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theory. Experimental industrial organization therefore faces a problem: How can firms be brought into the laboratory? The … main approach relies on framing: Call individuals firms! This experimental approach is not in line with modern industrial … Stackelberg experiment is considered in order to answer the question whether framing individual decision making as organizational …
Persistent link: https://www.econbiz.de/10010956088
In order to understand from where the profits or monetary profits of capitalists and firms emerge the author examined the phrase of Marx, 'Die Gesamtklasse der Kapitalisten kann nichts aus der Zirkulation herausziehen, was nicht vorher hineingeworfen war.' (The class of capitalists cannot...
Persistent link: https://www.econbiz.de/10010956050
authors present a laboratory experiment in which they model the choice of different alternatives through high or low cognitive …
Persistent link: https://www.econbiz.de/10010956080
separates economic incentives from social (context) effects. It is argued that such a perspective makes it easier to analyse …
Persistent link: https://www.econbiz.de/10010960598
Following Driscoll and Holden (2004), I model forward-looking workers who consider it unfair if a wage adjustment fails to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the measure of workers' opportunities outside the firm rather...
Persistent link: https://www.econbiz.de/10010956041
why an important driving force of mercantilistically motivated trade negotiations has become weaker, the reciprocity …
Persistent link: https://www.econbiz.de/10005034302
the lab — here the amount sent in a trust game (Berg, Dickaut, McCabe, 1995). As it turns out, the measures themselves are …)experiments. Moreover, with respect to behaviour in the trust game, we find a high re-test stability of transfers (? = .70). This further …
Persistent link: https://www.econbiz.de/10010886955
Corruption has fierce impacts on economic and societal development and is subject to a vast range of institutional …, jurisdictional, societal and economic conditions. Research indicates that corruption's predominantly negative effects have arisen to … impairing everybody's life. This paper provides a comprehensive state-of-the-art survey of existing literature on corruption and …
Persistent link: https://www.econbiz.de/10010956101
There is a growing evidence that political corruption is often closely associated with the rent seeking activities of … groups and the incidence of political corruption and determines whether electoral competition can eliminate political … corruption. We obtain some striking results. Greater electoral competition serves to lessen policy distortions. However, this in …
Persistent link: https://www.econbiz.de/10005083388
The paper uses a gravity model to examine the role of corruption in the direction of trade in a data set comprising … membership of the RTAs does not always increase bilateral trade whereas reducing a country's corruption does tend to increase … trade flows. The results suggest that EU membership, with the associated improvement in the perceived level of corruption …
Persistent link: https://www.econbiz.de/10009385873