We analyze the problem that enterprises face when having to decide on the most effective way to advertise several items belonging to their inventories within the company’s webpages. We show that the ability to arbitrarily partition a website among items leads to a comparative advantage among...

We seek to isolate in the laboratory factors that encourage and discourage the sunk cost fallacy. Subjects play a computer game in which they decide whether to keep digging for treasure on an island or to sink a cost (which will turn out to be either high or low) to move to another island. The...

[eng] Training and labor poaching in the U.S : a dynamical model of collective action. . This article presents a dynamical model of collective action which provides a framework for studying whether the American economy may ever spontaneously shift towards a high-training equilibrium in the...

Training and labor poaching in the U.S : a dynamical model of collective action This article presents a dynamical model of collective action which provides a framework for studying whether the American economy may ever spontaneously shift towards a high-training equilibrium in the absence of any...

We present a dynamical theory of asset price bubbles that exhibits the appearance of bubbles and their subsequent crashes. We show that when speculative trends dominate over fundamental beliefs, bubbles form, leading to the growth of asset prices away from their fundamental value. This growth...