Showing 1 - 10 of 48
We conduct a laboratory experiment where third-party spectators can redistribute resources between two agents, thereby … inequalities, but many follow an interior allocation rule previously unaccounted for by the fairness views in the literature. These …
Persistent link: https://www.econbiz.de/10010818526
This paper considers the sealed bid and ascending auction, which both identifies the minimum Walrasian equilibrium prices and where truthful preference revelation constitutes an equilibrium. Even though these auction formats share many theortical properties, there are behavioral aspects that are...
Persistent link: https://www.econbiz.de/10009323347
It is well known that communication often serves as a facilitator for cooperation in static games. Yet, communication can serve entirely different purposes in dynamic settings as communication during the game may work as a means for renegotiation, potentially undermining the credibility of...
Persistent link: https://www.econbiz.de/10009323348
No abstract.
Persistent link: https://www.econbiz.de/10010818433
This paper tests the insiders' dilemma hypothesis in a laboratory experiment. The insiders' dilemma means that a …
Persistent link: https://www.econbiz.de/10005780368
industries. It addresses two questions. Has the free trade agreement between the EC and EFTA reinforced the disciplinary effect … competition of the free trade agreement, even though the disciplinary effect of imports originating from the less developed …
Persistent link: https://www.econbiz.de/10010818366
No abstract.
Persistent link: https://www.econbiz.de/10010818387
trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of … security. Since changes in security have terms of trade effects, some producers may be hurt by enhanced security. We show cases …
Persistent link: https://www.econbiz.de/10010818498
No abstract.
Persistent link: https://www.econbiz.de/10010818523
No abstract.
Persistent link: https://www.econbiz.de/10010818531