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In this paper we consider conventions as regularities in behavior which help to solve coordinationproblems in a society. These problems can be formalized as non-cooperative games with severalequilibria. We know that in such situations serious problems of equilibrium selection arise whichcannot...
Persistent link: https://www.econbiz.de/10005866758
Facing a stochastic market wage, which is independent of their own hiring policy, employersoffer contracts specifying fixed wage, revenue share and employment duration.In ongoing employment relations it depends on the treatment whether fixed wages canbe only increased or also decreased. Will the...
Persistent link: https://www.econbiz.de/10005866536
Two firms compete on a sales market as well as in hiring labor. The duopolists'sales levels depend on their workforce. There are two each of two typesof workers, mobile and immobile, with differing effort costs. An immobileworker's eort costs are lower when he is employed by the local firm,...
Persistent link: https://www.econbiz.de/10005866634
Systematic experiments with distribution games (for a survey, see Roth, 1995, ) haveshown that participants are strongly motivated by fairness and efficiency considerations.This evidence, however, results mainly from experimental designs asking directly for sharingmonetary rewards. But even when...
Persistent link: https://www.econbiz.de/10005866809
Each of several exchange partners is the monopoly owner of a specific commoditywhich she can share with others. It is optimal to keep the own endowment, but allwould gain by mutual gift exchange. Participants play the game repeatedly in constantgroups (partner design) and can establish stable...
Persistent link: https://www.econbiz.de/10005866815
Bereits im Jahre 1980 wählte Horst Albach einen spieltheoretischen und experimentellökonomischenZugang zum Vertrauensproblem in der Ökonomik. Dieser Weg wird erneutbeschritten. Es wird aufgezeigt, dass neuere spieltheoretische und experimentelle Arbeitennicht nur die explanativen Grenzen des...
Persistent link: https://www.econbiz.de/10005866636
Medical doctors act as agents of their patients by either treating them directly orreferring them to other more or differently specialized doctors, who therebybecome “agents of agents”. The main aim of this paper is to model centralaspects of such two-layered agency relations in the medical...
Persistent link: https://www.econbiz.de/10005866722
Retributive responses do play a role in human behavior. Whether they are primarily triggered by supposed intentions or by observed consequences of actions is an important question. It can be addressed by experimental studies of retributive responses in situations in which the individual actor my...
Persistent link: https://www.econbiz.de/10005867005
Relying on the specific example of ultimatum bargaining experiments this paper explores the possible role of empirical knowledge of behavioural "norm(ative) facts" within the search for an inter-personal (W)RE - (Wide) Reflective Equilibrium on normative issues. Assuming that pro-social...
Persistent link: https://www.econbiz.de/10005090467
Retributive responses do play a role in human behavior. Whether they are primarily triggered by supposed intentions or by observed consequences of actions is an important question. It can be addressed by experimental studies of retributive responses in situations in which the individual actor...
Persistent link: https://www.econbiz.de/10005588006