Showing 1 - 10 of 58
Numerous studies suggest that communication may be a universal means to mitigate collective action problems. In this study, we challenge this view and show that the communication structure crucially determines whether communication mitigates or intensifies the problem of collective action. We...
Persistent link: https://www.econbiz.de/10008675292
The key element of models of contest is the Contest Success Function (CSF) which specifies the winning probabilities of agents. We provide an axiomatization of two parametric families of CSF’s. In the first, the winning probability of each agent depends on the investments and a vector of...
Persistent link: https://www.econbiz.de/10004970277
The key element of models of contest is the Contest Success Function (CSF) which specifies the winning probabilities of agents. The existing axiomatizations of CSFs assume that contestants can make only one type of investment. This paper generalizes these axiomatizations to the case where each...
Persistent link: https://www.econbiz.de/10005090488
Anecdotal evidence suggests that journalists and bureaucrats in some countries are killed when they try to blow the whistle on corruption. We demonstrate in a simple game-theoretical model how murders can serve as an enforcement mechanism of corrupt deals under certain regime assumptions....
Persistent link: https://www.econbiz.de/10008861933
Policy interest since the early 1980s has focused in different ways on the creation of a large, productive, taxable economy - in which entrepreneurship plays a role for employment, income growth and innovation. The current understanding of various forms of entrepreneurship remains incomplete,...
Persistent link: https://www.econbiz.de/10005051051
Es besteht empirische Evidenz, dass reale Spieler weitaus mehr Vertrauen und Vertrauenswürdigkeit entwickeln als es nach den Voraussagen der klassischen Spieltheorie rational ist. Das Papier skizziert den Indirekt Evolutionären Ansatz zur Erklärung der Entstehung von Vertrauen nach Güth und...
Persistent link: https://www.econbiz.de/10005739728
While considerable concern has emerged about the impact of religion on economic development, little is actually known … about how religion impacts the decision making of individuals. This paper examines the influence of religion on the decision … paper finds that religion shapes the entrepreneurial decision. In particular, some religions, such as Islam and Christianity …
Persistent link: https://www.econbiz.de/10005090454
In this paper we discuss the effects of cultural - and particular religious - factors on tourist flows into the USA as the world largest tourism destination. To estimate this empirically we run an augmented gravity equation. Our results give evidence that the gravity equation is an adequate...
Persistent link: https://www.econbiz.de/10005090600
Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...
Persistent link: https://www.econbiz.de/10008511322
The question whether a minimum rate of sick pay should be mandated is much debated. We study the effects of this kind of intervention in an experimental labor market that is rich enough to allow for moral hazard, adverse selection, and crowding out of good intentions to occur. We find that...
Persistent link: https://www.econbiz.de/10008512519