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In variants of the Electronic Mail Game (Rubinstein, 1989) where two or more players communicate via multiple channels, the multiple channels can facilitate collective action via redundancy, the sending of the same message along multiple paths or else repeatedly along the same path (Chwe, 1995...
Persistent link: https://www.econbiz.de/10010937057
This paper discusses nonparametric identification in a model of sorting in which location choices depend on the location choices of other agents as well as prices and exogenous location characteristics. In this model, demand slopes and hence preferences are not identifiable without further...
Persistent link: https://www.econbiz.de/10010937058
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We present two axiomatizations of the Second-Order Expected Utility model in the context of the standard models of choice under uncertainty.
Persistent link: https://www.econbiz.de/10010937891
Persistent link: https://www.econbiz.de/10010937892
When beginning a new project charities typically appeal to donors with a fundraising goal and a description of the project. For example, an organization may announce a \$200 million campaign to construct a new hospital. While goals are commonly used by fundraisers, there is little theoretical...
Persistent link: https://www.econbiz.de/10010937893
Persistent link: https://www.econbiz.de/10010937894
A behavioral competitive equilibrium restricts households ability to tailor their consumption to the state of the economy. Compared to standard competitive equilibrium, a behavioral competitive equilibrium yields more consumption risk and extreme price volatility when the realized output is near...
Persistent link: https://www.econbiz.de/10010937895