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:
CreatorsEmailORCID
Buckenmaier, Johannesjohannes.buckenmaier@uni-koeln.deUNSPECIFIED
Contributors:
ContributionNameEmail
UNSPECIFIEDAlós-Ferrer, CarlosUNSPECIFIED
UNSPECIFIEDDimant, EugenUNSPECIFIED
UNSPECIFIEDMittone, LuigiUNSPECIFIED
UNSPECIFIEDPosten, Ann-ChristinUNSPECIFIED
UNSPECIFIEDSchmidt, UlrichUNSPECIFIED
URN: urn:nbn:de:hbz:38-79775
Subjects: Economics
Uncontrolled Keywords:
KeywordsLanguage
Market InstitutionEnglish
Stochastic StabilityEnglish
SimulationEnglish
ImitationEnglish
Iterative ThinkingEnglish
Response TimesEnglish
Tax EvasionEnglish
CollusionEnglish
SwiftnessEnglish
Faculty: Faculty of Management, Economy and Social Sciences
Divisions: Faculty of Management, Economy and Social Sciences > Staatswissenschaftliches Seminar
Language: English
Date: 18 August 2017
Date of oral exam: 6 November 2017
Referee:
NameAcademic Title
Alós-Ferrer, CarlosProf. Dr.
Alaoui, LarbiProf. Dr.
Refereed: Yes
URI: http://kups.ub.uni-koeln.de/id/eprint/7977

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