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Convergent evidence for detrimental effects of punishment on cooperation has been obtained in a wide variety of … environments, ranging from American students facing punishment in laboratory experiments, to Israeli parents facing fines for … arriving late to their child’s day care. We show here that enhancing the norm salience role of punishment can eliminate its …
Persistent link: https://www.econbiz.de/10009441131
Game theoretic modeling involves making assumptions on agents' infinite hierarchies of beliefs. These assumptions are understood to be only approximately satisfied in the actual situation. Thus, the significance of game theoretic predictions depend on robustness properties of the solution...
Persistent link: https://www.econbiz.de/10009438697
There is evidence that some multi-person households may withhold income transfers, such as bonuses, gifts, and cash transfers, from other members of the household (Ashraf (2009); Vogler and Pahl, (1994)). In this paper, I show that the incentives to hide income under incomplete information...
Persistent link: https://www.econbiz.de/10009446142
I present a simple model of intra-household allocation between spouses to show that when the quantity of resources available to the household is not perfectly observed by both spouses, hiding of income can occur even when revelation of the additional resources increases bargaining power. From...
Persistent link: https://www.econbiz.de/10009444365
This paper shows that generators exercised increasing market power in the England and Wales wholesale electricity market in the second half of the 1990s despite declining market concentration. It examines whether this was consistent with static, non-cooperative oligopoly models, which are widely...
Persistent link: https://www.econbiz.de/10009441995
We discuss the strategic behavior of agents on a financial market in the presence of a central bank which is borrowing and lending money.
Persistent link: https://www.econbiz.de/10009452447
Persistent link: https://www.econbiz.de/10009452458
Electricity markets in the United States presently employ an auction mechanism to determine the dispatch of power generation units. In this market design, generators submit bid prices to a regulation agency for review, and the regulator conducts an auction selection in such a way that satisfies...
Persistent link: https://www.econbiz.de/10009429951
In this paper, we study the local dial-up Internet access market using a game theoretic model. Inparticular, we consider the Nash equilibrium of the service providers and examine their behavioron investment and output level. We calibrate this model to fit the industry structure and datafound in...
Persistent link: https://www.econbiz.de/10009432833
As networks improve and new services emerge, questions arise that affect service deployments and network choices. The Internet is arguably a successful example of a network shared by many services. However, combining heterogeneous services on the same network need not always be the right answer,...
Persistent link: https://www.econbiz.de/10009438861