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increases. The experiment also points to new avenues for refining the theory. We find that, as the payoff of a successful …
Persistent link: https://www.econbiz.de/10012457730
due to the public good nature of pollution abatement. The theory of international environmental agreements (IEAs) in … century. The problem is that theory suggests fairly low (even zero) levels of contribution to a public good and high levels of …
Persistent link: https://www.econbiz.de/10012458462
Do the parties in a typical dispute face incentives similar to those in the classic prisoner's dilemma game? In this paper, we explore whether the costs and benefits of legal representation are such that each party seeks legal representation in the hope of exploiting the other party, while...
Persistent link: https://www.econbiz.de/10012459828
This paper examines experiments on interdependent security prisoner's dilemma games with repeated play. By utilizing a Bayesian hierarchical model, we examine how subjects make investment decisions as a function of their previous experience and their treatment condition. Our main findings are...
Persistent link: https://www.econbiz.de/10012465365
This study examines data drawn from the game show Friend or Foe?, which is similar to the classic prisoner's dilemma tale: partnerships are endogenously determined, players work together to earn money, after which, they play a one-shot prisoner's dilemma game over large stakes: varying from $200...
Persistent link: https://www.econbiz.de/10012466571
The goal of this paper is to explore the possibility that the costs and benefits of legal representation are structured so that each individual party seeks legal representation in the hope of exploiting the other party, while knowing full well that failing to do so will open up the possibility...
Persistent link: https://www.econbiz.de/10012474499
market power. Multiple precision medicine market situations now resemble game theory constructs such as the prisoners …
Persistent link: https://www.econbiz.de/10012453693
We analyze the financial performance of a hypothetical portfolio of 120 mRNA vaccine candidates in the preclinical stage targeting 11 emerging infectious diseases. We calibrate the simulation parameters with input from domain experts in mRNA technology and an extensive literature review. We find...
Persistent link: https://www.econbiz.de/10013334345
Just and efficient allocations of charity have attracted much academic and media attention. The sources of inefficiency and unjust are important to understand yet understudied. Our study aims to fill this void by directly modelling the victims' market in a collective reputation framework. By...
Persistent link: https://www.econbiz.de/10015194973
The life-cycle accounts proposal for Social Security reform has been justified by its proponents using a number of different arguments, but these arguments generally involve the assumption of a high likelihood of good returns on the accounts. A simulation is undertaken to estimate the...
Persistent link: https://www.econbiz.de/10012467384