Abstract We present an experiment where subjects sequentially receive signals about the true state of world and need to form beliefs which one is true, with payoffs related reported beliefs. attempt control for risk aversion using Offerman et al. (Rev Econ Stud 76(4):1461–1489, 2009) technique. Against baseline Bayesian updating, we test belief adjustment underreaction overreaction model decisi...

Aim/purpose – The paper aims to present a preliminary consumer typology based on the declared nutritional behaviors and selected lifestyle elements of Polish Slovak con- sumers. Design/methodology/approach research was conducted in first half 2019, among non-randomly subjects representing their households from Poland Slovakia. empirical part work is results employing structured standardized int...

We examine self-control problems — modeled as time-inconsistent, presentbiased preferences—in a model where a person must do an activity exactly once. We emphasize two distinctions: Do activities involve immediate costs or immediate rewards, and are people sophisticated or naive about future self-control problems? Naive people procrastinate immediate-cost activities and preproperate—do too soon...

Consumer risk preferences over income are derived from the optimal consumption bundle purchased at each income, via the construction of an indirect uility function. The paper shows that, even though an individual may exhibit risk averse preferences over a wide income range, consumer theory predicts that the opportunity to acquire high-priced luxury goods can induce a convexity in the indirect u...

The share of household resources devoted to children is hard to identify, because consumption is measured at the household level, and goods can be shared. Using semiparametric restrictions on individual preferences within a collective model, we identify how total household resources are divided up among household members, by observing how each family member’s expenditures on a single private go...

barbari is one of the common flat breads iniranwhich has short shelf life as other flat breads. hurdle technology has been recently developed to produce the safe, sustainable, nutritious, delicious and economical foods. it is considered as intelligent use of different preservation methods to obtain the moderate and trustable storage of foods. in this investigation the effects of polyol (propyle...

Double auction markets have consistently been shown to realize almost full efficiency and prices very near the theoretical prediction. Research typically focuses on the performance of the double auction in single market environments. However, real economic activity is coordinated across multiple markets, a far more complex task. This paper uses experimental methods to examine the double auction...

We show the existence of a pure strategy, symmetric, increasing equilibrium in double auction markets with correlated private valuations and many participants. The equilibrium we find is arbitrarily close to fully revealing as the market size grows. Our results provide strategic foundations for price-taking behavior in large markets. JEL Classification: C62, C72, D44, D82

In an economy with commodity-pairwise trading posts and transaction costs, commodity money is endogenously determined in general equilibrium. Absent double coincidence of wants, the lowtransaction cost commodity (with the narrowest proportional bid/ask price spread) becomes the common medium of exchange. JEL Classification: C62, E40

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