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Clementi, Gian Luca; Cooley, Thomas F. - 2010

In this paper we describe the important features of executive compensation in the US from 1993 to 2006. Some confirm what has been found for earlier periods and some are novel. Notable facts are that: the compensation distribution is highly skewed; each year, a sizeable fraction of chief...

Persistent link: https://www.econbiz.de/10010272765

Extrapolation in games of coordination and dominance solvable games

Mengel, Friederike; Sciubba, Emanuela - 2010

We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the dominance solvable guessing game or a Coordination version of the guessing game for five rounds. Afterwards they play a 3x3 normal form game for ten rounds with random matching...

Persistent link: https://www.econbiz.de/10010272485

(Anti-) coordination in networks

Kovarik, Jaromir; Mengel, Friederike; Romero, José Gabriel - 2010

We study (anti-) coordination problems in networks in a laboratory experiment. Partici- pants interact with their neighbours in a fixed network to play a bilateral (anti-) coordination game. Our main treatment variable is the extent to which players are heterogeneous in the number of connections...

Persistent link: https://www.econbiz.de/10010272506

Incorporating fairness motives into the impulse balance equilibrium and quantal response equilibrium concepts: An application to 2x2 games

Tavoni, Alessandro - 2009

Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...

Persistent link: https://www.econbiz.de/10010279402

Predicting one Shot Play in 2x2 Games Using Beliefs Based on Minimax Regret

Gallice, Andrea - 2006

We present a simple procedure that selects the strategies most likely to be played by inexperienced agents who interact in one shot 2x2 matching pennies games. As a first step we axiomatically describe players' beliefs. We find the minimax regret criterion to be the simplest functional form that...

Persistent link: https://www.econbiz.de/10010312257

Participation in and Compliance with Public Voluntary Environmental Programs: An Evolutionary Approach

Passa, Constadina; Xepapadeas, Anastasios - 2004

stock is examined. Replicator dynamics modeling participation and compliance are combined with pollution stock dynamics … auditing probability. Partial participation and partial compliance can be ES equilibria, with possible multiplicities, in … oscillating. Full participation and compliance can be attained if the regulator is pre-committed to certain legislation and …

Persistent link: https://www.econbiz.de/10011324943

Thirteen Plus One: A Comparison of Global Climate Policy Architectures

Aldy, Joseph E.; Barrett, Scott; Stavins, Robert N. - 2003

, cost effectiveness, equity, flexibility in the presence of new information, and incentives for participation and compliance … market-based approaches, especially those with price mechanisms; and participation and compliance incentives are inadequately … environmental outcome and efficiency, and between cost-effectiveness and incentives for participation and compliance. …

Persistent link: https://www.econbiz.de/10011325094

Increasing participation and compliance in international climate change agreements

Barrett, Scott; Stavins, Robert - 2002

incapable of inducing significant participation and compliance. We assess the Protocol and thirteen alternative policy … architectures that have been proposed, with particular attention to their respective abilities to induce participation and … compliance. We find that those approaches that offer cost-effective mitigation are unlikely to induce significant participation …

Persistent link: https://www.econbiz.de/10011335765

Social responsibility as a driver for local sustainable development

Costantino, Elena; Marchello, Maria Paola; Mezzano, Cecilia - 2010

The increased interconnection among local and global players induced by globalization, as well as the need for a complete application of the 'subsidiarity principle', calls for a re-thinking of the 'corporate social responsibility' concept. This new concept broadens the perspective of the single...

Persistent link: https://www.econbiz.de/10010272380

A theory of firm decline

Sabatini, Fabio - 2010

opportunity cost of motherhood connected to higher female labour participation is responsible for the fall in fertility. On the …

Persistent link: https://www.econbiz.de/10010272398

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