• Camouflaged Trade Agreements 

      Appelbaum, Elie; Melatos, Mark
      Published 2012-05-01
      We raise the possibility that at least some of the free trade areas observed in practice are customs unions in disguise. We distinguish between generalized and standard customs unions. While members of the former can choose ...
      Open Access
      Working Paper
    • To See Is To Believe: Common Expectations In Experimental Asset Markets 

      Cheung, Stephen L.; Hedegaard, Morten; Palan, Stefan
      Published 2012-05-01
      We experimentally manipulate agents' information regarding the rationality of others in a setting in which previous studies have found irrationality to be present, namely the asset market experiments introduced by Smith, ...
      Open Access
      Working Paper
    • Estimation of Public Goods Game Data 

      Merrett, Danielle
      Published 2012-04-01
      This paper compares the performance of alternative estimation approaches for Public Goods Game data. A leave-one-out cross validation was applied to test the performance of five estimation approaches. Random effects is ...
      Open Access
      Working Paper
    • How Does Uncertainty Affect the Choice of Trade Agreements? 

      Appelbaum, Elie; Melatos, Mark
      Published 2012-04-01
      This paper analyzes how uncertainty and the timing of its resolution influence the formation and design of regional trade agreements. Two sources of uncertainty — in demand and costs — are considered. We compare the case ...
      Open Access
      Working Paper
    • Endogenous time preference: evidence from Australian households’ behaviour 

      Dutta, Dilip; Yang, Yibai
      Published 2012-03-01
      Recently, the focus has been increasingly on the importance of endogenous time preference and its varying degrees of marginal impatience. Two types of marginal impatience can change the representative household's endogenous ...
      Open Access
      Working Paper