We investigate dynamic coordination among members of a problem-solving team who receive private signals about which of their actions are required for a (static) coordinated solution and who have repeated opportunities to explore different action combinations. In this environment ordinal...

Der Beitrag möchte ein besseres Verständnis der inter- und transnationalen Verbreitung von Nudging als einem Subtypus von Verhaltenspolitik schaffen. Auf der Grundlage einer Dokumentenauswertung und von Interviews diskutieren wir in zwei Schritten, wie die Entstehungs- und Erfolgsbedingungen...

Hidden type contracts are examined in their simplest formulation in order to fully prove the role of the single crossing property to eliminate rendundant constraints and to show how this necessary condition constrains the parameters in the case of linear functions. Mechanism design examples are...

Italian Abstract: Vengono esposti i principi base della teoria delle aste. Quali le questioni da risolvere, quali ingredienti, quali ipotesi necessarie per semplificare una teoria altrimenti piuttosto complessa. Vengono sviluppati i meccanismi d'asta al I e al II prezzo, risolvendo per le...

In this chapter we summarize how economists conceptualize beliefs. Moving both backward and forward in time, we review the way that mainstream economics currently deals with beliefs, as well as, briefly, the history of economists’ thinking about beliefs. Most importantly, we introduce the...

While mainstream economics assumes that firms are always on the production frontier, there is an evolutionary interpretation of competition according to which firms have different degrees of what Leibenstein (1964) called quot;X-efficiency,quot; and competition selects for higher X-efficiency....

Der Beitrag möchte ein besseres Verständnis der inter- und transnationalen Verbreitung von Nudging als einem Subtypus von Verhaltenspolitik schaffen. Auf der Grundlage einer Dokumentenauswertung und von Interviews diskutieren wir in zwei Schritten, wie die Entstehungs- und Erfolgsbedingungen...

some factors grant innovators with a temporary monopoly. Patenting is the most cited factor in the economic literature. This survey concentrates on another factor that confers innovators with firstmover advantage over their competitors, namely consumer switching costs, whereby a consumer makes...

Economists have long recognized that in free markets, incentives to innovate will be diluted unless some factors grant innovators with a temporary monopoly. Patenting is the most cited factor in the economic literature. This survey concentrates on another factor that confers innovators with...

some factors grant innovators with a temporary monopoly. Patenting is the most cited factor in the economic literature. This survey concentrates on another factor that confers innovators with firstmover advantage over their competitors, namely consumer switching costs, whereby a consumer makes...