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Charness et al. (2007b) have shown that group membership has a strong effect on individualdecisions in strategic games when group membership is salient through payoff commonality.In this comment I show that their findings also apply to non-strategic decisions, even when nooutgroup exists, and I...
Persistent link: https://www.econbiz.de/10005866444
Monetary Policy Committees differ in the way the interest rate proposal is preparedand presented in the policy meeting. In this paper we show analytically how differentarrangements could affect the voting behaviour of individual MPC members andtherefore policy outcomes. We then apply our results...
Persistent link: https://www.econbiz.de/10005866511
We model a general choice environment via probabilistic choice correspondences, with (possibly)incomplete domain and infinite universal set of alternatives. We offer a consistency restrictionregarding choice when the feasible set contracts. This condition, ‘contraction consistency’,...
Persistent link: https://www.econbiz.de/10005868593
This note provides an alternative proof of a known result on the existenceof collections of orderings generating intersection quasi-orderings. Instead of proving theresult from rst principles, it is illustrated how it can be obtained by making use of ananalogous relationship between partial...
Persistent link: https://www.econbiz.de/10005869310
Discounting the utilities of future people or giving smaller weights to groups other thanone's own is often criticized on the grounds that the resulting objective function diers fromthe ethically appropriate one...
Persistent link: https://www.econbiz.de/10005869339
Bargaining under uncertainty is modeled by the assumption that thereare several possible states of nature, each of which is identied with abargaining problem...
Persistent link: https://www.econbiz.de/10005869345
This paper provides an analysis of individual and social decision criteria foralternatives that are composed of several attributes. We derive additive and multiplicativecriteria for individual decision-making with new axioms and apply these criteria toobtain new justications of known social...
Persistent link: https://www.econbiz.de/10005869346
A model is analyzed in which agents exert effort to create innovations within an organization. When payments are infeasible, the decision on the implementation of a proposal is shown to bemadeby simplemonotonic decision rules. A trade-off arises between the use of information and the incentives...
Persistent link: https://www.econbiz.de/10005845884
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion...
Persistent link: https://www.econbiz.de/10005859642
Die Governance der Zentralbanken hat zwei Dimensionen: Corporate Governance und Public Governance. Public Governance ist ein institutioneller Rahmen, wobei die breite Öffentlichkeit eine Zentralbank regelt durch und durch die Legislative und Exekutive in einem Land. Dieses Papier argumentiert,...
Persistent link: https://www.econbiz.de/10005870975