We study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the...

We formally define Markov quantal response equilibrium (QRE) and prove existence for all finite discounted dynamic stochastic games. The special case of logit Markov QRE constitutes a mapping from precision parameter ... to sets of logit Markov QRE. The limiting points of this correspondence are...

Broadly speaking, institutional reformers decide about the sequencing of types of reforms, either addressing institutional quality or macroeconomic stability. This paper develops a dynamic population game, in which agents play a simple anonymous-exchange game of cooperating or defecting. Agents...

As long as electricity is generated from fossil fuels, the reduction of its consumption is an important direction for climate protection and related policy measures. Based on data of more than 3700 respondents in Germany, we thus empirically examine the relevance of a large set of well-known...

Can gender-balanced social norms mitigate the gender differences in competitiveness that are observed in traditional patriarchic as well as in modern societies? We experimentally assess men's and women's preferences to compete in a traditional society where women and men have similar rights and...

Inadequate hygiene during menstruation can have severe consequences, such as adverse health effects, lower educational attainment and higher work absenteeism. Cultural taboos and social norms surrounding menstruation may be responsible for misinformation on menstrual hygiene and may also prevent...