Many business relationships begin with informal interactions and later transition to formal contracts. Using a repeated-games model with a finite horizon, we show that this hybrid-contracting approach can both…
We study how far-right mass rallies affect people’s views about a city and thus location choices of nationals. To this end, we first exploit that the city of Dresden (Germany) unexpectedly experienced such…
This paper proposes a game-theoretic model to analyze the strategic behavior of incdec gaming in market-based congestion management (redispatch). We extend existing models by considering incomplete information…
We assess intergenerational mobility in terms of education and income rank in five Latin American countries—Brazil, Chile, Ecuador, Mexico, and Panama—by accounting for the education and occupation of both…
This paper analyzes bank lending behavior toward novel clean energy technologies in the presence of high screening costs and potential learning-by-lending. In a two-period model, bank loans in the first period…
The rise of societal goals like climate change mitigation and energy security calls for rapid capacity growth in renewable electricity sources, yet citizens’ support is put to a test when such technologies emit…
We investigate how buyer-supplier communication affects procurement prices, comparing auctions without direct communication to negotiations allowing it. In controlled experiments involving students and…
