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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

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

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

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

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

Equilibrium Selection in Stochastic Games

Herings, P. Jean-Jacques; Peeters, Ronald J.A.P. - EconWPA - 2001

Persistent link: https://www.econbiz.de/10005118581

The Games and Information Reader, Table of Contents

Rasmusen, Eric - EconWPA - 1999

Persistent link: https://www.econbiz.de/10005118599

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