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<title>Abstract</title> The author presents a brief classroom demonstration illustrating Bertrand price undercutting. The demonstration is appropriate for micro principles and intermediate- and upper-level undergraduate classes, as well as graduate classes in micro, industrial organization, and game theory.
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In this paper, we report a replication of Engel’s (Exp. Econ. 14(4):583–610, <CitationRef CitationID="CR10">2011</CitationRef>) meta-study of dictator game experiments. We find Engel’s meta-study of dictator game experiments to be robust, with one important exception: the coding of the take-option (List in J. Polit. Econ....</citationref>
Persistent link: https://www.econbiz.de/10010988972
Faced with an ageing population, governments are shifting the financial responsibility for retirement to their citizens. Employers, too, are shifting this responsibility to employees, with most now offering defined-contribution retirement plans. Yet it is widely acknowledged that consumers do...
Persistent link: https://www.econbiz.de/10011261243
We propose a computational model to study (the evolution of) post-secondary education. "Consumer" who differ in quality shop around for desirable colleges or universities. "Firm" that differ in quality signal the availability of their services to desirable students. Colleges and universities, as...
Persistent link: https://www.econbiz.de/10005245941
I present a brief classroom demonstration illustrating Bertrand price undercutting. The classroom demonstration is appropriate for Micro Principles, and both intermediate and upper level undergraduate, as well as graduate classes in micro, Industrial Organization, and Game Theory.
Persistent link: https://www.econbiz.de/10005245944
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In a series of articles and manuscripts (e.g., [Kruger, J., & Dunning, D. (1999). Unskilled and unaware of it: How difficulties in recognizing one's own incompetence lead to inflated self-assessment. Journal of Personality and Social Psychology, 77, 1121-1134; Dunning, D., Johnson, K., Ehrlinger,...
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