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coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In … coordination between group members, both leading to lower payoffs. However, these results depend strongly on the group's gender …
Persistent link: https://www.econbiz.de/10012285502
We solve and test experimentally a global-games model of speculative attacks where agents can choose whether to read, at a cost, a payoff irrelevant (sunspot) announcement. Assuming that subjects exogenously believe some others to follow sunspots, we provide conditions for a unique equilibrium...
Persistent link: https://www.econbiz.de/10011976078
at coordinating followers' actions. Two experiments using coordination games investigate whether female leaders are less … successful than males in persuading followers to coordinate on efficient equilibria. In these settings, successful coordination …
Persistent link: https://www.econbiz.de/10014487121
In symmetric binary-choice coordination games, the global-game selection (GGS) has been proven to predict a high …
Persistent link: https://www.econbiz.de/10014476806
This paper derives a three stage Cournot duopoly game for research collaboration, research expenditures and product market competition. The amount of knowledge firms can absorb from other firms is made dependent on their own research efforts, e.g., firms' absorptive capacity is treated as an...
Persistent link: https://www.econbiz.de/10013428320
This paper derives a three stage Cournotoligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10013428414
Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations … possible margin. Because of nonlinearities confidence intervals for the simulation results have to be obtained by means of … stochastic simulations. The main contribution of this paper consists in presenting the simulation results. The robustness of …
Persistent link: https://www.econbiz.de/10000654506
article describes which data sources are used for the simulation, how key features of the German tax and transfer system are … implemented, which simulation methods are employed to analyze policy changes and how the model is validated against official …
Persistent link: https://www.econbiz.de/10013281463
apply this method to decompose the increase in income inequality in Germany from 2002 to 2011, a period that saw tax …
Persistent link: https://www.econbiz.de/10011568532
We quantify the private and fiscal lifetime returns to higher education in Germany accounting for the redistribution …
Persistent link: https://www.econbiz.de/10012390722