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Persistent link: https://www.econbiz.de/10005068011
In certain markets success may depend on how well participants anticipate the behavior of other participants who have varying amounts of experience. Understanding if and how people’s behavior depends on competitors’ level of experience is important since in most markets...
Persistent link: https://www.econbiz.de/10005068103
This paper is a follow up on a earlier one (Mendes, 1998) where I proposed a series of models for forest owners associations represented as organisation made up of two groups of strategically interacting players: the forest owners who are members of the association and the board of directors...
Persistent link: https://www.econbiz.de/10005069725
The household membership decision is viewed as a “research project” where the offspring invests in human and non human capital to influence the probability of finding an alternative to the parental household. The problem is formulated as a differential game between a selfish offspring and...
Persistent link: https://www.econbiz.de/10005069732
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This paper discusses uniqueness and efficiency of user equilibrium in transportation networks with heterogeneous … result may not apply in general networks if disutility functions are allowed to differ. However, for "simple" transportation … networks, we can show that user equilibrium is always unique and weakly Pareto efficient (cf. the Braess example) for a general …
Persistent link: https://www.econbiz.de/10005074034
This paper shows nonemptiness of the core of a customs union game with a status quo equilibrium with tariffs by employing an appropriate notion of the core as in Kowalczyk and Sjöström (1994, Economica). Specifically, we find that if customs unions may have no effects on non-member countries...
Persistent link: https://www.econbiz.de/10005074086
During the last three decades the ascent of behavioral economics clearly helped to bring down artificial disciplinary boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice tradition - and, indirectly, of behaviorism - we...
Persistent link: https://www.econbiz.de/10005090539