Now showing items 36-55 of 198

  • Decentralised bilateral trading in a market with incomplete information 

    Chatterjee, Kalyan; Das, Kaustav (University of Exeter, 2013-08)
    We study a model of decentralised bilateral interactions in a small market where one of the sellers has private information about her value. There are two identical buyers and another seller, whose valuation is commonly ...
  • The definition, measurement, and evaluation of tax expenditures and tax reliefs 

    Myles, Gareth D.; Hashimzade, Nigar; Heady, Chris; Oats, Lynne; Scharf, Kimberley; Yousefi, Hana (National Audit Office, 2014-06)
    Tax reliefs and tax expenditures are two closely related and overlapping concepts. The distinction between tax reliefs and tax expenditures is a subtle one and can only be clear after careful description of the two concepts. ...
  • Delegated job design 

    Hvide, Hans K.; Kaplan, Todd R. (SSRN, 2003)
    We develop a theory of delegation within organizations where agents are privately informed about whether they should be engaged in exploitation or in exploration activities. Excessive delegation lead agents to inefficiently ...
  • Developing country second-mover advantage in competition over environmental standards and taxes 

    Groenert, Valeska; Zissimos, Ben (Wiley-Blackwell, 2013)
    We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a ‘second-mover advantage.’ In our model, firms do not unanimously ...
  • Dividing the indivisible: procedures for allocating cabinet ministries to political parties in a parliamentary system 

    Brams, Steven J.; Kaplan, Todd R. (Sage, 2004)
    Political parties in Northern Ireland recently used a divisor method of apportionment to choose, in sequence, ten cabinet ministries. If the parties have complete information about each other’s preferences, we show that ...
  • Does AHP help us make a choice? - An experimental evaluation 

    Balkenborg, Dieter; Ishizaka, Alessio; Kaplan, Todd R. (Palgrave Macmillan, 2011)
    In this paper, we use experimental economics methods to test how well Analytic Hierarchy Process (AHP) fares as a choice support system in a real decision problem. AHP provides a ranking that we statistically compare with ...
  • Does university research improve university teaching in management? 

    James, Simon (University of Exeter, 2005)
    It seems widely accepted, not least by academics, that university research improves university teaching. However, it is not always clear how important the links are. In the UK a huge amount of detailed information has ...
  • Dynamic moral hazard and stopping 

    Mason, Robin; Valimaki, Juuso (Wiley-Blackwell, 2013-02-13)
    We propose a simple model of optimal stopping where the economic environment changes as a result of learning. A primary application of our framework is the problem of how optimally to sell an asset, when the demand for ...
  • Economic voting in Britain, 1857-1914 

    Hodgson, Robert; Maloney, John (Elsevier, 2012-12)
    Despite limited government control over the pre-1914 economy, opposition politicians were enthusiastic in blaming bad economic news on the incumbent. In a study of 458 by-elections between 1857 and 1914, we find that voters ...
  • Economics of taxation within a federal context 

    James, Simon (University of Exeter, 2002)
    The economic principles regarding taxation in a federal context are re-examined in the context of European tax harmonisation. It is suggested that the concept of subsidiarity could be more helpful in progress towards ...
  • The effect of social fragmentation on public good provision : an experimental study 

    Chakravarty, Surajeet; Fonseca, Miguel A. (Elsevier, 2014-12)
    We study the role of social identity in determining the impact of social fragmentation on public good provision using laboratory experiments. We find that as long as there is some degree of social fragmentation, increasing ...
  • The effect of social fragmentation on public good provision : an experimental study 

    Chakravarty, Surajeet; Fonseca, Miguel A. (University of Exeter Business School, 2012)
    We study the role of social identity in determining the impact of social fragmentation on public good provision using laboratory experiments. We find that as long as there is some degree of social fragmentation, increasing ...
  • The effects of market structure on industry growth: rivalrous nonexcludable capital 

    Koulovatianos, Christos; Mirman, Leonard J. (Elsevier, 2007-03)
    We analyze imperfect competition in dynamic environments where firms use rivalrous but nonexcludable industry-specific capital that is provided exogenously. Capital depreciation depends on utilization, so firms influence ...
  • Egocentric framing - one way people may fail in aswitch dilemma: evidence from excessive lane switching 

    Navon, David; Kaplan, Todd R.; Kasten, Ronen (Elsevier, 2013-11)
    To study switching behavior, an experiment mimicking the state of a driver on the road was conducted. In each trial participants were given a chance to switch lanes. Despite the fact that lane switching had no sound rational ...
  • Endogenous cartel formation: experimental evidence 

    Fonseca, Miguel A.; Normann, Hans-Theo (Elsevier, 2014-11)
    In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they may get fined by a cartel authority. We find that the four-firm industries form cartels more often ...
  • Endogenous debt constraints in collateralized economies with default penalties 

    Vailakis, Yiannis; Martins-da-Rocha, V. Filipe (Elsevier, 2011)
    The objective of the paper is to propose endogenous debt constraints that rule out Ponzi schemes and ensure existence of equilibria in a model with limited commitment and (possible) default. We appropriately modify the ...
  • Equally-distributed equivalent utility, ex post egalitarianism and Utilitarianism 

    Grant, Simon; Kajii, Atsushi; Polak, Ben; Safra, Zvi (Elsevier, 2012)
    We provide an axiomatization of expected equally-distributed equivalent-utility social welfare functions in the context of Harsanyi's impartial observer theorem. For this family of social welfare functions, we show what ...
  • Establishing conditions for the functional central limit theorem in nonlinear and semiparametric time series processes 

    Davidson, James (Elsevier, 2002)
    This paper considers methods of deriving sufficient conditions for the central limit theorem and functional central limit theorem to hold in a broad class of time series processes, including nonlinear processes and ...
  • Evaluating the role of firm-specific capital in new Keynesian models 

    Madeira, João (University of Exeter Business School, 2012)
    In this paper I make use of Bayesian methods to estimate a firm-specific capital DSGE model with Calvo price and wage setting. This approach allows me to firmly conclude that firm-specific capital is highly relevant in ...
  • Excess capacity and competition in Bertrand-Edgeworth markets: experimental evidence 

    Fonseca, Miguel A.; Normann, Hans Theo (Mohr Siebeck, 2013)
    We conduct experiments testing the relationship between excess capacity and pricing in repeated Bertrand-Edgeworth duopolies and triopolies. We systematically vary the experimental markets between small amount of excess ...