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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

Competition and trust: Evidence from German car manufacturers

Felli, Leonardo; Koenen, Johannes; Stahl, Konrad O. - 2011

We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers. Using unique survey data on individual supplier-buyer relationships in the German automotive industry, we show, by means of different measures of supplier-buyer trust, that higher...

Persistent link: https://www.econbiz.de/10010274959

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

Does laboratory trading mirror behavior in real world markets?: fair bargaining and competitive bidding on EBay

Bolton, Gary E.; Ockenfels, Axel - 2008

reputation building in bilateral bargaining, while buyer competition effectively masks this concern and robustly yields …

Persistent link: https://www.econbiz.de/10010264320

How social reputation networks interact with competition in anonymous online trading: an experimental study

Bolton, Gary E.; Loebbecke, Claudia; Ockenfels, Axel - 2008

trustworthiness in anonymous transactions. Market competition creates incentives that arguably may enhance or curb the effectiveness … of these systems. We investigate how different forms of market competition and social reputation networks interact in a … series of laboratory online markets, where sellers face a moral hazard. We find that competition in strangers networks (where …

Persistent link: https://www.econbiz.de/10010264338

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

Equilibrium unemployment and capital intensity under product and labor market imperfections

Kauppi, Heikki; Koskela, Erkki; Stenbacka, Rune - 2004

equilibrium unemployment. The relationship between the long-run unemployment and the intensity of product market competition is …

Persistent link: https://www.econbiz.de/10010261119