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Preemption, start-up decisions and the firms' capital structure
Moretto, Michele; Panteghini, Paolo M. - 2007
In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions.
Persistent link: https://www.econbiz.de/10010264136
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Markets for information: of inefficient firewalls and efficient monopolies
Cabrales, Antonio; Gottardi, Piero - 2008
In this paper we build a formal model to study market environments where information is costly to acquire and is of use also to potential competitors. In such situations a market for information may form, where reports - of unverifiable quality - over the information acquired are sold. A...
Persistent link: https://www.econbiz.de/10010264388
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Optimal R&D investment strategies with quantity competition under the threat of superior entry
Lukach, Ruslan; Kort, Peter M.; Plasmans, Joseph - 2005
This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to technical uncertainty. We distinguish four scenarios: inevitable entry, entry deterrence, entry blockade, and non-credible entry threat. The entry threat stimulates the incumbent to...
Persistent link: https://www.econbiz.de/10010261128
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Belief Elicitation : Limiting Truth Telling with Information or Incentives
Danz, David - 2020
Belief elicitation is central to inference on economic decision making. The recently introduced Binarized Scoring Rule (BSR) is heralded for its robustness to individuals holding risk averse preferences and for its superior performance when eliciting beliefs. Consequently, the BSR has become the...
Persistent link: https://www.econbiz.de/10012842970
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Spin Doctors : A Model and an Experimental Investigation of Vague Disclosure
Deversi, Marvin - 2018
such positive spin? We use a theoretical model and a laboratory experiment to study the strategic use of vagueness in a … interval that contains her actual type. Theory predicts that when facing a possibly naive receiver, the sender discloses an … interval that separates her from worse types but is upwardly vague. Senders in the experiment adopt this strategy and some …
Persistent link: https://www.econbiz.de/10012908648
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Partial Norms
D'Adda, Giovanna - 2019
related testable predictions, and design an experiment based on a variant of the dictator game that tests for empirical …
Persistent link: https://www.econbiz.de/10012889682
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Conspiracy Against the Public €“ an Experiment on Collusion
Johnsen, Åshild A. - 2019
theory, while sociological theories of social ties and intergroup comparisons suggest that bilateral cooperation can be … strengthened if there exist outsiders that gain from cooperative break down. We investigate this in a laboratory experiment …
Persistent link: https://www.econbiz.de/10012892045
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It's Not My Fault! Self-Confidence and Experimentation
Hestermann, Nina - 2019
external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in …
Persistent link: https://www.econbiz.de/10012892079
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Endogenous Timing and Income Inequality in the Voluntary Provision of Public Goods : Theory and Experiment
Itaya, Jun-ichi - 2019
supported by the laboratory experiment, although those regarding individuals’ contribution decisions are consistent with the …
Persistent link: https://www.econbiz.de/10012892149
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Incentives, Self-Selection, and Coordination of Motivated Agents for the Production of Social Goods
Bauer, Kevin; Kosfeld, Michael; von Siemens, Ferdinand - 2021
prediction in a lab experiment allowing us to cleanly separate the selection effect from other effects of low incentives. Results …
Persistent link: https://www.econbiz.de/10013217557