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Multimarket linkages, cartel discipline and trade costs

Agnosteva, Delina; Syropoulos, Constantinos; Yotov, Yoto V. - 2017

We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....

Persistent link: https://www.econbiz.de/10011781965

Associative memory and belief formation

Enke, Benjamin; Schwerter, Frederik; Zimmermann, Florian - 2019

This paper experimentally studies the role of associative memory for belief formation. Realworld information signals are often embedded in memorable contexts. Thus, today’s news, and the contexts they are embedded in, may cue the selective retrieval of similar past news and hence contribute to...

Persistent link: https://www.econbiz.de/10012118551

A survey on bilevel optimization under uncertainty

Beck, Yasmine; Ljubić, Ivana; Schmidt, Martin - In: European journal of operational research : EJOR 311 (2023) 2, pp. 401-426

Persistent link: https://www.econbiz.de/10014336539

Subjective well-being and public policy

Odermatt, Reto; Stutzer, Alois - 2017

Measures of subjective well-being have gained substantial attention in economics as quantitative approximations of individual welfare. They allow researchers to study relevant determinants of welfare on an individual as well as on a societal level. These determinants might not to be easily...

Persistent link: https://www.econbiz.de/10011743539

Cognitive skills, strategic sophistication, and life outcomes

Fe, Eduardo; Gill, David; Prowse, Victoria - 2020

emphasize the importance of childhood theory-of-mind as a cognitive skill. We collected experimental data from more than seven … hundred children in a variety of strategic interactions. First, we find that theory-of-mind ability and cognitive ability both … provides support for the emergence of a sophisticated strategic theory-of-mind. Third, theory-of-mind and age strongly predict …

Persistent link: https://www.econbiz.de/10012322040

Econometric explorations on bounded rationality : the case of job changing behavior

Contini, Bruno (contributor); Morini, Matteo (contributor) - 2007

"In this paper we question the hypothesis of full rationality in the context of job changing behavior, via simple econometric explorations on microdata drawn from WHIP (Worker Histories Italian Panel). A rational outcome of the job matching process implies a positive tradeoff between future...