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Naked Exclusion : An Experimental Study of Contracts with Externalities

Landeo, Claudia M. - 2008

preferred equilibrium. Two-way non-binding pre-play communication among the buyers lowers the power of exclusive contracts and … induces more generous contract terms from the seller. When discrimination and communication are possible, the exclusion rate …

Persistent link: https://www.econbiz.de/10012464530

Intra Firm Bargaining and Shapley Values

Brügemann, Björn - 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/10012457160

Tractable and Consistent Random Graph Models

Chandrasekhar, Arun G. - 2014

We define a general class of network formation models, Statistical Exponential Random Graph Models (SERGMs), that nest standard exponential random graph models (ERGMs) as a special case. We provide the first general results on when these models' (including ERGMs) parameters estimated from the...

Persistent link: https://www.econbiz.de/10012458390

Causal Analysis after Haavelmo

Heckman, James J. - 2013

Haavelmo's seminal 1943 paper is the first rigorous treatment of causality. In it, he distinguished the definition of causal parameters from their identification. He showed that causal parameters are defined using hypothetical models that assign variation to some of the inputs determining...

Persistent link: https://www.econbiz.de/10012459209

Random Directed Graph Distributions in the Triad Census in Social Networks

Wasserman, Stanley S. - 1975

This paper uses the concept of the triad census first introduced by Holland and Leinhardt, and describes several distributions on directed graphs. Methods are presented for calculating the mean and the covariance matrix of the triad census for the uniform distribution that conditions on the...

Persistent link: https://www.econbiz.de/10012479013

Causality and Econometrics

Heckman, James J.; Pinto, Rodrigo - National Bureau of Economic Research - 2022

This paper examines the econometric causal model for policy analysis developed by the seminal ideas of Ragnar Frisch and Trygve Haavelmo. We compare the econometric causal model with two popular causal frameworks: Neyman-Holland causal model and the do-calculus. The Neyman-Holland causal model...

Persistent link: https://www.econbiz.de/10012938756

Quantitative Models of Commercial Policy

Ossa, Ralph - 2016

What tariffs would countries impose if they did not have to fear any retaliation? What would occur if there was a complete breakdown of trade policy cooperation? What would be the outcome if countries engaged in fully efficient trade negotiations? And what would happen to trade policy...

Persistent link: https://www.econbiz.de/10012456612

Punishment and Cooperation in Stochastic Social Dilemmas

Xiao, Erte - 2012

Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner's dilemma environment where each person can decide whether or...

Persistent link: https://www.econbiz.de/10012460202

"Do the Right Thing : " The Effects of Moral Suasion on Cooperation

Dal Bó, Ernesto - 2009

The use of moral appeals to affect the behavior of others is pervasive (from the pulpit to ethics classes) but little is known about the effects of moral suasion on behavior. In a series of experiments we study whether moral suasion affects behavior in voluntary contribution games and mechanisms...

Persistent link: https://www.econbiz.de/10012463090

Opportunities for Improving the Drug Development Process : Results from a Survey of Industry and the FDA

Berndt, Ernst R. - 2005

on additional communication than did the FDA. Furthermore, industry interviewees indicated that they were willing to pay … R&D. To assess the current issues and state of communication and interaction between the FDA and industry, we carried … unnecessary uncertainty and delays due to lack of communication and interaction …

Persistent link: https://www.econbiz.de/10012467254