This study aims at analyzing the characteristics of the food need in the area of Jombang and Probolinggo regencies as well as developing a model of local superiority-based policy to achieve the food security. This study employs descriptive qualitative approach. This study is carried out in eight months in March to October 2015. The respondent of the study is the governmental staff of Jombang an...

We experimentally investigate how impartial observers allocate money to agents whose complementarity and substitutability determine the surplus that each group can achieve. Analyzing data through lens of axioms solutions from cooperative game theory, a one-parameter model (mixing equal split Shapley value) arises as parsimonious description data. (JEL C71, C91, D12, D63)

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...

The Journal of Economic Literature codes classification system (JEL) published by the American Association (AEA) is de facto standard for research literature in economics. JEL used to classify articles, dissertations, books, book reviews, and working papers EconLit, a database maintained AEA. Over time, it has evolved extended with over 850 subclasses. This paper reviews history development sys...

I show that a unique equilibrium exists in an asymmetric two-player all-pay auction with a discrete signal structure, correlated signals, and interdependent valuations. The proof is constructive, and the construction can be implemented as a computer program and be used to derive comparative statics. I also characterize the set of equilibria when a reserve price is introduced. JEL Classification...

This paper examines a model in which position auctions influence consumer search. Both the selection of firms to include and the ordering of firms affect the efficiency of consumer search. Implications for reserve prices, click-through weights, and product variety are discussed. A two-stage auction mechanism is proposed. JEL Classification No.: D44, L86, M37

The paper evaluates the theoretical literature on public pension schemes. First, the terms pay-as-you-go and capital reserve are made precise. These two systems are then compared, followed by a consideration of their efficiency properties. Thereafter conversion policies are discussed. JEL-Classification: H21, H55

We study social learning in a continuous action space experiment. Subjects, acting sequence, state their beliefs about the value of good after observing predecessors’ statements and private signal. compare behavior laboratory with Perfect Bayesian Equilibrium prediction predictions bounded rationality models decision-making: redundancy information neglect model overconfidence model. The results...

Since the mid-1990s, the U.S. payment system has undergone a transformation featuring a significant decline in the use of paper checks that is quite uneven across consumers and not well understood. This paper shows that characteristics of payment instruments are the most important determinants of their use, by estimating econometric models of consumers’ adoption (extensive margin) and use (inte...