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Gains and Losses of India-China Trade Cooperation – a Gravity Model Impact Analysis

Bhattacharya, Swapan K.; Bhattacharyay, Biswanath - CESifo - 2007

As revealed by the trade intensity indices, India and the People’s Republic of China have significant bilateral trade potential, which remains unexplored until now. These countries are presently negotiating for free trade arrangements among them based on their complementarities. This paper...

Persistent link: https://www.econbiz.de/10005181626

Who Should Pay for Certification?

Stahl, Konrad O.; Strausz, Roland - CESifo - 2011

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification … maximizes the certifier’s profit and social welfare. This suggests the general principle that certification is, and should be …

Persistent link: https://www.econbiz.de/10008853867

The Role of Standards in Eco-innovation: Lessons for Policymakers

Vollebergh, Herman R. J.; Werf, Edwin van der - CESifo - 2013

This paper aims to help policy makers identify how standards can contribute to the effective and cost … discuss what standards are, how the process of standardization works, and how standards are related to induced innovation and …-saving technologies. This broad perspective enables us to identify interesting economic dimensions of standards, such as their …

Persistent link: https://www.econbiz.de/10010667411

A Test of the Law of Demand in a Virtual World : Exploring the Petri Dish Approach to Social Science

Castronova, Edward - 2008

behavior in such environments is in any way quot;normalquot;. Our world, quot;Ardenquot;, was designed to test whether players …

Persistent link: https://www.econbiz.de/10012770843

Imitation and the Evolution of Walrasian Behavior : Theoretically Fragile but Behaviorally Robust

Apesteguia, Jose - 2008

A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper, we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian...

Persistent link: https://www.econbiz.de/10012772613

The Dynamic Interplay of Inequality and Trust - An Experimental Study

Greiner, Ben - 2008

We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with equal endowments, but decreases over time. In a...

Persistent link: https://www.econbiz.de/10012773325

Cross-Racial Envy and Underinvestment in South Africa

Haile, Daniel - 2006

Trust games are employed to investigate the effect of heterogeneity in income and race on cooperation in South Africa. The amount of socio-economic information available to the subjects about their counterparts is varied. No significant behavioural differences are observed, when no such...

Persistent link: https://www.econbiz.de/10012780561

How Social Reputation Networks Interact with Competition in Anonymous Online Trading : An Experimental Study

Bolton, Gary E. - 2014

Many Internet markets rely on quot;feedback systemsquot;, essentially social networks of reputation, to facilitate trust and trustworthiness in anonymous transactions. Market competition creates incentives that arguably may enhance or curb the effectiveness of these systems. We investigate how...

Persistent link: https://www.econbiz.de/10012751561

The Effect of Benefits Level on Take-Up Rates : Evidence from a Natural Experiment

Dahan, Momi - 2013

This paper exploits a quasi-natural experiment to study the effect of social benefits level on take-up rates. We find that households who are eligible for double benefits (twins) have much higher take-up rate - up to double - as compared to a control group of households. Our estimated effect of...

Persistent link: https://www.econbiz.de/10012754036

Information Frictions and Market Power : A Laboratory Study

Bayona, Anna - 2020

In a laboratory experiment with supply function competition and private information about correlated costs we study whether cost interdependence leads to greater market power in relation to when costs are uncorrelated in the ways predicted by Bayesian supply function equilibrium. We find that...

Persistent link: https://www.econbiz.de/10012855218