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Competition and quality in regulated markets with sluggish demand

Brekke, Kurt R.; Cellini, Roberto; Siciliani, Luigi; … - 2010

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … to the steady state. While fiercer competition (lower transportation costs or less sluggish demand) leads to higher … quality in both solutions, the quality response to increased competition is weaker when players use feedback strategies. …

Persistent link: https://www.econbiz.de/10010266064

Can competition spoil reciprocity? A laboratory experiment

Bauernschuster, Stefan; Falck, Oliver; Große, Niels Daniel - 2010

This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in … competition leads to a decrease in trustworthiness, especially among partners. We argue that once competition comes into play …

Persistent link: https://www.econbiz.de/10010274051

Strategic Investment Decisions in Multi-Stage Contests with Heterogeneous Players

Deutscher, Christian - 2019

We study strategic investment decisions in multi-stage contests with heterogeneous players. Our theoretical model of a round-robin rank-order tournament predicts that players conserve resources in a current contest to spend more in the subsequent contest if the degree of heterogeneity in the...

Persistent link: https://www.econbiz.de/10012892111

Trust, Investment and Competition : Theory and Evidence from German Car Manufacturers

Calzolari, Giacomo - 2019

quality - but also with more competition among suppliers. Both associations hold only for parts involving comparatively … relationships involving higher trust, buyers are able to induce higher investment and more intense competition among suppliers - but …

Persistent link: https://www.econbiz.de/10012866364

The non-constant-sum Colonel Blotto game

Roberson, Brian; Kvasov, Dmitriy - 2008

The Colonel Blotto game is a two-player constant-sum game in which each player simultaneously distributes her fixed level of resources across a set of contests. In the traditional formulation of the Colonel Blotto game, the players' resources are use it or lose it" in the sense that any...

Persistent link: https://www.econbiz.de/10010264422

Incomplete property rights and overinvestment

Amegashie, J. Atsu - 2009

I consider a model in which an asset owner must decide how much to invest in his asset mindful of the fact that an encroacher's valuation of the asset is increasing in the asset owner's investment. Due to incomplete property rights, the encroacher and asset owner engage in a contest over the...

Persistent link: https://www.econbiz.de/10010265975

Product market competition, investment and employment-abundant versus job-poor growth : a real options perspective

Chen, Yu-Fu; Funke, Michael - 2005

The role of product market reforms in achieving the objective of higher employment and growth has recently received much attention amongst academics. The aim of this paper is to analyse some of the channels through which cross-market effects come about and to assess their policy relevance. The...

Persistent link: https://www.econbiz.de/10010271923

Mobility and conflict

Bhattacharya, Sourav; Deb, Joyee; Kundu, Tapas - 2012

We study the role of inter-group differences in the emergence of conflict. In our setting, two groups compete for the right to allocate societys resources, and we allow for costly intergroup mobility. The winning group offers an allocation, that the opposition can either accept, or reject and...

Persistent link: https://www.econbiz.de/10010280829

A nested contest: Tullock meets the all-pay auction

Amegashie, J. Atsu - 2012

I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock (lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if the contest is sufficiently asymmetric, then there is an...

Persistent link: https://www.econbiz.de/10010289358

Intention-based fairness preferences in two-player contests

Hoffmann, Magnus; Kolmar, Martin - 2013

We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...

Persistent link: https://www.econbiz.de/10010291500