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We analyze an entry game with multiple periods, in each period of which privately informed agents who have not joined yet decide whether to subscribe to a network, and subscribers derive benefits in future periods depending on the network size. We study the case that the agents are sufficiently...
Persistent link: https://www.econbiz.de/10005342354
In a typical corporate hierarchy, the manager is delegated the authority to make decisions that set directions for the organization, employ subordinates and contract with external suppliers. This paper explains when such delegation of authority can be optimal, using a model of a firm with three...
Persistent link: https://www.econbiz.de/10005063551
This paper examines the effectiveness of cheap talk advice in recurrent relationships between a customer, and multiple experts who provide professional services with differentiated specialties (e.g, auto mechanics, physicians). Specifically, the sustainable honesty level is characterized in...
Persistent link: https://www.econbiz.de/10005699419
Most of the work in the field of competition between jurisdictions for the attraction of a large plant focuses on financial offers, bids or tax holidays. In this paper we add to the competition game an initial stage in which jurisdictions can invest in an infrastructure capital to enhance their...
Persistent link: https://www.econbiz.de/10005129687