Showing 1 - 10 of 38
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
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
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
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