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Adaptive Model-Predictive Climate Policies in a Multicountry Setting  

Thierry Bréchet, Carmen Camacho, and Vladimir M. Veliov

This chapter extends the use of integrated assessment models (IAMs) by defining rational policies based on predictive control and adaptive behavior. After a review of the main IAMs, the ... More

The Analysis of Macroeconomic Panel Data  

Joerg Breitung

Print publication date:
Jan 2015
Online publication date:
May 2015
This chapter reviews recent developments in the analysis of macroeconomic panel data which typically involve aggregate variables from various countries. In contrast to the large N, small T ... More

Asymptotic Normal Inference in Linear Inverse Problems  

Marine Carrasco, Jean-Pierre Florens, and Eric Renault

Print publication date:
Feb 2014
Online publication date:
Aug 2014
This chapter studies the estimation of φ in linear inverse problems Tφ = r, where r is only observed with error and T may be given or estimated. The unknown element φ belongs to a Hilbert ... More

Austrian Economics and the Evolutionary Paradigm  

Naomi Beck and Ulrich Witt

Print publication date:
Nov 2015
Online publication date:
Dec 2015
This chapter discusses the challenges raised by the inclusion of evolutionary elements in the theories of Carl Menger, Joseph Schumpeter, and Friedrich Hayek. Each adopted an idiosyncratic ... More

Austrian Methodology: A Review and Synthesis  

Adam Martin

Print publication date:
Nov 2015
Online publication date:
Dec 2015
This chapter offers a synthetic account of the key methodological ideas espoused by prominent Austrian economists. It focuses on the contributions of Carl Menger, Ludwig von Mises, ... More

Bargaining and Negotiations: What Should Experimentalists Explore More Thoroughly?  

Werner Güth

Print publication date:
Sep 2012
Online publication date:
Dec 2012
This article argues for the need for improved models of cognitive limitations of bargainers in order to explain and predict outcomes. It became clear early that when designing institutions of ... More

Bargaining Games with Joint Production  

Emin Karagözoğlu

Print publication date:
Sep 2012
Online publication date:
Dec 2012
This article outlines the literature on experimental bargaining and distribution games with joint production. The analysis of aggregate behavior strongly rejects game theoretical predictions and ... More

Betting on Simultaneous Events and Accumulator Gambles  

Andrew Grant

Print publication date:
Nov 2013
Online publication date:
Dec 2013
As bettors become more sophisticated, there is an increasing focus on bankroll risk management or how much to bet on certain opportunities. Bettors often face situations where multiple ... More

Biased Beliefs in Negotiation  

George Wu, Richard P. Larrick, and Raegan Tennant

Print publication date:
Sep 2012
Online publication date:
Dec 2012
This article discusses the settings in which beliefs systematically diverge from reality and identify impacts for bargaining behavior. It is organized around two categories of beliefs: those related ... More

Bluffing, Agonism, and the role of Overconfidence in Negotiation  

Samuel A. Swift and Don Moore

Print publication date:
Sep 2012
Online publication date:
Dec 2012
This article investigates the impact of overconfidence on bargaining behavior, especially bluffing, and determines the conditions under which overconfident negotiators are advantaged or ... More

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