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The Role of Cognitive Ability, Personality Traits and Gender in Gift Exchange Outcomes
gift exchange experiment Big Five personality characteristics SAT scores
2015/9/23
We examine the role of cognitive ability, personality traits and gender in a one-shot gift
exchange experiment. Controlling for cognitive ability and personality characteristics,
men offer higher wa...
Pricing in the California Power Exchange Electricity Market: Should California Switch from Uniform Pricing to Pay-as-Bid Pricing?
Exchange Electricity Market Pay-as-Bid Pricing
2015/9/18
In mid-November, this Panel was constituted to investigate “whether the current rules for
determining the market price in the California Power Exchange Day-Ahead market results in a
fair and effic...
Kocherlakota and Pistaferri (2007) describe two different models (Private Information Pareto
Optimal and Incomplete Markets) of how households partially insure themselves against
idiosyncratic shock...
Commitment, Coercion, and Markets: The Nature and Dynamics of Institutions Supporting Exchange
Institutions Supporting Markets
2015/7/20
This chapter’s discussion of market-supporting institutions is geared toward
the issues we know the least about. First, the dynamics of market-supporting
institutions and the implied dynamics of mar...
What causes distinct trajectories of market development? Why did the modern market
economy, characterized by impersonal exchange, first emerge in the West? This paper presents a
theory of market dev...
Individual Rationality and Participation in Large Scale,Multi-Hospital Kidney Exchange
Health Care and Treatment Resource Allocation Market Participation Marketplace Matching
2015/4/24
As multi-hospital kidney exchange clearinghouses have grown, the set of players has grown from patients and surgeons to include hospitals. Hospitals have the option of enrolling only their hard-to-mat...
The effect of real exchange rates and their volatilities on the selected agricultural commodity exports: A case study on Turkey, 1971–2010
agricultural trade exchange rate volatility gravity, panel
2014/2/24
This study investigates the effect of the exchange rate volatility and the real exchange rate on the bilateral agricultural exports flows of Turkey to 46 countries. A panel data set, which contains 46...
Modelling savings behavior of agents in the kinetic exchange models of market
Modelling agents models of market
2010/10/20
Kinetic exchange models have been successful in explaining the shape of the income/wealth distribution in the economies. However, such models usually make some ad-hoc assumptions when it comes to det...
Abstract: This paper examines the relationship between the black-market premium and the rate of inflation under a dual exchange rate regime consisting of an official market and a black market. By expl...
The impact of the CAP reform and exchange rates on Slovak agriculture
agricultural policy agricultural markets CAP reform decoupling
2014/3/20
This paper uses a dynamic, partial equilibrium econometric model to analyze the impact of the 2003 CAP reform and changes of exchange rate on agricultural markets and agricultural incomes in Slovakia....
Illiquidity Discount in the Czech Republic: Comparison of Stock Prices at the Prague Stock Exchange and the Off-Exchange RMS
Lack of marketability discount Share-holder level discount Liquidity
2010/10/20
The Czech Republic – a transitional economy with an emerging market – suffers from a low level of efficiency and liquidity of capital markets together with a high level of information asymmetry i...