Showing 1 - 6 of 6
is more conducive to entry - precisely because of its inefficiency - it usually generates higher expected revenue. We … also discuss the effects of lock-ups, matching rights, break-up fees (as in takeover battles), entry subsidies, etc. …
Persistent link: https://www.econbiz.de/10004976795
buyers. In an auction all entry decisions are made prior to any bidding. In a sequential bidding process earlier entrants can … auction is more conducive to entry in several ways it usually generates higher expected revenue. A substantially revised …
Persistent link: https://www.econbiz.de/10005123726
We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...
Persistent link: https://www.econbiz.de/10011262883
We build a theory of prosocial behaviour that combines heterogeneity in individual altruism and greed with concerns for social reputation or self-respect. The presence of rewards or punishments creates doubt as to the true motive for which good deeds are performed, and this ‘overjustification...
Persistent link: https://www.econbiz.de/10005498047
This paper analyzes how private decisions and public policies are shaped by personal and societal preferences (values), material or other explicit incentives (laws) and social sanctions or rewards (norms). It first examines how honor, stigma and social norms arise from individuals’ behaviors...
Persistent link: https://www.econbiz.de/10009371470
We analyse the major economic issues raised by the 1997 Tobacco Resolution and the ensuing proposed legislation that were intended to settle tobacco litigation in the United States. By settling litigation largely in return for tax increases, the Resolution was a superb example of a "win-win"...
Persistent link: https://www.econbiz.de/10005791442