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Non-Bayesian updating in a social learning experiment
De Filippis, Roberta; Guarino, Antonio; Jehiel, Philippe; … - 2020
In our laboratory experiment, subjects, in sequence, have to predict the value of a good. The second subject in the … another experiment, we directly test the LRTU model and find support for it. …
Persistent link: https://www.econbiz.de/10012621137
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Allocation, externalities, and the fair division approach: an experimental study
Weiland, Torsten - 2008
the same time, exerts negative externalities on the non-acquiring bidders. Both the bidders'; valuations of the good and …
Persistent link: https://www.econbiz.de/10010263876
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Inducing human capital formation: Migration as a substitute for subsidies
Stark, Oded; Wang, Yong - 2001
When productivity is fostered by an individual's own human capital as well as by the economy-wide average level of human capital, individuals under-invest in human capital. The provision of subsidies for the formation of human capital, conditional on the subsidy being self-financed by tax...
Persistent link: https://www.econbiz.de/10010292740
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Externalities in Recruiting
Kräkel, Matthias; Lammers, Frauke; Szech, Nora - 2011
According to the previous literature on hiring, ?rms face a trade-off when deciding on external recruiting: From an incentive perspective, external recruiting is harmful since admission of external candidates reduces internal workers’ career incentives. However, if external workers have high...
Persistent link: https://www.econbiz.de/10010293365
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Externalities, communication and the allocation of decision rights
Bester, Helmut - 2005
This paper views authority as the right to undertake decisions that impose externalities on other members of the …
Persistent link: https://www.econbiz.de/10010299085
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On the Stability of Hierarchies in Games with Externalities
Currarini, Sergio - 2003
Demange (1994, 2002), extend to partition function games with negative externalities. Under positive externalities, although …
Persistent link: https://www.econbiz.de/10011325041
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Bidding among Friends and Enemies
Ettinger, David - 2003
paid by the winner. We study the impact of these price-externalities on the first-price auction and the second … independently from the identity of the winner. We prove that the first-price auction is not affected by this kind of price-externalities … by the presence of such price-externalities. In any case, in comparison with the first-price auction, the second …
Persistent link: https://www.econbiz.de/10011325066
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The core in the presence of externalities
Kóczy, Lásló À. - 2002
We generalise the coalition structure core to partition function games. Our definition relies only on one crucial assumption, namely that there is some internal consistency in the game: residuals of the deviation play a game similar to the initial one, and –whenever this is possible– they...
Persistent link: https://www.econbiz.de/10011335686
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Stable organizations with externalities
Currarini, Sergio - 2002
externalities. An organization is defined as a group of agents, together with a set of bilateral relations, formally, a connected … graph. Because of the presence of externalities, the profitability of coalitional threats to an organization depend on the … externalities, while the fully connected organization emerges under negative. This result is shown to hold independently of the …
Persistent link: https://www.econbiz.de/10011335721
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Competing Recombinant Technologies for Environmental Innovation
Zeppini, Paolo; van den Bergh, Jeroen C.J.M. - 2010
This article presents a model of sequential decisions about investments in environmentally dirty and clean technologies, which extends the path-dependence framework of Arthur (1989). This allows us to evaluate if and how an economy locked into a dirty technology can be unlocked and move towards...
Persistent link: https://www.econbiz.de/10010325877