This paper explores a model of bounded rationality in evolutionary game play in which agent choice is based on a social psychological process of categorization and social inference. The computer simulation of the model demonstrates that agents' increasing ability to categorize opponents in the...

This paper explores a model of bounded rationality in evolutionary game play in which agent choice is based on a social psychological process of categorization and social inference. The computer simulation of the model demonstrates that agents' increasing ability to categorize opponents in the...

This paper explores the relation between the regulation of monopolistic upstream prices and the incentives of a vertically integrated input monopolist to discriminate third parties on the downstream market. Currently, this is an issue in network industries like telecommunications, electricity...

We present the results of a pre-registered natural field experiment designed to uncover a sophisticated form of discrimination against an immigrant minority in a market for credence goods. For this purpose, we introduce two markups: (i) the credence goods markup defined as the difference between...