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Medieval universities, legal institutions, and the commercial revolution

Cantoni, Davide; Yuchtman, Noam - 2013

We present new data documenting medieval Europeś "Commercial Revolution" using information on the establishment of markets in Germany. We use these data to test whether medieval universities played a causal role in expanding economic activity, examining the foundation of Germanyś first...

Persistent link: https://www.econbiz.de/10010199411

Do judges hate speculators?

Hornuf, Lars; Klöhn, Lars - 2018 - This version: November 18, 2018

decision making. We asked 123 professional lawyers and 247 law students in Germany this question, and they clearly predicted … bias. In another sample of 170 professional lawyers, we found weak support for an anti-speculator bias. This evidence … that a communication problem exists between lawyers and non-lawyers (i.e. between judges and the general public), we find …

Persistent link: https://www.econbiz.de/10011936293

A theory of reciprocity

Falk, Armin; Fischbacher, Urs - 2001

This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...

Persistent link: https://www.econbiz.de/10011398368

Appropriating the commons : a theoretical explanation

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - 2001

In this paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...

Persistent link: https://www.econbiz.de/10011398786

Low price equilibrium in multi-unit auctions : the GSM spectrum auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001

The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and market conditions, and provides a theoretical explanation...

Persistent link: https://www.econbiz.de/10011399147

The third generation (UMTS) spectrum auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...

Persistent link: https://www.econbiz.de/10011400807

International environmental agreements with uncertainty, learning and risk aversion

Finus, Michael; Pintassilgo, Pedro; Ulph, Alistair - 2014

This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success of IEA formation when countries are risk neutral and...

Persistent link: https://www.econbiz.de/10010234539

Autonomous vehicles : moral dilemmas and adoption incentives

Feess, Eberhard; Mühlheußer, Gerd - 2022

In unavoidable traffic accidents, autonomous vehicles (AVs) face the dilemma of protecting either the passenger(s) or third parties. Recent studies show that most people prefer AVs following a utilitarian approach by minimizing total harm. At the same time, however, they would adopt an AV only...

Persistent link: https://www.econbiz.de/10013285505

Strict incentives and strategic uncertainty

Carlsson, Hans; Wichardt, Philipp C. - 2019 - This Version: June 10, 2019

This paper proposes a comprehensive perspective on the question of self-enforcing solutions for normal form games. While this question has been widely discussed in the literature, the focus is usually either on strict incentives for players to stay within the proposed solution or on strategic...

Persistent link: https://www.econbiz.de/10012029170

Strategic implications of counter-geoengineering : clash or cooperation

Heyen, Daniel; Horton, Joshua; Moreno Cruz, Juan - 2018

Solar geoengineering has received increasing attention as an option to temporarily stabilize global temperatures. A key concern surrounding these technologies is that heterogeneous preferences over the optimal amount of cooling combined with low deployment costs may allow the country with the...

Persistent link: https://www.econbiz.de/10011884418

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