Seminario 19/13: Francisco Cabo (U. Valladolid) – Interaction and imitation between Sanchos and Quixotes: A misleading evolutionary equilibrium

Monumento_al_Quijote_y_Sancho

The paper analyzes the interaction between individuals belonging to two distinct populations, who share the same strategy set but differ in their payoff matrices. A two-population evolutionary game describes this interaction, that presents a double dimension. On the one hand, agents in one population play a game against individuals within their own and also the…

Seminario19/14: José Carlos González Pimienta (UC3M) – Costly voting: a large-scale real effort experiment.

Votación_del_Congreso_Nacional_de_Chile_(1826)

We test the turnout predictions of the canonical costly voting model through a large-scale, real effort experiment. We recruit 1,200  participants through Amazon’s Mechanical Turk and employ a 2 x 2 between subjects design encompassing small ( N = 30) and large ( N = 300) elections, as well as close and lopsided. As predicted,…

Seminario 19/8: Juan de Dios Moreno Ternero (Universidad Pablo de Olavide de Sevilla)- A family of rules to share the revenues from broadcasting sport events

Sport

Abstract: We consider the problem of sharing the revenues from broadcasting sport league events, introduced by Bergantiños and Moreno-Ternero (2019). We characterize a family of rules compromising between two focal and somewhat polar rules: the equal-split rule and concede-and-divide. The characterization only makes use of three basic axioms: equal treatment of equals, additivity and maximum…

Seminario 18/20: Ana B. Ania-Martínez (U. of Vienna) – Laboratory federalism with public funds sharing

Cover-banner-Michael

Abstract: We explore the role of public funds sharing in the  framework of laboratory federalism, viewed as a learning process of policy innovation and imitation. In a model of decentralized, rich-to-poor redistribution with labor mobility, such a learning dynamics leads to the complete erosion of the welfare state. We show that suitably designed funds sharing schemes can correct this…

Seminario 18/17: Ricardo Martínez (Universidad de Granada) THE PROBLEM OF DIVIDING A BUDGET AMONG SEVERAL DISTRICTS

Budget

We study the problem of dividing a budget among the districts of a city taking into account their population and wealth. We focus on order preservation properties that ensure higher transfers to those districts with larger populations and, at the same time, introduce a policy redistribution so that districts with lower wealth per capita obtain…

Seminario 18/14: (Greys Sosic, USC Marshall School of Business, USA) Incentives and Emission Responsibility Allocation in Supply Chains

greenhouse_gas_emissions

In view of the urgency and challenges of mitigating climate change, it should be noted that Greenhouse Gas (GHG) emitted from the supply chains of the 2,500 largest global corporations accounts for about 18% of global GHG emissions. Therefore, rationalizing emissions in supply chains could make a significant contribution to achieving the CO2 emission reduction…

Seminario 18/7: CANCELADO HASTA NUEVA ORDEN Juan José Ganuza (UPF and Barcelona GSE) and Fernando Gómez (UPF)- Formal Contracts Without Courts. Scoring Suppliers to Build Trust

Formal contract

CANCELADO POR ENFERMEDAD DEL PONENTE. SE AVISARÁ CUANDO SE FIJE OTRA POSIBLE FECHA. ABSTRACT Relevant empirical findings point at the actual use of explicit (but imperfectly en- forceable) formal contracts by businesses alongside substantial informal dimensions in the relationship. In this paper we formally show the supporting role that formal contracts play for relational interactions. …

Seminario 18/05: David Jiménez Gómez (U. Alicante)- Evolution of Self-Control in the Brain

self-control

ABSTRACT. Temptation and self-control evolved as single mechanism to make humans behave against their own self-interest. I follow a recent literature in Economics on the evolution of preferences, by modeling the evolution of self-control in a principal-agent framework. The principal can obtain the first best asymptotically by biasing the utility of the agent (from which…

Seminario 17/20: Fernando Bernstein (Duke University) – A Dynamic Clustering Approach to Data-Driven Assortment Personalization

cluster

Abstract We consider an online retailer facing heterogeneous customers with initially unknown product preferences. Customers are characterized by a diverse set of demographic and transactional attributes. The retailer can personalize the customers’ assortment offerings based on available profile information to maximize cumulative revenue. To that end, the retailer must estimate customer preferences by observing transaction…