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
decades. We argue that pervasive skill biased technological change rather than increased trade with the developing world is …
Persistent link: https://www.econbiz.de/10005190620
trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of …
Persistent link: https://www.econbiz.de/10005486504
trade expansion. Specifically, we present a stages-of-growth model in which the four phenomena are jointly endogenous and …
Persistent link: https://www.econbiz.de/10005639328
This paper considers a small open economy where an input-output industrial structure, scale economies and imperfect competition, create vertical linkages and multiple equilibria. In this environment, an imperfect labor market is introduced by assuming unionized labor. It is shown that if the...
Persistent link: https://www.econbiz.de/10005639333
The paper demonstrates how trade between developing countries can cause the divergence of long-run growth among these … trade occurs at any moment if the countries have different numbers of intermediate varieties. The country with a larger … number produces more manufactured goods than the other country does. In the bilateral trade the advanced country exports …
Persistent link: https://www.econbiz.de/10005645340