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Organisational structure, communication and group ethics
Ellman, Matthew; Pezanis-Christou, Paul - Barcelona Graduate School of Economics (Barcelona GSE) - 2007
This paper investigates experimentally how organisational decision processes affect the moral motivations of actors inside a firm that must forego profits to reduce harming a third party. In a "vertical" treatment, one insider unilaterally sets the harm-reduction strategy; the other can only...
Persistent link: https://www.econbiz.de/10010547180
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Competitions with Forward Contracts: A Laboratory Analysis Motivated by Electricity Market Design
Brandts, Jordi; Pezanis-Christou, Paul; Schram, Arthur - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
We use experiments to study the efficiency effects for a market as a whole of adding the possibility of forward …
Persistent link: https://www.econbiz.de/10010547195
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The role of model uncertainty and learning in the U.S. postwar policy response to oil prices
Rondina, Francesca - Barcelona Graduate School of Economics (Barcelona GSE) - 2010
approach proposed by Cogley and Sargent (2005b) to incorporate model uncertainty and learning into policy decisions. In this …
Persistent link: https://www.econbiz.de/10010547167
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Two-sided Learning in New Keynesian Models: Dynamics, (Lack of) Convergence and the Value of Information
Matthes, Christian; Rondina, Francesca - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
This paper investigates the role of learning by private agents and the central bank (two-sided learning) in a New … these beliefs through a statistical learning algorithm as new information becomes available. We study the short-run dynamics … demonstrate that two-sided learning can generate substantial increases in volatility and persistence, and alter the behavior of …
Persistent link: https://www.econbiz.de/10011132910