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My philosophical case study concerns textbook presentations of the theory of demand. Does this theory contain anything more than just a collection of tautologies? In order to determine its empirical content, it must be viewed holistically. But then, the theory implies false factual claims. We...
Persistent link: https://www.econbiz.de/10009467037
"Good work" is interpreted from an employer's and a worker's viewpoint. An economic experiment on the existence of … their duration is subject of a second theoretical model. An experiment yields further insights to this topic. …
Persistent link: https://www.econbiz.de/10009434478
Process models are used by information professionals to convey semantics about the business operations in a real world domain intended to be supported by an information system. The understandability of these models is vital to them being used for information systems development. In this paper,...
Persistent link: https://www.econbiz.de/10009438157
A novel procedure is described for accelerating the convergence of Markov chain Monte Carlo computations. The algorithm uses an adaptive bootstrap technique to generate candidate steps in the Markov Chain. It is efficient for symmetric, convex probability distributions, similar to multivariate...
Persistent link: https://www.econbiz.de/10009441534
Overexploitation of coastal aquifers may lead to seawater intrusion, which irreversibly degrades groundwater. The seawater intrusion process may imply that its consequences would not be perceptible until after decades of accumulated overexploitation. In such a dynamic setting, static...
Persistent link: https://www.econbiz.de/10009442659
This paper considers the stability of tacit collusion in price setting duopolies with repeated interaction. The minimum discount factor above which tacit collusion can be sustained in a subgame perfect equilibrium is called the critical discount factor delta*. In addition, delta* is often used...
Persistent link: https://www.econbiz.de/10009471758
and down movement of prices. We can explain tacit coordination in our experiment with an extended learning direction model …
Persistent link: https://www.econbiz.de/10009471841
Chapter IWe use a large-scale internet experiment to explore how subjects learn to play against computers that are … experiment, we separate the demand for punishment in general from a possible demand to conduct punishment personally. Subjects …? In our experiment we observe that the subjects almost never use punishment. Consistently, the data shows no increase in …
Persistent link: https://www.econbiz.de/10009476200
Einkommensbesteuerung und deren Wahrnehmung auf die Arbeit-Freizeit-Entscheidungen untersucht wird.Im ersten Experiment des ersten Teils …
Persistent link: https://www.econbiz.de/10009478158
laboratory experiment to show how a market evolves when firms or individual traders endogenouslydetermine the search costs on … their prices. In the experiment, human subjects play sellers and the computer calculates demands and profits, assuming …
Persistent link: https://www.econbiz.de/10009450619