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We generate observable expectations about fiscal variables through laboratory experiments using real world data from several European countries as stimuli. We compare a VAR model of expectations for data that is presented in a fiscal frame with one for neutrally presented data. We test the...
Persistent link: https://www.econbiz.de/10005005817
Although many real bargaining situations involve more than one person on each side of the bargaining table, much of the theoretical and experimental research concentrates on two single players. We study a simple extension: bilateral bargaining of four people (two two-person groups) with...
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We present a simple model of spatial evolution that avoids several problems that arise with more complex networks of players. We consider a world where pairs of players are matched forever. These players learn from the whole population but they are more likely to learn to strategies used by...
Persistent link: https://www.econbiz.de/10005118522
The paper applies the idea of evolution to a spatial model. We assume that the prisoners' dilemma is played only within a neighborhood and that evolutionary pressure works also only on a local level. Discriminatory behavior of players is introduced representing strategies as small automata,...
Persistent link: https://www.econbiz.de/10005118540