#Microeconomics – Working papers (#RePEc, 19/05/2014)

economics

Source: RePEc – EconPapers

Sélection de working papers dans le domaine de la microéconomie:

Optimal Rationing within a Heterogenous Population
Philippe Choné and Stephane Gauthier 
Université Panthéon-Sorbonne (Paris 1), Centre d’E…
Keywords: Rationing, screening, universal coverage, upward distortion, Spence-Mirrlees condition.
JEL-code: I18 D82 D61

Hotelling Games on Networks: Efficiency of Equilibria
Gaëtan Fournier and Marco Scarsini 
Université Panthéon-Sorbonne (Paris 1), Centre d’E…
Keywords: Induced price of anarchy, induced price of stability, location games on networks, pure equilibria, l…
JEL-code: C72 R30 R39

Awards are a Special Kind of Signal
Bruno S. Frey and Jana Gallus 
Center for Research in Economics, Management and t…
Keywords: Awards; prizes; incentives; signaling theory; principal-agent framework

With God We Trust: Religion, Trust and Cooperation in Large-Scale Societies
Julien Gagnon 
Faculty of Economics, University of Cambridge
Keywords: Cooperation; Emotions; Psychological Game Theory; Punishment; Religion; Trust.
JEL-code: D02 D03 D71 D81 Z12

A new epistemic model
Miklós Pintér 
Corvinus University of Budapest
Keywords: Incomplete information game, Agreeing to disagree, Nash equilibrium, Epistemic game theory, Knowledg…
JEL-code: C70 C72 D80 D82 D83

Too much or too little? Price-discrimination in a market for credence goods
Uwe Dulleck, Rudolf Kerschbamer and Alexander Konovalov 
Faculty of Economics and Statistics, University of…
Keywords: Price Discrimination, Credence Goods, Experts, Discounters, Distribution Channels
JEL-code: L15 D82 D40

Strategically Equivalent Contests
Subhasish Chowdhury and Roman M. Sheremeta 
University Library of Munich, Germany
Keywords: rent-seeking, contest, equivalence, contest design
JEL-code: C72 D72 D74

Ideological Dissent in Downsian Politics
Siddhartha Bandyopadhyay, Manaswini Bhalla, Kalysan Chatterjee and Jaideep Roy 
Department of Economics, University of Birmingham
Keywords: Sequential entry, Unobserved quality, Stratetic dissent, Polarization, Endogenous Order
JEL-code: C72 D72 D82

A Theory of Price Adjustment under Loss Aversion
Steffen Ahrens, Inske Pirschel and Dennis J. Snower 
Institute for the Study of Labor (IZA)
Keywords: price sluggishness, loss aversion, state-dependent pricing
JEL-code: D03 D21 E31 E50

10 Consumer Choice Theory and Social Learning
Anais Carlin 
Groupe de REcherche en Droit, Économie, Gestion (G…
Keywords: Preference formation, preference change, learning, path dependency
JEL-code: D01 D11 D83

11 Existence of an Equilibrium for Lower Semicontinuous Information Acquisition Functions
Agnes Bialecki, Eleonore Haguet and Gabriel Turinici 
HAL
Keywords: information acquisition; heterogeneous beliefs; heterogeneous estimations; Grossman-Stiglitz paradox…

12 Behaviour-Based Price Discrimination under Advertising and Imperfectly Informed Consumers
Rosa-Branca Esteves and Sofia Cerqueira 
NIPE – Universidade do Minho

13 Strong equilibrium in games with common and complementary local utilities
Nikolai S. Kukushkin 
University Library of Munich, Germany
Keywords: Strong equilibrium; Weakest-link aggregation; Coalition improvement path; Congestion game; Game with…
JEL-code: C72

14 Behaviour-Based Price Discrimination with Retention Offers
Rosa-Branca Esteves 
NIPE – Universidade do Minho

15 Product Upgrades and Posted Prices
Mustafa Dogan 
Penn Institute for Economic Research, Department o…
Keywords: durable goods, product upgrades, commitment, posted prices, dynamic mechanism design
JEL-code: D42 D82

#Microeconomics – Working papers (#RePEc, 17/04/2014)

working_papers1

Source: RePEc – EconPapers

Competing for Attention: Is the Showiest also the Best?
Paola Manzini and Marco Mariotti 
Department of Economics, University of St. Andrews
Keywords: Consideration sets, bounded rationality, stochastic choice
JEL-code: D01
Created/Revised: 2014-04-08Downloads

On luxury and equilibrium
A. Mantovi 
Department of Economics, Parma University (Italy)
Keywords: Edgeworth Box; General Equilibrium; Luxury; Necessity; Comparative Statics; Pareto Set
JEL-code: D50 D51 D58
Created/Revised: 2014Downloads

