We investigate a process of decision-making in a multi-period winner-take-all contest, in which competing players simultaneously choose among actions with different levels of risk every period. Strategic risk-taking is analyzed in isolation from effort choices, and, according to expected utility...

Why do we observe proliferation of bilateral free trade agreements (FTAs) between certain types of countries instead of having progress in attaining global free trade through a multilateral FTA? We answer this question by exploring the enforceability of different types of FTAs through comparing...

In this paper we consider a model with two industrialised countries and immigrants that come from "the rest of the world". The countries are distinguished on the basis of three parameters: population size, bias towards immigrants, and production complementarity between native population and...

This paper proposes a model for a certification market with an imperfect testing technology. Such a technology only assures that whenever two products are tested the higher quality product is more likely to pass than the lower quality one. When only one certifier with such testing technology is...

We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to consumers, independent of whether buyers are automated or...

In this paper we consider a model with two industrialised countries and immigrants that come from the rest of the world . The countries are distinguished on the basis of three parameters: population size, bias towards immigrants, and production complementarity between native population and...

In this paper we consider a model with two industrialised countries and immigrants that come from the rest of the world. The countries are distinguished on the basis of three parameters: population size, bias towards immigrants, and production complementarity between native population and...

We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to consumers, independent of whether buyers are automated or...

This paper experimentally investigates the effects of a costly punishment option on cooperation and social welfare in long finitely repeated public good contribution games. In a perfect monitoring environment increasing the severity of the potential punishment monotonically increases both...