Showing 1 - 10 of 1,870
This paper builds a dynamic theory of secessions, conflictual or peaceful, analyzing the forward looking interaction …
Persistent link: https://www.econbiz.de/10012908659
We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...
Persistent link: https://www.econbiz.de/10010274454
We formulate a dynamic game model of trade in an exhaustible resource with a quantity-setting cartel. We compute the feedback Nash equilibrium and two Stackelberg equilibria under two different leadership scenarios: leadership by the strategic importing country, and leadership by the exporting...
Persistent link: https://www.econbiz.de/10010280841
This paper defines the concept of feedback Kant-Nash equilibrium for a discrete-time model of resource exploitation by …
Persistent link: https://www.econbiz.de/10012866318
exploitation of a common property renewable resource is Pareto efficient at every point of time. Secondly, we outline a prototype … model that shows, in an overlapping generation framework, how a community's sense of morality may evolve over time and …
Persistent link: https://www.econbiz.de/10012860769
In this paper we revisit the evidence on the effects of time spent on border-crossing procedures for international … trade using a theory-consistent structural gravity model. We exploit a rich panel data set including domestic trade flows … significant negative effect of the time required for border procedures that is driven by the time needed for document preparation …
Persistent link: https://www.econbiz.de/10012892158
Daylight Saving Time (DST) is currently implemented by more than seventy countries, yet we do not have a clear …-in-differences approach, we find that the Spring DST causes a significant decline in life satisfaction. By inducing a reallocation of time …, the transition into DST deteriorates sleep and increases time stress, which in turn affects physical and emotional health …
Persistent link: https://www.econbiz.de/10013218293
in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities … interaction on search behavior in a pre-registered, theory-based, and well-powered experiment. We find that urgency reduces … earlier when pressured. Anticipated regret does not affect search length (neither with nor without time pressure), while …
Persistent link: https://www.econbiz.de/10013224079
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real-world setting of cognitively-demanding decisions in which the timing of decisions is endogenous: professional chess. Move-by-move data provide exceptionally detailed and precise...
Persistent link: https://www.econbiz.de/10013306854
happiness or other variables are detectable based on response time data without making distributional assumptions. In our survey …
Persistent link: https://www.econbiz.de/10014358107