No abstract.

This paper analyzes the evolution of conventions in a society with local interaction and mobile players. Three innovative aspects are introduced: Imperfect observability of play outside a player's home location, friction in the strategy adjustment process, and restriced mobility. It is shown...

We analyze simple adaptive learning processes to model the evolution of effective communication in cheap-talk games with initially meaningless signals. We suggest that learning rules may be sensitive to the information available to players at the population level. As a consequence, learning...

This paper presents a dynamic model of a local public goods economy with crowding effects, that is modeled as a potential game. In each period, individuals choose one of a finite set of local public goods, or facilities, or clubs. Crowding is modeled by assuming that each agent's utility depends...

Preisgarantien im Einzelhandel scheinen auf den ersten Blick Ergebnis eines intensiven Wettbewerbs zu sein. Theoretische Analysen und empirische Studien zeigen jedoch, dass dies in der Regel nicht der Fall ist. Preisgarantien und hier vor allem Garantien, bei denen mehr als die Differenz zu...

Airbnb und Uber schaffen mit ihren Geschäftsmodellen neue Märkte. Werden dadurch Ressourcen besser genutzt, oder werden soziale Standards und gesetzliche Regulierungen umgangen? Nach Meinung von Tim Brühn und Georg Götz, Universität Gießen, bilden sich im Ergebnis Unternehmen mit hohen...

The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria with and without price guarantees exist but price...