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Persistent link: https://www.econbiz.de/10010514569
The standard approach to nominal illusion in Economics sees it as a transitory phenomenon, as economic agents eventually see through the nominal veil, making the right choices. Recent empirical studies suggest that money illusion may persist, distorting real prices in a variety of economic...
Persistent link: https://www.econbiz.de/10012694352
activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or …
Persistent link: https://www.econbiz.de/10011932593
Persistent link: https://www.econbiz.de/10013555597
of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment …
Persistent link: https://www.econbiz.de/10010364492
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Does altruism and morality lead to socially better outcomes in strategic interactions than selfishness? We shed some light on this complex and non-trivial issue by examining a few canonical strategic interactions played by egoists, altruists and moralists. By altruists, we mean people who do not...
Persistent link: https://www.econbiz.de/10011771133
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This paper explores the reluctance of men (women) to acknowledge or recognise the work, comments, and claims of new ideas by other men (women) via widespread and intense demonstrations of indifference. Instances like desk rejections by journals by not allowing papers to reach a review stage,...
Persistent link: https://www.econbiz.de/10014265989
This paper presents a classroom experiment in cooperative behavior. Students make production decisions as a cartel and … oligopoly behavior, a description of and instructions for the cartel experiment, analysis of results of the experiment from … earn revenues based on their own output decision and the output decision of the rest of the cartel. Cooperative behavior …
Persistent link: https://www.econbiz.de/10014054848