FZU - ZEW EnvEcon Monthly Brownbag Seminar
FZU-ZEW EnvEcon Monthly Brownbag Seminar
Termin / Date: Di., Tue. 12.30 - 14:00, einmal im Monat
Ort / Location: Seminar Room (room # 215) FZU, Bergheimer Str. 20, 69115 Heidelberg or in the Raum Luxemburg at the ZEW, L7, 1, 68161 Mannheim. Everybody is welcome!
The FZU-ZEW seminars are organized jointly with the ZEW Mannheim and take place in Heidelberg (HD) or Mannheim (MA).
The next FZU-ZEW EnvEcon Monthly Brownbag takes place on March 19, 12.30 to 14.00 hours at the ZEW, Raum Luxemburg, L7, 1, 68161 Mannheim.
Title: Costly Monitoring and the Emergence of Blind Trust
Presented by: Johannes Jarke (FZU)
Abstract:
"We study finite horizon modified trust games with endogenous information structures. At the end of each period, the first mover may acquire information about the second mover's action in that period. We exogenously vary the cost of monitoring. We find that the introduction of information costs results in less monitoring and an emergence of blind trust as a new behavior type, where (i) blind trust is the dominant behavior under costly monitoring, (ii) first mover cooperation is more frequent, and (iii) payoffs are higher if information is costly. Furthermore, neither did the average first mover in the costly monitoring condition worse than in the costless monitoring condition, nor did the average blind trustor worse than the average monitor or defector. We find that this static differences between conditions stem from differences in the respective dynamic patterns. Our preferred interpretation is a «second-order reputation building» hypothesis, according to which some second movers try to strategically exploit the costliness of monitoring by investing in a sufficiently favorable reputation in the initial periods in which they are likely to be monitored in order induce blind trust and reap larger gains from exploitation in later periods. We provide further results that support this interpretation."
All interested persons are welcome!
The next FZU-ZEW Brownbag will take place on April 16 12.30 to 14.00 hours at the FZU in Heidelberg.
14.5.2013 (MA)
18.6.2013 (HD)
16.7.2013
17.9.2013
15.10.2013
19.11.2013
17.12.2013
Sommersemester 2013
19.03.2013
19.02.2013 Claudio Baccianti
Title: Energy Conservation Policies under Household Heterogeneity and Uncertainty
22.01.2013 Johannes Diederich (FZU)
Title: Group size and the provision of public goods: An experiment with a diverse German subject pool
18.12.2012 Nikolas Wölfing
Title: Asymmetric Pass-through of Emission Allowances Prices in Power Wholesale and its End: Part 1 - The Effect of Regulatory Scrutiny
16.06.12 Peter Heindl (ZEW)
Title: Financial Intermediaries, Market Power, and Tradable Permits
17.07.12 Dr. Anke Leroux (Monash University)
Title: An opimal portfolio of urban water supply assets under climate change
14.08.12 Alexander Glas and Michael Hübler (ZEW)
Title: The Energy-Bias of South-North Convergence - A Global Bilateral, Bisectoral Panel Estimation
18.09.12. Prof. Dietrich Harlan Earnhard (University of Kansas)
Title: Effluent Limits and Monitoring: Do Regulators Inspect Polluters Facing Tighter Limits Differently?
16.10.12 Miguel Angel Tovar Reanos
Title: The structure of energy efficiency investment in the UK households and its average monetary and environmental savings
11.12 Johannes Lohse (FZU)
Title: Public good games and public good provision – is there a difference? Evidence from an artefactual field experiment.
