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I investigate whether two mechanisms leading to biased beliefs about success, overconfidence and competition neglect … making their decision. Second, I vary whether the competition group consists of all potential competitors or only of …
Persistent link: https://www.econbiz.de/10011900069
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched … competition increases overall welfare. In particular, this is always the case when the incentives for defection are high. …
Persistent link: https://www.econbiz.de/10013331070
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched … competition increases overall welfare. In particular, this is always the case when the incentives for defection are high. …
Persistent link: https://www.econbiz.de/10014458804
challenger invests more into R&D in order to enter a new market than the incumbent. Thus, the patent racing model by Reinganum …
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successful patent applications. …
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This paper revisits the personal expenditure tax (PET), the most prominent version of a progressive consumption tax. The PET has a long intellectual tradition in economics, and the merits and demerits of this alternative to the personal income tax have been discussed at length. What has been...
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