Showing 1 - 10 of 619
Using data obtained from experiments reported in García-Gallego (1998) and García- Gallego and Georgantzís (2001), we estimate a simple model of adaptive behavior which could describe pricing in a market whose demand conditions are unknown to the firms. Divergence between the limit of...
Persistent link: https://www.econbiz.de/10005515893
We study culture and risk aversion as causes of gender differences in ultimatum bargaining. It has often been conjectured in the literature that gender differences in bargaining experiments are partly due to differences in risky decision making. Using the data obtained from our experimental...
Persistent link: https://www.econbiz.de/10005731409
We present a model in which the consumers' capacity to access a service provided on a network depends negatively on the price charged by the network owner per capacity unit. Several scenarios concerning the structure of the downstream service provision market are studied. First, a monopolist...
Persistent link: https://www.econbiz.de/10005731404
We construct a model to analyze the willingness of Health Authorities to reach agreements with private hospitals to have some of their public sector patients treated there. When physicians are dual suppliers, we show that a problem of cream-skimming arises and reduces the incentives of the...
Persistent link: https://www.econbiz.de/10005515877
We propose an alternative method of obtaining stylized facts on comovement, based on the cross-correlation function of the prewhitened time series, which only depends on the purely stochastic components of the series and the cross efects between them. This approach has the property of being...
Persistent link: https://www.econbiz.de/10005515878
The paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this result on the incentives of firms to participate in a cartel....
Persistent link: https://www.econbiz.de/10005515879
This paper formally describes the Human Capital Theory as a Research Programme that fits into the classical economic Research Programmes. The fundamental ¿hard core¿ assumption which converts the Human Capital Theory into a Research Programme itself in Lakatosian terms is based upon the...
Persistent link: https://www.econbiz.de/10005515880
This paper provides a cardinal welfare measure for the allocation of a bundle of goods among a group of people. Social welfare is measured as the sum of n partial indices, one for each good, each of which consists of a function of the amount of the good availabe and its dispersion, measured by...
Persistent link: https://www.econbiz.de/10005515881
There is a substantial amount of microeconomic evidence documenting diferential responses oflabor supply across productivity groups. In partic-ular, more productive individuals: (i) enjoy ahigher employment rate, (ii) have a lower volatility of employment and (iii) spend less time workingat...
Persistent link: https://www.econbiz.de/10005515882
The optimal competition policy when licensing is an alternative to a merger to transfer a superior technology is derived in a differentiated goods duopoly, for the cases of Cournot and Bertrand competition. We show that whenever both royalties and fixed fees are feasible, mergers should not be...
Persistent link: https://www.econbiz.de/10005515883