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are in contrast with the existing literature. In particular, an increase of demand location uncertainty decreases the … uncertainty about transport costs. Endogenizing the choice of objective function leads to the dominance of an extreme form of …
Persistent link: https://www.econbiz.de/10011051654
In this paper we argue that ambiguity, combined with social opinion formation, can be used as the foundation of a game-theoretic equilibrium concept that transcends the standard Nash equilibrium concept, applied to a model of the tragedy of the commons. Our approach sheds light on the...
Persistent link: https://www.econbiz.de/10010573060
In this paper we analyze R&D collaboration networks in industries where firms are competitors in the product market. Firms' benefits from collaborations arise by sharing knowledge about a cost-reducing technology. By forming collaborations, however, firms also change their own competitive...
Persistent link: https://www.econbiz.de/10009747220
Consider the Hotelling linear spatial duopoly with firm uncertainty over the consumer mean. As uncertainty about the …
Persistent link: https://www.econbiz.de/10010580457
Contest B. This situation is called contest uncertainty. In both contests, effort is additively distorted by a contest noise … added to (subtracted from) effort. We analyze the interaction of contest uncertainty and contest noise on contestant … contest uncertainty can imply greater effort. Furthermore, an introduction of an infinitesimal degree of contest uncertainty …
Persistent link: https://www.econbiz.de/10010931432
good character of many of these economic problems, encouraging free-riding. Another reason one might suspect is uncertainty …. Paradoxically, some recent papers have concluded just the opposite: the “veil of uncertainty” can be conducive to the success of …
Persistent link: https://www.econbiz.de/10011056195
Judgment proof injurers can be expected to take less than optimal precaution, as they bear only a part of the accident loss. However, it has been showed that under certain conditions the judgment proof problem can lead to overprecaution. We argue that overprecaution can never occur in magnitude...
Persistent link: https://www.econbiz.de/10005086892
then explain the effects of the relevant government policies, including information, tort liability laws, direct regulation …
Persistent link: https://www.econbiz.de/10014025523
This paper examines the role of liability for past environmental contamination in the privatization processes of …
Persistent link: https://www.econbiz.de/10005504606
focusing on the imposition of legal liability for damages from hazardous waste finds advantages and disadvantages of the U ….S. reliance on legal liability to pay for cleanup, as opposed to the government-financed approaches more common in Europe. …
Persistent link: https://www.econbiz.de/10010823030