Similar Search Results

U-type versus J-type Tournaments as Alternative Solutions to the Unverifiability Problem

Kräkel, Matthias - University of Bonn, Germany - 2002

This paper discusses the properties of stylized U.S. ("U-type") and Japanese tournaments ("J-type"), which can both solve the unverifiability problem of labor contracts. Under a zero-profit condition, both tournament types will yield first-best efforts if workers are homogenous and risk neutral....

Persistent link: https://www.econbiz.de/10004968364

Strategic Delegation and Mergers in Oligopolistic Contests

Kräkel, Matthias; Sliwka, Dirk - University of Bonn, Germany - 2002

In this paper, we combine the strategic delegation approach of Fershtman-Judd-Sklivas with contets. The results show that besides a symmetric equilibrium there also exist asymmetric equilibria in which one owner induces pure sales maximization to his manager so that all the other firms drop out...

Persistent link: https://www.econbiz.de/10004968410

Blowing the Whistle

Apesteguia, José; Dufwenberg, Martin; Selten, Reinhard - University of Bonn, Germany - 2003

-trust innovation. The authorities wish to thwart cartels and promote competition. This effect is not evident, however; whistle …

Persistent link: https://www.econbiz.de/10004989614

An analysis of the German university admissions system

Westkamp, Alexander - University of Bonn, Germany

. Complete information equilibrium outcomes are shown to be characterized by a \emph{stability} condition that is adapted to the … notion of \emph{procedural stability}. Two simple assumptions guarantee existence of a student optimal procedurally stable …

Persistent link: https://www.econbiz.de/10010535252

Anticipatory learning in two-person games

Selten, Reinhard - University of Bonn, Germany

Persistent link: https://www.econbiz.de/10005028406

A Characterization of Melioration in Game Theoretic Frameworks

Apesteguia, Jose - University of Bonn, Germany - 2001

all players. Further, the question of stability of such a distribution is studied. …

Persistent link: https://www.econbiz.de/10004989621

Litigation and settlement II: Stability and other criteria

Schweizer, Urs - University of Bonn, Germany - 1986

Persistent link: https://www.econbiz.de/10004993101

On the Stability of Intertemporal Equilibria with Rational Expectations

Hens, Thorsten - University of Bonn, Germany - 1994

In this Paper we propose a concept of stability for intertemporal equilibria with rational expectations: current period … Hicks' and exceptional stability. In an intertemporal variant of Scarf's example on the instability of Walrasian t …×tonnement process it will be seen that the stability notion we propose is more stable than any other process investigated so far. …

Persistent link: https://www.econbiz.de/10004968170