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On mu from the logistic quantal-response equilibrium
Veszteg, Robert Ferenc - In: Economics Bulletin 32 (2012) 1, pp. 102-111
This note reflects on the key parameter of the popular logistic quantal-response equilibrium in order to set some common guidelines on its empirical interpretation. It is stressed that the estimated model must be in harmony with the experimental design, because the estimation results on mu prove...
Persistent link: https://www.econbiz.de/10009397029
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Random incentive systems in a dynamic choice experiment
Baltussen, Guido; Post, G.; Assem, Martijn; Wakker, Peter - In: Experimental Economics 15 (2012) 3, pp. 418-443
Experiments frequently use a random incentive system (RIS), where only tasks that are randomly selected at the end of …
Persistent link: https://www.econbiz.de/10010866268
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Economic Field Experiments: Comments on Design Efficiency, Sample Size and Statistical Power
Ledolter, Johannes - In: Journal of Economics and Management 9 (2013) 2, pp. 271-290
This paper puts forward suggestions that could improve the efficiency of field experiments as they are currently … carried out in experimental economics. Two recommendations are made: (1) Prior to the actual study, economic field experiments … should include sample size calculations that confirm that meaningful effects can be detected. (2) Economic field experiments …
Persistent link: https://www.econbiz.de/10010685022
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The role of simulation methods in Macroeconomics
Novales, Alfonso - In: Spanish Economic Review 2 (2000) 3, pp. 155-181
After reviewing the reasons to use solution methods in macroeconomics, this survey paper discusses different aspects relative to a rigorous use of the numerical output of such methods. Special attention is paid to suggestions that have been made to incorporate parameter uncertainty. Finally, the...
Persistent link: https://www.econbiz.de/10005155585
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How to do empirical economics
Kamarz, Francis; Angrist, Joshua D.; Blau, David M.; … - In: Investigaciones Economicas 30 (2006) 2, pp. 179-206
This article presents a discussion among leading economists on how to do empirical research in economics. The participants discuss their reasons for starting research projects, data base construction, the methods they use, the role of theory, and their views on the main alternative empirical...
Persistent link: https://www.econbiz.de/10005736280
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Power TAC: A competitive economic simulation of the smart grid
Ketter, Wolfgang; Collins, John; Reddy, Prashant - In: Energy Economics 39 (2013) C, pp. 262-270
Sustainable energy systems of the future will need more than efficient, clean, low-cost, renewable energy sources; they will also need efficient price signals that motivate sustainable energy consumption as well as a better real-time alignment of energy demand and supply. The Power Trading Agent...
Persistent link: https://www.econbiz.de/10010681728
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Employee incentives: Bonuses or penalties?
Nosenzo, Daniele - In: IZA World of Labor (2016)
Firms regularly use incentives to motivate their employees to be more productive. However, often little attention is paid to the language used in employment contracts to describe these incentives. It may be more effective to present incentives as entitlements that can be lost by failing to reach...
Persistent link: https://www.econbiz.de/10011573624
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Are happy workers more productive?
Proto, Eugenio - In: IZA World of Labor (2016)
Recently, large companies like Google have made substantial investments in the well-being of their workers. While evidence shows that better performing companies have happier employees, there has been much less research on whether happy employees contribute to better company performance. Finding...
Persistent link: https://www.econbiz.de/10011573704
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Corruption and bureaucracy in public services
Ionescu, Luminiţa; Lăzăroiu, George; Iosif, Gheorghe - In: Amfiteatru Economic Journal 14 (2012) Special No. 6, pp. 665-679
The theory that we shall seek to elaborate here puts considerable emphasis on the importance of big-time corruption in reducing funding for service delivery, the value of bureaucracy as a means of delivering public services, and the level of politicization of the public bureaucracy. This paper...
Persistent link: https://www.econbiz.de/10011724793
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Price complexity and buyer confusion in markets
Kalaycı, Kenan - In: Journal of Economic Behavior & Organization 111 (2015) C, pp. 154-168
This paper reports a duopoly market experiment that examines the effects of price complexity on market prices. In my experimental posted-offer markets, each seller offers an identical good to buyers with homogeneous preferences. First, sellers simultaneously decide on the price and the tariff...
Persistent link: https://www.econbiz.de/10011208872