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Overbidding and overspreading in rent-seeking experiments: Cost structure and prize allocation rules

Chowdhury, Subhasish; Sheremeta, Roman; Turocy, Theodore - Volkswirtschaftliche Fakultät, … - 2014

We study experimentally the effects of cost structure and prize allocation rules on the performance of rent-seeking contests. Most previous studies use a lottery prize rule and linear cost, and find both overbidding relative to the Nash equilibrium prediction and significant variation of...

Persistent link: https://www.econbiz.de/10011109043

An Experimental Investigation of Colonel Blotto Games

Chowdhury, Subhasish; Kovenock, Dan; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2011

This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support the main qualitative predictions of the theory. In the auction treatment, where winning...

Persistent link: https://www.econbiz.de/10011258037

Theory of argumentation in financial markets

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010

This paper aims to explore the relevance of the Theory of Argumentation TA in the complex area of financial reporting. Specifically, we investigated the scope of the phenomenon of persuasion in advertising. It examines advertisements in publications notable economic movement in Colombia. The...

Persistent link: https://www.econbiz.de/10008547907

The logic of violence in the civil war: the economics perspective

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2012

and inconsistent information). The recent evolution of emerging gangs and their expansion into areas that were …

Persistent link: https://www.econbiz.de/10011258671

Estabilidad política y tributación

Estrada, Fernando; Mutascu, Mihai; Tiwari, Aviral - Volkswirtschaftliche Fakultät, … - 2011

The present study is, in particular, an attempt to test the relationship between tax level and political stability by …

Persistent link: https://www.econbiz.de/10009220107

Money, credit and finance in The Arcades Project

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010

The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...

Persistent link: https://www.econbiz.de/10009372484

Asymmetric information in the civil wars, the Colombian case

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010

The aim of this paper is to interpret the relationships between information networks and the armed conflict in Colombia … paramilitaries were preparing each slaughter counting information previously learned between the inhabitants of the town. For these … reasons, it is shown that information is a key phenomenon to understand civil wars. Moreover, as demonstrated in this work is …

Persistent link: https://www.econbiz.de/10009372512

Heuristic on economics

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010

or information, was one of the goals set by the fathers of the discipline: Adam Smith, John Stuart Mill, and Jeremy …

Persistent link: https://www.econbiz.de/10009372538

Thomas S. Schelling: game theory and indirect communication

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010

In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...

Persistent link: https://www.econbiz.de/10009372562

Reconstruction of concept of Paradigm in Thomas S. Kuhn

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2011

This article aims to discuss an evaluation of the concept of paradigm of T. Kuhn in his representative work: The Structure of Scientific Revolutions ERC, [Ku96] and the complementary version by W. Stegmüller, Structure and dynamics of theories EDT, [Steg83]. This refined interpretation of the...

Persistent link: https://www.econbiz.de/10009369176