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1
Collective Dynamic Choice : The Necessity of Time Inconsistency
Jackson, Matthew O.
-
2014
We study collective decisions by time-discounting individuals choosing a common consumption stream. We show that with any heterogeneity in time preferences, every Pareto efficient and non-dictatorial method of aggregating utility functions must be time-inconsistent. We also show that decisions...
Persistent link: https://www.econbiz.de/10013069088
Saved in:
2
Optimal Task Assignments with Loss-Averse Agents
Balmaceda, Felipe
-
2018
This paper studies optimal task assignments in a setting where agents are expectation-based loss averse according to KoszegiRabin (2006) and KoszegiRabin (2007) and are compensated according to an aggregated performance measure in which tasks are technologically independent. We show that the...
Persistent link: https://www.econbiz.de/10012927853
Saved in:
3
Strategy-Proof Mechanism Design with Boundedly Rational Agents
Nishizaki, Katsuhiko
-
2020
This paper considers an implementation problem with bounded rationality of the agents. Bounded rationality presented here means that the agent might choose the agent's best response which is different from the agent's dominant strategy. To describe such a behavior, this paper introduces a new...
Persistent link: https://www.econbiz.de/10012838228
Saved in:
4
Mechanism Design with Farsighted Agents
Korpela, Ville
;
Lombardi, Michele
-
2019
classical questions of implementation
theory
under complete information in a setting with transfers where farsighted coalitions …
Persistent link: https://www.econbiz.de/10014105813
Saved in:
5
Present Bias and Collective Dynamic Choice in the Lab
Jackson, Matthew O.
-
2014
We study collective decisions by time-discounting individuals choosing a common consumption stream. We show that with any heterogeneity in time preferences, utilitarian aggregation necessitates a present bias. In lab experiments three quarters of `social planners' exhibited present biases, and...
Persistent link: https://www.econbiz.de/10013065273
Saved in:
6
Public procurement and reputation : an agent-based model
Fiorino, Nadia
;
Galli, Emma
;
Rizzo, Ilde
;
Valente, Marco
- In:
Metroeconomica : international review of economics
74
(
2023
)
4
,
pp. 806-832
Persistent link: https://www.econbiz.de/10014437459
Saved in:
7
Merger and acquisition pricing using agent based modelling
Agarwal, Nipun
;
Kwan, Paul
;
Paul, David
- In:
Economics, management and financial markets
13
(
2018
)
1
,
pp. 84-99
Persistent link: https://www.econbiz.de/10011891630
Saved in:
8
Estimating the use of higher-order
theory
of mind using computational agents
Weerd, Harmen de
;
Diepgrond, Denny
;
Verbrugge, Rineke
- In:
The B.E. journal of theoretical economics
18
(
2018
)
2
,
pp. 1-12
Persistent link: https://www.econbiz.de/10011897675
Saved in:
9
Performance-based pay and limited information access : an agent-based model of the hidden action problem
Reinwald, Patrick
;
Leitner, Stephan
;
Wall, Friederike
-
2024
Models involving human decision-makers often include idealized assumptions, such as rationality, perfect foresight, and access to relevant information. These assumptions usually assure the models' internal validity but, at the same time, might limit the models' power to explain empirical...
Persistent link: https://www.econbiz.de/10015326070
Saved in:
10
Regulation As Delegation
Bar-Gill, Oren
-
2015
words, government serves as our agent. Understood in light of Principal-Agent
Theory
(PAT) and Behavioral Principal …-Agent
Theory
(BPAT), a great deal of modern regulation can be helpfully evaluated as a hypothetical delegation. Shifting from …
Persistent link: https://www.econbiz.de/10013027459
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