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Can econometric analysis make (agricultural) economics a hard science? Critical remarks and implications for economic methodology
Petrick, Martin - 2004
) claims to follow and expresses some serious doubt that econometrics in particular can make economics a hard science …
Persistent link: https://www.econbiz.de/10010322736
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Econometric causality
Heckman, James Joseph - 2008
This paper presents the econometric approach to causal modeling. It is motivated by policy problems. New causal parameters are defined and identified to address specific policy problems. Economists embrace a scientific approach to causality and model the preferences and choices of agents to...
Persistent link: https://www.econbiz.de/10010274247
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Equilibrium Selection under Different Learning Modes in Supermodular Games
Kaarboe, Oddvar M.; Tieman, Alexander F. - 1999
We apply the dynamic stochastic framework proposed by recent evolutionaryliterature to the class of strict supermodular games when two simplebehavior rules coexist in the population, imitation and myopic optimization. We assume that myopic optimizers are able to see how well their payoff...
Persistent link: https://www.econbiz.de/10010324637
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Network topology and equilibrium existence in weighted network congestion games
Milchtaich, Igal - 2010
Every finite noncooperative game can be presented as a weighted network congestion game, and also as a network congestion game with player-specific costs. In the first presentation, different players may contribute differently to congestion, and in the second, they are differently (negatively)...
Persistent link: https://www.econbiz.de/10010335972
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Market formation in bilateral oligopolies
Bloch, Francis; Ferrer, Hélène - 1999
This paper investigates the structure of bilateral oligopolies - a simple version of Shapley Shubik games with two types of traders and two commodities. It shows that interior equilibria exist, studies the example of CES utility functions to uncover the relation between the complementarity of...
Persistent link: https://www.econbiz.de/10011608523
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Export subsidies and endogenous market structures: Some neglected issues
Lorz, Jens Oliver - 1992
Persistent link: https://www.econbiz.de/10010275582
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Multi-Market Competition and Coordination in Games
Ganslandt, Mattias - 1997
This thesis consists of one essay in industrial organization and two essays in non-cooperative game theory. …
Persistent link: https://www.econbiz.de/10010334644
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The New Basel Accord and the Nature of Risk: A Game Theoretic Perspective
Siebe, Wilfried; Milde, Hellmuth; Broll, Udo; Bieta, Volker - 2007
– game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …
Persistent link: https://www.econbiz.de/10010296819
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To Help or not to Help: The Samaritan's Dilemma Revisited
Schmidtchen, Dieter - 1999
Helping somebody may undermine his incentives to work. What Buchanan identified more than 25 years ago as the Samaritan's dilemma is basically a time-inconsistency problem. The paper discusses possible solutions of the dilemma such as punishment within an iterated game, reshaping the game in the...
Persistent link: https://www.econbiz.de/10010296908
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Product innovation and product innovation marketing: theory and microeconometric evidence
Kaiser, Ulrich - 2001
This paper derives a three stage Cournot?oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10010297768