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Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10005008036
An experimental approach is used to examine the performance of three different multi-unit auction designs: discriminatory, uniform-price with fixed supply, and uniform-price with endogenous supply. We find that the strategies of the individual bidders and the aggregate demand curves are...
Persistent link: https://www.econbiz.de/10005423057
We show that the distinction between Self and Other, ‘us’ and ‘them,’ or in-group and out-group, affects significantly economic and social behavior. In a series of experiments with approximately 200 Midwestern students as our subjects, we found that they favor those who are similar to...
Persistent link: https://www.econbiz.de/10005423088
We evaluate the effectiveness of non optimal and temporally inconsistent incentive policies for regulating the exploitation of a renewable common-pool resource. The corresponding game is an N-person discrete-time deterministic dynamic game of T periods fixed duration. Three policy instruments...
Persistent link: https://www.econbiz.de/10005230898
determinants of environmental policies’ stringency, and show that differences in corruption levels are more important as … explanatory factor when compared to income differentials. Since high levels of corruption characterize some countries in the …
Persistent link: https://www.econbiz.de/10005385400
potential scope for rent seeking and corruption. The insights of a model of political influence by interest groups are tested …
Persistent link: https://www.econbiz.de/10009320990
corrupt economies in resource-rich countries. An empirical analysis of available corruption indices suggests that instability …-led looting provides a more fundamental explanation of perceived corruption than do various social and cultural indicators or the …
Persistent link: https://www.econbiz.de/10010833900
With complementary Chinese data sets and alternative corruption measures, we explore the consequences of corruption …. Adopting a novel approach we provide evidence that corruption can have both, positive and negative effects, on economic … development. The overall impact of corruption might be the balance of the two simultaneous effects within a specific institutional …
Persistent link: https://www.econbiz.de/10008465524
In this study we explore in detail the causes of corruption in China using two different sets of data at the regional … level (provinces and cities). We observe that regions with more anti-corruption efforts, histories of British rule, higher … heterogeneity, regulation, abundance of resource and state-owned enterprises substantially breed regional corruption. Moreover …
Persistent link: https://www.econbiz.de/10008465545
Deforestation in the North western part of Pakistan is a long standing problem. The Forestry Department, as formal managers of the forest resources, has been undergoing a long reform process aimed at improving its performance. This reform process has not resulted in less deforestation. From the...
Persistent link: https://www.econbiz.de/10004990035