Similar Search Results

The Endogenous Evolution of Market Institutions : An Experimental Investigation

Potters, Jan; Kirchsteiger, G.; Niederle, M. - Tilburg University, Center for Economic Research - 1998

We study an experimental market in which the structure of the information flows is endogenized. When making an offer, traders choose not only the price at which they are prepared to trade, but also the subset of traders they want to inform about the offer. This design allows for two extreme...

Persistent link: https://www.econbiz.de/10011090309

Lindahl Equilibrium and Schweitzer's Open Club Model Semi-Public Goods

ten Raa, Thijs; Gilles, R.P. - Tilburg University, Center for Economic Research - 2003

Limit core allocations are the ones that remain in the core of a replicated economy.An equivalent notion for economies with public goods is Schweizer s concept of club e ciency under a variable number of economic agents.We extend this notion to economies with goods that have a semi-public...

Persistent link: https://www.econbiz.de/10011090319

Bob Russell Volume : Don't Aggregate Efficiency but Disaggregate Inefficiency

ten Raa, Thijs - Tilburg University, Center for Economic Research - 2003

Persistent link: https://www.econbiz.de/10011090369

Public Versus Private Exchanges

Potters, Jan; Kirchsteiger, G.; Niederle, M. - Tilburg University, Center for Economic Research - 2001

efficiency as a double auction.When we impose transaction costs on the buyers, only the sellers make private offers, which …

Persistent link: https://www.econbiz.de/10011091018

The Inefficiency of the Stock Market Equilibrium under Moral Hazard

Wagner, Wolf; Calcagno, R. - Tilburg University, Center for Economic Research - 2003

In this paper we study the constrained efficiency of a stock market equilibrium under moral hazard.We extend a standard …

Persistent link: https://www.econbiz.de/10011091029

Investment and Usage of New Technologies : Evidence from a Shared ATM Network

Degryse, Hans; Ferrari, S.; Verboven, F.L. - Tilburg University, Center for Economic Research - 2008

When new technologies become available, it is not only essential that firms have the correct investment incentives, but often also that consumers make the proper usage decisions. This paper studies investment and usage in a shared ATM network. Be- cause all banks coordinate their ATM investment...

Persistent link: https://www.econbiz.de/10011091116

Tree-Type Values for Cycle-Free Directed Graph Games

Talman, Dolf; Khmelnitskaya, A. - Tilburg University, Center for Economic Research - 2010

Mathematics Subject Classification 2000: 91A12, 91A43

Persistent link: https://www.econbiz.de/10011091131

Tree, Web and Average Web Value for Cycle-Free Directed Graph Games

Talman, Dolf; Khmelnitskaya, A. - Tilburg University, Center for Economic Research - 2011

On the class of cycle-free directed graph games with transferable utility solution concepts, called web values, are introduced axiomatically, each one with respect to some specific choice of a management team of the graph. We provide their explicit formula representation and simple recursive...

Persistent link: https://www.econbiz.de/10011091203

Collusion under Yardstick Competition : An Experimental Study

Potters, Jan; van Damme, Eric; Rockenbach, B.; Sadrieh, A. - Tilburg University, Center for Economic Research - 2003

which we compare the efficiency of two performance evaluation schemes. …

Persistent link: https://www.econbiz.de/10011091230

Hiding an Inconvenient Truth : Lies and Vagueness (Revision of DP 2008-107)

van Damme, Eric; Potters, Jan; Serra Garcia, M. - Tilburg University, Center for Economic Research - 2010

When truth conflicts with efficiency, can verbal communication destroy efficiency? Or are lies or vagueness used to … prisoners’ dilemma. Without verbal communication, efficiency is achieved, with contributions for high or intermediate values … efficiency by exaggerating. When communication can be vague, the leader turns to vague messages when the value is intermediate …

Persistent link: https://www.econbiz.de/10011091313