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A Simple Bargaining Model where Parties Make Errors
Van Essen, Matthew - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we develop a bargaining model where parties (or their intermediaries) make errors when reporting their bid. We characterize the Nash equilibria of the game and show that there is a unique equilibrium where trade takes place. This trade equilibrium is shown to converge to the Nash...
Persistent link: https://www.econbiz.de/10011108870
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Inflation as restructuring. A theoretical and empirical account of the U.S. experience
Nitzan, Jonathan - Volkswirtschaftliche Fakultät, … - 1992
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
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Probabilistic Opinion Pooling
Dietrich, Franz; List, Christian - Volkswirtschaftliche Fakultät, … - 2014
This review article introduces and evaluates various ways to aggregate probabilistic opinions of different individuals. For each of these three ways, an axiomatic characterization result is presented (a new one in the case of multiplicative pooling). The three ways satisfy different axioms and...
Persistent link: https://www.econbiz.de/10011111553
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Revealed Unawareness
Schipper, Burkhard C - Volkswirtschaftliche Fakultät, … - 2010
I develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier, and Schipper (2006, 2008, 2009) as primitives in the Anscombe-Aumann approach to subjective expected utility. I observe that a decision maker is unaware of an event if and...
Persistent link: https://www.econbiz.de/10008529292
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Experimental Evidence on Valuation and Learning with Multiple Priors
Qiu, Jianying; Weitzel, Utz - Volkswirtschaftliche Fakultät, … - 2013
. This holds under ambiguity, but not in a comparison treatment under risk. …
Persistent link: https://www.econbiz.de/10011258993
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Genetically modified organisms in agriculture: social and economic implications
Davies, Ben; Richards, Caspian; Spash, Clive L.; … - Volkswirtschaftliche Fakultät, … - 2004
wider context scrutinised to assess potential consequences. Current risk regulation and GM legislation is narrowly defined …
Persistent link: https://www.econbiz.de/10011260900
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Rozmyte zbiory probabilistyczne jako narzędzie finansów behawioralnych
Piasecki, Krzysztof - Volkswirtschaftliche Fakultät, … - 2011
under uncertainty and imprecision risk. In the fifth part fuzzy probabilistic sets are applied for actuarial mathematics. …
Persistent link: https://www.econbiz.de/10011260964
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Individuals’ behaviour with respect to parking alternatives: a laboratory experiment
Bergantino, Angela Stefania; De Carlo, Angela; Morone, … - Volkswirtschaftliche Fakultät, … - 2015
attention has been devoted to understand how risk and uncertainty influence drivers’ behaviours in parking decision. This paper … risk and uncertainty. …
Persistent link: https://www.econbiz.de/10011266116
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Addressing risk challenges in a changing financial environment: the need for greater accountability in financial regulation and risk management
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2011
presence of risks and uncertainty – both in terms of certain externalities and indeterminacies which are capable of being … by regulators in identifying and assessing risk, problems arising from different perceptions of risk, and solutions aimed … at countering problems of risk regulation. It will approach these issues through an assessment of explanations put …
Persistent link: https://www.econbiz.de/10009223349
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Forward dynamic utilities: a new model and new results
Moawia, Alghalith - Volkswirtschaftliche Fakultät, … - 2010
We present a new model of forward dynamic utilities. In doing so, we provide unique (viscosity) solutions. In addition, we introduce Hausdorff-continuous viscosity solutions to the portfolio model.
Persistent link: https://www.econbiz.de/10008633344