Narrow search
Showing 1 - 10 of 12,356
Cover Image
When inefficiency begets efficiency
Gersbach, Hans; Haller, Hans - 2003
Collective consumption decisions taken by the members of a household may prove inefficient. The impact of such inefficient household decisions on market performance is investigated. At one extreme, market efficiency can occur even when household decisions are inefficient, namely when household...
Persistent link: https://www.econbiz.de/10010292768
Cover Image
Auctions under Payoff Uncertainty: The Case with Heterogeneous Bidder-Aversion to Downside Risk
Hu, Audrey; Zou, Liang - 2008
This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights, contracts, or licenses that involve ensuing payoff uncertainty for the winning bidder. The distribution of the random payoff is common knowledge, except that bidders have private...
Persistent link: https://www.econbiz.de/10010325804
Cover Image
Liberalisation of network industries: Is the electricity sector an exception to the rule?
Coppens, François; Vivet, David - 2004
telecommunications is in line with micro-economic theory, which predicts an increase in efficiency and lower prices when markets are …
Persistent link: https://www.econbiz.de/10011506581
Cover Image
Public Bank Guarantees and Allocative Efficiency
Gropp, Reint E.; Guettler, Andre; Saadi, Vahid - 2015
[Staatliche Bankgarantien und Allokationseffizienz] Im Zuge der jüngsten Finanzkrise haben viele Regierungen ihre … Bürgschaften auf die Kreditvergabe identifizieren zu können („Allokationseffizienz“). Unter Verwendung zusammengeführter Bank- und … Unternehmensdaten zeigt sich, dass staatliche Garantien diese Allokationseffizienz mindern. Werden Garantien gewährleistet, investieren …
Persistent link: https://www.econbiz.de/10011306638
Cover Image
Behavioral efficiency I: Definition, methodology and demonstration
Harstad, Ronald M. - 2011
Economic experiments conducted in laboratories employing an induced-values methodology can report on allocative efficiencies observed. This methodology is limited by requiring the experimenter to know subjects' motivations, an impossibility in field experiments. Allocative efficiency implies a...
Persistent link: https://www.econbiz.de/10010332372
Cover Image
Governing structural change and externalities in agriculture: toward a normative institutional economics of rural development
Petrick, Martin - 2004
The paper aims at a conceptual contribution to the normative economic analysis of rural de-velopment (RD) policies. RD is regarded as a problem of interaction between individuals; (lacking) structural change or the (missing) integration of externalities are therefore recon-structed as...
Persistent link: https://www.econbiz.de/10010299352
Cover Image
Auf dem Weg zur weltanschaulichen Bekenntnisschule: Das wirtschaftspolitische Leitbild der Hochschule Pforzheim
Maurer, Rainer - 2015
Dieses Diskussionspapier beleuchtet die PRME-Verpflichtung der Hochschule Pforzheim und die daraus resultierenden Probleme (Abschnitt 2) aus vier Perspektiven: der erkenntnistheoretischen (Abschnitt 3), der erfahrungswissenschaftlichen (Abschnitt 4), der juristischen (Abschnitt 5) und einer...
Persistent link: https://www.econbiz.de/10011327906
Cover Image
Tax Morality and Progressive Wage Tax
Simonovits, András - 2010
We analyze the impact of tax morality on progressive income (wage) taxation. We assume that transfers (cash-back) and public expenditures are financed from linear wage taxes. We derive the reported wages from individual utility maximization, when individuals obtain partial satisfaction from...
Persistent link: https://www.econbiz.de/10010494425
Cover Image
Gender pairing and bargaining: Beware the same sex!
Sutter, Matthias; Bosman, Ronald; Kocher, Martin; van … - 2008
We study the influence of gender and gender pairing on economic decision making in an experimental two-person bargaining game where the other party's gender is known to both actors. We find that (1) gender per se has no significant effect on behavior, whereas (2) gender pairing systematically...
Persistent link: https://www.econbiz.de/10010293381
Cover Image
The Pivotal Mechanism Revisited: Some Evidence on Group Manipulation
Gantner, Anita; Höchtl, Wolfgang; Sausgruber, Rupert - 2011
This paper studies the vulnerability of the pivotal mechanism with respect to manipulation by groups. In a lab experiment, groups decide on the implementation of various alternatives, some of which imply opposite interests for the two subgroups. We investigate the occurrence of tacit and...
Persistent link: https://www.econbiz.de/10010294803