The paper explores the connection between the natural rates of unemployment and interest first put forward in the literature by Dennis Robertson in the 1930s. This looks at monetary dynamics in the business cycle and assesses the Robertsonian contribution to developments in macroeconomics before...

This work presents a static model of optimal city size. The supply is characterized by firms under imperfect competition; families with preferences for variety form the demand side. The optimal size is sensitive to economies of agglomeration (or congestion) and to the households’ utility...

The aim of this investigation is to display how the use of classroom experiments may be a good pedagogical tool to teach the Nash equilibrium (NE) concept. The basic game for our purposes is a repeated version of the Beauty Contest Game (BCG), a simple guessing game whose repetition lets...

Charles Darwin (1874) stated that "women are less selfish but men are more competitive". Very recent papers (Eckel & Grossman, 1998, 2001 or Andreoni & Vesterlund 2001, among others) have shown the relevance of gender in altruism in both ultimatum and dictator games. In this paper we analyse the...

This paper investigates the effect of poverty and good intentions on dictator game giving. Previous experimental studies in which information was supplied to dictators about recipients have shown that dictator giving increases overall in this context. We develop a new design of standard informed...

In this paper we obtain empirical evidence of the relationship between individuals' risk attitudes and individuals' beliefs on their rival's choices in the Prisoners' Dilemma game. We find that (i) Risk-averse subjects seem to think that their opponent will defect, (ii) Risk-loving individuals...

BCG are widely considered to be an ideal tool for analyzing individual depth of reasoning. Accordingly, experimental results are interpreted as arising from different levels of reasoning. In this paper we turn attention to heterogeneity in computational skills. We show that the presence of...

Using a sample of Spanish Catholics, we examined the level of religiosity (measured by beliefs, prayer and church attendance) and the relationship between religiosity and various socio-economic variables. An Ordered Logit estimation of religiosity equations showed that: women are more religious...