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Structural Adjustment and Endogenous Worker Recall Probabilities

Meland, Frode; Torsvik, Gaute - CESifo - 2002

link to the war of attrition literature, showing that the Bulow and Klemperer (1999) ”one too many”-result may not hold if …

Persistent link: https://www.econbiz.de/10005181531

Volunteering and the Strategic Value of Ignorance

Morath, Florian - CESifo - 2011

Private provision of public goods often takes place as a war of attrition: individuals wait until someone else …

Persistent link: https://www.econbiz.de/10009021240

Smooth Multibidding Mechanisms

Pérez-Castrillo, David; Quérou, Nicolas - CESifo - 2011

We propose a smooth multibidding mechanism for environments where a group of agents have to choose one out of several projects. Our proposal is related to the multibidding mechanism (Pérez-Castrillo and Wettstein, 2002) but it is “smoother” in the sense that small variations in an agent’s...

Persistent link: https://www.econbiz.de/10008914291

Wars of Conquest and Independence

Hodler, Roland; Yektas, Hadi - CESifo - 2013

nothing if it loses. We study a model of war with such an asymmetric payoff structure, and private information about military … win the war unless its expected military technology is considerably worse. Our model may thus explain why defending …

Persistent link: https://www.econbiz.de/10010668476

War and Democracy

Hess, Gregory D.; Orphanides, Athanasios - CESifo - 1999

international conflict. In this paper, we investigate whether this motive is sufficiently important for war to persist in … Immanuel Kant (1795, 1991) always exists. The reason is that in the absence of the threat of war, leaders are unable to divert … exist with a positive war frequency. Third, if multiple equilibria exist, the perpetual peace equilibrium may be unstable in …

Persistent link: https://www.econbiz.de/10005765879

A Strategic R&D Investment with Flexible Development Time in Real Option Game Analysis

Villani, Giovanni - CESifo - 2009

The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However, most R&D investment projects are open to competing...

Persistent link: https://www.econbiz.de/10005013067

Tacit Collusion under Imperfect Monitoring in the Canadian Manufacturing Industry: An Empirical Study

Resende, Marcelo; Zeidan, Rodrigo M. - CESifo - 2011

The paper undertakes a cross-sectoral analysis of a salient empirical implication of the model of tacit collusion advanced by Abreu et al (1986). Specifically, the prevalence of a first order Markovian process for alternating between price wars and collusive periods is assessed by means of...

Persistent link: https://www.econbiz.de/10009352229

The Eurozone Needs Exit Rules

Fahrholz, Christian; Wójcik, Cezary - CESifo - 2012

This paper argues that the key issue for defining and solving the Eurozone’s (EZ) difficulties lies in readjusting the relationship between the centre and the periphery of the EZ. Our argument proceeds in two steps. Firstly, the basic finance problem of a centre-periphery system is captured by...

Persistent link: https://www.econbiz.de/10010553271

A Theory of Reciprocity

Falk, Armin; Fischbacher, Urs - CESifo - 2001

This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...

Persistent link: https://www.econbiz.de/10005765909

Separating the Hawks from the Doves: Evidence from Continuous Time Laboratory Games

Oprea, Ryan; Henwood, Keith; Friedman, Daniel - CESifo - 2010

Human players in our laboratory experiment received flow payoffs over 120 seconds each period from a standard Hawk-Dove bimatrix game played in continuous time. Play converged closely to the symmetric mixed Nash equilibrium under a one-population matching protocol. When the same players were...

Persistent link: https://www.econbiz.de/10008511594