Showing 1 - 10 of 139
private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The …
Persistent link: https://www.econbiz.de/10010383392
We propose and experimentally test a theory of strategic behavior in which players are cognitively imprecise and … perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when … players use a simple cutoff strategy. The model further predicts that behavior is context-dependent: players implement the …
Persistent link: https://www.econbiz.de/10012698826
higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …
Persistent link: https://www.econbiz.de/10011761639
behavior mostly converges to collectively inefficient outcome. However, in the field, interaction neighborhoods often can be … coordination. In a fixed interaction treatment, a vast majority of subjects quickly coordinates on the inefficient outcome. In a … treatment with neighborhood choice, the outcome is dramatically different: behavior quickly converges to the socially desirable …
Persistent link: https://www.econbiz.de/10012506919
We study a simultaneous move game of targeted advertising and pricing in a market with various consumer segments. In this setting we explore the implications of market segmentation on firm competitiveness. If firms are unable to target their ads on different consumer segments, a unique...
Persistent link: https://www.econbiz.de/10011401331
This paper studies the incentives that developing countries have to protect intellectual properties rights (IPR). On the one hand, free-riding on rich countries technology reduces their investment cost in R&D. On the other hand, firm that violates IPR cannot legally export in a country that...
Persistent link: https://www.econbiz.de/10009764430
In a model where firms face a continuous choice of how much to invest in environmental innovation, we show that an ever stricter environmental policy does not always lead to ever cleaner production methods and ever lower production of polluting goods. It does so when the abatement technology is...
Persistent link: https://www.econbiz.de/10010361382
In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the viewpoint of the foreign country. Calibrating the model...
Persistent link: https://www.econbiz.de/10011481156
power. Examples include the labor-managed firm, mixed oligopoly, and delegation models. These models typically retain the …
Persistent link: https://www.econbiz.de/10011565597
This paper examines a dynamic game of exploitation of a common pool of some renewable asset by agents that sell the result of their exploitation on an oligopolistic market. A Markov Perfect Nash Equilibrium of the game is used to analyze the effects of a merger of a subset of the agents. We...
Persistent link: https://www.econbiz.de/10010434092