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Within a continuous time life cycle model of consumption and savings, I study the properties of the most general class of additive intertemporal utility functionals. They are not necessarily stationary, and do not necessarily multiplicatively separate a discount factor from "per-period utility"....
Persistent link: https://www.econbiz.de/10012945020
We propose a general model of oligopoly with firms relying on a two factor production function. In a first stage, firms choose a certain fixed factor level. In the second stage, firms compete on price, and adjust the variable factor to satisfy all the demand.When the factors are substitutable,...
Persistent link: https://www.econbiz.de/10012932387
Cette note traite d’une controverse théorique concernant la formation d’accords internationaux en environnement entre pays en présence de problèmes de pollution transfrontalière. La littérature issue de la théorie des jeux non coopératifs met en avant la thèse des « petites...
Persistent link: https://www.econbiz.de/10011141411
Cette note traite d’une controverse théorique concernant la formation d’accords internationaux en environnement entre pays en présence de problèmes de pollution transfrontalière. La littérature issue de la théorie des jeux non coopératifs met en avant la thèse des « petites...
Persistent link: https://www.econbiz.de/10011141826
This paper investigates the factors underlying the emergence of Research Cluster (RC), i.e. cooperation (or coordination of research efforts) through spatial proximity between public and private research teams. A ‘public lab’ and a ‘private lab’ interact in a two-stage game to decide on...
Persistent link: https://www.econbiz.de/10011194447
Framing has been widely shown to affect decision making. In this paper, we investigate experimentally whether, and to what extent, cooperative behaviour in a Game of Chicken may be impacted by a very basic change in the labelling of the strategies. Our within-subject experimental design involves...
Persistent link: https://www.econbiz.de/10010820399
In this short paper, we run an experiment to investigate the influence of a very basic change in the labelling of the strategies on cooperative behaviour in a standard Game of Chicken. Our between-subject experimental design involves two treatments. The only difference between them is that we...
Persistent link: https://www.econbiz.de/10010898351
Using a two-stage Game of Chicken, Cabon-Dhersin and Ramani (2007) examine the impact of population heterogeneity on cooperative behaviour. For that purpose, they introduce two different types of agents, namely those who always cooperate and those who strategically cooperate. The aim of the...
Persistent link: https://www.econbiz.de/10010900057