Showing 1 - 10 of 3,679
This paper studies how the prehistoric geographic distribution of domesticable transport animal species has contributed to shaping differences in development. I identify the historic ranges of the ten animal species that are (1) suitable for domestication and (2) suitable for carrying loads....
Persistent link: https://www.econbiz.de/10014232628
Persistent link: https://www.econbiz.de/10011780497
Prior laboratory experiments have studied general equilibrium economies constructed from \induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, \homegrown" preferences. Our subjects reveal their preferences...
Persistent link: https://www.econbiz.de/10011771668
Prior laboratory experiments have studied general equilibrium economies constructed from "induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, "homegrown" preferences. Our subjects reveal their preferences...
Persistent link: https://www.econbiz.de/10011758295
This paper reports the results of an experimental investigation which allows a deeper insight into the nature of social preferences amongst organized criminals and how these differ from "ordinary" criminals on the one hand and from the non‐criminal population in the same geographical area on...
Persistent link: https://www.econbiz.de/10011458326
In the latter half of the fourth millennium BC, our ancestors witnessed a remarkable transformation, progressing from simple agrarian villages to complex urban civilizations. In regions as far apart as the Nile Valley, Mesopotamia, Central Asia, and the Indus Valley, the first states appeared...
Persistent link: https://www.econbiz.de/10014468991
We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...
Persistent link: https://www.econbiz.de/10009764814
In premium auctions, the highest losing bidder receives a reward from the seller. This paper studies the private value English premium auction (EPA) for different risk attitudes of bidders. We explicitly derive the symmetric equilibrium for bidders with CARA utilities and conduct an experimental...
Persistent link: https://www.econbiz.de/10009771192
We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...
Persistent link: https://www.econbiz.de/10009777059
We investigate the formation of market prices in a new experimental setting involving multi-period call-auction asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and/or (2)...
Persistent link: https://www.econbiz.de/10010353591