Showing 1 - 10 of 15
The 1994 International Conference of Population and Development (ICPD) established goals for the expansion of population assistance. This global effort has so far not sufficiently been supported by donor funds. Dynamic panel estimation methods are used to see what lies behind the sharing of...
Persistent link: https://www.econbiz.de/10005144408
Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems … mechanism to maintain cooperation among humans. In this paper we explore the boundary conditions for altruistic punishment to … maintain cooperation by systematically varying the cost and impact of punishment, using a subject pool which extends beyond the …
Persistent link: https://www.econbiz.de/10005137083
We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of collusion. We introduce cartel culture that describes how...
Persistent link: https://www.econbiz.de/10008531430
For a general class of oligopoly models with price competition, we analyze the impact of ex-ante leniency programs in antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics including its cartel culture. Our analysis disentangles...
Persistent link: https://www.econbiz.de/10005137188
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive equilibrium price as the...
Persistent link: https://www.econbiz.de/10008838625
Trade opportunities are generally seen as valuable instruments to improve the allocation of resources in society. However, when the traded rights are secured through unproductive rent-seeking contests, the tradeability of the rents may provide stronger incentives to invest in rent-seeking...
Persistent link: https://www.econbiz.de/10005136949
Incentive instruments like asset ownership and performance pay often have to strike a balance between the productive incentives and the rent-seeking incentives they provide. Standard theory predicts that a given instrument becomes less attractive when the effectiveness of rent-seeking activities...
Persistent link: https://www.econbiz.de/10005137154
encourage cooperation may actually hurt morale, by convincing opportunistic team members to imitate and later take advantage of …
Persistent link: https://www.econbiz.de/10005209501
. Cooperation in such games can be sustained as a Nash equilibrium. Besides the efficient cooperative equilibrium there is also the … inefficient non-cooperative equilibrium. This paper investigates experimentally whether cooperation actually occurs in a simple …
Persistent link: https://www.econbiz.de/10005144485
behavior. I show that for a large class of parameters cooperation will emerge if the population is large; if the population is … population, the less likely cooperation will be. <BR><BR> …
Persistent link: https://www.econbiz.de/10005144493