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There is growing evidence that low-quality customer service prevails in the mobile telecommunications industry. In this paper we provide theoretical support to this empirical observation by using simple game theoretical models where inefficient low-quality service levels are part of an...
Persistent link: https://www.econbiz.de/10010800876
In a real effort experiment with repeated competition we find striking differences in how the work effort of men and women responds to previous wins and losses. For women losing per se is detrimental to productivity, but for men a loss impacts negatively on productivity only when the prize at...
Persistent link: https://www.econbiz.de/10010859552
matched with, they then choose between a tournament or a piece rate payment scheme, and finally perform a real task. As … already observed in the literature, we find that significantly more men than women choose the tournament. The gender of the co … tournament incentives, or allowing the participants to choose the gender of their co-participant, increases women's willingness …
Persistent link: https://www.econbiz.de/10010739726
difference and their impact can be of the same order of magnitude as the initial search cost. In the Stahl oligopoly search model …
Persistent link: https://www.econbiz.de/10010845604
In downstream markets where entry is independent from profitability conditions, the upstream supplier’s optimal pricing policy is invariant with respect to downstream market structure. This price invariant result, however, is reversed when there is free entry in downstream market. When entry...
Persistent link: https://www.econbiz.de/10008518415
. Presents the main theories of rivalrous interaction among business firms and the problems of oligopoly and monopoly. Notes how …
Persistent link: https://www.econbiz.de/10005003313
We consider an oligopolistic market where firms compete in price and quality and where consumers have heterogeneous information: some consumers know both the prices, and quality of the products offered, some know only the prices, and some know neither. We show that if there are sufficiently many...
Persistent link: https://www.econbiz.de/10010573668
Persistent link: https://www.econbiz.de/10011092787
Neoclassical economics has two theories of competition between profit-maximizing firms—Marshallian and Cournot–Nash—that start from different premises about the degree of strategic interaction between firms, yet reach the same result, that market price falls as the number of firms in an...
Persistent link: https://www.econbiz.de/10011063597
is determined by his effort level, which depends on his private benefits. The managers compete on a product market by …
Persistent link: https://www.econbiz.de/10011092464