Rumors and Social Networks
Francis Bloch, Gabrielle Demange and Rachel Kranton 
HAL
Keywords: Bayesian updating ; Rumors ; Misinformation ; Social networks
Created/Revised: 2014-03Downloads

Deliberation, Leadership and Information Aggregation
Javier Rivas and Carmelo Rodriguez-Alvarez 
Universidad Complutense de Madrid, Facultad de Cie…
Keywords: Committees; Information Aggregation; Leadership; Voting.
JEL-code: D71 D72 D82
Created/Revised: 2013-11Downloads

Targeted vs. collective information sharing in networks
Alexey Kushnir and Alexandru Nichifor 
Department of Economics – University of Zurich
Keywords: Networks, network formation, unilateral connections, bilateral connections, targeted information sha…
JEL-code: D47 D85 C72 C62
Created/Revised: 2014-04Downloads

Disclosure of information in matching markets with non-transferable utility
Ennio Bilancini and Leonardo Boncinelli 
University of Modena and Reggio E., Dept. of Econo…
Keywords: costly disclosure of information; matching markets; non-transferable utility; partial unraveling; po…
JEL-code: C78 D82 L15
Created/Revised: 2014-03Downloads

Online Concealed Correlation and Bounded Rationality
Gilad Bavly and Abraham Neyman 
The Center for the Study of Rationality, Hebrew Un…
Created/Revised: 2014-02Downloads

Advances in Auctions
Todd R. Kaplan and Shmuel Zamir 
The Center for the Study of Rationality, Hebrew Un…
Created/Revised: 2014-03Downloads

Communicating Judicial Retirement
Alvaro Eduardo Bustos and Tonja Jacobi 
Instituto de Economia. Pontificia Universidad Cató…
JEL-code: K10 K30 K40
Created/Revised: 2014Downloads

10 Overlapping coalitions, bargaining and networks
Messan Agbaglah 
Departement d’Economique de la Faculte d’administr…
Keywords: Overlapping coalitions, Bargaining, Network formation, Coalition formation, Game in cover function f…
JEL-code: C72 C78 D62 D85
Created/Revised: 2014-03Downloads

11 Transaction-Specific Investments and Organizational Choice: A Coase-to-Coase Theory
Thomas Miceli 
University of Connecticut, Department of Economics
Keywords: Asset specificity, contracts, firms, holdup problem, market exchange
JEL-code: D23 K12 L14 L22
Created/Revised: 2014-03Downloads

12 On the core and bargaining set of a veto game
Eric Bahel 
Virginia Polytechnic Institute and State Universit…
Keywords: TU game, veto power, core, objection, bargaining set.
Created/Revised: 2014Downloads

13 Meeting Technologies and Optimal Trading Mechanisms in Competitive Search Markets
Benjamin R. Lester, Ludo Visschers and Ronald P. Wolthoff 
University of Toronto, Department of Economics
Keywords: search frictions, matching function, meeting technology, competing mechanisms
JEL-code: C78 D44 D83
Created/Revised: 2014-04-02Downloads

14 Stochastic Stability in Assignment Problems
Bettina Klaus and Jonathan Newton 
Université de Lausanne, Faculté des HEC, DEEP
Keywords: Assignment problem; (core) stability; decentralization; stochastic stability
JEL-code: C71 C78 D63
Created/Revised: 2014-04Downloads

15 Asymmetric Information and Adverse Selection
Ian Jewitt, Clare Leaver and Heski Bar-Isaac 
University of Oxford, Department of Economics
Keywords: asymmetric information, adverse selection, information structures, information acquisition, informat…
JEL-code: D82 J30
Created/Revised: 2014-01-24Downloads

16 The Housing Problem and Revealed Preference Theory: Duality and an application
Ivar Ekeland and Alfred Galichon 
Sciences Po Departement of Economics
Keywords: Afriat’s theorem; Indivisible allocations; Optimal assignment; Revealed preferences
JEL-code: D11 C60 C78
Created/Revised: 2013-11Downloads

17 Optimal Project Selection Mechanisms
Talia Bar and Sidartha Gordon 
Sciences Po
Keywords: adverse selection, information acquisition, mechanism design, project selection, limited liability, …
JEL-code: D82 O32
Created/Revised: 2013-07Downloads

18 Information Transmission in Nested Sender-Receiver Games
Sidartha Gordon and Ying Chen 
Sciences Po
Keywords: sender-receiver games, information transmission, nestedness, inter- mediary, delegation, informed pr…
Created/Revised: 2014-04Downloads

