Advances in Behavioral Economics

This volume is dedicated to Horst Todt who celebrated his seventieth an niversaryon March 14, 2000. All the contributors know Horst Todt personally and (with the exception of two younger co-authors) have accompanied his scientific career for sev eral years, some as his assistants, some as his colleagues at the Frankfurt or Hamburg University, some as fellow members in scientific societies. All who know him acknowledge inspiring conversations on a broad field of issues often reaching far beyond the scope of economics. Being friendly and entertaining and without exaggerated personal ambition he often initiated work which others completed. In particular the two editors of this volume experienced and enjoyed the stimulating atmosphere at his Chair of Economics at the Hamburg University. We like to remember these scientifically and personally fruitful years under the tutorship of Horst Todt. The editors would like to thank the contributors to this volume for their readiness to cooperate and for the promptness of their delivery.

I. On Horst Todt.- 1 In Honor of Horst Todt.- 2 Horst Todt in Tartu.- II. Scientific Contributions.- 3 How Do Decisions Emerge? Generating Ultimatum Proposals.- 4 Economic Decisions by Approved Principles Rules of Thumb as Behavioral Guidelines.- 5 Fairness, Power and their Relationship.- 6 Solidarity.- 7 What is a Game? The Winner Takes it All.- 8 Monopolistic and Oligopolistic Imperfect Demand Competition Preferences of Suppliers for Demanders.- 9 The Global Homo Oeconomicus Integrating Economic Theories.- 10 International Trade and Spatial Markets Trade Policy from a Theory of Spatial Pricing Perspective.- 11 Trans-European Effects of Trans-European Networks Results from a spatial CGE analysis.- 12 Asset Disposition and Economic Development.- 13 Policy Mixes in a Monetary Union.- 14 High Order Strategic Thinking The Subscriber s Dilemma in an Experimental Stock Issuing and the Keynesian Beauty Contest.- 15 Imitation in a Two-Level Hexapoly.