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Real Options Effects on Employment: Does Exchange Rate Uncertainty Matter for Aggregation?
Belke, Ansgar; Göcke, Matthias - Institute for the Study of Labor (IZA) - 2004
In a baseline micro model a band of inaction due to hiring- and firing-costs is widened by option value effects of exchange rate uncertainty. Based on this micro foundation an aggregation approach is presented. Under uncertainty, intervals of weak response to exchange rate reversals (called...
Persistent link: https://www.econbiz.de/10005763606
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Labour-Market Institutions and Macroeconomic Shocks
Chen, Yu-Fu; Snower, Dennis; Zoega, Gylfi - Institute for the Study of Labor (IZA) - 2002
Macroeconomic shocks and labour-market institutions jointly determine employment growth and economic performance. The effect of shocks depends on the nature of these institutions and the effect of institutional change depends on the macroeconomic environment. It follows that a given set of...
Persistent link: https://www.econbiz.de/10005763487
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Gender and Competition: Evidence from Jumping Competitions
Böheim, René; Lackner, Mario - Institute for the Study of Labor (IZA) - 2013
We analyze if female athletes differ from male athletes in their competitive behavior, using data from high jump and pole vault competitions. We estimate if female athletes use risky strategies as often as male athletes and whether or not their returns to risky strategies differ. Returns to...
Persistent link: https://www.econbiz.de/10011096075
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Information and Competition Entry
Ewers, Mara - Institute for the Study of Labor (IZA) - 2012
This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … failure, where competition failure occurs when a subject loses the competition because the opponent holds a higher …
Persistent link: https://www.econbiz.de/10011279246
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Traits, Imitation, and Evolutionary Dynamics
Schnedler, Wendelin - Institute for the Study of Labor (IZA) - 2003
In this article, a modelling framework for the information transmission between agents in an evolutionary game setting is proposed. Agents observe traits which reflect past and present behaviour and success of other agents. If agents imitate more successful agents based on these traits, the...
Persistent link: https://www.econbiz.de/10005822056
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Black Sheep and Walls of Silence
Muehlheusser, Gerd; Roider, Andreas - Institute for the Study of Labor (IZA) - 2004
In this paper we analyze the frequently observed phenomenon that (i) some members of a team ("black sheep") exhibit behavior disliked by other (honest) team members, who (ii) nevertheless refrain from reporting such misbehavior to the authorities (they set up a "wall of silence"). Much cited...
Persistent link: https://www.econbiz.de/10005822967
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Chicken or Checkin'? Rational Learning in Repeated Chess Games
Gerdes, Christer; Gränsmark, Patrik; Rosholm, Michael - Institute for the Study of Labor (IZA) - 2011
We examine rational learning among expert chess players and how they update their beliefs in repeated games with the same opponent. We present a model that explains how equilibrium play is affected when players change their choice of strategy when receiving additional information from each...
Persistent link: https://www.econbiz.de/10009225763
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Gender Differences in Cooperation: Experimental Evidence on High School Students
Molina, José Alberto; Gimenez-Nadal, J. Ignacio; … - Institute for the Study of Labor (IZA) - 2013
Charles Darwin (1874) stated that "women are less selfish but men are more competitive". Very recent papers (Eckel & Grossman, 1998, 2001 or Andreoni and Vesterlund 2001, among others) have shown the relevance of gender in altruism in both ultimatum and dictator games. In this paper we analyze...
Persistent link: https://www.econbiz.de/10011128028
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Strategic Incomplete Contracts: Theory and Experiments
Erkal, Nisvan; Wu, Steven Y.; Roe, Brian E. - Institute for the Study of Labor (IZA) - 2014
We develop a model of strategic contractual incompleteness that identifies conditions under which principals might omit even costlessly verifiable terms. We then use experiments to test comparative statics predictions of the model. While it is well known that verifiability imperfections can...
Persistent link: https://www.econbiz.de/10011105069
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Higher Intelligence Groups Have Higher Cooperation Rates in the Repeated Prisoner's Dilemma
Proto, Eugenio; Rustichini, Aldo; Sofianos, Andis - Institute for the Study of Labor (IZA) - 2014
Intelligence affects social outcomes of groups. A systematic study of the link is provided in an experiment where two groups of subjects with different levels of intelligence, but otherwise similar, play a repeated prisoner's dilemma. The initial cooperation rates are similar, it increases in...
Persistent link: https://www.econbiz.de/10010959526