Showing 1 - 10 of 285
Persistent link: https://www.econbiz.de/10003763553
Persistent link: https://www.econbiz.de/10003934200
The tax incidence of different price-point instant lottery games is examined. Theoretical reasons exist for expecting higher-priced instant lottery games to be less regressive than lower-priced instant games. Using game-level data from a sample of states, the empirical results show that...
Persistent link: https://www.econbiz.de/10008991506
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...
Persistent link: https://www.econbiz.de/10011379608
Since the seminal paper of Nash (1950) game theoretic literature has focused mostly on equilibrium and not on maximin (minimax) strategies. We study the properties of these strategies in 2-player non-zero-sum strategic games, whose Nash equilibria are only mixed.
Persistent link: https://www.econbiz.de/10011334334
Persistent link: https://www.econbiz.de/10010249032
Persistent link: https://www.econbiz.de/10009615726
Persistent link: https://www.econbiz.de/10009703287
The evolution of large-scale cooperation among genetic strangers is a fundamental unanswered question in the social sciences. Behavioral economics has persuasively shown that so called "strong reciprocity" plays a key role in accounting for the endogenous enforcement of cooperation. Insofar as...
Persistent link: https://www.econbiz.de/10009298308
Persistent link: https://www.econbiz.de/10010465054