We use a duopoly model of non-drastic innovation with production differentiation to examine the sequential pricing and simultaneous purchase decisions of an experimental use license in a three-stage game. In equilibrium, the technologically advantaged firm will purchase a license while the technologically disadvantaged does not (regardless of the order of pricing decisions). While efficiency re...

This is the first paper on consumer search where the cost of going back to stores already searched is explicitly taken into account. We show that the optimal sequential search rule under costly second visits is very different from the traditional reservation price rule in that it is nonstationary and not independent of previously sampled prices. We explore the implications of costly second visi...

Experimental characterization of arch wires has been performed in many previous studies; however with the advent of new arch wire materials being introduced, some new experimental methods and characterization are required. Since literature is available for comparison, this paper examines mechanical and physical characteristics of steel arch wires to quantify their variability in engineering ter...

Investigators often have multiple suspects to interview in order to determine whether they are guilty or innocent of a crime. Nevertheless, co-offending has been significantly neglected within the deception detection literature. The current review is the first of its kind to discuss co-offending and the importance of examining the detection of deception within groups. Groups of suspects can be ...

We study whether people fail to choose e¢ cient policies (or institutions) and the reasons why such failure may arise. More precisely, we experimentally show that a large proportion of people vote against policies that would help them overcome social dilemmas. In addition, we show that this is linked to subjects failing to fully anticipate the equilibrium e¤ects of policies. By eliciting subjec...

In 2007 Slovenia launched a comprehensive reform of its tax system. To estimate the different proposals (including a flat-tax proposal) and their overall effect on individual taxpayers and government budget a static micro-simulation model was constructed and combined with a computable general equilibrium model. It uses a large, comprehensive database (6% of the population) provided by relevant ...

In this paper we make two contributions to the growing literature on \citizen-candidate" models of representative democracy. First, we add uncertainty about the total vote count. We show that in a society with a large electorate, where the outcome of the election is uncertain and where winning candidates receive a large reward from holding oÆce, there will be a two-candidate equilibrium and no ...

We consider a game between two capacity providers that compete for customers through a broker who works on commissions and sells to both loyal and non-loyal customers. The capacity providers compete by selecting commission margins and sales thresholds at which commissions on all sales increase. We show that in equilibrium, contracts require positive sales thresholds. The threshold requirement c...

This paper examines the potential for location-based employment tax incentives to have a differential effect on establishment location and employment across industry sectors. We model the differential effect of the location-based federal Empowerment Zone (EZ) wage tax credit on equilibrium labor and total cost savings across industry sectors. The model guides our empirical work, as we test the ...