#Microeconomics – Working papers (#RePEc, 12/04/2014)

working_papers1

Source: RePEc – EconPapers

Local Interactions and Switching Costs
Ge Jiang and Simon Weidenholzer 
University of Essex, Department of Economics
Created/Revised: 2014-01-11Downloads

The Economics of the Gift
David Reinstein 
University of Essex, Department of Economics
Created/Revised: 2014-03-01Downloads

Constrained Interactions and Social Coordination
Mathias Staudigl and Simon Weidenholzer 
University of Essex, Department of Economics
Created/Revised: 2014-02-01Downloads

Sociability, Altruism and Subjective Well-Being
Leonardo Becchetti, Nazaria Solferino and M. Elisabetta Tessitore 
Econometica
Keywords: Time-Inconsistent Preferences, Optimal Effort, Procras- tination, Intertemporal Choice
JEL-code: A12 D03 D11 D74 D91
Created/Revised: 2014-03Downloads

Advances in Auctions
Todd R. Kaplan and Shmuel Zamir 
Exeter University, Department of Economics
Keywords: Auctions, Private-Value Auctions, Multi-Unit Auctions, All-Pay Auctions, Resale, Position Auctions, …
JEL-code: D44 D82 C72 H57
Created/Revised: 2014Downloads

Playing ‘Hard to Get’: An Economic Rationale for Crowding Out of Intrinsically Motivated Behavior
Wendelin Schnedler and Christoph Vanberg 
University of Heidelberg, Department of Economics
Keywords: intrinsic motivation; crowding out; behavioral economics; market power; hidden information
Created/Revised: 2014-03-21Downloads

Collective Reputation and the Dynamics of Statistical Discrimination
Young-Chul Kim and Glenn Loury 
University Library of Munich, Germany
Keywords: Statistical Discrimination, Collective Reputation, Reputation Trap, Forward-Looking Behavior
JEL-code: D63 D82 J15 J7
Created/Revised: 2014-03-31Downloads

Economics and Genocide: Choices and Consequences
Jurgen Brauer and Charles H. Anderton 
University Library of Munich, Germany
Keywords: Genocide, economics, constrained optimization, rational choice
JEL-code: A12 D00 D74 H87
Created/Revised: 2014-04-02Downloads

#Microeconomics – Working papers (#RePEc, 08/04/2014)

working_papers1

Source: RePEc – EconPapers

Price Cutting and Business Stealing in Imperfect Cartels
B. Douglas Bernheim and Erik Madsen 
National Bureau of Economic Research, Inc
JEL-code: D43 L41
Created/Revised: 2014-03Downloads

Robust Competitive Auctions: A Theory of Stable Markets
Seungjin Han 
McMaster University
Keywords: competitive auctions, robust equilibrium, competing mechanism design
JEL-code: C71 D82
Created/Revised: 2014-03Downloads

Public Bads, Heterogeneous Beliefs, and the Value of Information
Hiroaki Sakamoto 
Graduate School of Economics Project Center, Kyoto…
Keywords: externality; uncertainty; heterogeneous beliefs; information
JEL-code: C72 D80 D81 Q54 H23Downloads

Equilibrium Selection in Sequential Games with Imperfect Information
Jon X. Eguia, Aniol Llorente-Saguer, Rebecca Morton and Antonio Nicolò 
Max Planck Institute for Research on Collective Go…
Keywords: imperfect information, equilibrium selection, passive beliefs, symmetric beliefs, vertical contract-…
JEL-code: H41 C72 D86 D72
Created/Revised: 2014-03Downloads

Optimal Incentives in a Principal-Agent Model with Endogenous Technology
Marco A. Marini, Paolo Polidori, Desiree Teobaldelli and Davide Ticchi 
Department of Computer, Control and Management Eng…
Keywords: principal-agent; incentives; risk aversion; endogenous technology
Created/Revised: 2014Downloads

Persuasion with Reference Cues and Elaboration Costs
Ennio Bilancini and Leonardo Boncinelli 
Universita’ degli Studi di Firenze, Dipartimento d…
Keywords: persuasion, coarse reasoning, peripheral and central route, heuristic and systematic reasoning, coun…
JEL-code: D01 D82 D83
Created/Revised: 2014Downloads

Precautionary Saving and the Notion of Ambiguity Prudence
Loïc Berger 
ULB — Universite Libre de Bruxelles
Keywords: ambiguity aversion; non-expected utility; uncertainty; saving; prudence
JEL-code: D81 D91 E21
Created/Revised: 2013-11Downloads

