Best Responding to What? A Behavioral Approach to One Shot Play in 2x2 Games [PDF]
, 2007 We introduce a simple procedure to be used for selecting the strategies most likely to be played by inexperienced agents who interact in one shot 2x2 games. We start with an axiomatic description of a function that may capture players' beliefs.
Gallice, Andrea
core +4 more sources
Book Review: "Islamic Wealth Management: Theory and Practice" edited by Mohamed Ariff and Shamser Mohammad [PDF]
, 2018 This is a book review published in Economic Affairs, the journal of the Institute of Economic Affairs, of "Islamic Wealth Management: Theory and Practice", by Mohamed Ariff and Shamser Mohammad (Eds), Edward Elgar Publishing (2017), 398 pp ISBN: 978 ...
El-Murad, J., El-Murad, J.
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Computing welfare losses from data under imperfect competition with heterogeneous goods [PDF]
, 2008 We study the percentage of welfare losses (PWL) yielded by imperfect competition under product differentiation. When demand is linear, if prices, outputs, costs and the number of firms can be observed, PWL is arbitrary in both Cournot and Bertrand ...
A C Harberger +22 more
core +7 more sources
Competitive Equilibrium in Markets for Votes [PDF]
, 2010 We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy and sell their votes with each other. We definne ex ante vote-trading equilibrium, identify weak sufficient conditions for existence,
Aniol Llorente-saguer +5 more
core +11 more sources
Entanglement between Demand and Supply in Markets with Bandwagon Goods [PDF]
, 2012 Whenever customers' choices (e.g. to buy or not a given good) depend on others choices (cases coined 'positive externalities' or 'bandwagon effect' in the economic literature), the demand may be multiply valued: for a same posted price, there is either a
A. Orléan +50 more
core +6 more sources
The Topology-Free Construction of the Universal Type Structure for Conditional Probability Systems
, 2017 We construct the universal type structure for conditional probability systems without any topological assumption, namely a type structure that is terminal, belief-complete, and non-redundant. In particular, in order to obtain the belief-completeness in a
Guarino, Pierfrancesco
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Housing benefit: slow on the take-up? [PDF]
, 2016 Housing benefit (HB) plays a pivotal dual role within both the income maintenance system for the UK and in terms subsidising housing for lower income households.
Gibb, Kenneth
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Worst-case estimation and asymptotic theory for models with unobservables [PDF]
, 2004 This paper proposes a worst-case approach for estimating econometric models containing unobservable variables. Worst-case estimators are robust against the adverse effects of unobservables.
Esteban-Bravo, Mercedes +1 more
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Zealots in the mean-field noisy voter model
, 2018 The influence of zealots on the noisy voter model is studied theoretically and numerically at the mean-field level. The noisy voter model is a modification of the voter model that includes a second mechanism for transitions between states: apart from the
Khalil, Nagi +2 more
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Collateral, relationship lending and financial distress : an empirical study on financial contracting [PDF]
, 2002 This paper analyses the role of collateral in loan contracting when companies are financed by multiple bank lenders and relationship lending can be present.
Elsas, Ralf, Krahnen, Jan Pieter
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