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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
model of trade and location. More specifically, we introduce horizontal and vertical multi-region firms into the core … effects found in the CP model by making the range of trade costs for which the core-periphery equilibrium occurs smaller. The …
Persistent link: https://www.econbiz.de/10005645400
No abstract.
Persistent link: https://www.econbiz.de/10010684419
No abstract.
Persistent link: https://www.econbiz.de/10010684477
No abstract.
Persistent link: https://www.econbiz.de/10010685024
No abstract.
Persistent link: https://www.econbiz.de/10010685028
stemming from terms-of-trade improvements and reduced dependence on subsidized and protected industries. The paper also …
Persistent link: https://www.econbiz.de/10010685035