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Regional price levels in Germany
Cross-sectional evidence on price levels is scarce for all countries. However, several studies suggest that there might exist considerable differences in price levels within countries, which hasExpand
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Wages and Market Potential in Germany
A pipeline coupling adapted for mounting over a pipe to which connection is to be made. It includes an annular seal ring of elastomeric material supported by the coupling and adapted for deformationExpand
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How important is geography for agglomeration
The economic geography literature distinguishes between two types of reasons for economic agglomeration. Regional concentration of economic activity can be attributed to 'first nature' meaningExpand
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Unstructured Bargaining Over an Endogenously Produced Surplus and Fairness Ideals – An Experiment
Fairness considerations are important determinants of behavior in unstructured bargaining situations with equal bargaining power. If the surplus over which the bargaining takes place was created byExpand
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Coordination Failure Caused by Sunspots
In a coordination game with Pareto-ranked equilibria, we study whether a sunspot can lead to either coordination on an inferior equilibrium (mis-coordination) or to out-of equilibrium behaviorExpand
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Real-time tacit bargaining, payoff focality, and coordination complexity: Experimental evidence
TLDR
We conduct a bargaining experiment where interaction is tacit and payoffs are earned and cumulated in real time. Expand
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Willingness to consume and ability to consume
George Katona (1960) introduced the distinction between ability to buy and willingness to buy. Ability to buy refers to the objective factors determining actual purchases whereas willingness to buyExpand
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The Importance of Time-Series Extrapolation for Macroeconomic Expectations
Abstract This article presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast inflation and gross domestic product growth. By varying the informationExpand
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Information, Learning and Expectations in an Experimental Model Economy
The experimental ‘learning-to-forecast’ literature finds that subjects use simple linear backward-looking models when forecasting in environments with little to no inout the economic framework. WeExpand
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Earnings Disparities in Unified Germany: Nominal versus Real
AbstractData on nominal earnings are widely used both in policy discussions and in economic research. However, for welfare comparisons and tests of economic theories, real – i.e. price levelExpand
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