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Stakes Matter in Ultimatum Games
Andersen, Steffen; Ertaç, Seda; Gneezy, Uri; Hoffman, Moshe - 2011
The canonical bargaining game in economics is the ultimatum game, played by tens of thousands of students around the world over the past three decades. In the ultimatum game, first studied by Werner Guth, Rolf Schmittberger, and Bernd Schwarze (1982), the “proposer” proposes how to split a...
Persistent link: https://www.econbiz.de/10012142368
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Exclusive safeguards and technology transfer: Subcontracting agreements in Eastern Europe's car component industry
Møllgaard, H. Peter; Lorentzen, Jochen - 2002
We study the rationale for the use of exclusivity to protect transfer of technology in subcontracting agreements. The legal possibility arises through the EU Notice on Subcontracting. Empirically, the link between exclusive agreements and technology transfer among firms in the automotive supply...
Persistent link: https://www.econbiz.de/10012142259
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Establishing cooperation between groups : ingroup versus outgroup punishment
Stoff, Christian (contributor) - 2006 - Revised: February 2006
We analyse interethnic cooperation in an infinitely repeated prisoner’s dilemma when members of one group are unable to target punishment towards individual defectors from the other group. We first show that indiscriminate outgroup punishment may sustain cooperation in this setting. Our main...
Persistent link: https://www.econbiz.de/10002521602
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Informal finance : a theory of moneylenders
Madestam, Andreas - 2009
I study the coexistence of formal and informal finance in underdeveloped credit markets. While weak institutions constrain formal banks, shallow pockets hamper informal lenders. In such economies, informal finance has two effects. By increasing the investment return it decreases borrowers'...
Persistent link: https://www.econbiz.de/10008821863
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Entry barriers and growth : the role of endogenous market structure
Jiang, Helu; Zheng, Yu; Zhu, Lijun - 2023
to late 2000s. We develop a model of endogenous productivity and market structure with heterogeneous firms and frictional … entry and calibrate it to Chinese manufacturing from 2004-7. We show about 25% of the productivity growth in 2004-7 is …
Persistent link: https://www.econbiz.de/10014314301
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Vertical integration and investor protection in developing countries
Macchiavello, Rocco - 2009
The industrial organization of developing countries is characterized by the pervasive use of subcontracting arrangements among small, financially constrained firms. This paper asks whether vertical integration relaxes those financial constraints. It shows that vertical integration trades off the...
Persistent link: https://www.econbiz.de/10008823904
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Connections among farsighted agents
Vannetelbosch, Vincent J.; Grandjean, Gilles; Mauleon, Ana - 2009
We study the stability of social and economic networks when players are farsighted. In particular, we examine whether the networks formed by farsighted players are different from those formed by myopic players. We adopt Herings, Mauleon and Vannetelbosch's (Games and Economic Behavior,...
Persistent link: https://www.econbiz.de/10008811032
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Harmful signaling in matching markets
Kushnir, Alexey - 2010
Some labor markets have recently developed formal signalling mechanisms, e.g. the signalling for interviews in the job market for new Ph.D. economists. We evaluate the effect of such mechanisms on two-sided matching markets by considering a game of incomplete information between firms and...
Persistent link: https://www.econbiz.de/10008737789
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Are small farms really more productive than large farms?
Aragon, Fernando M.; Restuccia, Diego; Rud, Juan Pablo - 2021
This paper shows that using yields may not be informative of the relationship between farm size and productivity in the … context of small-scale farming. This occurs because, in addition to productivity, yields pick up size-dependent market … distortions and decreasing returns to scale. As a result, a positive relationship between farm productivity and land size may turn …
Persistent link: https://www.econbiz.de/10012665044
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What explains the productivity decline in manufacturing in the nineties in India?
Ray, Saon - 2014
This paper uses the data envelopment analysis (DEA) based Malmquist productivity index to estimate total factor … productivity growth (TFPG), technical change, and efficiency change for a panel of firms during the period 1991 to 2001 in 26 … Indian manufacturing industries. The paper then analyses the factors explaining productivity growth, technical change and …
Persistent link: https://www.econbiz.de/10010437777