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Full-Text Articles in Behavioral Economics
A New Experiment On Rational Behavior, Myles R. Macdonald
A New Experiment On Rational Behavior, Myles R. Macdonald
CMC Senior Theses
Behavioral economics is widely recognized as a rising field in economics, one whose discoveries and implications are not yet completed or understood. At the same time, economic theory plays an enormous role in our governmental and legal system. In particular, the Coase Theorem and its implications have affected nearly every area in the field of law and economics. This paper proposes a experimental test of Coasean bargaining in situations using two competitive players whose payoffs depend on minimizing their costs of mitigating the externality. A rational player’s action can be predicted ahead of time, and the rationality of the game’s …
Civil War And Political Contractualism Incomplete (Guerra Civil Y Contractualismo Político Incompleto) Spanish, Fernando Estrada
Civil War And Political Contractualism Incomplete (Guerra Civil Y Contractualismo Político Incompleto) Spanish, Fernando Estrada
Fernando Estrada
This chapter presents an interpretation of armed conflict in Colombia since reading "negative" of the Coase theorem. The relations of the civil war with limited conditions of policy and constitutional order, offer advantages to agents in a society threatened violent.