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Articles 1 - 9 of 9

Full-Text Articles in Other Economics

Information In Ultimatum Games: An Experimental Study, Rachel Croson Aug 1996

Information In Ultimatum Games: An Experimental Study, Rachel Croson

Operations, Information and Decisions Papers

This study reports on an experiment using variations of the ultimatum game. The experiment controls the amount and type of information known to the responder in the game. In two treatments, she knows both the absolute (money) and relative (fairness) payoffs from an offer. In the other two, she knows either only the absolute or only the relative payoffs. The predictions of four models for these treatments are tested: subgame-perfection, Bolton's comparative equilibrium, Ochs and Roth's absolute threshold, and Ochs and Roth's percentage threshold hypothesis.


Using Informational Labeling To Influence The Market For Quality In Food Products, Julie Caswell Jun 1996

Using Informational Labeling To Influence The Market For Quality In Food Products, Julie Caswell

Julie Caswell

In the United States, the federal government is increasingly using requirements for informational labeling on food products to influence 1) consumers' knowledge and purchasing patterns and 2) manufacturers' product offerings and marketing practices. We discuss the economic rationale behind these regulations and issues related to judging their success or failure.


An Evolutionary Trade Network Game With Preferential Partner Selection, Leigh Tesfatsion Feb 1996

An Evolutionary Trade Network Game With Preferential Partner Selection, Leigh Tesfatsion

ISU Economic Report Series

An evolutionary trade network game (TNG) is proposed for studying the interplay between evolutionary game dynamics and preferential partner selection in various market contexts with distributed adaptive agents. The modular form of the TNG facilitates experimentation with alternative specifications for trade partner matching, trading, expectation updating, and trade strategy evolution. Experimental results obtained using a C-t-f implementation suggest that the conventional optimal properties used to evaluate agent matching mechanisms in static market contexts may be in an equate measures of optimal from an evolutionary perspective.


Slavery, Adam Smith’S Economic Vision And The Invisible Hand, Spencer J. Pack Jan 1996

Slavery, Adam Smith’S Economic Vision And The Invisible Hand, Spencer J. Pack

Economics Faculty Publications

Smith was against slavery on moral and economic grounds. The "invisible hand" in societies which allow slavery, operates in such a way that increases in the wealth of the rich, leads to increased misery for the poor free citizens as well as for the slaves themselves. It seems that the beneficial workings of the "invisible hand" are dependent upon commercial societies which arc not based upon the institution of slavery.


Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee Jan 1996

Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee

PHILIP E GRAVES

There is no abstract for this brief paper.


Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee Dec 1995

Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief paper.


Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee Dec 1995

Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief paper.


Trends In Food Quality Regulation: Implications For Processed Food Trade And Foreign Direct Investment, Julie Caswell Dec 1995

Trends In Food Quality Regulation: Implications For Processed Food Trade And Foreign Direct Investment, Julie Caswell

Julie Caswell

Foreign direct investment (FDI) has been increasing at a faster rate than direct exports of processed foods over the past decades. To what extent does national-level food quality regulation influence these trends? Although unquantified as to its impact, such national-level regulation is frequently cited as a potential source of nontariff barriers to trade for food products. FDI may allow food processors to avoid rules intended to disadvantage imported products by siting production within particular markets. It may also allow more precise and rapid adaptation to domestic quality regulations. We discuss what is known about the effect of national-level regulation on ...


Regulatory Targets And Regimes For Food Safety: A Comparison Of North American And European Approaches, Neal Hooker, Julie Caswell Dec 1995

Regulatory Targets And Regimes For Food Safety: A Comparison Of North American And European Approaches, Neal Hooker, Julie Caswell

Julie Caswell

No abstract provided.