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the tools of game theory to analyse how different institutional settings can provide specific strategic incentives and …
Persistent link: https://www.econbiz.de/10011412055
We investigate the origin and evolution of the legal institution of citizenship from a political economy perspective. We compile a new data set on citizenship laws across countries of the world which documents how these institutions have evolved in the postwar period. We show that, despite a...
Persistent link: https://www.econbiz.de/10003522985
This paper shows that the opportunity costs resulting from economic interdependence decrease the equilibrium probability of war in an incomplete information game. This result is strongly consistent with existing empirical analyses of the inverse trade-conflict relationship, but is the opposite...
Persistent link: https://www.econbiz.de/10003784394
The paper explains how workers' expectations of being discriminated against can be self-confirming, accounting for the persistence of unequal outcomes in the labour market even beyond the causes that originally generated them. The theoretical framework used is a two-stage game of incomplete...
Persistent link: https://www.econbiz.de/10003904618
"We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in...
Persistent link: https://www.econbiz.de/10003373398
mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …
Persistent link: https://www.econbiz.de/10010510004
We perform an incentivized experiment designed to assess the accuracy of beliefs about characteristics and decisions. Subjects are asked to declare some specific choices and characteristics with different levels of observability from an external point of view, and typically formed through real...
Persistent link: https://www.econbiz.de/10010488302
This paper presents several economic models that explore the relationships between imperfect information, racial income disparities, and segregation. The use of race as a signal arises here, as in models of statistical discrimination, from imperfect information about the return to transactions...
Persistent link: https://www.econbiz.de/10002485567
Persistent link: https://www.econbiz.de/10001776054
Persistent link: https://www.econbiz.de/10001776055