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prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition … highest when rivals are close. This stylized fact, and so the usefulness of neck-to-neck competition in general, is largely …
Persistent link: https://www.econbiz.de/10005001434
different treatments: a complete information treatment and two treatments designed to simulate distributed systems like the … Internet with extremely limited information, synchronous and asynchronous moves. Although both games are dominance-solvable and … the proportion of equilibrium play is statistically indistinguishable under complete information, their performance does …
Persistent link: https://www.econbiz.de/10005001438
Economists invoke Mundell (1961) in arguing for the general policy of   a flexible exchange rate regime as a means of restoring equilibria   after shocks. But there is a discrepancy between the intent of the   general policy and attempts at its implementation as identified by  ...
Persistent link: https://www.econbiz.de/10005001491
Recent research distinguishes an individual's decision utility, inferred from her observed choices, from her experienced utility, which more closely matches the notion of happiness. Using various estimation techniques with a unique experimental data set, we test whether post-choice satisfaction...
Persistent link: https://www.econbiz.de/10005003893
The literature on school choice assumes that families can submit a preference list over all the schools they want to be assigned to. However, in many real-life instances families are only allowed to submit a list containing a limited number of schools. Subjects' incentives are drastically...
Persistent link: https://www.econbiz.de/10005008015
expected outcomes or carry the same information on other's intentions while they have different outcome-invariant properties …
Persistent link: https://www.econbiz.de/10005009761
We test if cooperation is promoted by rank-order competition between groups in which all groups can be ranked first, i ….e. when everyone can be a winner. This type of rank-order competition has the advantage that it can eliminate the negative … that all-can-win competition produces a universal increase in cooperation and benefits a majority of individuals if …
Persistent link: https://www.econbiz.de/10005011899
issues is an ‘experimentally-adapted’ CV survey which involves laboratory experiment conducted among Ghanaian University … students. Notwithstanding the limitations arising from the sample used in our experiment (most notably University students do …
Persistent link: https://www.econbiz.de/10005059094
People can become less cooperative when threatened with sanctions, and researchers have pointed to both 'intentions' and incentives as sources of this effect. This paper reports data from a novel experimental design aimed at determining the relative importance of intentions and incentives in...
Persistent link: https://www.econbiz.de/10005062715
We present an experimental study on the wasted resources associated with tax evasion. This waste arises from taxpayers and tax authorities investing costly effort in the concealment and detection of tax evasion. We show that these socially inefficient efforts - as well as the frequency of tax...
Persistent link: https://www.econbiz.de/10005062718