Universität zu Köln

Buckenmaier, Johannes (2017). Evolution, Bounded Rationality and Institutions. PhD thesis, Universität zu Köln.

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Abstract

This dissertation consists of five self-contained research papers that cover theoretical work, simulation-based research, and experimental studies. My research interests are mainly focused on two interrelated areas within economics. One area is concerned with the economic consequences as well as the foundations of boundedly rational behavior. The other area is more specific and concerns the design of institutions and how they can be used to shape behavior and align incentives. The first chapter belongs to both areas, Chapters 2 and 3 cover topics from the former area, whereas the last two chapters contribute to the latter area. Chapter 1 concerns the role of trader matching with regard to the selection of market institutions by boundedly rational traders. Chapter 2 presents results on the stability of the Cournot-Nash and the Walrasian equilibrium under imitative behavior. Chapter 3 presents a model linking response times and iterative thinking and provides experimental evidence regarding the underlying processes of iterative thinking. Chapter 4 investigates the effects of a leniency mechanism on collusive bribery and tax evasion. Chapter 5 asks how the timing of punishment and the timing of the resolution of uncertainty affect deterrence of illicit behavior. In the remainder of this section I present a brief introduction for each chapter and summarize the main findings.

Item Type:	Thesis (PhD thesis)
Creators:	Creators Email ORCID ORCID Put Code Buckenmaier, Johannes johannes.buckenmaier@uni-koeln.de UNSPECIFIED UNSPECIFIED
Contributors:	Contribution Name Email UNSPECIFIED Alós-Ferrer, Carlos UNSPECIFIED UNSPECIFIED Dimant, Eugen UNSPECIFIED UNSPECIFIED Mittone, Luigi UNSPECIFIED UNSPECIFIED Posten, Ann-Christin UNSPECIFIED UNSPECIFIED Schmidt, Ulrich UNSPECIFIED
URN:	urn:nbn:de:hbz:38-79775
Date:	18 August 2017
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Weitere Institute, Arbeits- und Forschungsgruppen > Staatswissenschaftliches Seminar
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language Market Institution English Stochastic Stability English Simulation English Imitation English Iterative Thinking English Response Times English Tax Evasion English Collusion English Swiftness English
Date of oral exam:	6 November 2017
Referee:	Name Academic Title Alós-Ferrer, Carlos Prof. Dr. Alaoui, Larbi Prof. Dr.
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/7977