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Inequity aversion and limited foresight in the repeated prisoner's dilemma
Backhaus, Teresa; Breitmoser, Yves - 2021
Reanalyzing 12 experiments on the repeated prisoner's dilemma (PD), we robustly observe three distinct subject types: defectors, cautious cooperators and strong cooperators. The strategies used by these types are surprisingly stable across experiments and uncorrelated with treatment parameters,...
Persistent link: https://www.econbiz.de/10012617057
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God does not play dice, but do we? : on the determinism of choice in long-run interactions
Backhaus, Teresa; Breitmoser, Yves - 2018
When do we cooperate and why? This question concerns one of the most persistent divides between "theory and practice …", between predictions from game theory and results from experimental studies. For about 15 years, theoretical analyses predict … predicted by theory. …
Persistent link: https://www.econbiz.de/10011902714
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Signals sell : product lines when consumers differ both in taste for quality and image concern
Friedrichsen, Jana - 2018
This paper analyzes optimal product lines when consumers differ both in their taste for quality and in their desire for social image. The market outcome features partial pooling and product differentiation that is not driven by heterogeneous valuations for quality but by image concerns. A...
Persistent link: https://www.econbiz.de/10011899163
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Behavioral implementation without unanimity
Korpela, Ville; Lombardi, Michele; Zachariassen, Julius - 2024
Behavioral implementation studies implementation when agents' choices need not be rational. All existing papers of this literature, however, fail to handle a large class of choice behaviors because they rely on a well-known condition called Unanimity. This condition says, roughly speaking, that...
Persistent link: https://www.econbiz.de/10014465032
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Politically feasible reforms of non-linear tax systems
Bierbrauer, Felix; Boyer, Pierre C.; Peichl, Andreas - 2020
We study reforms of non-linear income tax systems from a political economy perspective. We present a median voter theorem for monotonic tax reforms, reforms so that the change in the tax burden is a monotonic function of income. We also provide an empirical analysis of tax reforms, with a focus...
Persistent link: https://www.econbiz.de/10012237204
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The taxation of couples
Bierbrauer, Felix; Boyer, Pierre C.; Peichl, Andreas; … - 2023
Are reforms towards individual taxation politically feasible? Are they desirable from a welfare perspective? We develop a method to answer such questions and apply it to the US federal income tax since the 1960s. Main findings are: As of today, Pareto-improvements require a move away from joint...
Persistent link: https://www.econbiz.de/10014481058
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Cournot meets Bayes-Nash : a discontinuity in behavior in finitely repeated duopoly games
Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2023
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our treatments include markets with (a) complete cost symmetry and complete information, (b) slight cost asymmetry and complete information, and (c) varying cost asymmetries and...
Persistent link: https://www.econbiz.de/10014487322
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Price competition and reputation in markets for experience goods : an experimental study
Huck, Steffen; Lünser, Gabriele K.; Tyran, Jean-Robert - 2015 - September 2013, revised March 2015
attention to reputation for quality. This provides empirical support to recent models in behavioral industrial organization that …
Persistent link: https://www.econbiz.de/10010498486
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Price competition and reputation in markets for experience goods : an experimental study
Huck, Steffen; Lünser, Gabriele K.; Tyran, Jean-Robert - 2013
attention to reputation for quality. This provides empirical support to recent models in behavioral IO that assume that … eine Reputation für die Qualität ihrer Produkte erwerben können ('experience goods'). Dabei vergleichen wir den … endogen ergeben, mindert Preiswettbewerb die Effizienz, da die Konsumenten der Reputation der Verkäufer hinsichtlich der …
Persistent link: https://www.econbiz.de/10010188722
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Intertemporal hedging and trade in repeated games with recursive utility
Kochov, Asen; Song, Yangwei - 2022
Recursive preferences have found widespread application in representative-agent asset-pricing models and general equilibrium. A majority of these applications exploit two decision-theoretic properties not shared by the standard model of intertemporal choice: (i) agents care about the...
Persistent link: https://www.econbiz.de/10014476731