Showing 1 - 10 of 550
We show that for many classes of symmetric two-player games, the simple decision rule 'imitate-if-better' can hardly be … game or a quasiconcave game. Our results apply to many interesting examples of symmetric games including 2 x 2 games …, Cournot duopoly, price competition, public goods games, common pool resource games, and minimum effort coordination games. …
Persistent link: https://www.econbiz.de/10010282081
equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a …We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The 'TASP …
Persistent link: https://www.econbiz.de/10010288137
Little is known about the informal sector's income structure vis-à-vis the formal sector, despite its predominant economic weight in developing countries. While most of the papers on this topic are drawn from (emerging) Latin American, Asian or some African countries, Madagascar represents an...
Persistent link: https://www.econbiz.de/10011494342
This article studies the long run patterns and explanations of wage mobility as a characteristic of regional labor markets. Using German administrative data we describe wage mobility since 1975 in West and since 1992 in East Germany. Wage mobility declined substantially in East Germany in the...
Persistent link: https://www.econbiz.de/10010294700
In spite of its predominant economic weight in developing countries, little is known about informal sector income dynamics vis-à-vis the formal sector. Some works have been done in this field using household surveys, but they only consider some emerging Latin American countries and a few...
Persistent link: https://www.econbiz.de/10010305582
Unique residential history data with retrospective information on parental assets are used to study household wealth mobility in 141 villages in rural Bangladesh. Regression estimates of father-son correlations and analyses of intergenerational transition matrices show substantial persistence in...
Persistent link: https://www.econbiz.de/10010278457
This article studies the long run patterns and explanations of wage mobility as a characteristic of regional labor markets. Using German administrative data we describe wage mobility since 1975 in West and since 1992 in East Germany. Wage mobility declined substantially in East Germany in the...
Persistent link: https://www.econbiz.de/10010286898
In spite of its predominant economic weight in developing countries, little is known about the informal sector earnings structure compared to that of the formal sector. Taking advantage of the VHLSS dataset in Vietnam, in particular its three wave panel data (2002, 2004, 2006), we assess the...
Persistent link: https://www.econbiz.de/10010291419
The paper examines the application of semi-Markov models to the phenomenon of earthquakes in Tehran province. Generally, earthquakes are not independent of each other, and time and place of earthquakes are related to previous earthquakes; moreover, the time between earthquakes affects the...
Persistent link: https://www.econbiz.de/10010317845
This paper collects and reviews information about routes to retirement and exits from the labor force by older workers in Sweden. It gives a concise survey of rules of the major retirement schemes covering disability, sickness and unemployment. Usinglongitudinal micro data from the period...
Persistent link: https://www.econbiz.de/10010321633