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An Experimental Test of Risk-Sharing Arrangements

Genicot, Garance; Charness, Gary - Society for Economic Dynamics - SED - 2004

We investigate risk sharing without commitment by designing an experiment to match a simple model of voluntary insurance between two agents when aggregate income is constant. Participants are matched in pairs. Each period, they receive their income with or without a random component h that one...

Persistent link: https://www.econbiz.de/10005090917

Information Immobility and the Home Bias Puzzle

Veldkamp, Laura; Nieuwerburgh, Stijn Van - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005069387

Asymmetric Information and the Lack of International Portfolio

Hatchondo, Juan Carlos - Society for Economic Dynamics - SED - 2006

There is pervasive evidence that individuals invest primarily in domestic assets and thus hold poorly diversified portfolios. Empirical studies suggest that informational asymmetries may play a role in explaining the bias towards domestic assets. In contrast, theoretical studies based on...

Persistent link: https://www.econbiz.de/10005090779

In Seach of Stars

Goeree, Jacob K.; Riedl, Arno - Society for Economic Dynamics - SED - 2004

We study the endogenous formation of networks in a controlled experiment. Subjects derive benefits from being linked to others and incur costs for links they make. The theoretically predicted network has a "star"-type architecture, with "periphery" subjects linking to a unique "center". This...

Persistent link: https://www.econbiz.de/10005085488

Organizational Learning: An Experimental Investigation

Blume, Andreas; Duffy, John - Society for Economic Dynamics - SED - 2004

We propose to experimentally study decentralized organization learning. Our objective is to understand how learning members of an organization cope with the confounding effects of the simultaneous learning of other agents. An important distinction of our approach is that we test predictions from...

Persistent link: https://www.econbiz.de/10005069535

Price Discrimination with Experience Goods: a Structural Econometric Analysis

Goettler, Ronald; Clay, Karen - Society for Economic Dynamics - SED - 2006

Firms often offer menus of two-part tariffs to price discriminate among consumers with heterogeneous preferences. In this paper we study the effectiveness of this screening mechanism when consumers are uncertain about the quality of the good and resolve this uncertainty through consumption...

Persistent link: https://www.econbiz.de/10005069234

Dynamic Oligopoly with Network Effects

Economides, Nicholas; Mitchell, Matt - Society for Economic Dynamics - SED - 2004

We study the dynamics of an oligopoly market with network externalities. In contrast to earlier work, we consider a model where products are vertically differentiated and the number of firms is arbitrary. We show that the degree of network externalities has a one-to-one relationship with the...

Persistent link: https://www.econbiz.de/10005069471

Is Discounting Hyperbolic? Experimental Evidence

Benhabib, Jess; Bisin, Alberto - Society for Economic Dynamics - SED - 2004

discount rates, in fact, most of this data is not without problems: often experiments have been conducted with hypothetical … rewards, or with "points" redeemable at the end of the experiments (thereby eliminating any rationale for time preference …); often the design of the experiments gives rise to issues of strategic manipulability, or of framing effects. Rarely have the …

Persistent link: https://www.econbiz.de/10005027257

Dynamic Optimal Non-linear Taxation Under Non-commitment

Tsyvinski, Aleh; Golosov, Mikhail; Skreta, Vasiliki - Society for Economic Dynamics - SED - 2004

This paper studies dynamic non-linear taxation in a two-period model without government commitment and a continuum of agents with privately known skill parameters, which are constant overtime. The government is utilitarian but cannot commit at t=1 to the tax scheme that she will propose at t=2....

Persistent link: https://www.econbiz.de/10005085448

Endogeous Monitoring

Kandori, Michihiro; Obara, Ichiro - Society for Economic Dynamics - SED - 2004

In the standard model of dynamic interaction, players are assumed to receive public signals according to some exogenous distributions for free. We deviate from this assumption in two directions to consider an aspect of information structure in a more realistic way. We assume that signals are...

Persistent link: https://www.econbiz.de/10005085454