruism on occupational choice are subtle, but altruism positively influences the …

Persistent link: https://www.econbiz.de/10014264441

Religious Identity, Trust, Reciprocity, and Prosociality : Theory and Evidence

Dhami, Sanjit S.; Wei, Mengxing; Mamidi, Pavan - 2022

We use the trust and the dictator games to explore the effects of religious identity on trust, trustworthiness, prosociality, and conditional reciprocity within a beliefs-based model. We provide a novel and rigorous theoretical model to derive the relevant predictions, which are then tested in...

Persistent link: https://www.econbiz.de/10014264453

How Altruistic is Indirect Reciprocity? - Evidence from Gift-Exchange Games in the Lab

Becker, Johannes - 2020

's behavior as a signal of how the latter would treat her if they met? In order to measure the relative importance of the altruism … than an act of altruism …

Persistent link: https://www.econbiz.de/10012828118

The Invariant Distribution of Wealth and Employment Status in a Small Open Economy with Precautionary Savings

Bayer, Christian; Rendall, Alan D.; Wälde, Klaus - 2018

We study optimal savings in continuous time with exogenous transitions between employment and unemployment as the only source of uncertainty in a small open economy. We prove the existence of an optimal consumption path. We exploit that the dynamics of consumption and wealth between jumps can be...

Persistent link: https://www.econbiz.de/10011957213

The Invariant Distribution of Wealth and Employment Status in a Small Open Economy with Precautionary Savings

Bayer, Christian - 2019

Persistent link: https://www.econbiz.de/10012892186

Reciprocity in dynamic employment relationships

Fahn, Matthias - 2019

This paper explores how a relational contract establishes a norm of reciprocity and how such a norm shapes the provision of informal incentives. Developing a model of a long-term employment relationship, I show that generous upfront wages that activate the norm of reciprocity are more important...

Persistent link: https://www.econbiz.de/10012018325