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ambiguity is that the presence of multinational firms in corrupted countries is positively associated with demanding tax havens …
Persistent link: https://www.econbiz.de/10013119115
This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric … subsidy competition, starting from an equilibrium where the industry core is inefficiently locked in to the smaller region …
Persistent link: https://www.econbiz.de/10012764278
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 quot;use it or lose itquot; in the sense that any...
Persistent link: https://www.econbiz.de/10012770491
trust and 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 …
Persistent link: https://www.econbiz.de/10012751561
We analyze a divisible good uniform-price auction that features two groups each with a finite number of identical bidders and present conditions under which a unique privately revealing equilibrium exists. We derive novel comparative static results highlighting that increases in transaction...
Persistent link: https://www.econbiz.de/10012854716
When one firm's strategy affects other firms' value, optimal executive incentives depend on whether shareholders have interests in only one or in multiple firms. Performance-sensitive contracts induce managerial effort to reduce costs, and lower costs induce higher output. Hence, greater...
Persistent link: https://www.econbiz.de/10012854854
developing a novel approach to competition between different organizational forms, it frames the relevant trade-offs precisely …
Persistent link: https://www.econbiz.de/10012929480
I consider a contest in which the quantity of output is rewarded and another in which the quality of output is rewarded. The output in the quality contest plays a dual role. It counts in the quality contest but it is also converted into quantity-equivalent output to obtain total output in the...
Persistent link: https://www.econbiz.de/10012913190
broker therefore strategically sells partial information on consumers in order to soften competition between firms. Extending …
Persistent link: https://www.econbiz.de/10012914903
skeptical about undisclosed quality. We show that neither competition nor the presence of sophisticated consumers necessarily …
Persistent link: https://www.econbiz.de/10012915505