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This text deals with the topic of housing shortage vs. residential vacancy – housing market intervention as a task of politics? At the beginning there will be some basic assertions on the relation of market vs. state, especially bearing in mind, the overall importance and social responsibility...
Persistent link: https://www.econbiz.de/10010892209
There are four major challenges for housing policy in the near and midterm future: First, rents in many German conurbations have been rising significantly faster than incomes over the last five years. Though it can rightly be argued, that the suggested policies of the new German federal...
Persistent link: https://www.econbiz.de/10010892211
The regional differences in the housing markets are enormous and will continue to exacerbate in the future. The main task for the housing policy is to take appropriate long term measures depending on the market structure. A central aspect of future housing policy is the site development....
Persistent link: https://www.econbiz.de/10010892216
This paper surveys some recent developments in the literature which studies continuous-timeevolutionary dynamics in the context of economic modeling.
Persistent link: https://www.econbiz.de/10005515953
perform costly disambiguation to convey surprising information. This paper shows that, while non-cooperative game theory … cannot justify Horn's rule, evolutionary game theory can. In order to model the evolution of signalling, the pooling …
Persistent link: https://www.econbiz.de/10005496130
We study the conditions for the emergence of cooperation in a spatial common-pool resource game. We consider three types of agents: cooperators, defectors and enforcers. The role of enforcers is to punish defectors for overharvesting the resource. Agents are located around a circle and they only...
Persistent link: https://www.econbiz.de/10005423138
In this paper I define an evolutionary stability criterion for learning rules. Using Monte Carlo simulations, I then apply this criterion to a class of learning rules that can be represented by Camerer and Ho's (1999) model of learning. This class contains perturbed versions of reinforcement and...
Persistent link: https://www.econbiz.de/10005423816
leads to counterinitiative results, casting doubts on the predictive power of theory itself. The Centipede Game, firstly … people in laboratory behave in a manner which is a significatively different from what the theory expects. In our paper, we … construct a dynamic model based on the Centipede Game. Our claim is that the source of these discrepancies between theory and …
Persistent link: https://www.econbiz.de/10005404133
Experimental results on the ultimatum game show clearly that (1) large fractions of players offer a 'fair' allocation …
Persistent link: https://www.econbiz.de/10005407564
phenomena. The analysis relies on commonly used mathematical techniques in evolutionary game theory. Assuming a positive but …
Persistent link: https://www.econbiz.de/10005450937