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This paper experimentally investigates the effects of a costly punishment option on cooperation and social welfare in … increased cooperation offset the social costs of punishing …
Persistent link: https://www.econbiz.de/10013118506
, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …
Persistent link: https://www.econbiz.de/10003923092
We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy …
Persistent link: https://www.econbiz.de/10009500733
, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …-Märkten. Im Einklang mit der ökonomischen Theorie sind Firmen ohne Marktmacht in der Lage, einen großen Anteil der Last einer …
Persistent link: https://www.econbiz.de/10009409129
, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …
Persistent link: https://www.econbiz.de/10013133937
-communication, as the information transmitted is lower than what theory predicts in the most informative equilibrium. Senders are worse …
Persistent link: https://www.econbiz.de/10014241064
We develop an experimental framework to investigate the quantity theory of money and the real effects of inflation in … significant real effects with proportional transfers. A deviation from theory is that the detrimental effect of money growth in …
Persistent link: https://www.econbiz.de/10013542097
, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …
Persistent link: https://www.econbiz.de/10013149368
We develop a novel experimental paradigm to study the causal impact of trading algorithms on informational efficiency, liquidity, and welfare. In our design, public information about the asset value is revealed during trading, which gives algorithms a reaction speed advantage. We distinguish...
Persistent link: https://www.econbiz.de/10014351067
, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …
Persistent link: https://www.econbiz.de/10014189876