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This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...
Persistent link: https://www.econbiz.de/10012824357
This paper incorporates learning and reputation building into a simple dynamic stochastic model of international trade … with asymmetric information. We use the model to study a bilateral trade flow influenced significantly by learning and … international trade patterns. Since learning and reputation building require time, predicted short run trade patterns can be quite …
Persistent link: https://www.econbiz.de/10011112599
moves can appear somewhat counter-intuitive, we conducted an experiment to see if people make the predicted strategic move …. The experiment uses a simple bargaining situation. A player can make a strategic move of committing to not seeing what the …
Persistent link: https://www.econbiz.de/10005622106
The paper analyses the determinants of household recycling in Italy with particular emphasis on social behaviour. The econometric analysis is based on two waves - 1998 and 2000 - of the Multipurpose Household Survey conducted annually by the Italian Central Statistics Office. In Italy household...
Persistent link: https://www.econbiz.de/10009323477
In game theory, players have continuous expected payoff functions and can use fixed point theorems to locate equilibria. This optimization method requires that players adopt a particular type of probability measure space. Here, we introduce alternate probability measure spaces altering the...
Persistent link: https://www.econbiz.de/10005837506
This note examines how the second chance, when provided to a disadvantaged player, can resolve the prisoner’s dilemma.
Persistent link: https://www.econbiz.de/10011107394
CAI to their learning were more likely to be computer users and spend more time on task. The impact of CAI on student …
Persistent link: https://www.econbiz.de/10011212789
I analyze a model with heterogeneous investors who have incorrect beliefs about fundamentals. Investors think that they are right at first, but over time realize that they are wrong. The speed of the realization depends on investor confidence in own beliefs and arrival of new information. The...
Persistent link: https://www.econbiz.de/10011267843
simulation experiment. …
Persistent link: https://www.econbiz.de/10011274395
Using data from a randomized experiment in rural China, this paper studies the influence of social networks on weather … insurance adoption and the mechanisms through which social networks operate. To quantify network effects, the experiment offers … the information available about peers’ decisions and using randomized default options, the experiment shows that the …
Persistent link: https://www.econbiz.de/10011258983