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Economic Aspects of the complementarity between Corruption and Crime: Evidence from Italy in the period 1996-2005.

Caruso, Raul; Baronchelli, Adelaide - Volkswirtschaftliche Fakultät, … - 2013

This paper empirically investigates the connection between corruption and crime. Such linkage has been often … underestimated because corruption has been often analyzed as a white-collar crime. In fact it is not characterized by violence …. Recently a theoretical connection has been suggested to highlight that corruption and crime can be considered strategic …

Persistent link: https://www.econbiz.de/10011108194

THE Economics of Match-Fixing

Caruso, Raul - Volkswirtschaftliche Fakultät, … - 2007

The phenomenon of match-fixing does constitute a constant element of sport contests. This paper presents a simple formal model in order to explain it. The intuition behind is that an asymmetry in the evaluation of the stake is the key factor leading to match-fixing. In sum, this paper considers...

Persistent link: https://www.econbiz.de/10005616782

Homogenous Agent Wage-Posting Model with Wage Dispersion

Steinbacher, Matej; Steinbacher, Matjaz; Steinbacher, Mitja - Volkswirtschaftliche Fakultät, … - 2009

In the paper we test a homogenous agent version of the Montgomery's (1991) non-cooperative wage posting model. The inclusion of intrinsic costs, related to the uncertainty when changing the alternative agents are already using, alters the outcome of the model in two respects: firstly, it...

Persistent link: https://www.econbiz.de/10005040688

Knowledge, Preferences and Shocks in Portfolio Analysis

Steinbacher, Matjaz - Volkswirtschaftliche Fakultät, … - 2009

We simulate social network games of a portfolio selection to analyze how knowledge, preferences of agents and their level of omniscience affect their decision-making. The key feature of the paper is that preferences and the level of omniscience of agents very much determine the ways agents make...

Persistent link: https://www.econbiz.de/10005835799

To Work or Not? Simulating Inspection Game with Labor Unions

Steinbacher, Matej; Steinbacher, Matjaz; Steinbacher, Mitja - Volkswirtschaftliche Fakultät, … - 2009

The model of social network is used to analyze the impact of the power of labor unions in the labor relations. We find that labor union capable to affect a pecuniary compensation of shirking employees lessens the motivation of employees to work and improve to the unionization rate. As a result,...

Persistent link: https://www.econbiz.de/10005836417

Acceptable Risk in a Portfolio Analysis

Steinbacher, Matjaz - Volkswirtschaftliche Fakultät, … - 2009

A social network has been used to simulate how agents of different levels of risk aversion under different circumstances behave in financial markets when deciding between risk-free and a risky asset. This is done by a discrete time version evolutionary game of risk-loving and risk-averse agents....

Persistent link: https://www.econbiz.de/10005836468

Value-at-Risk versus Non-Value-at-Risk Traders

Steinbacher, Matjaz - Volkswirtschaftliche Fakultät, … - 2009

In the paper, I simulate the games with a joint presence of 95% VaR-rule and return-rule groups of agents in the game. Simulations highlighted the level of omniscience, next being the rule, which agents follow at the decision-making, and the third the presence of liquidity agents in the game....

Persistent link: https://www.econbiz.de/10005836529

The Role of Liquidity Individuals in the Decision-Making

Steinbacher, Matjaz - Volkswirtschaftliche Fakultät, … - 2009

We simulate social network games of a portfolio selection to analyze the role of liquidity individuals for the developments in individuals’ decision-making in financial markets. Liquidity individuals prove to be a significant element in the decision-making process of the entire network, as...

Persistent link: https://www.econbiz.de/10005837036

Self-Interest, Incentives and the Decision-Making

Steinbacher, Matjaz - Volkswirtschaftliche Fakultät, … - 2009

Paper analyzes the impact of incentives and disincentives on the decision-making of individuals. Their role in the decision-making processes is huge, as they affect the cost-benefit analysis of investment projects of scarce resources. They both are subject of huge negative effects. A hidden trap...

Persistent link: https://www.econbiz.de/10005105661

Behavior of Investors on a Multi-Asset Market

Steinbacher, Matjaz - Volkswirtschaftliche Fakultät, … - 2009

This paper analyzes the field of investors’ decision-making on a multi-asset market. It does it through a simulation games on a social network framework. It has been demonstrated that more stocks there are in the game and more changing alternatives investors have available to choose from,...

Persistent link: https://www.econbiz.de/10005036838