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Anti-social norms
Fergusson, Leopoldo; Guerra, José-Alberto; Robinson, … - National Bureau of Economic Research - 2024
Since formal rules can only partially reduce opportunistic behavior, third-party sanctioning to promote fairness is critical to achieving desirable social outcomes. Social norms may underpin such behavior, but they can also undermine it. We study one such norm the "don't be a toad" norm, as it...
Persistent link: https://www.econbiz.de/10014635680
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Reciprocity versus Reelection
Dalmia, Prateik - 2020
We study how reelection concerns affect reciprocity by elected leaders to the voters who elected them. If showing kindness to past voters reduces the chances of reelection, will an elected leader reduce or eliminate such intrinsic reciprocity? We present a signalling model of candidate behavior,...
Persistent link: https://www.econbiz.de/10012481495
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Winning Play in Spectrum Auctions
Bulow, Jeremy - 2009
We describe factors that make bidding in large spectrum auctions complex -- including exposure and budget problems, the role of timing within an ascending auction, and the possibilities for price forecasting -- and how economic and game-theoretic analysis can assist bidders in overcoming these...
Persistent link: https://www.econbiz.de/10012463882
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On Inferring Demand for Health Care in the Presence of Anchoring, Acquiescence, and Selection Biases
Bhattacharya, Jay - 2008
In the contingent valuation literature, both anchoring and acquiescence biases pose problems when using an iterative bidding game to infer willingness to pay. Anchoring bias occurs when the willingness to pay estimate is sensitive to the initially presented starting value. Acquiescence bias...
Persistent link: https://www.econbiz.de/10012464782
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Information Favoritism and Scoring Bias in Contests
Deng, Shanglyu; Fang, Hanming; Fu, Qiang; Wu, Zenan - National Bureau of Economic Research - 2023
Two potentially asymmetric players compete for a prize of common value, which is initially unknown, by exerting efforts. A designer has two instruments for contest design. First, she decides whether and how to disclose an informative signal of the prize value to players. Second, she sets the...
Persistent link: https://www.econbiz.de/10014247957
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How Close to an Auction Is the Labor Market? Employee Risk Aversion, Income Uncertainty, and Optimal Labor Contracts
Brown, James N. - 1980
Section I of this paper develops a model of income insurance in the labor market. The model differs from those of previous analyses in its focus on quantitative implications regarding the degree to which wages diverge from marginal value products, both in time-series and in cross-section data....
Persistent link: https://www.econbiz.de/10012478522
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Conflict and Deterrence under Strategic Risk
Chassang, Sylvain - 2008
obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk … deterrent effect under complete information, this does not hold anymore under strategic risk. Rather, we find that increases in … weapon stocks can have a non-monotonic effect on the sustainability of peace. We also show that under strategic risk …
Persistent link: https://www.econbiz.de/10012464685
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You Only Die Once : Managing Discrete Interdependent Risks
Heal, Geoffrey - 2003
discrete interdependent risks with heterogeneous agents. There is a threat of an event that can only happen once, and the risk … depends on actions taken by others. Any agent's incentive to invest in managing the risk depends on the actions of others …. Security problems at airlines and in computer networks come into this category, as do problems of risk management in …
Persistent link: https://www.econbiz.de/10012468812
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Trading on Sunspots
Jovanovic, Boyan - 2014
In a model with multiple Pareto-ranked equilibria we add trade in assets that pay based on the realization of a sunspot. Asset trading restricts the equilibrium set in a way that raises welfare by eliminating equilibria with a high likelihood of disasters. When the probability of a disaster is...
Persistent link: https://www.econbiz.de/10012457853
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History as Evolution
Nunn, Nathan - 2020
In this chapter, I consider the benefits of viewing history through an evolutionary lens. In recent decades, a field of research has emerged, which builds on foundations from biological evolution to study culture within an evolutionary framework. I begin the chapter by discussing the theory...
Persistent link: https://www.econbiz.de/10012481254