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作者：Lyssiotou, P; Pashardes, P; Stengos, T
作者单位：University of Cyprus; University of Guelph
摘要：We propose a consumer demand system approach to estimating the size of the black economy where alternative hypotheses affecting the empirical results can be tested in a nested framework. This approach allows for the estimation of the under-reporting of household income from various sources, dispensing with the need to use arbitrary criteria to classify households by their main source of income. It also avoids potential bias in black economy estimates arising from mistaking preference heterogen...
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作者：Sarin, R; Vahid, F
作者单位：Texas A&M University System; Texas A&M University College Station; Australian National University
摘要：In the payoff assessment model of choice (Sarin and Vahid, 1999), only the assessment of the chosen strategy is updated. We extend that model to allow the agent to also update the assessments of strategies that the agent thinks are similar to the chosen strategy. We use this model to explain observed behaviour in a recent experiment. Statistical tests cannot distinguish between the payoff distributions generated by the model and the observed payoff distributions in almost every period.
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作者：Ferrer-i-Carbonell, A; Frijters, P
作者单位：University of Amsterdam; Australian National University
摘要：Psychologists and sociologists usually interpret happiness scores as cardinal and comparable across respondents, and thus run OLS regressions on happiness and changes in happiness. Economists usually assume only ordinality and have mainly used ordered latent response models, thereby not taking satisfactory account of fixed individual traits. We address this problem by developing a conditional estimator for the fixed-effect ordered logit model. We find that assuming ordinality or cardinality of...
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作者：Kelsey, D; Spanjers, W
作者单位：University of Exeter; Kingston University
摘要：The consequences of ambiguity for partnerships are addressed. Partnerships with symmetric linear production functions are analysed in a Choquet Expected Utility (CEU)-framework. Nash equilibrium in pure strategies is extended to CEU-games. A class of sharing rules are proposed that make constructive use of strategic ambiguity in partnerships. Results on ex ante efficiency and ex post efficiency of the outcomes are presented.
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作者：Cubitt, RP; Munro, A; Starmer, C
作者单位：University of East Anglia; University of Nottingham
摘要：We present a new experimental investigation of preference reversal. Although economists and psychologists have suggested a variety of accounts for this phenomenon, the existing data do not adequately discriminate between them. Relative to previous studies, our design offers enhanced control for economic explanations and new tests of psychological hypotheses. We find a pattern of preference reversals that is inconsistent with all of the best-known explanations of the phenomenon proposed by econ...
