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Limits to Rational Learning
Levy, Yehuda - Department of Economics, Oxford University - 2014
A long-standing open question raised in the seminal paper of Kalai and Lehrer (1993) is whether or not the play of a repeated game, in the rational learning model introduced there, must eventually resemble play of exact equilibria, and not just play of approximate equilibria as demonstrated...
Persistent link: https://www.econbiz.de/10011004368
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Departures from Slutsky Symmetry in Noncooperative Household Demand Models
Lechene, Valerie; Preston, Ian - Department of Economics, Oxford University - 2000
Maximisation of utility by a single consumer subject to a linear budget constraint is well known to imply strong restrictions on the properties of demand functions. Empirical applications to data on households however frequently reject these restrictions. In particular such data frequently show...
Persistent link: https://www.econbiz.de/10010605047
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Distributional effects in household models: separate spheres and income pooling
Browning, Martin; Lechene, Valerie; Chiappori, Pierre-Andre - Department of Economics, Oxford University - 2006
We derive distributional effects for a non-cooperative alternative to the unitary model of household behaviour. We consider the Nash equilibria of a voluntary contributions to public goods game. Our main result is that, in general, the two partners either choose to contribute to different public...
Persistent link: https://www.econbiz.de/10005090649
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Inferring Repeated Game Strategies From Actions: Evidence From Trust Game Experiments
Engle-Warnick, Jim; Slonim, Robert L. - Department of Economics, Oxford University - 2001
behavior using the core game theory concept of repeated-game strategies. …
Persistent link: https://www.econbiz.de/10010605001
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The Prisoner`s Dilemma and City-Centre Traffic
Joshi, Vijay; Joshi, Mary Sissons - Department of Economics, Oxford University - 2001
It is commonly asserted that such problems as inner-city traffic congestion and pollution can be understood as examples of the Prisoner`s Dilemma Game (PD), but there is a dearth of empirical research that tests this assertion. 587 car owners in Oxford City were presented with three pairs of...
Persistent link: https://www.econbiz.de/10010605260
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Greed and Grievance in Civil War
Collier, Paul; Hoeffler, Anke - Department of Economics, Oxford University - 2002
We investigate the causes of civil war, using a new data set of wars during 1960-99. We test a greed theory focusing on … the ability to finance rebellion, against a grievance theory focusing on ethnic and religious divisions, political … repression and inequality. We find that greed considerably outperforms grievance. Consistent with the greed theory, both …
Persistent link: https://www.econbiz.de/10010605126
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Military Expenditure in Post-Conflict Societies
Collier, Paul; Hoeffler, Anke - Department of Economics, Oxford University - 2004
Post-conflict situations face a high risk of reversion to conflict. We investigate the effect of military expenditure by the government during the first decade post-conflict on the risk of reversion. We contrast two theories as to the likely effects. In one, military spending deters conflict by...
Persistent link: https://www.econbiz.de/10010605253
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The Defence Sector in the Economy of a Declining Superpower: Soviet Union and Russia 1965-2000
Davis, Christopher Mark; Davis, Christopher - Department of Economics, Oxford University - 2000
The Soviet Union was able to develop a large military-industrial complex and become the world’s second superpower despite the small size of its malfunctioning planned economy because defence was given high priority status and special planning, rationing and administrative mechanism were...
Persistent link: https://www.econbiz.de/10011133075
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How Likely is Contagion in Financial Networks?
Young, H Peyton; Glasserman, Paul - Department of Economics, Oxford University - 2013
Interconnections among financial institutions create potential channels for contagion and amplification of shocks to the financial system.  We propose precise definitions of these concepts and analyze their magnitude.  Contagion occurs when a shock to the assets of a single firm causes other...
Persistent link: https://www.econbiz.de/10011004139
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Are Gifts and Loans between Households Voluntary?
Fafchamps, Marcel; Comola, Margherita - Department of Economics, Oxford University - 2010
Using village data from Tanzania, we test whether gifts and loans between households are voluntary while correcting for mis-reporting by the giving and receiving households.  Two maintained assumptions underlie our analysis: answers to a question on who people would turn to for help are good...
Persistent link: https://www.econbiz.de/10011004247