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Recent literature has questioned the existence of a learning foundation for the partially cursed equilibrium. This paper closes the gap by showing that a partially cursed equilibrium corresponds to a particular analogy-based expectation equilibrium.
Persistent link: https://www.econbiz.de/10005765162
Anti-corruption laws forbid selling nominations to public jobs. Even if bribing is ruled out, those interested in the nominations may invest in good relationships with the nominators. This provides a legal way to influence the decision. Such networking is costly, however. Thus, rent-seeking...
Persistent link: https://www.econbiz.de/10005588000
Experiments suggest that communication increases the contribution to public goods (Ledyard, 1995). There is also evidence that, when contemplating a lie, people trade off their private benefit from the lie with the harm it inflicts on others (Gneezy, 2005). We develop a model of bilateral...
Persistent link: https://www.econbiz.de/10005252194
Die menschliche Art ist eine Spezies, die durch Einsatz von Institutionen undNormensystemen kollektive Güter (oder Übel) bereitzustellen vermag.1 Kollektive Güterbilden typischerweise Antworten auf Kollektivgut-Probleme. Eine besonders wichtige Klassesolcher Kollektivgut-Probleme entsteht im...
Persistent link: https://www.econbiz.de/10005866397
Relying on the specific example of ultimatum bargaining experiments this paperexplores the possible role of empirical knowledge of behavioural “norm(ative)facts” within the search for (W)RE – (Wide) Reflective Equilibria on normativeissues. Assuming that “pro-social” behaviour...
Persistent link: https://www.econbiz.de/10005866425