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Negotiating Cooperation Under Uncertainty : Communication in Noisy, Indefinitely Repeated Interactions

Dvorak, Fabian - 2018

Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in …

Persistent link: https://www.econbiz.de/10012908872

Lester, Benjamin - 2013

In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...

Persistent link: https://www.econbiz.de/10013087422

Raising Juveniles

Bell, Clive - 2010

This paper investigates how families make decisions about the education of juveniles. The decision problem is analyzed in three variations: a 'decentralized' scheme, in which the parents control the purse-strings, but the children dispose of their time as they see fit; a 'hierarchical' scheme,...

Persistent link: https://www.econbiz.de/10013141231

Moral Hypocrisy, Power and Social Preferences

Rustichini, Aldo - 2012

We show with a laboratory experiment that individuals adjust their moral principles to the situation and to their actions, just as much as they adjust their actions to their principles. We first elicit the individuals' principles regarding the fairness and unfairness of allocations in three...

Persistent link: https://www.econbiz.de/10013104971

Information, Uncertainty, and Subjective Entitlements in Bargaining

Karagözoğlu, Emin - 2010

More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...

Persistent link: https://www.econbiz.de/10013139946

Equilibrium Unemployment and Retirement

Hairault, Jean-Olivier - 2012

As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement decisions at the individual level: unemployed people are more likely to retire. Our main objective in this paper is then to propose an equilibrium unemployment approach to...

Persistent link: https://www.econbiz.de/10013106958

Population Growth and Multiple Equilibria : Inferences from a Modified Ramsey Model

Lehmijoki, Ulla - 2011

The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise,...

Persistent link: https://www.econbiz.de/10013130458

Intra Firm Bargaining and Shapley Values

Bruegemann, Bjoern - 2015

The paper revisits the problem of wage bargaining between a firm and multiple workers. We show that the Subgame Perfect Equilibrium of the extensive-form game proposed by Stole and Zwiebel (1996a) does not imply a profile of wages and profits that coincides with the Shapley values as claimed in...

Persistent link: https://www.econbiz.de/10013016202

Cities, Towns, and Poverty : Migration Equilibrium and Income Distribution in a Todaro-Type Model with Multiple Destinations

Christiaensen, Luc J. - 2017

Should public investment be targeted to big cities or to small towns, if the objective is to minimize national poverty? To answer this policy question we extend the basic Todaro-type model of rural-urban migration to the case of migration from rural areas to two potential destinations, secondary...

Persistent link: https://www.econbiz.de/10012958052

What's the Risk from Competing? Competition Aversion and the Gender Wage Gap

Choe, Chung; Jung, Seeun; Oaxaca, Ronald L. - 2022

differences in risk aversion play no significant role in competitive (tournament) vs. piece-rate job choices and consequent gender … wage gaps. Subjects in the treatment experiments are sorted into relatively more and relatively less risk averse groupings …. Relatively less risk averse subjects are assigned to a risky job track involving a known constant probability of unemployment in …

Persistent link: https://www.econbiz.de/10014083888