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On the Sensitivity of Collective Action to Uncertainty about Climate Tipping Points

Barrett, Scott; Dannenberg, Astrid - 2014

Previous research shows that collective action to avoid a catastrophic threshold, such as a climate "tipping point," is unaffected by uncertainty about the impact of crossing the threshold but that collective action collapses if the location of the threshold is uncertain. Theory suggests that...

Persistent link: https://www.econbiz.de/10010333405

Speculative attacks: a laboratory study in continuous time

Cheung, Yin-Wong; Friedman, Daniel - 2008

We examine speculative attacks in a controlled laboratory environment featuring continuous time, size asymmetries, and varying amounts of public information. Attacks succeeded in 233 of 344 possible cases. When speculators have symmetric size and access to information: (a) weaker fundamentals...

Persistent link: https://www.econbiz.de/10010264454

Viable Nash Equilibria: An Experiment

Kim, Duk Gyoo; Min, Daehong; Wooders, John - 2022

This paper examines the usefulness of Kalai (2020)'s measure of the viability of Nash equilibrium. We experimentally study a class of participation games, which differ in the number of players, the success threshold, and the payoff to not participating. We find that Kalai's measure captures well...

Persistent link: https://www.econbiz.de/10013427699

Interpreting how others interpret it: Social value of public information

Gizatulina, Alia - 2012

This paper studies the social value of public information in environments without common knowledge of data-generating process. We show that the stronger is the coordination motive behind agents behaviour, the more they would like to interpret private or public signals in the way that they...

Persistent link: https://www.econbiz.de/10010281863

Evolution of Individual Preferences and Persistence of Family Rules

Cigno, Alessandro; Gioffré, Alessandro; Luporini, Annalisa - 2020

preference evolution? We show that it is in a couple's common interest to obey a rule requiring them to give speciﬁed amounts of …

Persistent link: https://www.econbiz.de/10012314863

Gravity at Sixty: The Workhorse Model of Trade

Yotov, Yoto V. - 2022

usefulness for counterfactual projections. The objective of this paper is to offer a historical overview of its evolution from an …

Persistent link: https://www.econbiz.de/10013177618

Norms and the Evolution of Leaders' Followership

Cabrales, Antonio; Hauk, Esther - 2022

leads to clustering, is crucial for the survival of the Pareto dominant actions. The evolution of leader and crowd …

Persistent link: https://www.econbiz.de/10013353457

Rules, Preferences and Evolution from the Family Angle

Cigno, Alessandro - 2021

This paper reviews the literature concerning the evolution of cultural traits in general and preferences in particular … effectively the clone of an existing one (either a parent or anyone else), there may be evolution only in the demographic sense … that the share of the population who hold a certain trait increases or decreases. Evolution in the strict sense of new …

Persistent link: https://www.econbiz.de/10012657932

The Agricultural Origins of Time Preference

Galor, Oded; Özak, Ömer - 2015

This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically that geographical variations in the natural return to agricultural investment have had a persistent effect on the distribution of time preference...

Persistent link: https://www.econbiz.de/10010480902

Physiological Constraints and Comparative Economic Development

Dalgaard, Carl-Johan; Strulik, Holger - 2017

It is a well known fact that economic development and distance to the equator are positively correlated variables in the world today. It is perhaps less well known that as recently as 1500 C.E. it was the other way around. The present paper provides a theory of why the “latitude gradient”...

Persistent link: https://www.econbiz.de/10011794133