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An Economic Model of Youth Smoking: Tax and Welfare Effects

Suranovic, Steven M. - EconWPA - 2005

This paper presents a model of smoking choice in which rationality is bounded by limitations in intertemporal computational abilities. The model is applied to the youth decision to initiate smoking. Lifetime smoking paths of representative smokers indicate that youths may experience a reduction...

Persistent link: https://www.econbiz.de/10005134613

Reciprocal fairness and gift exchange practices in the labor

Mahuteau, Stephane - EconWPA - 2002

. We use the concept of Sequential Reciprocity Equilibrium developed by Dufwenberg & Kirchsteiger (1998) to incorporate … players’ preferences for reciprocity in their utility function. We model the labor relation through a one shot sequential gift … by reciprocity. Even though intentions act as a catalyst of opportunistic behaviors, the respect of the equity norm makes …

Persistent link: https://www.econbiz.de/10005408349

Preference Evolution and Reciprocity

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

This paper provides an evolutionary theory of reciprocity as an aspect of preference interdependence. It is shown that …

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

Sustaining Cooperation in trust Games

McCabe, Kevin; Rigdon, Mary; Smith, Vernon - EconWPA - 2004

It is well-known in evolutionary game theory that population clustering in Prisoner Dilemma games allows some cooperative strategies to invade populations of stable defecting strategies. We adapt this idea of population clustering to a two-person trust game. Players are typed based on their...

Persistent link: https://www.econbiz.de/10005125594

Design, Analysis and Simulation of the Progressive Second Price Auction for Network Bandwidth Sharing

Lazar, Aurel; Semret, Nemo - EconWPA - 1998

We present the Progressive Second Price auction, a new decentralized mechanism for allocation of variable-size shares of a resource among multiple users. Unlike most mechanisms in the economics litterature, PSP is designed with a very small message space, making it suitable for real-time market...

Persistent link: https://www.econbiz.de/10005407539

Reputations and Fairness in Bargaining - Experimental Evidence from a Repeated Ultimatum Game With Fixed Opponents

Slembeck, Tilman - EconWPA - 1999

experiment shows that average behaviour is more competitive and conflict rates are higher when subjects play against the same …

Persistent link: https://www.econbiz.de/10005408237

Quantum Solution of Coordination Problems

Huberman, Bernardo A.; Laboratories, Tad Hogg HP - EconWPA - 2003

We present a quantum solution to coordination problems that can be implemented with present technologies. It provides an alternative to existing approaches, which rely on explicit communication, prior commitment or trusted third parties. This quantum mechanism applies to a variety of scenarios...

Persistent link: https://www.econbiz.de/10005062323

Through Trial & Error to Collusion

Huck, Steffen; Normann, Hans-Theo; Oechssler, Joerg - EconWPA - 1998

In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any knowledge of the payoff functions players increase, respectively decrease, their quantity by one unit as long as this leads to higher profits. We show that this process converges...

Persistent link: https://www.econbiz.de/10005062333

Network Formation with Heterogenous Agents

Larrosa, Juan; Tohme, Fernando - EconWPA - 2003

The present paper analyzes a network formation problem, mainly based on the framework presented in Bala and Goyal (2000). We depart from their assumptions in two crucial aspects. On one hand, we assume that connecting to an agent pays of not only for the number of connections that the agent can...

Persistent link: https://www.econbiz.de/10005561825

The Games and Information Reader, Preface

Rasmusen, Eric - EconWPA - 1999

I am putting together a collection of clippings, journal articles, and original material to accompany my game theory book. It is due at the publisher's September 1, 1999. This is the preface, in which I explain my choice of items to include.

Persistent link: https://www.econbiz.de/10005118567