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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
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
experiment. …
Persistent link: https://www.econbiz.de/10009451152
Klassische Geldbewertung unterstellt einen Zusammenhang zwischen Geld (x) und empfundener Geldbewertung über eine Funktion v(x) für x=0.In dieser Arbeit wird die "Fenstertheorie der emotionalen Wahrnehmung" von Albers als neuer Ansatz der Geldbewertung vorgestellt. Dieser unterstellt keine...
Persistent link: https://www.econbiz.de/10009452615
Van Boening and Wilcox ran experiments finding that the ordinarily robust DoubleAuction produced inefficient results in an environment characterized by a small numberof sellers with non-convex cost structures (i.e. large avoidable fixed costs, zeroincremental costs, and production quantity...
Persistent link: https://www.econbiz.de/10009458930