Similar Search Results

Evolution in Games with a Continuous Action Space

Veelen, Matthijs van - Tinbergen Instituut - 2001

This discussion paper resulted in a publication in <A href="http://link.springer.com/article/10.1007%2Fs00199-008-0338-8">'Economic Theory'</A>, 2009, 39(3), 355-376. Allowing for games with a continuous action space, we deal with the question whether and when static conceptslike evolutionary stability can shed any light on what happens in the dynamical context of a...</a>

Persistent link: https://www.econbiz.de/10011256428

The Unique-lowest Sealed-bid Auction

Houba, Harold; Laan, Dinard van der; Veldhuizen, Dirk - Tinbergen Instituut - 2008

This discussion paper resulted in a publication in <A href="http://link.springer.com/article/10.1007%2Fs11238-010-9196-5">'Theory and Decision'</A>, 2011, 71(2), 269-295. Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in...</a>

Persistent link: https://www.econbiz.de/10011256442

Evolution of Strategies in Repeated Games with Discounting

Veelen, Matthijs van - Tinbergen Instituut - 2007

In repeated games there is in general a large set of equilibria. We also know that in the repeated prisoners dilemma there is a profusion of neutrally stable strategies, but no strategy that is evolutionarily stable. This paper investigates whether and how neutrally stable strategies can be...

Persistent link: https://www.econbiz.de/10011256810

Optimal Incentive Contracts when Workers envy their Boss

Dur, Robert; Glazer, Amihai - Tinbergen Instituut - 2004

A worker's utility may increase with his income, but envy can make his utility decline with his employer's income. This … article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the … applications of our theoretical work: envy can explain why a lower-level worker is awarded stock options, why incentive pay is …

Persistent link: https://www.econbiz.de/10011256032

Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach

Baye, Michael R.; Kovenock, Dan; Vries, Casper G. de - Tinbergen Instituut - 2000

A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of a disputed asset is unknown to the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....

Persistent link: https://www.econbiz.de/10011256628

Contests with Rank-Order Spillovers

Baye, Michael R.; Kovenock, Dan; Vries, Casper G. de - Tinbergen Instituut - 2009

-order contests with complete information, in which each player's strategy generates direct or indirect affine "spillover" effects … important economic environments, as well as in classic contests adapted to recent experimental and behavioral models where …, tournaments, R&D races, models of ligitation, and a host of other contests.This paper has been accepted by <A href …

Persistent link: https://www.econbiz.de/10011257530

Social Relations and Relational Incentives

Dur, Robert; Tichem, Jan - Tinbergen Instituut - 2012

this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward …

Persistent link: https://www.econbiz.de/10011255564

Remittances and their Effect on Emigration Intentions in Egypt, Morocco and Turkey

Dalen, Hendrik P. van; Groenewold, George; Fokkema, Tineke - Tinbergen Instituut - 2005

What determines remittances – altruism or enlightened self-interest - and do remittances trigger additional migration …

Persistent link: https://www.econbiz.de/10011255585

Incentives and the Sorting of Altruistic Agents into Street-Level Bureaucracies

Buurman, Margaretha; Dur, Robert - Tinbergen Instituut - 2008

-selection and allocation decisions of agents who differ in altruism towards clients. When bureaucrats are paid flat wages, they do … of the altruism distribution. We also show how client composition affects sorting and why street-level bureaucrats often …

Persistent link: https://www.econbiz.de/10011255604

Working for a Good Cause

Dur, Robert; Zoutenbier, Robin - Tinbergen Instituut - 2011

This discussion paper has led to a publication in the Public Administration Review, 2014, 74(2), 144-155. A rich literature in public administration has shown that public sector employees have stronger altruistic motivations than private sector employees. Recent economic theories stress the...

Persistent link: https://www.econbiz.de/10011255626