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Punishment and disclosure probabilities in an experimental deception game
(Universidad de Navarra, 2017-09-07)
Previous findings have shown tha
t punishment does not
necessarily
reduce deception i
n
principal agent
-
relationships
.
We
shed
further
light on this issue by
first
identifying
a ...
Exchange markets with endogenous quality: When the lemons problem enchances trade
(2016)
A worrying feature of Akerlof’s
(1970) model is that the existence of sufficiently many
products of
relatively
low quality (“lemons”) in a market
may not only drive
those of
high
quality ...
Catalog Competition: Theory and Experiments
(2015-09-03)
This paper studies a catalog competition game: two competing firms decide at the same
time product characteristics and prices in order to maximize profits. Since Dasgupta and
Maskin (1986) it is known that this one-shot ...
Testing the trust game with undergraduates: an experiment with wealth heterogeneity
(Editorial Universitat Politècnica de València, 2017)
Trust, reciprocity and a fair distribution of resources are cruzial in the
sustainability of any economic system. As a matter of fact, those are values
that should be promoted among the new generations, especially ...