This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode …. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a … our model, buyers and sellers can simultaneously search in an outside market and use the intermediation service. We show …

of religious behaviour towards "Theoi" in the laboratory. The theory we test is that, when faced with uncertainty …, individuals attempt to engage in a reciprocal contract with the source of uncertainty by sacrificing towards it. In our … uncertainty is lower. The findings imply that under circumstances of high uncertainty people are willing to sacrifice large …

Recent events suggest that uncertainty changes play a major role in U.S. labor market fluctuations. This study analyzes … the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that … uncertainty shocks measured by stock market volatility have a significant impact on the U.S. unemployment rate. We then develop a …

range of specific outcomes, allowing us to measure uncertainty, assess its driving forces, and compare this measure of … uncertainty with the dispersion of point-estimates among individual forecasters (a measure of disagreement). We also assess the … probabilities in this market. -- economic derivatives ; macroeconomic forecasting ; uncertainty ; disagreement ; prediction markets …