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Inflated reputations : uncertainty, leniency, and moral wiggle room in trader feedback systems
Bolton, Gary E.; Kusterer, David J.; Mans, Johannes - In: Management science : journal of the Institute for … 65 (2019) 11, pp. 5371-5391
Persistent link: https://www.econbiz.de/10012125974
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The influence of wages on public officials' corruptibility : a laboratory investigation
Veldhuizen, Roel van - 2013
Previous studies have proposed a link between corruption and wages in the public sector. The present paper investigates …
Persistent link: https://www.econbiz.de/10010195402
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Anti-corruption policy-making, discretionary power, and institutional quality : an experimental analysis
Boly, Amadou; Gillanders, Robert - 2016
We analyse policy makers' incentives to fight corruption under different institutional qualities. We find that 'public … officials', even when non-corrupt, significantly distort anti-corruption institutions by choosing a lower detection probability … legal equality can be considered worse in reducing corruption. Finally, corruption is significantly lower when the detection …
Persistent link: https://www.econbiz.de/10011517268
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Identifying the reasons for coordination failure in a laboratory experiment
Külpmann, Philipp; Khantadze, Davit - 2016
We investigate the effect of absence of common knowledge on the outcomes of coordination games in a laboratory experiment. Using cognitive types, we can explain coordination failure in pure coordination games while differentiating between coordination failure due to first- and higher-order...
Persistent link: https://www.econbiz.de/10011537616
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Bounded rationality in Keynesian beauty contests : a lesson for central bankers?
Mauersberger, Felix; Nagel, Rosemarie; Bühren, Christoph - 2020
The great recession (2008) triggered an apparent discrepancy between empirical findings and macroeconomic models based on rational expectations alone. This gap led to a series of recent developments of a behavioral microfoundation of macroeconomics combined with the underlying experimental and...
Persistent link: https://www.econbiz.de/10012231504
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Patrick Suppes and game theory
Binmore, Ken - In: The journal of economic methodology 23 (2016) 3, pp. 241-251
Persistent link: https://www.econbiz.de/10011585092
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Experiments in economics : a survey
Gupta, Gautam - In: Studies in microeconomics 7 (2019) 1, pp. 89-109
Persistent link: https://www.econbiz.de/10012159968
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Cheap-talk communication in procurement auctions : theory and experiment
Onderstal, Sander; Yang, Yang - 2020
In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods and services procured. Therefore, the buyer may include a dialogue in the procurement procedure which enables the suppliers to reveal information that will help the buyer to...
Persistent link: https://www.econbiz.de/10012167341
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Bounded rationality in Keynesian beauty contests : a lesson for central bankers?
Mauersberger, Felix; Nagel, Rosemarie; Bühren, Christoph - 2019
The goal of this paper is to show how adding behavioral components to micro-foundated models of macroeconomics may contribute to a better understanding of real world phenomena. The authors introduce the reader to variations of the Keynesian Beauty Contest (Keynes, The General Theory of...
Persistent link: https://www.econbiz.de/10012120039
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Chapter 35 A Survey of Peace Economics
Anderton, Charles H.; Carter, John R. - In: Handbook of defense economics : volume 2, Defense in a …, (pp. 1211-1258). 2007
Peace economics can be defined as the use of economics to understand the causes and effects of violent conflict in the international system and the ways that conflict can be avoided, managed, or resolved. This chapter surveys major subject areas of peace economics, highlighting seminal as well...
Persistent link: https://www.econbiz.de/10014024394