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The multiplier effect in two-sided markets with bilateral investments

Dizdar, Deniz; Moldovanu, Benny; Szech, Nora - 2017

investment behavior. The bilateral external benefits induce an investment multiplier effect. This multiplier effect depends in a … of investment and the signaling incentives induced by competition. …

Persistent link: https://www.econbiz.de/10011778702

Profit shifting and investment effects : the implications of zero-taxable profits

Köthenbürger, Marko; Mardan, Mohammed; Stimmelmayr, … - 2018

-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit … investment incentives and transfer pricing induces inefficiently low taxes. …

Persistent link: https://www.econbiz.de/10011794726

The theory of human capital revisited : on the interaction of general and specific investments

Kessler, Anke S.; Lülfesmann, Christoph - 2002

Human capital theory distinguishes between training in general-usage and firm-specific skills. In his seminal work, Becker (1964) argues that employers will not be willing to invest in general training when labor markets are competitive. However, they are willing to invest in specific training...

Persistent link: https://www.econbiz.de/10011541144

Observable strategies, commitments, and contracts

Wärneryd, Karl Erik - 2014

We consider rules (strategies, commitments, contracts, or computer programs) that make behavior contingent on an opponent's rule. The set of perfectly observable rules is not well defined. Previous contributions avoid this problem by restricting the rules deemed admissible. We instead limit the...

Persistent link: https://www.econbiz.de/10010437999

Market power and information revelation in dynamic trading

Gottardi, Piero; Serrano, Roberto - 2004

We study a strategic model of dynamic trading where agents are asymmetrically informed over common value sources of uncertainty. There is a continuum of buyers and a finite number n of sellers. All buyers are uninformed, while at least one seller is privately informed about the true state of the...

Persistent link: https://www.econbiz.de/10011451558

Efficient incentives with social preferences

Daske, Thomas; March, Christoph - 2022

This study explores mechanism design with allocation-based social preferences. Agents' social preferences and private payoffs are all subject to asymmetric information. We assume quasi-linear utility and independent types. We show how the asymmetry of information about agents' social preferences...

Persistent link: https://www.econbiz.de/10013255847

Race meets bargaining in product development

Karagözoğlu, Emin; Keskin, Kerim; Sağlam, Hüseyin … - 2020

We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i.e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from the new product using the normatively appealing Nash...

Persistent link: https://www.econbiz.de/10012165947

Trade, insecurity, and the costs of conflict

Garfinkel, Michelle Robin; Skaperdas, Stergios; … - 2022

Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...

Persistent link: https://www.econbiz.de/10013419262

International trade and stable resolutions of resource disputes

Garfinkel, Michelle Robin; Syropoulos, Constantinos - 2022

We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset ﬁrst arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states' military capacities, but...

Persistent link: https://www.econbiz.de/10013419332

Directed generosity and network formation : network dimension matters

D'Exelle, Ben; Riedl, Arno - 2010

We explore network effects on generosity for different network dimensions. To this end we elicit multiple network dimensions (friendship, social support, economic exchange, etc.) in a rural village in the Southern hemisphere and measure generosity with a sequence of dictator games conducted in...

Persistent link: https://www.econbiz.de/10008806684

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