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The Effect of an Additional Alternative on Measured Risk Preferences in a Field Experiment

Engle-Warnick, Jim; Escobal, Javier; Laszlo, Sonia - EconWPA - 2005

We experimentally test for the effect of an additional alternative on the measured risk preferences of farmers in rural Peru. In our experiment, subjects revealed their risk preferences with a series of choices between two gambles. We added a third gamble, which was always dominated by one of...

Persistent link: https://www.econbiz.de/10005125586

Moral constraints and the evasion of income tax

Bayer, Ralph C - EconWPA - 2004

This paper re-examines the individual income tax evasion decision in the simple framework introduced by Allingham and Sandmo (1972), where the individual taxpayer decides how much of his income is invested in a safe asset (reported income) and in a risky asset (concealed income). These early...

Persistent link: https://www.econbiz.de/10005125962

The Role and Evolution of Central Authorities

Frijters, Paul; Tieman, Alexander F. - EconWPA - 1999

local interaction, an authority is understood as a self-enforcing coordination selection structure, where the threat of …

Persistent link: https://www.econbiz.de/10005550871

An Evolutionary Analysis of Bagwell's Example

Oechssler, Jorg; Schlag, Karl - EconWPA - 1997

In a recent paper Bagwell (1995) pointed out that only the Cournot outcome, but not the Stackelberg outcome, can be supported by a pure Nash equilibrium when actions of the Stackelberg leader are observed with the slightest error. The Stackelberg outcome, however, remains close to the outcome of...

Persistent link: https://www.econbiz.de/10005550927

Preference Evolution and Reciprocity

Sethi, Rajiv; Somanathan, E. - EconWPA - 1999

selection and random matching. Such preferences are efficiency-reducing when they are rare and efficiency-enhancing when they … are widespread, suggesting that they can persist even under group selection and assortative matching. In comparison with … therefore less sensitive to details of the evolutionary selection process. …

Persistent link: https://www.econbiz.de/10005550958

The Evolution of Algorithmic Learning Rules: A Global Stability Result

Anderlini, Luca; Sabourian, Hamid - EconWPA - 1995

This paper consider the dynamic evolution of algorithmic (recursive) learning rules in a normal form game. It is shown …

Persistent link: https://www.econbiz.de/10005550961

Unified Growth Theory

Galor, Oded - EconWPA - 2005

economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of …

Persistent link: https://www.econbiz.de/10005556052

What sustains social norms and how they evolve? The case of tipping

Azar, Ofer H. - EconWPA - 2003

The paper presents a model of the evolution of social norms. When a norm is costly to follow and people do not derive …

Persistent link: https://www.econbiz.de/10005556145

Virtual Branding: Turning a stone into a Jewel

Ward, David; Secondi, Dario - EconWPA - 2005

This short paper discusses the evolution of branding and its projection in the near and distant future. In particular … paper also looks at the transition from lifestyles to mindstyles, the evolution of the consumer and how these link to … branding evolution. …

Persistent link: https://www.econbiz.de/10005556570

The Demographic Transition and the Emergence of Sustained Economic Growth

Galor, Oded - EconWPA - 2004

The demographic transition that swept the world in the course of the last century has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed and...

Persistent link: https://www.econbiz.de/10005556697