Similar Search Results

Cornelli, Francesca; Felli, Leonardo - CESifo - 2000

The restructuring of a bankrupt company often entails the sale of such company. This paper suggests a way to sell the company that maximizes the creditors' proceeds. The key to this proposal is the option left to the creditors to retain a fraction of the shares of the company. Indeed, by...

Persistent link: https://www.econbiz.de/10005405745

Conflicts with Multiple Battlefields

Dan Kovenock J.; Roberson, Brian - CESifo - 2010

This paper examines conflicts in which performance is measured by the players' success or failure in multiple component conflicts, commonly termed “battlefields”. In multi-battlefield conflicts, behavioral linkages across battlefields depend both on the technologies of conflict within each...

Persistent link: https://www.econbiz.de/10008671699

The Scope of Auctions in the Presence of Downstream Interactions and Information Externalities

Koska, Onur A.; Onur, Ilke; Stähler, Frank - CESifo - 2015

-cost firm under incomplete information: a separating auction implies adverse selection and relies substantially on commitment to … allocation and transfer rules. A pooling auction serves as a commitment device against ex-post opportunistic behavior and … alleviates adverse selection. It can earn the investor a higher expected payoff than a separating auction, even when consistency …

Persistent link: https://www.econbiz.de/10011205382

UK Natural Gas: Gas-Specific or Oil Driven Pricing?

Asche, Frank; Oglend, Atle; Osmundsen, Petter - CESifo - 2013

the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and …

Persistent link: https://www.econbiz.de/10010721610

How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...

Persistent link: https://www.econbiz.de/10010877694

Growing Groups, Cooperation, and the Rate of Entry

Ranehill, Eva; Schneider, Frédéric; Weber, Roberto A. - CESifo - 2014

We study the stability of voluntary cooperation in response to varying rates at which a group grows. Using a laboratory public-good game with voluntary contributions and economies of scale, we construct a situation in which expanding a group’s size yields potential efficiency gains, but only...

Persistent link: https://www.econbiz.de/10010877699

Justice under Uncertainty

Cettolin, Elena; Riedl, Arno - CESifo - 2013

choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when …

Persistent link: https://www.econbiz.de/10010877816

Organizations, Diffused Pivotality and Immoral Outcomes

Falk, Armin; Szech, Nora - CESifo - 2013

This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...

Persistent link: https://www.econbiz.de/10010877864

More than Thirty Years of Ultimatum Bargaining Experiments: Motives, Variations, and a Survey of the Recent Literature

Güth, Werner; Kocher, Martin G. - CESifo - 2013

subjectively-colored, recollection of the initial ultimatum game experiment, its motivation and the immediate responses. Second, we …

Persistent link: https://www.econbiz.de/10010877980

Self-Confidence and Strategic Behavior

Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - CESifo - 2013

We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic concerns, and find compelling evidence supporting this hypothesis in the behavior of participants who send and respond to others’ statements of confidence about how well they have...

Persistent link: https://www.econbiz.de/10010877986