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Rich meets Poor - An International Fairness Experiment

Cappelen, Alexander W.; Moene, Karl Ove; Sørensen, Erik Ø. - 2008

conducted a real effort fairness experiment where people in two of the world's richest countries, Norway and Germany, interacted …

Persistent link: https://www.econbiz.de/10010326015

Cutthroat capitalism versus cuddly socialism : are Americans more meritocratic and efficiency-seeking than Scandinavians?

Almås, Ingvild; Cappelen, Alexander W.; Tungodden, Bertil - In: Journal of political economy 128 (2020) 5, pp. 1753-1788

Persistent link: https://www.econbiz.de/10012416978

The effect of early-childhood education on social preferences

Cappelen, Alexander W.; List, John A.; Samek, Anya Savikhin - In: Journal of political economy 128 (2020) 7, pp. 2739-2758

Persistent link: https://www.econbiz.de/10012417209

The Component Fairness Solution for Cycle-free Graph Games

Herings, P. Jean-Jacques; van der Laan, Gerard; Talman, Dolf - 2005

with one another. We introduce a new single-valued solution concept, the component fairness solution. Our solution is … characterized by component efficiency and component fairness. The interpretation of component fairness is that deleting a link … the players in the component. Component fairness replaces the axiom of fairness characterizing the Myerson value, where …

Persistent link: https://www.econbiz.de/10010325416

The Average Tree Permission Value for Games with a Permission Tree

van den Brink, Rene; Herings, Jean-Jacques; van der … - 2012

In the literature various models of games with restricted cooperation can be found. In those models, instead of allowing for all subsets of the set of players to form, it is assumed that the set of feasible coalitions is a proper subset of the power set of the set of players. In this paper we...

Persistent link: https://www.econbiz.de/10010326524

SETS, Arbitrage Activity, and Stock Price Dynamics

Taylor, Nick; van Dijk, Dick; Franses, Philip Hans; … - 1999

This paper provides an empirical description of the relationshipbetween the trading system operated by a stockexchange and the transaction costs faced by heterogeneous investors who use the exchange. Therecent introduction ofSETS in the London Stock Exchange provides an excellent opportunity...

Persistent link: https://www.econbiz.de/10010324378

Cooperative Games in Graph Structure

Herings, P. Jean-Jacques; van der Laan, Gerard; Talman, Dolf - 2000

In this paper we generalize the concept of coalitional games by allowingfor any organizational structure within coalitions represented by a graphon the set of players ot the coalition. A, possibly empty, set of payoffvectors is assigned to any graph on every subset of players. Such a gamewill be...

Persistent link: https://www.econbiz.de/10010324576

Short Patches of Outliers, ARCH and Volatility Modeling

Franses, Philip Hans; van Dijk, Dick; Lucas, André - 1998

In this paper we test for (Generalized) AutoRegressive Conditional Heteroskedasticity [(G)ARCH] in daily data on 22 exchange rates and 13 stock market indices using the standard Lagrange Multiplier [LM] test for GARCH and a LM test that is resistant to patches of additive outliers. The data span...

Persistent link: https://www.econbiz.de/10010324601

Long Memory and Level Shifts: Re-Analyzing Inflation Rates

Bos, Charles S.; Franses, Philip Hans; Ooms, Marius - 1998

A key application of long memory time series models concerns inflation. Long memory implies that shocks have a long-lasting effect. It may however be that empirical evidence for long memory is caused by neglecting one or more level shifts. Since such level shifts are not unlikely for inflation,...

Persistent link: https://www.econbiz.de/10010324616

A Dynamic Utility Maximization Model for Product Category Consumption

van Oest, Rutger; Franses, Philip Hans; Paap, Richard - 2002

It is conceivable that the whether to buy and how much tobuy decisions in the purchasing process of households areinfluenced by the inventory process. In this paper we thereforeput forward a model for consumption, where we rely on establishedeconomic theory. We incorporate this model in a model...

Persistent link: https://www.econbiz.de/10010324771