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This paper investigates two different approaches to the analysis of institutions using game theory and discusses their methodological and theoretical implications for further research. Starting from von Neumann and Morgenstern's theory, we investigate, how Schotter and Schelling's approaches to...
Persistent link: https://www.econbiz.de/10010148370
We study cartel stability in a differentiated price-setting duopoly with returns to scale. We show that a cartel may be equally stable in the presence of lower differentiation, provided that the decreasing returns parameter is high. In addition we demonstrate that for a given factor of discount,...
Persistent link: https://www.econbiz.de/10009959088
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]) in perceiving economic and financial information, and, in particular, the gender differences in the degree of these … ; experimental economics and finance ; hindsight bias ; information and knowledge …
Persistent link: https://www.econbiz.de/10009958463
In October 2002, a substitution reform was introduced in the Swedish pharmaceuticals market. In this paper, the effects of increased price competition due to the reform on the entry of new pharmaceutical products were studied. The results show that the reform did affect the entry behavior of...
Persistent link: https://www.econbiz.de/10009958464
Das amerikanische Politmagazin Foreign Policy befragte zwischen August und September 2012 insgesamt 62 bekannte US-Ökonomen, worin sie die Hauptursache für die schleppende Erholung des Arbeitsmarkts sehen. Am häufigsten genannt wurde "Unsicherheit" (31 Prozent). Was ist mit diesem Begriff...
Persistent link: https://www.econbiz.de/10010079515
Disclosure of private medical information allows insurance companies to better predict medical expenditures. The … disclose their medical information. I find that healthier employees prefer to disclose medical information that results in a … and the employee turnover rate is high, it makes the incentive to disclose (or conceal) information stronger and the …
Persistent link: https://www.econbiz.de/10010097676
through the exchange of matter, energy, information and knowledge. The optimal allocation of resources cannot be left to the …
Persistent link: https://www.econbiz.de/10010097697