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Rationality in economics : theory and evidence
Dhami, Sanjit S.; Al-Nowaihi, Ali - 2018
We examine the various senses in which economist use the term "rationality" and then outline some of the commonly drawn implications and auxiliary assumptions. Finally, we confront the implications with the empirical evidence, drawing on the insights from the exciting new field of behavioral...
Persistent link: https://www.econbiz.de/10011793877
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The attack and defense of weakest-link networks
Kovenock, Daniel J.; Roberson, Brian; Sheremeta, Roman M. - 2010
This paper experimentally examines behavior in a two-player game of attack and defense of a weakest-link network of …
Persistent link: https://www.econbiz.de/10008697819
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Contagion in stable networks
Bougheas, Spiros P. - 2017
that the completely connected network is stable, although, its exact structure, and thus contagion implications, is …
Persistent link: https://www.econbiz.de/10011735929
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Network formation and heterogeneous risks
Cabrales, Antonio; Gottardi, Piero - 2024
financial network where good firms enjoy direct and indirect benefits from linking with one another. Bad risks benefit from …
Persistent link: https://www.econbiz.de/10014534063
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A psychological game with interdependent preference types
Amegashie, J. Atsu (contributor) - 2006
Persistent link: https://www.econbiz.de/10003379818
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Intention-based fairness preferences in two-player contests
Hoffmann, Magnus; Kolmar, Martin - 2013
We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...
Persistent link: https://www.econbiz.de/10009702885
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A fairness justification of utilitarianism
Piacquadio, Paolo G. - 2016
Differences in preferences are important to explain variation in individuals' behavior. There is however no consensus on how to take these differences into account when evaluating policies. While prominent in the economic literature, the standard utilitarian criterion faces two major...
Persistent link: https://www.econbiz.de/10011434634
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A simple model of buyer-seller networks in international trade
Herkenhoff, Philipp; Krautheim, Sebastian; Sauré, Philip - 2021
The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network …
Persistent link: https://www.econbiz.de/10012534686
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Hierarchical structure in Brazilian industrial firms : an econometric study
Façanha, Luis Otávio (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003497617
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Simultaneous search and network efficiency
Gautier, Pieter; Holzner, Christian - 2011
When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other … workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects … network clearing). We show that those frictions and the wage mechanism are in general not independent. Equilibria that exhibit …
Persistent link: https://www.econbiz.de/10009239488