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Goyal, Sanjeev; Leij, Marco van der; Moraga-González, … - 2004

Persistent link: https://www.econbiz.de/10002343512

Toward a Political Economy of Cost-Benefit Analysis

Cole, Daniel H. - 2012

This is a substantially revised, refocused, and updated version of an earlier draft paper, exploring the significant role Cost-Benefit Analysis (CBA) plays in facilitating or impeding legislative and regulatory policy decisions. The paper centers around three case studies of CBAs EPA prepared...

Persistent link: https://www.econbiz.de/10013113617

Feudal Political Economy

Desierto, Desiree; Koyama, Mark - 2022

The political economy of medieval Europe was shaped by alliances between lords and vassals, forged through peaceful and violent means. We model coalition formation through bargaining or by conquest, and where members can rebel against their coalition. We derive conditions under which a realm...

Persistent link: https://www.econbiz.de/10014237556

Contagion through learning

Steiner, Jakub; Stewart, Colin - In: Theoretical economics : TE ; an open access journal in … 3 (2008) 4, pp. 431-458

We study learning in a large class of complete information normal form games. Players continually face new strategic situations and must form beliefs by extrapolation from similar past situations. We characterize the long-run outcomes of learning in terms of iterated dominance in a related...

Persistent link: https://www.econbiz.de/10011700119

Economics : an emerging small world?

Goyal, Sanjeev; Leij, Marco van der; Moraga-González, … - 2004

component - covering only 15% of the population. However, by the 1990's economics was much more integrated, with the giant …, leading us to conclude that economics is an emerging small world. A crucial stable feature of the network over this period is … themselves). The world of economics is thus a collection of inter-linked stars. We also find that a growth in the average number …

Persistent link: https://www.econbiz.de/10011603155

Bargaining over Taxes and Entitlements in the Era of Unequal Growth

Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022

Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....

Persistent link: https://www.econbiz.de/10013210072

Behavioral Biology, the Rational Actor Model, and the New Feminist Agenda

Carbone, June; Cahn, Naomi R. - 2007

Gilligan's account of moral development. Economics itself, led by the insights that have come from game theory, is reexamining … trust, altruism, reciprocity and empathy. Behavioral economics, defined as "the combination of psychology and economics that … come from the integration of behavioral economics with behavioral biology, and that this project will in turn depend on the …

Persistent link: https://www.econbiz.de/10014050844

Transaction cost and the theory of games : the "prisoners' dilemma" as an example

Li, Junhui - In: Man and the economy 7 (2020) 1, pp. 1-16

Persistent link: https://www.econbiz.de/10012300599

Performance Pay, Group Selection andGroup Performance

Königstein, Manfred; Ruchala, Gabriele K. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Within a laboratory experiment we investigate a principal-agent game in which agents may,first, self-select into a group task (GT) or an individual task (IT) and, second, choose workeffort. In their choices of task and effort the agents have to consider pay contracts for bothtasks as offered by...

Persistent link: https://www.econbiz.de/10005863219

Evolution of division rules

Rai, Birendra K. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

Several division rules have been proposed in the literature regarding how anarbiter should divide a bankrupt estate. Different rules satisfy different sets ofaxioms, but all rules satisfy claims boundedness which requires that no contributorbe given more than her initial contribution. This paper...

Persistent link: https://www.econbiz.de/10005866654