In an experiment on sequential rent-seeking, we find that the theoretically predicted first-mover advantage does not exist empirically. Rather, a second-mover advantage can be observed. Though the subgame…
The paper intends to contribute to a better understanding of the interactions between criminality, economic performance and social cohesion. We try to achieve this aim by evaluating the existing economic and…
Many empirical studies in applied production analysis are based on functional forms that have to satisfy some curvature conditions in order to be compatible with microeconomic theory. Curvature conditions means…
