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experimentally the effects of discounting differentials in infinitely repeated coordination games. In our data, differential discount …. Introducing even small discounting differentials reduces coordination failures significantly. Second, with pronounced discounting …
Persistent link: https://www.econbiz.de/10014287389
important features of the data they possess. We conduct a field experiment with seaweed farmers to test a model of "learning …
Persistent link: https://www.econbiz.de/10012460258
literature is that market experience is endogenous. This study presents a framed field experiment that exogenously induces market …
Persistent link: https://www.econbiz.de/10012461749
magnitude-dependent discounting with time distortion …
Persistent link: https://www.econbiz.de/10012457571
. We conclude that heuristic models explain time-money tradeoff choices in experiments better than utility discounting …, which can account for many of the known intertemporal choice anomalies, to discounting models. We conduct an out …-of-sample, cross-validated comparison of intertemporal choice models. Heuristic models outperform traditional utility discounting …
Persistent link: https://www.econbiz.de/10012457718
.Information provision via R&Rs has no significant effects on staff-child ratios. These findings are generally consistent with search theory …
Persistent link: https://www.econbiz.de/10012472309
This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the...
Persistent link: https://www.econbiz.de/10012456430
We study the optimal provision of insurance against unobservable idiosyncratic shocks in a setting in which a benevolent government cannot commit. A continuum of agents and the government play an infinitely repeated game. Actions of the government are constrained only by the threat of reverting...
Persistent link: https://www.econbiz.de/10012458032
We provide a new model that generates persistent performance differences amongst seemingly similar enterprises. Our model provides a mechanism whereby efficient incumbent rivals can give permission for an inefficient firm to exist in the presence of efficient entrants. We demonstrate that, in a...
Persistent link: https://www.econbiz.de/10012458155
it is detected. We propose a theory of "equilibrium price cutting and business stealing" in cartels to bridge this gap … between theory and observation …
Persistent link: https://www.econbiz.de/10012458671