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Price Rigidity and Strategic Uncertainty An Agent-based Approach
Somogyi, Róbert; Vincze, János - 2011
The phenomenon of infrequent price changes has troubled economists for decades. Intuitively one feels that for most price-setters there exists a range of inaction, i.e. a substantial measure of the states of the world, within which they do not wish to modify prevailing prices. However, basic...
Persistent link: https://www.econbiz.de/10010494473
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Solving the bi-level problem of a closed optimization of electricity price zone configurations using a genetic algorithm
Felling, Tim - 2019
The topic of alternative price zone configurations is frequently discussed in Central Western Europe where - so far - national borders coincide with borders of price zones. Reconfiguring these price zones is one option in order to improve congestion management, foster trading across borders of...
Persistent link: https://www.econbiz.de/10012042075
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Discrete public goods: Contribution levels and learning as outcomes of an evolutionary game
Clemens, Christiane; Riechmann, Thomas - 2002
This paper examines the learning dynamics of boundedly rational agents, who are asked to voluntarily contribute to a discrete public good. In an incomplete information setting, we discuss contribution games and subscription games, the latter including a money-back guarantee in case of provision...
Persistent link: https://www.econbiz.de/10010317618
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What drives taxi drivers? A field experiment on fraud in a market for credence goods
Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - 2011
measure different types of fraud and to examine the influence of passengers' presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …. Higher income seems to lead to more fraud. …
Persistent link: https://www.econbiz.de/10010294777
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Do newspaper articles on card fraud affect debit card usage?
Kosse, Anneke - 2011
This paper investigates the impact of newspaper publications about debit card skimming fraud on debit card usage in the … phenomenon of skimming fraud significantly affect the number of debit card payments. The direction of the effect depends on the … type of skimming fraud addressed. Newspaper articles on fraud at points-of-sale (POS) and ticket machines depress the …
Persistent link: https://www.econbiz.de/10011605435
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Withering academia?
Frey, Bruno S. - 2010
, increased division of labor in research, intense publication pressure, academic fraud, dilution of the concept of 'university …
Persistent link: https://www.econbiz.de/10010274980
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What drives taxi drivers? A field experiment on fraud in a market for credence goods
Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - 2011
measure different types of fraud and to examine the influence of passengers' presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …. Higher income seems to lead to more fraud. …
Persistent link: https://www.econbiz.de/10010274989
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Price competition and reputation in credence goods markets: Experimental evidence
Mimra, Wanda; Rasch, Alexander; Waibel, Christian - 2016
customers. As experts provide both diagnosis and treatment, this leaves scope for fraud. We experimentally investigate how … to defraud his customers when the expert can build up reputation. We show that the level of fraud is significantly higher … competition. More customer information does not necessarily decrease the level of fraud. …
Persistent link: https://www.econbiz.de/10011753240
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What drives fraud in a credence goods market? Evidence from a field study
Rasch, Alexander; Waibel, Christian - 2013
This paper investigates the impact of four key economic variables on an expert firm’s incentive to defraud its customers in a credence goods market: the level of competition, the expert firm’s financial situation, its competence, and its reputational concerns. We use and complement the...
Persistent link: https://www.econbiz.de/10011753243
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evtree: Evolutionary Learning of Globally Optimal Classification and Regression Trees in R
Grubinger, Thomas; Zeileis, Achim; Pfeiffer, Karl-Peter - 2011
Commonly used classification and regression tree methods like the CART algorithm are recursive partitioning methods that build the model in a forward stepwise search. Although this approach is known to be an efficient heuristic, the results of recursive tree methods are only locally optimal, as...
Persistent link: https://www.econbiz.de/10010294812