Showing 1 - 10 of 133
Salient social comparisons to peers are generally thought to increase people's productive effort. But social comparisons can also become ends in themselves, with individuals seeking to outrank others by costly, non-productive means. This paper explores the motives behind such tendencies in the...
Persistent link: https://www.econbiz.de/10013272190
We prove the existence of an increasing equilibrium, and study the comparative statics of correlation in the k-double auction with affiliated private values. This is supposedly the simplest bilateral trading mechanism that allows for dependence in valuations between buyers and sellers. In the...
Persistent link: https://www.econbiz.de/10011324889
This paper analyse how previous experience and affiliation influence individual employees but also the current …
Persistent link: https://www.econbiz.de/10011399900
Despite their importance, games with incomplete information and dependent types are poorly understood; only special cases have been considered and a general approach is not yet available. In this paper, we propose a new condition (named richness) for correlation of types in (asymmetric) Bayesian...
Persistent link: https://www.econbiz.de/10010352858
The paper analyzes a first price, sealed bid auction with a random reservation price where the object has an unknown common value, but one buyer has better information than the others. We permit the reservation price to be correlated with the information of the informed buyer, which reflects...
Persistent link: https://www.econbiz.de/10012235725
Affiliation has been a prominent assumption in the study of economic models with statistical dependence. Despite its … large number of applications, especially in auction theory, affiliation has limitations that are important to be aware of …. This paper shows that affiliation is a restrictive condition and the intuition usually given for its adoption may be …
Persistent link: https://www.econbiz.de/10010282914
Affiliation has been a prominent assumption in the study of economic models with statistical dependence. Despite its … large number of applications, especially in auction theory, affiliation has limitations that are important to be aware of …. This paper shows that affiliation is a restrictive condition and the intuition usually given for its adoption may be …
Persistent link: https://www.econbiz.de/10010282939
the single agent case. Then, we show that affiliation of the random variables is a necessary and sufficient condition for …
Persistent link: https://www.econbiz.de/10010261151
I propose two new tests of Falk and Knell's (2004)prediction that individuals'reference income increases with ability. To overcome the difficulty that the reference income is not observed in existing large data sets, I extend Falk and Knell's model to establish a link between immigrants'...
Persistent link: https://www.econbiz.de/10010298808
This study examines the effects of social comparison with a wide range of reference groups on the life satisfaction of Turkish immigrants in the Netherlands. For two sets of ethnic and life-domain reference groups, results are obtained that deviate from the findings of recent studies and that...
Persistent link: https://www.econbiz.de/10011307494