Showing 1 - 5 of 5
This paper studies a dynamic bargaining model with informational externalities between bargaining pairs. Two principals bargain with their respective agents about the price they will pay for their work while its cost is agents' private information and correlated between them. The principals...
Persistent link: https://www.econbiz.de/10011083946
large returns. The risk-dominant equilibrium of the corresponding one-shot game is selected when the option to delay effort …
Persistent link: https://www.econbiz.de/10011084663
Why is there delay in contests? In this Paper we follow and extend the line of reasoning of Carl von Clausewitz to … explain delay. For a given contest technology, delay may occur if there is an asymmetry between defense and attack, if the …
Persistent link: https://www.econbiz.de/10005504736
Differential equations with advanced and delayed time arguments may arise in the optimality conditions of simple growth models with delays. Models with delayed adoption of new technologies, habit formation or learning-by-using lie in this category. In this paper we present new insight on the...
Persistent link: https://www.econbiz.de/10005067421
This Paper investigates the links between the nature of contractual relationships within firms, the strength of information flows spreading between firms and the dynamics of technological competition. At the firm level, we focus on the corporate incentives to design Knowledge Management policies...
Persistent link: https://www.econbiz.de/10005498111