The B.E. Journal
of Theoretical
Economics
Editors
Matteo Cervellati, University of Bologna
Yuk-fai Fong, Hong Kong University of Science and Technology, Business School
Ronald Peeters, Maastricht University
Daniela Puzzello, Indiana University
Javier Rivas, University of Leicester
Burkhard C. Schipper, University of California–Davis
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The B.E. Journal of Theoretical Economics (BEJTE) welcomes submissions in all areas of economic
theory, both applied and „pure“ theory. Contributions can be either innovations in economic theory or
rigorous new applications of existing theory. Pure theory papers published in the journal include, but
are by no means limited to, those in behavioral economics and decision theory, game theory, general
equilibrium theory, and the theory of economic mechanisms. Applications could encompass, but are
not restricted to, contract theory, public finance, financial economics, industrial organization, law and
economics, and labor economics.
Abstracted/Indexed in AGRICOLA (National Agricultural Library), Cabell‘s Directory, Celdes,
CNPIEC, EBSCO - Business Source, EBSCO - TOC Premier, EBSCO Discovery Service, ECONIS,
EconLit, Elsevier - SCOPUS, Google Scholar, J-Gate, Mathematical Reviews (MathSciNet), Naviga
(Softweco), Primo Central (ExLibris), ProQuest - International Bibliography of the Social Sciences (IBSS), Research Papers in Economics (RePEc), SCImago (SJR), Summon (Serials Solutions/
ProQuest), TDOne (TDNet), Thomson Reuters - Current Contents/Social and Behavioral Sciences,
Thomson Reuters - Journal Citation Reports/Social Sciences Edition, Thomson Reuters - Social Sciences Citation Index, Ulrich‘s Periodicals Directory/ulrichsweb, WorldCat (OCLC), Zentralblatt Math.
ISSN 2194-6124 · e-ISSN 1935-1704
All information regarding notes for contributors, subscriptions, Open Access, back volumes and orders
is available online at http://www.degruyter.com/bejte.
RESPONSIBLE EDITOR Burkhard C. Schipper, University of California–Davis, Department of
Economics, One Shields Avenue, Davis, CA 95616, USA, Fax +1-530-752 9382,
Email: [email protected]
Journal Manager Friederike Winter, De Gruyter, Genthiner Straße 13, 10785 Berlin,
Germany. Tel.: +49 (0)30 260 05-376, Fax: +49 (0)30 260 05-250,
Email: [email protected]
responsible for advertisements Cladia Neumann, De Gruyter, Genthiner Straße 13,
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© 2016 Walter de Gruyter GmbH, Berlin /Boston
Printed in Germany
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BE J. Theor. Econ.
2016 | Volume 16 | Issue 1
Contents
Research Articles
Mariko Tanaka
Currency Exchange in an Open-Economy Random Search Model
1
Climent Quintana-Domeque and Francesco Turino
Relative Concerns on Visible Consumption: A Source of Economic
Distortions
33
Aniruddha Bagchi and Siddhartha Bandyopadhyay
Workplace Deviance and Recession
47
Nathan Larson
Strategic Delay in Global Games
Sasan Bakhtiari
Assortative Outsourcing with Exit
83
119
Péter Csóka and Miklós Pintér
On the Impossibility of Fair Risk Allocation
143
Alexander Steinmetz
Price and Inventory Dynamics in an Oligopoly Industry:
A Framework for Commodity Markets
159
Paul Anglin and Yanmin Gao
The Dynamics of Incentives, Productivity, and Operational Risk
Carmen Beviá and Luis C. Corchón
Dynamic Contests With Bankruptcy: The Despair Effect
181
217
Hiroaki Ino and Toshihiro Matsumura
Welfare-Improving Effect of a Small Number of Followers
in a Stackelberg Model
243
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2016 | Volume 16 | Issue 1
BE J. Theor. Econ.
Romain Baeriswyl and Camille Cornand
The Predominant Role of Signal Precision in Experimental Beauty
Contests
267
Hyeon Park
Loss Aversion and Consumption Plans with Stochastic Reference
Points
303
Mikhail Galashin and Sergey V. Popov
Teamwork Efficiency and Company Size
337
Jorge Holzer and Kenneth McConnell
A Model of Access in the Absence of Markets
367
Giorgos Stamatopoulos
The Core of Aggregative Cooperative Games with Externalities
389
Notes
Theodore Bergstrom, Shane Parendo and Jon Sonstelie
Competition and Personality in a Restaurant Entry Game
411
Editorial
Ronald Peeters
Editorial comment on “A Note on the Equivalence of the Conjectural
Variations Solution and the Coefficient of Cooperation” by Escrihuela-Villar, M.,
The B.E. Journal of Theoretical Economics. Volume 15, Issue 2, Pages 473–480,
2015
435
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