Now showing items 43-62 of 197

  • 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 ...
  • Exchange Rate Pass-Through in ASEAN: Implications for the Prospects of Monetary Integration in the Region 

    Cortinhas, Carlos (2007)
    This paper investigates, for the first time, the degree of exchange rate pass-through to domestic prices in all five founding members of ASEAN. For this purpose, a three variable recursive VAR model was applied which uses ...
  • An experiment on case-based decision making 

    Grosskopf, Brit; Sarin, Rajiv; Watson, Elizabeth (Springer, 2015-03-17)
    We experimentally investigate the disposition of decision makers to use case-based reasoning as suggested by Hume (An enquiry concerning human understanding, 1748) and formalized by case-based decision theory (Gilboa and ...
  • An experiment on the causes of bank run contagions 

    Chakravarty, Surajeet; Fonseca, Miguel A.; Kaplan, Todd R. (Elsevier, 2014)
    To understand the mechanisms behind bank run contagions, we conduct bank run experiments in a modified Diamond–Dybvig setup with two banks (Left and Right). The banks׳ liquidity levels are either linked or independent. ...
  • An experimental investigation of asymmetric contests 

    Fonseca, Miguel A. (Elsevier, 2009)
    NOTICE: this is the author’s version of a work that was accepted for publication in International Journal of Industrial Organization. Changes resulting from the publishing process, such as peer review, editing, corrections, ...
  • An experimental investigation of entry cost effects in sealed bid dollar auctions 

    Chakravarty, Surajeet; Ghosh, Sudeep (Elsevier, 2010)
    In numerous auction settings potential bidders incur costs to enter the auction. Such costs may potentially influence bidder’s behavior subsequently. In this paper we experimentally study the effect of entry costs on bidding ...
  • An experimental study on the effect of ambiguity in a coordination game 

    Kelsey, David; le Roux, Sara (Springer Verlag, 2015-02-04)
    We report an experimental test of the influence of ambiguity on behaviour in a coordination game. We study the behaviour of subjects in the presence of ambiguity and attempt to determine whether they prefer to choose an ...
  • Explicit vs. tacit collusion: the impact of communication in oligopoly experiments 

    Fonseca, Miguel A.; Normann, Hans-Theo (Elsevier, 2012)
    We explore the difference between explicit and tacit collusion by investigating the impact communication has in experimental markets. For Bertrand oligopolies with various numbers of firms, we compare pricing behavior ...