Recent literature has emphasized that individuals display different depths of reasoning when playing games. In this paper, we explore gender differences in strategic sophistication and study whether these differences are endogenous. We report results from two different experiments employing the...

Level-k and team reasoning theories, among others, have been used to explain experimental evidence on coordination games. Both theories succeed in explaining some results and both fail in explaining other results. Sometimes it is impossible to discriminate between them. For this reason we...

We report an experimental test of level-k theory, applied to three simple games with non-neutral frames: Coordination, Discoordination and Hide and Seek. Using the same frame for all three games, we derive hypotheses that apply across the games and are independent of prior assumptions about...

In regulated businesses, utility companies are facing asymmetric risks due to ex-ante regulation. Shareholders have to question whether their business is earning appropriate returns taking into account those asymmetric risks involved. Adequate performance measures need to be designed and...

In the last few years many studies have been carried out on the Celtic Tiger miracle, i.e., on the spectacular economic growth Ireland experienced between 1995 and 2007. All the studies agree on the key factors that explain this progress, including the commitment to specialized training designed...

A discussion of the effects of partners’ labour force participation on marital stability has been part of the demographic debate for several decades. While theorists generally agree that men’s employment has a stabilizing effect on marriage, there is considerable controversy about the...

The Great Recession has been hard on recent college graduates, but it has been even harder for black recent college graduates. This report examines the labor-market outcomes of black recent college graduates using the general approach developed by Federal Reserve Bank of New York researchers...

Many developing countries find it difficult to raise the revenue required to provide such basic public services as education, health care, and infrastructure. Complicating the policy challenges of taxation in developing countries are issues that most developed countries do not face, including...

A significant increase of concentration in the UK salmon retail subsector has heightened concerns about retail firms’ ability to exercise market power in the purchase of supplies (oligopsony power). To assess the extent to which retail firms have exercised oligopsony power, we develop a...