Similar Search Results

Falk, Armin; Fischbacher, Urs - CESifo - 2001

This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...

Persistent link: https://www.econbiz.de/10005765909

Appropriating the Commons A Theoretical Explanation

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - CESifo - 2001

In this paper we show that a simple model of fairness preferences explains major experimental regularities of common …

Persistent link: https://www.econbiz.de/10005181497

Testing the Pareto Efficiency of Household Resource Allocations

Apps, Patricia; Rees, Ray - CESifo - 2008

In a careful and thorough empirical study, Christopher Udry (1996) shows convincingly that, in a large sample of West African households, household resource allocations were not Pareto efficient. This paper argues that observation of the Pareto inefficiency of a household resource allocation...

Persistent link: https://www.econbiz.de/10005406400

Coordinating Climate and Trade Policies: Pareto Efficiency and the Role of Border Tax Adjustments

Keen, Michael; Kotsogiannis, Christos - CESifo - 2011

This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country distributional...

Persistent link: https://www.econbiz.de/10009147741

Strategic Wage Setting and Coordination Frictions with Multiple Applications

Gautier, Pieter A.; Moraga-González, José Luis - CESifo - 2004

We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...

Persistent link: https://www.econbiz.de/10005094458

Convexity, Differential Equations, and Games

Flåm, Sjur Didrik - CESifo - 2002

Theoretical and experimental studies of noncooperative games increasingly recognize Nash equilibrium as a limiting outcome of players‘ repeated interaction. This note, while sharing that view, illustrates and advocates combined use of convex optimization and differential equations, the purpose...

Persistent link: https://www.econbiz.de/10005181528

Trade Retaliation in a Monetary-Trade Model

Whalley, John; Yu, Jun; Zhang, Shunming - CESifo - 2009

We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes places geographically across countries and through time via financial intermediation. In such models deficits and surpluses in goods trade are endogenously determined, and...

Persistent link: https://www.econbiz.de/10005416485

Optimal Tariffs, Retaliation and the Welfare Loss from Tariff Wars in the Melitz Model

Felbermayr, Gabriel J.; Jung, Benjamin; Larch, Mario - CESifo - 2011

This paper characterizes analytically the optimal tariff of a large one-sector economy with monopolistic competition and firm heterogeneity in general equilibrium, thereby extending the small-country results of Demidova and Rodriguez-Clare (JIE, 2009) and the homogeneous firms framework of Gros...

Persistent link: https://www.econbiz.de/10009147740

The Prince and the Pauper: Fairness through Thick and Thin Veils of Ignorance

Leong, Chee Kian - CESifo - 2014

fairness and redistributional choices. A fortune reversal is generally perceived to be fair behind a thick VOI, but deemed … exists between the perception of fairness and the certainty levels about social position. A 50-50 split is preferred with …

Persistent link: https://www.econbiz.de/10010877830

Fair and Efficient Taxation under Partial Control: Theory and Evidence

Ooghe, Erwin; Peichl, Andreas - CESifo - 2011

There is clear evidence that fairness plays a role in redistribution. Individuals want to compensate others for their … misfortune, while they allow them to enjoy the fruits of their effort. This paper introduces fairness in a tax-benefit scheme … fairness test, whereas the Baltic and Anglo-Saxon countries (including the US) perform worst. Our paper provides a new way to …

Persistent link: https://www.econbiz.de/10009221559