Showing 1 - 10 of 191
This study investigates the performance of Gale-Shapley matching in an evolutionary market context. Computational experimental findings are reported for an evolutionary match-and-play trade network game in which resource-constrained traders repeatedly choose and refuse trade partners in...
Persistent link: https://www.econbiz.de/10005407577
or effort despite short-run incentives to the contrary. This incentive remains in place with private monitoring, provided … provision, and may explain such behavior in environments where the incentives are not overt. Agents who possess information may …
Persistent link: https://www.econbiz.de/10005118597
Do firms use autonomy to motivate workers, or do they give autonomous jobs to workers who are already especially motivated? A standard result in economics is that firms offer autonomous jobs to promote worker motivation. But surprisingly, little attention has been given to the details of this...
Persistent link: https://www.econbiz.de/10005407531
Persistent link: https://www.econbiz.de/10005550897
This paper aims at analysing the effects of learning on the individual behaviour in an experiment that requires cooperation and coordination within teams. Using artificial agents, different social contests are created, as training environments. The results confirm previous findings (on the...
Persistent link: https://www.econbiz.de/10005407620
Jump bidding is a commonly observed phenomenon that involves bidders in ascending auctions submitting bids higher than required by the auctioneer. Such behavior is typically explained as due to irrationality or to bidders signaling their value. We present field data that suggests such...
Persistent link: https://www.econbiz.de/10005062369
Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? The adoption by Tunisia of structural reforms of its economy in a context of gradual opening since 1986, had allowed the instauration in January 1993 of the convertibility of its current...
Persistent link: https://www.econbiz.de/10005407508
In a Bayesian game players play an unknown game. Before the game starts some players may receive a signal regarding the specific game actually played. Typically, information structures that determine different signals, induce different equilibrium payoffs.In zero-sum games the equilibrium payoff...
Persistent link: https://www.econbiz.de/10005407510
This paper characterizes interim efficient mechanisms for public good production and cost allocation in a two-type environment with risk neutral, quasi-linear preferences and fixed size projects, where the distribution of the private good, as well as the public goods decision, affects social...
Persistent link: https://www.econbiz.de/10005407511
This paper examines the question of the extent to which it is true that any equilibrium that is quasi-perfect in any extensive form game having a given normal form is necessarily proper. If one fixes not only the equilibrium in question but also a a sequence of completely mixed strategies...
Persistent link: https://www.econbiz.de/10005407514