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We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first result is that export...
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value EU food safety standards and quality assurance schemes such as Red Tractor highly. This suggests that attitudes to … lower ex- isting food safety and animal welfare standards. Potential policy solutions to ensure consumer preferences are …
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together rather than investing separately. We study the coordination and cooperation problems that might hinder successful … collaboration in a dynamic network setting. We develop an experiment in which coordination problems are mainly due to finding … collaborate. The results show that as costs of forming links increase, groups succeed less often in solving the coordination …
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coordination games. In this paper we analyze and discuss the solution concept for common coordination problems as incorporated in … considerable doubt on the idea of opportunistic team reasoning as a guide to coordination. Contrary to what TR would predict …
Persistent link: https://www.econbiz.de/10010350073
consensus values. Strategic coordination can consequently explain poor performances of prediction markets as resulting from the … robustness of coordination in a forecasting setting implementing contradictory incentives for accurate forecasts and coordination …. Forecasts are shown to be inaccurate and biased toward current values. This in turn has subjects aiming at coordination benefits …
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messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked …
Persistent link: https://www.econbiz.de/10010418867