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Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies
van den Berg, Gerard J. - 2003
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10010261543
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Strategic ignorance in bargaining
Conrads, Julian; Irlenbusch, Bernd - 2011
In his classic article An Essay on Bargaining Schelling (1956) argues that ignorance might actually be strength rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the proposer can choose between two possible offers. Option A...
Persistent link: https://www.econbiz.de/10010282588
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Toward the integration of personality theory and decision theory in the explanation of economic and health behavior
Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon; … - 2012
emphasizing variables derived from formal decision theory. In a data set on trainee truckers in a large US company, we provide a … comparing the predictive power of measurements derived from personality theory and decision theory for several individual …. Further, decision theory and personality variables are meaningfully related. For example, we confirm that cognitive ability …
Persistent link: https://www.econbiz.de/10010287694
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Strategic Ignorance in Bargaining
Conrads, Julian; Irlenbusch, Bernd - Institute for the Study of Labor (IZA) - 2011
In his classic article "An Essay on Bargaining" Schelling (1956) argues that ignorance might actually be strength rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the proposer can choose between two possible offers. Option...
Persistent link: https://www.econbiz.de/10009371183
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Negotiating Cooperation under Uncertainty: Communication in Noisy, Indefinitely Repeated Interactions
Dvorak, Fabian; Fehrler, Sebastian - 2018
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in …
Persistent link: https://www.econbiz.de/10011931862
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Toward the Integration of Personality Theory and Decision Theory in the Explanation of Economic and Health Behavior
Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon E.; … - Institute for the Study of Labor (IZA) - 2012
emphasizing variables derived from formal decision theory. In a data set on trainee truckers in a large US company, we provide a … comparing the predictive power of measurements derived from personality theory and decision theory for several individual …. Further, decision theory and personality variables are meaningfully related. For example, we confirm that cognitive ability …
Persistent link: https://www.econbiz.de/10010742085
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Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies
den Berg, Gerard J. van - Institute for the Study of Labor (IZA) - 2003
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005703158
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Strategic Mismatches in Competing Teams
Kräkel, Matthias - 1999
This paper discusses the strategic role of mismatching, where players voluntarily form inefficient teams or forego the formation of efficient teams, respectively. Strategic mismatching can be rational when players realize a competitive advantage (e.g. harming other competitors). In addition, the...
Persistent link: https://www.econbiz.de/10010262295
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In search of stars: network formation among heterogeneous agents
Goeree, Jacob K.; Riedl, Arno; Ule, Aljaz - 2005
This paper reports the results of a laboratory experiment on network formation among heterogeneous agents. The experimental design extends the basic Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by allowing for agents with lower linking costs or higher...
Persistent link: https://www.econbiz.de/10010267578
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The economics of credence goods: on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields …
Persistent link: https://www.econbiz.de/10010271236