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In many models of interdependent preferences the payoffs have not only personal value but also enter the social part of the utility. This duality creates a problem of distinguishing what influences the choice more: consumption or social concerns. To identify what drives the behavior it is...
Persistent link: https://www.econbiz.de/10005620020
In this paper we identify how changes in the income tax rate affect the labour supply under interdependent utility functions. To reach that aim we create a model of the economy in which households choosing their optimal labour supply take into account not only their income, tax rate and...
Persistent link: https://www.econbiz.de/10005620099
With the current growth in broadband penetration, Internet is likely to be the data collection mode of choice for … survey mode may influence data quality and welfare estimates. In a controlled field experiment as part of a large national CV … panel of respondents, either to an Internet or in-person interview mode. Our design is better able than previous mode …
Persistent link: https://www.econbiz.de/10005835704
the relation between all the variables. The mean, quantile (including median) and mode re-gression estimators are proposed … inhomogeneity. These include the computational inconveniences of the standard quantile and mode regression techniques. The proposed …
Persistent link: https://www.econbiz.de/10008622247
other types of problems, like possible non-coherent solutions (and forecasts). In this paper we propose the use of the mode …
Persistent link: https://www.econbiz.de/10008636535
This paper proposes a novel explanation for the context dependency of individual choices in two-player games. Context dependency refers to the well-established phenomenon that a player, when choosing from a given opportunity set created by the other player’s strategy, chooses differently in...
Persistent link: https://www.econbiz.de/10011210866
In this paper, we develop a game theoretic model for cooperative advertising in a supply chain consisting of a monopolistic manufacturer selling its product to the consumer only through competing duopolistic retailers. We consider a new form of the demand function which is an additive form. The...
Persistent link: https://www.econbiz.de/10011220301
Exploration is a costly activity that helps a business improve their understanding of a potential mineral deposit. Yet, even with strong exploration results, the business faces uncertainty over the value of the mine. I model this situation as a game of chance. The game starts by giving an agent...
Persistent link: https://www.econbiz.de/10011274395
Entry of new firms can be difficult or even impossible at capacity constrained facilities, despite the actual cost of entering is low. Using a game theoretic model of incumbent firms’ pricing behaviour under these conditions, it is found that under the assumption of Bertrand competition and...
Persistent link: https://www.econbiz.de/10011258735
The application of game theory and cognitive economy to analyze the problem of undesired location - The analysts of the processes of public bodies decision - taking have long been discussing on the establishment of proper strategies to manage "environmental conflicts" - above all the so-called...
Persistent link: https://www.econbiz.de/10011258906