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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...
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...
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...