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Growing Strategy Sets in Repeated Games
Okada, Daijiro; Neyman, Abraham - Econometric Society - 2004
existing measures of complexity of a strategy, such as the number of states of an automaton that represents the strategy needs …
Persistent link: https://www.econbiz.de/10005342187
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Complexity and Efficiency in Repeated Games with Negotiation
Sabourian, Hamid; Lee, Jihong - Econometric Society - 2004
explicitly consider the complexity of implementing a strategy, introduced in the literature on repeated games played by automata … equilibria survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games …
Persistent link: https://www.econbiz.de/10005342231
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Competition and Consumer Confusion
Laibson, David; Gabaix, Xavier - Econometric Society - 2004
firms to choose even more excess complexity. Firms with lower intrinsic quality and higher production costs choose the most … excess complexity. Educating consumers to reduce their evaluation noise would generate large welfare gains. But the gains …
Persistent link: https://www.econbiz.de/10005063732
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Complexity and Efficiency in the Negotiation Game
Sabourian, Hamid; Lee, Jihong - Econometric Society - 2004
investigate the role of complexity of implementing a strategy, introduced in the literature on repeated games played by automata …. Thus, complexity and bargaining in tandem may offer an explanation for co-operation and efficiency in repeated games …
Persistent link: https://www.econbiz.de/10005699675
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Complexity and Efficiency in Repeated Games with Negotiation
Sabourian, Hamid; Lee, Jihong - Econometric Society - 2004
explicitly consider the complexity of implementing a strategy, introduced in the literature on repeated games played by automata … equilibria survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games …
Persistent link: https://www.econbiz.de/10005702743
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Compensation of venture capitalists with two principals
Kim, Sung Hyun - Econometric Society - 2004
Venture capitalists enjoy incentive-laden compensation schemes where they are paid a fixed amount (management fees) plus a share of profit (success fees). This scheme is of course intended to provide venture capitalists with strong incentives under the heavy information asymmetry (Sahlman, 1982,...
Persistent link: https://www.econbiz.de/10005342368
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The Mushroom Treatment: Information Suppression and Misrepresentation in Organizations
Croson, David C.; Weber, Thomas A. - Econometric Society - 2004
communication structure. The value of an information system within an organization, therefore, will not be monotone in its …
Persistent link: https://www.econbiz.de/10005130154
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The architecture and the configuration of information-processing organizations
Kim, Jeong-Yoo; Jun, Tackseung - Econometric Society - 2004
We model a hierarchy consisting of possibly corrupted agents who process information, and consider the problem of designing the efficient hierarchy structure and configuring the agents who differ in their honesty. If the only role of agents is to report the information to their direct superior,...
Persistent link: https://www.econbiz.de/10005130245