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Persistent link: https://www.econbiz.de/10011091223
management strategy are discussed …
Persistent link: https://www.econbiz.de/10011092464
Persistent link: https://www.econbiz.de/10011091491
We report on a series of experiments that examine bidding behavior in first-price sealed bid auctions with symmetric and asymmetric bidders.To study the extent of strategic behavior, we use an experimental design that elicits bidders complete bid functions in each round (auction) of the...
Persistent link: https://www.econbiz.de/10011091613
People who understand self-control problems can devise mechanisms to overcome them.In this paper, we discuss how relationships can help individuals overcome their selfcontrol problems by creating a tradeoff between desired present procrastination and undesired future procrastination.Threatening...
Persistent link: https://www.econbiz.de/10011092398
This paper introduces the notion of protective equilibrium in the context of fin ite games in strategic form.It shows that for matrix games the set of protective equilibria equals the set of proper equilibria.Moreover, in the context of bima trix games, the notion of protective behaviour is used...
Persistent link: https://www.econbiz.de/10011092655
may make the lending altogether unprofitable. Second, banks can have an incentive to offer a debt contract and additional … equity contracts to intermediate debtors. This combination, however, is in turn dominated by a simple debt contract that is … to avoid the contract with the highest chance of delivery: that contract attracts all bad entrepreneurs. …
Persistent link: https://www.econbiz.de/10011092395
We provide an up-to-date overview of the literature on the desirabil- ity of central bank transparency from an economic viewpoint. Since the move towards more transparency, a lot of research on its e¤ects has been carried out. First, we show how the theoretical literature has evolved, by...
Persistent link: https://www.econbiz.de/10011090505
Abstract This paper selectively surveys some of the more prominent laboratory experimental studies on asset market behavior. The strands of literature considered are market microstructure, pari-mutuel betting markets, characteristics of participants, the effect of information release, and...
Persistent link: https://www.econbiz.de/10011090526
of a Dutch household survey on the European Central Bank’s transparency. To benefit from higher trans- parency …
Persistent link: https://www.econbiz.de/10011090597