On the economics of others
Oded Stark 
University of Bonn, Center for Development Researc…
Keywords: Altruism, Relative deprivation, Economic and social behavior, Consumer/Household Economics, Institut…
Created/Revised: 2014-03Downloads

Large and Small Sellers: A Theory of Equilibrium Price Dispersion with Sequential Search
Guido Menzio and Nicholas Trachter 
Penn Institute for Economic Research, Department o…
Keywords: Imperfect competition, Search frictions, Price dispersion.
JEL-code: D21 D43
Created/Revised: 2014-03-01Downloads

10 Stochastic Sorting
Hector Chade 
Society for Economic Dynamics
Created/Revised: 2013Downloads

11 A Representation of Risk Measures
Massimiliano Amarante 
Universite de Montreal, Departement de sciences ec…
Keywords: Risk measures; capacity; Choquet integral
JEL-code: G11 C65
Created/Revised: 2013Downloads

12 Signaling Quality with Initially Reduced Royalty Rates
Heiko Karle and Christian Staat 
ULB — Universite Libre de Bruxelles
Keywords: informed principal; moral hazard; signaling; franchising; reduced royalty rates
JEL-code: D23 D82 D86
Created/Revised: 2013-12Downloads

13 General equilibrium, risk taking and volatility
A. Araujo, A. Chateauneuf, J. Gama-Torres and R. Novinski 
Department of Research, Ipag Business School
Created/Revised: 2014-02-25Downloads

14 Optimal contracting with endogenous project mission
Lea Cassar 
Department of Economics – University of Zurich
Keywords: Optimal contracting, non-monetary incentives, mission preferences, intrinsic motivation
JEL-code: H41 D64 D82
Created/Revised: 2014-03Downloads

15 Costly and Truthful Communication: Two Alternative Objectives
Olivier Body 
ULB — Universite Libre de Bruxelles
Created/Revised: 2014-02Downloads

#Microeconomics – Working papers (#RePEc, 28/03/2014)

working_papers1

Source: RePEc – EconPapers

Second-best incentive compatible allocation rules for multiple-type indivisible objects
Hidekazu Anno and Morimitsu Kurino 
Social Science Research Center Berlin (WZB)
Keywords: strategy-proofness,second-best incentive compatibility,top trading cycles rules,deferred acceptance …
JEL-code: C78 D47 D71
Created/Revised: 2014Downloads

Information disclosure in optimal auctions
Juan-José Ganuza and José Penalva 
Universidad Carlos III, Instituto sobre Desarrollo…
Keywords: Auctions, Private values, Information disclosure
JEL-code: C72 D44 D82 D83
Created/Revised: 2014-03Downloads

Reputation in Repeated Moral Hazard Games
Alp Enver Atakan and Mehmet Ekmekci 
University Library of Munich, Germany
Keywords: Repeated Games, Reputation, Equal Discount Factor, Long-run Players, Imperfect Monitoring, Complicat…
JEL-code: C7 C72 C73 D0
Created/Revised: 2014-01-01Downloads

The strategic value of partial vertical integration
Raffaele Fiocco 
Free University of Berlin, Humboldt University of …
Keywords: asymmetric information; partial vertical integration; product differentiation; vertical mergers; ver…
JEL-code: D82 L13 L42
Created/Revised: 2014-03-09Downloads

Strategic Stability in Poisson Games

#Microeconimics – Working papers (#RePEC, 17/03/2014)

repec3

Source: RePEc – EconPapers

Optimal Compatibility in Systems Markets 

On the relationship between individual and group decisions 

Kantian Optimization: An Approach to Cooperative Behavior 

Truthful Equilibria in Dynamic Bayesian Games 

Fishing for Excuses and Performance Evaluation

Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion 

Career Concerns and Market Structure 

Gaming and Strategic Opacity in Incentive Provision 

The Role of Commitment in Bilateral Trade 

Extremal Information Structures in the First Price Auction

Efficiency in repeated games with local interaction and uncertain local monitoring 

Endogenous Enforcement Institutions

#Microeconomics – Working papers (11/03/2014)

repec3

Source: RePEc – EconPapers

Optimal Compatibility in Systems Markets 

On the relationship between individual and group decisions 

Kantian Optimization: An Approach to Cooperative Behavior 

Truthful Equilibria in Dynamic Bayesian Games 

Fishing for Excuses and Performance Evaluation

Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion 

Career Concerns and Market Structure 

Gaming and Strategic Opacity in Incentive Provision 

The Role of Commitment in Bilateral Trade

Extremal Information Structures in the First Price Auction

Efficiency in repeated games with local interaction and uncertain local monitoring 

Endogenous Enforcement Institutions