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Blume, Andreas; Heidhues, Paul - 2001

We study tacit collusion in repeated auctions in which bidders can only observe past winners and not their bids. We adopt a stringent interpretation of tacit collusion as collusion without communication about strategies that we model as a symmetry restriction on repeated game strategies:...

Persistent link: https://www.econbiz.de/10010278073

Martingale approach in pricing and hedging European options under regime-switching

Milstein, Grigori N.; Spokoiny, Vladimir - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2011

The paper focuses on the problem of pricing and hedging a European contingent claim for an incomplete market model, in which evolution of price processes for a saving account and stocks depends on an observable Markov chain. The pricing function is evaluated using the martingale approach. The...

Persistent link: https://www.econbiz.de/10010607136

Martingale approach in pricing and hedging European options under regime-switching

Milstein, Grigori N.; Spokoiny, Vladimir - 2011

Persistent link: https://www.econbiz.de/10010281592

The Issue of Causal Explanation and Meaning Understanding of Social Action

Stepantsov, Pavel; Vakhshtayn, Viktor - 2013

This text deals with epistemological clash between positivistic and intentionalistic programs in the social sciences. The main question, raised here, is whether a social action can be comprehended in both causal and motivational terms, which is stressed to be necessary condition for the...

Persistent link: https://www.econbiz.de/10011375008

Analysing and explaining power in a capability perspective

Scholtes, Fabian - 2009

This paper offers a conceptual framework for analysing and explaining power based on the so-called Capability Approach to development (CA). This framework is intended as a heuristic device for micro-sociological analysis of political interaction in development practice. A systematic connection...

Persistent link: https://www.econbiz.de/10010327438

Lesser Degrees of Explanation: Some Implications of F.A. Hayek's Methodology of Sciences of Complex Phenomena

Scheall, Scott - 2013

From the early-1950s on, F.A. Hayek was concerned with the development of a methodology of sciences that study systems of complex phenomena. Hayek argued that the knowledge that can be acquired about such systems is, in virtue of their complexity (and the comparatively narrow boundaries of human...

Persistent link: https://www.econbiz.de/10011592219

Sufficient Causes: On Oxygen, Matches, and Fires

Pearl, Judea - In: Journal of Causal Inference 7 (2019) 2

Abstract We demonstrate how counterfactuals can be used to compute the probability that one event was/is a sufficient cause of another, and how counterfactuals emerge organically from basic scientific knowledge, rather than manipulative experiments. We contrast this demonstration with the...

Persistent link: https://www.econbiz.de/10014610892

The effect of explanations and monetary incentives on effort allocation decisions

Guymon, Ronald Nathan - 2008

a detailed explanation modifies behavior favorably relative to when an unclear explanation is provided. However, for all …

Persistent link: https://www.econbiz.de/10009466030

MICRO-FOUNDATIONS IN STRATEGIC MANAGEMENT: SQUARING COLEMAN’S DIAGRAM

Vromen, Jack - 2008

In a series of joint papers, Teppo Felin and Nicolai J. Foss recently launched a microfoundations project in the field of strategic management. Felin and Foss observe that extant explanations in strategic management are predominantly collectivist or macro. Routines and organizational...

Persistent link: https://www.econbiz.de/10009455664

Concretization, Explanation, and Mechanisms

Hindriks, Frank - 2007

Traditional accounts of explanation fail to illuminate the explanatory relevance of “models that are descriptively … false” in the sense that the regularities they entail fail to obtain. In this paper, I propose an account of explanation …, which I call ‘explanation by concretization’, that serves to explicate the explanatory relevance of such models. Starting …

Persistent link: https://www.econbiz.de/10009455667