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Spite and reciprocity in auctions
Nishimura, Naoko; Cason, Timothy N.; Saijō, Tatsuyoshi; … - In: Games 2 (2011) 3, pp. 365-411
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
Persistent link: https://www.econbiz.de/10009752417
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Social capital as good culture
Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - 2007
transmission tends to be biased toward excessively conservative priors. As a result, societies can be trapped in a low-trust … equilibrium. In this context, a temporary shock to the return to trusting can have a permanent effect on the level of trust. We …
Persistent link: https://www.econbiz.de/10003627185
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Spite and Reciprocity in Auctions
Nishimura, Naoko; Cason, Timothy N.; Saijo, Tatsuyoshi; … - In: Games 2 (2011) 3, pp. 365-411
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
Persistent link: https://www.econbiz.de/10009294862
Cover Image
Spite and reciprocity in auctions
Nishimura, Naoko; Cason, Timothy N.; Saijo, Tatsuyoshi; … - In: Games 2 (2011) 3, pp. 365-411
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
Persistent link: https://www.econbiz.de/10010369395
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The role of social capital in financial development
Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - 2000
Persistent link: https://www.econbiz.de/10001456011
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Civic capital as the missing link
Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - 2010
Persistent link: https://www.econbiz.de/10003958788
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Long term persistence
Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - 2008
Persistent link: https://www.econbiz.de/10003752114
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Cultural biases in economic exchange
Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - 2004
Persistent link: https://www.econbiz.de/10002503200
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Trusting the stock market
Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - 2005
Persistent link: https://www.econbiz.de/10003150515