Showing 41 - 50 of 24,934
Persistent link: https://www.econbiz.de/10000584386
Persistent link: https://www.econbiz.de/10011431930
We consider a simple dynamic model of environmental taxation that exhibits time inconsistency. There are two categories of firms, Believers, who take the tax announcements made by the Regulator to face value, and Non-Believers, who perfectly anticipate the Regulator's decisions, albeit at a...
Persistent link: https://www.econbiz.de/10011606951
Persistent link: https://www.econbiz.de/10011581159
The classical price competition model (named after Bertrand), prescribes that in equilibrium prices are equal to marginal costs. Moreover, prices do not depend on the number of competitors. Since this outcome is not in line with real-life observations, it is known as the Bertrand Paradox. Many...
Persistent link: https://www.econbiz.de/10011587852
Persistent link: https://www.econbiz.de/10011819299
students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and …5 Five theoretical approaches in behavioral economics -- 5.1 A case study of prospect theory -- 5.2 Human sociality and … and Uncertainty -- 1.1 Introduction -- 1.2 The elements of classical decision theory -- 1.2.1 Preference foundations of …
Persistent link: https://www.econbiz.de/10011842941
Persistent link: https://www.econbiz.de/10011887023
Persistent link: https://www.econbiz.de/10000991245
Persistent link: https://www.econbiz.de/10002111627