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Persistent link: https://www.econbiz.de/10000939810
Reinforcement learning theory has produced important insights into economic behavior. Intriguingly, neuroscientists … characterizes the empirical implications of this theory for an idealized data set comprising both neuroscientific measurements and …
Persistent link: https://www.econbiz.de/10012730189
The WHO defines vaccine hesitancy as one of the ten biggest threats to global health nowadays. To contribute to finding a solution for vaccine hesitancy, this study aims at gaining new insights on the influence of the default effect, anticipated regret, and decision roles on vaccination...
Persistent link: https://www.econbiz.de/10013210789
This research examined whether people can accurately predict the risk preferences of others.Three experiments featuring different designs revealed a systematic bias: that participants predicted others to be more risk seeking than themselves in risky choices, regardless of whether the choices...
Persistent link: https://www.econbiz.de/10014026773
Welfare analyses conducted by policy practitioners around the world usually rely on equivalized or per-capita expenditures and ignore the extent of within-household inequality. Recent advances in the estimation of collective models suggest ways to retrieve the complete sharing process within...
Persistent link: https://www.econbiz.de/10014254963
In this paper we develop an analytically solvable and structurally estimable economic geography model and apply it to predict migration flows for the period following the CEE’s integration with the EU. The main innovation of our approach is that it endogenises both explanatory variables and...
Persistent link: https://www.econbiz.de/10011513081
This paper uses bilateral data on 420 merchandise trade flows between 21 industrial countries are used to estimate standard trade equations. The data set of over 11,000 observations allows the underlying elasticities to be estimated with considerable precision. Remarkably, a single specification...
Persistent link: https://www.econbiz.de/10013317692
Modelling price formation in electricity markets is a notoriously difficult process, due to physical constraints on electricity generation and flow. This difficulty has inspired the recent development of bottom-up agent-based models of electricity markets. While these have proven quite...
Persistent link: https://www.econbiz.de/10014170211
We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
Persistent link: https://www.econbiz.de/10013093034
There are two standard versions for one-shot oligopoly games: the Cournot game and the Bertrand game. The common feature is that in both games the strategic variables are supply curves. Under Cournot the supply curves are vertical lines in price-quantity space, under Bertrand they are horizontal...
Persistent link: https://www.econbiz.de/10013000864