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bargaining outcomes. It develops and tests Kuhn and Gu's model (1999) of learning in sequential wage negotiations, by means of …
Persistent link: https://www.econbiz.de/10008789484
stability under learning whenever agents try to estimate both the law of motion of the state variable and the stationary state …
Persistent link: https://www.econbiz.de/10010898552
dynamics, and its local stability in dynamics arising from econometric learning procedures. Attention is focused on linear … in the perfect foresight dynamics on the levels of the state variable, and its stability under learning. The paper … stability under learning provided that a simple sign condition is satisfied. …
Persistent link: https://www.econbiz.de/10010899082
neighbour sunspot trajectories, and convergence of " evolutive " and " eductive " learning processes. It examines, within a set …
Persistent link: https://www.econbiz.de/10010570519
market. We find that the existence of bonus contracts does not increase the likelihood of bubbles but it affects their …
Persistent link: https://www.econbiz.de/10010821481
during the experiment to test subjects' understanding of relationships between distribution of votes and voting power. The …
Persistent link: https://www.econbiz.de/10008794066
success of a risky project depends on the participation of a minimum number of investors. The experiment is set up as a …
Persistent link: https://www.econbiz.de/10010930171
that comparisons are more ordinal than cardinal. Their experiment also reveals that comparisons over time affect effort …
Persistent link: https://www.econbiz.de/10009651415
success of a risky project depends on the participation of a minimum number of investors. The experiment is set up as a …
Persistent link: https://www.econbiz.de/10009211245
Competition among producers within an integrated electricity system is impeded by any limited transmission capacity there may be at its borders. Two alternative market mechanisms have recently been designed to organize the allocation of scarce transmission capacity at cross-border level: (i) the...
Persistent link: https://www.econbiz.de/10009278343