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Emotional Balances in Experimental Consumer Choice

Mengov, George; Egbert, Henrik; Pulov, Stefan; … - 2008

This paper presents an experiment, which builds a bridge over the gap between neuroscience and the analysis of economic … analyse consumer choices in a computer-based experiment. Supplier reputations, consumer satisfaction, and customer reactions …

Persistent link: https://www.econbiz.de/10015242954

Keeping Some Skin in the Game: How to Start a Capital Market in Longevity Risk Transfers

Blake, David; Biffs, Enrico - 2012

The recent activity in pension buyouts and bespoke longevity swaps suggests that a significant process of aggregation of longevity exposures is under way, led by major investment banks and buyout firms with the support of leading reinsurers. As regulatory capital charges and limited reinsurance...

Persistent link: https://www.econbiz.de/10015235882

Local incentive compatibility in non-convex type-spaces

Roy, Souvik; Kumar, Ujjwal - 2021

We explore the equivalence of local incentive compatibility (LIC) (Carroll (2012)) and incentive compatibility (IC) in non-convex type-spaces. We provide a sufficient condition on a type-space called minimal richness for the said equivalence. Using this result, we show that LIC and IC are...

Persistent link: https://www.econbiz.de/10015261283

Local incentive compatibility in ordinal type-spaces

Kumar, Ujjwal; Roy, Souvik - 2021

We explore the relation between different notions of local incentive compatibility (LIC) and incentive compatibility (IC) on ordinal type-spaces. In this context, we introduce the notion of ordinal local global equivalent (OLGE) and cardinal local global equivalent (CLGE) environments. First, we...

Persistent link: https://www.econbiz.de/10015262360

Spatial Competition in a Differentiated Market with Asymmetric Costs

Selim, Tarek - 2006

Spatial quality choice is introduced, where consumers are horizontally differentiated by taste and firms vertically differentiated by quality location, within an equilibrium model of duopoly competition characterized by asymmetric fixed and variable costs. Firms choose quality location followed...

Persistent link: https://www.econbiz.de/10015271182

Procurement Auctions with Renegotiation and Wealth Constraints

Chang, Wei-Shiun; Salmon, Timothy C.; Saral, Krista Jabs - 2013

Renegotiation is a common practice in procurement auctions which allows for post-auction price adjustments and is nominally intended to deal with the problem that sellers might underestimate the eventual costs of a project during the auction. Using a combination of theory and experiments, we...

Persistent link: https://www.econbiz.de/10015238888

Centralizing Disconnected Markets? An Irrelevance Result

Wittwer, Milena - 2017

This article compares centralized with disconnected markets in which n2 strategic agents trade two perfectly divisible goods. In a multi-goods uniform-price double auction (centralized market) traders can make their demand for one good contingent on the price of the other good. Interlinking...

Persistent link: https://www.econbiz.de/10015254600

Centralizing Disconnected Markets? An Irrelevance Result

Wittwer, Milena - 2017

Persistent link: https://www.econbiz.de/10015255278

Regulating Electricity Spot Markets during Extreme Events: The 2021 Texas Case

Danielian, Armen - 2025

This paper discusses the economic and legal challenges of price regulation in spot electricity markets during extreme events, taking the 2021 Texas winter storm as an example. The dual role of spot electricity prices (resource allocation and overall system reliability) in ERCOT's energy-only...

Persistent link: https://www.econbiz.de/10015376183

Essays in Behavioral and Experimental Economics

Dürsch, Peter - 2010

Chapter IWe use a large-scale internet experiment to explore how subjects learn to play against computers that are … experiment, we separate the demand for punishment in general from a possible demand to conduct punishment personally. Subjects …? In our experiment we observe that the subjects almost never use punishment. Consistently, the data shows no increase in …

Persistent link: https://www.econbiz.de/10009476200