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Double bubbles in assets markets with multiple generations

Deck, Cary A.; Porter, David P.; Smith, Vernon L. - In: The journal of behavioral finance : a publication of … 15 (2014) 2, pp. 79-88

Persistent link: https://www.econbiz.de/10011303219

An experimental investigation of wage taxation and unemployment in closed and open economies

Riedl, Arno; Winden, Frans A. A. M. van - 2000

We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed economy and an international economy. The main findings are the following. (i) There is clear evidence of a vicious circle in the dynamic interaction between the wage tax and...

Persistent link: https://www.econbiz.de/10011304623

Tax liability side equivalence in gift-exchange labor markets

Riedl, Arno; Tyran, Jean-Robert - 2003

Tax Liability Side Equivalence (tax LSE) claims that the statutory incidence of a tax is irrelevant for its economic incidence. In gift-exchange labor markets, firms provide a gift to workers by paying high wages, and workers reciprocate by providing high efforts. Tax LSE is theoretically...

Persistent link: https://www.econbiz.de/10011333878

Price-setting power versus private information

Sloof, Randolph - 2003

seller has private information about his alternative trading opportunities. Theory predicts that, compared with a situation …

Persistent link: https://www.econbiz.de/10011334336

Performance measurement, expectancy and agency theory : an experimental study

Sloof, Randolph; Praag, Mirjam van - 2006

noise in the performance measure. In contrast, expectancy theory as developed by psychologists predicts lower effort levels …

Persistent link: https://www.econbiz.de/10011343251

Allais at the Horse Race : testing models of ambiguity aversion

Schneider, Florian; Schonger, Martin - 2015

Most models of ambiguity aversion satisfy Anscombe-Aumann's Monotonicity axiom. This paper proposes a test of Monotonicity, the Allais Horse Race. It is an adaptation of the Allais paradox to a setting with both subjective and objective uncertainty. Viewed as a thought experiment, the Allais...

Persistent link: https://www.econbiz.de/10011347526

Knowing what works : the case for rigorous program evaluation

Schmidt, Christoph M. - 1999

problem. It introduces several approaches, based on both experiments and on non-experimental data, that have been proposed in …

Persistent link: https://www.econbiz.de/10011316914

Self selection and market power in risk sharing contracts

Prasad, Kislaya; Salmon, Tim - In: Journal of economic behavior & organization : JEBO 90 (2013), pp. 71-86

Persistent link: https://www.econbiz.de/10009763857

Limelight on dark markets : an experimental study of liquidity and information

Berentsen, Aleksander; McBride, Michael; Rocheteau, … - 2013

setting. The experiments replicate an OTC market similar to the one used in monetary and financial economics (Shi, 1995 … information, a set of experiments with adverse selection where the terminal value of notes are determined exogenously, and a set … of experiments with hidden actions where subjects can produce fraudulent notes at some cost. …

Persistent link: https://www.econbiz.de/10009763984

Evolutionary selection of expectations in positive and negative feedback markets

Anufriev, Mikhail; Hommes, Cars H.; Philipse, Raoul H. S. - In: Journal of evolutionary economics : JEE 23 (2013) 3, pp. 663-688

Persistent link: https://www.econbiz.de/10009773906