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Alonso, Ricardo; Rantakari, Heikki - London School of Economics (LSE) - 2014

We analyze a class of sender-receiver games with quadratic payoffs, which includes the communication games in Alonso … players have access to arbitrary, mediated communication protocols is attained in one-round of face-to-face, unmediated cheap … talk. This result is based on the existence for these games of a communication equilibrium with an infinite number of …

Persistent link: https://www.econbiz.de/10011126096

Do bad risks know it? Experimental evidence on optimism and adverse selection

Coelho, Marta; de Meza, David - London School of Economics (LSE) - 2012

Subjects who overestimate their performance in experimental tasks unrelated to travel are less willing to insure against failing in the task and also less inclined to buy travel insurance. This suggests intrinsic optimism influences insurance demand and diminishes adverse selection

Persistent link: https://www.econbiz.de/10011128051

The optimal consumption function in a Brownian model of accumulation. Part a: the consumption function as solution of a boundary value problem

Foldes, Lucien - London School of Economics (LSE) - 1996

Persistent link: https://www.econbiz.de/10010745818

The optimal consumption function in a Brownian model of accumulation. Part b: existence of solutions of boundary value problems

Foldes, Lucien - London School of Economics (LSE) - 1996

Persistent link: https://www.econbiz.de/10010746297

Does relative income matter? Are the critics right?

Layard, Richard; Mayraz, Guy; Nickell, Stephen - London School of Economics (LSE) - 2009

Do other peoples’ incomes reduce the happiness which people in advanced countries experience from any given income? And does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many decades? The answer to both questions is ‘Yes’....

Persistent link: https://www.econbiz.de/10011071479

The optimal consumption function in a Brownian model of accumulation part b: existence of solutions of boundary value problems

Foldes, Lucien - London School of Economics (LSE) - 2014

In Part A of the present study, subtitled 'The Consumption Function as Solution of a Boundary Value Problem' Discussion Paper No. TE/96/297, STICERD, London School of Economics, we formulated a Brownian model of accumulation and derived sufficient conditions for optimality of a plan generated by...

Persistent link: https://www.econbiz.de/10011170087

Martingale conditions for optimal saving: discrete time

Foldes, Lucien - London School of Economics (LSE) - 1978

Necessary and sufficient conditions are derived for optimal saving in a stochastic neo-classical one-good world with discrete time. The usual technique of dynamic programming is replaced by classical variational and concavity arguments, modified to take account of conditions of measurability...

Persistent link: https://www.econbiz.de/10010928732

Matching demand and supply in a weightless economy : market-driven creativity with and without IPRs

Quah, Danny - London School of Economics (LSE) - 2002

Many cultural products have the same nonrival nature as scientific knowledge. They therefore face identical difficulties in creation and dissemination. One traditional view says market failure is endemic: societies tolerate monopolistic inefficiency in intellectual property (IP) protection to...

Persistent link: https://www.econbiz.de/10010884530

Like ripples on a pond: behavioral spillovers and their implications for research and policy

Dolan, Paul; Galizzi, Matteo M. - London School of Economics (LSE) - 2015

No behavior sits in a vacuum, and one behavior can greatly affect what happens next. We propose a conceptual frame within which a broad range of behavioral spillovers can be accounted for when applying behavioral science to policy challenges. We consider behaviors which take place sequentially...

Persistent link: https://www.econbiz.de/10011150276

Regulated and non-regulated companies, technology adoption in experimental markets for emission permits, and options contracts

Chesney, Marc; Taschini, Luca; Wang, Mei - London School of Economics (LSE) - 2011

This paper examines the investment strategies of regulated companies in abatement technologies, market participants' trading behaviors, and the liquidity level in an inter-temporal cap{and{trade market using laboratory experiments. The experimental analysis is performed under varying market...

Persistent link: https://www.econbiz.de/10010745458