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Market dynamics and agents behaviors: a computational approach
Derveeuw, Julien - Volkswirtschaftliche Fakultät, … - 2005
as well as perturbed ones (bubbles and kraches). …
Persistent link: https://www.econbiz.de/10005622019
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The Us Dollar, the Euro, and the Yen : An Evaluation of Their Present and Future Status as International Currencies
Beckmann, Rainer - 2010
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
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The Cost of Capital in Markets with Opaque Intermediaries and the Risk-Structure of Interest Rates
Mierzejewski, Fernando - 2009
The demand for cash balances of financial intermediaries that establish contractual liabilities with credit-sensitive customers is characterized. As stated by Merton, the success of the business activities of such firms crucially depends on their credit quality, and hence, they are obliged to...
Persistent link: https://www.econbiz.de/10013160192
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Behavioral dynamics of tax compliance under an information services initiative
McKee, Michael; Siladke, Caleb; Vossler, Christian A. - Volkswirtschaftliche Fakultät, … - 2011
Tax authorities utilize the audit process, imposing penalties on tax evaders, as their primary means of enforcement. In recent years, a “service” paradigm, whereby tax authorities provide information about correct tax reporting to taxpayers, has shown the potential to further “encourage”...
Persistent link: https://www.econbiz.de/10011258828
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On The Complexity of Eliminating Fuel Subsidy in Indonesia; A Behavioral Approach
Pradiptyo, Rimawan; Sahadewo, Gumilang Aryo - Volkswirtschaftliche Fakultät, … - 2012
People’s attachment to a subsidy creates difficulties for the government to phase out, and eventually eliminate, the subsidy. Elimination of fuel subsidy scheme in Indonesia is a perfect example of such occurrence. The subsidy has been implementing to commodity as opposed to households, thus...
Persistent link: https://www.econbiz.de/10011259031
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Communication of uncertainty in weather forecasts
Marimo, Pricilla; Kaplan, Todd R; Mylne, Ken; Sharpe, Martin - Volkswirtschaftliche Fakultät, … - 2012
Experimental economics methods were used to assess public understanding of information in weather forecasts and test whether the participants were able to make better decisions using the probabilistic information presented in table or bar graph formats than if they are presented with a...
Persistent link: https://www.econbiz.de/10011260548
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Do consumers prefer offers that are easy to compare? An experimental investigation.
Crosetto, Paolo; Gaudeul, Alexia - Volkswirtschaftliche Fakultät, … - 2012
Abstract Firms can exploit consumers' mistakes when facing complex purchasing decision problems but Gaudeul and Sugden (2012) argue that if at least some consumers disregard offers that are difficult to compare with others then firms will be forced into adopting common ways to present their...
Persistent link: https://www.econbiz.de/10011260766
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Eliminating Laboratory Asset Bubbles by Paying Interest on Cash
Giusti, Giovanni; Jiang, Janet Hua; Xu, Yiping - Volkswirtschaftliche Fakultät, … - 2012
The seminal work of Smith Suchanek and Williams (1988) finds price bubbles are frequently observed in an experimental … understand the reason why bubbles occur in such an environment and to find mechanisms to eliminate bubbles.In this paper, we … introduce an interest-bearing savings account to the experimental asset market. We find bubbles disappear with high interest …
Persistent link: https://www.econbiz.de/10011261107
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When Do Large Buyers Pay Less? Experimental Evidence
Ruffle, Bradley J. - Volkswirtschaftliche Fakultät, … - 2009
The rise in mega-retailers has contributed to a growing literature on buyer power and large-buyer discounts. According to Rotemberg and Saloner (1986) and Snyder (1998), large buyers' ability to obtain price discounts depends on their relative (rather than absolute) size and the degree of...
Persistent link: https://www.econbiz.de/10005078648
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A proper test of overconfidence
Benoît, Jean-Pierre; Dubra, Juan; Moore, Don - Volkswirtschaftliche Fakultät, … - 2008
In this paper we conduct two proper tests of overconfidence. We reject the hypothesis "the data cannot be generated by a rational model" in both experiments.
Persistent link: https://www.econbiz.de/10005260250