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Rational choice theory : toward a psychological, social, and material contextualization of human choice behavior

Burns, Tom R.; Roszkowska, Ewa - In: Theoretical economics letters 6 (2016) 2, pp. 195-207

Persistent link: https://www.econbiz.de/10011545478

Bilateral Commitment

Haeringer, Guillaume; Bade, Sophie; Renou, Ludovic - 2006

(i.e., step by step commitment) does not change the set of implementable profiles. …

Persistent link: https://www.econbiz.de/10010312258

Lavish returns on cheap talk: Non-binding communication in a trust experiment

Ben-Ner, Avner; Putterman, Louis; Ren, Ting - 2007

We let subjects interact with anonymous partners in trust (investment) games with and without one of two kinds of pre-play communication: numerical (tabular) only, and verbal and numerical. We find that either kind of pre-play communication increases trusting, trustworthiness, or both, in...

Persistent link: https://www.econbiz.de/10010318961

Vertical Integration and Market Foreclosure with Convex Downstream Costs

Baake, Pio; Kamecke, Ulrich; Normann, Hans-Theo - 2001

In a framework with an upstream monopoly and a downstream duopoly, we analyze the impact of convex costs on the downstream level. In contrast to the case of constant marginal costs, vertical integration does not imply complete market foreclosure. While the non-integrated downstream firm receives...

Persistent link: https://www.econbiz.de/10010260776

Privacy, time consistent optimal labor income taxation and education policy

Konrad, Kai A. - 1999

Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor …

Persistent link: https://www.econbiz.de/10010262302

Human Capital Investment and Globalization in Extortionary States

Andersson, Fredrik; Konrad, Kai A. - 2001

This paper considers education investment and public education subsidies in closed and open economies with an extortionary government. The extortionary government in a closed economy has incentives to subsidize education in order to overcome a hold-up problem of time consistent taxation, similar...

Persistent link: https://www.econbiz.de/10010262447

Globalization and Human Capital Formation

Andersson, Fredrik; Konrad, Kai A. - 2001

This paper compares education investment in closed and open economies without government and with a benevolent government. The fact that the time consistency problem in taxation can make labor mobility beneficial even if governments are fully benevolent – which is known from other contexts –...

Persistent link: https://www.econbiz.de/10010262452

Optimal fiscal policy over the business cycle

Occhino, Filippo - 2005

is driven by exogenous technology shocks. We first consider the commitment case, and characterize the Ramsey equilibrium … positively correlated with production. Then, we relax the commitment assumption, and we show how to determine numerically whether …, Commitment, Time-consistency, Ramsey equilibrium, Markov perfect equilibria, Sustainable equilibria. …

Persistent link: https://www.econbiz.de/10010263265

Board Independence and CEO Turnover

Laux, Volker - 2005

follows because a lack of board independence serves as a substitute for commitment. Boards that are dependent on the incumbent …

Persistent link: https://www.econbiz.de/10010263315

Disagreement and authority

Ellingsen, Tore; Miettinen, Topi - 2007

Can two negotiators fail to agree when both the size of the surplus and the rationality of the negotiators are common knowledge? We show that the answer is affirmative. When the negotiators can make irrevocable commitments at a low but positive cost, the unique symmetric equilibrium entails...

Persistent link: https://www.econbiz.de/10010263800