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Evolution of cooperation in social dilemmas : signaling internalized norms ; conference paper
Müller, Stephan; Wangenheim, Georg von - 2014
Economists have a long tradition in identifying the evolution of cooperation in large, unstructured societies as a … puzzle. We suggest a new explanation for cooperation which avoids restrictions of most previous attempts. Our explanation … deals with the role of internalized norms for cooperation in large unstructured populations. Even internalized norms, i …
Persistent link: https://www.econbiz.de/10010483272
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A Dynamic Model of Equilibrium Selection in Signaling Markets
Noeldeke, Georg; Samuelson, Larry - Department of Economics and Finance Research and … - 1996
In his work on market signaling, Spence proposed a dynamic model of a signaling market in which a buyer revises prices …
Persistent link: https://www.econbiz.de/10005572005
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Information Transmission and Micro-structure rents in Emerging Markets
Siddiqi, Hammad - Volkswirtschaftliche Fakultät, … - 2009
This paper offers a first ever theoretical study of a unique financing instrument associated with prominent emerging equity markets in South Asia. The instrument known as badla, in local parlance, has two interesting aspects, which have been ignored thus far. Firstly, it may serve as an...
Persistent link: https://www.econbiz.de/10004999189
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The optimal design of funded pensions
Greco, Luciano G. - London School of Economics (LSE) - 2006
In many countries, pension funds based on individual accounts have been affected by high operating costs. Contract theory helps to unravel the nature of such problems: managers of pension funds have strong incentives to manipulate market expectations about their capacity through wasteful...
Persistent link: https://www.econbiz.de/10010746549
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Do race-based preferences perpetuate discrimination against marginalized ethnic groups?
Wydick, Bruce - In: Journal of Developing Areas 42 (2008) 1, pp. 165-181
a two-player signaling model to help understand labor-market effects of race-based preferential policies used in college … signaling is costly. In conclusion, the paper argues that race-base preferences cannot substitute for policies and programs that …
Persistent link: https://www.econbiz.de/10011213019
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Innovation Contests with Entry Auction
Giebe, Thomas - 2010
and innovations. In these equilibria, signaling in the entry auction does not occur since contestants play a simple …
Persistent link: https://www.econbiz.de/10010334102
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Venture Capitalists, Asymmetric Information, and Ownership in the Innovation Process
Fabrizi, Simona; Lippert, Steffen; Norbäck, Peh; … - 2008
' signaling-driven investment, despite the risk of buying a bad innovation. We nally show at what point the presence of active …
Persistent link: https://www.econbiz.de/10010320264
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Innovation contests with entry auction
Giebe, Thomas - 2010
and innovations. In these equilibria, signaling in the entry auction does not occur since contestants play a simple …
Persistent link: https://www.econbiz.de/10003935696
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Noisy signaling in monopoly
Mirman, Leonard J.; Salgueiro, Egas M.; Santugini, Marc - In: International Review of Economics & Finance 29 (2014) C, pp. 504-511
We study the informational role of prices in a stochastic environment. We provide a closed-form solution of the monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on output, market price, information flows, and expected...
Persistent link: https://www.econbiz.de/10010729770
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Subsidizing Consumption to Signal Quality of Workers
Borger, Bruno De; Glazer, Amihai - Department of Economics, University of California-Irvine - 2010
high signaling value, such as company cars, to their employees. We show that under plausible conditions the provision of …, because a large subsidy could destroy the signaling value of the benefit. The analysis shows that an employer may even provide …
Persistent link: https://www.econbiz.de/10008523578