-
作者:Thompson, P; Fox-Kean, M
作者单位:State University System of Florida; Florida International University; University of Houston System; University of Houston
-
作者:Kniesner, TJ; Viscusi, WK
作者单位:Syracuse University; Syracuse University; Harvard University
-
作者:Cooper, DJ; Kagel, JH
作者单位:University System of Ohio; Case Western Reserve University; University System of Ohio; Ohio State University
摘要:We compare individuals with two-person teams in signaling game experiments. Teams consistently play more strategically than individuals and generate positive synergies in more difficult games, beating a demanding truth-wins norm. The superior performance of teams is most striking following changes in payoffs that change the equilibrium outcome. Individuals play less strategically following the change in payoffs than inexperienced subjects playing the same game. In contrast, the teams exhibit p...
-
作者:Blume, LE
作者单位:Cornell University; The Santa Fe Institute
-
作者:Markowitz, S; Kaestner, R; Grossman, M
作者单位:National Bureau of Economic Research; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; City University of New York (CUNY) System
-
作者:Page, BR
作者单位:Congressional Budget Office
-
作者:Dufwenberg, M; Lindqvist, T; Moore, E
作者单位:University of Arizona; University of Arizona; Research Institute of Industrial Economics (IFN); Auburn University System; Auburn University Montgomery; Auburn University
-
作者:Iacoviello, M
作者单位:Boston College
摘要:I develop and estimate a monetary business cycle model with nominal loans and collateral constraints tied to housing values. Demand shocks move housing and nominal prices in the same direction, and are amplified and propagated over time. The financial accelerator is not uniform: nominal debt dampens supply shocks, stabilizing the economy under interest rate control. Structural estimation supports two key model features: collateral effects dramatically improve the response of aggregate demand t...
-
作者:Ehrenberg, RG
作者单位:Cornell University; Cornell University
-
作者:Thompson, P; Fox-Kean, M
作者单位:State University System of Florida; Florida International University; University of Houston System; University of Houston