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The effect of signalling and beliefs on the voluntary provision of public goods

Berlemann, Michael - 2003

We report and analyze the results of a series of classroom experiments on the voluntary provision of public goods. Using fixed effect panel regression models we find that cooperation significantly increases when participants are forced to guess the degree of overall cooperation. We also find...

Persistent link: https://www.econbiz.de/10010305450

The New Basel Accord and the Nature of Risk: A Game Theoretic Perspective

Siebe, Wilfried; Milde, Hellmuth; Broll, Udo; Bieta, Volker - 2007

– game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …

Persistent link: https://www.econbiz.de/10010296819

Strategic pricing of financial options

Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebel, Wilfried - 2009

need an approach explaining interdependent actions. Game theory is in a position to offer proper olutions. This paper …

Persistent link: https://www.econbiz.de/10010301361

Monetary policy under uncertain planning horizon

Berlemann, Michael - 2000

This note focuses on the role of the planning horizon in monetary policy games. We analyze the case of an uncertain horizon of the monetary policy game that has not been considered, yet. In addition to that we will - different from the basic Barro-Gordon-model - assume a quadratic loss function...

Persistent link: https://www.econbiz.de/10010305451

The economics of repeated extortion

Choi, Jay Pil; Thum, Marcel - 2003

This paper provides a simple model of repeated extortion. In particular, we ask whether corrupt government officials' ex post opportunism to demand more once entrepreneurs have made sunk investments entails further distortion in resource allocations. We show that the inability of government...

Persistent link: https://www.econbiz.de/10010305453