An agent-based model is a virtual world comprising distributed heterogeneous agents who interact over time. In a spatial agent-based model the agents are situated in a spatial environment and are typically assumed to be able to move in various ways across this environment. Some kinds of social...

International climate negotiations have so far failed to produce ambitious climate cooperation. We combine laboratory experiments with simulations to investigate the performance of two negotiation design features to address this failure: The Paris Agreement's ratchet-up mechanism, which requires...

We propose a theory-based experimental approach to compare the properties of approval voting (AV) with those of plurality. This comparison is motivated by the theoretical predictions that, in our aggregate uncertainty setup, AV should produce close to first-best outcomes, while plurality will...

This paper explores the potential of voluntary consumption quotas as a strategy to address resource supply shortages. The results of an incentivized online experiment are presented in which a Nash demand game was used to model an energy consumption problem. Participants had the option to join an...

While a game-theoretic tree is an unrivaled way of representing dynamic interactions, no real-life interaction comes with its tree representation. Before backward inducting, players must construct a tree. We test whether people correctly construct trees. Replicated in 27 different settings with...

When do societies succeed in providing public goods? Previous research suggests that public goods contributions correlate with expectations about cooperation by others among students and other demographic subgroups. However, we lack knowledge about whether the effect of expected cooperation is...

In this paper a game theoretic model is employed to analyze the relationship between strategic location decision of firms in the supply chain considering the role of horizontal and vertical knowledge spillovers, and numerical approach is applied to characterize the equilibria of the considered...

This paper examines the effect of salvage market on strategic technology choice and capacity investment decision of two firms that compete on the amount of output they produce under demand uncertainty. A game theoretic model applies such that in the first stage firms choose their production...

Researchers agree that both, a higher level of trust and a longer time horizon, increase the odds of successful collaboration. But research efforts to date have focused more on charting the territory of each construct rather than on integrating the two. We hypothesize that the trustor's time...

I discuss a fundamental and pervasive aspect of social networks that has a signfii cant impact on behavior: "homophily. "Homophily refers to the tendency of individuals to associate with others who have similar characteristics as themselves. This tendency has been observed across a variety of...