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Cumulative Leadership and Entry Dynamics
Versaevel, Bruno - HAL - 2009
This paper investigates the combined impact of a first-mover advantage and of firms' limited mobility on the equilibrium outcomes of a continuous-time model adapted from by Boyer, Lasserre, and Moreaux (2007). Two firms face market development uncertainty and may enter by investing in lumpy...
Persistent link: https://www.econbiz.de/10008790627
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A note on the stochastic stability of equilibrium in some exchange economies
Mandel, Antoine; Botta, Nicola - HAL - 2009
Building upon recent work of Gintis, we study evolutionary dynamics in an economy with Leontieff preferences and corner endowments for which the equilibrium is completely indeterminate. We exhibit a class of dynamics which selects, via stochastic stability, the equilibrium minimizing the...
Persistent link: https://www.econbiz.de/10010738585
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A note on Herbert Gintis' "Emergence of a Price System from Decentralized Bilateral Exchange"
Mandel, Antoine; Botta, Nicola - HAL - 2009
In two recent contributions, Herbert Gintis introduces agent-based imitation models built upon evolutionary bargaining games where agents use private prices as strategies. He reports surprising convergence results for simulations performed in exchange economies where goods are strict complement....
Persistent link: https://www.econbiz.de/10010635151
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Progressive entry and the incentives to invest in alternative infrastructures
Bourreau, Marc; Drouard, Joeffrey - HAL - 2014
of experience depends on the entrant's current customer base and facility-based entry is a long-term possibility, setting …
Persistent link: https://www.econbiz.de/10010789241
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Endogenous Entry, Product Variety and Business Cycles
Bilbiie, Florin; Ghironi, Fabio; Melitz, Marc - HAL - 2012
determination of the number of producers and products over the business cycle. Economic expansions induce higher entry rates by … prospective entrants subject to irreversible investment costs. The sluggish response of the number of producers (due to sunk entry … decisions, producer entry, and the allocation of labor across sectors. The model performs at least as well as the benchmark real …
Persistent link: https://www.econbiz.de/10010635237
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Capacity Investment under Demand Uncertainty. An Empirical Study of the US Cement Industry, 1994‐2006
Ponssard, Jean-Pierre; Thomas, Catherine - HAL - 2010
Uncertainty about the level of demand is thought to influence irreversible capacity decisions. This paper examines some implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in this sector have the ability to deliver...
Persistent link: https://www.econbiz.de/10008793774
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Societal communication and brand equity
Benoît-Moreau, Florence; Parguel, Béatrice - HAL - 2007
and test them using an experiment on 200 university students. The findings suggest that societal communication supports …
Persistent link: https://www.econbiz.de/10009418533
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Societal communication and brand equity
Benoît-Moreau, Florence; Parguel, Béatrice - HAL - 2007
hypotheses and test them using an experiment on a sample of 200 French University students. The findings suggest that societal …
Persistent link: https://www.econbiz.de/10009418534
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Emotions, Sanctions and Cooperation
Joffily, Matteus; Masclet, David; Noussair, Charles; … - HAL - 2011
We use skin conductance responses and self-reports of hedonic valence to study the emotional basis of cooperation and punishment in a social dilemma. Emotional reaction to free-riding incites individuals to apply sanctions when they are available. The application of sanctions activates a...
Persistent link: https://www.econbiz.de/10008876967
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WHAT SHOULD AN UNMANAGED EARNINGS DISTRIBUTION LOOK LIKE?
Vidal, Olivier - HAL - 2010
experiment, and also sets out to identify the general distribution pattern to be expected for unmanaged earnings. Normal …
Persistent link: https://www.econbiz.de/10009025288