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We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it creates stronger incentives for defection. We point out,...
Persistent link: https://www.econbiz.de/10013331070
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it creates stronger incentives for defection. We point out,...
Persistent link: https://www.econbiz.de/10014458804
literature on tournaments within firms, which shows that competitive compensation schemes reduce cooperation in the short-run, we …
Persistent link: https://www.econbiz.de/10014493908
This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of the line of thought of its prevalent explanation in equilibrium economics which is focusing on market failures as its key underpinning and which is the major toolkit of...
Persistent link: https://www.econbiz.de/10011487099
convergence among the regions or nations of a common market. Thus, comparing the two internal markets, the question comes up if … two markets because in the U.S. only 2\% of the total population lives in regions with less than 75\% of the US …-average GDP per capita while in the EU approximately 31\% of the total population lives in such regions eligible for structural …
Persistent link: https://www.econbiz.de/10011515661
Previous empirical investigations provide evidence of substantial regional variation in the supply elasticity of housing, and show that the elasticity and its variation across cities within the U.S. are significantly influenced by regulatory supply constraints, city level population, population...
Persistent link: https://www.econbiz.de/10012503045
, accounting for two-thirds of the achievement variation across Italian regions and one-third across U.S. states. Results also hold …
Persistent link: https://www.econbiz.de/10014495910
-Stay-Lose-Shift, are not prevalent. We also find that the strategies used to support cooperation change with the parameters of the game …
Persistent link: https://www.econbiz.de/10010195365
Persistent link: https://www.econbiz.de/10012661318
International cooperation on the reduction of greenhouse gas emissions, disarmament, or free trade needs to be … ambitious cooperation. Yet, a proof-of-concept for this important claim is lacking. Based on game theoretical analyses, we … a public good. Subjects differ in their benefits and costs of cooperation. Participation in the negotiations and all …
Persistent link: https://www.econbiz.de/10012500234