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  1.  70
    Dynamic Inconsistency and Choice.Isabelle Brocas - 2011 - Theory and Decision 71 (3):343-364.
    In this paper, we analyze an intra-personal game where a decision-maker is summarized by a succession of selves. Selves may (or may not) have conflicting interests, and earlier selves may have imperfect knowledge of the preferences of future selves. At date 1, self-1 chooses a menu, at date 2, the preferences of self-2 realize and self-2 chooses an item from the menu. We show that equilibrium choice is consistent with either a preference for flexibility, a preference for betweenness or a (...)
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  2.  40
    Optimal Allocation Mechanisms with Type-Dependent Negative Externalities.Isabelle Brocas - 2013 - Theory and Decision 75 (3):359-387.
    I analyze optimal auction design in the presence of linear type-dependent negative externalities. I characterize the properties of the optimal mechanism when externalities are “strongly decreasing” and “increasing” in the agent’s valuation and I discuss its implementation with sealed-bid auctions. Interestingly, bidding strategies are not necessarily increasing in valuations, and the optimal mechanism can be implemented by setting a price ceiling instead of a reserve price.
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  3.  2
    The Psychology of Economic Decisions: Volume Two: Reasons and Choices.Isabelle Brocas & Juan D. Carrillo (eds.) - 2003 - Oxford University Press UK.
    Psychologists have a long tradition of studying human behavior, strengths and weaknesses, biases and limitations. Economists have constructed normative frameworks that capture the most important elements of human decision-making and developed powerful tools to determine individual and strategic choices in a variety of situations. Only recently have their strengths been combined and economic models enriched with key ingredients found in psychological studies.This volume covers four of the most important themes in this interdisciplinary field: feelings, inconsistencies, limitations and biases. Each chapter (...)
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  4.  1
    The Psychology of Economic Decisions: Volume Two: Reasons and Choices.Isabelle Brocas & Juan D. Carrillo (eds.) - 2003 - Oxford University Press UK.
    Psychologists have a long tradition of studying human behavior, strengths and weaknesses, biases and limitations. Economists have constructed normative frameworks that capture the most important elements of human decision-making and developed powerful tools to determine individual and strategic choices in a variety of situations. Only recently have their strengths been combined and economic models enriched with key ingredients found in psychological studies.This volume covers four of the most important themes in this interdisciplinary field: feelings, inconsistencies, limitations and biases. Each chapter (...)
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  5.  43
    Endogenous Entry in Auctions with Negative Externalities.Isabelle Brocas - 2003 - Theory and Decision 54 (2):125-149.
    In this paper, we study the auction to allocate an indivisible good when each potential buyer has a private and independent valuation for the item and suffers a negative externality if a competitor acquires it. In that case, the outside option of each buyer is mechanism-dependent, which implies that participation is endogenous. As several works in the literature have shown, the optimal auction entails strong threats to induce full entry and maximal expected revenue. This results from the full commitment assumption, (...)
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  6.  2
    The Psychology of Economic Decisions: Volume One: Rationality and Well-Being.Isabelle Brocas & Juan D. Carrillo (eds.) - 2003 - Oxford University Press UK.
    Psychologists and economists often ask similar questions about human behaviour. This volume brings together contributions from leaders in both disciplines.The editorial introduction discusses methodological differences between the two which have until now limited the development of mutually beneficial lines of research. Psychologists have objected to what they see as an excessive formalism in economic modelling and an unrealistic degree of sophistication in the behaviour of individuals, while economists criticize the absence of a general psychological framework into which most results can (...)
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