Showing 1 - 10 of 37
question; even if these mechanisms provide active involvement and market learning. In its orthodox view, adaptive bidding …
Persistent link: https://www.econbiz.de/10008565988
bargaining outcomes. It develops and tests Kuhn and Gu (1999) s model of learning in sequential wage negotiations, by means of …
Persistent link: https://www.econbiz.de/10005169010
however, behavior becomes at odds with both subgame perfection and fairness. Evidence of learning is detected for both … proposers and receivers in the estimation of a structural reinforcement learning model. The estimation results suggest that …
Persistent link: https://www.econbiz.de/10005100867
games learning fails to converge to any equilibrium, either in terms of marginal frequencies or of average play. Subjects … equilibrium of one game is predicted to be stable under learning, the other unstable, provided payoffs are sufficiently high. We …
Persistent link: https://www.econbiz.de/10005101118
This paper extends the standard work effort model by allowing workers to interact through networks. We investigate experimentally whether peer performances and peer contextual effects influence individual performances. Two types of network are considered. Participants in Recursive networks are...
Persistent link: https://www.econbiz.de/10011183662
The objective of this paper is to look into the probability that, given the choice, corporate groups would opt for taxation on a consolidated basis. Consolidation would allow them to offset losses crossborder but remove the opportunity to exploit international tax-rate differentials between...
Persistent link: https://www.econbiz.de/10011183683
We study the relationship between inequality and inter-groups conflicts (riots), focussing on social inequality. Disadvantaged societal groups experience discrimination and thus have limited access to some social and labour resources like education or employment. First, we experimentally...
Persistent link: https://www.econbiz.de/10008833337
In this paper, we investigate individuals' investment in status in an environment where no monetary return can possibly be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to learn and potentially improve their relative position in...
Persistent link: https://www.econbiz.de/10008833344
The World Trade Center attack has shed light on the urgent need to implement preventing measures against terrorism and to enhance cooperation in the global security system for all countries. However, international coordination cannot be taken for granted. It is often ineffective and likely to...
Persistent link: https://www.econbiz.de/10008559320
We provide an experimental analysis of competitive insurance markets with adverse selection. Our parameterized version of the lemons' model (Akerlof 1970) in the insurance context predicts total crowding out of low-risks when insurers offer a single full insurance contract. The therapy proposed...
Persistent link: https://www.econbiz.de/10008560183