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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
This paper studies the undiscounted utilitarian optimal paths of the canonical Dasgupta--Heal--Solow model when the stock of natural capital is a direct argument of well-being, besides consumption. We use a Keynes--Ramsey rule which yields a generalization of Hartwick's rule. We characterize...
Persistent link: https://www.econbiz.de/10010820400
This paper investigates the identification, the determinacy and the stability of ad hoc, "quasi-optimal" and optimal policy rules augmented with financial stability indicators (such as asset prices deviations from their fundamental values) and minimizing the volatility of the policy interest...
Persistent link: https://www.econbiz.de/10010820401
The present paper examines the meaning and usefulness of the concept of a New Economy. This construct, which first began to appear in the media in the mid-1990s, is utilised today with a variety of definitions and intentions. Having identified three possible denotations or orientations relating...
Persistent link: https://www.econbiz.de/10010820402
Conditional dependence is expressed as a projection map in the trivariate copula space. The projected copula, its sample counterpart and the related process are defined. The weak convergence of the projected copula process to a tight centered Gaussian Process is obtained under weak assumptions...
Persistent link: https://www.econbiz.de/10010820403
In this paper, ambiguity aversion to uncertain survival probabilities is introduced in a life-cycle model with a bequest motive to study the optimal demand for annuities. Provided that annuities return is sufficiently large, and notably when it is fair, positive annuitization is known to be...
Persistent link: https://www.econbiz.de/10010820404
This paper provides historical and empirical arguments that can explain the development of the Egyptian informal sector. After recalling the various approaches proposed in the literatures, it identifies the configuration that overrides the Egyptian labor market by allowing for the heterogeneity...
Persistent link: https://www.econbiz.de/10010820405
Faced with strong environmental issues, the agricultural sector has to revise deeply its aims and performance criteria. Numerous methods have been proposed to involve heterogeneous stakeholders in farming system design, and several authors highlight the importance of reflexivity in such...
Persistent link: https://www.econbiz.de/10010820406
Ce mémoire a pour objectif de définir une démarche permettant à toute entreprise de se positionner en tant que client préférentiel auprès de ses fournisseurs. Cette notion de client préférentiel fut durant de nombreuses années étudiée de façon unilatérale par une approche marketing...
Persistent link: https://www.econbiz.de/10010820407
Ce travail s'inscrit dans le débat relancé par l'article de Porter M. & Kramer M. (2011) dans Harvard Business Review proposant de refonder l'analyse stratégique autour de la notion de shared value. L'objectif de cette contribution est, tout d'abord, de proposer une analyse stratégique de la...
Persistent link: https://www.econbiz.de/10010820408