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Sequential Teamwork in Competitive Environments: Theory and Evidence from Swimming Data

Neugart, Michael; Richiardi, Matteo - Collegio Carlo Alberto, Università degli Studi di Torino - 2011

The aim of the paper is to assess whether there is free-riding in teams when team production is sequential and when there is competition between teams. This a common case, which, however, has not been considered in the literature so far. We develop a model where team members contributing earlier...

Persistent link: https://www.econbiz.de/10009150649

Bargaining over a Divisible Good in the Market for Lemons

Gerardi, Dino; Maestri, Lucas - Collegio Carlo Alberto, Università degli Studi di Torino - 2013

A seller dynamically sells a divisible good to a buyer. It is common knowledge that there are gains from trade and that the gains per unit are decreasing. Payoffs are interdependent as in Akerlof's market for lemons. The seller is informed about the good's quality. The buyer makes an offer in...

Persistent link: https://www.econbiz.de/10010862058

Frictions Lead to Sorting: a Partnership Model with On-the-Match Search

Bartolucci, Cristian; Monzon, Ignacio - Collegio Carlo Alberto, Università degli Studi di Torino - 2014

We present a partnership model where heterogeneous agents bargain over the gains from trade and search on the match. Frictions allow agents to extract higher rents from more productive partners, generating an endogenous preference for high types. More productive agents upgrade their partners...

Persistent link: https://www.econbiz.de/10011162519

Competition and dynamics of takeover contests

Calcagno, Riccardo; Falconieri, Sonia - Collegio Carlo Alberto, Università degli Studi di Torino - 2013

This paper investigates the effect of potential competition on takeovers which we model as a bargaining game with alternating offers where calling an auction represents an outside option for each bidder at each stage of the game. The model aims to answer three main questions: who wins the...

Persistent link: https://www.econbiz.de/10010635930

The Role of Commitment in Bilateral Trade

Gerardi, Dino; Horner, Johannes; Maestri, Lucas - Collegio Carlo Alberto, Università degli Studi di Torino - 2010

We examine the buyer-seller problem under different levels of commitment. The seller is informed of the quality of the … be achieved through mechanisms in which, unlike with full commitment, the buyer has the option to "walk away" after … commitment affect outcomes, and which constraints, if any, preclude efficiency. …

Persistent link: https://www.econbiz.de/10008641790

Ramón y Cajal: Mediation and Meritocracy

Triossi, Matteo; Romero-Medina, Antonio - Collegio Carlo Alberto, Università degli Studi di Torino - 2006

The Ramón y Cajal Program promotes the hiring of top researchers in Spanish R&D centers and academic institutions. The centralized mechanism associated to the Program is analyzed. The paper models it as a two-sided matching market and studies if it provides the incentives to increase the...

Persistent link: https://www.econbiz.de/10005765471

Political Institutions and the Dynamics of Public Investment

Battaglini, Marco; Nunnari, Salvatore; Palfrey, Thomas R. - Collegio Carlo Alberto, Università degli Studi di Torino - 2010

We present a theoretical model of the provision of a durable public good over an infinite horizon. In each period, there is a societal endowment of which each of n districts owns a share. This endowment can either be invested in the public good or consumed. We characterize the planner's optimal...

Persistent link: https://www.econbiz.de/10008503149

Converging to Efficiency: the Ramón y Cajal Program Experience

Alonso-Borrego, César; Romero-Medina, Antonio; … - Collegio Carlo Alberto, Università degli Studi di Torino - 2007

We analyze the evolution on the design of a policy measure promoted by the Spanish Government: the Ramón y Cajal Program. In the first calls of the Program, an eligibility requirement for a researcher was a preacceptance from at least one Spanish research insti- tution. This requirement was...

Persistent link: https://www.econbiz.de/10005405550

Frictional Matching: Evidence from Law School Admission

Courty, Pascal; Pagliero, Mario - Collegio Carlo Alberto, Università degli Studi di Torino - 2009

We measure friction in the matching of students and law schools as the number of unnecessary student applications and school admissions that have to be undertaken per actual matriculation. We show that friction increases with student and school attractiveness, but decreases for top schools and...

Persistent link: https://www.econbiz.de/10004994195

Games of Capacities: A (Close) Look to Nash Equilibria

Romero-Medina, Antonio; Triossi, Matteo - Collegio Carlo Alberto, Università degli Studi di Torino - 2007

The paper studies two games of capacity manipulation in hospital-intern markets. The focus is on the stability of Nash equilibrium outcomes. We provide minimal necessary and sufficient conditions guaranteeing the existence of pure strategy Nash Equilibria and the stability of outcomes.

Persistent link: https://www.econbiz.de/10005094057