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Pittel, Karen; Rübbelke, Dirk - 2009

just obeying and, hence, to be irrational. In this paper we offer a different approach which postulates rationality of all …

Persistent link: https://www.econbiz.de/10011753167

Decision Processes of a Suicide Bomber – Integrating Economics and Psychology

Pittel, Karen; Rübbelke, Dirk T. G. - 2009

This paper provides a theoretical analysis regarding the rationality of suicide attacks from an economist’s point of … psychological concepts of cognitive dissonance and terror management theory into our economic analysis, we demonstrate why … – although predicted by standard economic theory – defection is a phenomenon rarely observed. We finally present some policy …

Persistent link: https://www.econbiz.de/10011753170

Adverse selection among early adopters and unraveling innovation

McGee, Rory - 2023

I provide an equilibrium analysis of 'selection markets': where consumers not only vary in how much they are willing to pay, but also in how much they cost to the seller. The model provides a joint explanation for three empirical phenomena: low uptake of existing products, slow demand for new...

Persistent link: https://www.econbiz.de/10014581822

A stationary equilibrium model of green technology adoption with endogenous carbon price

Dammann, Felix; Ferrari, Giorgio - 2024

This paper proposes and analyzes a stationary equilibrium model for a competitive industry which endogenously determines the carbon price necessary to achieve a given emission target. In the model, firms are identified by their level of technology and make production, entry, and abatement...

Persistent link: https://www.econbiz.de/10014494914

Renegotiation-Proof Third-Party Contracts under Asymmetric Information

Gerratana, Emanuele; Koçkesen, Levent - 2012

This paper characterizes the equilibrium outcomes of two-stage games in which the second mover has private information and can sign renegotiable contracts with a neutral third-party. Our aim is to understand whether renegotiation-proof third-party contracts can confer a strategic advantage on...

Persistent link: https://www.econbiz.de/10010500203

Wage flexibility in ongoing employment relations: an experiment with a stochastic labor market

Berninghaus, Siegfried K.; Bleich, Sabrina; Güth, Werner - 2007

Facing a stochastic market wage, which is independent of their own hiring policy, employers offer contracts specifying fixed wage, revenue share and employment duration. In ongoing employment relations it depends on the treatment whether fixed wages can be only increased or also decreased. Will...

Persistent link: https://www.econbiz.de/10010263823

Subjective rationality. The search for visually perceivable principles of order in urban research until 1975

Brünenberg, Stefanie - In: sub\urban : Zeitschrift für kritische Stadtforschung 10 (2022) 2/3, pp. 43-69

"spatial value number" reveals the incompatibility of rationality and aesthetics: the individual urban experience cannot be …

Persistent link: https://www.econbiz.de/10013479445

Multiple equilibria in markets and games

Jann, Ole - 2016

Persistent link: https://www.econbiz.de/10012503182

Auction Design without Commitment

Vartiainen, Hannu - 2003

We study auction design when parties cannot commit themselves to the mechanism. The seller may change the rules of the game and the buyers choose their outside option at all stages. We assume that the seller has a leading role in equilibrium selection at any stage of the game. Stationary...

Persistent link: https://www.econbiz.de/10011325053

Competition and Irreversible Investments under Uncertainty

Moretto, Michele - 2003

This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a generalization of the "real option" approach. We examine this issue with reference to an industry where each firm has only one investment opportunity which is completely irreversible and...

Persistent link: https://www.econbiz.de/10011325060

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